This may just be the best article of the year regarding America's dependency on foreign oil and how to take advantage of it.
I enjoyed this article for two reasons.
First, this author's model that explains the reason behind America's dependency on foreign oil meshes with mine with one or two exceptions.
Second, the author does not wring his hands. He realizes he can't fix it: it is what is. (That, by the way, has become one of my favorite lines when coming to intractable arguments.)
America's dependency on foreign oil: it's a fact of life. It isn't going to change in my investing lifetime.
The author places a lot of the blame on the oil companies. (It should be noted that it is not the oil companies that have placed off-shore drilling off-limits. The Obama administration has just extended the moratorium all along the eastern seaboard and the Gulf around Florida for another seven years. That was not the oil companies that extended the moratorium. And I seriously doubted they lobbied the administration to extend the moratorium.)
Be that as it may. The blame game doesn't help investors. It is what it is.
And the author makes investment recommendations. The article was published several days before today's nice run-up in the price of oil.
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