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Wednesday, December 5, 2012

US Energy: Abundant, Cheap, Reliable

Updates

December 6, 2012: Tim Cook discusses Apple's move to bring back to the US some manufacturing of Apple products (promo teaser for CNBC interview). AP story here.

 Original Post

Link to Yahoo News (turn down the volume).
When the biggest company in America is reported to be, for the first time in a generation, bringing some of its high-tech computer manufacturing back to plants on the home front from those in Asia, something has to be going on. 
At the very least, it merits further investigation into why Apple  suddenly decided to assemble iMacs in the U.S.
For Jeff Saut, chief investment strategist at Raymond James, this new reality is not only part of what he expects will be a growing trend, but also an indirect endorsement for the country's cheap and reliable energy.
"I think the real story is that the U.S. is likely going to be the low cost center of energy outside of the Middle East," Saut says in the attached video. "But who wants to build a plant there?"
With regard to energy, two words: a) cheap; b) reliable.

Oh, I almost forgot: as long as it isn't coal. 

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