Post by jeffolie on Feb 14, 2010 17:40:53 GMT -6
Natural Gas survivalist
This TeaBagger Natural Gas lobbyist praises then dumps natural gas because of America's dysfunctional political system and turns post collapse urban survivalist.
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Natural Gas Transportation - Why Not?
Given America’s complete political and economic policy dysfunction, the generation of U.S. dollars out of thin air and backed by nothing, and the inability of the country to adopt a strategic long-term comprehensive energy policy.
Conclusion
Question: Natural Gas Transportation – Why Not?
Answer: it’s POLITICAL
And for the sake of our economy, our security, and the future of our planet, I will set a clear goal as president: In 10 years, we will finally end our dependence on oil from the Middle East.
— President Barack Obama
Like so many Presidents before him, it’s a promise that will not be kept. Regardless, whatever the true reason the U.S. stays addicted to foreign oil, it’s clear the root cause must be political. It may be surprising to some that I have been such an advocate of natural gas transportation in order to wean ourselves off oil. But what choice do we have? Every US president since Eisenhower has publicly stated the US must reduce foreign oil imports. Yet, in 1970 the US imported only 24% of our oil. At that time this dependence was considered a grave national security problem. Now that our dependence has grown to 65%, it is not only a national security problem of the highest level – it is an economic crisis.
In 2009 the United States imported 4.35 billion barrels of oil (63% of its total oil consumption) and as a result sent $265 billion dollars overseas to pay for it. In 2008 when oil reached $150/barrel and gasoline was sold over $4.50/gallon, the US imported 65% of its oil and sent $465 billion dollars overseas. Think of it, nearly half a trillion dollars left the country in 2008 alone for oil. Estimates for the next decade predict the US will send $10 trillion dollars overseas for oil. As Boone Pickens often says, this is without a doubt the largest transfer of wealth in the history of mankind.
What is an American investor to do? I used to believe the answer was to invest primarily in oil companies and energy stocks. The events of the last several years have me rethinking this strategy.
What a broken country! But I digress – bottom line, I’ve made a U-turn: stay away from pure-play natural gas stocks. However, realistically, once must consider the possibility that the U.S.’s economic, political, fiscal, and monetary policies are so bad that the entire system will collapse like other fiat money countries of past history. If that’s the case, oil stock certificates like those above will only be good for one thing (which I cannot say here since this is a family website). It seems that, at least politically, there is no fix to America’s broken two-party system unless there is some earth shaking event like famine or war on our own soil. In this case, what else can a person do but buy gold and silver bullion, build a garden, install a rain barrel or two, and stock up on dry goods and ammo? What a sad commentary that a citizen of the U.S. is even writing such depressing advice as this. However, looking at gun and ammo sales, as well as gold prices, I am obviously not the only one that feels this way.
seekingalpha.com/article/188258-natural-gas-transportation-why-not
This TeaBagger Natural Gas lobbyist praises then dumps natural gas because of America's dysfunctional political system and turns post collapse urban survivalist.
=========================================================
Natural Gas Transportation - Why Not?
Given America’s complete political and economic policy dysfunction, the generation of U.S. dollars out of thin air and backed by nothing, and the inability of the country to adopt a strategic long-term comprehensive energy policy.
Conclusion
Question: Natural Gas Transportation – Why Not?
Answer: it’s POLITICAL
And for the sake of our economy, our security, and the future of our planet, I will set a clear goal as president: In 10 years, we will finally end our dependence on oil from the Middle East.
— President Barack Obama
Like so many Presidents before him, it’s a promise that will not be kept. Regardless, whatever the true reason the U.S. stays addicted to foreign oil, it’s clear the root cause must be political. It may be surprising to some that I have been such an advocate of natural gas transportation in order to wean ourselves off oil. But what choice do we have? Every US president since Eisenhower has publicly stated the US must reduce foreign oil imports. Yet, in 1970 the US imported only 24% of our oil. At that time this dependence was considered a grave national security problem. Now that our dependence has grown to 65%, it is not only a national security problem of the highest level – it is an economic crisis.
In 2009 the United States imported 4.35 billion barrels of oil (63% of its total oil consumption) and as a result sent $265 billion dollars overseas to pay for it. In 2008 when oil reached $150/barrel and gasoline was sold over $4.50/gallon, the US imported 65% of its oil and sent $465 billion dollars overseas. Think of it, nearly half a trillion dollars left the country in 2008 alone for oil. Estimates for the next decade predict the US will send $10 trillion dollars overseas for oil. As Boone Pickens often says, this is without a doubt the largest transfer of wealth in the history of mankind.
What is an American investor to do? I used to believe the answer was to invest primarily in oil companies and energy stocks. The events of the last several years have me rethinking this strategy.
What a broken country! But I digress – bottom line, I’ve made a U-turn: stay away from pure-play natural gas stocks. However, realistically, once must consider the possibility that the U.S.’s economic, political, fiscal, and monetary policies are so bad that the entire system will collapse like other fiat money countries of past history. If that’s the case, oil stock certificates like those above will only be good for one thing (which I cannot say here since this is a family website). It seems that, at least politically, there is no fix to America’s broken two-party system unless there is some earth shaking event like famine or war on our own soil. In this case, what else can a person do but buy gold and silver bullion, build a garden, install a rain barrel or two, and stock up on dry goods and ammo? What a sad commentary that a citizen of the U.S. is even writing such depressing advice as this. However, looking at gun and ammo sales, as well as gold prices, I am obviously not the only one that feels this way.
seekingalpha.com/article/188258-natural-gas-transportation-why-not