Thank you sir. Here is one for you. I picked up on this investment web site 6 months ago, www.moneyandmarkets.com, and they have been spot on the current investment scenario. They put out 1 article a day free, which focuses on investing in gold, oil & gas, commodities, foreign currencies, etc. They do have a paid subscription service, which I plan to use in the future, but I don't now.
The reason I bring this up, they see much deeper problems ahead and they have predicted accurately the scenario the past 6 months. The dollar scenario, sub prime problems, oil prices etc...
We have some very complex problem to deal with in the days ahead that we, the US, are not facing. The energy crisis is real and we do not have a clue. Couple this with tree hugging and the political mess in DC, and there is not solution in site. The problem is the supply demand equation is changing away from the US and in favor of industrializing 3rd world countries, such as China, India, etc. Power houses like China, which is cash rich, and Russia, which is mineral rich, are moving to buy up any resources it can get its hands on. The world is moving to a scenario, where energy is power. Look at Venezuela with oil, Russia with NG to Europe. We are the biggest consumer, but the smallest domestic producer.
One more issues lurks, the middle east, and how about the nuclear issue with Iran, Iran sitting right on the Straits of Hormuz, and Iran's and Russia's close relationship. We are currently the power house of the world, the large consumer, but we have an umbilical cord which is tied to the middle east.
Finally, another issue is surfacing as a problem, water. Did anyone go to Atlanta to pray today for rain. Serious stuff. Many alternative energy solutions use massive amounts of water, like ethanol.
2008/09 will be wasted years with the elections. The only bill that Congress can pass in their pay raise. Talk about grid lock!
How does this fit AENP? A hot domestic Oil and Gas, JR. is an excellent, excellent place to be. If CB could show any signs of life and start to scratch the surface of GEH's forecast, we would be home free. That is what I am betting on.
AI
