We are living in soon to be tragic times..life changing times.
Many of us are in denial of high oil prices, reduced output and increasing consumption. We are on track for a global disaster and each of us needs to change our ways as much as we can in order to continue basic living. The cheap party is over not just for Americans but for every one. I cannot see any tunnel light on high oil prices. Wishing for it won't make it happen but keep us all in denial of the inevitable. Possibly a massive global slowdown will help stem the increase but I'm not convinced of that either.
That sounds dire I know but that is reality. The price of global oil is rising and actually that may be the best short term solution to its preservation. There is no endless supply, there is endless demand. The quicker we can transition to alternative energy, the more oil the world will have to build for all those items which come from oil... hundreds of items for our daily existence.
To this end, on the investment side, we are wise to buy and hold viable small oil, gas and coal companies at bargain basement prices. Even though some of them have had meteoric rises, its the beginning of their growth cycle. With each energy source in high demand, their value is increasing with no end in sight. It's simple, oil is declining and the other sources are the next 'oil' at least for energy needs only.
My fave source is coal. Buy small BB or PK coal companies not for a trade but as an investment. Small oil cos are on the same plane and this is where the crowd will flock to eventually as they see these stocks continue to rise in value and price.
Find your energy companies in the low low pennies and accumulate to your heart's content. Aside of investing, do something today to reduce your need for oil, gasoline, diesel, propane, etc. Every little bit helps so that our children can carry on and their children...
Enjoy the day! Get invested soon!
Mt Blanc
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