Global Market Commentary, Analysis and Investments
Nuclear will give you, by far, the most energy for your money right now.
The best way to view this issue is in terms of what physicists call ‘energy density.’ That is, let’s measure the amount of energy stored in a given volume or mass of a certain substance or material.
[Read more...]Willie Shakespeare may have summed it up best when, borrowing the voice of King Richard III, he penned “A horse! A horse! My kingdom for a horse!”
History is replete with examples of how, but for the proverbial horse, kingdoms have been lost.
My reference point is an accident that will almost certainly lead to tragic miscalculations and havoc down the road. And, I might add, an exceptional opportunity for the patient and attentive investor.
[Read more...]On Tuesday, as part of a new documentary project we’re working on, we traveled to Boston to meet Enriquez in his office in the Prudential Center. Enriquez is a managing director of Excel Venture Management and the best-selling author of two books: As The Future Catches You and The Untied States of America.
[Read more...]Things are bad in the Gulf of Mexico. Oil is gushing out of the ill-fated BP well. The spill is out of control, despite the best – even heroic – efforts of many industry and government players. There’s no quick solution on the horizon. In my view, things are likely to get worse before they get better.
[Read more...]The recent weird action in gold, namely that its price has not risen despite every reason to rise, has people angrily writing to me and saying, “Dear Worthless Mogambo Moron (WMM), You are always telling us that we are stupid unless we own a lot of gold, silver and oil; so I bought some, just like you said to do, but they are not going straight up in a zooming price rise like I want, and so what else do you recommend so that I can make some real money, real fast, besides this gold-silver-oil loser idea of yours that ain’t doing me much good and now I am wondering who the stupid one really is? (signed) Disgruntled in Canada.”
[Read more...]According to Addison Wiggin at The 5 Minute Forecast, “Schlumberger just pulled off a super-sized acquisition of Smith Intl. In an all-stock, $11 billion transaction, SLB is now by far the world’s biggest oil service company. Should revenues stay the same, Schlumberger will be double the size of Halliburton, its closest competitor.”
[Read more...]Last month, I traveled halfway around the world to Australia and New Zealand while researching one of my favorite investment themes: the growing scarcity of resources like water, farmland, and energy.
One of the highlights of my trip was taking a group of subscribers to visit one of the world’s best resource investors – Rick Rule – at his farm outside of Auckland, New Zealand. After eating lunch, we got down to the business of the market.
[Read more...]Until just three years ago, the Marcellus was an obscure name for an obscure rock formation in the backwaters of geological research. Not anymore…
The tipping point came when Penn State professor Terry Engelder demonstrated that the Marcellus holds as much as 500 trillion cubic feet of natural gas – the equivalent of total US gas consumption for 25 years. There’s over a trillion dollars’ worth of gas down there – probably much more. Even if the estimate is off by 50% or so (and that 500 trillion cubic foot number might be on the LOW side), Marcellus is a very big resource.
[Read more...]Of course, no one knows what the price of oil will be, but there is no shortage of forecasts. Goldman Sachs says it will be $95 by the end of 2010. Deutsche Bank says $65. They are all guessing.
There is one thing we do know. And fortunately, this is the most important thing to remember as an investor in oil: The market is still pricing proved oil reserves at less than replacement cost. In other words, it is cheaper in today’s market to buy proven reserves in the stock market than to drill for new ones…
[Read more...]Copyright © 2009 - Present · All Rights Reserved · Gold Stocks Today · Contact Us
Oil’s Out…Clean Energy Is In
The International Energy Association (IEA) has spoken. What the world needs now is a clean energy technology revolution.
June saw the 2010 launch of IEA’s biannual report, Energy Technology Perspectives. Speaking at the launch was Nobuo Tanaka, executive director for IEA. The Gulf oil spill, he said, could prove to be a tipping point in the world’s energy consumption habits. He added that the disaster serves as a tragic reminder that our current path is not sustainable.
[Read more...]Click for detailed story