Dirty Messy Energy
Last night I spent some time thinking about other businesses and industries I might want to be in for the long term. I do not invest based solely on trends and expectations but I do keep lists of stocks that I think will benefit from social, demographic and economic trends over the next decade. If and when they fit the definition of safe and cheap, I will gleefully buy them as I get a chance to double dip on value and anticipated growth opportunities.
I know many people who think that the alternative and green energy technologies are the place to be and I agree with them -- to a degree. However, the time and place to be in that business is still a long way away as the technology is not yet capable of providing the majority of our energy needs. At some point in the future I can see solar, biofuels, wind and other technologies covering the bulk of the energy demand, but I think that will happen in my son's lifetime, not mine. So for now, and the next two decades, I want to be in the messy, dirty, grimy energy business -- the one that digs up oil, gas and coal to meet the energy demands of the nation. Lower-cost energy form domestic sources can go a long way toward boosting out economy; at some point, our energy policy will reflect that fact....402 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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