February 04, 2010 –
Stocks: CHK, DVN, EOG, APC, APA, XOM, XTO, CVX, MRO, OXY, WMB, EP, RRC
Current Obama administration still believes it can spend its way to prosperity, which is why they are now grasping at all straws, even trying to revive "Ethanol" of all failures. Now that is a true sign of desperation.
Obama does not have to say Natural Gas for it to be a winner; it already is the winner. Cap and Trade is dead, natural gas is the marginal fuel of use across the U.S.already, and natural gas is used to produce 40% of the electricity production in the largest economy of the U.S., California.
Even California has had to "come to Jesus" (pardon the analogy) realization that they simply can't afford loft, unrealistic and loss making energy projects like wind, solar, and geothermal. California is stuck on Natural Gas, and rightfully so, its clean and already doing its job to fuel the state.
Mr. Miller re-confirms his "Buy Opinion" on Natural Gas Producers, they are the future of the U.S. Energy market and are leading the way in JOBS recovery across the Country.
For reference see "Its Hard to Find a Reason Not to Like Natural Gas Right Now, a move to $7/mmbtu Looks Possible" at weblink: http://www.naturalgasstocks.com/Karl_Miller/news/2041.asp
Bottom line, every time Obama, Harry Reid, Nancy Pelosi or any of their designates speak, the market corrects 1-2% downward.