|
Category: Investment, Natural Gas
Natural Gas Industry to Reap Benefits from Flawed Renewable Energy Plan
By Senior Energy Industry Executive Karl W. Miller
January 28, 2010
Energy Commentary from Karl Miller - Read Bio and More info
Karl W. Miller, a senior energy executive and institutional investor today issued the following statement through his advisors that the Obama administration Energy Plan is threatening the long term stability of the U.S. Energy market. The current administration is just not listening to the American people on this matter.
Obama and the Democrats are indirectly pushing the energy sector towards Natural Gas by trying to jam a flawed renewable bill, as Natural Gas is the marginal fuel. So despite the waste of billions of taxpayer dollars, the "natural gas sector will reap the benefits of this flawed initiative."
Mr. Miller supports a responsible renewable energy effort. However, Mr. Miller has increasingly expressed serious concern for the misguided direction that the Obama administration and the Democratic leadership has been taking during the last year evidenced by the proposed flawed cap-and-trade bill, called the American Clean Energy and Security Act passed by the Congress and other multi-billion dollar handouts for a renewable energy industry not equipped to manage nor deliver any meaningful results.
The Obama administration is simply not accepting reality that the U.S. Economy can't afford any more handouts to loss making enterprises, and they have no chance of passing the energy bill. They will not get a bi-partisan agreement on this, as industry executives have already drawn the line in the sand and declared it dead along with the Republican leadership.
Mr. Miller who has a long history of implementing bipartisan development plans in the U.S. Energy industry has consistently counseled the current Obama administration and other industry officials that the multi-billion dollar stimulus and cap-and-trade bill is leading to disastrous consequences for the U.S. Energy industry and will not have any meaningful effect for the re-powering and re-fueling of US power generation industry nor will it deliver sustainable efficient energy production. Billions of dollars in taxpayer capital continue to be slated for waste.
A Summary of Mr. Miller's Advice is as follows:
- Government handouts and mandates do not work -- never have and never will, in any industry.
- The energy market is currently experiencing an interim period, from which a new energy market enigma has emerged; the renewable energy boom and bust cycle.
- The timing, force, and breadth of this renewable energy boom and bust cycle will be driven by anticipation, greed, and by innovation.
- Energy supply and demand will not rationalize for many years in the future, and it is likely, that at that time dependable base load demand will again significantly overshoot supply.
- There will again be energy shortages, increased fuel price volatility, and a marked need for new power generation, primarily natural gas due to its moderate construction time, proven efficiency and security of fuel supply.
- The length of time-between now and when the need will again become evident-corresponds roughly to the design and construction stages of nuclear and large coal fired plants. Those plants, once in place and with their lower generation costs, will be very well placed to participate profitably in the energy markets.
- This is the opportunity before the energy industry today: to face the boom and bust cycle head on, with considered and careful strategic planning, as the industry moves into yet another era.
Given the extremely poor state of the U.S. Economy and flawed economics of the renewable energy sector, there will be hundreds of distressed energy projects and companies for disciplined investors to pursue, as history has clearly demonstrated.
To view Mr. Miller's Full report: U.S. Renewable Energy: A Self Inflicted Crisis in the Making go to: www.investorideas.com/News/062909c.asp
Mr. Millers Office
About the Author:
Mr. Miller is a globally recognized energy executive and institutional investor with a balance of both financial and energy sector expertise. Mr. Miller began his career on Wall Street during the 1980s and has an extensive background in banking, commodities trading and risk management.
Mr. Miller is acclaimed for multiple ground breaking market calls and investments, including the U.K switching from a net gas exporter to a net gas importer in 2000, called the California energy crisis in 2001, called the Ethanol and Bio diesel boom and bust in 2007, called the renewable energy boom and bust cycle underway in 2008, and most recently called the revival of natural gas in the United States in 2009.
Mr. Miller has a long history in the global energy business and has held a variety of executive management positions both within the United States, Europe and Asia. Mr. Miller has bid on over $25 billion in energy related assets during his career.
Mr. Miller has built, restructured and managed energy businesses for major public energy companies on several continents, including PG&E Corporation, Electricitie de France, El Paso Energy, Enron Corporation and JPMorgan Chase.
Mr. Miller holds an MBA in Finance from the Kenan-Flagler Business School at The University of North Carolina, Chapel Hill. Mr. Miller also holds a B.A. in Accounting from Catholic University located in Washington DC.
Disclaimer:
This column, Energy Commentary from Karl Miller, is the opinion of Karl Miller.
Content found in the articles is subject to the terms found in the InvestorIdeas.com disclaimer and does not represent a recommendation of investment advice. Investors should seek the advice of a qualified investment professional prior to making any investment decisions.
Published at the Investor Ideas Newswire
Investors: Sign up for free newsletter, stock and sector news alerts at Investorideas.com - Or publish your own stock picks and share your investing and trading ideas with other investors. Publish your investor ideas today!
Investorideas.com goal for 2010: 'One Million Members Stronger', empowering one million investors to invest in innovation and technology for a better world. Join us today!
Disclaimer: The following news is paid for and /or published as information only for our readers. Investorideas.com is a third party publisher of news and research .Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
|
