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Category: Investment, Natural Gas
Broader Markets massively oversold. A buying opportunity across the board in all sectors.
By Senior Energy Industry Executive Karl W. Miller
February 4, 2010
Energy Commentary from Karl Miller - Read Bio and More info
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.
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.
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