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Category: Investment, Natural Gas
U.S. Independent Political Party: The Beginning of the End for Obama Administration
By Senior Energy Industry Executive Karl W. Miller
February 8, 2010
Energy Commentary from Karl Miller - Read Bio and More info
Republication of Natural Gas Commentary
The American peoples message regarding fiscal and energy policy and JOBS was delivered loud and clear to the Obama Administration at the Independent Tea Party Convention.
Mr. Miller and other energy industry executives have delivered this same message multiple times over the past year to the Obama administration, which has failed to heed the clear and concise warnings that they were taking America down a disastrous path.
For Public Interest, we are re-posting one of Mr. Miller's warnings to the Obama Administration of what was coming if they did not change course immediately.
Mr. Miller has asked to keep you updated on energy policy, market and weather matters during his medical leave and we hope to have him back soon.
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Why Natural Gas: Let's Just Keep Saying It Until Washington Gets the Message
By Senior Energy Industry Executive Karl W. Miller
As published: February 2, 2010
For public interest, senior energy executive and institutional investor Karl W. Miller, today issued the following statement through his advisors regarding consolidation in the U.S. Natural Gas Industry and the "JOBS" the natural gas sector has created and will continue to create.
Washington is clearly challenged on Natural Gas, not because they don't understand it, but because it does not fit in with their pre-determined Agenda. See weblink titled "Why Obama and The Democrats Can't Say "Natural Gas": http://www.naturalgasstocks.com/Karl_Miller/news/1283.asp.
As Mr. Miller has opined, you can't ignore the elephant in the room. And we have some big elephants in piling into the Natural Gas room. The major oil companies have "re-discovered" the U.S. Energy markets through natural gas and are on the acquisition trail in a big way. The key point to these acquisitions of natural gas producers by major oil companies is that while they would certainly accept any subsidies provided to the natural gas industry from Washington, they don’t need them to expand the industry.
Lets also get a few fact straight, natural gas is not in a state of permanent excess supply as Mr. Miller has had to correct many ill informed financial analyst and media on multiple occasions. See weblink titled "Why the U.S. Natural Gas Industry is NOT in a State of Permanent Excess Supply" at: http://www.investorideas.com/news/123009a.asp
The major oil companies all have sufficient capital and access to capital to fund their acquisitions, production expansion and most importantly, distribution, whether it be in fueling truck fleets or other uses. Even without any additional acquisitions, "rising tides floats all boats" doctrine is in place in the natural gas industry.
The pipeline companies such as Williams Company, El Paso and Kinder Morgan will toe the line when told to do so and basically construct whatever the oil companies and natural gas producers tell them to, as long as they sign a long term shipping contract to anchor any new expansions.
The public utilities commissions in each state will not get in the way of natural gas, as they are already very comfortable with natural gas as a fuel for the power plants across the U.S. and understand the basics, and have made it clear that they are "not going to approve outrageous rate increases" to pay for loss making wind and solar, on the back of a recession. Washington does not seem to get this message either.
California may be the exception, but when you are broke as a State like they are, Mr. Miller suspects they will backtrack as well, as there is no money to pay for their lofty and unrealistic energy goals, when they already produce 40% of their electricity from Natural Gas. One has to wonder who is driving the bus in California. See weblink titled "U.S. Renewable Energy: A Self-Inflicted Crisis in the Making": www.investorideas.com/News/062909c.asp
Also, lest we all forget, we already have a very comprehensive and established natural gas infrastructure, hundreds of natural gas power plants, most of which are fairly new. And finally, the more renewable energy assets we put on the ground, primarily wind and solar, the more natural gas power plants we need to construct to balance the intermittent and volatile energy output from these renewable assets.
Mr. Miller has opined on multiple occasions that natural gas demand is rising and going to become a much larger part of the overall U.S. Economy, will drive tremendous job growth, "far more than a boutique renewable energy industry", and is the cleanest fuel that the U.S. has access to in reasonable abundance, subject to construction of more pipeline distribution infrastructure throughout the Country.
Mr. Miller has made it crystal clear on multiple occasions to Washington that to ignore these compelling facts in the natural gas industry would not only be foolish, but financially costly to all investors, and as Washington has already seen, dangerous to each and every politicians political career if they fail to listen to the American people, starting with major housecleaning in the November 2010 elections. See weblink titled "Win, Lose or Draw in Massachusetts Senate Race, Washington Needs to Focus on America and Start Solving the Housing and Energy Policy Issues Now": http://www.naturalgasstocks.com/Karl_Miller/news/1201.asp
The American people want massive utility bill rate increases, and don't want to fund any additional loss making business ventures mainly a flawed renewable energy plan and government intervention into private healthcare, and certainly don't want to try and change our constitutional structure by decree of any one political party without representation.
Balance, logic, and common sense will rule, but we may have to clean house in the November elections to get to that point.
Mr. Miller provides these words of wisdom for all sides to consider from his twenty plus years in the financial and energy industry and the trenches, "fear not the messenger, but fear who he represents". Mr. Miller and the Independent Party represent the American people in this matter and they are pissed off to put it politely.
Change is coming!
Disclosure: Mr. Miller is an independent and a capitalist, and is not affiliated with any political party.
Mr. Miller is currently on Medical Leave.
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.
U.S. Utilities and Natural Gas producers are the best "Safe Haven" after U.S. Treasuries Plus You Collect a Dividend, Not Zero Percent Interest Rate" at the following link: http://www.naturalgasstocks.com/Karl_Miller/news/2046.asp
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