Lewis J. Walker, Free Market News Network
Let’s accept the idea that the era of cheap oil may be over. But also accept Austin Kiplinger’s premise (see last week’s Crier column) that the problem itself- the U.S. seen as held hostage to rising global energy demand and unreliable sources - suggests new trends. As an investor, you may wish to consider wealth-preservation and growth strategies within energy independence trends.

With high oil and gas prices, companies that are developing alternative technologies are being chased as investment opportunities.

... The trend toward “green” is more than economic. It is a fundamental premise in the War on Terror, a factor in national security. Money is in motion across a wide array of fronts. Myths of impending doom serve a purpose in spurring progress, as Austin Kiplinger recognized. The lesson of the last 200 years is that the future has always proven to be brighter than the naysayers would have people believe. The difference today is that technological progress comes at us faster and faster. Yes, creative destruction is a brutal reality that, too, must be dealt with individually relative to career decisions.

“Peak oil” is not a disaster in the making. It is a major opportunity.
Full Article:

Peak oil fears and hype, part 2

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