Flip "The Bird" At Big Oil
The Dynamic Wealth Report
June 8, 2010
The oil spill in the Gulf of Mexico is just disgusting. The
environmental damage being done is unfathomable… and the economic
destruction will be even worse.
You can’t escape the news.
The shorelines of the coast are being blackened. Birds are coated from
head to toe in the sludgy oil. And who knows what’s happening to the
aquatic life…
Sadly, we’ll be dealing with the fallout from this disaster for at least
a decade. And it might be longer if they can’t get a handle on this oil
well run amuck.
BP is caught in the mother of all firestorms.
Everyone from congressional leaders to soccer moms is calling for the
company CEO to step down. Analysts are voicing opinions over the payment
of dividends. Lawyers are licking their lips in anticipation of big
settlements.
It’s like a pack of hyenas circling a wounded zebra… it’s about to get
even uglier.
-------------Sponsor-------------
Where Can You Turn $300 Into $1.3 Million Right Now?
Our own small-company specialist, Robert Morris, has found a
way to 'sniff out' tiny penny stocks on the verge of a major breakout. And
the timing for this has never been better.
You see, the system takes advantage of an obscure SEC regulation that
sends penny stock prices through the roof.
We've seen some stocks gain 852%... 5,450%... even 17,496% in no time
flat.
Click here
for the details...
-----------------------------------
Worst of all, investors are questioning BP’s ability to survive. The
company made $20 billion in profits last year… and now they are on
death’s door.
Some value investors are looking at BP and wondering if it’s time to
buy. Buy and hold investors are looking at BP and wondering if it’s time
to sell. I’ve got to be honest, right now I don’t care.
I just want them to stop the leak and clean up the mess.
There’s lots of public anger brewing from this mess. I wish our leaders
in government were smart enough to channel all of this public outrage in
a good way.
One way would be to drive support for alternative energy technologies.
Seriously. Anyone thinking about the long term quickly realizes we need
to wean ourselves from dependency on oil. Like an obese person addicted
to sugar, America is addicted to oil. And that addiction is not going to
be easy to break.
But now’s a perfect time to take the first step.
Here’s my thought. Instead of channeling all of the tax revenue from oil
companies into the government coffers, let’s divert it. Our
congressional leaders have proven inept enough at spending other
people’s money. So let’s find a better way… instead of spending those
tax dollars on bank bailouts, let’s support the next generation of
energy production.
Don’t fight over offshore drilling. Focus on funding new energy devices.
Now realize, I’m in no way advocating more taxes. We pay enough already.
I’m simply calling for a better use of the taxes already collected.
We could support a cleaner, safer, more efficient nuclear reactor.
Or, maybe a better focus on geothermal energy production… or solar.
Or just maybe it means focusing on energy efficiency.
If you ask me, the US can’t focus enough on energy independence. We need
to get away from pollution-heavy fossil fuels. We need to develop new
clean energy technologies. It’s the only way we can continue our quality
of life… without destroying the environment.
I’ve seen enough alternative energy technology to know it’s possible.
All it takes is a solid commitment from government and industry to make
it reality. One of my favorite ways to play the alternative energy
market is investing in industry leading companies.
Take for example Ormat Technologies (ORA).
Ormat was recently on a list of companies trading at or near a 52-week
low. This makes no sense. Their geothermal technology has a solid future
in the production of energy. It looks like the company – who’s
leadership is based out of Israel – may have been sold off because of
recent Israeli military action.
This is an opportunity.
The company is a leader in the global development of geothermal energy.
It’s about as green as you can get. Geothermal is the use of the heat
found in the earth to produce electricity. Does it get any greener?
In the next 10 years, I can see this technology becoming even more
widespread… and Ormat will be the company of choice to provide it.
I like Ormat… and I think it’s a great way to “flip the bird” at big oil
companies who are destroying our planet.
Are IPOs dead? Of course not. Take for example the recent filing of Zipcar. It’s a company that allows people without cars to share one. You
buy a membership, then you can rent a car by the hour. It works great in
big cities… and I have friends who use Zipcar. But I believe their
target market has a natural limit.
Print
Page
Bookmark Us
Home | Whitelist Us |
Terms of Use |
Privacy Policy |
Contact Us | Security |
Site Map