Cheap natural gas means Americans can buy the equivalent of a barrel of crude for $35. That's the exciting reality that has Ron Muhlenkamp putting his investment dollars behind the next great fuel switch, this time in the transportation sector.
Energy is a required core asset with a predictable, hedgeable, and protectable value; little reliance on the “psychology” of the global or local marketplace; an inherent indifference to interest rates or public market sentiment; possessing a natural hedge against inflation; providing favorable tax treatment; and with an uncertain supply and a continually increasing demand.
investors shouldn’t assume that the recent bout of fuel-switching marks the end of king coal. For one, two consecutive colder-than-average winters in 2009-10 and 2010-11 helped eliminate the utilities’ supply overhang in the wake of the financial crisis and Great Recession.
Raser Technologies' plans to develop U.S. geothermal resources took another step forward May 9 with a groundbreaking ceremony in Beaver County, Utah - one of six western states in which the company is working to develop geothermal power plants.
The U.S. House earlier this month passed new energy legislation, including a national Renewable Energy Standard that sets the stage for what may turn out to be a dramatic, historic shift in national energy policy.