An Unsustainable Way of Life
Mar 30th, 2009 | By Byron King | Category: Oil Investment & Alternative EnergyCan you believe that winter is officially over? Wow, it was a cold couple of months. Makes you want to say, “So much for global warming.”
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Can you believe that winter is officially over? Wow, it was a cold couple of months. Makes you want to say, “So much for global warming.”
Why do I think the dollar will be toast? Because Congress is planning to spend at least one trillion dollars to (ahem) “stimulate” the economy.
It’s a recession but Byron King tells us that it is not too late for gold investing. He has been encouraging gold bugs for over ten years now. Here he explains why owning gold and silver is the safest way to weather out this economic storm.
Last year — 2008 — started out so well for the world’s energy industry. The price of oil was in the $90s and low $100s per barrel, not exorbitant.
Byron King from Whiskey and Gunpowder thinks that we’ll see huge market declines in part because of a huge drop in consumer spending. As volatility increases and faith for the U.S. dollar circles the drain, two gold companies should soar.
Crude oil has tumbled to prices not seen for five years. But Byron King says the energy industry can’t function with prices this low. Investment in the future is drying up, and so is the existing oil supply. And that’s why the long-term price trend of crude is still way up.
The Obama administration is going to spend heavily on infrastructure and clean energy projects. Byron King says that makes Trinity Industries (NYSE:TRN) and great investment. The company’s Energy Equipment Group (EEG) has expertise in manufacturing the giant wind towers upon which turbines sit. Byron says Trinity stock could almost triple by the end of 2009.
I remember back when I was learning attack planning and tactics during Navy flight school. One of the key concepts was “time on target.” That is, when there were going to be a whole lot of airplanes coming in to deliver payload, you had to get the timing down just right.
The U.S. Constitution has a Bankruptcy Clause (Article I, Section 8, Clause 4). It doesn’t have a Bailout Clause. So why are so many U.S. politicians determined to avoid companies going bankrupt? According to former bankruptcy lawyer Bryron King, not only should failed companies go into bankruptcy, as provided for in the constitution, but also Chapter 11 proceedings should be used to sort out companies that hold unstable derivatives on their books.
e price of crude oil has been falling lower and lower in recent weeks… and while that may be good when you are filling up your gas tank, the bigger picture is much more serious for the U.S. economy.