Isn’t there a third way, an energy policy that is both clean and market-based?
The answer is yes and it was recently articulated by John Rowe, CEO of nuclear power utility Exelon (EXC). In a March 8th speech before the American Enterprise Institute (AEI)…Rowe argued that both the Republicans in Congress and President Obama were wrong in their approach to energy policy. Specifically, the EPA should be allowed to do its job and enforce the Clean Air Act and President Obama should stop trying to grant subsidies to uneconomic power sources. The road to clean energy is staring us in the face and doesn’t need government intervention: natural gas…READ MORE.
My Take: The above piece sited is from Jim Fink of Investing Daily. Fink is basing much of his article on information conveyed to an American Enterprise Inst. audience via speaker, John Rowe. Most of the points conveyed by both Rowe and Frink I agree with. As an investor, I try to not become too heavily dependent upon government intervention for my investments to succeed. The variability of who’s in control and which 3rd parties are wielding influence can be damning for a long-term investor.
What’s important in the 2 pieces sited above is that the conversation about natural gas being a larger player in our nation’s energy strategy is happening with greater frequency. It’s a path that I believe makes a whole lot of economic, environmental and geopolitical sense. If/when more focus is put on natural gas via the Federal government, it will be a good day for investors in the resource.
The nice thing is, you don’t have to wait for the government to act. Depressed natural gas prices shouldn’t leave you thinking that you should ignore natural gas. Cheap natural gas and more expensive alternatives will lead to more energy consumers switching to natural gas systems.
Two companies that warrant your attention with high oil prices and low natural gas prices are:
Both companies provide solutions to customers looking to convert their vehicles and machinery to natural gas and other gaseous fuel systems.