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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: gamesmistress who wrote (86805)2/10/2001 10:23:24 AM
From: Tommaso  Read Replies (1) of 95453
 
I don't understand why NG-powered heat pumps (which would be 200% and more efficient in much of the US) are not available. What little heat was wasted coming out an exhaust pipe could be recovered to preheat warm water. That would bypass the electrical grid entirely and get three times as much energy out of the natural gas--and provide both heating and cooling.

I think the great energy bubble/bust of the 1980s, followed by the oil bust of 1998, has induced a post-depression mentality vis-a-vis energy stocks. That makes it a wonderful opportunity.

There will certainly be downs and ups, but to me holding energy is like was used to be called tax farming--it's a right to collect money from other people.

I admit that I was stunned by what happened to oil in 1998, but I did hold on to everything I had. Wish I had just gone longer energy instead of going short the tech bubble (which did eventually pay off, but not nearly as well as simply getting longer energy would have).
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