10-28-2014, 10:15 AM
I am long Lockheed-Martin (LMT), so I would love nothing more than them to find an economical way to produce fusion power.
I'm not very concerned about solar/wind taking market share from oil and gas. Without government subsidies they are not economical and even with subsidies they still take up a small portion of our power supply.
I own Cummins (CMI) for the push towards more fuel efficient and flexible fuel engines. I also think the pipeline companies (I own Kinder Morgan (KMI)) are a great play on growth in U.S. production because as the toll road for production they make money regardless of the price of oil and gas.
I also like the railroads (I own Union Pacific (UNP) and Norfolk Southern (NSC)) as they are moving more goods (crude/pipe/frac sand) for the oil and gas industry and as new manufacturing continues to expand in the U.S. due to cheap feedstock and energy prices those goods will need to be moved as well.
I'm not very concerned about solar/wind taking market share from oil and gas. Without government subsidies they are not economical and even with subsidies they still take up a small portion of our power supply.
I own Cummins (CMI) for the push towards more fuel efficient and flexible fuel engines. I also think the pipeline companies (I own Kinder Morgan (KMI)) are a great play on growth in U.S. production because as the toll road for production they make money regardless of the price of oil and gas.
I also like the railroads (I own Union Pacific (UNP) and Norfolk Southern (NSC)) as they are moving more goods (crude/pipe/frac sand) for the oil and gas industry and as new manufacturing continues to expand in the U.S. due to cheap feedstock and energy prices those goods will need to be moved as well.