November 7, 2007
The International Energy Agency released a report on Wednesday that predicted global energy demand will jump 55% over the next 23 years, with China overtaking the U.S. as the world's main energy consumer.
The question is - where will it all come from???
No one got back to me today on whether I should have sold my Vestas shares. I guess no one is reading my emails anymore. Oh well. I didn't and it was up another $3 today. So we'll see where it goes from here. If you caught First Solar today, it shot up around $40/share after the market closed. So wind, solar, water, biofuels, nuclear, infrastructure, besides oil and gas, etc. will be where fortunes are made in the future.
Since I invest so heavily in certain sectors, I have been thinking of screening out some of the promising possibilities in different sectors (outside of our closed end funds) and letting you consider them. I can add these to Income Planner. Not recommendations, but more for your awareness. Then you can decide if they are right for you to make small investments in. Would this be of interest to you?
As you know, I read, read and then read some more and I cull through dozens of newsletters that I subscribe to. I can't do the research on my own, so I have to rely on what others write up and have investigated and then decide if it's right for me. Some have done extremely well for me and I have found that the subscription costs have been repaid many times over. I will also follow up on what one subscriber asked me to do (Al, if you are reading this tonight) and compile a list of the newsletters I subscribe to. You may also want to check one of two of them out.
I hope you have a good day tomorrow and that the market treats us better than today.
Pete Lipke
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