Stock market, and economy, at any point in time are unfathomable IMHO. Among plethora of conflicting news, it is a challenge to understand the true state of affairs. Plus majority of us are biased. A Bull is always on a lookout for good news. This blog is for Bulls- where only those news are posted which strengthen Bullish outlook. If a Bear stepped into this Bull territory by mistake, he should get out and visit a field dedicated to Bears: http://for-bears.blogspot.com
Sunday, December 20, 2009
Gas could be the cavalry in global warming fight
An unlikely source of energy has emerged to meet international demands that the United States do more to fight global warming: It's cleaner than coal, cheaper than oil and a 90-year supply is under our feet.
It's natural gas, the same fossil fuel that was in such short supply a decade ago that it was deemed unreliable. It's now being uncovered at such a rapid pace that its price is near a seven-year low. Long used to heat half the nation's homes, it's becoming the fuel of choice when building new power plants. Someday, it may win wider acceptance as a replacement for gasoline in our cars and trucks.
Gas could be the cavalry in global warming fight
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