Tesla (NASDAQ: TSLA) Car Fire is Irrelevant
Electric Car Fire Destroys Small Town!
Tesla stock burned by car fire!
This is what fiery Tesla Model S Death Looks Like!
Tesla's Stock Gets Burned after Car Fire
From the looks of things, you'd think one of Tesla's Model S vehicles exploded into a million pieces and burned down a small village.
At least, that's what they want you to believe...
You know the drill. An electric car catches on fire, and the whole industry is finished.
"I told you they didn't work!"
Never mind that fact that roughly 194,000 internal combustion vehicles burst into flames every year, creating roadside car-b-ques for rubberneckers and pyromaniacs.
I honestly don't get it. Why are so many folks threatened by the mere thought of people buying electric cars?
If you don't want one, don't buy one. It's not a big deal. But boy, am I tired of naysayers verbally defecating on progress. It's so un-American. It's defeatist. It's downright pathetic, and it makes us look like a nation full of knuckle-draggers and intellectually inferior cretins.
And the burden of the blame, by the way (for you ultra-liberal types) does not rest on the shoulders of Big Oil, either...
You really think Exxon gives a rat's ass about electric cars? Not a chance. Electric cars pose zero threat to the oil industry.
Hell, at its current growth rate, electric cars should make up about 2% of the total U.S. auto market by around 2023.
Truth is, while electric cars do represent the future of personal transportation, the internal combustion engine is here to stay for a very, very long time.
And don't think for a second that we're not taking full advantage.
Folks often want to know how I can promote oil and gas stocks while singing the praises of electric cars.
The answer is easy: profits.
How else do you think I'd be able to afford an $80,000 Model S to begin with?
Although I benefited quite nicely this year from Tesla (NASDAQ: TSLA) as an investment, it's consistently the oil and gas space that fattens my wallet.
My point is the oil and gas industry is not one I'll be running from any time soon — and you shouldn't, either.
In fact, thanks to a recent tip from my colleague Jason Stutman, I've recently taken a position in yet another oil and gas play, although this one is a bit more non-traditional...
Buy at the Bottom
The company is called CGG (NYSE: CGG). And while I'm not new to this company, it was Jason who pointed out a recent double bottom that's only been pressured further by the broader market. In other words, at current levels, it's a steal.
The stock's been battered a bit this year, but I believe the selling is finally starting to peter out, and I don't think a three-month $25 price target is out of the question.
CGG is an integrated geoscience company that generates the bulk of its revenue by providing the oil and gas industry with seismic data used for exploration activities. We're talking everything from software platforms and data interpretation to reservoir imaging and information management.
Now, this isn't like grabbing a few shares of a producer or pipeline player... but it's an integral piece of the oil and gas puzzle that, as the good stuff becomes harder and harder to find, becomes much more valuable.
Of course, if you want a more direct approach, you can always go straight to the producers pumping out the sweet stuff.
To a new way of life and a new generation of wealth...
@JeffSiegel on Twitter
Jeff is the founder and managing editor of Green Chip Stocks, a private investment community that capitalizes on opportunities in alternative energy, organic food markets, legal cannabis, and socially responsible investing. He has been a featured guest on Fox, CNBC, and Bloomberg Asia, and is the author of the best-selling book, Investing in Renewable Energy: Making Money on Green Chip Stocks. For more on Jeff, go to his editor's page.