Earlier this year, I was invited to attend the climate talks in Durban, South Africa.
I had to decline the trip.
Although I’ve always wanted to visit South Africa and hike Table Mountain, I just couldn’t justify accepting the invitation.
You see, I’ve never believed for a second that the world could come together and commit to a legally-binding deal to reduce carbon emissions.
Quite frankly, I think the whole idea is a bit naïve.
In fact, I predict that over the next few years, these types of climate talks will essentially fizzle. It’ll eventually turn into nothing more than a dedicated group of passionate believers meeting at an off-ramp Holiday Inn conference room…
I don’t say this to be crass. But the reality is there are just too many countries reliant upon carbon-intensive technologies to ever treat these climate talks as anything more than a random pest that needs to be placated once a year.
In fact, just yesterday, Canada officially withdrew from Kyoto.
Japan, China, and the tiny nation of Tuvalu — which is essentially screwed anyway, as the effects of climate change will eventually put the island under water by 2050 — all chimed in and criticized Canada for its decision.
But none of that matters.
Because no amount of international criticism is going to stop Canada from producing its tar sands…
Which, like it or not, is a massive emitter of carbon emissions.
How Do You Live With Yourself?!
As an environmentalist, I’ve often been criticized by other environmentalists for having a defeatist attitude when it comes to climate change.
A few years ago, a reader asked me how I could live with myself because while I spoke about the environmental and economic burdens associated with our reliance on oil, I was also more than willing to invest in the black stuff.
Well, I live quite comfortably. And one of the reasons for this is that I’ve made a ton of dough in the oil game.
Look, when it comes to transportation technologies, I’m no fan of the internal combustion engine.
Although its contribution to our modern world is irrefutable, it is also outdated. And relying on vehicles that run on a finite and highly-pollutive resource does us no favors.
That being said, energy policy in the United States is dictated by special interests — not our “best interests.” And unfortunately, I can’t afford to buy a senator.
So while I don’t think it’s in our best interest to continue shelling out more than $4 billion a year in subsidies for the mature and profitable oil & gas industry, I also know that the shelf life of the internal combustion engine is nowhere near its expiration.
And because oil isn’t going to get cheaper in the future, why wouldn’t you go ahead and make a few bucks in the oil game?
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Buy the Domestic Stuff
Yesterday afternoon, it was all over the news…
The Iranian parliament’s National Security Committee announced the military was going to practice its ability to close the Gulf to shipping at the Strait of Hormuz.
Someone in our office shouted, “Rumor or Real?”
My thought: Does it matter?
Our world is so vulnerable to the slightest oil shock, it doesn’t matter if it’s a rumor or not. The threat alone is enough to move the price.
Those who played this news yesterday were able to jump in and out in a matter of minutes with a nice little profit.
Of course, few sit in front of a computer all day and monitor this stuff — but that doesn’t mean you still can’t pull in some serious oil money.
The easiest and safest way is simply to play the domestic stuff.
It’s no secret that the United States is quickly regaining its status as a major oil producer…
And every time Iran gets cocky or some other Middle East nation sends news of pipeline disruptions or geopolitical threats, those domestic operations become more and more attractive.
This is something we intend to ride for many years to come, and for everything it’s worth.
And while I will continue to support and profit from the development of our new modern energy economy, I will not hesitate to profit simultaneously from the old one.
To a new way of life and a new generation of wealth…
Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor’s page.
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