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Originally Posted by bailaviborita
I would say invest. I am. Natural Resource mutual funds in no-load fund families that have a bunch of 4-5 star morning star rated funds (Vanguard?)
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I agree, Sir. The Vanguard Energy fund (VGENX) has done nicely over the years. I've also started dabbling in some of the commodity oriented ETFs - DBC, UNG and DBA being my favorites right now. The only thing wrong with them is the paperwork burden, since they are treated as limited partnerships instead of regular stocks.
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Originally Posted by bailaviborita
As for what controls prices- I think there are different forces operating long-term vs. short-term and there are also time delays and multiple feedback loops associated with oil flows and price determinants that to make a decision based on fundamentals is almost impossible.
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Entirely true. Matthew Simmons book develops the idea that we don't even have clear data from all the players, such as Saudi Arabia. The lack of clarity may be problematic at the policy level, since it becomes impossible to know if there is actually a problem.
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Originally Posted by bailaviborita
Too bad this country doesn't have a ballsy pol who makes a commitment to a "Manhattan-type" project for alternative energy.
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So true. I cannot help wondering if they would even need any particular courage. At current prices, we're sending about $400 billion to other countries each year. (
LINK ); surely some politician somewhere could use that to create a mandate for new solutions.