A few months ago, as the BP drama was in full thrust, momentum was building for natural gas as a primary source of fuel in the U.S.
At that time, I wrote an article explaining why a shift to natural gas wouldn't lower energy prices.
And as far as providing a safer source of fossil fuels, I stated that a shift to natural gas would actually cause the loss of more human lives. Please have a look at excerpts from this article.
"Washington should do all that it can to enable oil companies to harvest oil and gas so as to minimize foreign dependency. This includes a continuation of off-shore drilling.
The current oil spill should serve as a valuable lesson. With better safety and emergency response mechanisms in place, deep-oil drilling can be made safe and come will little threat of another disaster.
Finally, you should not assume a shift to natural gas would offer a safer route of energy production. Despite the most rigorous measures, mistakes will be made and accidents will occur. If in the future, as shift to natural gas is made, you should expect to see many more gas pipeline explosions on U.S. soil, taking human lives.
Already, several natural gas explosions have occurred over the past few years. Yet, they don't seem to make the headline news. I suppose journalists feel that it to be a more devastating event when fish and birds are killed rather than humans."
Last night, a gas main owned and operated by PG&E exploded in San Bruno, California, engulfing dozens of homes in flames. Thus far, 52 residents have been injured and four have died.
I think this recent catastrophe highlights my point.
It also demonstrates how most people react on impulse without carefully analyzing things.
Impulsive behavior is just as much a part of modern American society as it is political strategy. The U.S. media monopoly has conditioned people to react and respond based on emotions rather than rationale. This is also the case for most investors.
If you want to ever have a chance at becoming a great investor, you must remove emotions from your decisions.
One of the best ways to achieve this is by staying away from the media, print, broadcast and Internet. They are all the same. They offer much more detriment than benefit because they serve the agendas of their sponsors, corporate America and Washington.
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