Calm Before the Storm

Today was a big day if you weren't watching CNBC.
Oil was up 4 dollars today and Natural Gas was up over 20 cents.

USA Today had a front page article about nuclear power's resurgence, but focused on safety concerns; especially from the Union of Concerned Scientists.

WSJ has an article about Saudia Arabia and their intention of transforming themselves into a basic industries powerhouse from phosphate to aluminum using the more expensive crude oil to power these plants since this is what the country has in abundance. This of course would mean less on the open market. There was a side note how the Gulf countries want to delve in deep with nuclear power but I wonder how that will play out.

Bloomberg.com had an article how the big financial institutions are looking to invest heavily in the gulf region's stock market that outpaced other global markets during this current liquidity crisis.

Mr. Rudd's election in Australia will be interesting to see if he will allow Chinese ownership of mining companies.

Exxon Mobil want to build a multi billion dollar liquid natural gas terminal on the New Jersey shore citing an anticipated shortage of natural gas.

Mayor Bloomberg's op ed in Financial Times concerning a recomitment to infrastructure projects in this country which goes back to Saudia Arabia's commitment to general industries, it takes energy!

This tells me that if one is patient and can weather the turbulent stock market, stocks in the energy arena have further to run. And a possible mania ensuing.

ROSE, IPSU, AND MGAFF