Even with gasoline getting near $4 per gal there is more news about Greece than there is about the exciting Bakken oil field around N. Dakota and the Marcellus natural gas fields. There is oil flowing from N. Dakota and I just took my new positions on P&P. HES, DNR, CVE, GLNG and TOLWF (P&P not showing TOLWF yet) GLNG is transporting compressed natural gas the rest are involved heavily in the Bakken oil fields. It was fitting that CNBC would rather interview leftist George Soros in Davos, Switz. than really report on something positive in the USA. These companies picked are just a few doing business around N Dakota. Now with Iran being Iran this is the time to think about our drilling and refining of our own oil. With unemployment around 10% in the USA the Bakken fields are a game changer and these companies are well positioned. The natural gas development will take longer to unfold. Before we run all our cars and trucks on CNG the USA could replace Russia as the major supplier of CNG for Europe’s heating needs. Europe would not have to fear being shut off by Russia during the coldest part of the winter. On another note, I think there is a tech company doing really well lately called Apple, I'll see if I can find any more news on this company.
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February 22, 2012
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