Fiction becomes Truth
August 31st, 2005 by BWV
Wow ! Usually the movie comes after !
The writers at Fox could not have been more timely with their — at the time — seemingly over-the-top “mockumentary” this past June, Oil Storm. The 2 hour drama(tization) portrays an oil-dependent America that suffers a multi-year gasoline price spike as a result of a hurricane taking out refinery capacity in Texas and Louisiana. In both the movie and reality, our real problem is less a shortage of crude oil than a shortage of refining capacity.
Here’s a link to some discussion of the flick, with comparisons made to our current situation with that horrific bitch Katrina.
I have several thoughts on the issue, and will be back to post them tonight.
For now, let’s just say I’m intensely bullish on the Oil Refinery Engineering/Construction companies and have established positions in several stocks in that sector. Only insiders really know which will do better than others, so I’m making a “field bet” of sorts. From here, I’ll cut losers short & let winners run, allowing the market itself to sort out the wheat from the chaff. For now, they’re all running.
Tonight I’ll discuss a few other sectors and stocks that look promising, some of which I’m in already, and some that I’m waiting on better chart setups.
Long FWLT, ENG, URS, TKP, JEC
