| The Energy Sector Will Reignite Investor Profits | | | | election race called for American energy |
| In 2009 | | | | independence - now an impossible goal. |
| The political lack of will and action will focus | | | | As the price of oil retreated so has America's goal |
| investor attention on the profits from higher oil | | | | to create a realistic plan of action. |
| prices in 2009 and the refocus on a slow revival in | | | | The Apprentice Millionaire Program Energy |
| nuclear power and a continuing use of coal. | | | | Investment Guide for 2009 |
| A History of Political Inaction Equals Profits for | | | | If America will do little or nothing to reduce oil |
| Investors | | | | dependence , investors can do more than wring |
| The Current Plan | | | | their hands and hope for action from the new |
| The political talk of oil independence and more oil | | | | administration. |
| drilling in America is only talk. In fact low prices for | | | | A ) Oil |
| oil and uranium are discouraging supply expansion. | | | | Our watch list now highlights three large |
| The current " Picken's Plan " for America to | | | | integrated oil companies . All have the reserves |
| develop more wind power and a conversion from | | | | and production to meet the needs of the U.S. and |
| foreign oil to natural gas is laudable. However, | | | | developing nations in the next decades |
| investors should focus on the likelihood of little | | | | We are recommending ( NOTE Prices are as at |
| being done over the course of the next several | | | | December 31, 2009 ) |
| years. | | | | Exxon Mobil ( XOM) $ 79.83 |
| (The result is continued and expanded use of coal | | | | Conoco ( COP) and $ 51.80 |
| ,oil and nuclear power.) | | | | Chevron Texaco ( CHV) $ 83.97 |
| To succeed the electricity generated by wind has | | | | Our AMP 2009 forecast is for a return to oil |
| to be transmitted. The expansion planned in | | | | prices of $ 60 - $ 75 a barrel as the economy of |
| Texas and mid- America across a national grid | | | | the U.S. and the developing nations of China , India |
| has to be delivered to the large industrial and | | | | , Russia and Brazil ( BRIC) continue to grow. |
| residential centers in the U.S. eastern seaboard. | | | | The weakness of these choices is that despite |
| The current national grid cannot transmit that | | | | massive capital expenditures they are not |
| power. Few states ( i.e politicians ) have the | | | | replacing their reserves as fast as they are selling |
| national interest in mind to pay for a grid that | | | | their oil . Combined with supply short fall in Mexico |
| requires the right -of -way and infrastructure | | | | and Russia the AMP is looking at the Alberta oil |
| building though their state lands - to benefit users | | | | sands producers as a reliablesupply in a friendly |
| in other areas. | | | | political environment. |
| Even if the expansion and updating of the national | | | | Suncor Energy ( SU on NYSE) |
| grid is part of a new stimulus package a | | | | The caveat here is that oil sands require higher |
| successful expansion is years away . In the | | | | pricing to support the expensive expansion ofthe |
| meantime oil and coal producers will prosper. | | | | Suncor production . Suncor has announced delays |
| The U.S. History - " All we learn from history is | | | | to the expansion plans when oil fell to $ 40. |
| that we do not learn from history." | | | | B ) Nuclear |
| The Oil Crisis of 1973 | | | | The AMP agrees with a developing forecast of a |
| In response to the Israeli success in repulsing the | | | | nuclear renaissance. However, most of the |
| Egyptian - Syrian attack Saudi Arabia embargoed | | | | expansion of nuclear power is outside the U.S. |
| the U.S. The result was long line-ups at U.S. gas | | | | Investors have an opportunity to participate in |
| stations and alarming recognition of U.S. | | | | the revival . Uranium pricing fell over the last two |
| dependence on middle east supplies. | | | | years to $ 50 a pound but may revive when the |
| President Nixon called for greater use of coal and | | | | China plants ( two to three a year for the next |
| nuclear power - and called for American energy | | | | five years) and the European plans start to |
| independence. The result was the predictable | | | | produce . The only company we recommend is |
| political inaction and a growing dependence on | | | | Cameco ( CCJ on NYSE)$ 17.25because it has a |
| foreign oil. | | | | dominant position in production and the expansion |
| President Carter in a famous "sweater address" | | | | possibilities which junior producers cannot match . |
| almost a decade later called for Americans to turn | | | | C ) Coal |
| down their thermostats and for energy | | | | In Coal we are recommending : |
| conservation. The result was the continued | | | | Peabody ( BTU) $ 22,75 |
| inaction and a growing dependence on foreign oil. | | | | Arch Coal ( ACI) $ 16.29 |
| The Oil Crisis of 2008 | | | | As with nuclear , conservation minded |
| In 2008 oil soared to a record $ 147 a barrel. | | | | environmentalists may deplore the U.S. use of coal |
| Gasoline prices moved as high as $ 5.00 a gallon. | | | | to produce half of America's electric power - but |
| Americans were alarmed as their personal and | | | | as investors we are satisfied that there is no |
| national budgets moved offshore to the nations | | | | alternative. |
| who benefited most and liked America least. | | | | Investors must maintain a pragmatic view of the |
| Barrack Obama said that America was now | | | | absolute need for energy and the profits that |
| financing both sides of the War on Terror. | | | | flow form that need. |
| President Bush and all candidates in the 2008 | | | | |