Monday, September 14, 2009

Floridians Support Offshore Drilling - So Let's Drill

A recent poll commissioned by those in favor of drilling showed that 75% of Floridians are in favor of offshore drilling when asked the open ended question, as to whether drilling should be allowed.

But . . . when asked if drilling should be allowed anywhere, those in favor dropped to 15%.

Why even bother with drilling polls. We have three options:

1 - We continue to let oil rich countries suck our bank accounts dry.

2 - We drill here and also let oil rich countries suck us dry, because we just don't have enough oil.
3 - We get serious about wind, wave, solar, burning garbage and other yet to be dreamed up alternative fuel sources.

Do you really think we have much of a choice? Unfortunately, we keep putting off the inevitable, so by the time we are forced to develop alternative fuel sources, we will not have the financial resources to do so . . . but the oil rich countries will!

So instead of giving a trillion dollars to King Henry and his Bankster Buddies, whey didn't we take half of that and develop fuel sources and half of that to rebuild America's infrastructure. The job creation alone would have heated up everything from our economy to our pissed off oil rich partners.

Let me close with a thumbs up to Florida Power & Light (FPL) our countries all around leader in alternative sources of energy from water to wind to solar.


Stock Alert - Yes, we own FPL for our clients. It's one of my favorite stocks and we've been buying it for more than 20 years. It also pays a very nice 3.5% dividend.

Great Time to Buy Real Estate? - Yes, No, Maybe. I suggest you read this piece I wrote about how to find a Great Buy and what traps to avoid - Click Here


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