• 2 minutes California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 6 minutes China and India are both needing more coal and prices are now extremely high. They need maximum fossil fuel.
  • 11 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 3 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 3 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 hours Did China cherry-pick the factors that affected the economic slow-down?
  • 3 hours "Here is The Hidden $150 Trillion Agenda Behind The "Crusade" Against Climate Change" - Zero Hedge re: Bank of America REPORT
  • 3 hours Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 1 hour Two Good and Plausible Ideas about Saving Water and Redirecting it to Where it is Needed.
  • 3 days U.S. : Employers Can Buy Retirement Security for $2.64 an Hour
  • 3 days Nord Stream - US/German consultations
  • 409 days Class Act: Bet You've Never Seen A President Do This.
  • 5 days An Indian Opinion on What is Going on in China
  • 5 days "A Very Predictable Global Energy Crisis" by Irina Slav --- MUST READ
  • 2 days Forecasts for Natural Gas
  • 3 days Australia sues Neoen for lack of power from its Tesla battery
  • 5 days Storage of gas cylinders
Martin Tillier

Martin Tillier

More Info

The Case for Buying Into 2 Dying Industries

Most retail investors come to trading in their accounts by way of investing, and that can sometimes limit their view of what is an acceptable trade. There is a difference between the long-term prospects for a stock, commodity or even an industry, and its prospects for a short-term trade. You may believe, for example, that the march of history makes Tesla (TSLA)’s success and domination of the auto market extremely likely, but that doesn’t mean that you can’t short it occasionally when the market gets carried away, especially given the company’s past penchant for overpromising and underdelivering in the short term. Similarly, just because you believe that the fortunes of an industry are headed down, that doesn’t mean that you should ignore the potential for short-term gains.

That is the case right now in coal and steel. Let’s be clear, as I have said many times here in the past, I believe the coal business is going the way of buggy-whip manufacturing. It is a fuel that has past its prime, and is being replaced globally by cheaper, cleaner fuels. Steel’s future is somewhat less bleak, but U.S. companies face a huge uphill battle to compete with foreign producers who work with much lower labor costs and fewer regulations. From a long-term perspective I wouldn’t buy U.S. stocks in either industry with your money, let alone my own. That doesn’t mean, however, that stocks in those industries won’t occasionally rally…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News