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The AAII San Francisco Chapter presents...
"Investment Opportunity: The Last Two Hundred Years, and the Next Eight"
"The Coming U.S. Energy Revolution"
CEO, Independent Fidelity Investors, Inc.; Publisher, Fidelity Monitor & Insight
In some ways it seems like 1859 all over again, as oil is being discovered for the first time all over the country. Along the way, all existing assumptions about exploration, development and production constraints are fast going out the window. Even environmental concerns are fast being put to rest as regulations and analysis displace hype. This is a wonderful gift for the U.S. economy, but it’s only half the story. A similar disruption innovation is taking place for domestic fuel demand that has yet to show its full impact. But like Devon Energy and George Mitchell, the father of fracking, there is a company that has “cracked the code.” That company is Tesla Motors, and if its vehicles impact the automotive industry the way the Prius did over the last decade, it could put a significant dent in domestic liquid fuel demand. The combined impact of increased oil production and reduced fuel demand could have a big impact in coming decades. The U.S., currently the world’s biggest oil importer, is likely to become the world’s biggest fuel exporter. That has bullish implications not only for trade, but also for federal tax revenue and deficits.