das hab ich gestern in einem amerikanischen börsenbrief gefunden, vielleicht eine erklärung für den massiven kursverfall. der markt ist im moment sehr bearisch was das öl anbelangt.
The Five Most Dangerous Investment Myths – Special Interview with ABC News Anchor John Stossel By Dr. Mark Skousen Chairman, Investment U
Dear Investment U Reader,
Last week I sat down with consumer advocate John Stossel, primetime anchor of 20/20, at ABC headquarters in New York City. John is famous for confronting Myths, Lies, and Downright Stupidity, the name of his latest book (which I’ve read cover to cover).
John is a longtime friend who speaks at my annual FreedomFest conference. He grew up in my hometown of Portland, OR, so we have a lot in common.
I asked John about the five popular “myths” investors should know about. Here’s what he had to say…
Myth #1: There is a major energy crisis, we are running out of oil, and gas prices are going through the roof.
Skousen: Is there any truth to this statement?
Stossel: That’s three myths, not one! It’s really a matter of price, isn’t it? There’s no energy crisis…
At $70 a barrel, there’s enough oil in the tar sands of Calgary in Canada alone to fuel America for 100 years. The idea that foreign oil is evil is silly because it all ends up in the same bathtub anyway. If Iran won’t sell it to us, they’ll sell it somebody who will sell it to us. And we have enormous reserves in coal. And in 50 years, with man’s amazing ingenuity, I assume we are going to have energy alternatives we can’t imagine. Gas prices a record? What idiocy! If you adjust for inflation, gas prices are cheap. In my book, I show that gas is still cheaper than bottled water or ice cream!
Skousen: Here’s a follow-up myth: The government needs to subsidize alternative energy such as ethanol, windmills, fuel cells and tar sands.
Stossel: If it’s a good idea, why do we need the government to subsidize it? The marketplace will make it happen.
Skousen: Doesn’t the government need to accelerate the research into alternative energy?
Stossel: That assumes the government and the wise elites know better than all those greedy entrepreneurs who are constantly trying to figure out a better way. In the 1970s under Jimmy Carter, the federal government wasted billions on the synfuels project. The Japanese government told Honda to stick to the motorcycle business. Government is terrible at predicting the future.
Skousen: So what’s your prediction? Will the price of oil fall, as Steve Forbes predicted in my interview six months ago?
Stossel: I’m not smart enough to be in the predicting business. Experts predicted that we were going to run out of oil in 1940, and in 1970. They’ve been wrong about peak oil again and again.
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