Bill Powers: Don’t Buy the IEA Forecast – US Energy Independence a Myth
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Jim welcomes back Bill Powers, editor of Powers Energy Investor. Bill sees the recent IEA oil forecast as unrealistic, and doesn’t see the US becoming the world’s largest energy producer by 2020. Bill is bullish on the prospects for natural gas pricing, and discusses the different ways to play energy stocks. He believes the best energy investment comes with a dividend yield. In addition, Bill has a new book coming out in 2013 with co-author Art Berman titled “Cold, Hungry and in the Dark: Exploding the Natural Gas Supply Myth”. The book argues that declining productivity combined with increasing demand will trigger a crisis that will cause natural gas prices to skyrocket, damage the economy, and have a profound impact on the lives of nearly every North American.
Bill previously published the Canadian Energy Viewpoint and US Energy Investor. Bill has studied all aspects of the energy sector with an eye towards uncovering outstanding investment opportunities. He completes both primary and secondary research to identify small to mid-sized exploration and production (E&P) firms with strong value propositions, experienced management, strong balance sheets and growing production. With alternative energy becoming an increasingly important part of the world’s energy supply, Bill also considers established and early stage alternative energy companies worldwide.