 | | Monday, October 10th, 2005 Baltimore, MD
Jackson, WY
Missoula, MT | New Energy Infrastructure |  - New Oil Refineries?
- Alaskan Gas Line to Pump 4 Bcf/d
- Storm Cat Update
- Listen to the Storm Cate Interview
| 
"If I had it all, I trade it all... for a little more."
-Unknown |
Dear Wealth Daily reader:
Despite the zeal of the environmentalist left, there's a possibly that the U.S will allow energy companies to build new oil refineries.
On Friday the House of Representatives approved a bill that encourages building new refineries.
Backers of the bill say that the recent back-to-back hurricanes stressed the serious need for new refineries.
The bill passed 212-210. Not surprisingly, not a single democrat voted for the legislation.
The bill takes a laissez-faire attitude toward the complex permits required for expanding or building refineries and allows the president to single out federal land where a refinery may be built.
And while this legislation will assist in lowering oil prices, it fails to tackle the rising cost of natural gas or deal with high prices motorists are paying at the pump.
What the bill does do, however, is allow oil companies to dodge overly strict environmental regulations.
The need for more refineries is not a new issue. However, the problem is intensified in the wake of hurricanes Katrina and Rita that shut down a dozen refineries and disrupted a fifth of the country's gasoline supplies
Prospects of the bill in the Senate are uncertain. But one representative who baked the bill said construction of a new U.S. refinery could begin within a year.
Advertisement Buy the Whole Foods of Canada for $3 a Share  - Business Edge Magazine says this organic food store stock is "well on its way to major league status"
- Sales are up 700% since 2001
- It owns 54 organic and health food stores in Canada... and wants to move into the US market
- The stock has finished every single year it's been public with a gain!
- It's up 233% this year alone!
- I think the stock is headed to $16.75!
Read my exclusive report:
[The Whole Foods of Canada]
North To Alaska State officials in Alaska are currently considering building a new major pipeline.
The state offered a contract to the three major North Slope producers, ConocoPhillips (NYSE:COP), BP (NYSE:BP) and Exxon Mobil (NYSE:XOM), to build and operate a 3,400-mile pipeline that would transport the region's vast natural gas supplies to the lower 48 states
The project would be massive. According to state and oil industry estimates, the proposed pipeline would cost at least $20 billion. It would run though western parts of Canada to the Midwest and deliver about 4 billion cubic feet per day. At current natural gas prices of close to $13/Mcf that's $52 million daily!
State officials expect the line would be in operation for decades and deliver the 35 trillion cubic feet of natural gas known to lie within the North Slope oil fields.
Alaskan officials have tried for three decades to persuade someone to buy the natural gas. High infrastructure expenses hindered the pipeline until now.
But that has changed because of the recent soaring natural gas prices.
The details of the state's contract were not disclosed. But some general terms were outlined.
They include state investment as an equity partner, provisions to expand the line so that it can deliver any new reserves of natural gas that might be discovered in the future, guaranteed access to other energy companies to ship North Slope natural gas, commitments for in-state use of the gas and commitments for in-state hiring.
If the proposition is endorsed by the companies, the contract would be subject to a public comment period of more than 30 days and would then be submitted to the legislature for approval.
Advertisement "Brilliant service. Stop selling subscriptions." That's what one member of the Daily Energy Alert recently said.
It's easy to understand why he's protective.
We made 108% on our April 5th trade in Natural Gas... after holding it for just 17 days...
And turned around and made another 88% on Natural Gas in just 28 days!
Only 900 members will be allowed to join the Daily Energy Alert:
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Storm Cat Update Anyone who owns Storm Cat Energy is certainly happy. Over the past few weeks the share price has experienced a nice rally.
Check out the chart:
Advertisement "Hi Mike. Just want to tell you that my small investment for a one year subscription to your Pure Energy Report has increased by 40 times!!!! Basically I have made about $28,000 since July. Keep up the good work."
- John A. September 22nd Even one of my competitors loves this stock, saying... "I personally plan on holding this stock AT LEAST until 2010. And I expect to keep this investment in my godchildren's accounts for the next 25 years." 
My readers have owned this stock since March and we're already up 142%.
And I just found out that there have been 10 separate insider purchases of this stock in the past 5 weeks.
Click here to see my timeline of a 142% gain in 7 months... and why the stock is going higher:
Read my exclusive report:
[PE... My New Oil Sands GIANT]
Since the beginning of July Mike's coalbed methane play has increased 88%. And since Mike first recommended the company for buy, back in early July 2004, the share price has increased and incredible 340%!!! I really don't know how he keeps doing it.
Last Monday CEOcast interviewed J. Scott Zimmerman, CEO of Storm Cat. If you'd like to listen in on that interview, just click on the link below:
- Luke Burgess
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Wealth Daily Profit Letter, Copyright (C) 2005, Angel Publishing, LLC. All rights reserved. No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer or solicitation of an offer to buy or sell securities mentioned. While we believe the sources of information to be reliable, we in no way represent or guarantee the accuracy nor the statements made herein. Neither the publisher nor the Editor are registered investments advisors. Subscribers should not view this publication as offering personalized legal or investment advice. Unauthorized reproduction of this newsletter, or its contents, by Xerography, facsimile, or any other means is illegal and punishable by law. Please note: It's not our intention to send email to anyone who doesn't want it. If you would like to remove yourself from this mailing list, please see the instructions at the bottom of this message. NOTE TO OUR READERS: Angel Publishing, LLC and Wealth Daily Profit Letter do not act as an investment advisor or advocate the purchase or sale of any security or investment. Investments recommended in this publication should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company in question. | |
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