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Proposing Real Answers To Energy Security

Financial Spread Trading It is with amusement that I read your Dec. 16 editorial, "Reality Test for Energy Plan." If "reality" is the test, it would help if you acknowledged President Bush's real energy plan. Our national energy plan was not premised, as you assert, on a short-term crisis; rather, it was based on a 20-year forecast of demand rising faster than supply.

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Nfl Betting Spread You also wrongly state that we have never defined "energy security." But it's clear in our plan. The best way to think about promoting energy security is the familiar concept of spreading risk. There are three ways we can do just that.

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Commodity Spread Trading First, we need a diversity of fuels. And we need a multiplicity of sources from all over the world, not just the Middle East. Second, arguing about the production of energy versus efficiency is a recipe for inaction. We need both. Third, we need to modernize our energy infrastructure. Because this system now runs at full capacity, even the slightest disruption can send prices soaring. Finally, you say we have described the proposal to open the Arctic National Wildlife Refuge to oil exploration as a measure to "give us quick national energy security." We've never said that, period. But had we acted in 1987, when the idea was first proposed, we would now enjoy the benefits that accrue when you add significant supply to a commodity market--that is, you would severely diminish anyone's ability to hold us hostage. That's energy security.

This is where spread betting can be so profitable. For every punter backing him to win, letting the bet run and losing every single time, there are spread punters out there who know that one in every three times they back O'Hern on finishing positions they will bank an average of nearly 20 times their stake, and only lose that amount one in five. You don't need to be a mathematician to see why O'Hern is a popular choice for those who spread bet.

Betting Exchange Spread Spencer Abraham
U.S. Energy Secretary
Washington, DC

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Advanced Commodity Spread Los Angeles Times - 12/23/2001

Topic: Energy

Energy industry regulator Ofgem has proposed a billion investment in the UK's energy network in order to replace old infrastructure.

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