If it’s good for the country, it’s good for him.

Specifically, Obama said during the 2008 campaign if offshore drilling will help lower energy costs, he would support it.  So, go ahead and send this blog posting to all your liberal/conservative friends that think Obama has shifted positions with today’s support of offshore drilling.

From the 2008 campaign trail…

http://www.cnn.com/2008/POLITICS/08/02/campaign.wrap/

More importantly, Obama has now forced republicans to support an upcoming climate bill that will lower carbon emissions across the board.  As mentioned here, there aren’t too many GOP Senators that want to be labeled as the republican that didn’t support offshore drilling.

This BccList.com posting from September 2008 explains my offshore drilling beliefs.

https://bcclist.com/2008/09/01/gulf-of-mexico-oil-rig-map/

A few years ago I mentioned on BccList.com that investors should consider buying Ford stock.  If you heeded to my advice, please paypal 10% of your earnings so that I can retire.

https://bcclist.com/2008/06/21/buy-ford/

I’m back.  This time I’m speculating – and it’s solely my point of view – that shorting coal stocks is a good idea. Specifically, a few of the largest coal manufacturer stocks such as ARLP, ANR, ACI, etc. Why?

Obama backed offshore drilling earlier today – link – in order to force republicans to vote for an upcoming climate bill.  Why force?  There’s no republican that wants to be known as the Senator who didn’t vote for offshore drilling.  The climate bill’s sole intention will be to reduce the United States’ carbon emissions.  The largest source of carbon emissions = coal companies.  With a few republican votes, a bill will pass. Great politicking by the administration.

As of 3/31/2010, Arch Coal (ACI) is trading at $23 a share, Alpha Natural Resources (ANR) is trading at $50 a share, and Alliance Resource Partner (ARLP) is trading at $42 a share. I expect at least a 10% drop from these prices within a year AFTER the climate bill passing.  You can paypal me (eventually after the bill passes) at bcclistblog@gmail.com – hahaha.