Pickens Plan - Away from Fossil Fuels

Famed oil man T. Boone Pickens has taken action towards the future of energy - away from oil.  Finally someone has decided to take a leadership role in the growing energy crisis. Getting the world and the United States off of fossil fuels is the challenge of our time. Pickens has debuted a web site called www.PickesPlan.com - dedicated to Alternative Energy initiatives. Specifically Natural Gas and Wind Power. Interviewed on CNBC this morning Mr. Pickens is open and willing to meeting with both presidential candidates to discuss his alternative energy ideas.

I personally want to see Solar Energy highlighted more as a way to get consumers away from the utility companies - but this is a long overdue start at addressing the issue of getting away from fossil fuel technology that is over 100 years old.

I encourage you to view and share Mr. Pickens site with everyone you know to get the word out that there are alternatives to fossil fuels. Pickens shows that one person can make a difference  - and that person is you! Again go to:  www.PickensPlan.com

Meanwhile - Bernanke and Paulson Speak

Pending home sales for the US came in surprisingly worse than expected falling 4.7%. This as Ben Bernanke and Hank Paulson both addressed the FDIC mortgage conference in Washington today.  Both officials spoke about concern of continued fallout from the housing and credit crisis. Maintaining financial infrastructure while allowing “pain”  to take it’s path. Bernanke seemed to be asking Congress for broader powers.

Euro Continues Consolidation

The US Dollar has shown some strength against the Euro and the Pound. The Canadian dollar was mixed for the New York  Session.

Fibonacci Extensions show one set of Support and Resistance ranges for the Euro - July 8, 2008.

Jerry Furst  is an active trader, educator, and Founder of Investors Education Network (IEN),He is available as a Mentor and Trading Coach to Select Clients Click Here for a Free Self Evaluation Survey.