For Immediate Release:
August 11, 2006
Contact: Ian Mathias 410-864-1652 imathias@agorafinancial.com 

www.dailyreckoning.com: Decaying U.S. Infrastructure Creates a New Class of Reliable Investments

Baltimore, MD:  Market expert and newsletter editor Chris Mayer is urging his readers to invest in America's crumbling infrastructure. According to Mayer, this week's fiasco at Prudhoe Bay, Alaska, is just one of many energy and utilities meltdowns destined to plague future generations. Numerous conflicts in the Middle East coupled with recent terrorist plots in the U.K. have left most investors gazing abroad, but Mayer believes the real crisis, and real opportunity, lies right under our feet.

"The shutdown at Prudhoe Bay highlights the bigger and broader menace of an ageing infrastructure," said Mayer, the author of the acclaimed financial newsletter Capital & Crisis. "The whole country is relying on pipe-works for water, gas, and oil that are grossly outdated and inadequately maintained."  

Mayer points to the U.S. reaction to the Prudhoe Bay incident as an indicator of how the country plans to deal with its ageing infrastructure. "American states and cities will be forced to either throw immense amounts of money at problems as they occur," said Mayer, "or they will have to sell off bits of their infrastructure to private enterprises."  Mayer believes that either way, organizations that specialize in refurbishing deteriorating pipelines may see rapid growth in the near future.

"Companies that provide piping repair and installation for water and oil utilities have already been quietly outperforming major blue chips for years," said Mayer. "If history is any guide, these stocks should do well even if the overall market struggles. Somehow, despite the great track record, these stocks have largely flown under Wall Street's radar."

Mayer's hopes for the future of this industry are high. "Long-term-thinking investors should look to add water and piping utilities to their portfolios."

Chris Mayer is a contributing editor to The Daily Reckoning and editor of two applauded newsletters: Capital & Crisis and Mayer's Special Situations. Mayer has been seen on FOX News' weekly "Forbes on FOX" financial show and has been featured in a variety of print and Web publications. His views on financial matters have been widely quoted, including in the highly regarded Grant's Interest Rate Observer.

A product of Agora Financial, The Daily Reckoning is written by New York Times best-selling authors, Bill Bonner and Addison Wiggin. The Daily Reckoning is a daily, free e-letter that weaves information about the financial world, investing, and everyday life into an educational and entertaining format that has been engaging readers for over seven years.

SOURCE: http://www.dailyreckoning.com 

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