Yabby,
Well I don't have a super fund so I split it between some
investment trusts and direct shares.
I have been moving slowly from general industrial to more concentration
on energy in one form or another.

I find that I don't want to spend a lot of time investigating companies
trying to untangle their reports to get to the truth so I have up to
now relied more on funds.
However with the work my does has I can get useful information as
he has access to research.
Yes, I agree with your comments re the current situation.
However my worry about the funds is that they are not looking for the
signs of peak oil. Like most people they seem to be blissfully unaware.
I went to an AGM and had the opportunity to speak with one
of the top people in that fund manager and I had to explain the
meaning of my question about peak oil. That was when I wrote the
letters.

Bazz, an article that might interest you.

http://www.businessspectator.com.au/bs.nsf/Article/INTERVIEW-David-Mills-HVUVT?OpenDocument&src=sph

Clearly David Mills and Ausra are moving ahead in leaps and bounds,
with solar thermal becoming very competitive with gas and coal
etc. The development of that kind of technology can change the
future of the whole energy market!

That is actually Australian technology, taken up and developed
by Californian venture capital.

I pondered for a long time, about why this sort of ting did not
get developed further in Australia. My conclusion is that we
lack enough seriously rich people!

Super funds, by their very nature, playing with other peoples money,
cannot afford to throw all risk to the wind and follow their instincts
and passions. Seriously rich eccentrics, accountable to nobody but
themselves, have no problem with that. That was really the case
with Mills and his backers. California is loaded with those kinds
of technology savvy billionaires.

Anyhow, its great news for energy, great news for electric cars
and great news for people who love the freedom to travel where they
want, in their own set of wheels. Its also great news for people
who enjoy airconditioning :)