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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: energyplay who wrote (1258)	5/16/2001 4:41:45 PM
From: jim_p	Read Replies (3) of 206336

energyplay, The energy policy will be drawn out for some time by congress. There will lots of politics involved. There are a lot of Democrats on a witch hunt and a lot of talk about price controls and wind fall profits taxes. Also FERC will be under a lot of political pressure to give the state of CA a full and fair hearing even if the facts don't support it. Based on what we heard today, it looks like there may be at lease some facts that will cause some concerns. The bottom line of all of this on top of the builds in NG and oil is it will cause uncertainty and we all know how much the market likes uncertainty. I think we will have a broad sell off on the news tomorrow of the energy policy. I suspect a lot of people who wanted to sell decided to wait until the news is out. Jim

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