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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 12 4:00 PM EST

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To: bobby beara who wrote (79599)	7/6/2001 11:06:18 PM
From: American Spirit	Read Replies (2) of 99985

Bobby, only 3 months ago Cheney got up in front of the world and told us we needed 400 new power plants with relaxed pollution standards, plus we needed to drill in every conceivable wilderness area there is. Now suddenly, there is no shortage whatsoever. This goes far beyond smelling a rat. Either Cheney the energy expert was 100% wrong or he and his ole boys in Texas were stroking us very hard and shaking us down like one-armed bandits. This isn't even political this is just obvious from the looks of it. Here in California we are all talking about how the energy crisis was just a big scam. We never ever had black-outs here except a few short ones in NoCal just much-much bigger bills. Coincidence gas, natural gas and electrical power all soared at the same time? No. The energy cartel (because that's what they really are when their boys are in power and there are no regulators around) told us refineries were working at 99% and there was no way to get any more fuel to market. Even Democrat leaders parroted those "facts". We had two refinery fires here in SoCal lately but now we have excess gas supply. Well what a miracle. Meanwhile my folks down in Houston who socialize with a lot of oil types and their wives are hearing the stories. That it was all a big collusion scam to gouge us blind and at the same time punish Democratic stronghold California and its Governor. You can definitely see Cheney and friends thinking that one up and havign a huge laugh at our expense. At the same time however they also punished the rest of the world and basically robbed them blind. And all while the dot-coms are collapsing so everywhere outside Texas there's an economic blight. In my 45 years of experience I have seen several times that what's good for Texas is almost always bad for the rest of our economy. So when you put them in power this is what you get. Stay tuned for the story to become bigger and bigger. The Dems are saving it and gathering evidence for the 2002 elections. Unlike the S+L debacle the Dems are not involved at all so they can use it 100%. The biggest ripoff in our history has just taken place and many are totally complacent about it. But many aren't. And most won't be when the truth comes out. And voters will listen to this story. It's relevant to market direction just as the S+L debacle was back during Reagan's second term and Bush's first. Because who pays in the end? We all do. For the pigs at the troughs. Hoppefully though the hogs will end up getting slaughtered. Oil lobbyists are already trying to make a settlement to avoid an investigation to reimburse everyone ten cents on the dollar. They'd still be getting away with highway robbery. When lobbyists are offering money back you know they are guilty.

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