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

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To: Webster Groves who wrote (112163)	10/19/2008 11:50:30 AM
From: ChanceIs	1 Recommendation Read Replies (1) of 206207

>>>The nation needs energy and be it gas or oil or coal, it will come from somewhere regardless of government policy. <<< I guess you didn't read the fine print. Under the $750 billion "TARP" plan, Paulson secured permission not only to print money w/o oversight, but also to print oil. Sorry. Silly of me I know. Had to do it. The point??? I liked your post. Especially: nation needs energy .... you should only be concerned how you can position yourself to benefit from a perceived outcome. Hey!!! "Let us accept things as they are, and profit off the folly of the world." M. Rothschild The word I hear is that Washington is pushing carbon to the back burner. Of course they had no choice given the more pressing financial crisis. Now Obama has already come out saying he wants to classify CO2 as a pollutant. I can't say where it will end up. Nothing before 2011 I think. Apparently Feinstein loves the carbon auctions as a big new source of revenue. I just wonder if J6P will get wise to how he will be paying a big new tax through the electric company. Its so cleverly hidden you see. Your not paying a tax to the government, your are paying for that valuable electricity. And guess what??? There is no deduction in there. Ouch. Unintended consequences!?!?! We all probably use the same amount of electric - rich and poor. The electric company will not be assessing carbon credits across individual bills nor does it know or care what a customers financial status is. In the political parlance - CO2 tax will be REGRESSIVE as hell. Where does that leave me?? Natural gas is the place to be. Less CO2 per BTU. I think it is that simple. I am still holding my Peabody (BTU) although I am bruised and battered. Coal use isn't going away. The coal folks seemed to own "W." They have lots of lobbying dollars. I wonder what influence they will have with Obama. You can bet that there will be coal vice green dollars flowing in the street for the by-election in '10. I will be selling tight covering calls on BTU. The volatility is great and the wind won't be at its back for a while. Still a good story for the Australian component selling into China.

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