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

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To: couldawoulda who wrote (114622)	12/5/2008 11:10:53 AM
From: ChanceIs	2 Recommendations Read Replies (1) of 206347

>>>why can't we all just fix prices right across the board for commodities and currencies, and have economies function and trade off of these "guaranteed" prices.<<< I remember hearing a whole lot of b*&hing from the government and populace about the plague of high oil prices. I haven't heard any thanks or sympathy now that they have dropped. It seems that the government doesn't like low home prices and is stepping in to put in a floor. As a matter of fact, I would go as far as to say that the government was very happy to drive home prices higher. After all, 69% of families were home owners and they saw there net wealth surging. Makes life easy for those in political office. In all fairness, Obama has dropped all his hype about a windfall profits tax. Big deal. You and I know that there will be hell to pay with crude prices in a year or two. At tat point in time the oil companies will be vilified again. As for the alternative energy space, the alternative to alternative - that would be crude oil - is sure enjoying a huge advantage right now. Should dampen prospects for solar, etc. Guaranteed or fixed prices just don't work. Look at US farming.

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