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Biotech / Medical : Biotech Valuation
CRSP 63.99+4.7%Oct 31 9:30 AM EST
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To: DewDiligence_on_SI who wrote (39312)11/2/2012 5:30:36 PM
From: Biomaven  Read Replies (2) of 52153
 
>oil and gas

I'm a great believer in regulating fracking in the short term to save fracking in the long term. There are so many fly-by-night operators that chances are that sooner or later we are going to have a BP-type screw up (on a much smaller scale of course) and have some demonstrable ground water contamination. Much better to institute some reasonable regulation now (particularly in the next year or so when pipeline and transport constraints mostly reduce the utility of more gas production anyhow) to try to prevent any disasters.

Personally I believe Obama will be willing to strike a Bowles-Simpson type deal if the House will play along. And I predict he'll also approve the Keystone pipeline too - I think he just punted on that so as to postpone any decision until after the election in a standard base-pacifying move. We'll definitely see some squawks from the left on either of those two issue if I am right. (All assuming the state polls are correct and Obama is going to be re-elected of course).

I found it interesting that what I would term the emotional temperature of this election was noticeably cooler than in 2008. Many fewer personal attacks on Obama of the Rev. Wright/Birther/Moslem variety, and of course Ryan didn't provoke anywhere near the heat as did Palin. I assume a deliberate decision by the Romney campaign to try to put a lid on the tea party folks (mostly successful, with only the occasional rape comment spilling out) and focus instead on the economy. I will say that some of the Romney ads marked a new low in truthfulness though (with the McCain quote as the prime example).

Peter
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