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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (71419)	8/23/2000 2:18:12 AM
From: dfloydr	Read Replies (1) \| Respond to of 95453

Bush and Cheney have a two edged sword in their hands with oil. Yes, it is shaping up as an issue ... but ... do they dare use it? Daddy made his $ in oil did he not. How else did GWB pay for his playboy days? Dick just got given ... yes ... given ... no contract ... $20 million by the Board at Halliburton upon his resignation to take up the VP slot. How many millions did you get when you left your last job? Was that a campaign contribution, or Big Oil buying friends. The Democrats could get a lot of milage out of those friendly Republican connections. Besides, when did we ever have an "energy policy" that made sense? Did Reagan? Did Nixon? I don't think so. Most energy "policy" has been in the form of tax breaks for the rich. Oh, there was that asinine shale oil policy back in the 1970's that allowed the government to throw buckets of money away. Much good that did! Such"policy" does not buy a lot of votes .. it may get political contributions, but not a lot of votes.

To: The Ox who wrote (71419)	8/23/2000 2:20:16 AM
From: upanddown	Read Replies (1) \| Respond to of 95453

Hi Michael I expect the Republican ticket to be very quiet on energy policy. The Democrats may be hoping they bring it up. Its a vague concept difficult to explain and isn't it mostly tax policy? Two Texas oil men telling the country that Washington should have extended more tax breaks to accelerate E&P? With these pump prices and NG prices and HO prices and likely to go higher until the election? With the great majority of American voters not owning energy stocks, not living in the oil patch and generally very hostile to the oil companies? I think that would backfire badly and would leave them wide open to counter-attack. Not taking sides but JMO from a political strategy viewpoint. BWTHDIK, I predicted a big crude build today! <g> I'am wondering if I can get some of my stocks back not too much above my selling price.<g> John