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

To: Telemarker who wrote (74047)	9/21/2000 9:09:42 AM
From: Think4Yourself	Respond to of 95453

Industry exec blasts plans for oil reserve chron.com ... Exxon Mobil's Simon refused to tell lawmakers where he thinks oil and home heating oil prices are heading now. "We do not take a position on prices," Simon said. "We do not take steps in anticipation of price moves one way or another." Snapped Rep. John McHugh, R-N.Y.: "It's hard to believe your stock is doing so well." ...

To: Telemarker who wrote (74047)	9/21/2000 11:10:47 AM
From: isopatch	Read Replies (2) \| Respond to of 95453

That's one of the reasons for my EEE and TESOF positions. Have not sold a share of either in spite of my recent concerns about ST patch weakness. Finished my EEE position in July and early August and Bot TESOF a few wks later(3rd time in TESOF since this up cycle began). So I agree 100% that owning some good Canadian patcher stocks is an excellent way to hedge against the latest wave of emerging political stupidity in this country. Also bot some LOILY not long ago as another good foreign play outside the clutches of "Son of Tony Blair"<G>. Isopatch

To: Telemarker who wrote (74047)	9/23/2000 3:09:48 AM
From: Douglas V. Fant	Read Replies (2) \| Respond to of 95453

Telemarker, The path of least resistance for energy stocks is still upward I believe. As to Al Gore- Just remember the historical analogy to Gaius and Tiberius Gracchus- and their role in initiating destruction of the Roman Republic's values and political system- Then look at Al Gore. "Today I am hot, tomorrow not" Today I like up,then around, tomorrow down...(Cat in the Hat)" Yup this election process is intellectually bankrupt and just a cheap bidding war for votes.... Again I repeat- Where was Mssr., Gore when 100,000 oilfield workers lost their jobs in 1998-1999? Mssr Gore's criticism of "big oil" is just a smoke screen to cover up the Cinton/Gore administration's eight-year abcesnce of any functional energy policy...That is why we are in the mess that we are in.... And by the way Al- Where is the refinery capacity to create this so-called home heating oil reserve that you just announced? The 5mm bbl releases again are just a political smokescreen and it really rankles me that something as important as a national energy policy gets tossed around and discussed in such an elction-year whimsical way.... from the wires... With gasoline prices up considerably since last year, Gore has accused oil companies of price-gouging, called for a federal investigation and tried to paint the Republican ticket as a captive of "big oil." Bush is a former oil company executive, and his running mate, Dick Cheney, served as CEO of energy services giant Halliburton Co. before joining the ticket. VIDEO Gore explains the steps he would take to lower oil prices Play video (QuickTime, Real or Windows Media) "I think it's time to stand up to the apologists for big oil," Gore said Friday. "I reject the agenda of big oil, by big oil, for big oil." Bush on Friday criticized the release of oil from the federal reserve as "a short-term political fix" to divert attention from the Clinton administration's neglect of energy issues. He noted that Gore opposed such a move last winter. "It's a bad idea because the Strategic Petroleum Reserve needs to be used in case of war or a major disruption of the energy supply," Bush said. "I believe the vice president has made this decision, with the president's support, for short-term political gain," he added. The reserve has been tapped only once, during the 1990-91 Persian Gulf crisis. Gore said dipping into it was needed because oil exporting nations have been unable to reach a promised consensus on increasing oil supplies. "We have the capacity in this country to try to do something on our own, and that's why I'm calling for this action," he said before Friday's administration announcement. Gore said his proposals -- which also include creating a home heating oil reserve for Northeastern states, which could be hardest hit by a coming winter crunch -- would bring only temporary relief. "These are short-term measures. We need to also have a long-term policy that leads us to more energy independence, so we are no longer hostage to the agenda of big oil and foreign oil," he said. He said such a policy would create new jobs developing and building new, fuel-efficient products that would employ U.S. workers and boost U.S. exports abroad.