To: Haim R. Branisteanu who wrote (37738 ) 12/9/2000 10:25:10 AM From: Roebear Read Replies (3) | Respond to of 42787 Haim, Don't take it personally, we agree on so many other things, but I must agree with L3 and disagree with you on this one. I've been watching the tape closely along with news on the "Unelection 2000" and the tape clearly responds positively to any positive Bush prospects. I am not alone in this observation, it is has been noticed by more posters on SD, I believe, than your view. As a partial explanation of this market reaction and an area I am familiar with, I wish to address US energy demand/supply and its economic implications of a Gore Presidency. I am familiar with the energy sector and believe it will have a significant economic effect over the next decade. It may explain some of the market gyrations and anti Gore market sentiment that I and others have noted. As for corporate hardship being a myth, read "The Color of Oil" for an understanding of how government intervention prolonged the oil crisis of the 70's. Our current energy situation nationwide has a lot to do with the Clinton administration energy policies (or rather lack thereof) in the late 90's, which practically resulted in the rebirth of OPEC. Currently we see that California's energy policies and regulatory morass have culminated in their NG/electricity prices today. Note this relevant post from a individual who was there:Message 14981450 Consider this as prologue for a Gore presidency, based on his stringent environmental stance and anti oil, anti mining past policy. When our Natural Gas needs in this country are analyzed, most would conclude this winter's energy problems are only a Prelude to coming years! Please go to the following free link, you may have to put your email in to register (no obligation) and then procede to the "Outlook For Natural Gas: Is A Train Wreck Pending?" link:simmonsco-intl.com OR simmonsco-intl.com Matt Simmons correctly forecast the current energy demand/supply situation when very few others saw it coming back in the days of ten dollar oil. Remember the oil glut?? In other articles available at the above link you will find some noting that despite increased drilling (currently 1000 rigs running and 80% of those are for NGas!)we are still in a depletion mode with NGas! Gore is no friend of the energy industry. His "Big Oil" statements, dusted off from the 70's gov't Crapaganda, and his actions over the last 8 years have proven that. Yet for the US to prosper in the future, there is no doubt that a lucid energy policy must be formulated and followed. We are currently suffering the consequences of an 8 year vacuum in that respect and I don't believe we can afford another 4 years of the same. If the next President of the US cannot form a realistic and effective energy policy, which I think Gore has little chance of doing, the US economy, the dollar and possibly even the peace, will be held hostage, like this election, in the future to that lack. I DO agree with Gore that alternative energy must be pursued. But I do NOT believe that these means will be sufficient to solve our energy needs over the next decade. Depletion rates in North America indicate no other avenue in the longer view, but that we need more effective exploration and production here and now just to get to 2011 and any possibilities of alternate energy adding sufficiently to our supply. I believe the energy facts rise above any partisan politics, but I also believe that Bush would have a much more effective energy policy than Gore in addressing the energy needs of the nation over the next four years. One thing is certain, the US will not overcome energy problems in the next decade by demonizing the very industry we depend on to supply that energy, as Gore has done during this campaign. Perhaps a large segment of market participants realize our economy needs energy to prosper and also are reminded of the last 8 years of failed energy policy every time they pull up to a gas pump or pay a heating bill! Best Regards, Roebear