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To: rolatzi who wrote (85126)1/23/2001 2:09:06 PM
From: Big Dog  Read Replies (1) | Respond to of 95453
 
I think KEG earnings come out in the morning...does anyone know?

Looks like I sold my trading position a little early today...but profit is good. PKD is lagging and ready to rock...

You out there Frank?

big



To: rolatzi who wrote (85126)1/23/2001 2:27:24 PM
From: kodiak_bull  Read Replies (2) | Respond to of 95453
 
Rolatzi,

You wrote, "The good people everywhere else in this nation are paying the increased price for energy without complaining and asking the for either a price fix, a subsidy or a bail out. The people in the north east and the midwest pay huge amounts of money each year to heat their homes. We must all share our burden of the bad energy planning that we have had for the last 8 years or more."

Yes, I couldn't agree with you more. My personal limitation on the "bail out" would be a federal credit enhancement or guarantee on State of California issued bonds. Only if those bonds went into default (not gonna happen) would the Fed be on the hook. Believe me, if we get to the point where California is in default, a little federal full faith and credit on those bonds is going to be a mosquito bite on the butt of a bull elephant compared to all the other problems we'd be feeling. We'd be in a world of hurt.

At the theoretical cost of a federal guarantee (which should make the bonds more saleable and the interest rate lower) we could head off the repercussions of this state manufactured disaster.

Kb



To: rolatzi who wrote (85126)1/23/2001 4:40:03 PM
From: The Ox  Respond to of 95453
 
The good people everywhere else in this nation are paying the increased price for energy without complaining...

Actually, people all across the country are strongly voicing their displeasure with the rise in NG/energy prices. Most folks are just finding out how high these bills are and most folks haven't been following the industry so they are shocked at the increases they are paying. I've read a number of editorial letters to newspaper that show just how many still don't have a clue about what's going on in this country. (very similar to most folks in CA...they were told to turn off Xmas lights, conserve energy because things were only going to get worse... but did they?!?!.....)