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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: whitepine who wrote (26522)	10/21/2003 7:41:06 AM
From: John Carragher	Read Replies (1) \| Respond to of 206325

The states mandate that ethanol be in the gasoline.. These people have no alternative but buy this gas... Let's take away the 5.1 cents per gallon gift by the federal gov. and leave the choice of purchase at the pump. Retailers can decide if they wish to buy ethanol to support farmers and Arthur DAniels? or put the money in their pocket for purchases of food or clothing.

To: whitepine who wrote (26522)	10/21/2003 7:44:49 AM
From: John Carragher	Respond to of 206325

xto earning announced. from yahoo message board.. ceo on cnbc this morning. Third quarter earnings $.56 exclude CRT distributions; earnings were $.49 !!!!! Outstanding quarter.... Estimate was for $.44. $.05 over estimates And as anticipated, XTO updated the hedging positions. Additional 23 billion cubic feet of NG production from October '03 thru '05 at prices ranging from $5 to $5.50.

To: whitepine who wrote (26522)	10/21/2003 11:55:30 PM
From: Webster Groves	Respond to of 206325

<Second, if the US creates its own energy independence via coal, ethanol, solar, etc., how would the increase in price of petrol feed stocks affect US chemical and plastics production? Would these industries lose to foreign competition that could use cheaper sources (ME oil)?> Traditionally tariffs have been used worldwide to protect domestic industries from foreign competition. Of course this leads to higher prices for the domestic product, so people buy more or less of it depending on its importance to them. In a true global market, all goods are produced by the lowest cost producer. These goods are then sold to people who like a cheaper price. As domestic manufacturing decreases, fewer people have higher paying jobs so they have less to spend. The less you have the more important that low cost import seems. Eventually taken to its natural conclusion, everybody worldwide has the same standard of living, aside from the tax differential. This means that China, with more people, will eventually have most of the dollars. Under that circumstance it will be very difficult for President Bush to guarantee that the US military is second to none. Like it or not, it's coming. -wg