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

To: Tommaso who wrote (42030)	4/15/2005 9:05:30 PM
From: Bearcatbob	Read Replies (1) \| Respond to of 206326

I too remember the low gasoline prices - and the free glasses that came with a fillup. I remember as kid seeing the guys who pumped the gas have so much money in their pockets - I could not imagine it. What a change. I still believe that $55 oil is unsustainable and that the shares never really reflected it in their price. I did not appreciate fully the amount of mo mo players who were involved and who are now running out. I did take some money off the table with the Goldman Sacks announcement. Bob

To: Tommaso who wrote (42030)	4/15/2005 10:27:20 PM
From: MIRU	Respond to of 206326

Tom - re oil price stability/volatility, maybe it will become more volatile rather than less. If oil goes to a storage model as OPEC spare capacity evaporates it would seem to want to trade more like natural gas, with dramatic seasonal spikes intermixed with price breaks from shortfalls in demand. A sensible strategic petroleum reserve policy could smooth this out, if Washington decides that constant volatility is more of a threat than once in 100 year geopolitical crisis. I think it is expectable that Washington will be forced to appear to "do something" about the price of gasoline (God help us all) and we could even wind up with a farm program approach, although that requires a surplus as a starting point, and at that point there is (for a while) no problem. This is going to be fun. P.S I wonder how far down the DJIA would have gone this week with a $1.00 new tax on gasoline?