Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dennis Roth who wrote (47975)	8/31/2005 9:26:13 AM
From: ChanceIs	Respond to of 206325

Dennis, Thank you so much for posting that. As I have said many, many times, from here on out, the most important thing to watch is the politicians. When the price caps come out, the market heads south. Soon you will hear the talk of the evil gouging oil companies. You won't hear a shred of sympathy from Chuck Schumer for BP which almost lost a g$gabuck on the Thunderhorse platform last hurricane. Did any politician argue for price floors on crude in '98 when it hit $10 and roughnecks were being laid off?? I was going to get longer today, but I will now sit and wait. The GDP weakness could soften all equities.

To: Dennis Roth who wrote (47975)	9/2/2005 9:38:21 AM
From: Dennis Roth	Read Replies (1) \| Respond to of 206325

Van Drew wants controls put on gas pricing nj.com Excerpts: "Something has to be done about the out-of-control prices drivers are paying at the pump. Government has an obligation to step in and help control the spiraling costs of gasoline," said Assemblyman Jeff Van Drew, D-Cape May. . . "Consumers are beginning to raise concerns about possible price gouging, and with justifiable cause," Van Drew said in a statement. "The gas being pumped into our cars was produced 60 to 90 days ago and cost $40 per barrel. But instead of charging drivers a fair rate for month-old (gasoline), they jack up the prices ... showing just how cold-hearted an industry they really are." Assemblyman wants to cap gasoline prices app.com Excerpt: Saying gasoline prices have risen to "almost catastrophic rates," Assemblyman Jeff Van Drew, D-Cape May, promised Thursday to introduce a bill that would make New Jersey the second state to limit wholesale gasoline prices. The proposal comes as prices in New Jersey for regular unleaded have soared above $3 per gallon. Van Drew accused oil companies of reaping huge profits while drivers shell out more and more to fill their tanks. "I believe we're virtually in a crisis situation right now," Van Drew said in a Statehouse news conference on the same day Hawaii's first-in-the-nation gas price cap took effect. "The profits of these companies have increased radically during this crisis. . . . People know intuitively that something's wrong," Van Drew said. Boston Globe OP-ED piece Big oil's bigtime looting boston.com Excerpts: In the midst of this charity, big oil looted the nation. The pumps instantly shot past $3 a gallon, with $4 a gallon well in sight. In a thinly disguised attempt to act as if it cared about the people wading in the water, Chevron has pledged $5 million to relief efforts. ExxonMobil and Shell have pledged $2 million apiece. British Petroleum and Citgo have pledged $1 million each. . . Everyone knows that Bush does not really mean what he says about price-gouging at the pump, since he just gave energy companies the bulk of $14.5 billion in tax breaks in the new energy bill. Surprise, surprise. In Bush's two elections, oil and gas companies gave Republicans 79 percent of their $61.5 million in campaign contributions, according to the Center for Responsive Politics. If Bush really meant what he said, he would call for a freeze or cap on gasoline prices,...