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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (1104)	1/31/2006 11:00:39 AM
From: jbois28	Respond to of 50176

Slider loved your analysis, good to hear from you. The only thing I take exception to is: Peter Lynch was the Fidelity guy while Micheal Price took over the Mutual Shares business, both were exceptional traders. Hope you stick around and help us through the mist.. JB

To: SliderOnTheBlack who wrote (1104)	1/31/2006 6:49:51 PM
From: Clappy	Respond to of 50176

Slider, Your Enron/Peak Oil rant was excellent. You are a brilliant writer. Nice work. -Clapper

To: SliderOnTheBlack who wrote (1104)	2/3/2006 2:18:40 PM
From: ChanceIs	Read Replies (1) \| Respond to of 50176

>>>"Peak Oil" scam is...as it is merely an extension of what Enron had shown could be done to the 7th largest economy in the world<<< Sorry, I don't think peak oil is a scam, but as Matt Simmons has said so often, we won't know it until we see it in the rear view mirror. Today its hard to say who is right and who is wrong. In the scheme of things, Enron was a pipsqueak - a Long Term Capital wanna-be. California got hosed because it didn't build a power plant in thirty years, preferring instead to spend its seed corn on welfare benefits. There was a drought, a hot summer, a cold winter, and a natural gas shortage which resulted from $1.80 NG in 1998. The crisis was cast in concrete in 1998. Most knowledgeable people agree that Enron simply didn't have the size to manipulate the California markets. Pointing to the PacNW drought, Ken Lay told Gray Davis and Loretta Lynch to get long power in the summer of '00. California preferred to maximize its profits by staying in the spot market for power. A big mistake. Is anyone to believe that Enron could manipulate the world's 7th largest economy??? California shot itself in the foot, and that is all there is to it. As an amateur investor, I saw the NG crisis coming in '98. All you had to do was spend an hour a day between Matt Simmons' and the Strictly Drilling websites (and actually listening to you Slider). I started buying PTEN and CHK like crazy and did very well. How is it that an amateur could outsmart the professional managers in California??? Slider don't tell me that you were surprised by the Cali crisis. You must have made a fortune from '98 to '00. Either of us could have been put in charge inCali, bought NG and power futures, and the meltdown never would have happened. Ken Lay belongs in jail for playing piddly games with Merrill-Lynch swapping barges and defrauding the public via misstated earnings. California put an electricity price cap on after the fact. Neither of us would want to own a company which didn't sell its California generated power out to Nevada and back in at market prices. It was the legal and moral thing to do. California is horrible. They signed $40 billion in contracts in early '01, and then a year later tried to renege on them. They went to the 9th circuit and lost. They went to FERC and lost. They went back to the 9th circuit, and then the US Supreme Court and lost. Now that natural gas is inevitably through the roof, Calpine's contracts with the state are way under water. Calpine of course filed bankruptcy in December. Guess what. Suddenly those contracts which California was trying to break for four years are suddenly very favorable to California, and California is trying to enforce tham before FERC. Enron didn't do anything wrong in California. Ken Lay belongs in jail, and California needs complete replacement of its mid-level management. They already took care of senior level management.

To: SliderOnTheBlack who wrote (1104)	2/4/2006 12:28:42 AM
From: Carpe per Diem	Read Replies (2) \| Respond to of 50176

Slider, I couldn't disagree with you more; Crude Oil inventory and supply levels -- also into the face of the refilling the US Strategic Petroleum Reserves and the direct hit of Hurricaines Rita & Katrina remain at levels supporting prices exponentially lower than today's Peak-Oil Charade & Speculator Induced levels Thank Europe for refilling US reserves. Iraq is not about oil, perhaps its the US vs. the UN Submitted to congress September 2002 The National Security Strategy of the United States The United States will not hesitate to strike preemptively against its enemies, and will never again allow its military supremacy to be challenged . If you understand the UN charter, you will realize what a huge shot across the bow this is. 9/11, as tragic as it was, opened an unexpected crack for powers within to assert US destiny and undermine the UN. Bush is no doubt in the clutches of big oil, but to assert Iraq is about Big Oil is missing the wider picture. Maybe Iraq is the first step to cement US as the world's policeman....damn the UN. re: peak oil, the Kuwait Oil Company just revealed its Burgan field is exhausted and past peak output, the world's 2nd largest oilfield. Official country reserves have been slashed in half....who's next? maybe, just maybe Simmons is not an idiot. Rinks