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: GVTucker who wrote (99933)	4/28/2008 10:14:04 AM
From: ChanceIs	Respond to of 206124

RE: Politics and the Boom Boom Room Several thoughts: 1) I will never forget when Al Gore dumped the SPR to quench the price of crude back in Aug-Sept of '00 to buy the election. Crude had risen to the astronomical level of $27 from the basement of $10. People were howling about it. I needed a new sewer lateral on my house. Cost about $12K - outrageous. I had to time my flushes until November until my E&Ps had recovered some. Bottom line - politics is very important - especially if you trade regularly. 2) Global warming is very, very important to energy investments - regardless of whether you subscribe to the religion or not. All I have to do is cite the Arkansas judge who denied a coal plant application because of its global warming potential. Silly as it seems to me, that action will have a bullish impact in some small way on NG prices. Then there is that devil Aubrey McClendon who created hysteria in Texas regarding TXU's proposed plants. I think that Aubrey was hitting the soot and SO2 angles, but no doubt he squeezed a little GW in there. From a political viewpoint, carbon mitigation has left the station. It will happen. Question remains as to what form it will take. I heard Adam Siemenski a while back suggest to those in the audience with college age kids to send them into civil engineering - lots of pipe will get built to move that CO2 around the country to the carbon sinks. I asked an expert from the DOE's Pittsburgh lab (NE?) what the energy cost of a piping CO2 into the ground from the plant boundary. He said about 1%. GW will impact us, to be sure.