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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (36041)	6/24/2008 5:19:23 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 217541

US Treasury's Paulson does not see evidence speculators driving oil price (this is what happen if a WS type is Treasury Secretary - cares more about GS making money and not the average citizen) CANCUN, Mexico (Thomson Financial) - High oil prices are a burden on the U.S. and world economies but there is no evidence that speculators are to blame for the run-up in oil prices to near record highs, U.S. Treasury Secretary Henry Paulson said today. "I see no evidence that it is a major factor. And I've seen a lot of evidence that there is a supply and demand issue and that inventories are becoming tighter," Paulson told a small group of news agency reporters traveling with him to the Mexican resort where he was meeting with finance ministers from the region. Pressed on the matter, Paulson said "I didn't say it wasn't a factor. I said I don't think it is a major factor and I don't think it's a driver." Asked if he believed the so-called "Enron loophole" allowing speculators to trade was already closed, Paulson declined to answer. "I think there's a series of regulatory issues that deserve study and careful consideration and we are looking at a number of these things but again the fundamental issues with energy are supply and demand," he said. Earlier in the day, the acting head of the Commodities Futures Trading Commission told Congress the exemption has already been closed but the CFTC would be looking into changing the rules regarding a separate "swaps loophole" which exempts investment banks from limits and other reporting requirements mandated for other investors. Presumptive Democratic presidential nominee Barack Obama over the weekend called for stronger regulation of the energy markets, including closing the Enron loophole named for the now-defunct Houston energy company. Paulson also declined to say whether President George Bush would veto a housing bill making its way through the Senate this week. "It's very important that we get a housing bill because we need strong regulatory oversight with regard to the GSEs Fannie Mae and Freddie Mac. That will make a significant difference in the housing market in the U.S. short term and long term," Paulson said, adding that "other parts of the legislation that are objectionable." corbett.daly@thomsonreuters.com

To: energyplay who wrote (36041)	6/28/2008 9:17:26 AM
From: elmatador	Respond to of 217541

Probable Vale's targets to buy: Xstrata Big production share of copper, coal, nickel and zinc. Less exposed to aluminum, gold, silver and lead. Favorite of: Lehman Brothers e Citigroup Anglo American World leader in gold, platinum and diamonds. Participates in coal, basic metals, industrial minerals, pulp and paper favorite of Citigroup Freeport McMoRan Main focus on copper and gold favorites of UBS e Goldman Sachs Alcoa World leader in Aluminum Norsk Hydro Aluminum and aluminum products, plus production and distribution of energy