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

To: Webster Groves who wrote (112163)	10/18/2008 6:01:33 PM
From: quehubo	6 Recommendations Read Replies (1) \| Respond to of 206203

If my taxes were to be increased to reduce the government debt, and I believed it so, I would not be complaining. Obama has no intention of reducing debt or the governments intrusion into our lives. His web pages are one huge example of his core belief. That government needs to transfer more from those determined to be haves to those who have less. As an investor I want to see the economic pie bigger for all, even if the gains are not equal. My thoughts are about the long term implications of providing less incentives to take care of oneself and more incentive to be dependent on the government. How about a government that we can afford now? Clearly we cant pay for the present government role. How long before Obama realizes we may only have a small % of total world reserves, but the USA could benefit from the increased development of these resources. Perhaps they could even help fund some of the green boondoggle programs he wants.

To: Webster Groves who wrote (112163)	10/18/2008 6:15:30 PM
From: Bearcatbob	1 Recommendation Respond to of 206203

"The nation needs energy and be it gas or oil or coal, it will come from somewhere regardless of government policy. As an "investor" primarily interested in your own profits, you should only be concerned how you can position yourself to benefit from a perceived outcome." Ah - the reality is it has to come from somewhere. Oil comes from wells and gasoline from refineries. These are inconvenient truths that will not go away next year. I totally agree that it is now time to profit from foolery that is on its way!

To: Webster Groves who wrote (112163)	10/19/2008 11:50:30 AM
From: ChanceIs	1 Recommendation Read Replies (1) \| Respond to of 206203

>>>The nation needs energy and be it gas or oil or coal, it will come from somewhere regardless of government policy. <<< I guess you didn't read the fine print. Under the $750 billion "TARP" plan, Paulson secured permission not only to print money w/o oversight, but also to print oil. Sorry. Silly of me I know. Had to do it. The point??? I liked your post. Especially: nation needs energy .... you should only be concerned how you can position yourself to benefit from a perceived outcome. Hey!!! "Let us accept things as they are, and profit off the folly of the world." M. Rothschild The word I hear is that Washington is pushing carbon to the back burner. Of course they had no choice given the more pressing financial crisis. Now Obama has already come out saying he wants to classify CO2 as a pollutant. I can't say where it will end up. Nothing before 2011 I think. Apparently Feinstein loves the carbon auctions as a big new source of revenue. I just wonder if J6P will get wise to how he will be paying a big new tax through the electric company. Its so cleverly hidden you see. Your not paying a tax to the government, your are paying for that valuable electricity. And guess what??? There is no deduction in there. Ouch. Unintended consequences!?!?! We all probably use the same amount of electric - rich and poor. The electric company will not be assessing carbon credits across individual bills nor does it know or care what a customers financial status is. In the political parlance - CO2 tax will be REGRESSIVE as hell. Where does that leave me?? Natural gas is the place to be. Less CO2 per BTU. I think it is that simple. I am still holding my Peabody (BTU) although I am bruised and battered. Coal use isn't going away. The coal folks seemed to own "W." They have lots of lobbying dollars. I wonder what influence they will have with Obama. You can bet that there will be coal vice green dollars flowing in the street for the by-election in '10. I will be selling tight covering calls on BTU. The volatility is great and the wind won't be at its back for a while. Still a good story for the Australian component selling into China.