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

To: tom pope who wrote (124442)	9/25/2009 11:35:25 AM
From: jrhana	Read Replies (1) \| Respond to of 206184

Message 25967933

To: tom pope who wrote (124442)	9/25/2009 12:17:43 PM
From: ChanceIs	4 Recommendations Respond to of 206184

RE: Obama, Chu and NG That is valuable information. Thanks. Coal is in the crosshairs. We all know that. I think that Chu is an idiot - but a good fit for Obama's Peter Panesque energy dream world. Chu wants to implicitly kill nuke as manifest by his position against the Yucca Mountain facility. If the scales have been lifted from Chu's eyes all the better. I think I commented here but I will repeat. Several months ago I ran into an elderly energy trader from Morgan Stanley here in Washington. There are lots of big bank types here in Washington keeping their fingers on the policy pulse. I think we were talking about the abstracts of derivatives, energy policy and the FERC's presence in the markets. All of a sudden he blurted out - and quite tangentially to our conversation - 'Look. Just buy all of the natural gas you can!!!!' Nuf said? BTW: I am beginning to get frustrated. There used to be lots of meaningful conferences about important things like supply and demand. Now they all seem to be about the environment. I guess that in itself is significant because it means that the administration is clueless about the energy complex and thinks - quite like the Federal Reserve Board with wealth/dollars - that it can will BTUs into existence. Nothing will happen on the supply side - probably adm9inistrtive efforts will reduce supply. Some insignificant things will happen on demand side reduction. Unless of course Obama doesn't fire Geithner and Bernanke immediately to reverse the current insane approach to the financial crisis and we end up with 50% unemployment and a 70% reduction in energy consumption.