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

To: Kayaker who wrote (133572)	6/2/2010 12:32:15 PM
From: ChanceIs	4 Recommendations Read Replies (1) \| Respond to of 206177

>>>and use this post to insert more political views and take one more shot at Obama and Pelosi.<<< I don't really have a problem with Obama's response to the effort to stop the leak. All I know about the clean-up is what the F'ing boom lady said. If it isn't being done right than the executive bears some blame. I am on record applauding Holder's criminal investigation of BP. I have called my Congressman repeatedly asking that Tim Geithner, Hank Paulson, and the rest of that crowd be jailed. I am very big on criminal responsibility. I will have you know that "W" screwed me royally. I had taken large positions in NG fired merchant electricity production based on the future of competitive generation and the move away from coal. Clinton was prosecuting the daylights out of coal. W got in there and changed all of that, after the bets were placed and the wheel was spinning. Merchant generation got creamed and coal was given a "Get Out of Jail Free" card. Time proved my investment thesis correct but it took six years and I was long gone. "W" campaigned in 2000 on having a revamped energy policy. As I recall we hadn't had a new policy since 1972. Even with a Republican Congress, it took until 2005 to get anything through. After the 2006 election, the Democrats said, "we need to have an energy policy" and undid and lot of what the government had collectively done in the previous six years. People are now saying tht we need to produce an energy policy. Please take that as a slap against both parties and/or the entire government when it comes to energy policy. Of course I am a free market type and wonder why we need a government policy - which may in fact be the current state of affairs. If you would like to summarize what happened in the last ten years. W gave coal a break which was eventually taken away by the states. He did a little for offshore drilling, and dropped production taxes a bit. He gave us the ethanol debacle, and may have started the wind debacle. The Dems took the tax breaks away - maybe even raised oil taxes. They increased wind and other Green things enormously. Somewhere in there funky light bulbs have been crammed down out throats. Oh. We had cash for clunkers to bail out Detroit and supposedly increase the fleet fuel efficiency. I think that higher efficiency standards were crammed down Detroit's throat for the bailout. Probably a good thing.