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

To: Fiscally Conservative who wrote (146361)	3/6/2011 4:24:16 PM
From: Dale Baker	1 Recommendation Read Replies (1) \| Respond to of 206197

So you want the energy sellers to make that money while Bob wants the US Treasury to get the money instead, and everyone is in favor of higher oil prices except when they complain about higher oil prices. That's why I don't get it. ;<)

To: Fiscally Conservative who wrote (146361)	3/6/2011 4:26:17 PM
From: ChanceIs	2 Recommendations Read Replies (2) \| Respond to of 206197

>>>one difference be that energy companies, traders, speculators and alike, will end up earning the differential dollars that would have otherwise been charged via a 'higher energy tax program' to pressure end users into alternate energies.<<< I am so glad you wrote that. I have begun to wonder if investing isn't (sadly and tragically) all about watching Washington. Case in point: few realize that while the banks are proclaiming that they have "paid TARP back" the zero interest rate policy (ZIRP) has handed them close to $1 trillion through the back door. How come?? Grandma and Grandpa used to get 4%-5% on savings accounts, CDs and the like. Now they get 0.25%. Banks lent out at say 8% and had to pay 5%, now still get their 8% (although that is shrinking as a lot of debt they won matures) but pay only 0.25%, and Grandma and Grandpa go eat Alpo. Nice huh? Of course the banks will all collapse when they have lent out at the current 4% and short term rates rise (as they must) to 5% - and the debt they bought today at 4% gets a 50% haircut when rates rise on the hyperinflation. So we argue....who gets the benefit of the new, higher crude spread, the US Treasury through a gasoline tax, or the denizens of the Boom Boom Room? Apparently this decision will be made by politicians based on political interests (as with the banks) as opposed to the long term benefit of the US economy. I have NEVER been in favor of a gasoline tax. Why?? The government will just waste the proceeds - or give it to the banks to malinvest. So there it is gals and guys. Screw earnings, reserves, leases and hedged production. Focus on what Washington will do - in each consecutive five minute segment. Let's start with Libya tomorrow morning at 8:00 AM and then the SPR at 8:05 AM.