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


To: Dennis Roth who wrote (158113)10/4/2011 11:40:33 AM
From: richardred  Read Replies (1) | Respond to of 206089
 
Thanks for the update Dennis. IMO- Near term, nothing more than a talking point for the president , but a positive development. Maybe by Jan. We will hear the desperate words "DRILL BABY DRILL"<G>. Now that would be something. Although not a apples to apples comparison. As with New York state drilling someday. At the very least, maybe the process will get started, and that eventually will lead to job creation. Right now the economy is getting a small tax cut in the way of lower gas prices at the pump. The spread is however wide between the current commodity price of gas and prices at the pump. IMO this should lead to even lower gas prices and more demand for new cars and trucks. However the saving made up by lower gas prices will be more than eaten up by losses in peoples 401-K's and IRA's. This leading to the repetitive saying we hear each election years. "It's all about the economy stupid". FWIW I've already had my own Idea this past Jan. How the President could possibly get the economy going again.
Message 27060162


FWIW I added to TC & ECA two Canadian companies today.