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To: Johnny Canuck who wrote (48208)	7/3/2012 9:37:03 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 70600

Hi JC 3 years ago I invested in BEXP and KOG. The balken wells in SD would produce 1100 bpd initially but would drop 85% in a year. The dynamics may have changed as I've been out for a while. What is great news is many old wells (and fileds) are also now being fracked and producing again. I think the supply increase right now can be traced to Saudi Arabia and Russian. Our balken production only replaces the drop from Mexico. Have a great 4th. Tim

To: Johnny Canuck who wrote (48208)

7/3/2012 9:48:49 PM

From: Cogito Ergo Sum

Read Replies (1) | Respond to of 70600

wrt to the RLEs and PSNs of the world..

From: teevee	6/27/2012 2:20:59 PM
	of 3382

Does this news signal the death of coal and the bottom for natural gas? EPA carbon regulation upheld in D.C. appeals court Washington, D.C., June 27, 2012 — The Environmental Protection Agency's authority to regulate carbon dioxide as a public health hazard was upheld again June 26 by a federal appeals court. The opinion of the U.S. Court of Appeals for the District of Columbia held that the EPA's estimation of its own powers, as provided for under the Clean Air Act, is correct. According to the three-judge panel's opinion, EPA regulations could target polluters without fear of legal challenges. The decision is a win not only for the EPA, but also for environmentalist groups and the Obama administration. It represents a setback for trade groups and coal-producing states whose members of Congress have opposed more government regulation. The EPA's endangerment finding on carbon dioxide could lead to the regulation of fossil-fired power plants; vehicles including light trucks and cars; and industrial facilities. The largest single source of carbon pollution in the U.S. is the power generation sector, according to the EPA. The court also said it lacked jurisdiction to review the timing and scope of greenhouse gas regulations on stationary sources of carbon pollution, such as coal-fired power plants and other carbon-emitting facilities. This ruling clears the way for the EPA to proceed with its rulemaking process and form regulations on newly built power plants. Trade groups opposed to regulation have said these regulations will eventually lead to job losses and higher energy costs. The EPA has said that regulating harmful pollutants will save thousands of lives and prevent diseases in children and the elderly. The Supreme Court ruled in 2007 in Massachusetts vs. EPA that greenhouse gases are a harmful pollutant and thus could be regulated under the powers granted to the EPA in the Clean Air Act. In 2007, the EPA issued its endangerment finding on carbon pollution, calling greenhouse gases a danger to public health.

To: Johnny Canuck who wrote (48208)	7/4/2012 3:30:08 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70600

All the indices gapped higher last week in response to what was perceived as a short term solution to Europe's financial crises. Friday was essentially an indecision day as not one wanted o hold positions over the weekend. There was follow through on most of the indices today.; SP500 confirmed the bounce. It really needs to set a new high to get traders off the sidelines. After the employment data on Friday, we will start earnings season in earnest. I expect lots of volatility as earnings season progresses. For now the indice has a positive bias, but I would be sitting this one out till the test of the recent high to go long or short depending on the test of the high. Same comment on the DOW. It need to set a new high to get traders off the sidelines. DOW transports trying to break the range again. If it does look for leadership from this sector. Lower fuel prices may be the catalyst as long as economic activity is not perceived to be slowing too much. COMPQ breaking a very rough looking symmetric triangle. It has a shot at setting a new high because of the width of the opening of the triangle. Financial sector now through the 50 day SMA that will trigger interest in intermediate traders. Gold trading volumes a little suspect. It need to clear the resistance level just above this 1590 level to get traders interested. Energy stopping short of breaking the down trend line, but has cleared the 50 day SMA. The volume looks heavy so the move is being supported. Earnings will tell the truth so I would not be hold positions through earnings unless you really know the story and believe it long term. Sentiment is still turning on a dime; Nice strength the Russell 2000 small cap index, but on decelerating volume. Wait for a new high with confirming volume. The low volume may be due to the July 4 holiday, but we need to holiday effect to be in full force to confirm the recent move on all the indices. Natural gas broke the 200 SMA but the volume has been light. We need to see a follow through day which might be tough given that nat gas has been up 3 days in a row and it is approaching a resistance level based on volume by price. I don't like the fact the VIX dropped during this recent rally. Voltality should still be high due to the gap up. The complacency means traders are not afraid and the market needs to climb a wall of worry.