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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Brian Sullivan who wrote (1659)	7/14/2014 6:38:30 AM
From: Jerome	Read Replies (1) \| Respond to of 26838

Hi Brian.... I expect that we will see significant changes in rail road transport rules. There are already new rules for rail tank cars. (Construction and safety rules). Oil pipe line leaks are less spectacular but just as devastating to people and the environment. As I understand the situation there is an 18 month backlog for new rail oil tank cars. This trashes the notion that we need less rules and regulation from the Federal Government. The lack of Federal Regulation l can lead to catastrophic results. It appears that many want a smaller less intrusive government......but they are reluctant to identify the parts of government they want abolished. In political campaigns it always brings a few cheers, when a candidate demands the abolishment of OSHA, The EPA, IRS, and funding for Obamacare. Attacking the Federal Government for whatever....is mandatory for political survival in this soundbite atmosphere. The dumber the attack...the bigger the cheers. Since we are now exporting gasoline to China (because they lack refining capacity)....is there any reason to rush and build more pipelines? (or refineries). If China becomes dependent on American gasoline, we could end up putting a crimp in their economy by cutting off exports. (Russia/Ukraine/ Natural Gas is a similar situation)

To: Brian Sullivan who wrote (1659)	7/14/2014 11:33:21 AM
From: Jerome	Read Replies (1) \| Respond to of 26838

Hi Brian.......what was determined to be the cause of that accident? Was it human error or mechanical mal-function? Kirk mentioned that Warren Buffet had an interest in seeing that crude moved by rail, because of his financial interests in railroads. I think that all the oil company stocks are good investments for now because they are in a recovery mode, with good outlooks. Citicorp is a good stock. My only bank position is BAC, (long term hold). BAC and other bank stocks are poor covered call writes, and appreciate at a snails pace. It took two years for my initial positions in BAC to go from $8.38 a share to the current price.