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Mmarrkk
257 Comments
The T. Boone Pickens Approach
GOP financial hijinks...not limited to GOP...lots of blame for all parties on that one. Take a look at the wall of shame on the FNMZ and Freddie Mac scandals.
Agreeing with BUsh: I don't agree with him on everything...I think he's dead wrong on immigration...he caved in to the Demo's and the hispanic lobby not to mention the business lobby. He didn't veto near enough spending bills and allowed spending to go out of control...he didn't fight hard enough to make the tax cuts permanent. I still think the war was right...saddam was a madman and violated UN resolution after UN resolution...just going to let him keep on? And he was genocidal. Why is genocide bad in one country but okay in another...on and on. Bottom line: I don't agree with him on everything and I'm sorely dissappointed in Bush. BUT, knowing everything that has happened and given the choice between him and Gore and/or Kerry, I'd vote for him again without a blink. The other two alternatives would have been horrible.
My financial situation has improved tremendously since he got in office. My salary is way up, my stock holdings and savings are way up, even accounting for inflation and the low dollar. I'm happy with the financial situation. Now, when they try and take the tax cuts away, we'll all be in a world of hurt.
Bottom line: I don't agree with all GOP'ers and everything they do, but I do agree with them some time. I disagree with the philosophy and the actions of all democrats. So, I despise McCain but will hold my nose and vote for him because the messiah is just a horrible choice. I philosophically disagree with all my heart on his tax policy, his health policy, his energy policy, his Iraq policy, his Iran policy, his social policy, his selection of bombers and crooks as friends, etc. I think the man is a catastrophe waiting to happen as it involves me and my family and my business and my state and my country. His voting record in the Senate bears out what he will be like as POTUS and it scares the crap out of me. McCain is a little better, but not much.
biofuels for planes...i like it as long as it isn't corn-based ethanol. no more burning food for energy. that's just stupid.
The T. Boone Pickens Approach
GOP financial hijinks...not limited to GOP...lots of blame for all parties on that one. Take a look at the wall of shame on the FNMZ and Freddie Mac scandals.
Agreeing with BUsh: I don't agree with him on everything...I think he's dead wrong on immigration...he caved in to the Demo's and the hispanic lobby not to mention the business lobby. He didn't veto near enough spending bills and allowed spending to go out of control...he didn't fight hard enough to make the tax cuts permanent. I still think the war was right...saddam was a madman and violated UN resolution after UN resolution...just going to let him keep on? And he was genocidal. Why is genocide bad in one country but okay in another...on and on. Bottom line: I don't agree with him on everything and I'm sorely dissappointed in Bush. BUT, knowing everything that has happened and given the choice between him and Gore and/or Kerry, I'd vote for him again without a blink. The other two alternatives would have been horrible.
My financial situation has improved tremendously since he got in office. My salary is way up, my stock holdings and savings are way up, even accounting for inflation and the low dollar. I'm happy with the financial situation. Now, when they try and take the tax cuts away, we'll all be in a world of hurt.
Bottom line: I don't agree with all GOP'ers and everything they do, but I do agree with them some time. I disagree with the philosophy and the actions of all democrats. So, I despise McCain but will hold my nose and vote for him because the messiah is just a horrible choice. I philosophically disagree with all my heart on his tax policy, his health policy, his energy policy, his Iraq policy, his Iran policy, his social policy, his selection of bombers and crooks as friends, etc. I think the man is a catastrophe waiting to happen as it involves me and my family and my business and my state and my country. His voting record in the Senate bears out what he will be like as POTUS and it scares the crap out of me. McCain is a little better, but not much.
biofuels for planes...i like it as long as it isn't corn-based ethanol. no more burning food for energy. that's just stupid.
The T. Boone Pickens Approach
We should look at wind but wind isn't a consistent source so it will always have to have back up, either in battery storage or alternative source (like nat gas or coal). Electric for cars/trucks/buses/trai... sounds good but for a while its going to be very expensive and the conversion of the entire infrastructure will take time. So we will have to wean ourselves off of gasoline/diesel and over to electric. But it is possible. But it will take time. A lot of people can't afford to go out and buy a new electric car. They'll wait until their old beat up gasoline car breaks down. Heck, I own TWO suburbans but won't trade one of them in 'cuz I won't get jack for it in trade and don't feel like shelling out $20,000 to $30,000 for a new car. I drive about 600 miles per month and even if I find a car that gets 40 mpg and gas is $5/gallon, that's less than $200 in savings per month. Not enough to justify spending that kind of cash.
Now, I'm sure the O-messiah will probably propose that he STEAL / CONFISCATE money from the rich and give new hybrid cars to all of the "working class" for free. So hey, maybe that's my ticket! Oh, I forgot I actually earn a salary so I won't be qualified as "working class" as per their definition. Just like I didn't get a stimulus check, Hope credits for education, deductions for IRA's, or full value for my tax exemptions or deductions. Marxists!
The T. Boone Pickens Approach
The T. Boone Pickens Approach
The T. Boone Pickens Approach
hypratt: you got a problem with oil companies returning their profit to their shareholders...the OWNERS of the companies?? How socialist of you! And do you know who these shareholders are? Pension funds, mutual funds, IRA holders, 401-k holders, etc. These folks are then free to take those profits and invest them in anything they want, including up and coming green alternative energy companies!! Nationalize oil: what a joke! You see how well Hugo's company is doing? losing production by the day. How about PEMEX? Can't find their way into production increases. I've got it: let Congress or politicians run the oil companies! Yeah, great idea. Politicians were running Fannie Mae and Freddy Mac as they went down the tubes too. Mostly Clinton ex's who padded their pockets and then falsely boosted company earnings to gain big bonuses. Same thing as Enron except they were prosecuted because they were politically connected. So yes, lets let the inept politicians run the oil companies. That will get oil to $300 really quick!!
Maybe the messiah can come up with a solution when he gets back from Europe on his campaign swing that the taxpayers are paying for. As the annointed one I'm sure he has an idea that involves taking my money and doing something with it that I don't approve of.
The T. Boone Pickens Approach
Clear: I don't think the GOP's only solution is drill. It is one part. But they are not in the leadership of the congress; still waiting on Nanci's and Harry's solution. Long term. We do agree that ALL things need to be worked. That is common ground for you and I.
And if you are counting Arnold as a republican, you are seriously mistaken. he is not a republican, regardless of what letter follows his name! But if the states don't want drilling, then that's fine. No drilling; but give them a choice. But I also think the states that do allow drilling should have the right to reap a disproportionate share of the benefits of drilling. Like an excise tax paid by all states that don't allow drilling. Or they should get disproportionate share of funds derived from drilling. I think that's being done in the OCS with royalties and fees. La, Tx and Ms are getting extra funds as they are allowing leasing.
Now if we could just get those big gas bags up in Massachewwwwsits to put some windfarms off their beautiful pristine coasts.... but no we can't have that!
Cheney's energy policy would have actually helped with some of our current problems. Had we started work in ANWAR 7 years ago, we'd be within a year or so of getting oil out, not 8-10 years from now. Economists aren't trained in Energy Policy. They are trained at making horribly inaccurate predictions! And they are good at it. Why should Economists be asked about energy policy? Do you ask your Dentist about your prostrate health?
The T. Boone Pickens Approach
Energy independence is a great thing; I just don't want it mandated by a bunch of worthless scumbags called congressmen who thwart every effort to get more domestic production. I'm all for independence, but unfortunately dirt bag Pelosi, her sidekick Reid, the chosen messiah "0" and all the other "leaders" in congress are hurting not helping. Pickens has an idea. Now lets get more of them and try them ALL! Drilling, nukes, wind, NG, oil shale, offshore northeast Atlantic, offshore Florida, offshore California. ALL of it!
The T. Boone Pickens Approach
The T. Boone Pickens Approach
My big problem with Al Gore, other than that he is a Democrat, is that he is a money sucking hypocrite. He tells us how bad we are and our carbon footprint is too big and we must do something to change, no matter the cost. But he flies in a private jet, lives in a 12,000 sq ft house and is making millions of dollars on all of the climate change hype! Mr Pot, meet Mr Kettle! What hypocrisy. But shouldn't we expect that from Mr. Gore and his ilk? That's why I refuse to put any creedence in anything he says. I just wish he'd go away. Thank God he wasn't elected back in 2000!
COP at a 6 P/E?? Man, I'm glad I'm loaded up with their stock and many of their stock options and restricted shares. CHK has 90% of this year's gas sold forward at $9 and 70% of next year's gas sold forward at $9++, yet its stock goes down when gas prices drop. That my friend makes no sense. They have virtually locked in profit regardless of what the price of gas does! Yet wall street crucifies them! These are good long term buys. and COP pays a nice little dividend and will be buying back $10 billion - with-a-B - worth of their own shares!!! And the CEO of CHK buys millions and millions of the shares of his company! Gotta like those odds!
ConocoPhillips: Why the Sell-off?
The Death of Natural Gas
Second, supply in the US is growing rapidly. Rigs are churning, Billions are being invested on nat gas drilling. Way more than oil drilling. As the economy slows, nat gas demand will slow a bit. But nat gas usage in A/C and heating won't go down. Plus our greenie weenie friends will start to push nat gas over some of the other sources.
LNG imports are way down this year as the price of nat gas in Europe and the Far East are well over $15 and so LNG is being diverted to these markets and away from the US. Last year LNG imports were around 3 BCF/day and now they are down to 1 BCF/day. This will continue as prices in the Far East and Europe don't look to come down anytime soon.
Start nibbling in nat gas stocks and the commodity. We may not be at a bottom but we are getting close. And then there's the probabliilty at some point this summer/fall we will get a Gulf of Mexico hurricane. We are lucky to have missed many of these last year and year before but odds are against us missing again this year. It doesn't take a Katrina to disrupt things.
Pennsylvania's Marcellus Shale: Welcome to America's Next Great Energy Boom
Gas Lines Coming This Fall
Pennsylvania's Marcellus Shale: Welcome to America's Next Great Energy Boom
Zman's web site rocks!