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wkl

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  • T. Boone Pickens' Extremely Bullish Energy Bets [View article]
    Bobcheesedoodle,
    Our current energy policy is a simple and effective policy and nobody can come up with a better one. And it has been with us since we first discovered oil in Pennsylvannia. Find as much oil and gas as one can anywhere one can find it and drill. The only problem with our policy is the fact that it is administered by the EPA and has been hijacked by politically connected environmental groups. The same groups that are also preventing sources of alternative energy to come to fruition. For instance, yes please build a wind farm along the coast. But dammit you can't build it near Martha's Vineyard. Yes, please build a solar generating power station. But dammit you can't build it in the southwastern desert and destroy the habitat of 70 acres to the desert tortoise. Hydro electric? We love it! No wait, what about the Salmon? No one is calling anybody a communist or marxist for wanting fuel efficient cars, or responsible alternatitve energy sources. But the obstacles presented to the oil industry will also be put in front of the industries producing alternative energy by the same groups. JUST DRILL FOR THE DAMN OIL!
    Mar 1 07:41 PM | 57 Likes Like |Link to Comment
  • The End of Oil's Golden Age [View article]
    I beleive we will only reach peak oil in our lifetime when politics says we reach peak oil. The best prospective on the subject I have seen is from John Hofmeister, ex CEO of Shell Oil, from his book "Why We Hate The Oil Companies". My understanding from what I have read and heard from him is we are no way near peak oil. The reserves of oil known to the industry, including the Gulf, on American soil could rival that of the Saudis. Politics and no concrete energy policy from Washington is the real culprit to our supply. We can bitch about the price oil, but it is still the cheapest and most available energy resource we have. The wind is free, the sun is free, and yet it is still too expensive and not reliable enough to replace the energy from carbons.
    Oct 24 06:01 PM | 37 Likes Like |Link to Comment
  • Obama's Loss Is the Economy's Gain [View article]
    Scott,
    You present an interesting thesis here. Yes, the policies of Obama have given rise to the Tea Party, and will shape economic policy going forward. I also think the Tea Party has shown it's displeasure with the GOP too. For some time now, I have stopped viewing our politics in a DEM vs GOP light, and prefer to view politics as Classic Liberalism vs Social Liberalism. The Tea Party is a mix of disenchanted voters from both parties. Those who believe in the Tea Party wants the march of Social Liberalism to cease, and those who oppose the Tea Party the most are the beneficiaries of the welfare state it has envisioned. After 80 years of the failed Keynesian model of never stopping stimulus and improper taxation, Social Liberalism is choking the engine of capitalism it so desperately needs. This is the number one problem in which we find the dire situation of our individual states and local communities. Yes economist can try to micro manage the economy with monetary policy to match the fiscal policies from Congress, but states don't have that luxury. And any bailout of the states without real reform, i.e. don't promise the voters what you don't have to give, will be a failed bailout. Left with the two choices on the ballot of DEM vs GOP, I will remain with the GOP. Or a write in candidate of Adam Smith.
    Sep 6 03:55 PM | 31 Likes Like |Link to Comment
  • Investment Ideas for a Republican Win in November [View article]
    This is not an article on investing. It is nothing more than a political ad for Social Liberalism.
    Sep 12 09:24 AM | 24 Likes Like |Link to Comment
  • A Congressional report claims millions of gallons of known carcinogens were injected into wells as part of the process to withdraw natural gas from shale deposits. It's the latest health concern over hydrofracking, which has tapped untold reserves of gas, but threatens contamination of water supplies.  [View news story]
    Show me one contaminated well, or any water supply, from the last 60 years that was a result from fracking. Then lets talk. Should these wells be monitored? Yes. But these nuts prey on peoples fears to the point that they want the practice stopped.
    Apr 17 12:07 PM | 19 Likes Like |Link to Comment
  • Wall Street's curmudgeon-in-chief, Third Point's Dan Loeb, pens a letter critical of the President. A former Obama supporter, Loeb is turned off by the President's "smack downs" on successful Americans, otherwise "known as the 2%." His holiday gift for Obama's true believers: "He's Just Not That Into You."  [View news story]
    Neil459,
    See Margaret Thatcher. "The trouble with socialism is eventually you run out of other people's money."
    Dec 12 11:05 AM | 15 Likes Like |Link to Comment
  • Wall Street hopes John Boehner will offer reassurance in his NYC speech tonight that Congress will "negotiate and debate" but "when it comes down to brass tracks, they are going to raise that debt ceiling." Instead, the House Speaker appears set to demand trillions in cuts to get a debt ceiling hike, setting up a collision course with Pres. Obama and Democrats.  [View news story]
    ...And to Hollywood producers with their bullshit propaganda.
    May 9 06:56 PM | 14 Likes Like |Link to Comment
  • Is Gold's Golden Era Over? [View article]
    Gold is nothing more than a fear trade. For the last decade the world's central banker's have been net buyers of gold. During the 1990's, central bankers were net sellers of gold. Gold will not drop significantly until these bankers start selling.
    Jan 30 04:46 PM | 14 Likes Like |Link to Comment
  • Don't blame teachers and cops who pull down fat retirement checks for huge and growing unfunded pension liabilities; blame the political process that encourages governments to defer and understate costs, Ed Glaeser says. We need a compensation system "where costs are obvious and where governments pay... at the time the work is done." Otherwise, the whole country could wind up like New York or California.  [View news story]
    And, how about those who retire at 55 and live in retirement more years than worked on the public dole?
    May 25 07:24 PM | 14 Likes Like |Link to Comment
  • In a letter leaked to newspapers, Caterpillar (CAT) CEO Doug Oberhelman presses Illinois Gov. Pat Quinn to roll back recent corporate tax hikes. "I want to stay here," writes Oberhelman of the company's home state, but "I have to do what's right for Caterpillar," implying the company may shift jobs or its HQ elsewhere.
     [View news story]
    Well said, you sound like a citizen of IL as I myself am. Our state has 102 counties, Governor Quinn carried only 2 counties to win. Cook county which includes Chicago, and St. Clair county which includes East St. Louis. Fair representation? That is another issue, but it does go to the heart of Illinois politics when the two most liberal counties out of 102 can elect a governor.
    Mar 26 06:00 PM | 13 Likes Like |Link to Comment
  • The investigation of Lehman's (LEHMQ.PK) collapse has stalled, sources say, and may result in no civil or criminal charges ever being filed against the company's former execs. Regulators apparently doubt whether they can prove Lehman's accounting acrobatics violated U.S. laws.  [View news story]
    What do we really expect? It was Henry Paulson, the Treasury Secretary, that decided during a weekend meeting that Lehman Brothers would be the scapegoat to fail. This is the banking system we live under post the panic of 1907 and the creation of together, the Fed & the Internal Revenue Act of 1913. Our banking laws are written by, and for, these people. Prior to, and including the panic 1907, the rich bailed themselves out. With the creation of these two acts together in 1913, it was now the taxpayer who bailed them out. They could now continue to take extreme risks and reap the rewards, but the taxpayer would be the bill payer when the system collapsed. Of course the SEC and the Justice Department has not been able to bring about any criminal charges that will stick, none exist as the laws and accounting rules are written. And the Dodd Frank bill will do nothing to change this in the future.
    Mar 12 03:48 PM | 13 Likes Like |Link to Comment
  • Abbott, Cisco Prove the Potential Folly of Stock Picking [View article]
    It does not matter what your investment style is. Every investor buys with the anticipation of the stock rising in value, and he purchases from an investor who is convinced the value is going lower. One's time horizon must be included in the trade. Buffett's time horizon is forever, and he will wait for the market to discover the value. Cramer's time horizon is next week and cares only about market sentiment today. CNBC is a news show and cares only about the story of today.
    Jan 10 08:21 PM | 13 Likes Like |Link to Comment
  • The Fed can print money - flooding banks with liquidity in an effort to stimulate growth - but it can't buy confidence - demand for the money - George Melloan says. One thing the Fed and the government are providing plenty of these days: uncertainty.  [View news story]
    One can only hope that we are nearing the end of "social liberalism", and a return to "classic liberalism". Individual liberty, small government that is only in place to protect personal properties, and free trade.
    Aug 24 07:26 PM | 13 Likes Like |Link to Comment
  • Putting a Damper on the Big March Job Report Celebration [View article]
    I have not always agreed with this author, but I do agree with this article. He does bring up an important point, the employment to population ratio. I have argued many times that 200,000 jobs per month will not cut it. Between legal and illegal immigration, our country adds approximatley 2.3 million people to our population each year.
    Apr 3 10:32 AM | 12 Likes Like |Link to Comment
  • Obama's Loss Is the Economy's Gain [View article]
    Angel Martin,
    You may be correct. But seeing how this administration and Congress governs against the will of the people, I don't think they would have any second thoughts about passing their social agenda in a lame duck session.
    Sep 6 10:05 PM | 12 Likes Like |Link to Comment
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