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  • Smith & Wesson (SWHC -3.1%) and Sturm, Ruger (RGR -1.7%) trade lower with gun control legislation a major topic of political discussion following the tragic event in Connecticut. Though predictions of a gun demand rush is the knee-jerk reaction of some traders to the news gun laws could be tightened, others see the +200M firearms already in circulation and biting comments from pro-gun members of Congress as a sign the companies' fortunes could be altered. [View news story]
    There will lots of talk and little or no significant action.
    Dec 17 01:32 PM | Likes Like |Link to Comment
  • Why we love politics: "I no longer share that view," responds Energy Secretary Steven Chu when asked by a Senator about his 2008 statement saying, "We have to figure out how to boost the price of gasoline to the levels in Europe." Chu today: "Of course we don't want the price of gasoline to go up, we want it to go down."  [View news story]
    Lying politician, but I repeat myself.

    Couldn't have anything to do with the upcoming election, could it? Nah!
    Mar 14 03:17 PM | 2 Likes Like |Link to Comment
  • "We can't just drill our way to lower gas prices when we consume 20% of the world's oil," President Obama says during his weekly address. Obama took the opportunity to advocate for his "all of the above" strategy, that relies less on foreign fossil fuels, and more on: "solar, wind, natural gas, biofuels, and more."  [View news story]
    "President Obama is right."

    Big grin - Nonsense. He's clearly left!

    Seriously, though, this isn't about energy. It's about him appeasing his followers.
    Mar 11 06:44 AM | 3 Likes Like |Link to Comment