Posted on 05/08/2008 9:35:15 PM PDT by kellynla
It is a nice thought but the EPA restrictions & permitting process still apply.
If they want to wave restrictions and permitting, that can be done for any piece of property.
I'll take that as a mere rhetorical flourish, rather than as a serious piece of advice.
I don't really believe oil is overvalued just now, given the dicey circumstances that exist throughout the world--in the Middle East, Venezuela, and Nigeria, especially. True, what goes up must eventually come down--it is an axiom that is just as applicable to stocks as to anything else--but I believe we will eventually think of $120-per-barrel oil as the good old days.
By the way, it is a small point; but your reference to my "401K" misses the mark. As I indicated in my earlier post, I no longer have such a financial instrument; it was rolled over into an IRA (the traditional variety) about 16 months ago.
;0)
Judging from the context back a couple paragraphs, I believe he is talking about natural gas.
And no, he has no clue what he is talking about using such a time frame or such a drastic change without discussing the hundreds (thousands?) of billions of dollars required to make such a change in infrastructure.
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