Obama cannot afford more unemployment, that's why. The oil workers in the Gulf are getting laid of now, but there will be so much pressure on him that as soon as the BP relief well is successful that they will lift the moratorium and drillers will take off. This is guaranteed...it's like holding a royal flush.
It is of course the unemployment but also the US cannot afford to shut down GOM deep sea drilling that is its last semi controlled oil production. From where will supply come from? From number 1 supplier Canada! I love it as a Canadian because I also invested in Suncor (SU) that, right now, is a laggard but in future is will be great. Thus, the GOM moratorium will be lifted by an pretext (e.g., human error caused the problem) and all will be back as usual. One has to remember that the US citizens want the status quo on their wasteful living style and will not give up easily.
I already have 20,000 shares. Also bought CF a couple of days ago 5,000 shares. These two are my core holding. On the defensive side I own 20,000 Dell and 20,000 DLM and 5,000 GS as speculative short term play. When the market stabilizes I will buy 20,000 CNX. I know what I'm doing...been doing this for 20 yrs. Sold AAPL today.
I thought the same but I don't expect these people in DC to really care. I think they want a reason to print more cash. DId you see the way they stonewalled them yesterday? Jobs? Ha..They rather punish an entire industry for a once in 50 year occurrence. Greens are having a field day. Either way great stock l/t.