There are major implications for short-term trading here. Natural gas E&P companies were the biggest gainers today while the drillers like BAS were some of the biggest losers on the idea that natural gas prices are bottoming since Chesapeake Energy announced major curbs on drilling due to collapsing natural gas prices. If Obama sounds sympathetic to nat gas and promotes it in any kind of meaningful way, BAS and others could rocket.
State of the Union to offer a blueprint for the economy By Jessica Yellin, CNN Chief White House Correspondentupdated 5:29 PM EST, Mon January 23, 2012
A source says President Obama will propose tax reform, clean energy incentivesObamas address will focus on manufacturing, energy, education and valuesSources: Obama will discuss “insourcing,” or bringing back jobs from overseasThis will be the presidents third State of the Union addressWashington CNN — President Barack Obama will use Tuesdays State of the Union address to frame the message of his re-election campaign.The annual speech to Congress will lay out in clear terms a theme hes been repeating recently about economic inequality and a government that should ensure “a fair shake” for all.
via State of the Union to offer a blueprint for the economy – CNN.com.
Obama to Spotlight Energy
State of the Union Speech Will Call for Expanding U.S. Oil and Gas Production
By DEBORAH SOLOMON And LAURA MECKLER
President Barack Obama will use his State of the Union speech on Tuesday to call for an increase in domestic energy production, said people familiar with the plans.
Mr. Obama is expected to tout the economic and energy security benefits of increased U.S. oil and gas production, a message unlikely to sit well with some of the President’s environmental supporters but which could blunt industry
Bloomberg NewsU.S. natural gas production is to get new support. Above, a pipeline crew working in North Dakota in October.Mr. Obama’s speech is expected to call for increased oil and gas production and highlight a drop in U.S. oil imports, although some of that decrease stems from reduced demand amid a weak economy.