Qualcomm Inc (QCOM)

[stricklybiz]

Pretty far OT, but this is Saturday.

Ricardo, I am not trying to exacerbate our disagreement but this morning I ran into an article discussing the matter of government intervention in the oil-price problem. It is a product of the Cato Institute--neither Republican nor Democratic, but fairly libertarian--that does not support the views of either party. The lead paragraph for your consideration:

October 22, 2004
What's the Answer for High Gasoline Prices? Nothing
by Jerry Taylor and Peter Van Doren

Jerry Taylor is director of natural resource studies at the Cato Institute and Peter Van Doren is editor of Cato's Regulation magazine.

What, if anything, should government do about the sustained increase in gasoline prices? Not a thing. For both practical and theoretical reasons, politicians and regulators should resist the temptation to monkey around with fuel markets. No matter how well intentioned, intervention to protect consumers will only make matters worse.

http://www.cato.org/dailys/10-22-04.html, if you wish to read further.

I agree that Q and the entire market will feel/are feeling repercussions from this problem. I also believe that because Q is in a line of business that can help alleviate the effects of a fossil-fuel shortage, we might find ourselves at an unexpected advantage.

Dick