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President Bush is not in good shape. Even tough, Dems will give him enough space to survive, until Ms. Clinton or Mr. Mccain will arrive!

For us, investors, the speech of yesterday gave us some clues to follow:

• Ethanol producers and health care service providers are among the potential corporate beneficiaries of policies proposed by President Bush, while domestic automakers and oil companies could get slightly stung.

Our main conclusions are:

1. If the bet is to produce ethanol, it is because oil will be a rare energy.....
2. If oil barrels will be fewer, oil barrel will be expensive.
3. Ethanol is not viable, in economic terms, at a level of 60 dollars a barrel of oil, which means....