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    Bulls & Bears | Cavuto on Business | Forbes on FOX | Cashin' In

    Bulls & Bears

    This past week’s Bulls & Bears: Gary B. Smith, Exemplar Capital managing partner; Tobin Smith, ChangeWave Research editor; Pat Dorsey, Morningstar.com director of stock research; Scott Bleier, president of HybridInvestors.com; Charles Payne, CEO of Wall Street Strategies, and Alan Colmes, co-host of "Hannity & Colmes" and host of "The Alan Colmes Show" on FOX News Radio.

    Trading Pit

    For decades, Democrats have fought against drilling in ANWR in Alaska and against proposals to build more refineries. Either one would have helped to keep gas prices lower. If you want less pain at the pump, should you vote against Democrats in the mid-term elections?

    Charles Payne: Absolutely. You have to vote against the Democrats. When it comes to politics and oil, if you aren’t part of the solution, you are the problem. The Democrats block potential solutions and pander to tree huggers whose solutions will actually cost Americans more money than higher gasoline.

    Alan Colmes: The problem is oil has a limited supply. All the Republicans ever talk about is “Let’s drill. Let’s drill. Let’s drill.” They don’t talk about alternative energy. How many more years of oil do we have? The Republicans are the ones that hold up the gas prices and keep them high. You’ve got two oil guys in office. It’s outrageous that people want to blame Democrats. Give me a break! You’ve got oil companies making all these profits. Why not encourage them to reinvest their profits and explore alternative energy? Don’t tax the profits that are reinvested. Tax only those profits that are not reinvested.

    Gary B. Smith: Alan makes good points, but I’m against any political group that gets in the way of free markets, and generally, that’s the Democrats. I’m sure they are the ones that want to put together this stupid windfall tax. It’s not only drilling in ANWR, it’s just the common theme of looking at offshore and any other alternative places that would intrude on the environment. That’s the theme that the Democrats tend to lead.

    Pat Dorsey: The refineries tend to be opposed by people that live near them, whether they are Republicans or Democrats. Recently, the capacity at most refineries has been expanded. It’s cheaper to expand the capacity to an existing refinery than build a new one. In any case, neither party has a big effect on oil prices because they are affected by global supply and global demand. Whatever the folks in DC seem to think, they just don’t have a big effect on either of those. If you really want to get lower oil prices, go out and find a big new deposit somewhere or drive a more fuel-efficient vehicle.

    Tobin Smith: Both political parties are guilty. This is the result of screwed up policy for the past thirty to forty years. This isn’t just the Republicans or Democrats. Forget about ANWR. I’ve been to ANWR and it’s 70 feet of dead tundra with some oil. The bigger issue is, “Why aren’t we drilling in Florida and Colorado?” These are the areas where we can lower our dependency by about 30 percent.

    Scott Bleier: There has been thirty to forty years of incompetence — when it comes to energy policy — by both parties. What matters now is not what happened years ago, or who’s to blame, but what is done now. Tax breaks have to be given to anyone who wants to produce ethanol. Then there will be more independence from foreign sources of oil.

    Stock X-Change

    America’s feeling the pain at the pump. So the Bulls & Bears tried to ease that pain by picking their best stocks that are cheaper than a tank of gas!

    Pat: I really like Symantec (SYMC), which is a big player in anti-virus software. You might know of this company from its Norton brand. Last year, Symantec bought a company called Veritas, which is involved in storage software. This seemed to be an odd combination at first, but it is getting a lot of synergy with different distribution channels. The merger knocked the stock down a lot, but it’s going up from here. I see it hitting $23 in a year. (Symantec closed on Friday at $16.38.)

    Tobin: I admire Pat’s courage. It has a lot of problems with competitors like Microsoft (MSFT) and EMC (EMC) going after them. At best, the stock could go up a couple of bucks but at worst, it could go down six or seven bucks.

    Scott: There’s so much bad news on this stock, I don’t think this company can get a break. If you buy it, you’ll need a lot of patience.

    Charles: I used to like this company a lot, but the merger with Veritas is not working out.

    Charles: Honk! Honk! I’m riding with trucking company J.B. Hunt Transport Services (JBHT). It has a bunch of contracts up for renewal soon, and it is going to raise surcharges and prices. The rails cannot handle all the business and they’ve got to hand it back over to the truckers. (J.B. Hunt Transport Services closed on Friday at $23.83.)

    Scott: The transportation index has more than doubled over the last two years. You are absolutely at the tail end of it. Plus, gas prices are too high for truckers.