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Most of my followers are very familiar with my opinion of Energy Secretary Stephen Chu: he should resign his office. Why? Because Chu doesn’t understand that America’s biggest energy and economic problem is our addiction to foreign oil imports and the resulting daily drain of U.S. wealth away from our shores. Any U.S. Energy Secretary who is “agnostic” about the only domestic fuel (natural gas) that can be scaled up to solve these problems should be fired. Top that off with Chu’s agreement that “clean coal” is actually possible and, you have an Energy Secretary who has certainly risen to the level of incompetence.

Why bring this up now? Yesterday Secretary Chu and the U.S. Department of Energy announced $300 million in “Clean Cities Grants to Support Clean Fuels, Vehicles, and Infrastructure Development.” Here’s the announcement on the DOE website. This link shows a map of the U.S. and how the awards will be distributed across the country.

You’re probably saying,” Fitzman – this is exactly what you have been pontificating about, now you get it and you’re still not satisfied?” No, I am not and I’ll tell you why. Because $300 million is a small drop in a big bucket, that’s why.

It’s clear the U.S. government started a very obvious and wrong-headed policy of rewarding failure and punishing success. This has been the case for years. However, in Bush’s last year it rose to a new level of obscenity that President Obama has not only continued but expanded:

  • Record deficit spending
  • Billions for bonuses for a fascist bailout of “executives” who bankrupted their firms
  • Cap-and-trade legislation that rewards coal, the dirtiest of all fuels
  • Billions for “cash for clunkers” to reward those who bought inefficient vehicles
  • Billions for U.S. auto companies that for years built vehicles that greatly increased American addiction to foreign oil and CO2 emissions

The list goes on and on. Bush’s second term marked a grand transition from capitalism to fascism. Meanwhile, those who did what they should (saved and invested money, bought efficient vehicles for example) were punished. Savers are now getting 0.25% for their money market funds, and a whopping 1% for a year CD. Then there is the fact that their investments are going nowhere fast – the S&P500 is essentially flat over the past decade, and the promises of 401k security was shattered in the recent bear market.

There is reason for hope. Over the past few years, the on-land shale discoveries in America have validated Robert Hefner’s testimony before Congress during the energy hearings of the 1970’s: the U.S. has abundant natural gas reserves. One would think American government officials would jump on such great strategic news and quickly move to exploit this wonderful American economic advantage over the rest of the world, especially China. But, we know Chu is “agnostic” about natural gas. Federal Reserve chief Bernanke is supposed to be our “top-level” economic and monetary official, yet has anyone ever heard Bernanke mention the importance of abundant domestic natural gas supplies and the importance of abundant, cheap, and clean energy that could (if Congress would simply ACT) solve America’s number one economic woe – its dependence on foreign oil? Not a peep. Once again, they punish success: the natural gas rig count has been cut in half, and natural gas prices are under $3.

So, while the recent announcement is certainly good news, it’s not good enough. The awards should have been $3 billion, not $300 million. That said, companies like Clean Energy Fuels (CLNE, up $1.87 on Thursday), Fuel Systems Solutions (FSYS, up $1.40) and buy rated Westport Innovations (WPRT, up $1.65) will likely benefit from this program as a lot of the money will go toward NGVs and CNG refueling stations. Here is Westport’s press release.

If President Obama and Energy Secretary Chu are serious about reducing foreign oil imports and reducing CO2 and particulate emissions, they need to get serious about doing so. They need to stop chanting “clean coal” and instead shut down coal plants such as the TVA coal plant in Kingston, TN, that has devastated the Tennessee River valley with its release of its toxic heavy metal fly ash into its waters. They need to get serious about NGVs and CNG refueling and invest significant funds into a nationwide program to build out the infrastructure. More importantly, Obama and Chu need to be working behind the scenes to insure that H.R. 1835 (the so-called “natural gas act”) is not only passed by Congress, but is substantial enough to reduce foreign oil imports and kick the natural gas transportation initiatives into high gear.

America can solve the economic, environmental, and national security problems facing our country. We can do so by leveraging our greatest weapon against foreign oil imports: our abundant natural gas reserves combined with our world leading natural gas pipeline distribution grid. By solving our energy problems, we’ll solve our equity market and currency problems. It doesn’t even take visionaries to do as all the facts are clear and out on the table: natural gas is much cleaner than coal and oil, it’s abundant, and it’s cheaper. All that is needed now are leaders that are not bought off by the coal and oil lobbyists. We’ll soon find out with H.R. 1835 if those leaders will step up to the plate.

Disclosure: The author owns WPRT.

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This article has 55 comments:

  •  
    Amen

    Nothing else necessary.
    Aug 28 04:52 AM | Link | Reply
  •  
    Sec Chu infamously said we should paint roofs white to save energy. And to maximize embarrassment, he said this overseas, so they’d know we’re idiots. Then he estimated how much energy that could save, something like 10%. One for the blooper reel.

    When Obama emphasized energy innovation as a priority, I was hopeful NG would be a priority. Very disappointing.
    Aug 28 05:03 AM | Link | Reply
  •  
    HR1835 may well pass both houses, and if it does, has Obama taken a position on the bill? I seem to recall that he said somewhere along the line that he would sign it. Did I dream that, or has he stated a position as yet? Just asking, and am sure that FitzMan will know for sure.
    Aug 28 06:25 AM | Link | Reply
  •  
    buying foreign oil is not arguably a drain on our wealth; once you state that your credibility is shot. you should learn some economics if you want to be taken seriously
    Aug 28 09:01 AM | Link | Reply
  •  
    A righteous rant indeed, Fitz. Don't hold back. "THEY" really need to hear these things over and over and over and.........
    Aug 28 09:14 AM | Link | Reply
  •  
    The government will never take NG seriously until the price of gasoline reaches $4.00 or higher and stays there. Federal fuel taxes should be raised to conserve fuel and pay for our highway system rather than us printing money.
    Aug 28 09:24 AM | Link | Reply
  •  
    abarrel: thanks

    redbaron: i wish i did know, but honestly, i haven't heard obama utter a peep on natural gas transportation. all i hear him say is "clean coal" over, and over, and over again.

    i sure miss the days when i could write an article on SA and have people comment on the article and rationally debate issues.

    wisdom: please explain your statement. the U.S. imports 60-70% of its petroleum (depending on the state of the economy, now it is on the lower end). 60% of 20,000,000 barrels a day is 12 million barrels. at $70/barrel, thats $840,000,000 a DAY. how can you say this is not damaging to the U.S. economy? it is the biggest component of the huge U.S. trade deficit. at $140/barrel like last year, this obviously doubles to over $1.6 billion a day. is it any surprise we suffered the economic meltdown we did? obviously there were other reasons, but to ignore the drain because of foreign oil is a big mistake. not to mention these numbers are actually much much higher when you factor in the oil wars and military spending to secure supply and delivery on the high seas. not to mention from a national security perspective, it's simply a disastrous policy to become dependent on oil from foreign sources. i don't think this matter is arguable at all. so, perhaps you don't take me seriously, but i have to say your comment lacks the wisdom your username implies you possess.


    Aug 28 09:32 AM | Link | Reply
  •  
    Chew on this Chu! Natural Gas is abundant, inexpensive, clean-burning and not imported. I'd be checking his credentials if he can't figure that one out. Where is the problem with promoting it? I might say that he might be dumber that a box of rocks, but that wouldn't be kind, so I won't.
    Aug 28 09:48 AM | Link | Reply
  •  
    Hmm, I think that I am going to let Dr Chu hang around for a while, but his helpers might have to go.
    Aug 28 09:53 AM | Link | Reply
  •  
    Obviously all decisions now are political, with government in charge of so much. This is fascism, they reward failure and with the $trillions spent for (sorry, I just ate), with the "concern" for the environment that extends just as far as the cap'n'trade swindle, objective merit isn't on the radar.
    Natural gas should be a natural; there goes breakfast. Get used to the brave new world. Believe what our owners believe.
    Aug 28 10:02 AM | Link | Reply
  •  
    The US imports about 1/8 of world oil production, which implies 7/8 is sold elsewhere. Our biggest foreign suppliers are Canada, Mexico, Venezuela - basically, next door neighbors. We import crude from Brazil and export refined products.

    I don't like what happened in Iraq any more than you do. It was extremely stupid. What I would like you to consider, however, is the wider OECD perspective. Germany, Japan, Korea and Taiwan have zero domestic production. They are 100% dependent on 'foreign' oil. France is slightly better off - only 93%.

    I sympathize with your call to spend $3 billion on infrastructure. We disagree on whether the Federal Government should do it. Private companies can and will build CNG distribution as soon as there's sufficient demand, probably Texas and Midwest initially.
    Aug 28 10:20 AM | Link | Reply
  •  

    IF NG can't make it as a fuel at $3, it's not going to. But it's a good, cost effective fuel that needs no help.

    Chu's job is getting other fuels, energy out there, not supporting present fuels.

    Obama is doing a fairly good job on energy, it's congress that' stopping it.

    Obama's deficits come from Bush, repubs policies which got us in this, mess, Obama is just trying to clean it up.

    This author just shows he has little understanding of either energy, economics or politics.
    Aug 28 10:20 AM | Link | Reply
  •  
    Natural Gas Act is going to pass in October
    www.msnbc.msn.com/id/3.../

    The NAT GAS Act of 2009, H.R. 1835, was introduced in the House of Representatives on April 1 and has 77 bipartisan cosponsors. The Senate version of this bill, S. 1408, was introduced on July 8 by Senate Majority Leader Harry Reid and Senators Robert Menendez (D-NJ) and Orrin Hatch (R-UT).
    www.businesswire.com/p...

    National Clean Energy Summit 2.0 video
    www.pickensplan.com/bo.../
    Aug 28 10:46 AM | Link | Reply
  •  
    the federal govt gas been controlled by big oil since 1981. what do you expect?
    > jack
    Aug 28 10:50 AM | Link | Reply
  •  
    Yes, President Obama done a great job reversing Bush's bailouts, ending the fascist direction of private companies by political forces, ending pork-barrel earmarks, correcting the SSI ponzi-scheme cash flow problem, and reducing the deficit, with a goal of paying down debt by next year. What an amazing reversal!

    Hail to the new king... Same as the old king.

    On a different note, HR1835 is moot. By the time anything gets through Congress, it will be a diversion of your taxes to their earmarks. Put a variable base tax under gasoline, and n.gas will take care of itself.


    On Aug 28 10:20 AM jerrydd wrote:
    <SNIP>...
    > Obama's deficits come from Bush, repubs policies which got us in this, mess, Obama is just trying to clean it up. This author just shows he has little understanding of either energy, economics or politics.
    Aug 28 11:06 AM | Link | Reply
  •  
    Excellent and important article. Reminds me again of this tough question: How can a guy who was awarded a Nobel prize be so damn stupid? (Answer: Politics.... so the new question: Who is paying him?)

    To jerrydd - - what Planet are you living on?
    Aug 28 11:09 AM | Link | Reply
  •  
    Oops. Here goes the confusion again. I am not sure about Secretary Chu. One thing he did right was to put fuel cells on the back burner - this will save a new wave of believers from losing a new wave of investment money. Painting roofs white is not a bad idea, for those of you who have traveled to the middle east and Greece. And HR 1835 should pass, with the proper caveats.

    The confusion is this though, and the caveats have to deal with it, from a resource allocation standpoint. One, do not mix CO2 with particulate emissions. If Reid Bryson was still alive, he would tell you that water vapor has a radiative forcing1000 times greater than CO2, and as you know CO2 is not a pollutant. So fighting pollution has nothing to do with CO2 - leave anthropogenic to Al Gore and the Spelling Bee and google the 566,000 hits for "IPPC mistakes". This is where I mostly disagree with Secretary Chu.

    Two, Oil and Coal don't mix. Oil is used for mobile energy - transportation - while Coal is used for stationary energy - electricity. Last I checked, electricity production consumed only 2% of Oil, i.e. 4% of our imports. Substituting Natural Gas for Coal would do nothing to solve the oil problem - up until we have an adequate vehicle fleet and distribution system. Could happen, and we should try a reasonable 1835. However, check the Netherlands. They have plenty of gas and lots of bicycles - not many gas fueled vehicles, though. So goes France - and they are paying $6 a gallon at the pump.

    If we want to solve the Oil problem, let's go electric. If we want to solve the coal pollution problem, let's call it that way. Natural gas has a role to play, we should look at it too. But remember - we are currently dealing with a projected budget deficit of $9 trillion over the next ten years, versus receipts of $35 trillion. Not the time to be spending trigger happy. So please, in either case, don't add the CO2 hype.
    Aug 28 11:18 AM | Link | Reply
  •  
    from the Union of Concerned Scientists

    How Natural Gas Works

    Natural gas, called "the prince of hydrocarbons" by some, is an increasingly important fuel source in the world energy system. Easy to transport, easy to use, cheap and relatively clean, it is a good way to improve our energy system in the short run. While a vast improvement over coal and oil, it is not a sustainable solution to global warming, air pollution and resource depletion. But advanced electric generation technology like combined-cycle gas turbines and fuel cells show that natural gas will be an important way to reduce the environmental impacts of electricity.

    Environmental Issues

    Although natural gas is a fossil fuel and so is made up mostly of carbon, global warming emissions from gas are much less than coal or oil. Compared to coal, gas produces 43 percent fewer carbon emissions for each unit of energy produced, and 30 percent less than oil. Gas also produces no solid waste, unlike the massive amounts of ash from a coal plant, and very little sulfur dioxide and particulate emissions.

    On the other hand, the combustion of gas still produces nitrogen oxides, a cause of smog and acid rain. And while carbon emissions are lower, natural gas itself is a powerful greenhouse gas. Natural gas (methane) is much more effective than carbon dioxide at trapping heat in the atmosphere, 58 times more effective on a pound-for-pound basis. Methane concentrations have increased eight times faster than carbon dioxide, doubling since the beginning of the industrial age. Natural gas use has accounted for about 10 percent of all global warming emissions.
    Aug 28 11:54 AM | Link | Reply
  •  
    m_chaddon: See LoveShorting above "Excellent and important article. Reminds me again of this tough question: How can a guy who was awarded a Nobel prize be so damn stupid? (Answer: Politics.... so the new question: Who is PAYING him (Union of Concerned Citizens)?)"

    "Although natural gas is a fossil fuel". Natural gas (methane) is not a fossil fuel unless my A$$ is prehistoric!

    Look closely at what you referenced: Accumulation (not burning) of methane is 58 times more effective at trapping heat in atmos than CO2 (combustion product). Water vapor is 1000 times more active per lb radiating trapped heat than CO2. Is there too much water vapor, what about the drought concerns? Just a bunch of potentially scarry numbers when spun properly, don't really present any obvious policy for use of natural gas.

    In general, watch out for names like World or Global society of such and such......

    Check into this item mentioned above: "So fighting pollution has nothing to do with CO2 - leave anthropogenic to Al Gore and the Spelling Bee and google the 566,000 hits for "IPPC mistakes". This is where I mostly disagree with Secretary Chu."

    Aug 28 12:10 PM | Link | Reply
  •  
    in the 1800s the new idea of socializing private capital split into two directions: communists, who favored public control and ownership of capital, and fascists, who favored public control of private capital; no big deal, both Roosevelts, Wilson, Chamberlain, Hitler and many others were democratically elected on the exact same platform, fascism. after WWII the term fascism became verboten and was replace by the term "social democracy," but it means the same thing it always did unless you are an immature idiot who gets his history from Wikipedia.

    Who favors government control of private capital? who favors federal judges who allow federal control to expand? that is fascism, and it is not Bush kiddies. if you are going to make a fool of yourself on SA you are going to get called out. as long as you dopes on the coasts keep voting for federalist politicians, big gov't and big business will become stronger, together, and you will have less freedom and less money, just like Europe
    Aug 28 12:57 PM | Link | Reply
  •  
    The fringe Left which keeps all others "in-line" doesnt want America to be a Superpower

    Oil/energy leadership puts one in that role

    When the tail wags the dog AND ITS ACCEPTED it takes a revolution to put it right , again

    The GOP at best is watered down

    When was the last time we heard the GOP come out in public and say we will reverse ALL THE SOCIALISM THAT BUSH AND OBAMA HAVE PUT INTO PLACE!!?

    The Changing of the Guard is needed now more than ever

    Say bye bye to the Gop
    and hello to the Libertarians

    NO MORE COMPROMISING ALLOWED WITH THE LEFTISTS

    NONE ZERO
    Aug 28 01:41 PM | Link | Reply
  •  
    Jack: please tell me who "Big Oil" is and then tell me how much Natural Gas each member of this so-called "Big Oil" society produces. I think you know that some of the largest Natural Gas producers in the U.S. are also members of your "Big Oil" gang. Exxon is spending large amounts of their money on natural gas...look up in the Rockies, look in the Horn River Basin in Canada, look in Pennsylvania. look in many other states. BP and COP are in the top 5 U.S. natural gas producers. Explain why these "Big Oil" bad guys don't support natural gas?


    On Aug 28 10:50 AM john s. gordon wrote:

    > the federal govt gas been controlled by big oil since 1981. what
    > do you expect?
    Aug 28 01:50 PM | Link | Reply
  •  
    ART005: i apologize, i misread your comment earlier. please forgive my resulting comment back. sorry. sometimes i get lost scrolling up and down the comment section when i use this small laptop.
    Aug 28 02:36 PM | Link | Reply
  •  
    Thanks for the update on alternate fuel initiatives, such as they are. After reading the text of the DOE announcement it seems a worthwhile but meager effort, especially when you see than a significant portion of the awards are for E-85 stations, electric recharging stations and propane refueling. It is difficult to determine from the release just how much progress is being made to expand the NG infrastructure that is badly needed to make it more widely available. The Westport release is somewhat more encouraging and indicates some positive impact in the heavy truck NG and LNG use. I wonder how HR 1835 will interface with this effort if at all?

    Clearly most of the current efforts to reduce our use of imported oil are politically driven and appear under control of the status quo lobbyist. If an oil to gas price ratio of a historic 24 cannot increase our use of the lower cost alternative one has to question the entire system.
    Aug 28 05:02 PM | Link | Reply
  •  
    It's too bad many people transfer their dislike of Al Gore to AGW. Al Gore is a politician and his opinions have political motivations. AGW is a scienticfic theory - if you judge it and criticize it because of it's political implications, you're missing the point. Take the time to understand the science behind it. Even if you still disagree, at least you'll understand that AGW is not a hoax or a socialistic plot.
    Aug 28 05:16 PM | Link | Reply
  •  
    Fitz:

    As always, an excellent article on how domestic natural gas resources can be leveraged to achieve energy independence. In my opinion, I think we can all learn a lot from Brazil, which is the only country in this hemisphere (and perhaps the world) that has shaken off its addiction to petroleum-based fuels. Brazil is in the forefront of requiring "tetra fuel" vehicles. These vehicles are essentially bi-fuel vehicles that can also run on natural gas. See, www.greencar.com/artic....

    Tetra fuel vehicles (the Fiat Siena) can run on gasoline, E-85 (ethanol/gasoline) or M-85 (methanol/gasoline), straight ethanol or natural gas. Tetra fuel vehicles exponentially expand the domestic resource base available to fuel a vehicle. With that type of fuel-flexible powertrain, the US could not only tap its natural gas resources (including stranded natural gas that can be converted to methanol on-site), but agricultural wastes, landscape waste, municipal solid wastes, landfill gas and coal as well.

    Brazil will have these vehicles, which are built by Fiat/Chrysler and which have all the advantages of a bi-fuel vehicle combined with the advantages of an NGV. The technology exists and, most importantly, it is available on a commercial scale.

    With tetra fuel vehicles, petroleum-fueled vehicles can be rendered obsolete and the US can employ its tremendous palette of domestic resources, including natural gas, in a very productive manner. We just have to be humble enough to learn from the Brazilians and the Italians.
    Aug 28 07:04 PM | Link | Reply
  •  
    Hey Fitz, you've got friends with hubba hubba star power! This just in from the FT...

    How to end America’s deadly coal addiction
    By Robert F. Kennedy Jr

    Published: July 19 2009 19:36 | Last updated: July 19 2009 19:36

    Converting rapidly from coal-generated energy to gas is President Barack Obama’s most obvious first step towards saving our planet and jump-starting our economy. A revolution in natural gas production over the past two years has left America awash with natural gas and has made it possible to eliminate most of our dependence on deadly, destructive coal practically overnight – and without the expense of building new power plants.

    www.ft.com/cms/s/0/58e...
    Aug 28 07:11 PM | Link | Reply
  •  
    Of course Kennedy and you are wrong about NG-fired power generation. Present surplus means nothing. Resource is vastly overestimated. Fracking is a water waste and water pollutant, probably going to be regulated out of existence. Lastly, you have to give up that abiotic hooey. Russia has the big gas reserves, not us, not Brazil. Our offshore GOM infrastructure is rusting to pieces, and when it goes, there goes half your supply.
    Aug 28 07:22 PM | Link | Reply
  •  
    Chew is out to Lunch . Natural Gas to Methanol methanol to M-85 or a bridge fuel and get the Mag Lev inter city trains running. The Combine d cycle gas turbines are by far the cleanest and most efficient electric systems and have the advantage of low capital cost

    The cap and trade give away is nothing more than a direct subsidy to the Utilities and the Insurance Industry that holds their LT bonds.

    The micky mouse dancing with the auto and petroleum industry should have ended with Carter. Damn shame but this is our last chance I fear.
    Aug 28 08:02 PM | Link | Reply
  •  
    turnipseed: i agree. the same thing is happening with boone pickens and natural gas transportation: people who dislike boone for whatever reason are against nat gas transportation because they think he's the only one that will profit from it. nothing is further from the truth: the top 4 nat gas producers in the U.S. produce less than 10% of total US nat gas production. nat gas production is dominated by small independents who pay royalties to farmers and landowners across the nation. nat gas transportation would create millions of jobs in the energy and auto industries let alone keeping the trillions of dollars now going to foreign producers inside the country. yet still, people would rather buy foreign oil than US produced nat gas just because pickens is for it. amazing.
    Aug 28 09:22 PM | Link | Reply
  •  
    Michael, one last note, to correct a misconception. I don't want anything in particular except less government.
    Aug 28 09:42 PM | Link | Reply
  •  


    On Aug 28 02:32 PM Michael Fitzsimmons wrote:

    > jerrydd: i disagree with you completely. obama has not impacted foreign
    > oil imports in the least except for the ridiculous cash for clunkers
    > program, which will reduce oil consumption somewhat, but still is
    > based on cars that run on *gasoline* derived from foreign oil. to

    Obama has only been in office 7 months!! He can't do much of anything until congress does, no?
    If his cap and tax plan would go through oil imports would be cut a lot. But congress is bought and paid for by big oil so we get a useless cap and trade bill .
    Interestingly Fla Gov Crist just appointed a replacement repub senator who quit, who is known for energy independence which could shift the senate.
    Obama's energy plan doing EV's PHEV's, biofuels and yes NG is in the process which takes time. They did pass much higher CAFE standards.
    But that's rather moot now as oil prices next yr will skyrocket making high mileage, EV's, PHEV's cars/trucks surpass the EPA CAFE goals.
    So yes Obama is making us independent of oil but it takes time to switch a nation.
    And the last energy bill has money for alt fuel stations/outlets from EV charge outlets, E-85 pumps and yes, NG pumps.


    > say that natural gas needs no help, how many CNG stations are in
    > your neighborhood? most people in most states cannot even buy an
    > NGV and have no way to refuel it.

    Not much reason to have neighborhood NG stations, just need them at truck stops as NG for cars is not a good fit because of bulk and can't go through tunnels. Semi's and trains are the best place for NG.
    NG cogen power plants to charge EV's, PHEV's is by far the best way for NG to power cars, going 5x's farther than burning the same amount of NG in a car.
    Cars on NG have limited range, room and takes a long time to fill.

    wrt to the deficits, you apparently
    > did not notice my reference to the bush deficits. if you want to
    > argue that obama is not continuing and expanding these deficits,
    > i'll be happy to have that debate with you any time you like, but
    > not on this article as it's off-subject.

    Obama had to expand the deficits to keep us out of a depression caused by Bush, repubs. Dems do pay-go and would be balancing the budget if not for the recession. Other that stimulus, unemployment, to keep us out of a depression which 95% of economist agreed needed to be done, what has Obama increased the deficit on?

    The clunker program was to stimulate the economy that worked well, far more than cut oil though it does that too as a bonus.
    >
    Aug 28 09:43 PM | Link | Reply
  •  
    The appointment of Chu was a mistake. Chu is intelligent as proven by his earning a PhD Degree and being awarded a Nobel Prize. However, his intelligence does not include the ability to see the big picture (earned his PhD on a narrow subject) nor make him a good leader or administrator. What he has done so far proves this.

    Chu has yet to understand that there is no such thing as clean coal. Assuming coal can be cleaned (which researchers know can't be done economically), how much of the CO2 generated by burning coal can be captured, pumped and sequestered underground and for how long? When the underground storage is filled up in a few years, what then? He is pursuing and spending our limited resources and time on somthing that has no future.

    Instead of pursuing clean coal he should be spending money on completing the research in the nuclear field. He should start a Manhattan type projects to complete a prototype on fast breeder reactor, pebble bed reactor and thorium fueled reactors which can supply us with electric power for centuries or more to come. Nuclear can replace not only coal power plants but indirectly, a good part of the energy we use for transportation. More cars will be electric, most deisel/electric trains can be converted to full electric, electric light rail can be returned for city transport, etc. Oil and gas will still play a big role in transportation (airplanes and big ships specially) but will be a much smaller percentage of the total world enery consumption. It is the answer to reversing climate change. It also is a great opportunity to make us less energy dependent. This is the big picture not only Chu is missing but also Obama and Congress.

    As to natural gas, no matter how much you sugar coat it, it still procues CO2 as it's end product when burned as fuel. Hence, it is not a good answer. Natural gas is really best used as feedstock for the chemical industry for making medicine, plastics, fabricks, etc.
    Aug 28 11:13 PM | Link | Reply
  •  
    Art: BTW, MF uses the wikipedia constantly to support his contentions. Why don't you tell him to stop.

    His Energy Policy includes Population Control, do you support that as well?

    Stop changing the Subject. I am on record for Using everything at our disposal simultaneously. I am totally against substituting one "fossil Fuel" for another, especially one that is more damaging than CO2 on a Global Warming basis.

    I have provided Links which show that 100% of CO2 emissions control is Possible Now. Coal Plants are being built in Europe which Combust 99% of the coal itself. (not a hell of a lot of that Toxic residue left)

    The Subject isn't related to my stance, its related to An Energy Policy which will do more Environmental Harm. Meanwhile, MF has taken the Stance that The Environment has to play 2nd fiddle to Oil Independence.

    Hell, he even made a comment that Nat. Gas Transportation won't work without the completion of the Alaskan NG Pipeline which isn't due to be competed until 2018.

    ( I can quote you Fitz, do not even think about denying it.)
    Aug 29 01:53 AM | Link | Reply
  •  
    ART/Fitz: I thought you would slip up, I didn't think you would do it so quickly.

    your Comments ART/Fitz:

    5. So you're still celebrating CH4=Methane, what's your insight on H2O vs. water?
    6. There is no doubt about the history of frustration with your incompetant uselessness....what purpose do you think you serve? What have you ever said that is innovative or beneficial? Can you quote yourself even once!?
    7. What specific accomplishments have you provided the U.S. to improve quality of life and benefit the environment? My work legacy saves enough energy to power hundreds of U.S. homes and I add to my accomplishments yearly. I'm sure the skills hinted at by other SA contributors are similar. I doubt you can even fake it. Aug 29 12:58 AM"

    ART005: what is Your Work Legacy? (I thought it was you all along Fitz, I just had to get you on a one on one)

    MF: You questioned "My level of Intelligence". You have your answer.
    Aug 29 02:09 AM | Link | Reply
  •  
    Couldn't wipe everything out could you Fitz? An Email is on its way to Mick. You forgot to have your Own comment deleted.

    ART005: 67 comments and no Profile;

    "5. So you're still celebrating CH4=Methane, what's your insight on H2O vs. water?
    6. There is no doubt about the history of frustration with your incompetant uselessness....what purpose do you think you serve? What have you ever said that is innovative or beneficial? Can you quote yourself even once!?
    7. What specific accomplishments have you provided the U.S. to improve quality of life and benefit the environment? My work legacy saves enough energy to power hundreds of U.S. homes and I add to my accomplishments yearly. I'm sure the skills hinted at by other SA contributors are similar. I doubt you can even fake it."

    Your "work legacy" who do you think you are Mr. Fitzsimmons?

    Don't you worry Ozarker, your appearance has been duly noted as well.
    Aug 29 04:17 AM | Link | Reply
  •  
    AlanVon: i prefer less government too, but we definitely saw an end to that with bush. clinton reduced the size of the federal gov over his 8 years. bush not only expanded it greatly, but took the hiring of "private contractors" to a new level of absurdity (i.e. there are more private contractors in afghan than actual military troops). now, obama is expanding those failed bush policies. wrt energy, the problem is that since the 1970s the US gov has subsidized coal and oil. what i am saying, is if the US gov is going to subsidize fuels, why are we subsidizing the dirtiest (coal and oil) and the most strategic that we don't have enough of (oil) as opposed to the cleanest, cheapest, and most abundant *domestic* fuel (natural gas). these gov policies are polluting and bankrupting the country. it just makes no sense.

    jerrydd: yup, obama has been in office only 7 months, and he has done practically nothing but continue failed bush policies on all important issues: bailouts, afghanistan, shapiro has head of SEC, wimping out on health care, and not supporting natural gas transportation or HR1835. meanwhile, he is continuing the unconstitutional use of blackwater troops and repeating the oxymoronic "clean coal" mantra as often as possible. obama has been a huge dissapointment. further, he hasn't done jack to reduce foreign oil imports. how many EVs are on the road? how many CNG stations and NGVs could we have for all the money thrown at the failed biofuels programs? ridiculous. obama is bought off by coal and oil lobbies just like every other president has been since eisenhower. lastly, NG is not for cars?? if you believe that (and its false) you have just ruled out the only fuel that can *significantly* reduce foreign oil imports over the next 5 years, which means we are sunk as a nation.

    candooman: chu is bought off by the coal and oil lobbies, its as simple as that. anyone who wins a nobel prize in physics is smart enough to know "clean coal" is a myth and that nat gas is the only domestic fuel to solve our foreign oil import problem. wrt "clean coal", the people who are focusing on CO2 are missing the bigger problem: the toxic heavy metal particulate emissions. it is mercury that is destroying US bodies of water. it is lead and thorium. yes NG emits CO2: 30% less than gasoline and 50% less than coal, but *** 100% *** less particulates than either oil or coal. so, why keep burning them when we can switch now to NGVs? EVs? i love em and support them but three huge problems: 1) where are they? 2) where are the battery packs going to come from in *quantity* to *significantly reduce foreign oil imports*? not going to happen over the next 5 years, period. 3) even if the EVs *were* available, you're going to burn more coal to recharge them. so, a pragmatic, practical, realistic, non "envrionmental purist", would simply have to conclude that natural gas transportation is the only logical solution to reduce foreign oil imports AND particulate and CO2 emissions at the same time. to wait for EVs to be fully deloyed, and the solar and wind (which i both support) and infrastructure to be built out is simply to continue spewing more CO2 and particulates and continue the addiction to foreign oil. we need practicality not blind "environmental purism".

    User393700: welcome aboard the freya and oneeye misinformation club. not gonna waste me time on you either.
    Aug 29 08:17 AM | Link | Reply
  •  
    Just a few thoughts -

    $300 million being fought over by 50 states for alternative fuel AND infrastructure VS. $300 BILLION for the Cash for Clunkers program. Seriously?

    The State of Florida applied for nearly $40 million in 6 different applications - and was awarded $0 despite being the 4th largest state per capita with the 4th largest vehicle population. Why???
    Aug 29 09:27 AM | Link | Reply
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    Basically, the oil industry said in the 1960s: 'a nation that runs on oil cannot afford to run short'. Congress has since the 60s passed on NG and nuclear while creating the ethanol fiasco. Congress is doing as little as possible now. Obama's leadership is disingenuous with his cap-n-trade scheme while rewarding bad behavior with 'cash4clunkers'. He may have inherited the Bush state of affairs; but, it is Obama's now and his policies are making it worse.


    On Aug 28 10:50 AM john s. gordon wrote:

    > the federal govt gas been controlled by big oil since 1981. what
    > do you expect?
    Aug 29 10:56 AM | Link | Reply
  •  
    Hey Fitz, why don't you tell that Tall Tale again about Jimmy Carter. You Know, the Only President to reduce oil imports by 50%, yadda, yadda, yadda. I love hearing that Particular Lie.



    Aug 29 11:53 AM | Link | Reply
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    ARTOO5:

    "And for God's sake, Fitzman has indicated repeatadly that he is not Conservative Republican. Instead some where between Moderate Democrat and Libertarian. You appear to be a complete fake in that department (you call yourself Conservative Republican? I don't think you would be allowed in the club!) if ever for one instant you identified Fitzman's platform to be Conservative Republican."

    Forgot about this puppy did you?

    "conservative republican (historical definition): a person who supports small government, fiscal discipline, individual rights and freedoms, separation of church and state, just and respectful foreign and domestic policy.

    if george bush fits this description, i will eat my hat.

    everyone here seems to forget, i am a *true* conservative republican of the form of the above definition. the reason i have been supporting democrats for the last 20 years is because modern day "republicans" have abandoned the definition above and democrats have moved closer to it. people get so attached to labels and ideology they get stubborn and forget to *think* and observe what is really happening. historically, that is how countries fade into the history books as failed experiments. we are currently losing what america is supposed to be due to the extreme hypocrisy of the last 8 years, and americans not recognizing it for what it truly is: a disgrace and an abomination."

    I guess we all have to grow up sometime.

    Fitzsimmons Is a True Conservative Republican, he Labels himself as such, Can't remember everything you write can you?
    Aug 29 12:40 PM | Link | Reply
  •  
    Art005 - a question - There is a rumour on SA that you are actually Michael Fitzsimmons using another account name. Can you respond to that? - Is that true?
    Aug 29 12:58 PM | Link | Reply
  •  
    Can we please take American party politics out this site or for that matter any left right banter. Democrat and Republican feuding, will pull the West down to its knees long before Bin Laden
    Aug 29 07:28 PM | Link | Reply
  •  
    Fitz, I believe that the administration is starting to realize that the energy plan,and I am being diplomatic, on which it has embarked does not address the country's fundamental problem, it.s increasingly negative operating cash flow. Since importation of oil accounts for anywhere from 33 to 50 %, negative trade balance with China accounts for about 33% and the rest with various other countries, the path they had started offers little promise for oil reduction before 2030 the potential for Chinese electric battery production and even ultimately cheap PHEVS , more advanced vehicles from Germany than the Volt and a near term failed job creation from their energy plan, they should be nervous. Hence the 2.5 b investment in petrobras, the rethinking on fleet vehicles and natural gas and at least keeping their options open. As I said before,goals like doubling electrical energy from wind and solar in 3 years and clean coal, 25 % of cars being electric by 2030 have no urgency and relatively little affect on our most pressing economic problem.
    Aug 29 08:17 PM | Link | Reply
  •  
    You see Fitz, First it was the USD, then this, which I planted in another's Insta hoping you would respond just as you did:

    Your Qoute in a Peterson Article, early this year:

    "1) Carter's policies reduced US oil imports by 50%"

    That Qoute is followed by this quote in the same Article:

    Performance [View article] sorry, the above comment should have been Carter reduced US foreign oil imports by "5 million barrels per day", not "50%". typing too fast.... "

    ooops
    Aug 30 04:56 AM | Link | Reply
  •  
    Personally, I like the idea of CNG Vehicles as a partial solution.

    Meanwhile, you do not care one way or the other whether the Environment is hurt or not, your Energy Policy is all about Energy Independence, not how we get there.
    Aug 30 05:01 AM | Link | Reply
  •  
    The party politics is what sets national policy, sad to say. "Rational" decision making in Washington is politics as usual. Business and the citizens must take that into consideration and act to their own best interest.


    On Aug 29 07:28 PM William Davison wrote:

    > Can we please take American party politics out this site or for that
    > matter any left right banter. Democrat and Republican feuding,
    > will pull the West down to its knees long before Bin Laden
    Aug 30 12:25 PM | Link | Reply
  •  
    This Weekend's Barrons has an Article by Mike Hogan Titled:

    Time For Natural-Gas Autos?

    Full Page. Who is for it, what companies stand to benefit, that sort of thing. Like I said, You need everything but I'm not going to support being Taxed extra.

    I live in a High Rise complex in the City, CNG vehicles are of No use to me without being able to "gas up", No Infrastructure.

    Put Phills into the Parking Garage? You'd have to get a NG pipe in there first and then 100 extensions with their own connections. Never Gonna happen.
    Aug 30 04:05 PM | Link | Reply
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    candooman: You are exactly correct with respect to our need to complete development of advanced nuclear power generation. Quite a lot of progress has been made in the past, but unfortunately our forward thrust was ended about a decade ago. Natural gas can transition us off imported oil, but we need a plan for the longer term that produces clean sustainable electrical power and eliminates our accumulated nuclear waste, especially if electricity is to make up much of our future transportation. The IFR reactor design can accomplish all this while converting long lived nuclear waste to a product with only a few hundred year half life.and free us of the need for new uranium for several hundred years. While many hope fusion will come to our rescue in the future it appears to remain in the distant future.

    www.sustainablenuclear...
    Aug 31 12:25 AM | Link | Reply
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    ripskii: if you look how far we have come in just the last 3 years on the Battery Front(John Peterson's Articles), one would think that Inovation will again prevail. There's a hell of a lot of research underway around the World. 21st Century Science can succeed.
    Aug 31 10:03 AM | Link | Reply
  •  
    From Mr. Fitzsimmons:
    "User393700: welcome aboard the freya and oneeye misinformation club. not gonna waste me time on you either. Aug 29 08:17 AM |Report abuse| "

    I am being accused of providing False Information Here, Or "lying", please have the comment deleted.

    "ART005: don't waste your time with her, like i told you, lost cause. now she wants to debate that CH4 is methane. just ignore her and she'll continue to document her level of intelligence."

    Art005 was never told Anything of the sort by Fitzsimmons in any of his Comments. Not once, this was a purely Fabricated conversation which never existed, In this Comment stream. This is in itself an outright lie and abuses my intelligence at the same time.

    Mr. Fitzsimmons has a historical record of Abusing any who disagree with him. I have the proof of this abuse, chapter and verse, Unless SA deletes my Insta's again.

    It seems that his outright "fabtications" are acceptable to SA. Why is the Abuse acceptable?

    I was erased for challenging the Abuse I was receiving the last time in this article. Go ahead, wipe me out again.

    Let the world see what is available to SeekingAlpha users.




    .
    Sep 20 04:37 AM | Link | Reply
  •  
    This is another excerpt from an ART005 comment above:

    3. The Artfuldodger comment is precisely the type of attitude that will compliment a path towards prosperity for the U.S. Like triage at an accident, loose a few limbs, save the lives. There is no one Holy Grail energy solution. Besides limited resources, environment and culture play into optimizing the basket of solutions. NYC, Iowa City, LA are not all going to have the same solution. The sooner improved solutions are in place the more time there is to make the next generation of improvements. Do you think you found a nuget of someone saying people's welfare is more important than environmental management minutia, and you think you're a Conservative Republican with those priorities!? You are a delusional fake and an insult to the real thing!!"

    "The Artfuldodger comment is precisely" and
    " and you think you're a Conservative Republican with those priorities!? You are a delusional fake and an insult to the real thing!!"

    Is there any doubt as to who actually authored those words, is ART005 talking to himself or is MF doing the Talking, There is No one even close to this handle in the entire comment stream, "Artfuldodger".

    "You are a delusional fake and an insult to the real thing!!"

    Even Under SeekingAlpha's new "guidelines" this should be considered as an Attack on me Personally by the same person under two different guises.




    Sep 20 01:50 PM | Link | Reply
  •  
    ART005 made the following comment above:

    "And for God's sake, Fitzman has indicated repeatadly that he is not Conservative Republican. Instead some where between Moderate Democrat and Libertarian. You appear to be a complete fake in that department (you call yourself Conservative Republican? I don't think you would be allowed in the club!) if ever for one instant you identified Fitzman's platform to be Conservative Republican."

    What the heck, I'm a fake but meanwhile ART005 considers Fitzsimmons to be between a "Moderate Democrat and Libertarian".

    Since Mr. Fitzsimmons considers himself to be a:

    "conservative republican (historical definition): a person who supports small government, fiscal discipline, individual rights and freedoms, separation of church and state, just and respectful foreign and domestic policy.

    if george bush fits this description, i will eat my hat.

    everyone here seems to forget, i am a *true* conservative republican of the form of the above definition. the reason i have been supporting democrats for the last 20 years is because modern day "republicans" have abandoned the definition above and democrats have moved closer to it. people get so attached to labels and ideology they get stubborn and forget to *think* and observe what is really happening. historically, that is how countries fade into the history books as failed experiments. we are currently losing what america is supposed to be due to the extreme hypocrisy of the last 8 years, and americans not recognizing it for what it truly is: a disgrace and an abomination."

    ART005 is obviously confused and Guess what, For some reason or other I feel that I'm being abused, since this remains in this article despite my attempts to have it deleted.




    Sep 20 09:44 PM | Link | Reply
  •  
    BTW, Mr. Fitzsimmons also wrote the Following after the above rousing statement about " i have been supporting democrats for the last 20 years is because modern day "republicans" have abandoned the definition above."

    From Jan. 29/09:
    "fireball: you seem to think i am attacked to political ideology. i am not. i am actually a *real* conservative republican. bush was a radical fascists and i tried to point that out because rush limbaugh does a great job of convincing people otherwise. i just wrote an article criticizing obama."


    Sep 20 10:14 PM | Link | Reply
  •  
    From The Above Article:

    "Billions for bonuses for a fascist bailout of “executives” who bankrupted their firms."

    "The list goes on and on. Bush’s second term marked a grand transition from capitalism to fascism."

    Just what is this article really about?
    Sep 21 12:40 PM | Link | Reply