Comments on Hiren Doshi's articles RSS Syndication from SeekingAlpha.com http://seekingalpha.com/author/hiren-doshi/articles http://seekingalpha.com/article/85872/comments?source=feed#comment-222242 222242 Mon, 04 Aug 2008 11:00:13 -0400 People are understandably afraid of the economy and feel the pain every time they they fill up. Most American's are in a "do everything" we can frame of mind. Drilling more oil, at first blush, appears to be a common-sense idea.
The main thing people want is lower gas prices quickly. The US is such a bit player in world-oil production that we cannot impact the price of oil if we drill everything we might find. I did not think McCain would take the lower road, but now that Rove proteges are running his campaign, the lie that we can lower price by more drilling is supported by the majority of voters.
You might make a better argument that we could marginally improve our supply potential at some point 10 -15 years in the future - but that is not as sexy as low gas prices.

Prices are coming down for a variety of reasons driven by oil - investors : The biggest being the probability that the US demand for oil will continue it's downward trend as our economy slows down. Speculator's actually cause more oil to be held above ground in developed countries, and that also is driving the recent price decline.
US consumption for gas declined 2.4% the last month measured - a huge number caused by many being forced to drive less.

The quickest and most effective thing we can do to lower the price of oil is to change our consumption on US roadways - where 1 out of every 7 barrels of oil consumed in the world take place.

If you listen to the CEO's of big oil, they will tell you that they sit on many oil leases and do nothing because the the cost of oil has been too low to justify the costly risks of trying to produce. They need stable, high prices to take on projects in the global economy. With the exception of Saudi Arabia, OPEC has done nothing to increase production because they could simply sit back and watch prices rise.
If US companies are granted new leases, and we subsidize them enough so they actually move forward, OPEC may just cut their production to maintain price stability.

In the short term, OPEC may finally increase their production to prevent further erosion of demand and development of alternate sources. LIke in the 70's, a lot of the demand decline today represents "demand destruction" - it is not sure term and will not come back as people abandon SUV's, drive less , hopefully drive more intelligently, and new better technology rolls out very soon.
If our huge demand slows down more quickly than anticipated emerging market growth, OPEC may increase their production and hope the US stays the world's biggest waster of global oil.

]]> http://seekingalpha.com/article/85872/comments?source=feed#comment-211999 211999 Tue, 22 Jul 2008 22:43:14 -0400
You could hold your entire family's lifetime of nuclear waste in the palm of your hand. The USA's entire nuclear waste since the 1950s would fit in a football field to a depth of only about 4 feet. All that needs to be done is find an agreeable site and stick it in there.

With increasingly safe nuclear technologies becoming available it is really the only way forward.]]> http://seekingalpha.com/article/85872/comments?source=feed#comment-211224 211224 Tue, 22 Jul 2008 00:45:34 -0400
i've been investing since you were a gleam in your daddy's eye and i've heard and seen it all including the idiotic notion that "this time it's different." gold bugs thought gold was going to the moon in the 1980s until it crashed and flatlined for about 20 years. same with silver. same with tech stocks in the 90s. same with real estate for about the last 20 years. and yes, the same with oil, which boomed in the 70s into the 80s before crashing hard.

there are only 3 constants in the markets...fear, greed and amatuers who buy into the notion that "this time it's different." ]]> http://seekingalpha.com/article/85872/comments?source=feed#comment-211157 211157 Mon, 21 Jul 2008 21:40:28 -0400 As for waste, I'm pretty sure steel and concrete will last far more than 200 years. And the 30t per average reactor is far better than 1000's of tonnes from coal and oil emissions from an equiv traditional plant.
Also I think you're forgetting the point of Nuclear, to cut emissions to improve the quality of the planet. Jury is still out on global warming however.
]]> http://seekingalpha.com/article/85872/comments?source=feed#comment-210931 210931 Mon, 21 Jul 2008 16:21:40 -0400 http://seekingalpha.com/article/85872/comments?source=feed#comment-210510 210510 Mon, 21 Jul 2008 09:41:01 -0400 http://seekingalpha.com/article/85872/comments?source=feed#comment-210442 210442 Mon, 21 Jul 2008 08:46:41 -0400 See Mark Twain's comments on satistics.]]> http://seekingalpha.com/article/85872/comments?source=feed#comment-210366 210366 Mon, 21 Jul 2008 07:12:49 -0400 www.eia.doe.gov/pub/oi...) and they seem to say crude inventories are at the bottom of the range for this time of year ...]]> http://seekingalpha.com/article/85872/comments?source=feed#comment-210360 210360 Mon, 21 Jul 2008 07:01:40 -0400 http://seekingalpha.com/article/85872/comments?source=feed#comment-210359 210359 Mon, 21 Jul 2008 06:52:56 -0400
07--Forget the Germans and Austrians --two cultures who will spend the next thousand years under their bed.]]> http://seekingalpha.com/article/85872/comments?source=feed#comment-210345 210345 Mon, 21 Jul 2008 05:50:44 -0400 Apart from the costs of that (any talk of 'cheap' nuclear energy, therefore, is a complete joke), man has not been able to find a safe place and to construct a material that would last for more than 200 years. Not to speak of 10k!!
Nuclear is the biggest idiocy of them all - there are reasons why germany has opted to abandon(!) it and why Austria built a plant 15 years ago - but the people voted overwhelmingly to never run it!]]> http://seekingalpha.com/article/85872/comments?source=feed#comment-210281 210281 Sun, 20 Jul 2008 23:44:46 -0400 http://seekingalpha.com/article/85872/comments?source=feed#comment-210240 210240 Sun, 20 Jul 2008 22:08:59 -0400 There is a supply of cheap energy which has nearly zero emissions... it's called Nuclear. However, until the hippies get over some shit house Soviet reactor that by their own admission was a pile of crap that melted nearly 30 years ago, this useless debate on fossils will continue.
A) Bring on Nuclear power (ala France)
B) Bring on the high power, electric car]]> http://seekingalpha.com/article/85872/comments?source=feed#comment-210225 210225 Sun, 20 Jul 2008 21:27:26 -0400 http://seekingalpha.com/article/85872/comments?source=feed#comment-210159 210159 Sun, 20 Jul 2008 19:18:41 -0400
Instead you are betting your house, your car, your way of life on the notion that there is an endless supply of cheap energy. If you really want to see an "idiotic view" you only have to look in the mirror.]]> http://seekingalpha.com/article/85872/comments?source=feed#comment-210145 210145 Sun, 20 Jul 2008 18:55:08 -0400
as for the "era of cheap energy" being over, i think i'd wait to see the effects of the next world wide recession before making such a stark judgment. i wouldn't bet the house on it.

]]> http://seekingalpha.com/article/85872/comments?source=feed#comment-210144 210144 Sun, 20 Jul 2008 18:54:10 -0400 It was political theatre I'm afraid, ironically staged by a massive speculator himself.]]> http://seekingalpha.com/article/85872/comments?source=feed#comment-210078 210078 Sun, 20 Jul 2008 16:37:44 -0400