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John Polomny

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  • Namibia: The Next Hot Spot For Oil Exploration In West Africa? [View article]
    This is an excellent article and I was intending to write a similar one for SA. I really like how you discussed Marcio Mello and HRT. I have seen Marcio speak twice and I think the first lecture I heard him give was titled "Is God Brazilian?" because of the all the oil Brazil is endowed with. He has said many times that he thinks Nambia has more oil than Brazil, we shall see.
    Oct 26, 2011. 09:38 AM | 1 Like Like |Link to Comment
  • Uranium Miners Dig The Bidding War Over Hathor's Canadian Deposits [View article]
    The other significant event on the supply front arrives in 2013 when the Megatons to Megawatts program ends. The downblending of the Russian nuclear arsenal into reactor fuel will not be renewed by the Russians as stated by Putin. This supply has been filling the huge gap between mine supply and demand in the past. When this program ends there will be a very large supply/demand shortfall. This shortfall can only be filled with a much higher price for uranium. At current prices insufficient capital is being attracted to the uranium market to close this gap.
    Oct 24, 2011. 03:44 PM | 2 Likes Like |Link to Comment
  • David Einhorn's Actions Confirm That Gold Miners Are Cheap Relative To The Price Of Gold [View article]
    Your response is weak. Take the time to review what most of the large cap gold miners have said recently regarding the disposition of the cashflow wave they are experiencing. For example Newmont has laid out their dividend policy going forward at various gold prices. Your argument may have some weight with regard to junior exploration companies but is not accurate regarding the larger producers.
    Oct 22, 2011. 07:43 PM | Likes Like |Link to Comment
  • Why I Am Short The U.S. Solar Industry [View article]
    This comment is completely frought with rhetoric.

    "Let's not forget that the solar industry has been heavily subsidized by the governments in Germany and China for many years."

    So in your view the German and Chinese governments are smarter in allocating resources than the market? I guess the complete utter hsitorcial failure of economic central planning has made no impression on you.

    "So many, if not most, of our major industries have historically taken off and gained a foothold through US government subsidies."

    More sophistry, you have no clue what, how, when, or by who various technologies or industries form or would not have formed barring government interference in the market.

    "Too bad Congress doesn't seem equally perturbed by the billions thrown to the wind in Iraq and Afghanistan."

    This has nothing to do with the subject being discussed. The subject of wasting resources on wars is a valid discussion point but has nothing to do with solar subsidies and government employees knowing more about the allocation of resources than the market.
    Sep 27, 2011. 03:49 PM | Likes Like |Link to Comment
  • Why I Am Short The U.S. Solar Industry [View article]
    "How do you figure PV violates the second law of thermodynamics? It works, doesn't it?"

    Yeah it works for satellites, Mars rovers, and people who try and live off grid. For everybody else not so much.

    The sun is 93 million miles away so the photons are too dispersed to be a significant energy source even if you could capture 100% of them. Its called entropy.

    Actually solar could be more expensive than gas considering the capacity factor of only 20% (and thats 20% in the Southwest US not upper Midwest). You see son in the real world where most people enjoy having their food refrigerated or being heated and cooled and having the electricity available 99.9% of the time, solar does not work. What are we to do at night or when it is cloudy? Oh I guess we will have to build natural gas fired peaker plants for when your solar panels aren't producing. According to the EIA the US used 3,804 billion kilowatt hours in 2010. The burden is on you to explain how I get there with solar. Try a little experiment, every night when the sun goes down go out to the disconnect switch on the feed to your house and open it. Turn it on the next morning when the sun comes up and then report back and tell us how much fun it was living like that.
    Sep 27, 2011. 03:33 PM | Likes Like |Link to Comment
  • Why I Am Short The U.S. Solar Industry [View article]
    What do you base this assertion on? Especially considering that solar energy as currently conceived in PV and concentrated solar applications is in direct contradiction to the 2nd law of thermodynamics. No one wants to pay five to ten times the price of natural gas or coal generation for an energy source with a 20% capacity factor, and that 20% for solar is being generous. Without government propping them up or renewable mandates these things die on the vine.
    Sep 26, 2011. 07:49 PM | Likes Like |Link to Comment
  • Gold 'Believers' Appear Distraught Over Dollar Strength [View article]
    So this is personal for you? Please seek psychiatric help. Do you not understand the concept of a secular bull market. Most of you did when stocks were is a secular bull market from 1982-2000. Now because you have missed the majority of the move in gold you are getting some kind of schadenfreude from a correction in an asset class you did not have the foresight to buy when it was cheap. The political and economic conditions that have propelled gold from $250 and ounce in the late 1990's to where it is currently are still in place so I see this as nothing more than a correction. When the economic and political conditions change such that they are no longer conducive to a higher gold proice I will sell. That will probably when you will be on here proclaiming you are a buyer. But thats the way it is always is in every market.
    Sep 23, 2011. 03:37 PM | 11 Likes Like |Link to Comment
  • Gold 'Believers' Appear Distraught Over Dollar Strength [View article]
    True believers, hah. Gold has had an average annual return of close to 20% a year for the last ten years. Where have you been? Eventually the bull market will end but comparing it to real estate is apples and oranges.
    Sep 23, 2011. 03:23 PM | 2 Likes Like |Link to Comment
  • Gold 'Believers' Appear Distraught Over Dollar Strength [View article]
    Thank you for making my point. Actually the ancient Mesopotamians circa 3000 BC (did I spell that correctly) have references to a shekel which was used as an exchange mechanism and store of value. Now would you like me to name the hundreds of failed paper fiat currencies since then?
    Sep 23, 2011. 03:21 PM | 2 Likes Like |Link to Comment
  • Gold 'Believers' Appear Distraught Over Dollar Strength [View article]
    Thanks for proofreading my bio. I made the correction.
    Sep 23, 2011. 03:12 PM | 1 Like Like |Link to Comment
  • Gold 'Believers' Appear Distraught Over Dollar Strength [View article]
    The author claims in his title that gold believers appear distraught over dollar strength. Yawn. What I am distraught over is that Seeking Alpha continues to let you post articles like this here. I along with many others think gold is money as people have in different cultures for 5000 years. As it is money it fluctuates against other currencies based on many factors. While it is declining recently against the US dollar it is near the highs in CHF and EUR. Interesting how that works. As long as we have negative real interest rates, prolific spending governments, and a failing banking system we will have a continued decline in paper currencies relative to gold which will manifest itself in a higher dollar gold price. And yes we will have occasional corrections and periods of over performance among the various currencies including gold. Not really hard to understand. Carlos keep publishing your cutting edge research.
    Sep 23, 2011. 01:41 PM | 6 Likes Like |Link to Comment
  • Mongolia: Boots on the ground report [View instapost]
    It was in the works when I talked with th, whether it was completed I do not knis person. I thought he would have an impossible time doing this as you well know it is difficult even getting accurate information on the first tier companies.
    Sep 23, 2011. 09:46 AM | 1 Like Like |Link to Comment
  • Limits To Keynesianism [View article]
    "Most people, especially conservatives and those brainwashed by them, measure a positive return on government in dollars, when the true return is in an educated populace, an infrastructure that supports growth, a strong national defense, a functional legal system, all things that made and make the wealthy and improve the quality of life for everyone else."

    An educated populace? Us students continue to fall behind their peers around the world.

    Infrastructure that supports growth? US engineers give the country a D on infrastructure.

    A strong national defense? Nineteen hijackers, many with expired visas or known ties to extremist groups got into the country and with box cutters took down the twin towers and attacked the Pentagon. Top notch defense for $600 billion per year.

    A functional legal system? Yeah right, everybody I know does everything they can to avoid going into court. What so they can have their case decided by an idealogical judge or a dozen boobs. That is why many contracts and agreements have binding arbitration clauses.

    I think you may be the one that is confused on what creates wealth.
    Sep 21, 2011. 11:47 AM | 2 Likes Like |Link to Comment
  • Heckmann Corporation: It's All About The Water [View article]
    Yes I read the press release. This is similar to the water delivery solution that Heckmann does in the Haynesville shale with its pipeline. I think we will see more of this. However WTR is just talking about water delivery and does not appear to be involving itself with disposal. In my view this just further validates Heckmann's strategy as a turnkey operator. Penn West still has to dispose of the produced water. In my view there is plenty of juice in this lemon for several companies.
    Sep 21, 2011. 11:07 AM | Likes Like |Link to Comment
  • Heckmann Corporation: It's All About The Water [View article]
    I looked at it. It looks like they have done some pilot projects but I am curious why if the technology is so great why their revenue is not growing. I am wondering if the technology is ready for primetime. If it does get traction maybe Heckmann buys it.
    Sep 19, 2011. 08:34 PM | Likes Like |Link to Comment