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Michael Fitzsimmons  

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  • GE's Jeff Immelt: 'The Age Of Natural Gas Is Upon Us' [View article]
    mike904: Once again some facts: the US is only importing natural gas in relatively small amounts from Canada and Mexico mainly because pipeline infrastructure is already built, the price is so cheap, and and it is more convenient to do so. The US produces about 85 Bcf/day:

    http://1.usa.gov/y7PLBv

    and imports about 13 Bcf. While I would agree that many producers aren't making much money on nat gas wells at under $4, please check out Marcellus producers like COG and their quarterly reports. They ARE making money. And many more producers will make money once supply and demand get back in balance and the price rises to more realistic levels. What you don't seem to understand is that right now in the US, dry gas drilling in places like the Barnett and Haynesville has for all practical purposes stopped or been severely curtailed and production from these two huge nat gas resource bases is declining. This is because monster (and profitable...) wells in the Marcellus has made dry gas drilling in the rest of the shale plays uneconomic.
    Feb 26, 2014. 05:56 PM | Likes Like |Link to Comment
  • GE's Jeff Immelt: 'The Age Of Natural Gas Is Upon Us' [View article]
    Not a big deal...not unless you are living on the coastline where sea levels are rising, or affected by drought and a loss of water, or affected by one of the many ever larger storms that are ever more frequent. Right, no big deal.
    Feb 26, 2014. 05:47 PM | 1 Like Like |Link to Comment
  • GE's Jeff Immelt: 'The Age Of Natural Gas Is Upon Us' [View article]
    Of course they are - they are running a *business*. What you apparently fail to grasp is the message of the article: you can be green, and you can make products that are environmentally friendly, and you can make money at the same time. It amazes me that you find such a great combination so disagreeable.
    Feb 26, 2014. 05:45 PM | Likes Like |Link to Comment
  • GE's Jeff Immelt: 'The Age Of Natural Gas Is Upon Us' [View article]
    My thinking is out of date when you are the one that wants to go back to coal? Reality check time.
    Feb 26, 2014. 05:43 PM | Likes Like |Link to Comment
  • GE's Jeff Immelt: 'The Age Of Natural Gas Is Upon Us' [View article]
    So what, because China wants to pollute and breathe coal emissions and pollute their water (like we have in the US) we should keep doing so? Sorry, but that is a quite silly argument.

    China would *love* to get off coal, and if they had the US's supply of natural gas combined with our pipeline transport system I am sure they would do so. But they don't. So they are having to deal with all the pollution problems we had back in the early 20th century in cities like Pittsburg. Why would we in the US want to go back to the dirty past when we have a cleaner (and cheaper) alternative? It makes no sense.
    Feb 26, 2014. 05:42 PM | 3 Likes Like |Link to Comment
  • GE's Jeff Immelt: 'The Age Of Natural Gas Is Upon Us' [View article]
    What do you guys have against clean air and water and good health? It's amazing. I mean the science of burning coal is very simple: it produces a toxic cocktail of heavy metal particulates. Why are you guys such proponents of doing this when we can burn natural gas instead? It makes no sense to me whatsoever.
    Feb 26, 2014. 05:40 PM | 5 Likes Like |Link to Comment
  • GE's Jeff Immelt: 'The Age Of Natural Gas Is Upon Us' [View article]
    Blue Horshoe - and what I am saying is that I have no problem with that at all. The producers and consumers of coal have for decades put the healthcare and environmental cost of burning the junk onto the backs of the American people. If coal producers and consumers had to pay the true (all in) costs of burning it, it would never be able to compete with natural gas. Free markets should not assume the right to pollute and destroy people's health. I for one am glad the government is (finally) beginning to regulate coal emissions. But of course by now, the great majority of lakes in the US already have very high levels of mercury due to burning coal for decades.
    Feb 26, 2014. 05:38 PM | 2 Likes Like |Link to Comment
  • GE's Jeff Immelt: 'The Age Of Natural Gas Is Upon Us' [View article]
    Coal will never be "efficient" as long as it produces a toxic cocktail of heavy metal particulate matter that has to be stored (i.e. fly-ash). Even worse, the large majority of the US's most efficient coal was burned long ago. We now are working on even dirtier (and less efficient coal). Hopefully, coal consumption will continue to rapidly decline in the US as we switch to 21st century cleaner and cheaper sources.

    As for CO2 emissions, turbine efficiency is not the only factor considering natural gas emits ~50% less CO2 than burning coal and of course 100% less of the toxic particulates left over from burning coal that nobody wants to talk about (until it gets dumped into a river and fish start floating on the surface or a town's water supply stinks).
    Feb 26, 2014. 05:35 PM | 2 Likes Like |Link to Comment
  • GE's Jeff Immelt: 'The Age Of Natural Gas Is Upon Us' [View article]
    timbo: Yes, but that is the message of the article: nat gas is not only destined to be a baseload fuel due to all the advantages discussed, but it is also a very profitable business while at the same time helping to clean up our air and water and producing less CO2 at the same time. That is, being environmentally friendly and making money are not mutually exclusive.
    Feb 26, 2014. 05:30 PM | 2 Likes Like |Link to Comment
  • GE's Jeff Immelt: 'The Age Of Natural Gas Is Upon Us' [View article]
    TCG - that is a totally inaccurate statement. One of the beautiful things about natural gas is that the top-40 producers:

    http://bit.ly/1frRPGB

    produce less than 50% of the US's ~85 Bcf/day of production. This is why not even #1 producer Exxon Mobil could corner the price on natural gas and keep it from plummeting over the last few years. The reason is that nat gas production is still dominated by small and medium sized companies that pay royalties to farmers and landowners and can produce largely when they want to and shut in when prices are too low for their tastes. You have the exact opposite situation with oil, where you have OPEC and a number of very large producers that can indeed exert meaningful pressure on prices.

    So which would you rather hitch your wagon to: natural gas or oil?
    Feb 26, 2014. 01:07 PM | Likes Like |Link to Comment
  • GE's Jeff Immelt: 'The Age Of Natural Gas Is Upon Us' [View article]
    Probullrider - so you don't believe increased CO2 levels in the atmosphere can warm the planet?
    Feb 26, 2014. 01:02 PM | Likes Like |Link to Comment
  • GE's Jeff Immelt: 'The Age Of Natural Gas Is Upon Us' [View article]
    I agree that a lot of the so-called "analysis" is childish. But you have issued your fair share of "facts" that have been proved totally wrong with factual sources. Nat gas is not competitive in electricity ... the US imports most of its natural gas... etc. etc. I mean Mike, if you want to pick up the level of debate, a good start would be to fact check your own comments.
    Feb 26, 2014. 01:01 PM | Likes Like |Link to Comment
  • GE's Jeff Immelt: 'The Age Of Natural Gas Is Upon Us' [View article]
    Obama and the EPA have banned fracking? Wow - that's news to me! Was this just announced on Fox? Please state your source for that...
    Feb 26, 2014. 12:58 PM | 1 Like Like |Link to Comment
  • GE's Jeff Immelt: 'The Age Of Natural Gas Is Upon Us' [View article]
    fra52ine: my view is that the collapse in GE stock was due to Jack Welch, not Immelt. Immelt is bringing GE back to its iconic American roots as an industrial giant. And that's very refreshing to me after Welch nearly killed the company trying to make it a financial services firm.
    Feb 26, 2014. 12:56 PM | Likes Like |Link to Comment
  • GE's Jeff Immelt: 'The Age Of Natural Gas Is Upon Us' [View article]
    True Energex!
    Feb 26, 2014. 12:54 PM | Likes Like |Link to Comment
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