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Michael Fitzsimmons

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  • Amazing News On The Nat Gas Transportation Front [View article]
    haha, "papa" and "baby" bush. i don't think the U.S. will ever be the same after "baby" bush...
    Nov 17 02:01 PM | 1 Like Like |Link to Comment
  • Amazing News On The Nat Gas Transportation Front [View article]
    @fleet: you know, i used to think that as well. but after selling a bunch of stuff on ebay, and printing out the mailing labels with delivery confirmation, i am actually very impressed (and surprised) by prices and delivery times and the automation of it all.
    Nov 17 02:00 PM | Likes Like |Link to Comment
  • Amazing News On The Nat Gas Transportation Front [View article]
    @craig - oh, sorry, that comment wasn't aimed at you. i don't really care to debate through a 3rd party. and i would agree the gov is dysfuntional. no doubt about that! that said, all that is needed is a *leader* and a *statesman*. i may be over-stating my own capability, but i swear, if i was president, and could get on TV for an hour a night for 1 week, i could get the american people behind me to solve many different problems, including, but not limited to, the foreign oil import problem, the fiscal deficits, the war on drugs, and many other issues. the problem is our "leaders" are compromised by special interest money. so we end up with welfare for the upper 1%. as bill gross said the other day: we have the best government money can buy: of the corporations, for the corporations, and by the corporations. the complete opposite of spock: the needs of the many outweigh the needs of the few. or the one.
    Nov 17 01:59 PM | 1 Like Like |Link to Comment
  • Will Increased U.S. Energy Production Kill The Gold Bull? [View article]
    not familiar with the "pastor". i would rather you tell me where i was wrong and i can debate the specifics with you.
    Nov 17 01:51 PM | Likes Like |Link to Comment
  • Will Increased U.S. Energy Production Kill The Gold Bull? [View article]
    well, if a war in the middle east, specifically against iran, takes place, yes, $200/barrel looks achievable.
    Nov 17 01:50 PM | 1 Like Like |Link to Comment
  • Will Increased U.S. Energy Production Kill The Gold Bull? [View article]
    @ari: i do agree that U.S. fiscal problems went to a whole new level with bush doubling the debt in 8 years, and that doesn't even count the 2 wars that were "off-budget" (whatever that means!). so i have to laugh when so-called "republican conservatives" pretend to be fiscally "aware" now...where were they during bush's term? grabbing the money that's where. anyhow, you say oil is such a small part of the economy, but realize that last month the oil import bill was $35 billion. and that was just about the size of the trade deficit. and it has been that way for many...many...many years. this year, the U.S. will probably send close to $400 Billion overseas for oil. you may say that is a "small" part of the economy. i beg to differ. now, some say, but fitzman, we refine some of that oil and export gasoline and diesel. and that is true. but just imagine if we reduced the 370,000,000 gallons of gasoline we consume every day and instead used *domestic* natural gas...imagine the addition exports and how much wealth we would keep in the country. the multiplier effect of $400 billion would be massive.

    wrt japan, they have been a stagnant economy for decades now! i certainly would not point to them as an economy we should strive to be!
    Nov 17 01:48 PM | Likes Like |Link to Comment
  • Will Increased U.S. Energy Production Kill The Gold Bull? [View article]
    nevertheless, you must admit, now, and recently, the dollar has been strong. that said, in the long run, i think the dollar will be replaced as a world currency by a basket of currencies as well as gold & silver. expect the chinese currency to be a big component of that basket.
    Nov 17 01:40 PM | Likes Like |Link to Comment
  • Will Increased U.S. Energy Production Kill The Gold Bull? [View article]
    @outsearch: thx. you say my premise may be in error because inflation was high in the 70's. my response would be: what made it high? my answer would be oil prices. the initial problem was fiscal deficits spending due to the vietnam war, increased social spending, and the trade deficit. nixon finally through up his hands and took the U.S. off the gold standard when a bunch of countries (switzerland, france, england) were requesting debt repayment in gold bullion. that was 1971. but that didn't make gold go up. it wasn't til a few years later when oil took off that gold spiked.

    oil up > inflation up > gold up

    here is a good wiki summary of the "nixon_shock":

    http://bit.ly/TQcaXG
    Nov 17 01:37 PM | Likes Like |Link to Comment
  • Will Increased U.S. Energy Production Kill The Gold Bull? [View article]
    @maninder : yes, i know. but it still doesn't mean those in control cannot raise or cut production as they have historical been able to do for many decades now.
    Nov 17 01:29 PM | Likes Like |Link to Comment
  • Will Increased U.S. Energy Production Kill The Gold Bull? [View article]
    @smee - thanks! wrt israel, the entire situation is very complicated and very sad. i have been saying for years now that things must change over there. if israel deserved their own country and UN recognition, then why don't the palestinians? For his role in the creation of the Oslo Accords, Rabin was awarded the 1994 Nobel Peace Prize, along with Yasser Arafat and Shimon Peres. the cccords greatly divided Israeli society, with some seeing Rabin as a hero for advancing the cause of peace and some seeing him as a traitor for giving away land they viewed as rightfully belonging to Israel. Many Israelis on the right wing often blame him for Jewish deaths in terror attacks, attributing them to the Oslo agreements. all that said, since his assassination, it seems to me that israel has become much less secure. i cannot see how their current policy toward the palastinians will lead to peace for israel. the tanks will roll in, and more people will die, and perhaps some israelis will feel better, but will anything fundamental change for the better? i think not. a very sad situation. and as time moves on, and as rocket technology gets more and more available and easier to deploy, it seems things will get worse. too bad rabin and his initiatives are gone. i think he knew the best way forward. obviously many people in power in israel disagree. a very sad situation for all involved.
    Nov 17 09:35 AM | 1 Like Like |Link to Comment
  • Will Increased U.S. Energy Production Kill The Gold Bull? [View article]
    sure those are valid reasons, but i maintain that oil is at the root of it. the U.S. was very strong until the 1960's because it produced it own oil. we were an industrial power. now, we import over 50% of our oil. so we have more people struggling, needed foodstamps etc. and we have lost our industrial power. so, you have all these people on wall street that used to make money investing in real companies doing real things. now, it is much harder to do that, so they resort to fraud, corruption, and depend on their friends at the Fed to bail them out. but again, the root cause of all these developments is foreign oil addiction. you cannot have a well built house without a good foundation. and the U.S. energy foundation has been, for decades, very unstable due to the reliance on foreign oil. this may be starting to change. and thus the article.
    Nov 17 09:26 AM | Likes Like |Link to Comment
  • Will Increased U.S. Energy Production Kill The Gold Bull? [View article]
    well, before i commit to the $10 you need to put some price targets out there. you earlier said $95 in december, but you predict a "parabolic" rise starting in jan 2013. so what do you mean by that? and, also, any bet would have to be made w/o an actual interruption in the straits of hormuz - in that case all bets are off as oil could easily go to $150-200/barrel, but that has been the case for years.
    Nov 17 09:23 AM | Likes Like |Link to Comment
  • Will Increased U.S. Energy Production Kill The Gold Bull? [View article]
    time will tell. alot will depend on fiscal cliff action and oil prices. at the same time, the U.S. dollar remains quite strong as the best house in a bad neighborhood. and it still remains the reserve currency of "default" (as opposed to "choice"...)
    Nov 17 09:19 AM | Likes Like |Link to Comment
  • Will Increased U.S. Energy Production Kill The Gold Bull? [View article]
    oh, ok...i could see that happening. and in that case, i think the Saudis would probably cut production.
    Nov 17 09:18 AM | Likes Like |Link to Comment
  • Amazing News On The Nat Gas Transportation Front [View article]
    not saying that i prefer home refueling over CNG, but a $500 home refueling appliance would lead people to buy NGVs. and once NGVs are out there, the CNG stations will come. so i view the home refueling appliance as a key way to solve the chicken-n-egg problem.

    and yes, there is a group of people who think the government can do nothing right. they are usually the same people who back the warfare state, yet don't want their taxes raised to fight the wars. they forget that government does alot of things right - the interstate hwy system for example. huge productivity gains from that investment. same is true of building out a natural gas refueling infrastructure. the payback would be very fast, and then pay dividends for decades into the future. the entire country would benefit immensely.
    Nov 17 09:16 AM | 2 Likes Like |Link to Comment
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