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Michael Fitzsimmons

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  • King Coal Takes Another Blow To The Head [View article]
    TnT: Grumpy I can deal with, calling someone stupid is uncalled for...
    Nov 16 08:25 AM | 20 Likes Like |Link to Comment
  • Peak Oil Myth: Debunking The Peak Oil Theory [View article]
    the term "peak oil" is a distraction and is irrelevant. this is what matters:

    1) we live in an era where worldwide oil production will have much difficulty keeping pace with worldwide oil demand
    2) therefore, prices will keep climbing
    3) the U.S. relies on 58% of its consumption on foreign oil
    4) the U.S. sent over $34 billion in the month of July for foreign oil
    5) this is the root cause of america's economic stagnation and decline of power
    6) the solution is to significantly reduce foreign oil imports by adopting natural gas transportation.

    further, QE simply makes things worse because bernanke doesn't get the Fitzman's 1st law of economics:

    YOU CANNOT SOLVE A COMMODITY PROBLEM (OIL) WITH MONETARY POLICY.

    period. simple as that.
    Sep 1 09:47 AM | 20 Likes Like |Link to Comment
  • Natural Gas Transportation: What's Taking The U.S. So Long? [View article]
    After working very hard for 6 years on the issue, my take is this: Congress is bought and paid for. And they are paid to maintain the status quo. This is the only possible reason that can explain why the government told Toyota the natural gas/electric hybrid was not wanted in the country. Think about it...the Prius was ok (have to fill up with gasoline at a filling station), but the nat gas/electric Camry was not because Americans would have been able to fill that up at home with natural gas (i.e. cheaper + transportation and economic freedom).
    Jun 16 06:46 PM | 19 Likes Like |Link to Comment
  • GE's Jeff Immelt: 'The Age Of Natural Gas Is Upon Us' [View article]
    Coal huh? Yeah, let's go for the dirtiest of all fossil fuels as opposed to the cheapest, most abundant, and cleanest. Makes sense to me (not). If the true environmental and health care costs of coal were paid by the producers and consumers instead of on the back of the American people, coal would be far and away not only the dirtiest fossil fuel, but also the most expensive.

    TIme to update your thought process to the 21st century - it will be the age of cleaner, cheaper, and more abundant gaseous fuels like natural gas (CH4) and hydrogen. GE and Immelt have it right.
    Feb 25 10:24 PM | 19 Likes Like |Link to Comment
  • U.S. Energy Policy Is Responsible for Unrest in Egypt [View article]
    America's 60% addiction to foreign oil is its #1 economic problem and national security problem. Instead of crafting a logical, comprehensive, and long-term energy policy, the government's response has been to try to solve this *commodity* problem with *fiscal and monetary* initiatives. It simply will not work. Further, since the U.S. dollar is the world's "reserve currency" of choice, our lack of energy policy is projecting our problem onto the rest of the world. Finance ministers in China, Brazil, Russia, and even allies such as Germany and France howled at the announcement of "QE2". But these countries can cope. It is the poor countries (such as Egypt) where the cost of food is a much larger % of daily expense that U.S. policy is felt worse. Of course, the made in the U.S.A. tear gas feels pretty bad too...

    America simply must come to grips with its addiction to foreign oil. We have a responsibility not only to ourselves, but to the world, to do so. Just as Rome and England lost their title of reserve currency, so too will the U.S. if it does not get its house in order. Meanwhile, U.S. "policy" is causing havoc the world over. Oh, and I forgot to add that Egypt is the #2 recipient of foreign aid from the U.S. (after Israel). And its policies are *reducing* the safety and security of both countries.
    Jan 29 04:50 PM | 19 Likes Like |Link to Comment
  • Exxon Mobil Needs A Big Dividend Hike This Year [View article]
    Bruce7b: the problem is I have been hearing that same argument about buybacks for years now and it hasn't led to significant returns on my shares. There is simply no explanation for why Exxon cannot pay a dividend that is at least competitive with its peer group. One could argue that if Tillerson and crew's stated objective really is "superior returns", a good place to start would be getting out of the cellar when it comes to dividend yield. I made that argument.

    As for selling the shares, there are many long-term shareholders who are sitting on significant capital gains and selling the shares is simply not a rational move. At the same time, these long-term shareholders (many of them elderly), cannot get a rate of return on CDs and bonds and are therefore much more dependent on their stock holdings for income. And that is why the exceptionally low XOM yield is a big problem.
    Mar 7 12:56 PM | 18 Likes Like |Link to Comment
  • Global Warming Will Push Gold Higher [View article]
    one can certainly pick-n-choose the reports, magazines, and people it reads and listens to. in this case, i tend to rely on my own engineering background as well as my own eyes. it just amazes me that people can observe the frequency and severity of the storms, droughts, wildfires, and record temperatures and photos of the ice caps rapidly shrinking and not say to themselves, hmmmm...maybe something is happening here! what if i am wrong in my fixed ideology?
    Nov 2 10:19 AM | 18 Likes Like |Link to Comment
  • U.S. Energy Policy Is Responsible for Unrest in Egypt [View article]
    zow-eee! good one. you can see from some of the comments to this article that many so-called patriotic Americans howl with protest at the thought of reducing foreign oil imports, reducing the amount of money flowing to Arab oil producers, reducing the amount of money leaving the country every day, and reducing the number of our men and women dying in foreign countries. i believe this completely validates your comment. that is why rush L. gets paid over $1 million a day....to dumb-down America. apparently, the people who pay rush are getting their money's worth.
    Jan 30 08:08 PM | 18 Likes Like |Link to Comment
  • U.S. Energy Policy Is Responsible for Unrest in Egypt [View article]
    hey - you finally got something right, my articles DO support natural gas transportation (duh!). but fueled by domestic natural gas production (can't you read?). why must i always debate what i do NOT write every time i respond to one of your comments? if you think i am so wrong on everything, why can you not debate what i actually write? i mean i know you love using foreign oil and enriching Arab oil producers, but please, make your case based on what i write. otherwise, you just appear to be grasping at straws and desperate to change the subject since you simply cannot have a rational debate.
    Jan 30 08:18 AM | 18 Likes Like |Link to Comment
  • U.S. Energy Policy Is Responsible for Unrest in Egypt [View article]
    there is absolutely no signficant difference in energy policy between Bush and Obama. the U.S. still has no comprehensive energy policy, we are still oil and coal centric, we are continuing (and expanding) the ridiculous Bush ethanol mandates, and we are pushing the electric car architecture (limited range, unknown battery reliable + replacement cost, recharged by coal, no refueling infrastructure, high cost) and ignoring the most superior solution:

    www.caranddriver.com/n...

    this natural gas/electric hybrid is superior in terms of cost, emissions, reliability, and has a much smaller battery pack. no wonder the U.S. government keeps it out of the country - this architecture is the perfect solution to reducing foreign oil imports!

    oh, i suppose the drilling moratorium would be a big difference, but i was more talking about a long-term strategic difference. and there is no difference there.
    Jan 29 05:07 PM | 18 Likes Like |Link to Comment
  • Foreign Oil Dependency: The Root Cause of America's Economic Pain [View article]
    you can rationalize all you want, but the truth is we are sending $30 billion dollars out of the country every month. that is why we are in debt more than all other nations of the earth combined and why china will own us lock stock and barrel. your illusion to camel jockeys is particularly ironic since the policy i suspect you favor is enriching our supposed arab "terrorist enemies" beyond belief. then we send our young men (and even women!) over to fight them. there is no logic to this "strategy" and it is completely unsustainable. further, unless you are pretty old, you will see the results of this disaster in your lifetime. you have already seen over the last few years, and are seeing now, the unraveling of the entire charade after the $147/barrel oil price of 2008. stay tuned, it will get much worse before it gets better unless we change our ways very very soon.
    Nov 28 10:12 PM | 18 Likes Like |Link to Comment
  • Cummins' New 12-Liter Natural Gas Engine Is A Game Changer For Clean Energy [View article]
    Daniel: I beg to differ. I pointed out two facts to back up my assertion:

    1) Kenworth, one of the biggest sellers of long-haul trucks, has already adopted the engine and released a product.
    2) The CEO of Chart pointed out that since the release of the engine, the company saw a "surge" in LNG tank orders, selling more tanks in Q3 than in all of 2012.

    You must have missed the quote the first time - perhaps you should re-read it.

    While you point out that natural gas engines are scarcely new, you apparently did not read the articles I linked to talking about how long-haul fleet managers have been hesitant to embrace nat gas because they needed more power. This engine, with 400 hp and great low-end torque, solves that problem.

    As for data on # of engines sold, Cummins Westport has not released that data yet, so how can you expect me to report on it? If you wait until all the data is out before you invest, you'll be on the late show.

    As for gallons delivered, most people understand without being told that long-haul trucks are the biggest consumers of diesel in the country and typically put 100,000 miles per year on the truck. At 5-10 mpg, that is in the neighborhood of 10,000 gallons of natural gas per year per truck. You are correct that I should have included these metrics to the article, and I wish I would have.

    But I am not sure why you have such a negative view of the article and the topic. Speaking of evidence, you gave no evidence that the engine is not being well received or that there are any technical or engineering reasons why it will not be. All indications are to the contrary - the engine has been very well received and it is, indeed, a game changer.
    Nov 6 11:42 AM | 17 Likes Like |Link to Comment
  • Global Warming Will Push Gold Higher [View article]
    i'll stick with global warming because that is exactly what's happening. regardless of how we label it, the root cause is increased CO2 and particulate emissions by man. we can ignore it (and pay the consequences), or take action to mitigate the causes and the resulting economic and humanitarian costs.
    Nov 2 08:37 AM | 17 Likes Like |Link to Comment
  • U.S. Energy Policy Is Responsible for Unrest in Egypt [View article]
    it is american (and israeli) policy that has forced iran to seek nuclear weapons. what would america do if it had none and russia had troops in canada in mexico? this is how iran feels. bush's "axis of evil" speech insured north korea and iran would be on the fast track to nuclear weapons. it wasn't MF that drove them there - it was the same idiotic American foreign policies in iran, iraq, egypt and across the middle east that is responsible. you argued before about my viewpoints and how i pointed out that American policy was bad for Israel's security - what do you think now? what will you think if an Islamic fundamentalist gov comes to power in Egypt? do you think Israeli security on that border will be better? your statement that low oil prices led to unrest in Egypt is laughable. lastly, it doesn't matter where the oil comes from if its foreign - its money *leaving* the country when we are already bankrupt .
    Jan 30 08:13 AM | 17 Likes Like |Link to Comment
  • Natural Gas Transportation - Why Not? [View article]
    thank you andy. it's always nice to see someone with reading comprehension skills.
    Feb 12 09:59 AM | 17 Likes Like |Link to Comment
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