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  • Republicans Offer Alternative Energy Bill Heavy on Nuclear, Oil Drilling [View article]
    On Jun 11 03:57 PM Fred Linn wrote:
    > If the oil companies wish to stay in business and make a profit---let
    > them produce biofuels. Biofuels can do anything that petroleum can.
    > Better. And they can use all the existing infrastructure to do it.

    5 acres of bluegreen algae produce one (1) barrel of oil per day at a capex cost of $500 per barrel. Okay, forget the cost. Never be able to meet a meanginful fraction of demand for transportation fuel, even if you covered the entire Southwest with biofuel reactors.

    If you meant corn or sugar biofuel, the cost is $200 per boe, and it takes food out of production. Biomass (garbage) and used cooking oil are only in pilot stage of development. Probably no cheaper than ethanol -- and stinky car exhaust.

    Fitz and Pickens like compressed natgas as a transport fuel, which Europeans adopted long ago, but it needs a huge retail distribution infrastructure and a couple million car/truck conversion kits.

    I think you need to run the numbers again.
    Jun 11, 2009. 06:43 PM | 7 Likes Like |Link to Comment
  • U.S. Policies, Especially Energy, Should Be Much More Strategic [View article]
    Thank you, happycajun. Always glad to follow your comments. I agree with doubleguns that Washington is marching on the road to serfdom.

    Matt Simmons made a speech at Yale recently where he spoke of a crisis in the oil business because so many senior people are nearing retirement and so few have been trained to find and produce oil. That's the scariest problem of all. Most of the pipelines and offshore rigs are rusting, and need to be replaced. But without explorationists who can actually bring in new production, we're in real trouble.
    Jun 11, 2009. 03:05 PM | 2 Likes Like |Link to Comment
  • Republicans Offer Alternative Energy Bill Heavy on Nuclear, Oil Drilling [View article]
    On Jun 11 02:28 PM lancekoz wrote:
    > Increased drilling should not be allowed without increased CAFE standards
    > and a fuel tax that creates a steady price for gas to consumers in
    > the 4 to 5 dollar range.

    Who the hell gave you permission to block domestic oil production, destroy the auto industry, and triple-tax consumers? Don't make eco-blather look worse than it already is.
    Jun 11, 2009. 02:57 PM | 8 Likes Like |Link to Comment
  • U.S. Oil Imports at Risk [View article]
    Jim is rightly worried about Pedevesa's incompetence. The workaround is Canadian tar sands at $100 bbl.
    Jun 11, 2009. 02:41 PM | Likes Like |Link to Comment
  • What's Driving Up the Price of Oil? [View article]
    posted 4 days ago:

    Certainly, some risk can be attributed to perceived dollar weakness, massive U.S. Treasury requirements, and worries about inflation. A barrel of oil tomorrow will cost more dollars than today.

    But war risk seems to be front and center in the minds of oil ministers and traders, as far as I can judge from press reports. There are too many trouble spots to say that one or two are pivotal. Rather, the background worry of peak oil has magnified a dozen supply and transportation threats into an overall sense of foreboding and a bit of paranoia about global oil insecurity.

    North Korea



    US national security

    Iraq supply

    Ukraine-Belarus www.charter97.o...

    Myanmar-Malacca transit

    Russian paranoia


    links work on my Instablog
    Jun 2, 2009. 06:00 PM | Likes Like |Link to Comment
  • Gas/Oil Ratio: Flashing an Extreme [View article]
    On May 29 08:17 AM mickeyhebert wrote:
    > Please get OFF the kick about natural gas and cars.
    > Natural gas is useful but should be for use in HEAVY/FLEET vehicles.

    Exactly backward, dude. Passenger cars and local light duty truck and bus fleets on flat terrain first.
    May 29, 2009. 09:28 AM | 2 Likes Like |Link to Comment
  • Is Oil Going the Wrong Way, Or Do We Need to Adjust Our Perceptions? [View article]
    Suncatcher has the right idea. I posted an item about war risk.
    May 29, 2009. 03:44 AM | 1 Like Like |Link to Comment
  • Friday Outlook: Commodities, Global Markets [View article]
    Bless you, David. Thanks for persevering, sharing your work with us. You're much admired and lots of us are hoping for a clean win. Every day counts.
    May 22, 2009. 04:40 AM | 8 Likes Like |Link to Comment
  • Favorable Coal Conditions Now Moving In [View article]
    I like Gregor's work. He writes with confidence and gaeity, comfortably certain of the subject and the metrics. Carbonblack's comment above cuts poor Gregor in half (I'm being generous). Reason and ambition to provide for our families is the last thing we can expect from "climate change" and "health care" advocates. Dictatorial control is precisely what they're after -- something that the free market would never give them. Competition for energy, clean air and water, safe schools and better jobs is an old story retold every day around the world. We're at a crossroads in the United States, either freedom or central planning, and the forces of destruction have the upper hand.
    May 22, 2009. 12:44 AM | Likes Like |Link to Comment
  • The Sleepwalkers' Rally [View article]
    On May 21 09:00 PM Carey Rowland wrote:
    > Life is about how we respond to whatever challenges and opportunities
    > are presented to us. We can act, individually and collectively, to
    > protect and prosper our well-being and our families. We may be robbed,
    > but we are not screwed.

    Carey, you have a nice, level tone. You sound intelligent. I won't debate any further the merits of political activism. However, if you wish to protect and prosper your well-being and family, go with the flow and remain a government employee, vote the party line, support our troops, help your neighbor, love one another, etc. In the years ahead, you will be asked to support a great many charities at home and overseas. It will always be so, that America will be stronger and freer than the rest of the world. Our bank notes and IOUs will lose less value than other paper. It's a great time to buy a house.

    Forget about the 19th century. Liberty is so-o-o like totally not tech.
    May 21, 2009. 09:42 PM | Likes Like |Link to Comment
  • Couldn't even wait until Friday: In the biggest collapse of 2009, regulators seize Florida thrift BankUnited, a failure which could cost the FDIC $4.9B. For the current crisis, only IndyMac's failure has been bigger. (table: banks gone bust)  [View news story]
    Greenback shoots.
    May 21, 2009. 08:51 PM | 1 Like Like |Link to Comment
  • The Sleepwalkers' Rally [View article]
    Moon, power to coin money exercised by Congress when it created the Federal Reserve, honored by 90 years of legislative oversight. No way you can read the U.S. Constitution any other way. The Supreme Court voided gold clause contracts and upheld paper money in the Legal Tender Cases over 100 years ago. Helvering v Davis gave FDR power to regulate every family farm and business in America in 1937. It's a done deal. We're screwed.
    May 21, 2009. 06:44 AM | Likes Like |Link to Comment
  • BAC: Where Are the Damn Cops? [View article]
    WSJ: BofA sold a block of 825 million shares for $10 apiece
    SEC filing: "sale to be privately negotiated"
    sales agent: Merrill Lynch
    attn Daniel Cummings and Brian Lehman
    signed by Lisa Carnoy, Head of Equity Capital Markets
    May 20, 2009. 09:11 PM | 1 Like Like |Link to Comment
  • Bank of America Raises a Whole Lotta Money [View article]
    "sold a block of 825 million shares for $10 apiece on Tuesday"

    After hours? -- to who?
    Who bought an $8 billion block?
    Paid cash money?
    May 20, 2009. 12:34 PM | Likes Like |Link to Comment
  • U.S. Markets Propped Up by Delirious Toxicity [View article]
    WSJ: "BofA sold a block of 825 million shares for $10 apiece on Tuesday, according to people familiar with the situation."

    Sold to who? - and why is it top secret?
    May 20, 2009. 09:55 AM | 1 Like Like |Link to Comment