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Ron Reed  

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  • Net Metering Leaves Tesla Home Battery Storing A Lot Of Hype [View article]
    That is the point really. For 3500.00 you can buy a vary large generator, have it installed, tested monthly, and maintained for a long time. And after 10 years, it's still going to be operating like a dream.
    May 1, 2015. 02:24 PM | 8 Likes Like |Link to Comment
  • Net Metering Leaves Tesla Home Battery Storing A Lot Of Hype [View article]
    I'm pretty sure for 3500.00 I can get a VERY nice generator. In fact, I suspect that over 10 years I could generate much more power and pay my own pocket much more that what I could get from a Batt. Pack from TSLA.

    If the environment is your concern, man go for it, but I agree this is, at its current price, and anticipated life, a loss of money.

    BTW, for those that do have grave concerns for the environment, have you spent any time looking into the mining operations to support the REM required for this trend? I'd much rather have an oil or gas well on my land than a mine. But then, this is all for the good of the environment right?
    May 1, 2015. 02:18 PM | 11 Likes Like |Link to Comment
  • Bank Of America And A 6.1% Yield? Yes, Please [View article]
    You don't if you are a speculator you mean :)
    Apr 30, 2015. 09:29 PM | Likes Like |Link to Comment
  • Saudi oil rig counts hit record highs as U.S. cuts [View news story]
    The count of rigs operating in the Eagle Ford (basin that surrounds Houston) was at 129 on April 24, 2015.
    Apr 30, 2015. 09:26 PM | 3 Likes Like |Link to Comment
  • U.S. oil rig count falls for 20th straight week [View news story]
    No. They do not. Very few contract owners hold physical anything in the com. market.
    Apr 24, 2015. 04:58 PM | 1 Like Like |Link to Comment
  • Bank Of America And A 6.1% Yield? Yes, Please [View article]
    For the exact reason you would buy a bond over par.
    Apr 21, 2015. 06:14 PM | 4 Likes Like |Link to Comment
  • EPA will require weed resistance restrictions on Monsanto's Roundup [View news story]
    Let me play devil's advocate for a moment, what do you think will feed the population of the world in 2050? Food stuff from GMO or natural products? Regardless of what you think about MON, the products they make and energy they have invested (and spurred others to do so as well in competition) into GM seeds and products like Round-up are the only current feasible way that the world will not be eating each other in 2050. Granted I think we will see more foods come into play that most of the Western populous cringe at (insects and lab produced meat); but organic and natural grown crops simply cannot feed the world based on the projected growth we will see.

    So, either we need to make something new that will make MON and its products obsolete, or we need to start getting rid of a lot of people quite quickly, or accept that MON and its products (and peer's products) are here to stay and will multiply.
    Apr 2, 2015. 09:27 AM | Likes Like |Link to Comment
  • EPA will require weed resistance restrictions on Monsanto's Roundup [View news story]
    Lawns honestly do not have anything to do with Roundup. Yes, I realize it is used on them and marketed to them, but the bulk use of the herbicide is for farmers using Monsanto seeds modified to be immune to it. If it were mainly used on lawns, there would be no issue as the actual use would be so small as to not be an impact. Home use is in the quart a year range where farm use is in the thousands of gallons a year use range.
    Apr 1, 2015. 07:04 AM | Likes Like |Link to Comment
  • Oil briefly turns positive on report of possible OPEC emergency meeting [View news story]
    understood.
    Feb 27, 2015. 10:28 AM | Likes Like |Link to Comment
  • Oil briefly turns positive on report of possible OPEC emergency meeting [View news story]
    You are not wrong, I just think that it shows a little more than general direction. In fact, if it only shows general direction it would be current price and then current + risk-less interest rate. Since it does not, I think a little more can be read into it.

    Absolutely it can change on a moment's notice, either direction and certainly does not imply a 'fact' of direction, simply the overall tone of producer sentiment.
    Feb 27, 2015. 09:39 AM | Likes Like |Link to Comment
  • Oil briefly turns positive on report of possible OPEC emergency meeting [View news story]
    I think it just shows that the dip should not last any longer than the glut of supply. IAW, the market is sending signs that as soon as demand picks up the increase will be rather rapid.

    The storage effect is not overly large in my opinion, the cost of storage is low, or low enough that companies feel it well worth the cost. Another sign that most feel the market will pick up.

    With that said, if the market does not, there is a lot of money going to waste. Certainly if the market does not respond in the manner we think it will, the excess holdings will drive it further down in the death spiral we are all concerned about.
    Feb 26, 2015. 03:32 PM | Likes Like |Link to Comment
  • Oil briefly turns positive on report of possible OPEC emergency meeting [View news story]
    Really? You think so huh? Tell me then, what is the average completion cost for a well in SA VS. US? SA oil is profitable down to around 10.00 a barrel, no stimulation has been necessary, they are flowing up 12"+ casing on natural flow. The US has very high stimulation costs, for the Hoz. wells now being completed we are looking at in the 65-75 range just to break even, and that is using massive frac. Then they get a 2 month or so natural flow up 4.5-5.5" casing and then have to run submersible pumps just to get another 8-15 months of production from them and then they die. I work in this industry and have very first hand knowledge, maybe you do too, but your comments do not reflect it.
    Feb 25, 2015. 09:33 AM | Likes Like |Link to Comment
  • Oil briefly turns positive on report of possible OPEC emergency meeting [View news story]
    Many decades of easily produced oil remain under Saudi control. Not to mention the excess that can be retrieved under stimulation and other methods. Saudi will continue to be the oil king for a very long time.
    Feb 23, 2015. 03:06 PM | 1 Like Like |Link to Comment
  • American Capital Agency declares $0.22 dividend [View news story]
    As the choir says....AMEN!
    Feb 12, 2015. 06:09 PM | Likes Like |Link to Comment
  • Pennsylvania governor proposes new tax on nat gas extraction [View news story]
    Regardless of where you stand on the issue (Left, Right, Center) the point made is the truth that the citizens will be both the major payer as well as beneficiary of the tax. Whether that tax goes to help people that need it, into the pockets of the corporations that are out of the State, or into politician's and their supporters pockets; becomes the only question. If no tax is imposed then the locals will not see a higher price for the goods nor any positive possible outcome from more money into the State. If the tax is imposed then there is a chance that the overall State will see some positive benefit. The misuse of the instrument lies in the hands of the politicians as it always has and will continue so long as the voters allow them to do so.

    No, I am not arguing for either side here either, as I see this issue as fairly neutral economically speaking when we are faced with a local tax vs. an out of State corp. To be fair, the vast majority of the NG E&P groups in the area are not from PA so the bulk of any tax/profit is no longer applicable to this argument.
    Feb 12, 2015. 04:47 PM | 1 Like Like |Link to Comment
COMMENTS STATS
303 Comments
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