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Tom Evslin

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  • Why Natural Gas Disrupts the Energy Industry [View article]
    Reasonable proactive regulation of fracking makes sense - not hysterical after-the-fact over-reaction as in the case of the Gulf spill. But it's very hard to give credence to claims that the injection of "chemicals" a mile under the surface and in impermeable shale causes damage to ground water on the surface. The water wells and the gas wells just aren't in the same place vertically.
    Jan 20 08:30 AM | 9 Likes Like |Link to Comment
  • Bad News for Investment Banks; Good News for the Rest of Us [View article]
    Levin70:

    I hope the ECB doesn't channel Ben Bernanke - for their sake. I believe the Lehman failure would have been averted if Bear Stearns had been allowed to fail. I think it WAS good policy to let Lehman fail - even though I still hold some greatly devalued Lehman debt. I think we got panicked into TARP with thinking like that in your comment. The unintended consequences of that may be the end of capitalism as we know it since government must regulate that which it supports.
    Jun 8 07:57 AM | 2 Likes Like |Link to Comment
  • Natural Gas Bill: The Wrong Way to Get the Right Result [View article]
    The government didn't subsidize the spread of gas stations needed for cars - but they did spread. One model - and it's only one model - is that major NGproducers franchise to local operators, hardly rocket science.

    Yes, investment is required. Every investment doesn't require a government subsidy.
    Apr 28 02:55 PM | 2 Likes Like |Link to Comment
  • Natural Gas Bill: The Wrong Way to Get the Right Result [View article]
    Natural gas has hugely favorable economics without a subsidy. If T. Boone and other providers would put their business sense to work on how to get their potential customers to convert rather than on how to get the govment to make it all work, we'd get a faster conversion IMHO and would avoid distorting the economics.
    Apr 28 02:52 PM | 2 Likes Like |Link to Comment
  • Everything Is Shovel-Ready In China [View article]
    IMHO the government SHOULD apply the same regulations to itself that it does to private business - and both need reform.

    1. all permits should be given or denied within two years of application.
    2. Once a permit is granted, those who delay a project illegally should unconditionally be responsible for the cost of delay and those who seek to delay projects legally should have to post a bond for delay costs, such bond to be forfeit if they lose.

    more at http://bit.ly/vUQHyh
    Nov 15 09:37 AM | 1 Like Like |Link to Comment
  • Natural Gas Bill: The Wrong Way to Get the Right Result [View article]
    Look at the size of the opportunity for cutting the deficit!
    Apr 28 02:55 PM | 1 Like Like |Link to Comment
  • Between Verizon and AT&T, Who Wins if Sprint Survives? We Do [View article]
    I'm delighted to see so many favorable comments on Sprint. As I said in the post, it's important to all of us - not just to their investors or even their customers that they survive and prosper. Their coverage is slight in Vermont but I'm glad to hear it's better in other parts of the company; I do have confidence in their management.

    Disclosure: I don't own any at&t, Verizon, or Sprint.

    It's tough being number 3. On the other hand, there's lots of upside. Thanks for the comments.
    Jan 13 09:23 AM | 1 Like Like |Link to Comment
  • Confessions of a Stimulator: Which Jobs Don't Count [View article]
    TARP may have cost us much more than Stimulus. The price of a government bailout for banking is over-regulation - and there's no argument against it if bankers are going to be protected from marketplace discipline.

    The market WAS working and was punishing bad banking practices. The banking industry managed to convince us that we were all hostages and collect ransom. But the dollar cost - most of which'll probably be repaid - is trivial next to the systemic damage to capitalism.

    see more at Election Analysis: It Was TARP that Boiled the Tea (blog.tomevslin.com/201...) and We've Been T*RPed (blog.tomevslin.com/201...)
    Dec 31 08:15 AM | 1 Like Like |Link to Comment
  • The New Normal [View article]
    I hope you're right; I have kids and they have kids.


    On Jan 06 07:15 PM Six wrote:

    > I think you are on the right track Tom. But I don't think the big
    > push from the US gov is going to reinflate the ballon this time.
    > Consumers are done. Look at the retail numbers for Christmas, for
    > once the American people shunned the idea that the only way to show
    > someone you care is to pump up your credit card balance. Christmas
    > is hallowed ground for consumerism but for the first time in a long
    > time the American consumer passed. Historically this will be known
    > as the great moderation as people choose to live a frugal lifestyle.
    > American society will look very different just 3 years from today.
    Jan 6 09:44 PM | 1 Like Like |Link to Comment
  • The New Normal [View article]
    at least required more air conditioning:-}


    On Jan 06 05:44 PM Roger Knights wrote:

    > "I programmed a multi-million dollar IBM 7090 forty-seven years ago
    > (which had less computing power than my current $100 watch ..."<br/>
    >
    > To round that off, you might have added (in a slightly hyperbolic
    > vein) "... and weighed more than Big Ben."
    Jan 6 09:40 PM | 1 Like Like |Link to Comment
  • The New Normal [View article]
    You're absolutely right. will post on that difference soon.


    On Jan 06 05:09 PM Smarty_Pants wrote:

    > You're getting warmer.
    >
    > There's a difference between deflation (ie. lower prices) caused
    > by improvements in productivity, like in the computer industry, and
    > deflation caused by a shrinking money (or credit) supply, as we're
    > experiencing in today's environment.
    >
    > Most items whose prices are falling these days are doing so because
    > of the latter. It's not getting tens of thousands of dollars cheaper
    > to build a house, there's just less money to credit available to
    > buy it with, so the price falls.
    >
    > Deflation via productivity is a good thing. Deflation via shrinkage
    > in the supply of credit (ie. debt based money) is bad for those who
    > either hold the debt and default, or those who are creditors and
    > find that the collateral they receive won't bring enough money to
    > make them whole on the loan.
    >
    > One of the main confusing factors in the discussions regarding our
    > current economic crisis is that the term "deflation" is used as though
    > there is only one definition, when there are actually two that mean
    > vastly different things.
    >
    Jan 6 09:38 PM | 1 Like Like |Link to Comment
  • The New Normal [View article]
    Good point. The return on college loans is high in terms of future wages but it's not a given that college costs have to be on an up escalator any more than any other costs.


    On Jan 06 05:04 PM dixie wrote:

    > Let's apply this reasoning to the ever increasing cost of higher
    > education (and often resultant student debt).
    >
    > How will this expense to be borne with falling wages?
    Jan 6 09:35 PM | 1 Like Like |Link to Comment
  • A Decline In Financial And Government Sectors Is Good For The Economy [View article]
    Mexcom:

    I don't pretend this is reporting; it is editorial comment based on reporting others have done. It is clearly my opinion and my analysis of news.
    Jan 15 08:13 AM | Likes Like |Link to Comment
  • When Financial Regulation Is Justified [View article]
    I owned Lehman debt that I had a loss on. I deserved that. But you have a point that shareholders did pay even though management and counterparties didn't. Any idea why we don't do a better job of governance as shareholders?
    Nov 3 08:22 AM | Likes Like |Link to Comment
  • America's Coming Industrial Revival [View article]
    1. fracking for both oil and gas
    2. new nuclear
    3. new off-shore oil finds
    4. increased use of coal
    5. deployment of solar when and if and where it can match the other sources in price
    Sep 11 09:42 AM | Likes Like |Link to Comment
COMMENTS STATS
21 Comments
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