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Mick Weinstein
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Mick was editor-in-chief and VP of Content at Seeking Alpha from November 2005 to April 2010. He's now the head of content at Covestor. Contact him by emailing mbweinstein (at) gmail.com or follow him on Twitter (http://twitter.com/mickwe) or on his Tumblog (mickw.com).
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  • SA Editor's Corner: Claims of corporate fraud on Seeking Alpha 25 comments
    Jun 18, 2009 3:52 AM

    We welcome well-researched articles that take a critical look at a company's core business, stock valuation, strategic positioning or other factors pertinent to investing in the company's stock or fund. The best writeups in our short ideas section have such characteristics, whether or not the author is actually short the stock, ETF or CEF.

    But when contributing SA authors move beyond these areas of critique and make claims of outright criminal fraud in the management of publicly-traded companies or fund providers, we generally will not publish the article. In any given case, the author's claims may or may not be accurate, but it's simply beyond the capacity of our editorial team to research the claims in the manner necessary before we could responsibly publish it. This, because the very act of publishing such claims on a broadly-read and influential financial website grants immediate legitimacy to the claims that may not be justified. We therefore believe that claims of corporate fraud are best handled by regulators and law enforcement officials first.

    There are grey areas with our policy of distinguishing between these two types of critique. We recently published a series of articles by an author, Dan Plettner, who made claims of mismanagement at Boulder Investment Advisers, LLC. As a stockholder in one of Boulder's CEFs, Plettner argued aggressively that management was not acting in the interest of shareholders and claimed that management's and shareholders' interests were not appropriately aligned. Plettner also made strong personal charges against BIA managment. At the time of submission, our staff editor felt that Plettner's position did not cross over into claims of outright fraud at BIA, and published his articles.

    We received a letter this week from BIA that encouraged us to revisit the matter. Upon further review, we now believe that Plettner's articles can reasonably be understood as making claims of criminal fraud at BIA. We have decided, therefore, to remove the articles from Seeking Alpha while Plettner pursues the matter through law enforcement channels.

    We generally prefer not to remove articles entirely from our archive. Removal both wipes out the historical record of the article and breaks any incoming links from around the web - both are bad practice for an internet publisher. But in this case, the headlines themselves of Plettner's articles made strong claims against BIA management that could be reasonably understood as accusations of fraud. So we decided to deviate from our normal practice of keeping disputed articles in place - with text removed and an editor's note added - and remove the article entirely. 

    As Seeking Alpha's stature and readership has grown, we receive more and more article disputes from both our readership base and corporations. (See our policy for disputing an article.) Most disputes concern claims of fact on SA. We spend a great deal of time assessing these disputes and working with authors to resolve them. We consider this post-publication fact-checking a core activity of our editorial team and a unique (and essential) aspect of the SA editorial model.

    The Pletter/BIA case was unusual because it was less about claims of fact and more about claims of fraud. It's the first time I can recall we removed an article on this basis post-publication.

Back To Mick Weinstein's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (25)
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  • one eye
    , contributor
    Comments (647) | Send Message
     
    Let me get this straight.

     

    Fraud worries you, because some Corporation might view your Keeping of these Articles as Acceptance but Articles which Are Not Factual, where an Author admits to Fabrication, These Articles are Okay to keep even if SA readers mistake their content as Verifiable Facts?

     

    There you Are, SA readers. This is your SA.
    13 Jul 2009, 05:53 PM Reply Like
  • Sober Realist
    , contributor
    Comments (531) | Send Message
     
    "Reasonable discussions are one thing, discussions which involve Personable Abuse are another." --- I agree with that, but what about some amusing banter like the following:

     

    "James

     

    Actually, its interesting you mentioned a study involving horoscopes. Just before I saw your reply, I was thinking reading your article was like reading a treatise on astrology applied to history. And your response to this person's post is a good sign of your "prophet of doom" mentality. I never read so much psycho-babble in my life. You seem like an intelligent guy, but you are sadly disillusioned and wasting your time making up new historical epochs and squeezing them into your theoretical boxes and adorning them with odd cultural references. And as I can see from your previous series of articles, which always take two or three posts to make a simple point, you are also a gasbag. If you want to read another writer who believes history works in this sort of dialectical fashion, I can lend you some Karl Marx.
    On Jul 13 02:30 PM James Quinn wrote:

     

    > Read the book before you open your trap. Ignorance like yours is
    > why we are in this situation.
    seekingalpha.com/user/...

     

    The authors response was less than witty:
    " FU Douchebag.
    Succinct enough for you?"
    seekingalpha.com/autho...

     

    Sounds like the author's comments should be deleted?

     

    14 Jul 2009, 01:31 AM Reply Like
  • harammph
    , contributor
    Comments (98) | Send Message
     
    I Made this comment to Mr. James Quinn "Mr. JQ: Since Freya did not take a "shot" at your Article but Rather at your responses to anyone making a Query that You don't like, your following comments tell the whole story:

     

    "You googled 4th Turning and now you're an expert. I love when people take shots at an article and are outraged when I fire back at them. You and Freya are little thin skinned. I don't give a crap what SA does with my responses. If you don't like it, d...".

     

    Another one of your comments:

     

    "I have no need to advertise, since I make no money from my site. I like intelligent discussions of the issues. The people I reply to with a "lack of civility" are the pompous know it alls who dismiss the facts because it doesn't fit their comfortable view of the world. I believe in the eye for an eye approach. If you throw a rock at me, I'll throw it right back."

     

    "You have no need to advertise", you say. Then Why is SA littered with your "wordless" ads?

     

    Advertising is Advertising. It doesn't matter whether its done for Money, Respect, Personal Glory or Zealotry for a certain view.

     

    The People who disagree with you are "Pompous know it alls".

     

    I agree with the Article, I disagree with your rude, abusive responses"

     

    I had to stick it in here just in case it was deleted "By Accident".

     

    This Author is a person that has Openly stated that the ToU does not apply to him. Anyone disagreeing is open to abuse. He Spams the Blog, but is anything done about it? Of Course Not, The Rules do not apply to our Favorites.

     

    15 Jul 2009, 03:25 AM Reply Like
  • Mick Weinstein
    , contributor
    Comments (105) | Send Message
     
    Author’s reply » One Eye and Freya, I'd really like to understand better what you're referring to. Note that we have an article dispute process that we invest a lot of time on - please use it to dispute any fact in any article, and we'll look into it:
    seekingalpha.com/artic...
    15 Jul 2009, 05:59 AM Reply Like
  • Mick Weinstein
    , contributor
    Comments (105) | Send Message
     
    Author’s reply » Separately, Freya, the Editors' Pick tag does not mean that every factual claim within the article has been researched by our editorial team. It simply means that the editor who posted it thinks it is an exceptional post. While we try to check any facts that look suspect to us at the time of submission, we rely much more on our readers to dispute facts in articles, via our article dispute process:
    seekingalpha.com/artic...
    15 Jul 2009, 06:05 AM Reply Like
  • one eye
    , contributor
    Comments (647) | Send Message
     
    Mick: your readers comments are removed, "report abuse' is ignored, thumbs Up erased.

     

    When Michael Fitzsimmons called me a Liar and I proved afterwards that he was committing Libel by making the accusation in the First place, I clicked Report Abuse.

     

    When Mr. Fitzsimmons continued with his Personal Abuse, I kept reporting him, But Then when on his Own Instablog, He Called me:

     

    " A cancerous black hole of a human being" and I posted the remark to others, Not Only was he allowed to alter his comment and to continue the same abuse in the rest of the comment but he has had removed comments of others remarking on that Abuse.

     

    On Sep 16 10:47 PM optionsgirl wrote:

     

    > One Eye: My comment was removed. I want you to know that I did respond
    > when he called you a black cancerous hole. Sep 16 11:00 PM |Report abuse| Link | Reply 00

     

    What part of The ToU allows this behavior. Once Votes are registered, who among you is allowed to alter them?

     

    Why are my personal rights abused when I prove that MR. M. Fitzsimmons has Lied about what he has written in the past and Now continues to Lie about me personally?
    17 Sep 2009, 03:32 AM Reply Like
  • optionsgirl
    , contributor
    Comments (5063) | Send Message
     
    I am sorry. I was mistaken. I found my comment. It is still there.
    17 Sep 2009, 03:47 AM Reply Like
  • optionsgirl
    , contributor
    Comments (5063) | Send Message
     
    Here was the correction:

     

    * optionsgirl:
    * Comments (884)
    * • Instablog (34)
    * • StockTalk (17)

     

    * Follow

     

    oh, for some reason it is on MF's site, but not on my comment stream. Whatever. Maaybe it;'s a glitch and maybe I missed it. At any rate, I don't understand why the treatment at SA is so uneven. If there was another platform with good investment stories, I'd go there. If you find one, let me know. I'm game. This is downright toxic.

     

    On Sep 16 10:47 PM optionsgirl wrote:

     

    > One Eye: My comment was removed. I want you to know that I did respond
    > when he called you a black cancerous hole.
    17 Sep 2009, 03:59 AM Reply Like
  • one eye
    , contributor
    Comments (647) | Send Message
     
    OG: your comment is on MF's site? What site? Its certainly not on his recent Instablogs.

     

    but it really doesn't matter, Abuse is Abuse. His words are undeniable and the fact that his comment was altered only to the extent of removal of the:

     

    "cancerous black hole of a human being", the rest of the comment is as abusive and still includes the "black hole" words..
    17 Sep 2009, 06:16 AM Reply Like
  • doubleguns
    , contributor
    Comments (8381) | Send Message
     
    OE, I read the "cancerous black hole of a human being" comment. I did not realize he had altered the comment to remove it. When did that happen.
    17 Sep 2009, 07:18 AM Reply Like
  • one eye
    , contributor
    Comments (647) | Send Message
     
    DG: Who knows, it was there when I noted it, and it was removed From the Comment Itself after I spread it around. I didn't know that one could just "alter" the Internals of a comment without some sort of acknowledgement of the Change.

     

    I mean, wouldn't it have to register as a Brand New Comment?

     

    17 Sep 2009, 01:23 PM Reply Like
  • doubleguns
    , contributor
    Comments (8381) | Send Message
     
    I wish I could alter a comment to correct all of my typo's and miss spelled words. I think a flag should pop up after a correction that it could be clicked on to see the prior comment in its previous form.
    17 Sep 2009, 02:43 PM Reply Like
  • one eye
    , contributor
    Comments (647) | Send Message
     
    I have just been informed in no uncertain terms, that this has happened before.

     

    When Conan the Barbarian was deleted his last comment Protesting Being Called a Traitor to his Country was also deleted and the The Comment of the Person who made the accusation was none other than Mr. Fitzsimmons whose comment stream was "cleansed". Conan was working with Mary Hunt at the time but she abandoned him, possibly on Orders.

     

    Mary Hunt? Take a look at her picture, I follow her because of her Early involment in this misadventure. Look through her comment stream, Integrity from Day One.

     

    The Minions aren't alone in their support of Mr. Fitzsimmons, the hierarchy is also cleaning up for him as well.

     

    It would be nice to see a Picture of MF.
    17 Sep 2009, 04:27 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5063) | Send Message
     
    it is terrible! that's why i wrote to you that if you find a better investment site I would like to follow you there.
    Yes, I found the comment after I had written to you, so I sent you another message indicating that right after I located it.

     

    On Sep 17 06:16 AM one eye wrote:

     

    > OG: your comment is on MF's site? What site? Its certainly not on
    > his recent Instablogs.
    >
    > but it really doesn't matter, Abuse is Abuse. His words are undeniable
    > and the fact that his comment was altered only to the extent of removal
    > of the:
    >
    > "cancerous black hole of a human being", the rest of the comment
    > is as abusive and still includes the "black hole" words..
    17 Sep 2009, 04:33 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10802) | Send Message
     
    Have you looked at tickerspy.com? I read and post there regularly and they have some tolerably good tracking tools once you adjust for the system they use for input.

     

    On Sep 17 03:59 AM optionsgirl wrote:

     

    > Here was the correction:
    >
    >
    > * optionsgirl:
    > * Comments (884)
    > * • Instablog (34)
    > * • StockTalk (17)
    >
    > * Follow
    >
    > oh, for some reason it is on MF's site, but not on my comment stream.
    > Whatever. Maaybe it;'s a glitch and maybe I missed it. At any rate,
    > I don't understand why the treatment at SA is so uneven. If there
    > was another platform with good investment stories, I'd go there.
    > If you find one, let me know. I'm game. This is downright toxic.
    >
    17 Sep 2009, 04:36 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5063) | Send Message
     
    from agnostic gas post:

     

    Michael Fitzsimmons picture Michael Fitzsimmons
    Follow
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    Following

     

    You are currently following Michael Fitzsimmons
    Stop Following

     

    You are no longer following Michael Fitzsimmons
    About this author:

     

    * Michael Fitzsimmons' articles on Seeking Alpha

     

    back to yahoo finance add to my yahoo back to cake

     

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    Nothing is a better testament to Congressional dysfunction than this recent article in the New York Times about the "progress" of the natural gas bill working its way through Congress. In the article, Aubrey McClendon, CEO of Chesapeake Energy (CHK), aptly sums up the situation. "Never in my life have I been confronted with something so obviously easy and good to do and have such Congressional apathy."

     

    Does anyone really believe that it is both physically and economically possible to drill a hole in the ground and pump millions of tons of CO2 into the hole? Even if this were true (it is not), why not start with a fuel (natural gas) that emits 50% less CO2 than coal in the first place? Meanwhile, solely focusing on CO2 emissions ignores the even bigger problem of toxic metal particulate remnants from burning coal. But I guess when you build a big enough store of those pollutants, you just allow most of it to run into the Tennessee River and then dig a big hole in Cumberland County, TN to bury the rest.

     

    The big picture here is that the oil and coal lobbies are flush with cash (and politicians) after decades of subsidization by the US government. The newly created natural gas lobby is not doing a good job of dealing with the entrenched powers that be. While the nat gas lobby has begun a necessary campaign in Washington, DC, they cannot be successful with this strategy alone. The oil and coal powers are too entrenched and too powerful. The only way the natural gas lobby can be successful is going straight to the American people. In this respect, they are failing miserably. They must start advertising the advantage of having a Fuel Systems Solutions (FSYS) "Phill" to fill up your vehicle in your own garage. They have to make the other states feel incompetent by playing up states like Utah and Oklahoma where folks are filling up with US produced natural gas at half the cost of foreign oil derived gasoline.

     

    The natural gas lobby needs to work with Toyota (TM) to help make their natural gas/electric hybrid concept car a reality by bundling it with an FSYS "Phill" as a home based solution to reduce foreign oil imports. Most Americans are not even aware of such a solution and the natural gas lobby has done a poor job of educating them. The nat gas lobby must become more proficient in showing the economic consequences of the US being addicted to foreign oil (a negative S&P500 for the last 12 years, a falling US dollar, going bankrupt fighting oil wars, etc. etc). They simply must play hard ball. It's obvious that the coal and oil interests have been, are, and will be doing so. The natural gas lobby needs to take off the gloves. If the natural gas bill fails to enact robust natural gas transportation and electricity generation policies, it will be the natural gas lobby's fault for failing to make the case to the American people as it is the people who must threaten to kick the bums out of office if they don't support it.

     

    Meanwhile, market activity today is reminiscent of the pre-collapse days. The US dollar is sharply lower while oil and gold are higher. The big difference now is that foreign countries, first Russia, then China and Brazil, finally even Germany and France and the United Nations itself are clamoring for an alternative to the US dollar as a world reserve currency. This will be the nail in the coffin of economic independence for the US and guarantees the "new world order" that Bush #1 first spoke of and that Bush #2 (and now Obama...) worked so hard to enable. Who can doubt that the combination of US government debt and foreign oil addiction based wealth outflow will eventually mean the end of the US dollar? I mean, is there a bigger Ponzi scheme than the US Treasury and Federal Reserve? If Madoff goes to jail, where do Paulson, Bernanke, and Geithner go? I'd love to ask Ron Paul that question.

     

    The only cure for eventual US insolvency (and loss of sovereignty) is a strategic long-term comprehensive energy policy that reduces foreign oil exports, invests in natural gas transportation infrastructure with an eye toward a future hydrogen based economy, and a reduction in US deficit spending. Still, Congress is asleep and content to support failed 20th century liquid and solid fuels like oil and coal while ignoring the one domestic fuel that is cleaner, cheaper, abundant, and can significantly reduce foreign oil imports: US produced natural gas.

     

    So what is the American investor to do? Buy gold and buy oil and get out of broad US equity investments like the S&P500. Owning ExxonMobil (XOM), BP, Chevron (CVX) and ConocoPhilips (COP) will protect your purchasing power (at least until Wall Street itself implodes) from the next big spike in oil prices which I expect within the next 2-3 years. Petrobras (PBR) and StatOil (STO) are oil plays that will also benefit from a falling US dollar. Investing in gold bullion and other precious metals buried in the backyard (or GLD for those that think paper gold is gold), a big garden, a fish pond, and some hunting property are also good strategies. Meanwhile, expect a rebound in natural gas prices as depletion rates kick in supplies begin to fall.

     

    The US is missing a great opportunity to build our natural gas infrastructure and rejuvenate the US auto industry with NGV conversions and nat gas/electric hybrids. The natural gas lobby must share the blame with Congress for this unfortunate state of affairs.

     

    Disclosure: Long COP and gold.
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    o aber:
    o Comments (14)
    o Follow
    i'm in Italy and i have a NG gas car , (it was a regular gas car but i have it transformed , still can use the regular gas tank)
    i'm more than happy about how much i've saved on gas .
    here we are using a lot of this cars
    anyway the 3 tanks in the back of the car (each at 3000psi pressure, same a scubadiving tank) are quite heavy and i hope i will not have any car accident ,in that case if the tanks will get really damaged i guess i will be in BIG trouble...more than if i have jus regular gas
    so now i drive more carefully
    Sep 09 08:12 AM |Report abuse | Link | Reply
    +8 0
    *

     

    o redbaron:
    o Comments (316)
    o Follow
    While I share your concern on the lack of a national conviction moving towards natural gas, I am not as negative on the overall eventual outcome as the author seems to be. What seems obvious to those of us who are invested in natural gas, is not as obvious to the rest of the country. We all tend to want things to work out our way 'NOW', but usually it takes a little longer. Patience, Fitzman. This will come with depletion of the natural gas surplus that has been created. IMHO
    Sep 09 08:16 AM |Report abuse | Link | Reply
    +6 0
    *

     

    o receipt:
    o Comments (32)
    o Follow
    It appears the wiff of change is in the air! Extremely brief ticker information last night on Bloomberg television about some potential for conversion of U.S. power generation to natural gas.

     

    ALL ABOARD!! The train has begun leaving the station.....and this is your one chance to ride it up the mountain. Suggest going long natural gas through Horizons BetaPro NYMEX Natural Gas Bull Plus (HZBBF) which seeks to correspond to two times (200%) the daily performance of the New York Mercantile Exchange (NYMEX) natural gas futures contract for the next delivery month.

     

    TICKETS PLEASE
    Sep 09 08:22 AM |Report abuse | Link | Reply
    0 -1
    *

     

    o tripleblack:
    o Comments (107)
    o • StockTalk (3)
    o Follow
    o •
    o Stan Bruns Illustrations
    I agree. NG is the way to go for America. This coming election in 2010 SHOULD include a lot of debate on this topic, which debate may finally see some fires lit under the wide fannies of our political leadership.

     

    I am long NG and the pipeline/service providers.
    Sep 09 08:32 AM |Report abuse | Link | Reply
    +6 0
    *

     

    o John Petersen:
    o Comments (1538)
    o • Instablog (13)
    o Follow
    o •
    o Fefer Petersen & Cie
    o |
    o ipo-law.com
    The biggest problem NG faces is that nobody understands that it's different from its traditionally more important sister oil. My back of the napkin performance figures for a CNG HEV are stunning. The darned thing would be within 10% of an EV in terms of CO2 emissions and at least 25% cheaper to buy. When you factor in the reality that all of the fuel revenue would stay in North America instead of going elsewhere the logic is undeniable. I find it particularly curious that Toyota and Honda seem to be stepping away from the plug-in circus and taking a hard look at natural gas.
    Sep 09 08:48 AM |Report abuse | Link | Reply
    +16 -1
    *

     

    o ktchnsnk:
    o Comments (22)
    o Follow
    Both amazing & depressing to reflect on how much more good we would be doing ourselves if even SOME portion of the funding spent on "cash for clunkers", electric vehicles, TARP & the health care boondoggle were put into nat gas for transport infrastructure instead.

     

    And why would anyone oppose it ? Not "Big Oil", since they own the gas, at decade low prices, and in quantities too big to store, as well. Not labor - just building the infrastructure alone would surely create tens of thousands of jobs. And not true environmentalists or anyone concerned about our economy either, for all of the fine reasons listed in the above article.

     

    Really have to wonder - if Obama REALLY wants this country to succeed, why the silence, why isn't HE making it a TOP priority?
    Sep 09 09:03 AM |Report abuse | Link | Reply
    +16 0
    *

     

    o AO:
    o Comments (3)
    o • Instablog (1)
    o Follow
    Natural gas manifesto; May the flame be light unto us!
    Every “mcf” of United States natural gas that is produced and consumed will not only benefit every citizen of our nation, it will also make this world a better place and pay real and tangible dividends to future generations.

     

    Total world demand for oil will be reduced and the world price for oil will be lower. Energy for developing nations will be less expensive.

     

    The world’s ecological / environmental situation will be improved due to lower “greenhouse gas” emissions.

     

    Development of this nation’s natural gas provides real and absolute stimulus to our economy and credit system. This type of tangible absolute stimulus with its multiplier effect will produce significant and ongoing dividends for our nation.
    Not only will the United States’ economy be stimulated, the dollar will be strengthened. Our nation’s deficits will be reduced more quickly.

     

    The United States will be less vulnerable to “financial coercion” by foreign powers; the wealth now being transferred to oil producers will remain in the United States and can be used to benefit this nation’s future generations.

     

    As the tangible benefits to the world and the United States are significant and compelling, there must be a single historic legislative act that articulates, memorializes, and provides gravitas to this monumental undertaking to ensure the future of the American dream and our national security.
    To wit;

     

    The United States of America Proclamation for Increased Energy Security (US PIES); Natural Gas Act of 2009

     

    To move as expeditiously and conclusively as possible to avoid any further energy crises and in light of the now abundant supplies of natural gas with which our nation is blessed, the Congress of the United States of America hereby sets forth the Natural Gas Act of 2009 to bridge this nation’s destiny to increased energy independence.

     

    In that our national security and economy are threatened and may be perilously further threatened and compromised by our nation’s current over dependence on imported oil and the concomitant transfer of our national wealth, it is imperative and essential our nation move with purpose and urgency to employ our God given natural gas resources and in so doing ensure the future strength and prosperity of our nation by increasing our energy security by reducing our dependence on foreign oil.
    Elucidation: May God Almighty help forge these words with the flame of His Truth and Wisdom.

     

    Illumination: Let the guiding light for this nation’s energy future be the glowing embers of the spirit of the Americans’ that have sacrificed and continue to sacrifice for our freedom, security and liberty to prosper. May these flames be light onto us.

     

    The United States currently imports the majority of its oil from overseas National Oil Companies (NOC’s). This debilitating situation can be remedied.

     

    Recent American technological breakthroughs, horizontal drilling and multi-stage fracture stimulation of reservoirs, have made the drilling and completing of natural gas wells much more efficient and productive and vast new reserves new of natural gas accessible here within our borders.

     

    According to a recent study by Navigant Consulting Inc., the United States now has an estimated 2,247 trillion cubic feet of natural gas reserves, enough to last approximately 118 years at 2007 demand levels.

     

    In that the world’s ecological future and world peace may be threatened by “global warming” and or having reached or in time soon reaching “world peak oil production”, it is imperative and essential our nation move with purpose and urgency to employ our God given natural gas resources and in so doing ensure to the maximum extent of our ability the energy security of the Untied Stats, the future world’s peace, prosperity and environmental harmony.

     

    Note; this would be an expanded version of the New Alternative Transportation to Give Americans Solutions Act, that includes incentives for gas fired power generation and natural gas producers.

     

    I realize all the above is easy to write and will require great effort and will not be unanimously embraced; however, there is much to be gained if we act.

     

    There is all too much to be lost, if we do not act.

     

    It is our American spirit and energy that make this nation great.

     

    This natural resource is no longer supply constrained. It is demand constrained. U.S. gas supply increased by an unprecedented 8% in 2008 compared to 2007. The aforementioned new technologies make further substantial increases in our natural gas supply and consumption viable.

     

    The development, distribution, and consumption of these abundant natural gas reserves provide the currently sought economic stimulus and creates powerful lasting long term dividends to this nation not seen since the construction of the interstate high system in the fifties or the WPA.

     

    Natural gas is the fuel to power this nation’s economic resurgence as the world’s largest and most dynamic economy.

     

    Natural gas is the “fast lane bridge” to this nation’s reducing dependence on imported oil.

     

    Natural gas is the cleanest burning hydrocarbon fuel. Natural gas emits 45% less carbon dioxide than coal and 30% less carbon dioxide than oil. This transition fuel will provide the “time bridge” until solar, hydro, wind-power, and cleaner coal technologies become more available and cost effective.

     

    New clean burning “natural gas” powered electric plants need to be constructed to reduce “greenhouse gases.”

     

    Natural gas is the fuel for this nation’s future prosperity and growth. Increasing demand for natural gas will create tangible and lasting economic benefits for this nation; tangible and real and long lasting economic dividends and expeditious environmental benefits.

     

    In line with the previously cited Navigant Consulting Inc. study, if we immediately doubled our current annual consumption we would have approximately sixty years to implement current “renewable” energy technologies and other heretofore undiscovered new technologies.

     

    Boone Pickens Plan has stated every thousand cubic of domestically produced natural gas used for transportation could reduce the need for eight gallons of imported gasoline.
    20,000,000,000,000 twenty trillion cubic feet per year =
    20,000,000,000 20 billion MCF per year =
    160,000,000,000 gallons of gasoline per year @ eight gallons per MCF =
    3,809,523,810 barrels of gasoline per year =
    10,437,052 barrels of gasoline per day

     

    NYMEX April natural gas futures are now under four dollars per million cubic feet. In gross BTU parity terms before pipeline transportation charges and taxes; eight gallons of gasoline can be purchased for fewer than four dollars.

     

    Assuming $55 per barrel of imported oil, then for every additional trillion cubic feet of natural gas produced and utilized annually, we can reduce payments for imported oil to produce gasoline by approximately ten billion dollars per year.

     

    Our nation currently consumes roughly 20 trillion cubic feet of gas a year. So doubling are current consumption of natural gas would reduce annual payments for imported oil by approximately $200 billion per year. The U.S. dollar would be stronger. To continue as the world’s leading nation, we need a strong dollar in this global economy.

     

    In addition to this national savings, there would be tens of thousands of good high paying careers created in this country.

     

    Every “drilling rig” directly employees about 40 people; indirect job creation can be expected to be 5 times the 40 direct jobs; or 240 direct and indirect jobs per drilling rig.

     

    Current drilling rigs can be expected to have a useful life of at least 20 years.
    Every one thousand additional drilling rigs would create 240,000 potential careers and the concomitant opportunities for advancement; careers, not temporary employment. These careers, these jobs cannot be transferred to other lesser developed countries.

     

    Each new state of the art drilling rig required will cost about $ US 16 million
    So, 1000 new rigs will provide an economic boost to machinery manufacturers, steel fabricators and others equal to $US 16 billion.
    Additional tens of thousands of new jobs and opportunities will be created by expanding and revamping the nation’s natural gas pipe line and local distribution infrastructure.

     

    The American automotive industry can be revitalized by being incentivized to manufacture compressed natural gas vehicles. In concert with the auto manufacturers, the car dealerships and automotive aftermarket industries should gear toward retrofitting existing vehicles with natural gas fuel capability.

     

    A natural gas refueling” infrastructure will need to be added to the current refueling infrastructure; this will create further economic activity.

     

    Legislation should require all government vehicles to be powered by natural gas.

     

    United States industries such as steel, other metals, chemicals, and fertilizer will become more competitive in U.S. markets and possibly internationally. With lower fuel/power other U.S. industries will have the opportunity to return as competitive forces in the global market.

     

    The misguided and wasteful “ethanol debacle” needs to be terminated immediately. Productive agricultural land needs to be used to feed the world’s hungry children. Natural gas should be used to fuel our automobiles. The United States can feed the world’s hungry children.

     

    The United States needs to move will all haste to capitalize the new found abundance of this environmentally friendlier and plentiful resource.

     

    The future of North American natural gas requires the development of unconventional resource basins, which require better economics for E&P companies.

     

    • The basins require large scale drilling programs, advanced drilling techniques and technologies, and large amounts reservoir stimulation.

     

    • These basins include shale gas, tight sands, and coalbed methane (CBM)

     

    In the early 1980’s there were over 4,500 drilling rigs operating drilling for oil and gas on land in the U.S.A. 4,500 rigs active rigs is the all time high for this nation. Advanced technology produced 2008’s unprecedented supply increase with the natural gas rig count reaching a peak of 1,606 in late August

     

    Right now, natural gas exploration and production companies are cutting their capital budgets and suspending drilling operations at unprecedented rate because the price of natural gas is too low.

     

    The United States active drilling rig count has fallen precipitously to under 900 rigs at this time; tens of thousands of jobs and careers have been put on hold or lost.

     

    An excerpt from the March 2009, Land Rig Newsletter Monthly Report follows:

     

    Small oil and gas operators are worried about changes to federal tax law affecting the amortization of intangible drilling and completion costs. Operators say they can withstand efforts to change the item from an expense to amortization over three years, or even five. Get beyond half a decade and the impact on drilling would be devastating for the small, privately held companies who account for more than 40 percent of rig activity.

     

    There is an oversupply of natural gas in storage as we continue to import foreign oil and dilute the U.S. dollar.

     

    Increased natural gas consumption is the most logical, expedient and beneficial means for keeping the USA moving forward as the world's economic and international leader.

     

    The greater the focus and effort put on powering our transportation and electricity generation needs with this now abundant resource, the sooner we, the USA, will move forward with tangible and lasting economic dividends for our nation.

     

    • Reduced imported oil for gasoline

     

    • Reduced greenhouse gases from cleaner burning natural gas

     

    • Real and lasting tangible economic growth in the United States

     

    • Strengthening of the U.S. dollar

     

    It is sinful in light of the blessed abundance of this natural resource and national treasure, that we, the American people, currently send our hard earned dollars overseas to those who, in too many instances, oppose our best interest and even our existence.

     

    Our nation’s currency is no longer backed by gold…

     

    This all the more reason our energy security, economic prosperity and freedom, and our environmental future should be backed by “U.S. natural gas”.

     

    Immediate and increasingly urgent economic, environmental, and national security issues will be powered forward by increase usage of natural gas.

     

    The stifling national debt will be reduced and future generations' "American dream" and way of life will be illuminated and preserved by this value adding investment in America.

     

    What is required to achieve this is the American peoples' supporting this vision (why would we not) and leadership with the courage to passionately ensure moving proactively forward with the vision.

     

    I am very proud to work for
    • an American company,

     

    • a company registered in the United States,

     

    • a company that pays its full United States taxes,

     

    • a company that has recently invested billions of dollars in U.S, manufactured drilling equipment and machinery,

     

    • a company that created thousands of safe high paying American jobs,

     

    • a company that has been in business for nearly 90 years creating value and wealth for its shareholders and employees; a company I pray that will be in business for many more generations,

     

    • an industry that has invested hundreds of billions of dollar to better the American peoples’ standard of living

     

    • an industry that has provided millions of careers and hard earned well deserved retirements for its employees

     

    • that has and will protect and preserve this nation’s interest by providing cost effective energy,

     

    • an industry to which this nation can and must turn in this nations great time of need; I pray this nation’s government will not turn its back to this great industry in this great nation’s time of need.

     

    My father, a World War 2 veteran, had only a sixth grade education, but because of his work ethic and the opportunities in the great American oil and gas industry he was able to retire with a good pension and medical benefits from a major oil company. I am sure there are hundreds of thousands of similar American “big oil” stories.

     

    American “big oil” has led the effort throughout our history to bring energy and a higher standard of living to the people of the world while investing hundreds of billions of dollars and creating hundred thousands of careers. Yes, “big oil” has profited, but not any more so than other capital intensive and innovative enterprises. There have been mistakes, but the benefits to this nation and the world outweigh by order of magnitude the negatives.

     

    Today, America’s much maligned “big oil” companies are faced with severe and unfair restrictions, terms, and conditions leveled at them by “national oil companies” that now control the vast majority of the world’s oil and gas reserves. These national oil companies in the large majority of the cases subsidize the cost of fuel and energy for their internal economic industries.

     

    The “national oil companies” are controlled by governments that choose to artificially control prices, limit free enterprise, confiscate American investments, and maintain the American addiction to foreign oil and liquefied natural gas. There is great danger that U.S. natural gas industry will be inundated by a deluge of imported LNG, if this nation’s government does not act swiftly and decisively to counter our nation’s increasing dependence on foreign sources of energy.

     

    Today our nation’s economy is melting from the destructive heat of criminal avarice.

     

    Greed that seeks to gain at the imperilment of the innocent people of this nation; premeditated greed and avarice that have stolen innocent peoples’ dreams while decimating the value of years of hard work and destroying hopes for higher education or golden years.

     

    Meanwhile, the great American oil and gas industry that has once again discovered and created new value through visionary investment, innovation, technology, and plain old hard work finds itself being slowly and painfully paralyzed while our government flounders about attempting to bail the masters of greed out of their self-created toxic morass.

     

    By supporting natural gas development in the United States we can begin to end the misguided and senseless dissolution of the "health and wealth of this great nation’s and this planet's future".

     

    The American dream is not a pipe dream! Wake up!

     

    Our government needs to step boldly forward out of this toxic quagmire and put forth the necessary legislation and tax incentives to stimulate natural gas usage in this country! This is real economic stimulus. This is absolutely imperative for the security and the well being of future generations of this great nation.

     

    We have to move forward purposefully with the development of the God given resources we have to create value and wealth for this nation’s people. Let’s get on with it!

     

    We owe it to future generations! Exploiting and developing this nation’s abundant natural gas supply is simply the common sense use of this nation’s God given resources. To paraphrase the heroic passengers of 11 September 2001, “Let’s roll with natural gas!”

     

    May God speed and continue to bless this nation.

     

    Alan Orr
    Executive Vice President
    Engineering & Development
    Helmerich & Payne I.D.C.

     

    Mr. Orr has worked over 33years at H&P and prior to his current position was Vice President and Chief Engineer from 1991 to 2005. He holds a B.S. in General Engineering from the United States Military Academy at West Point.
    He has worked in H&P’s U.S. and international divisions in both operations and engineering assignments.
    In field operations he has worked as roughneck, driller, toolpusher, and superintendent and division operations manager. In engineering assignments, he has worked as drilling engineer, project engineer, and Chief Engineer.
    As Executive Vice President Engineering & Development he is responsible for development of all H&P engineering functions, technology, new rig construction, and upgrade projects – both onshore and offshore. Mr. Orr has pioneered numerous innovations and advances in the drilling industry and holds several patents.
    Recognizing his role as the principal architect of H&P’s industry changing FlexRig and other significant industry contributions, Mr. Orr was the 2005 recipient of the International Association of Drilling Contractors’ Contractor of the Year award. The prestigious Contractor of the Year award, sponsored by Reed-Hycalog, was established in 1988 to recognize an individual drilling contractor representative’s outstanding lifetime achievements in technical innovation, safety, and economic efficiency in the drilling industry. It is the only award that exclusively honors drilling contractors.
    Sep 09 09:28 AM |Report abuse | Link | Reply
    +9 -4
    *

     

    o Jack Lifton:
    o Comments (113)
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    o
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    John,

     

    By "curious" I asume you mean "very interesting." This morning's Wall Street Journal has a story about OEM Japanese industry saying to its new "greener" government that it has done as much as it can without harming the economy to cut back on "grrenhouse" gas emissions. I suspect that Honda, which is quoted in the story, and Toyota, which is mentioned but not quoted, may quickly look at CNG even for just that 10% reduction. Of course oncer again this will leave America's zombie car companies, GM and the other one, in the dust. I don't know what Ford is doing, but I cannot remember a time when Ford did not offer a liquid propane fue option on its pickup trucks; this was for farmers who had LPG and didn't want to store gasoline and/or diesel also for their light duty vehicles. I also remember that the fuel option was (is$) available on some Ford cars.

     

    "What's past is prologue" is the way the Bard of Avon put it.

     

    On Sep 09 08:48 AM John Petersen wrote:

     

    > The biggest problem NG faces is that nobody understands that it's
    > different from its traditionally more important sister oil. My back
    > of the napkin performance figures for a CNG HEV are stunning. The
    > darned thing would be within 10% of an EV in terms of CO2 emissions
    > and at least 25% cheaper to buy. When you factor in the reality that
    > all of the fuel revenue would stay in North America instead of going
    > elsewhere the logic is undeniable. I find it particularly curious
    > that Toyota and Honda seem to be stepping away from the plug-in circus
    > and taking a hard look at natural gas.
    Sep 09 09:32 AM |Report abuse | Link | Reply
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    o Mmarrkk:
    o Comments (413)
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    Obamma has bigger priorities...free healthcare to his major constituency groups..."cash for clunkers" so that we turn perfectly good, functioning vehicles into scrap...Cap'n'Tax so that we penalize refineries and make greenies happy...raising income and death taxes. He just can't get around to making natural gas a big piece of his grand plan. Plus, no one in his administration has positioned themselves just yet to reap big profits from N.G. Give them some time to load up the boat then he'll push it! Probably waiting on Charlie Rangel and Mr. Geitner to get fully invested and to figure out a way to cheat on their taxes when they make profit!

     

    Seriously, I just don't think he gets it...plus he's still in the pocket of Coal!
    Sep 09 09:32 AM |Report abuse | Link | Reply
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    o Mmarrkk:
    o Comments (413)
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    Right ON Mr. Orr.
    Sep 09 09:33 AM |Report abuse | Link | Reply
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    o Jack Lifton:
    o Comments (113)
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    o Jack Lifton LLC
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    Mr. Orr,

     

    Experienced, Logical and coherent. There's no counter to your argument.

     

    Jack Lifton

     

    On Sep 09 09:28 AM AO wrote:

     

    > Natural gas manifesto; May the flame be light unto us!
    > Every “mcf” of United States natural gas that is produced and consumed
    > will not only benefit every citizen of our nation, it will also make
    > this world a better place and pay real and tangible dividends to
    > future generations.
    >
    > Total world demand for oil will be reduced and the world price for
    > oil will be lower. Energy for developing nations will be less expensive.
    >
    >
    > The world’s ecological / environmental situation will be improved
    > due to lower “greenhouse gas” emissions.
    >
    > Development of this nation’s natural gas provides real and absolute
    > stimulus to our economy and credit system. This type of tangible
    > absolute stimulus with its multiplier effect will produce significant
    > and ongoing dividends for our nation.
    > Not only will the United States’ economy be stimulated, the dollar
    > will be strengthened. Our nation’s deficits will be reduced more
    > quickly.
    >
    > The United States will be less vulnerable to “financial coercion”
    > by foreign powers; the wealth now being transferred to oil producers
    > will remain in the United States and can be used to benefit this
    > nation’s future generations.
    >
    > As the tangible benefits to the world and the United States are significant
    > and compelling, there must be a single historic legislative act that
    > articulates, memorializes, and provides gravitas to this monumental
    > undertaking to ensure the future of the American dream and our national
    > security.
    > To wit;
    >
    > The United States of America Proclamation for Increased Energy Security
    > (US PIES); Natural Gas Act of 2009
    >
    > To move as expeditiously and conclusively as possible to avoid any
    > further energy crises and in light of the now abundant supplies of
    > natural gas with which our nation is blessed, the Congress of the
    > United States of America hereby sets forth the Natural Gas Act of
    > 2009 to bridge this nation’s destiny to increased energy independence.
    >
    >
    > In that our national security and economy are threatened and may
    > be perilously further threatened and compromised by our nation’s
    > current over dependence on imported oil and the concomitant transfer
    > of our national wealth, it is imperative and essential our nation
    > move with purpose and urgency to employ our God given natural gas
    > resources and in so doing ensure the future strength and prosperity
    > of our nation by increasing our energy security by reducing our dependence
    > on foreign oil.
    > Elucidation: May God Almighty help forge these words with the flame
    > of His Truth and Wisdom.
    >
    > Illumination: Let the guiding light for this nation’s energy future
    > be the glowing embers of the spirit of the Americans’ that have sacrificed
    > and continue to sacrifice for our freedom, security and liberty to
    > prosper. May these flames be light onto us.
    >
    > The United States currently imports the majority of its oil from
    > overseas National Oil Companies (NOC’s). This debilitating situation
    > can be remedied.
    >
    > Recent American technological breakthroughs, horizontal drilling
    > and multi-stage fracture stimulation of reservoirs, have made the
    > drilling and completing of natural gas wells much more efficient
    > and productive and vast new reserves new of natural gas accessible
    > here within our borders.
    >
    > According to a recent study by Navigant Consulting Inc., the United
    > States now has an estimated 2,247 trillion cubic feet of natural
    > gas reserves, enough to last approximately 118 years at 2007 demand
    > levels.
    >
    > In that the world’s ecological future and world peace may be threatened
    > by “global warming” and or having reached or in time soon reaching
    > “world peak oil production”, it is imperative and essential our nation
    > move with purpose and urgency to employ our God given natural gas
    > resources and in so doing ensure to the maximum extent of our ability
    > the energy security of the Untied Stats, the future world’s peace,
    > prosperity and environmental harmony.
    >
    > Note; this would be an expanded version of the New Alternative Transportation
    > to Give Americans Solutions Act, that includes incentives for gas
    > fired power generation and natural gas producers.
    >
    > I realize all the above is easy to write and will require great effort
    > and will not be unanimously embraced; however, there is much to be
    > gained if we act.
    >
    > There is all too much to be lost, if we do not act.
    >
    > It is our American spirit and energy that make this nation great.
    >
    >
    > This natural resource is no longer supply constrained. It is demand
    > constrained. U.S. gas supply increased by an unprecedented 8% in
    > 2008 compared to 2007. The aforementioned new technologies make further
    > substantial increases in our natural gas supply and consumption viable.
    >
    >
    > The development, distribution, and consumption of these abundant
    > natural gas reserves provide the currently sought economic stimulus
    > and creates powerful lasting long term dividends to this nation not
    > seen since the construction of the interstate high system in the
    > fifties or the WPA.
    >
    > Natural gas is the fuel to power this nation’s economic resurgence
    > as the world’s largest and most dynamic economy.
    >
    > Natural gas is the “fast lane bridge” to this nation’s reducing dependence
    > on imported oil.
    >
    > Natural gas is the cleanest burning hydrocarbon fuel. Natural gas
    > emits 45% less carbon dioxide than coal and 30% less carbon dioxide
    > than oil. This transition fuel will provide the “time bridge” until
    > solar, hydro, wind-power, and cleaner coal technologies become more
    > available and cost effective.
    >
    > New clean burning “natural gas” powered electric plants need to be
    > constructed to reduce “greenhouse gases.”
    >
    > Natural gas is the fuel for this nation’s future prosperity and growth.
    > Increasing demand for natural gas will create tangible and lasting
    > economic benefits for this nation; tangible and real and long lasting
    > economic dividends and expeditious environmental benefits.
    >
    >
    > In line with the previously cited Navigant Consulting Inc. study,
    > if we immediately doubled our current annual consumption we would
    > have approximately sixty years to implement current “renewable” energy
    > technologies and other heretofore undiscovered new technologies.
    >
    >
    >
    >
    >
    >
    >
    >
    >
    > Boone Pickens Plan has stated every thousand cubic of domestically
    > produced natural gas used for transportation could reduce the need
    > for eight gallons of imported gasoline.
    > 20,000,000,000,000 twenty trillion cubic feet per year =
    > 20,000,000,000 20 billion MCF per year =
    > 160,000,000,000 gallons of gasoline per year @ eight gallons per
    > MCF =
    > 3,809,523,810 barrels of gasoline per year =
    > 10,437,052 barrels of gasoline per day
    >
    > NYMEX April natural gas futures are now under four dollars per million
    > cubic feet. In gross BTU parity terms before pipeline transportation
    > charges and taxes; eight gallons of gasoline can be purchased for
    > fewer than four dollars.
    >
    > Assuming $55 per barrel of imported oil, then for every additional
    > trillion cubic feet of natural gas produced and utilized annually,
    > we can reduce payments for imported oil to produce gasoline by approximately
    > ten billion dollars per year.
    >
    > Our nation currently consumes roughly 20 trillion cubic feet of gas
    > a year. So doubling are current consumption of natural gas would
    > reduce annual payments for imported oil by approximately $200 billion
    > per year. The U.S. dollar would be stronger. To continue as the world’s
    > leading nation, we need a strong dollar in this global economy.<br/>
    >
    > In addition to this national savings, there would be tens of thousands
    > of good high paying careers created in this country.
    >
    > Every “drilling rig” directly employees about 40 people; indirect
    > job creation can be expected to be 5 times the 40 direct jobs; or
    > 240 direct and indirect jobs per drilling rig.
    >
    > Current drilling rigs can be expected to have a useful life of at
    > least 20 years.
    > Every one thousand additional drilling rigs would create 240,000
    > potential careers and the concomitant opportunities for advancement;
    > careers, not temporary employment. These careers, these jobs cannot
    > be transferred to other lesser developed countries.
    >
    > Each new state of the art drilling rig required will cost about $
    > US 16 million
    > So, 1000 new rigs will provide an economic boost to machinery manufacturers,
    > steel fabricators and others equal to $US 16 billion.
    > Additional tens of thousands of new jobs and opportunities will be
    > created by expanding and revamping the nation’s natural gas pipe
    > line and local distribution infrastructure.
    >
    > The American automotive industry can be revitalized by being incentivized
    > to manufacture compressed natural gas vehicles. In concert with the
    > auto manufacturers, the car dealerships and automotive aftermarket
    > industries should gear toward retrofitting existing vehicles with
    > natural gas fuel capability.
    >
    > A natural gas refueling” infrastructure will need to be added to
    > the current refueling infrastructure; this will create further economic
    > activity.
    >
    > Legislation should require all government vehicles to be powered
    > by natural gas.
    >
    > United States industries such as steel, other metals, chemicals,
    > and fertilizer will become more competitive in U.S. markets and possibly
    > internationally. With lower fuel/power other U.S. industries will
    > have the opportunity to return as competitive forces in the global
    > market.
    >
    > The misguided and wasteful “ethanol debacle” needs to be terminated
    > immediately. Productive agricultural land needs to be used to feed
    > the world’s hungry children. Natural gas should be used to fuel our
    > automobiles. The United States can feed the world’s hungry children.
    >
    >
    > The United States needs to move will all haste to capitalize the
    > new found abundance of this environmentally friendlier and plentiful
    > resource.
    >
    > The future of North American natural gas requires the development
    > of unconventional resource basins, which require better economics
    > for E&amp;P companies.
    >
    > • The basins require large scale drilling programs, advanced drilling
    > techniques and technologies, and large amounts reservoir stimulation.
    >
    >
    > • These basins include shale gas, tight sands, and coalbed methane
    > (seekingalpha.com/symb...
    >
    > In the early 1980’s there were over 4,500 drilling rigs operating
    > drilling for oil and gas on land in the U.S.A. 4,500 rigs active
    > rigs is the all time high for this nation. Advanced technology produced
    > 2008’s unprecedented supply increase with the natural gas rig count
    > reaching a peak of 1,606 in late August
    >
    > Right now, natural gas exploration and production companies are cutting
    > their capital budgets and suspending drilling operations at unprecedented
    > rate because the price of natural gas is too low.
    >
    > The United States active drilling rig count has fallen precipitously
    > to under 900 rigs at this time; tens of thousands of jobs and careers
    > have been put on hold or lost.
    >
    > An excerpt from the March 2009, Land Rig Newsletter Monthly Report
    > follows:
    >
    > Small oil and gas operators are worried about changes to federal
    > tax law affecting the amortization of intangible drilling and completion
    > costs. Operators say they can withstand efforts to change the item
    > from an expense to amortization over three years, or even five. Get
    > beyond half a decade and the impact on drilling would be devastating
    > for the small, privately held companies who account for more than
    > 40 percent of rig activity.
    >
    > There is an oversupply of natural gas in storage as we continue to
    > import foreign oil and dilute the U.S. dollar.
    >
    > Increased natural gas consumption is the most logical, expedient
    > and beneficial means for keeping the USA moving forward as the world's
    > economic and international leader.
    >
    > The greater the focus and effort put on powering our transportation
    > and electricity generation needs with this now abundant resource,
    > the sooner we, the USA, will move forward with tangible and lasting
    > economic dividends for our nation.
    >
    > • Reduced imported oil for gasoline
    >
    > • Reduced greenhouse gases from cleaner burning natural gas
    >
    > • Real and lasting tangible economic growth in the United States
    >
    >
    > • Strengthening of the U.S. dollar
    >
    > It is sinful in light of the blessed abundance of this natural resource
    > and national treasure, that we, the American people, currently send
    > our hard earned dollars overseas to those who, in too many instances,
    > oppose our best interest and even our existence.
    >
    > Our nation’s currency is no longer backed by gold…
    >
    > This all the more reason our energy security, economic prosperity
    > and freedom, and our environmental future should be backed by “U.S.
    > natural gas”.
    >
    > Immediate and increasingly urgent economic, environmental, and national
    > security issues will be powered forward by increase usage of natural
    > gas.
    >
    > The stifling national debt will be reduced and future generations'
    > "American dream" and way of life will be illuminated and preserved
    > by this value adding investment in America.
    >
    > What is required to achieve this is the American peoples' supporting
    > this vision (why would we not) and leadership with the courage to
    > passionately ensure moving proactively forward with the vision.
    >
    >
    > I am very proud to work for
    > • an American company,
    >
    > • a company registered in the United States,
    >
    > • a company that pays its full United States taxes,
    >
    > • a company that has recently invested billions of dollars in U.S,
    > manufactured drilling equipment and machinery,
    >
    > • a company that created thousands of safe high paying American jobs,
    >
    >
    > • a company that has been in business for nearly 90 years creating
    > value and wealth for its shareholders and employees; a company I
    > pray that will be in business for many more generations,
    >
    > • an industry that has invested hundreds of billions of dollar to
    > better the American peoples’ standard of living
    >
    > • an industry that has provided millions of careers and hard earned
    > well deserved retirements for its employees
    >
    > • that has and will protect and preserve this nation’s interest by
    > providing cost effective energy,
    >
    > • an industry to which this nation can and must turn in this nations
    > great time of need; I pray this nation’s government will not turn
    > its back to this great industry in this great nation’s time of need.
    >
    >
    >
    > My father, a World War 2 veteran, had only a sixth grade education,
    > but because of his work ethic and the opportunities in the great
    > American oil and gas industry he was able to retire with a good pension
    > and medical benefits from a major oil company. I am sure there are
    > hundreds of thousands of similar American “big oil” stories.
    >
    > American “big oil” has led the effort throughout our history to bring
    > energy and a higher standard of living to the people of the world
    > while investing hundreds of billions of dollars and creating hundred
    > thousands of careers. Yes, “big oil” has profited, but not any more
    > so than other capital intensive and innovative enterprises. There
    > have been mistakes, but the benefits to this nation and the world
    > outweigh by order of magnitude the negatives.
    >
    > Today, America’s much maligned “big oil” companies are faced with
    > severe and unfair restrictions, terms, and conditions leveled at
    > them by “national oil companies” that now control the vast majority
    > of the world’s oil and gas reserves. These national oil companies
    > in the large majority of the cases subsidize the cost of fuel and
    > energy for their internal economic industries.
    >
    > The “national oil companies” are controlled by governments that choose
    > to artificially control prices, limit free enterprise, confiscate
    > American investments, and maintain the American addiction to foreign
    > oil and liquefied natural gas. There is great danger that U.S. natural
    > gas industry will be inundated by a deluge of imported LNG, if this
    > nation’s government does not act swiftly and decisively to counter
    > our nation’s increasing dependence on foreign sources of energy.
    >
    >
    > Today our nation’s economy is melting from the destructive heat of
    > criminal avarice.
    >
    > Greed that seeks to gain at the imperilment of the innocent people
    > of this nation; premeditated greed and avarice that have stolen innocent
    > peoples’ dreams while decimating the value of years of hard work
    > and destroying hopes for higher education or golden years.
    >
    > Meanwhile, the great American oil and gas industry that has once
    > again discovered and created new value through visionary investment,
    > innovation, technology, and plain old hard work finds itself being
    > slowly and painfully paralyzed while our government flounders about
    > attempting to bail the masters of greed out of their self-created
    > toxic morass.
    >
    > By supporting natural gas development in the United States we can
    > begin to end the misguided and senseless dissolution of the "health
    > and wealth of this great nation’s and this planet's future".
    >
    > The American dream is not a pipe dream! Wake up!
    >
    > Our government needs to step boldly forward out of this toxic quagmire
    > and put forth the necessary legislation and tax incentives to stimulate
    > natural gas usage in this country! This is real economic stimulus.
    > This is absolutely imperative for the security and the well being
    > of future generations of this great nation.
    >
    > We have to move forward purposefully with the development of the
    > God given resources we have to create value and wealth for this nation’s
    > people. Let’s get on with it!
    >
    > We owe it to future generations! Exploiting and developing this nation’s
    > abundant natural gas supply is simply the common sense use of this
    > nation’s God given resources. To paraphrase the heroic passengers
    > of 11 September 2001, “Let’s roll with natural gas!”
    >
    > May God speed and continue to bless this nation.
    >
    > Alan Orr
    > Executive Vice President
    > Engineering &amp; Development
    > Helmerich &amp; Payne I.D.C.
    >
    >
    > Mr. Orr has worked over 33years at H&amp;P and prior to his current
    > position was Vice President and Chief Engineer from 1991 to 2005.
    > He holds a B.S. in General Engineering from the United States Military
    > Academy at West Point.
    > He has worked in H&amp;P’s U.S. and international divisions in both
    > operations and engineering assignments.
    > In field operations he has worked as roughneck, driller, toolpusher,
    > and superintendent and division operations manager. In engineering
    > assignments, he has worked as drilling engineer, project engineer,
    > and Chief Engineer.
    > As Executive Vice President Engineering &amp; Development he is responsible
    > for development of all H&amp;P engineering functions, technology,
    > new rig construction, and upgrade projects – both onshore and offshore.
    > Mr. Orr has pioneered numerous innovations and advances in the drilling
    > industry and holds several patents.
    > Recognizing his role as the principal architect of H&amp;P’s industry
    > changing FlexRig and other significant industry contributions, Mr.
    > Orr was the 2005 recipient of the International Association of Drilling
    > Contractors’ Contractor of the Year award. The prestigious Contractor
    > of the Year award, sponsored by Reed-Hycalog, was established in
    > 1988 to recognize an individual drilling contractor representative’s
    > outstanding lifetime achievements in technical innovation, safety,
    > and economic efficiency in the drilling industry. It is the only
    > award that exclusively honors drilling contractors.
    Sep 09 09:36 AM |Report abuse | Link | Reply
    +2 -1
    *

     

    o mpherson:
    o Comments (5)
    o Follow
    Comments are heavy with frustration, but this is a technology new to the public, and will require time for acceptance. It is not as easy as depicted: Attach a hose to the household gas line. Whoa! The government didn't collect any tax on that transaction. Consider the cost of the conversion and household safety, and safety of operation as mentioned by the Italian correspondent.
    Pickens and McClendon propose the most feasible plan to get NG into our transportation system: Trains and trucks and a string of stations to serve along a central corridor of travel.
    Sep 09 09:53 AM |Report abuse | Link | Reply
    +2 -3
    *

     

    o ART005:
    o Comments (72)
    o Follow
    mpherson: It's much simpler than you think. The at home Phil station comes in different models that operate at different speeds. I have the pleasure of living in communities where neighbors would be willing to share a Phil amoung 1 or 2 households and simply pay the operator as needed, the machine and vehicle have meters on them. Multi car families know which vehicle range accomodates which travel patterns. The EPA has just about wiped out conversions in the U.S. so the Italian experience will not be common.
    Sep 09 10:24 AM |Report abuse | Link | Reply
    +4 -2
    *

     

    o ART005:
    o Comments (72)
    o Follow
    mpherson: my comment got chopped off. I also mentioned that you're right about the lack of gasoline taxes being a big one but the gov could go after that via much higher registration fees for CNG vehicles. I suspect lack of gasoline taxes was part of the EPA putting the squash on aftermarket CNG conversions.
    Sep 09 10:28 AM |Report abuse | Link | Reply
    +2 -2
    *

     

    o isaac the t...:
    o Comments (117)
    o Follow
    John- I couldn't agree more about the potential for a hybrid CNG vehicle (hopefully a plug-in). M. Fitzpatrick wrote a piece highlighting the idea here on alpha last winter. Seems like a no brainer- maybe that's why its not being developed. Please- Taiwan, Israel, Ann Arbor, someone.
    Sep 09 10:43 AM |Report abuse | Link | Reply
    +3 0
    *

     

    o Ferdinand E...:
    o Comments (1232)
    o Follow
    I'm really curious as to how this thing with gas is going to turn out.
    Somehow I can't belive that certain people don't know as much about gas as Mr Fitz and Mr Orr, but you can never tell about these things.
    What I really can't understand is why the USDOE can't try to straighten us out on this matter.
    Sep 09 11:22 AM |Report abuse | Link | Reply
    0 -2
    *

     

    17 Sep 2009, 04:41 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5063) | Send Message
     
    mick could you please eliminate that duplication? It printed the entire blog instead of the one comment.
    17 Sep 2009, 04:45 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18018) | Send Message
     
    From the SA ToU
    "We also respectfully ask that you not engage in:"
    ...
    "Personal attacks against an author or another user"

     

    Since the ToU are implicitly accepted by using the SA site, the "Respectfully ask ..." clause should be considered as binding as any other clause in the ToU. The inclusion of the phrase "Respectfully ask" does not dilute the strength of it requirement. I guess a lawyer would indicate it gives one "wiggle room", but *moral* people would respect the intent of the clause, which is to prevent personal abuse of others AND WOULD CONSIDER IT BINDING.

     

    Use of any terms denigrating of another user would certainly qualify as "Personal attacks" and therefore should be policed, when reported, as diligently as any other violation of the ToU that might be policed due to any other reason, such as possible damage to SA, its site, IP or revenues.

     

    If this is not done, and the ToU is not enforced, it demonstrates a lack of commitment on the part of SA management - whether due to inadequate allocation of resources, inadequate auditing to assure quality of enforcement and fairness, etc.

     

    If SA, as a commercial entity, for whatever reason, does not do those things that ensure the best possible experience for all its participants, in a fair and even-handed manner, this will certainly have long-term consequences - some of which have already been observed.

     

    My Humble (but resolute) Opinion,
    HardToLove

     

    On Sep 17 03:32 AM one eye wrote:

     

    > Mick: your readers comments are removed, "report abuse' is ignored,
    > thumbs Up erased.
    >
    > When Michael Fitzsimmons called me a Liar and I proved afterwards
    > that he was committing Libel by making the accusation in the First
    > place, I clicked Report Abuse.
    >
    > When Mr. Fitzsimmons continued with his Personal Abuse, I kept reporting
    > him, But Then when on his Own Instablog, He Called me:
    >
    > " A cancerous black hole of a human being" and I posted the remark
    > to others, Not Only was he allowed to alter his comment and to continue
    > the same abuse in the rest of the comment but he has had removed
    > comments of others remarking on that Abuse.
    >
    > On Sep 16 10:47 PM optionsgirl wrote:
    17 Sep 2009, 05:48 PM Reply Like
  • one eye
    , contributor
    Comments (647) | Send Message
     
    Mick, time to set up a website. Too bad you can't erase Emails.
    17 Sep 2009, 05:54 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18018) | Send Message
     
    And Later in the ToU
    "8. User Submissions; Online Rules of Conduct.

     

    When you post any User Submission on the Site or give Seeking Alpha permission to post your Content, You agree to:
    • Post comments in both tone and content that contribute in a positive and high quality manner to the substantive exchange of information and the subject matter of the Site. "

     

    Again, as use confers implicit agreement, any author or articles or *comments* agrees to be bound by this clause.

     

    I would think an author that violates this clause would be at *least* "severely chastised".

     

    HardToLove

     

    On Sep 17 03:32 AM one eye wrote:

     

    > Mick: your readers comments are removed, "report abuse' is ignored,
    > thumbs Up erased.
    >
    > When Michael Fitzsimmons called me a Liar and I proved afterwards
    > that he was committing Libel by making the accusation in the First
    > place, I clicked Report Abuse.
    >
    > When Mr. Fitzsimmons continued with his Personal Abuse, I kept reporting
    > him, But Then when on his Own Instablog, He Called me:
    >
    > " A cancerous black hole of a human being" and I posted the remark
    > to others, Not Only was he allowed to alter his comment and to continue
    > the same abuse in the rest of the comment but he has had removed
    > comments of others remarking on that Abuse.
    >
    > On Sep 16 10:47 PM optionsgirl wrote:
    17 Sep 2009, 05:56 PM Reply Like
  • one eye
    , contributor
    Comments (647) | Send Message
     
    HT love: I should have realized it from the start when Conan(paultaut) died and email contact ceased with Mary Hunt, I thought she was no longer with SA.

     

    Then Freya's findings on how the Staff bent over backwards to preserve Fitzsimmons comments and Articles, even when he was changing Historical facts, On the Dollar, then on Carter, then on all of the comments where he abused many people but was not even reprimanded.

     

    Easy access to all things fundamental to SA's internal workings with the ability to order anything and everything done.

     

    How about a picture of the Founder of SA.
    17 Sep 2009, 06:13 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18018) | Send Message
     
    On Sep 17 06:13 PM one eye wrote:

     

    ><snip>

     

    > How about a picture of the Founder of SA.

     

    Only if it registers on YellowHoard's "cleavage-meter"! ;-))

     

    HardToLove
    17 Sep 2009, 06:57 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5063) | Send Message
     
    Dear Mick: If you really want to understand what One Eye is talking about, why don't arrange to talk to her by telephone? It seems to me that if you are really interested in correcting a wrong, or at least understanding the issue you would be interested in having a conversation, which does not have the limitations of this correspondence.
    Sincerely,
    OG
    17 Sep 2009, 08:04 PM Reply Like
  • one eye
    , contributor
    Comments (647) | Send Message
     
    OG: The full extent of the Email correspondence which occurred between paultaut aka conan the barbarian and Mary Hunt reveals that he was an unpaid but, nontheless de facto employee of SeekingAlpha. She praised him for the work he was doing on behalf of SA.

     

    That stopped when he stepped on Fitzsimmons "toes". A cleanup followed.

     

    Freya had Fitzsimmons on the ropes (so to speak), in the Blink of an "Eye" she was Zapped, her Instas were erased and any collateral damage was not apologized for.

     

    The comments of dozens, hundreds of comments were erased on an unprecedented scale as well without any remorse on the part of SA.

     

    Who has the Authority to do this?
    18 Sep 2009, 12:30 AM Reply Like
  • one eye
    , contributor
    Comments (647) | Send Message
     
    One other thing Mick: How do you know whether I'm an African-American or not? That every time I try to "report abuse" and it is ignored by you/your staff/SeekingAlpha, I'm marking down when I reported it and notice that the comments are still there, day in and day out.

     

    The Consitution has not been Changed.
    18 Sep 2009, 01:07 PM Reply Like
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