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- Options Trader: Anticipating Monday Carnage
- Chevron Corporation: Dividend Stock Analysis
- Buy, Sell or Hold: Suncor Looks Extremely Promising
- Boone Pickens' BP Capital Funds Down Significantly
- Why "Drill, Baby, Drill!" Does Not Translate Into Effective National Energy Policy
- Natural Gas Bargain Justifies Obama's Stance
- Time to Look At Conservative Growth Stocks
- Is There a Bounce Opportunity in the Energy Sector?
- Energy Companies Follow the Big Pharma Model for R&D
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Why "Drill, Baby, Drill!" Does Not Translate Into Effective National Energy Policy [view article]
I own mineral rights in the Haynesville Shale play in East Texas.So if there is a national reliance on natural gas by Americans for some, much, or virtually all of the nation's transportation needs, that increased demand will of course benefit me directly.
That said, I believe that any energy source that is American based will have a tremendously beneficial effect on our economy. Especially so if that primary energy source can be provided at a reduced cost to that of an increasingly less available source, ie, gasoline and diesel. Adding the significant benefits that natural gas brings to the environment should make it our number 1 transportation fuel of choice.
No matter how much additional oil is discovered, it is not going to be done cheaply so the massive capital costs involved will require that those costs be passed directly to the consumer. It's not a reach to look forward and see future pump prices at $5.00, $6.00 or more. Under the rosiest of scenarios, the OCS and ANWR exploraton might supply us with another 4 or 5 years' crude supplies at the present rates of consumption---that's 1500 to1800 days. What then? Can we have additional nuclear plants permitted and operational in this time frame? Hardly in this environmentally conscious atmosphere. 1000 MW power generating plants---under the best cases require 5 to 10 years' construction time without considering the permitting headaches involved. We can though, build up the re-fueling facilities that will support a compressed natural gas (CNG) transportation system in less that 5 years time if we embrace it on a national basis.
Boone Pickens said yesterday before the National Press Club that 10 strategically located re-fueling stations could enable a heavy truck to go coast to coast---3500 miles.
Its abundant, clean and 40 percent less expensive that gasoline but the thing that recommends it above all is the simple fact that it is 100 percent American. Keeping a significant portion of that annual $700 billion dollar cash flow out of OPEC's greedy hands and into American hands is the best aspect of it by far. Reply
Why "Drill, Baby, Drill!" Does Not Translate Into Effective National Energy Policy [view article]
If a bunch of people run off a cliff with the Head Lemming, Global warming would be reduced and their would be plenty of energy for all.Tuff, you don't like what you have, either change your lifestyle or move elsewhere. I prefer here so I'm adjusting. Life is hard and then you die. Reply
Why "Drill, Baby, Drill!" Does Not Translate Into Effective National Energy Policy [view article]
What a convoluted argument. So, lets just throw up our hands and run off the cliff with the rest of the lemmings. ReplyWhy "Drill, Baby, Drill!" Does Not Translate Into Effective National Energy Policy [view article]
Given the opportunity, individuals who walk around with their heads in a fog and, therefore, cannot see the forest for the trees will always come up with assinine conclusions based upon illogical reasoning rather than upon actual work experience in the subject business or industry they're trying to convince readers they know something about! What's missing from the graphical presentations to explain the declines in drilling activity between 1958-1973 and 1986-2003 is the non-inflation adjusted prices of oil which in the 1960's, seriously dismantled the domestic oil industry's infrastructure and in the late 1980's and 1990's completely destroyed the domestic and seriously dismantled the international oil industries' infrastructure leaving the world in today's oil supply shortage situation with the necessary manpower and equipment needed to bring about an early reversal.Had the U.S. Congress not gotten the Supreme Court in 1955 to give it the right to control natural gas prices at the wellhead and then use imports rising from 1MMBPD to 6MMBPD of cheap foreign oil to hold domestic oil prices under $3/B from 1958 to 1973, U.S. oil production would not have peaked in 1970, OPEC would not have been formed and steady expansion of U.S. and Middle East oil production would have taken place to prevent the world oil supply shortages that occured in 1973 and 2003 as a result of the industrialization of Japan and the Rest of SE Asia during the 1960's and the industrialization of China and India during the 1990's.
Illogical government policies derived by brain-dead, socialism breathing, college professors with grudges against the industrial world which refused to hire them due to their lack of competence and common sense is what resulted in destroying the Country's once healthy energy mineral producing industry. How do I know? Because for forty years I was involved in positions having to work with such imbeciles who would accuse me of being too logical when I objected to their manner of reasoning. I've even had them respond when I accused them of wanting to destroy the domestic oil industry with their "low oil price to stimulate economic policies" with "Japan built its economy without an oil industry, so the U.S. doesn't need one either"! Reply
Why "Drill, Baby, Drill!" Does Not Translate Into Effective National Energy Policy [view article]
"As an American living in France, I think the Americans could learn something from looking outside their national borders. The French get 80% of their electrical power from nuclear and another 12% from hydro. Per capita French energy consumption is 60% per cent of the Amerian level and the average Frenchman emits six tons of carbon dioxide versus twenty one tons for the average American"And the French produce nothing that the rest of the world wants, and the french work about 12 hours a week, if they can find a job, so it's not surprising they consume less energy. Reply
Natural Gas Bargain Justifies Obama's Stance [view article]
hey paulk, how are you doing? You have to cheer up.Remember its always darkest before the storm begins. Reply
Why "Drill, Baby, Drill!" Does Not Translate Into Effective National Energy Policy [view article]
Even with higher crude prices, there are major time delays before a well is spudded. First, find it and make sure has good prospective reserves (time), Second, get leases (times). Third, get the equipment, people, roads, infrastructure to begin drilling (time).There is NOT an infinitie number of rigs to go around... So you have two major constraints (rigs available for that type of operation) AND time it takes to get permits and permission. Reply
Why "Drill, Baby, Drill!" Does Not Translate Into Effective National Energy Policy [view article]
Why are all of you picking on this guy, he writes children's books, he likes to fish. ReplyWhy "Drill, Baby, Drill!" Does Not Translate Into Effective National Energy Policy [view article]
The answer is "all of the above" as Sarah Palin says. ReplyWhy "Drill, Baby, Drill!" Does Not Translate Into Effective National Energy Policy [view article]
The McCain drilling strategy is a win for the Republicans, maybe just in time for the November elections.More drilling will the lower the rate at which the U.S. is increasingly dependent on imported oil at some time in the distant future.
Drilling for oil in ecologically sensitive areas is a partisan political issue.
The impacts of Peak Oil, however, will soon shift the focus of debate toward how to survive high oil prices, maybe as soon as an attack on Iran.
Increasingly, average Americans will not be able to afford both fuel oil for heating and gasoline for commuting to work (starting in to be felt more in November). When unemployment increases in the ever worsening global recession, a larger and larger percentage of people will not be able to pay for fuel oil to heat their homes. These realities will shock the nation with big increases in home heating bills this winter (starting in November). Oil prices will be higher for the winter of 2009.
In such an environment, the Democrats are making a mistake with their “no drilling” position on this issue. As Peak Oil becomes more widely known as the cause of economic malaise, public attitudes will shift away from environmental concerns and toward more drilling.
According to energy investment banker Matthew Simmons and other independent forecasters, global crude oil production will now decline, from 74 million barrels per day to 60 million barrels per day by 2015. During the same time demand will increase 14%.
This is equivalent to a 33% drop in 7 years. No one can reverse this trend, nor can we conserve our way out of this catastrophe. Because the demand for oil is so high, it will always be higher than production; thus the depletion rate will continue steadily until all recoverable oil is extracted.
Alternatives will not even begin to fill the gap. And most alternatives yield electric power, but we need liquid fuels for tractors/combines, 18 wheel trucks, trains, ships, and mining equipment.
We are facing the collapse of the highways that depend on diesel trucks for maintenance of bridges, cleaning culverts to avoid road washouts, snow plowing, roadbed and surface repair. When the highways fail, so will the power grid, as highways carry the parts, transformers, steel for pylons, and high tension cables, all from far away. With the highways out, there will be no food coming in from “outside,” and without the power grid virtually nothing works, including home heating, pumping of gasoline and diesel, airports, communications, and automated systems.
This is documented in a free 48 page report that can be downloaded, website posted, distributed, and emailed: www.peakoilassociates....
I used to live in NH, but moved to a sustainable place. Anyone interested in relocating to a nice, pretty, sustainable area with a good climate and good soil?
clifford dot wirth at yahoo dot com or give me a phone call which operates here as my old USA-NH number 603-668-4207. survivingpeakoil.blogs.../
Reply
Why "Drill, Baby, Drill!" Does Not Translate Into Effective National Energy Policy [view article]
The answer is "all of the above" as Sarah Palin says. We need to drill and increase nuclear energy, etc etc etc. This is not a them or us decision. It must be "all of the above". ReplyNatural Gas Bargain Justifies Obama's Stance [view article]
Let me try to understand your premise -Obama, Biden and the Democrats are better for domestic energy exploration and production than McCain and Palin?
So, what's next? Let me guess -
The sun will rise in the west. The Saudis want to sell oil for $20 a barrel. And Iran is really trying to promote world peace.
These examples make just as much sense as your premise! Reply
Why "Drill, Baby, Drill!" Does Not Translate Into Effective National Energy Policy [view article]
Tim,Your basic analysis is flawed. Since most of the drilling in the last fifteen years has been to develop gas wells, any sound analysis must include gas production also. There are other factors currently impacting the success of the drilling activity including 3D seismic, horizontal drilling, shale fracing techniques, and accelerating declines in large older fields. If the analysis is to have validity it must also delineate production for newly found oil in current production.
I would like to see some modification of your data, to include gas production at a minimum.
Regrettably, the analysis does not yet arrive at a conclusion to the "great debate" of the decade.
Nice try though! Reply
Natural Gas Bargain Justifies Obama's Stance [view article]
So, I guess the people of the State of Alaska are also unstable and insane since she has an 86% approval rating on the job she has done.People in glass houses shouldn't cast stones.
The current financial crisis started with the Switch in control of Congress or isn't control of both Senate and House considered to be a majority.
Unstable and Insane? Where does the Speaker of the House rank? Bush has a very low approval rating, the rest of Congress has vastly underperfomed him. Reply
Why "Drill, Baby, Drill!" Does Not Translate Into Effective National Energy Policy [view article]
Timothy, how stupid can you get ? Of course if we don't drill, there won't be a drop of oil 10 years down the road. If we start now, there will be oil, 5, 13 years, doesn't matter, there will be oil. Just like saving for retirement, if you don't start putting a few dollars in, you won't have anything. Instead, you keep asking "if I start saving now would I have enough money to retire ?" How dumn !! Reply