Devon Energy Corp. (DVN)

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  • commenter
    .StgMgr1
    Aug 15 12:22 PM
    Natural Gas & Wind Power - The Pickens Plan [view article]
    People in the water business in Texas say that Pickens has bought rights to Massive amounts of water.He want the right of way for wind farms to allow him to build pipeline to distribute his water in addition to wind power.He has neglected to make this public. Reply
  • commenter
    nakedjaybird
    Aug 15 12:02 PM
    Natural Gas & Wind Power - The Pickens Plan [view article]
    Fitzman - Boones Poliicy may be all that's necessary - simple, clean, effective and not encubered with all the garbage DC puts on their action plans to tickle everyones ear. Reply
  • commenter
    forgetalpha
    Aug 15 10:43 AM
    Too Soon to Re-enter Oil Stocks? [view article]
    jim rodgers said that? I'm pretty sure every asset manager ever has said that, rather than the genius momentum investors who have gotten burned by the stocks featured. Reply
  • commenter
    jlounsbury59
    Aug 15 09:26 AM
    My Website
    Natural Gas & Wind Power - The Pickens Plan [view article]
    Good comments for the most part.

    A few notes:
    (1) Pickens has said his plan is a 10-20 year stop gap until additional new energy technolgies are developed.
    (2) One of the individual wind plays not mentioned in the article is Vestas Wind Systems AS (VWDRY.PK) which I own.
    (3) A key element for electricity generation by variable sources such as wind and solar is electrical energy storage. Batteries and capacitors are an area that need a lot of R&D work. This area is also critical for the eventual ubiquitousness of plug-in electric cars.
    (4) As mentioned in the article and by several comments, energy is the largest economic challenge facing the U.S., larger than the size of the credit crisis, national debt and unfunded liabilities for Social Security/Medicare/Medi... combined.
    (5) New energy is also the great economic opportunity of the 21st century. It can have an impact equal to (or greater than) the railroad/industrial revolution of the 19th century and the internal combustion engine/petroleum driver of the 20th century.     Reply
  • commenter
    User 138549
    Aug 15 04:11 AM
    Too Soon to Re-enter Oil Stocks? [view article]
    You might consider adding Cabot Oil & Gas, Kodiak O & G, and Northern O & G to your list (symbols COG, KOG and NOG). These smaller exploration companies are diligently working the shales. Their reserves are only going to grow higher and higher. Reply
  • commenter
    farhad
    Aug 15 12:42 AM
    Too Soon to Re-enter Oil Stocks? [view article]
    It is doubtful Chinese will continue subsidizing their oil consumption while losing billion of dollars. Sooner or later they have to stop. Predicting the future demand for oil remains only a prediction. I would not buy oil yet. Reply
  • commenter
    User 235262
    Aug 14 08:29 PM
    My Website
    Natural Gas & Wind Power - The Pickens Plan [view article]
    When the wind blows, the craddle will rock, meanwhile, whatta do? Reply
  • commenter
    happycajun
    Aug 14 06:29 PM
    Natural Gas & Wind Power - The Pickens Plan [view article]
    What you are seeing in Russia is LPG fueled vehicles - VERY OLD tech - and long used as farm and fleet fuel in the US. It is LIQUID propane or butane. As a liquid, it stores much more energy at relatively low pressure in a normal sized container. CNG which Scott mentions is a completely different delivery system, while the combustion end is similar. NG is commonly used in stationary pump or generator installations with hard-piped NG. BUT to store enough NG in a portable container on board a vehicle is another matter. It requires very high pressures - think SCUBA tank - which are very heavy in sizes big enough to hold reasonable amount of fuel. Gas follows the "ideal gas law" or PV=ZnRT which roughly means to store as much NG BTU's in a given volume as propane requires compressing the stuff to something like 700 atmospheres - or about 10,000 psi. Longish time to fill up, more complicated procedure than gasoline, etc..... and importantly - the infrastructure to deliver same is not in place. That is why CNG would be best suited to fleet usage (busses, taxis, UPS trucks, etc.....)

    If Russian filling stations were delivering 10,000psi NG to the general public - you would see occassional "light ups" at the stations....     Reply
  • commenter
    zerovisibili
    ty
    Aug 14 05:42 PM
    Natural Gas & Wind Power - The Pickens Plan [view article]
    I have to disagree with some of the comments regarding problems with NG for transportation. I was visiting central Russia in 2006 and was amazed how many cars were equipped to handle both NG and regular petrol. Most of these cars were pretty old Soviet era models. I took a taxicab for 200 km trip between cities. It was nissan maxima converted in russia to use NG. First we were using petrol but when we left the city my driver took a little detour to fill up with NG, which is about 1/3 cheaper than petrol. As I understand, NG stations are still pretty rare and situated outsides city lines (flammability concerns?). Filling up was a cinch. Most taxicabs there have such conversions kits which must make economic sense, otherwise people there would not be using it. It also indicates that it is not such an overwhelming technical problem as many people on this site think it might be. Russia is not exactly a technological miracle and simple folks could easily do it there just because it saved them some money. I see no reason why shouldn't it be possible here in the States. Reply
  • commenter
    ripskii
    Aug 14 04:13 PM
    Natural Gas & Wind Power - The Pickens Plan [view article]
    Scott--could you elaborate on the reasons that the NG vehicles didn't work out ? I'm seeing ever increasing numbers of NG fueled transit systems buses and recently NG fueled trash trucks on the road. What significant changes have occurred to allow these increases lately? Reply
  • commenter
    wheels14
    Aug 14 04:10 PM
    My Website
    Natural Gas & Wind Power - The Pickens Plan [view article]
    Who says the wind blows more at night? Wind is a form of solar power. I live in the wind corridor. There is much more wind durring the day. Reply
  • commenter
    phillips49
    Aug 14 03:49 PM
    Natural Gas & Wind Power - The Pickens Plan [view article]
    Capgain

    Well said and not all overstated. It took $4.00 gas for people to start asking questions.We can find all kinds of reasons to do nothing, but if we don't take care of our business, we'll be out of business. At the end of the day, it really is everyman for himself and no one out there will really care whether we sit in the warm light or the cold dark. Many would just as soon see us fall (after they have all of our money). It has not dawned on a lot of people, that a free nation cannot remain a world power, if it depends on the good will of theocracies, monarchies, and socialists for it's energy. Affordable energy made the USA great and gave us the ability to project our economic and military power anywhere in the world. We will need to use all the resources available to us. A comprehensive national energy plan is a must so that we don't make the mistake of using food for fuel again. I hope the Pickens Plan starts that discussion.     Reply
  • commenter
    longtermstoc
    ks
    Aug 14 03:38 PM
    My Website
    Natural Gas & Wind Power - The Pickens Plan [view article]
    Pickens should run for president. He is the only one with a real plan and vision of the future. Innovations are what lead us our of bear markets and recessions. It is time for a major energy shift. We just need a leader. Reply
  • commenter
    happycajun
    Aug 14 03:08 PM
    Natural Gas & Wind Power - The Pickens Plan [view article]
    and now the wind generation is environmentally suspect - first there are those butt-ugly windmills all over - second - they will kill birds like crazy and now - it harms people - the low frequency beat of the spinning prop is causing problems. See: www.oregonlive.com/new... Scott is correct that the intermittency of wind means duplication of generation capacity - the very fast variation in wind velocity also makes for serious distribution problems - power surging up and down with wind gusts is problematic. Ol' Boone has skinned a number of folks over the years - his green-mail of the '80s was what made him rich - not being an "oilman" as he likes to portray. (he's also not a Texan - like Troy Aikman he is a transplant from Henrietta Oklahoma). During the oil crash of the mid to late '80s, Boone was forcing Oil companies to cut core staff and to get out of R&D, all of which has resulted in oil companies getting tuned to do one thing - find and produce oil - mostly using conventional or incrementally innovative technology. Heck, the some of the greatest "tech" innovations came from cheap, fast computers that allowed more use of more sophisticated 3D seismic. There will be no easy, single "answer" to the energy problem - it will involve "conservation&quo... which I think of as continued improvements in efficiency - it will involve finding and producing oil and gas - it will involve nuclear (fission and someday, fusion) - it will involve solar and wind and hydro ... there will be no simple solution. Reply
  • commenter
    Scott Benson
    Aug 14 01:29 PM
    Natural Gas & Wind Power - The Pickens Plan [view article]
    In the 1990s, we already tried the natural gas vehicles (my organization had CNG pickups and vans that I helped manage). They didn't work for a number of reasons. And the wind, while it will play a role in electricity supply, doesn't work if it isn't windy, and you end up keeping all the coal-fired plants on-line (and hot) anyway for when the sun isn't shining and it isn't windy. The plan is fine on paper. In the real world, I don't see this coming together. But we are gonna need to electrify transportation, one way or the other. Nukes probably. Reply
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