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Red Raider
6 Comments
New Technology Makes Natural Gas a Viable Replacement for Oil
The benefit of LNG imports includes the backfeeding of transmission lines to improve their capacity to supply users at the ends of the line, such as those in New England. Pipeline limitations will also affect our ability to export Nat Gas.
U.S. Automakers Can't Afford to Overlook Natural Gas Opportunities
Invest in our infrastructure, spend our money at home, reduce fuel cost, create jobs, reduce carbon emissions and pollution. Why not?
The feds will bail out the automakers for $25 billion. Why? Why not seed money for CNG?
We need some politicians who are interested in the USA. What in the Hell is the matter with us?
Pickens Explains His Plan
Please note that Fred Banks is also correct. At best the availability of wind turbines is about 30%. Oversimply put, this means you need 10 to do the work of 3. Absent the very substantial federal subsidy the entire scheme will collapse. Of course we can all count on the politicians to continue the (enormous) tax rebate subsidy because the treasury can always print more money.
Note: I am long CLNE and WPRT
2 Hedges Against Global Oil Demand
Alternatives remain problematic, and rely on strong financial support from a government that can no longer afford it. e.g. wind at 20% of operating cost, ethanol, etc.
Nat gas for vehicles is proven practical and economic but will require infrastructure build out and help from govt. to get it started.
Will Automakers Switch to Natural Gas?
Nevertheless, CNG fueled vehicles may be suitable for commuting and short shopping trips. They can be refueled from personal residences by installing commercially available compressors and storage tanks already available from the market.
Implementing Pickens' Plan for Public Energy Policy
Nevertheless, our US democracy does not respond to logic! Voter interest and support is needed to move politicians, and the voting public does not understand or care about this. They will support the politicians with the high sounding promise. They will not voluntarily support higher gas prices.
How do we, and Boone Pickens convince the politicians that this plan would gain votes? How could we win the public support neccessary to make such a major change in the tax laws? Who will support the extreme (voluntary) increase in fuel prices?
We do have plenty of oil, and we could (if needed) import experienced workers and rigs with ever higher wages. Company profits can be (and will be) applied to training workers as needed.
The suggested changes presume that we will respond to logic and sound planning. In reality the economy and the business world respond to the market. To the extent that social planners and tax manipulaters mess with the free market they always screw it up.
Maybe some politicians will try to be rational but most will respond to special interests and perceived voter interest.
Good plan, but I doubt we can plan our way out of this mess.