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Deep Time

Deep Time
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  • The Last Two Oil Crashes Show Peak Oil Is Real [View article]
    Audi is making carbon-neutral diesel and they believe they can sell it at competitive cost with proper scaling:
    Apr 27, 2015. 07:08 PM | Likes Like |Link to Comment
  • The Last Two Oil Crashes Show Peak Oil Is Real [View article]
    "There are going to be a lot of hurting self deluded suckers in the SA readership within a few years. Sad to watch."

    I believe MWinMD is making the same statement that I am. That many posters on here are letting their political leanings color their judgement on the irreplaceability of fossil fuels.

    Batteries have apparently reached a significant price point, and prices continue to fall:

    In the U.S., economic growth is delinking from energy usage:

    A serious sea-change is afoot, and revolutions usually happen rapidly once tipping points are reached. My bet is this will happen a lot sooner than most think, which is why I am negative on fossil companies.
    Apr 27, 2015. 07:03 PM | 1 Like Like |Link to Comment
  • The Last Two Oil Crashes Show Peak Oil Is Real [View article]
    I believe I mentioned it. A couple of times.
    Apr 25, 2015. 07:59 PM | 1 Like Like |Link to Comment
  • The Last Two Oil Crashes Show Peak Oil Is Real [View article]
    Q: What percentage of U.S. electricity is produced by burning oil?

    A: 1%, according to the EIA:

    So...the energy to charge the batteries will be 99% non-oil. Which means increased electricity usage due to more electric cars will have a negligible impact on oil demand.

    We are already seeing developing countries going right to renewables and skipping fossil fuels. The coal industry has been hit hard of late, losing 76% of its value between 2009-2014.

    We are on the edge of an energy storage revolution, already wind is cheaper than just about every other source of energy, and nations around the world are tightening the screws on carbon.

    Joke all you want, but you let your political alignment color your judgement at your own peril. Fossils are long-term losers.
    Apr 25, 2015. 05:12 PM | 2 Likes Like |Link to Comment
  • The Last Two Oil Crashes Show Peak Oil Is Real [View article]
    Demand destruction, demand destruction, demand destruction.

    THIS is what will ultimately drive "peak oil."

    We are using less oil today, and that is a consequence of better fuel economy and no longer using oil (to a significant extent) to produce power. Demand destruction is already starting to occur.

    There's a battery revolution coming, technology is racing ahead to solve range, cost and charging time issues. Couple that with increasing action on the climate and this spells the death knell for oil as a significant source of energy.

    Saudi Arabia has the spigot wide open because they understand this - better to make $50 a barrel on oil now than $0 a barrel on oil that will be left in the ground due to lack of demand.

    Long term (over say a 10-20 year horizon) oil will be a loser.
    Apr 25, 2015. 09:02 AM | 3 Likes Like |Link to Comment
  • General Electric: Fool Me Once, Shame On You; Fool Me Twice, Shame On Me [View article]
    Felix -

    Not quite :)

    But my bad, the quote is actually "There's an old saying in Tennessee - I know it's in Texas, probably in Tennessee - that says, fool me once, shame on - shame on you. Fool me - you can't get fooled again."
    Apr 20, 2015. 11:14 AM | Likes Like |Link to Comment
  • General Electric: Fool Me Once, Shame On You; Fool Me Twice, Shame On Me [View article]
    I think you got the quote wrong, it should be "Fool Me Once, Shame On You; Fool Me Twice, Won't Get Fooled Again!"
    Apr 18, 2015. 10:16 AM | 2 Likes Like |Link to Comment
  • Why I Sold All My US Stocks And Went All In On Hong Kong [View article]
    Are you calling it the "All Eggs In One Basket" strategy?
    Apr 15, 2015. 02:31 PM | Likes Like |Link to Comment
  • The Demise Of The Electric Utility Or Are Regulators Kicking Solar To The Curb? [View article]
    Northeast Utilities (now Eversource Energy) jacked our monthly "connection charge" to $19.50 an hour. Thanks guys!

    Good thing I am a shareholder to offset some of these increased rates.
    Apr 14, 2015. 03:02 PM | Likes Like |Link to Comment
  • McDonald's Still Getting Its Lunch, And Breakfast, Eaten [View article]
    "McDonald's (NYSE:MCD) has been getting its lunch eaten, literally and figuratively."

    McDonald's, the corporation, literally eats lunch? What does it have?

    Also...have you eaten at Taco Bell? Their food is atrocious. McDonald's blows them out of the water on quality.

    The only time I have eaten there is when I was 20 years younger and at the end of a night drinking. I would never consider going there sober.
    Apr 14, 2015. 02:39 PM | 3 Likes Like |Link to Comment
  • Natural Gas Falls Off The Edge Of The Cliff [View article]
    "Until 2008, Oklahoma experienced an average of one to two earthquakes of 3.0 magnitude or greater each year. (Magnitude-3.0 earthquakes tend to be felt, while smaller earthquakes may be noticed only by scientific equipment or by people close to the epicenter.) In 2009, there were twenty. The next year, there were forty-two. In 2014, there were five hundred and eighty-five, nearly triple the rate of California. Including smaller earthquakes in the count, there were more than five thousand. This year, there has been an average of two earthquakes a day of magnitude 3.0 or greater."

    No worries, right?
    Apr 13, 2015. 11:57 AM | 4 Likes Like |Link to Comment
  • General Electric: A Big Move [View article]
    Would rather see a special dividend to distribute the $30B proceeds versus more financial engineering via buybacks...
    Apr 10, 2015. 12:47 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Stock Futures Drop On Weak Jobs Numbers [View article]
    The only place the books are being cooked is in Tea Party Fantasyland. Tighten that tinfoil hat and remember, facts are only facts if they support your worldview.
    Apr 6, 2015. 10:10 AM | 2 Likes Like |Link to Comment
  • General Electric: Well Positioned To Exploit The Looming Paradigm Shift [View article]
    There is a paradigm shift afoot but it is not mentioned in the article. It's the transition from fossil fuels to renewables. The EIA report, in my opinion, is extremely conservative. It shows coal as flat and shows marginal increases with renewables. I believe coal has started its decline as a fuel for electricity and natural gas will be the bridge to a renewable future.

    There is a revolution going on, wind and solar are accelerating as the planet finally seems to be coming to grips with the urgent need to reduce CO2 emissions. Further, energy storage research is continuing apace, and once that bears fruit wind and solar deployment will only accelerate from their current aggressive growth.

    So really the question is whether GE is poised to take advantage of this real paradigm shift. I believe they are, to some extent, based on their exposure to wind turbines and the recent Alstom acquisition. Of course it has also made a big bet in the fossil industry which counters their renewable exposure.

    Regardless of your political leanings renewables have gained a viable foothold in the energy market and has already reached cost parity with renewables in many places. Technological advances, economies of scale and large scale storage deployment will only push those cost curves down further making renewables the go-to choice for inexpensive electricity.
    Apr 4, 2015. 09:58 AM | 1 Like Like |Link to Comment
  • If You Think Facebook's Stock Is A Trap, Keep This In Mind [View article]
    Admiral Ackbar still thinks it's a trap.
    Mar 26, 2015. 02:58 PM | 4 Likes Like |Link to Comment