jack kreg

29 Comments

    • Oil: The Inconvenient Truth [view article]
      appreciate your article on energy and related policy issues.
      One gets an uneasy feeling seeing a majority of our off-shore oil reserves smack in the middle of hurricane alley.
      We are so vulnerable to a 100 year storm, CAT 5, taking out 1/2 of our oil/gas production, small as it is.
      Anyone with any experience in risk management, would immediate decide that other off-shore areas should be incorporated into our production fields.
      CA, Alaska and the east coast come immediately to mind.
      The other point is that we dont drill in CA for fear of a leak, and we have not ever had a CAT ? storm. Given that the rigs in the gulf survive CAT 2 or 3 storms every year and leaking is hardly an issue, the hesteria in CA is much to do about nothing, given todays rig technology.
      Finally, it turns that NOT drilling in the off-shore of Santa Barbara, CA, causes oil leakage from the oceans surface that would end if the reserves were taped and the pressure releaved. To the point where the locals, who are hardly "drill friendly" have actually voted to have production be turned back on and the pressure releaved to elimenate leaking from the ocean floor.
      thanks for article.       Sep 03 11:41 AM
    • Big Oil Asks: Where Will Tomorrow's Oil Come From? [view article]
      Enter your comment here"Brazil’s Petrobras discovered 33 billion barrels of oil and gas in the Atlantic, the world’s largest discovery in at least 32 years. "
      While Americans sit on 20-40 billion barrels of oil in ANWR, where daily production, 1-2 million barrels, would match our imports from the Saudi's, who supply 15% of the USA's oil imports.
      First we must drill for all know oil in the USA and its waters.
      Second, we must build 50 large scale coal to fuel refinery's,
      Third, we must build 50 nuclear power plants and convert our auto fleet to electric, which can be charged with our new power source, nuclear.
      These 3 steps will make America much less dependent on oil imports, will strengthen our economy, by providing a huge number of new jobs in the energy industry, will strengthen our dollar, by keeping in America, most of the $400 Billion currently spent on oil imports.
      Most important, it will provide a long term solution to America's need for more and more energy.       Apr 24 12:09 PM
    • GM Looks Beyond Oil [view article]
      Dr. Robert G. Nuclear fuel can be recycled in a reactor, what we call spent fuel today still has considerable energy left in it. We can convert our auto fleet to over 50% electric fairly quickly, like 10 or 20 years, and build th nuclear plants to charge them. That would cut imported oil a considerable amount.
      The nuclear waste problem can be solved by re-cycling it and using it over and over.       Apr 19 08:03 PM
    • GM Looks Beyond Oil [view article]
      If we converted 1/2 of our auto's to electric, where do we get the power to charge the battery's. Currently, over half of our electric power comes from coal-based power plants.
      Answer, yes convert auto fleet to electric, and reduce gasoline consumption, less imported oil and less pollution, that's great. But, we still need major new sources of electric power, nuclear power is the answer. Further, begin converting our coal powered plants to coal to liquid fuel refinery's, which are much cleaner that current plants. CTL produces a variety of clean liquid fuels, gasoline, diesel and jet fuel, we will need these fuels for decades. CTL production will reduce our dependence on imported oil.
      All of this delays Peak oil, and increasingly makes America less and less dependent on imported crude oil.
      Apr 18 12:43 PM
    • Recession? I've Got a Solution [view article]
      Sterman must be commended, as an engineer, the CTL refinery is a no-brainer, even if it only moved 1/4 of our energy dollar flow away from the Middle East, and was paid to an American Energy Industry and its employee's. These jobs will not be outsourced. Don't let the warming croud hold this back, in 5 or 10 years, they won't be able to explain the credible data that the earth has cooled. It is already starting, as solar evidence is a leading indicator. Stay with CTL, the American Energy Industry and its American employee's. Mar 24 04:38 PM
    • Sorry Greens, Fossil Fuels Are Here to Stay [view article]
      JL Shaefer, excellent and very forward looking article.
      Another important factor in your article is that building dozens even hundreds of nuclear and coal to liquid fuel plants will employ Americans to build American assets. In 20 years, we could marginalize the Middle East oil.
      The Greens solution continues the flow of our power dollars to the Middle East. The fantasy of re-newable energy is what keeps us chained to the Middle East. I, for one, would employ Americans to build American energy assets.       Mar 17 02:07 PM
    • Time for Greater Oversight of Mortgage Lenders? Duh! [view article]
      Mortgage oversite, how do I spot a dead beat borrower, without profiling or some other illegal method? Mar 14 12:30 PM
    • Time for Greater Oversight of Mortgage Lenders? Duh! [view article]
      The author rants about recent history and speculates about the near future. Mar 14 12:29 PM
    • Annaly Capital Management Selloff Overdone [view article]
      I have been following the stock for a year, now I buying on dips. Great management. Mar 14 12:23 PM
    • Wachovia's 'Poorly Timed' Deals Put Dividend at Risk [view article]
      Keep on bashing the stock, I want to buy at lower prices, using the shovel. Mar 07 12:10 PM
    • Analysts Like Home Depot's Cautious 2008 Outlook [view article]
      Dividend is currently yielding over 3%. Potential for long term capital gain and dividend growth are bright, but you will need to stay in for 3-5 years, and be sure to buy in steps, buy some now and wait a few quarters, then buy some more if their long term prospects still look good. Feb 29 12:12 PM
    • Proposals for a Depreciating Housing Environment [view article]
      Warrior, if you are a soldier, then bless you for your service to the USA, the best country in the world, always has been, always will be. With all due respect for the freedom of speech that you may have fought for, you might want to take a more freedom orientation to your perspective. The worlds great socialists, also have the honor of being the greatest mass durders of all history. Stalin, Mao and their world wide ilk have murdered nearly 100 million people. No other country is anyway near. I like the sound of freedom, better than your form of socialism. But bless you always for your service to the good old USA. Feb 25 12:59 PM
    • Proposals for a Depreciating Housing Environment [view article]
      It seems to me that if the bank is to write off some of the money it loaned to the home owner, that the bank ought to get an equity position in the property, that is infront of the borrowers. I can't see how the bank should not participate in future growth in real estate prices, after forgiving their money to the borrower. Feb 25 12:05 PM
    • Friday Outlook: Two-Way Volatility Continues [view article]
      US dollar is finding some form of bottom at 76, on the USD index that you have graphed. In 2.5 years, it has dropped from 90 to current levels. One would think that it must be putting extreme pressures on industry in Europe, hence a weakening their economy and causing eventual interest rate cuts. The interest rates cuts would presumably weaken the EU and stimulate consumer growth.
      So, does this support the idea that the dollar is making a bottom, which may last for a few years? thoughts?       Feb 22 12:01 PM
    • Oil and Natural Gas Will Decouple - Big Time [view article]
      Have you compared the economics and environmental issues between natural gas and liquified coal fuel. I have heard that LCF is much cleaner than burning pulverised coal, the toxic compounds (mercury and sulfur) are removed in refining. The fuel must be something like a heavy crude oil? The cost maybe high, making it economical with foriegn oil at $100, but maybe it is worth the cost, if we can reduce imports of foriegn oil. Any other facts or comments. One also has to look very hard at nuclear power, and its use in the power grid and for battery powered electric cars. thanks for article, I am an owner of EPD (gaslines), ERF and PGH (oil and gas Canadian trusts), and a buyer on dips to support. Feb 22 11:53 AM
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