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  • Boone Pickens' Holdings [View article]
    With the CHK CEO being wiped out in the market, it shows running a exploration and natural gas company is quite different from managing a stock portfolio. We wont see much of Pickens or McClendon on TV from now on. Like other comments I like Pickens plan for shifting motor transport over over to gas. The problem is compressed natural gas needs to be stored at very high pressures to get much mass into a reasonable volume. Propane stores at 177 psi in a liquid form at 100F which makes it nearly perfect for automobile use. While a gallon of propane has less energy(91000 vs 120000 btu) that equivalent gallon of gasoline, it is still an excellent automotive fuel.
    Oct 14 20:59 pm |Rating: 0 0 |Link to Comment
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