Bobco23

Book Review: Robert Hefner's 'The Grand Energy Transition'

Nice StarTrek view into the future.

Most of us will be dead before hydrogen becomes a viable, cost effective, and practical fuel. A lot of us older guys will be dead before solar has any significant impact for our energy sources. Solar works a bit locally, but the transmission loss to pump it from sunshine states to the rest of the country makes it impractical to be more than a minor component of a varied energy source. The same is true of wind, hydro, and tidal electric generators.

The environmentalist are incharge at the white house and congress, so we will dream the dream of "clean energy", subsidize unprofitable producers, and squander opportunities for practical solutions.

Those who see nat gas as the most viable transportation fuel are correct. Nuclear is the best for electric production, buy Harry Reid is killing this alternative by preventing a solution to the waste storage area problem. Electric cars are ok if they are hybrids using waste energy from the vehicle's motion, but if you consider the transmission loss on energy for true battery powered vehicles, you find that the total "cradle to grave" cost is prohibitive.

Foreign oil is among other things, a national security threat. We must get off of it as fast as we can.

Man-made global warming and CO2? Anyone who believes in this is either a fool or in on the scam.

Takeover Climate in Oil and Gas

It is surprising the M&A activity has not yet begun. Watching BP get "thrown around like a rag doll" (Jeff Imelt, GE CEO) by Russia; XOM, CVX, and COP operations getting nationalized by Chavez; Nigeria's ethnic/religious/polit... unrest; and the standard middle east fare, one would think "safe" resources would be on the major's "buy now" shopping list. The next tier companies with comparatively "safe" resources would be the obvious targets: APC,APA, CNQ, and maybe OXY, MRO, HES. Any other targets?