Seeking Alpha

billddrummer » Comments » BP

  • Book Review: Robert Hefner's 'The Grand Energy Transition' [View article]
    I appreciate you bringing this book to our attention, despite the vitriol, misinformation, and just plain wrongheadedness exhibited by many of the posters.

    I'm putting this at the top of my "To Read" books.

    Thank you.
    Mar 12 19:11 pm |Rating: +3 -2 |Link to Comment
  • America's Energy Policy: Coming to Terms with Reality [View article]
    Demonizing OPEC makes no sense, when the biggest supplier of foreign oil is....CANADA!!! Oh, Canada, how we love thee.

    Anyway, the author is spot on about the limited impact publicly traded oil companies have on the global scene. The largest oil company in the US, Exxon/Mobil, is not among the top 10 in proven reserves. In fact, US oil companies control less than 10% of proven reserves worldwide. (Go to Harris Interactive for a survey. The answers may surprise you.)

    Furthermore, less than 15% of our imported oil is supplied by the Persian Gulf countries. Most of their exports go to Europe, Asia and Africa.

    Might as well nationalize the few oil companies that are left. Then let Congress try to figure out how to find new oil when the same Congress prevents drilling even exploratory holes in 'environmentally sensitive' regions of the US.

    We're not going to change our habits. If you don't like the price of gasoline, stop driving your car. If you don't want to give up your car, shut up and pay it.
    May 23 16:48 pm |Rating: 0 0 |Link to Comment
More on BP by billddrummer
Comments by Ticker
AA, AAPL, ABG, ABK, ACI, ADDYY.PK, ADP, AEO, AGG, AIG, AIV, AMD, AMR, AMZN, AN, ANF, ANR, APA, APC, APD, ARDNA, ARO, ASF, AVB, AXP, AYE, BAC, BAIRY.PK, BAM, BBBY, BBI, BBT, BBY, BCS, BGP, BHP, BIDU, BIG, BJ, BJS, BK, BKC, BKE, BKS, BKUNA, BLKIA.PK, BMY, BNI, BNPQY.PK, BP,
billddrummer's
Comments Stats
811 comments
Rating: 214 (313 - 99 )