SteveB/Colorado's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/244669/comments http://seekingalpha.com/article/168900-penn-west-a-slightly-expensive-replacement-for-harvest-energy?source=feed#comment-773578 773578 Mon, 23 Nov 2009 12:34:03 -0500 http://seekingalpha.com/article/153539-tight-sands-natural-gas-an-ignored-and-promising-u-s-energy-frontier?source=feed#comment-615012 615012
Joe H. referenced "greenie blowhards" and FlipDog wrote "why are producers punished and 'drill here, drill now." Sorry guys, but you're both guilty of not doing your homework. As of June, 2008, energy companies held over 67 million acres of undeveloped oil & gas leases; onshore, mostly here in the West, and offshore (source: Republicans for Environmental Protection). It's not the environmental lobby stopping production; it's the companies themselves. And the June, 2008 figure comes from just before the recession fully kicked in. My thought is to grant no more leases of public land until the companies get the backlog down below 10 million acres. ]]> Tue, 04 Aug 2009 14:10:52 -0400
Joe H. referenced "greenie blowhards" and FlipDog wrote "why are producers punished and 'drill here, drill now." Sorry guys, but you're both guilty of not doing your homework. As of June, 2008, energy companies held over 67 million acres of undeveloped oil & gas leases; onshore, mostly here in the West, and offshore (source: Republicans for Environmental Protection). It's not the environmental lobby stopping production; it's the companies themselves. And the June, 2008 figure comes from just before the recession fully kicked in. My thought is to grant no more leases of public land until the companies get the backlog down below 10 million acres. ]]> http://seekingalpha.com/article/148537-why-obama-s-economic-policies-are-failing?source=feed#comment-587075 587075
Out here, we also continue to hear the "siren song" that developing oil share will solve all our energy problems. There is also the criticism of the Interior Department for not doing more leasing of shale lands. However, there is no economically feasible way to develop that resource. Companies have tens of thousands of shale acres already in hand, between leased R & D acres & their own private land in Colo., Wy., and Utah. The companies are doing little to develop this land and Shell Oil had admitted it will be several years before they know if their current experiments will work.

In short, it's easy to say "drill, baby, drill." But not so easy to make it happen. Perhaps Dr. Morici should have done some additional background research. ]]> Tue, 14 Jul 2009 08:16:22 -0400
Out here, we also continue to hear the "siren song" that developing oil share will solve all our energy problems. There is also the criticism of the Interior Department for not doing more leasing of shale lands. However, there is no economically feasible way to develop that resource. Companies have tens of thousands of shale acres already in hand, between leased R & D acres & their own private land in Colo., Wy., and Utah. The companies are doing little to develop this land and Shell Oil had admitted it will be several years before they know if their current experiments will work.

In short, it's easy to say "drill, baby, drill." But not so easy to make it happen. Perhaps Dr. Morici should have done some additional background research. ]]> http://seekingalpha.com/article/142648-republicans-offer-alternative-energy-bill-heavy-on-nuclear-oil-drilling?source=feed#comment-542142 542142
More drilling could be an answer. But how to get the energy companies to drill what they already have is a barrier. As of one year ago, companies had over 67 million acres of undeveloped oil & gas leases; on-shore, mostly in the West, and off-shore (source: Republicans for Environmental Protection). That was before companies began to cap wells & idle rigs due to the recession. More leasing is not an answer. ]]> Thu, 11 Jun 2009 10:46:49 -0400
More drilling could be an answer. But how to get the energy companies to drill what they already have is a barrier. As of one year ago, companies had over 67 million acres of undeveloped oil & gas leases; on-shore, mostly in the West, and off-shore (source: Republicans for Environmental Protection). That was before companies began to cap wells & idle rigs due to the recession. More leasing is not an answer. ]]> http://seekingalpha.com/article/140659-dividend-investors-running-with-the-bulls?source=feed#comment-527946 527946 Tue, 02 Jun 2009 10:11:40 -0400 http://seekingalpha.com/article/136775-political-incompetence-could-drive-up-the-price-of-oil?source=feed#comment-498931 498931
Is the air car an updated version of cold fusion? One must wonder. ]]> Mon, 11 May 2009 10:50:41 -0400
Is the air car an updated version of cold fusion? One must wonder. ]]> http://seekingalpha.com/article/133924-high-yield-canadian-royalty-trusts-vs-dividend-growth-stocks?source=feed#comment-498231 498231
His associate writes, in a review of HTE, "Under a 2006 proposal, Canadian trusts would be taxed like other corporations (at the 31.5 percent rate) beginning in 2011. Trust shares tumbled when the news hit because this would eliminate their major advantage. But other plans have since surfaced including bringing the tax back to 10 percent and not allowing any more trusts to be created."

It would appear that the plan for the big change at beginning of 2011 is not a done deal. Or to put it differently, cooler & smarter minds may yet prevail in Ottawa.

For Konchan, you can recoup some of the Canadian taxes you pay when you file your US tax return by completing form 1116. ]]> Sun, 10 May 2009 20:08:41 -0400
His associate writes, in a review of HTE, "Under a 2006 proposal, Canadian trusts would be taxed like other corporations (at the 31.5 percent rate) beginning in 2011. Trust shares tumbled when the news hit because this would eliminate their major advantage. But other plans have since surfaced including bringing the tax back to 10 percent and not allowing any more trusts to be created."

It would appear that the plan for the big change at beginning of 2011 is not a done deal. Or to put it differently, cooler & smarter minds may yet prevail in Ottawa.

For Konchan, you can recoup some of the Canadian taxes you pay when you file your US tax return by completing form 1116. ]]> http://seekingalpha.com/article/132911-where-s-the-oil?source=feed#comment-476196 476196 Fri, 24 Apr 2009 14:34:01 -0400 http://seekingalpha.com/article/132865-a-california-default?source=feed#comment-476176 476176 Fri, 24 Apr 2009 14:24:53 -0400 http://seekingalpha.com/article/130146-200-oil-is-coming-while-we-waste-a-perfectly-good-crisis-part-3?source=feed#comment-460480 460480
Another problem with oil shale production is that it will consume enormous amounts of water and energy. Some say the energy may come from on- site or nearby natural gas. But where will the water come from, in an already arid West? Funny that no one talks about, or even knows about, the 1922 Colorado River Compact and how the water in the already over-appropriated river system gets divvied up. Maybe southern California and the Front Range of Colorado will get dried up some so folks back East can still drive their pickups getting 12 miles per gallon??

Second point mentioned by no one: at the time of very high oil & nat gas prices in June , 2008, energy companies were sitting on over 67 million acres of undeveloped leases on shore, mostly in the West, and off-shore. "Drill, baby, drill" was a fun mantra during the election, but was directed in the wrong place. What is the point of continuing to award leases to energy companies just to see the leases sit and enhance the corporate bottom line? Sort of gives the "market" and "reliance" on market forces to accomplish everything a bad name.

All in all, Mr. Quinn presented a thoughtful article. Not sure I agree with each & every comment. But he still gives a lot to think about. Seems to me that we will need all possible energy options to be in play. Final thought to several: give the "eco-nazis" rhetoric a rest; use of that sort of ugly rhetoric doesn't solve anything. ]]> Sun, 12 Apr 2009 11:08:50 -0400
Another problem with oil shale production is that it will consume enormous amounts of water and energy. Some say the energy may come from on- site or nearby natural gas. But where will the water come from, in an already arid West? Funny that no one talks about, or even knows about, the 1922 Colorado River Compact and how the water in the already over-appropriated river system gets divvied up. Maybe southern California and the Front Range of Colorado will get dried up some so folks back East can still drive their pickups getting 12 miles per gallon??

Second point mentioned by no one: at the time of very high oil & nat gas prices in June , 2008, energy companies were sitting on over 67 million acres of undeveloped leases on shore, mostly in the West, and off-shore. "Drill, baby, drill" was a fun mantra during the election, but was directed in the wrong place. What is the point of continuing to award leases to energy companies just to see the leases sit and enhance the corporate bottom line? Sort of gives the "market" and "reliance" on market forces to accomplish everything a bad name.

All in all, Mr. Quinn presented a thoughtful article. Not sure I agree with each & every comment. But he still gives a lot to think about. Seems to me that we will need all possible energy options to be in play. Final thought to several: give the "eco-nazis" rhetoric a rest; use of that sort of ugly rhetoric doesn't solve anything. ]]> http://seekingalpha.com/article/129500-banking-on-energy-rather-than-currency-or-gold?source=feed#comment-452433 452433
We also just launched another giant aircraft carrier designed to fight the Soviet Union on the high seas. Oops, they must not have noticed the departure of the Soviet Union via implosion in 1991. ]]> Sun, 05 Apr 2009 12:13:00 -0400
We also just launched another giant aircraft carrier designed to fight the Soviet Union on the high seas. Oops, they must not have noticed the departure of the Soviet Union via implosion in 1991. ]]> http://seekingalpha.com/article/129420-is-the-russian-bear-hibernating?source=feed#comment-452424 452424 Sun, 05 Apr 2009 12:06:17 -0400 http://seekingalpha.com/article/129457-unemployment-reaches-8-5-businesses-gird-for-depression?source=feed#comment-452413 452413
The author misses one major point in his commentary about spending. A recent GAO report highlighted some 64 of 96 major arms procurement programs are running a cumulative $296 billion over budget. Eisenhower warned about the military/industrial complex decades ago, but we haven't listened. The trick is how to find and create a reasonable defense without utilizing unnecessary weapons systems; $500 toilet seats; and keeping open unneeded bases on the dubious grounds they create sustainable jobs in local economies. ]]> Sun, 05 Apr 2009 11:58:30 -0400
The author misses one major point in his commentary about spending. A recent GAO report highlighted some 64 of 96 major arms procurement programs are running a cumulative $296 billion over budget. Eisenhower warned about the military/industrial complex decades ago, but we haven't listened. The trick is how to find and create a reasonable defense without utilizing unnecessary weapons systems; $500 toilet seats; and keeping open unneeded bases on the dubious grounds they create sustainable jobs in local economies. ]]> http://seekingalpha.com/article/128566-depression-still-avoidable-david-schmittlein?source=feed#comment-446990 446990 Tue, 31 Mar 2009 16:06:27 -0400 http://seekingalpha.com/article/128148-expect-oil-to-approach-100-bbl-again-by-summer?source=feed#comment-442547 442547 Fri, 27 Mar 2009 12:37:38 -0400 http://seekingalpha.com/article/127517-why-is-oil-trading-at-53-when-supply-and-demand-is-so-bearish?source=feed#comment-438170 438170 rep.org). "of the federally managed outer continental shelf, 44 million acres of coastal waters have been leased. Only 10.5 million acres are in production. On public lands, mostly in the West, 47.5 million acres have been leased. Only 13 million acres are in production. When congressmen clamor to open more lands and waters for leasing, their constituents should ask them why so many existing leases are not in production."

This was the situation when oil & natural gas prices were at record highs. Yes, we weren't drilling for our own resources. It's hard to drill when companies are stockpiling leases for the corporate bottom line. ]]> Tue, 24 Mar 2009 11:18:50 -0400 rep.org). "of the federally managed outer continental shelf, 44 million acres of coastal waters have been leased. Only 10.5 million acres are in production. On public lands, mostly in the West, 47.5 million acres have been leased. Only 13 million acres are in production. When congressmen clamor to open more lands and waters for leasing, their constituents should ask them why so many existing leases are not in production."

This was the situation when oil & natural gas prices were at record highs. Yes, we weren't drilling for our own resources. It's hard to drill when companies are stockpiling leases for the corporate bottom line. ]]> http://seekingalpha.com/article/123195-why-ford-will-make-it?source=feed#comment-406943 406943
I bought my last US car (small Ford Explorer with manual transmission) in fall, 2001 and traded it for a Nissan in fall, 2006. Had to replace the clutch at 35,000 miles. Had to replace it again at 75,000 miles plus replace the rear end. I did almost no "four wheeling" with that car and tend to "baby" my cars anyway. I won't buy American again.

I still hope Ford makes it. But it's also real clear to me that the USA can no longer support three large auto companies. ]]> Sat, 28 Feb 2009 10:32:03 -0500
I bought my last US car (small Ford Explorer with manual transmission) in fall, 2001 and traded it for a Nissan in fall, 2006. Had to replace the clutch at 35,000 miles. Had to replace it again at 75,000 miles plus replace the rear end. I did almost no "four wheeling" with that car and tend to "baby" my cars anyway. I won't buy American again.

I still hope Ford makes it. But it's also real clear to me that the USA can no longer support three large auto companies. ]]> http://seekingalpha.com/article/115214-obama-s-gloomy-bailout-inheritance?source=feed#comment-359052 359052 Sun, 18 Jan 2009 12:05:28 -0500 http://seekingalpha.com/article/115059-can-americans-really-cut-back-on-consumption?source=feed#comment-357909 357909
I have a small SUV as I go (legally) off highway occasionally to access some backcountry trailheads. I keep my highway speed to 65 or less; not an easy task living out here in the wide open spaces of the West. I cut back on miles driven in 2008 by about 4,000 from 2007. I recycle junk mail, newspaper, aluminum, cardboard, plastic bottles. Several churches in my neighborhood have recycle bins. I keep my thermostat at 62-64 by day; 56-58 at night; and open all my south facing window blinds for "free heat" during the day. I don't run an air conditioner in the summer, but have several ceiling fans.

I can go on and on. I think it's a case of those of us who believe in conservation, and in saving money from such practices, to lead by example in our communities. ]]> Fri, 16 Jan 2009 14:39:13 -0500
I have a small SUV as I go (legally) off highway occasionally to access some backcountry trailheads. I keep my highway speed to 65 or less; not an easy task living out here in the wide open spaces of the West. I cut back on miles driven in 2008 by about 4,000 from 2007. I recycle junk mail, newspaper, aluminum, cardboard, plastic bottles. Several churches in my neighborhood have recycle bins. I keep my thermostat at 62-64 by day; 56-58 at night; and open all my south facing window blinds for "free heat" during the day. I don't run an air conditioner in the summer, but have several ceiling fans.

I can go on and on. I think it's a case of those of us who believe in conservation, and in saving money from such practices, to lead by example in our communities. ]]> http://seekingalpha.com/article/114882-8-5-trillion-spent-but-no-relief-in-sight?source=feed#comment-357121 357121 Thu, 15 Jan 2009 20:47:37 -0500 http://seekingalpha.com/article/114700-public-pensions-rotting-from-within?source=feed#comment-355766 355766
I'll agree that government retirement programs perhaps are more lavish than the private sector programs that remain, or 401(k)s. In recent years, federal employees haven't had access, as I understand it, to the old returement system and have had to pay at least into medicare.

To answer "bigmoney" about health care, reasonable health care is available to those under 65. I get mine through AARP, since I'm over 50.

Somebody wrote: "we are headed down the path of socialism, crony capitalism, and protectionism....." In my view, Bush/Cheney was all about crony capitalism (energy leasing practices via V-P Cheney's secret energy task force in 2001, no-bid contracts in Iraq for Halliburton, etc.). Laws like the Patriot Act were all about socialism. The US steel industry is now advocating for use only of steel made in this country. Price of sugar has been kept artificially high for decades in the interests of US sugar producers. There's two examples of protectionism. Looks like we're already there on all three counts. ]]> Wed, 14 Jan 2009 13:59:14 -0500
I'll agree that government retirement programs perhaps are more lavish than the private sector programs that remain, or 401(k)s. In recent years, federal employees haven't had access, as I understand it, to the old returement system and have had to pay at least into medicare.

To answer "bigmoney" about health care, reasonable health care is available to those under 65. I get mine through AARP, since I'm over 50.

Somebody wrote: "we are headed down the path of socialism, crony capitalism, and protectionism....." In my view, Bush/Cheney was all about crony capitalism (energy leasing practices via V-P Cheney's secret energy task force in 2001, no-bid contracts in Iraq for Halliburton, etc.). Laws like the Patriot Act were all about socialism. The US steel industry is now advocating for use only of steel made in this country. Price of sugar has been kept artificially high for decades in the interests of US sugar producers. There's two examples of protectionism. Looks like we're already there on all three counts. ]]> http://seekingalpha.com/article/112982-environmentalism-may-face-major-setback-in-2009?source=feed#comment-344836 344836
"Global warming is a hoax:" then maybe there is a rational (not a right wing hysterical explanation) reason for what I've observed with glaciers receding in the past 20 years. Kilimanjaro, Mt. Kenya, the Alps, Caucasus Mtns. of Russia, southern Andes, Rockies: I've seen them all over a period of time and SOMETHING is going on.

Freedoms Truth needs to do a bit more homework. As for pursuing oil shale, there is no economically viable means to extract same in a manner that doesn't trash a big part of the West (also known as the US's economic colony). Shell Oil is the pioneer in developing oil shale and has stated they won't know for several years if their in-situ heating and freeze-wall technology even works. The main noise for oil shale comes from wildcatters with big dollars in their eyes and their puppet politicians, like the Utah governor and two senators, who ignore economic & scientific realities.

"Solar is a pipedream".....funny, it seems to be working well here in the West and the technology is getting better year by year; same for wind power. Yes, both are subsidized to a degree--but we're not subsidizing oil consumption with all our massive spending on roads??

Tek wrote: "we must be more frugal, efficient and conservative with what we have, regardless." Very good thinking; there is enormous down-the-road savings to be had simply by retrofitting buildings so they are more efficient energy users.

One thing Freedoms Truth wrote is a good idea: an oil tariff so there is a floor under oil prices. That makes sense.

No matter what, the era of cheap energy is over. The sooner we move to alternatives of all kinds, and lessen our dependence on petro-dictators, the better off we will be. ]]> Sat, 03 Jan 2009 11:18:15 -0500
"Global warming is a hoax:" then maybe there is a rational (not a right wing hysterical explanation) reason for what I've observed with glaciers receding in the past 20 years. Kilimanjaro, Mt. Kenya, the Alps, Caucasus Mtns. of Russia, southern Andes, Rockies: I've seen them all over a period of time and SOMETHING is going on.

Freedoms Truth needs to do a bit more homework. As for pursuing oil shale, there is no economically viable means to extract same in a manner that doesn't trash a big part of the West (also known as the US's economic colony). Shell Oil is the pioneer in developing oil shale and has stated they won't know for several years if their in-situ heating and freeze-wall technology even works. The main noise for oil shale comes from wildcatters with big dollars in their eyes and their puppet politicians, like the Utah governor and two senators, who ignore economic & scientific realities.

"Solar is a pipedream".....funny, it seems to be working well here in the West and the technology is getting better year by year; same for wind power. Yes, both are subsidized to a degree--but we're not subsidizing oil consumption with all our massive spending on roads??

Tek wrote: "we must be more frugal, efficient and conservative with what we have, regardless." Very good thinking; there is enormous down-the-road savings to be had simply by retrofitting buildings so they are more efficient energy users.

One thing Freedoms Truth wrote is a good idea: an oil tariff so there is a floor under oil prices. That makes sense.

No matter what, the era of cheap energy is over. The sooner we move to alternatives of all kinds, and lessen our dependence on petro-dictators, the better off we will be. ]]> http://seekingalpha.com/article/112813-tarp-is-bad-for-dividend-investors?source=feed#comment-343340 343340 Thu, 01 Jan 2009 11:05:26 -0500 http://seekingalpha.com/article/111972-falling-oil-prices-the-bright-side-of-the-meltdown?source=feed#comment-336751 336751
I have driven small SUVs for years, as that type of vehicle makes sense in the mountain environment where I live. But from 2006 to 2008, I decreased my miles driven by over 20%. Amazing how much money can be expended on unnecessary driving. ]]> Tue, 23 Dec 2008 12:37:32 -0500
I have driven small SUVs for years, as that type of vehicle makes sense in the mountain environment where I live. But from 2006 to 2008, I decreased my miles driven by over 20%. Amazing how much money can be expended on unnecessary driving. ]]> http://seekingalpha.com/article/111315-america-s-economic-collapse-how-bad-will-it-get?source=feed#comment-333386 333386 Thu, 18 Dec 2008 16:09:44 -0500 http://seekingalpha.com/article/108344-last-thursday-was-the-bottom-it-s-time-to-get-back-in?source=feed#comment-318227 318227
One thing for sure: this meltdown is a Bush/Cheney legacy. Regardless of those who try to blame Clinton or even Carter, B/C have had nearly 8 years in office.

(disclosure: I'm a traditional conservative Republican proud that I never voted for B/C. Sometimes you just got to sit things out)]]> Mon, 01 Dec 2008 12:42:34 -0500
One thing for sure: this meltdown is a Bush/Cheney legacy. Regardless of those who try to blame Clinton or even Carter, B/C have had nearly 8 years in office.

(disclosure: I'm a traditional conservative Republican proud that I never voted for B/C. Sometimes you just got to sit things out)]]> http://seekingalpha.com/article/97517-on-board-the-u-s-s-titanic?source=feed#comment-265772 265772
Final note about Ron Paul. He's a great ranter, but has little in way of workable ideas. ]]> Fri, 26 Sep 2008 09:20:08 -0400
Final note about Ron Paul. He's a great ranter, but has little in way of workable ideas. ]]> http://seekingalpha.com/article/90926-canroys-remain-attractive-as-oil-related-investments?source=feed#comment-232360 232360
According to Republicans for Environmental Protection (rep.org), from a post in June by their staff, about 44 million acres of the federal outer Continental Shelf have been leased, but only 10.5 million acres are in production. Why? Yes, there are reasons like a shortage of deep sea drilling rigs. But the loud rhetoric to "lease & drill now" to bring down prices at the pump rings hollow in the face of the facts.

Onshore, 47.5 million acres have been leased, mostly in the West and mostly for natural gas. But again, only 13 million acres are in production. Same issues--shortage of drill rigs? Maybe. But sadly, there is no shortage of inflammatory rhetoric from those who think the USA can drill its way to energy independence. ]]> Sun, 17 Aug 2008 11:32:43 -0400
According to Republicans for Environmental Protection (rep.org), from a post in June by their staff, about 44 million acres of the federal outer Continental Shelf have been leased, but only 10.5 million acres are in production. Why? Yes, there are reasons like a shortage of deep sea drilling rigs. But the loud rhetoric to "lease & drill now" to bring down prices at the pump rings hollow in the face of the facts.

Onshore, 47.5 million acres have been leased, mostly in the West and mostly for natural gas. But again, only 13 million acres are in production. Same issues--shortage of drill rigs? Maybe. But sadly, there is no shortage of inflammatory rhetoric from those who think the USA can drill its way to energy independence. ]]>