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Jim Baruch

Jim Baruch
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  • It's the Oil Imports, Stupid! [View article]
    Also, the natural gas industry has been using gas driven Catepillar engine compressors along with others forever.
    Dec 11, 2010. 08:10 PM | 2 Likes Like |Link to Comment
  • A Lesson From Corporate America That Might Come Hard for China [View article]
    It says US lift tariffs and high tech export bans; but it didn't say anything about PRC lifting their trade restrictions, tariffs, and pegging of their currency. Hmmm!
    Dec 11, 2010. 07:47 PM | Likes Like |Link to Comment
  • You Need to Know This About Natural Gas - Dave Forest [View article]
    The day may come sooner then we think.
    Dec 10, 2010. 08:14 PM | 2 Likes Like |Link to Comment
  • Fiat's NatGas Cars Could Solve America's Oil Dependence [View article]
    Also, propane represents a small percentage of the gas stream produced from oil and gas wells as compared to the main componet of the gas phase which is mainly methane. There are many H/C's in the gas phase such as ethane, propane, butane, etc. but in limited amounts depending upon characteristics of the well.

    There is not enough of propane produced to be an extensive energy source. Methane is the abundant componet that is produced and is primarily the main componet natural gas.

    Propane does have it's limited use in transportation, residential and commercial applications and these applications will continue in the future.
    Dec 8, 2010. 11:31 AM | 3 Likes Like |Link to Comment
  • 10 Reasons to Buy Gold at $1,300 an Ounce [View article]
    My Dad says his grandpa put his money in glass jars in the garden except he kept forgetting where he buried them. I guess that's were I will hide my gold as you suggest if I don't forget where I buried it. . Maybe I'll make a map with X marks the spot.
    Dec 7, 2010. 06:05 PM | Likes Like |Link to Comment
  • You Need to Know This About Natural Gas - Dave Forest [View article]
    Fischer-Tropsch requires very high capital costs, maitenance and operating costs and requires high energy useage in the conversion process. It is normally used on coal gasification or stranded gas projects and is economical only when the price of oil reaches high enough to justfify these added costs. Transmission marketable natural gas can be used in it's existing state to provide fuel so the Fischer-Trop would not be justified for gas. I'm sure this process will have it's place in the future on different applications as oil prices escalate to justify them.
    Dec 7, 2010. 05:55 PM | 3 Likes Like |Link to Comment
  • 10 Reasons to Buy Gold at $1,300 an Ounce [View article]
    Do you own large quantities of physical gold and store it in a safe deposit box at the bank? The banks would be first to close in a crisis.

    If you store at your house, you are at risk of theft.

    I wouldn't own GLD or other gold ETF's based on what I've read.
    Dec 6, 2010. 09:09 AM | 2 Likes Like |Link to Comment
  • Foreign Oil Dependency: The Root Cause of America's Economic Pain [View article]
    Isn't it amazing, all the naysayers say the engineering, physics, and economics of natural gas won't work and that it is a safety hazard. You're a real life example along with the all the buses, trucks, and cars that have been converted around the world. I'm suprised this car can even run based on what other people have said.

    This is the very reason why America will likely not develop an energy policy regarding natural gas as a fuel until it becomes a crisis situation.

    Congratulations on your purchasee.
    Dec 6, 2010. 08:46 AM | 1 Like Like |Link to Comment
  • Job Growth Disappoints but Outlook Is Improving [View article]
    Talk to China they are masters of protecting their businesses from global competition and their pegging of their Currency. Every country in the world has some sort of protection for certain sectors of their economy and has since the beginning of time. You want to stand back and let every other country do it and not watch out for you country. There is no way every country in the world is going to throw down all trade barriers and it's probably going to get worse as economic conditions deteriorate. You're not living the the real world.
    Dec 4, 2010. 06:15 PM | 2 Likes Like |Link to Comment
  • Job Growth Disappoints but Outlook Is Improving [View article]
    Not since immediately before the great depression has there been greater desparity between the assets owned by the rich and those owned by the and middle class and poor. This should be an alarm button that things have tilted to far to one side. You can't have a thriving middle class if between 90 and 95% of the assets are owned by 5% of the population. It then becomes serfdom system.
    Dec 4, 2010. 06:06 PM | 4 Likes Like |Link to Comment
  • Job Growth Disappoints but Outlook Is Improving [View article]
    Enron was the cause of Sarbanes Oxley(which went way over board) and the big banks were the result of financial reform. They made their on bed and now the rest of us have lie in it. The proper balance of oversight and regulation is hard to maintain. Still the corruption and greed from speculation/gambling by the managment of these companies using stockholders money is the cause of reform. Ask the shareholders of Enron if they think regulation was necessary after their stock went to zero all the while their CEO was telling them to stay invested.

    If the U.S. doesn't get it's deficit/debt under control soon we are facing fancial disaster. The only way to get this under control is both raise taxes and cut costs. We have no choice in this matter and the sooner everyone realizes it the better.
    Dec 4, 2010. 05:46 PM | 5 Likes Like |Link to Comment
  • Job Growth Disappoints but Outlook Is Improving [View article]
    I agree with everything you said.
    Dec 4, 2010. 05:39 PM | 2 Likes Like |Link to Comment
  • Why Won't Policymakers Discuss Foreign Oil Imports? [View article]
    If you don't think that one of the principal reasons for the Iraq war was to stabilize the region to eliminate threats to the middle east oil fields you are nieve.
    Dec 4, 2010. 11:34 AM | 3 Likes Like |Link to Comment
  • Why Won't Policymakers Discuss Foreign Oil Imports? [View article]
    The Honda GX carries 7.8 eq. gallons(at 3600 PSI) with 24 mpg city and 36 mpg on road. This is " real world" . Other manufacturers are developing their on designs for natural gas. Natural gas is being used all over the world and across the U.S. This technoloyg is here and now.

    Natural gas is coming even if has to drag you so called engineers and physicists who quote low energy denisties which a middle school student could fiqure in a few simple calcuations with their simple calculators. So just set back and watch even if they require some governmentt subsidies and taxes to get started. It's going to happen.

    Regarding, free markets. There is no such thing us unfettered free markets in the "real world". In the "real world", the U.S. has been subsdizing, providing tax incentives, and applying tariffs to sectors of it's economy to allow them to them compete in global markets since it's inception. So has every other country. China is the worst of them all. To quote from recent SA article: We all know that China manipulates its currency, engages in protectionist policies that keeps many foreign products out of its markets but politicians do not cry foul. China keeps its currency weak so that its exports will be cheaper than other countries products. China discriminates against American goods more than America discriminates against their goods.

    So yes, governments do grant subsidies and tax benefits and use tariffs when they see it to be in their national interest and to protect and promote job creation. Every country in the world is doing it and will always continue to do so. And the USA will continue to do so as it has done throughout it's history.

    Natural gas is the "only" source of a transportable fuel to replace gasoline. All that is required is compression for storage. From an engineering point, it doesn't get any simpler then that. Eventually, and maybe along the way we will need to develop "electric only" cars but we are not there yet and so while we still have massive natural gas reserves that can be used for fuel, natural gas will used for transportation..

    We can continue to support subsidies and tax advangates given to coal and oil which skew the economics for coal or gasoline versus natural gas. At least we ought to consider off-setting subsidies and tax advantages for natural gas as fuel or eliminate all subsidies.

    The supply/demand gap is narrowing and in the next few years oil prices are going to go through roof just like they did in 2008. As soon the speculators smell this, these prices will spiral up rapidly just like they did last time when almost 90% of futures traded were by fund managers and hedge funds and not the oil companies trying to hedge their production. This will happen with oil and all other commodities in the future.

    We can act now and get ourselves in position for this or we can wait until it happens and go through a severe recession at minimum caused by high gasoline prices. Unfortunately, I know the answer. There are too many stubborn people with their heads buried in the sand who will not except their future reality and so they will deny until the end and then blame the oil companies and OPEC for the high gasoline prices which will not be further from the truth, when they had the power to control their own destiny but didn't.

    We could use natural gas as the transition fuel from oil and help get us to the next phase for which the technology doesn't exist yet. Yes, there, are a lot of pie in the sky ideas, but nothing has been developed that can replace gasoline/diesel in the magnitude of it's wide spread manner as is used in the U.S. today. The magnitude of this problem is enormous. We need to continue to work on the electric car technoloyg and to make plans for a future without any oil or gas; but natural gas is the transition fuel that will allow to continue to the research to get us to that point if we develop an overall comprehensive energy plan that gets us there.

    Do you really want to bank your children's futures on pie-in-the-sky ideas. Not me! I'll go with natural gas as I know this can be done here today without that much difficulty. We have natural gas pipelines all over this country and they are easily accessible. This is the one great advantage we have over those countries with less developed pipeline infrastructure.

    We can argue about how best to implement a transition from gasoline to natural gas in part or whole; but we need to get started now while energy prices are low as these days won't last forever.

    For the life of me, I can't undertand why our politicians and the American people would continue to support an oil energy policy that depends on 60% foreign imports from many countires who hate our guts and would like to see our demise. Also, the tremendous trade imbalance of $1 Billion/day that is essentially transferring the wealth and assets to those same countries is not sustainable. Also, why would we depend on these same oil imports when much of the remaining oil reserves lie within a few super giant fields located in Saudi Arabia. All it would take is one major terriost act(I.e. dirty bomb) strategically placed and the production from these fields would be shutdown. That's the reason we are in Iraq and will continue to be there. The world can't afford for this to happen.

    This depenecy on foreign oil is pure lunancy when we have the opportunity to change it.

    I can't believe our founding fathers would have supported policies that make us dependent on foreign oil, incur massive trade imbalances transferring our wealth to other countries, incurring massive national debt and printing money that will devalue and eventually bust the U.S. dollar and bankrupt our country, and allow the transfer of all manufacturing capability to other countries. Our time is short and we need to get a handle on things real quick.

    By the way regarding all the bad mouthing of FDR from some people on the other article fourm. I guess all those Americans who voted him President 4 terms for leading this country through the Great Depression and WWII were wrong and you're right. I just wish you had been around and had to live through those times and walked a mile in those people shoes. Mabe then we would see if you would be spewing the B.S. you're spreading. I know the answer to this question. You are really full of it.
    Dec 3, 2010. 10:44 AM | 3 Likes Like |Link to Comment
  • Foreign Oil Dependency: The Root Cause of America's Economic Pain [View article]
    Fitz: I agree this guy doesn't have a clue. Anybody that's worked in the petroleum business all their lives knows better. This is why we can't get a comprensive energy policy because people like him keep spreading bad information for which they know not what they are talking about.
    Nov 30, 2010. 02:22 PM | 2 Likes Like |Link to Comment