mixter

Forget $100 a Barrel - Oil Will Plummet to $30

I concur with many of the negative comments about Jason's ill advised article.

He has convinced me that I want nothing to so with Lone Peak Acceptance Management.

I am surprised that no one has questioned why he is "pimping" Freedom Oil and Gas? Could it be that he, and/or, LPAM has a position in this stock?

I see nothing in his background that would indicate he knows anything consequential about energy, especially oil and gas.

Years ago, Boone Pickens was touting natural gas. He acquired a lot of gas properties via Messa LP, which offered a fairly new concept for investors avoiding taxes at the time. I bought some shares at $15 per share on the advise of a gentleman who was privy to Rice University's endowment fund activities. Anyway, he was way ahead of his time, and the stock went through a reverse stock split (one share for every original eight shares), and I ended up getting $34 for each 100 shares I purchased. All the while, Boone was drawing a large salary and receiving a big bonus every year, while enjoying all of the perks CEO's often have. I've been tempted to call him T. Boone "Pickpocket" every since.

One aspect of electrical generation, you can not effectively store excess electrical generation via nuclear plants or wind turbines. It has been suggested that excess electrical generation be utilized to generate hydrogen. (School science classes had classic experiments where by hydrogen and oxygen were generated at the negative and positive poles of electrodes submersed in the water when electrical voltage was passed through water in a beaker). Hydrogen is hard to contain, so means to store it and/or transport it need to be improved. In addition, it is a very hazardous substance. Just ask those who remember the Hindenburg. Perhaps it could be stored on site, and used to generate additional electricity during peak demand hours.

An engineering friend of mine has also pointed out that the lighter the fuel, the lower the BTU output generally is. Therefore, hydrogen will not provide as much energy as natural gas at a given volume.