Nat gas vehicles - The only thing available to the general public is the Nat Gas Honda Civic. Nice car, but, Honda is promoting a cost saving nat gas vehicle in a platform that already is super efficient running on gasoline. Nice try but it takes 60,000 - 80,000 miles just to break even.
Propane power - Give me a break, my 1978 Ford pickup runs on propane. Yes, it is clean, but at 7 mpg I'm not signing up for more pain. Particularly since propane at the retail level has not dropped in price to reflect the crash in NGL prices.
Electric - TSLA has the superior product. If you install your own solar panels, you are self sufficient for most of your transportation fuel. That's worth something. You sure can't get self-sufficiency in any other fuel. Screw the oil companies, let's go!
Still, I am haunted by all the Makita cordless drills that float around, most with failed batteries. The Tesla battery issue will be probably more significant than currently discussed.
HollyFrontier: Time To Increase Exposure To This Cheap Refiner Again [View article]
In addition to the WTI/Brent spread the WTI Cushing/WTI Midland spread compounded refiner profits. Both spreads have shrunk substantially in the last 60 days. Not sure if the stocks have declined enough to reflect the reduced forward profit margins.
Generally speaking, the the updip Eagle Ford is not that good. You can see that the proposed wells are crowding the SE part of the acreage. But, SLB has everybody's information. That plus perhaps the trade was good enough to bring them in.
Still, surprised to see a service company taking an equity position.
EIA Forecast: Texas Will Beat North Dakota In Crude Oil Production Growth [View article]
West Texas producers were getting killed from November through February with actual realized oil prices of $15-$20 less than WTI NYMEX not to mention the Brent/WTI spread. Surplus supply and refinery shutdowns were the major problem.
I was worried that drilling could slow down due to the somewhat marginal economics of $70/bbl crude.
Big improvement in March. The Brent/WTI spread has narrowed and the new pipeline capacity is starting to take effect. Realized prices are around $85 or only $7-$9 under NYMEX. Drillers can breathe again.
Permian production has a lot of room to grow. We just have to get it moved out of here. The pipeline companies and the railroads are getting it done.
Impressive Progress In The Federal Budget [View article]
The trends are interesting, but the facts are that the spread between the blue line (revenues) and the red line (govt spending) is still greater than any time since 1990.
If we could just keep the govt on a 1% escalator for 5 years running we would be in great shape.
Statoil: Jack Meets Julia In Deepwater Gulf Of Mexico [View article]
Now they want to take "just a taste" more of what they don't own.
Proposals like this make the Mafia look good.
Long STO but not too happy about it.
Tesla's Matrix Moment [View article]
Propane power - Give me a break, my 1978 Ford pickup runs on propane. Yes, it is clean, but at 7 mpg I'm not signing up for more pain. Particularly since propane at the retail level has not dropped in price to reflect the crash in NGL prices.
Electric - TSLA has the superior product. If you install your own solar panels, you are self sufficient for most of your transportation fuel. That's worth something. You sure can't get self-sufficiency in any other fuel. Screw the oil companies, let's go!
Still, I am haunted by all the Makita cordless drills that float around, most with failed batteries. The Tesla battery issue will be probably more significant than currently discussed.
Still long.
Tesla: The Good, The Realistic And The Ugly Outlook [View article]
All hydrogen must be derived from other compounds. At substantial expense.
Hydrogen has no future as a widely used fuel.
HollyFrontier: Time To Increase Exposure To This Cheap Refiner Again [View article]
Eagle Ford Shale: Schlumberger-Forest Oil Joint Venture - Quick Read [View article]
Still, surprised to see a service company taking an equity position.
EIA Forecast: Texas Will Beat North Dakota In Crude Oil Production Growth [View article]
I was worried that drilling could slow down due to the somewhat marginal economics of $70/bbl crude.
Big improvement in March. The Brent/WTI spread has narrowed and the new pipeline capacity is starting to take effect. Realized prices are around $85 or only $7-$9 under NYMEX. Drillers can breathe again.
Permian production has a lot of room to grow. We just have to get it moved out of here. The pipeline companies and the railroads are getting it done.
Impressive Progress In The Federal Budget [View article]
If we could just keep the govt on a 1% escalator for 5 years running we would be in great shape.
Shifting Away From Defense [View article]
They call this buying "advantaged crude".
Then they sell the refined product based on Brent price. Sooo, $3.75/gal gasoline.
In my book I call this theft without a gun.
Tomorrow we are changing purchasers. PSX can drop dead.
Petrobras And Total: Low Valuation Energy Stocks Deserving Upgrades [View article]
The free market will not be applicable.
Ride along at your own risk.
You Won't Lose Sleep Owning ConocoPhillips [View article]
You obviously will have some learning moments in your future.
But on COP you are probably right. Buy yourself 10 shares and add as you are able.
The fact that you are starting at your young age puts you ahead of almost all of your peers.
Best of luck and fortune!
Top 25 Global Banks Ranked By Losses In 2012 [View article]
Confidence: Half Full Or Half Empty? [View article]
ConocoPhillips Announces A Significant Gulf Of Mexico Discovery [View article]
But still no water leg?
Holy Mackerel!!! This could be the big one!l
What Alaska's Oil Tax Cut Means For ConocoPhillips [View article]
Alaskans also receive a check each year from the State paid for by oil production, roughly $1100 per person.
This was fine as long as oil production rates were substantial and prices were high.
But when taxes are relatively higher than other promising oil basins, capital will migrate, as it has.
So now, the production decline curve and price decline curve are combining to force a reality check on the politicians and ultimately the taxpayers.
Valero, The Agricultural Oil Play [View article]
Corn ethanol makes about 10 BE per year per acre or 6.7 bbl oil energy equivalent per acre.
So one Eagle Ford well equals 27,375 acres of corn ethanol production.
There are 240 rigs drilling in the Eagle Ford right now, perhaps 20 days per well.
All the corn in Illinois cannot touch this.