Government should stay out of it. Wasting taxpayer dollars screws everyone. Also those "innocent bystanders" signed leases and got paid large bonuses plus royalties for these wells. Not sure how innocent they are if they give permission for a drilling company to drill on their land. States regulate fracking laws and they are not going to let anyone pollute their water. Find a RECENT case of contaminating water. Not some well that is 20 plus years old drilled using conventional methods without fracking, that does not make sense. Also, extraction to date is usually 30% of the oil, further along with advanced technology we will get more out of each well. Owners of resources do not need to get paid more, they get paid handsomely on good wells and they take the bonus checks. If you don't agree with drilling and don't want drilling then don't sign a lease. Pretty simple. Besides you don't understand the difference between a surface owner and mineral owners, not all surface owners own minerals...
Fair enough but these were shallow natural gas wells drilled close to formations that hold water. Wells drilled these days and fracked are thousands of feet deeper. Although, would not be the first time EPA has overstepped their boundaries. USA can't afford to put a moratorium on fracking though, literally would send the country into a depression and the loss of jobs would make the Gulf of Mexico moratorium seem small in comparison. Political suicide.
"Looks to me that $5B government money for $6.55B worth of free gift from mother nature, is a pretty good deal for Uncle Sam. And it keeps returning $6.55B year after year, minus the wear and tear of the wind turbines."
-Please clarify. $6.55B a year to US taxpayers for their investment of $5B? Is there any facts you have to back up that statement? Oh and wind is not free, you need to look further into those costs beyond wear and tear...your BS response indicates that money goes to the federal government. This money is spent and taxpayers are footed with the bill, don't try to spin it.
"Looks to me that $5B government money for $6.55B worth of free gift from mother nature, is a pretty good deal for Uncle Sam. And it keeps returning $6.55B year after year, minus the wear and tear of the wind turbines."
-Please clarify. $6.55B a year to US taxpayers for their investment of $5B? Is there any facts you have to back up that statement? Oh and wind is not free, you need to look further into those costs beyond wear and tear...
Also as far as bailing out the banks I understand why they must do it but I suggest to everyone to read The Creature from Jekyll Island. It might change your outlook on the federal reserve and how these banks do it. It is an incredible book.
In 2010, the wind power industry in the US received 42% ($4.986 billion) of all federal subsidies for electricity generation.
For the 12 months from August 2011 to July 2012, the electricity produced from wind power in the United States amounted to 131 terawatt-hours, or 3.23% of all generated electrical energy.
3.23% for $5 billion in federal subsidies. Wind power barely makes a dent. So your 30 years of wasting tax payer dollars culminates in 3.23%?
Coal is getting no breaks and does 42% of the electrical energy in 2011. So you might as well shut up about wind farms and how far they have come.
Why Natural Gas Has Not Lifted Coal Stocks [View article]
The other thing about this is that coal will rise as the price of natural gas rises for thermal coal, however, the price of that switch is at or about $2.75 to-$3. The reason you have not seen signficant rise in price is because that is the ceiling that natural gas seems to not be able to climb over and stay over. If natural gas can remain about $3 (would be more comfortable with $3.50) then you will see a significant rally in coal stocks with big thermal exposure. Anybody who believed below those prices coal would rally needs to make sure they understand the concept of dispatch switching and the price at which that occurs. It will happen given a normal winter. Just have to wait it out. Most companies are increasing their exports while they can due to the govt war on coal but your kidding yourself if you think coal can be eliminated. Very cyclical so not for the faint of hear. Best to establish a position and continue to build on it at the dips. Long ACI.
Can be yes, but right now it is not. Wind power accounted for just 2.9 percent of total electricity generation in the United States in 2011. They will rely on the cheapest source so that people's electricity bills stay low.
Very short sighted. With your experience you should know better. Above $3 it is cheaper to burn coal, solar and wind do not produce a fraction of the power needed for the massive US demand. Global warming....I can tell which way you lean. Don't forget, increasing overseas demand will continue, they could care less about the made up farce of Global warming.
Are you guys getting into coal investments yet or is it still a wait and see approach? Although results will be weak next quarter the winter is coming and I would see that helping coal companies with thermal exposure (rising natural gas prices due to normal winter). Your thoughts? Long ACI.
What If They Come After Fracking? [View article]
Government should stay out of it. Wasting taxpayer dollars screws everyone. Also those "innocent bystanders" signed leases and got paid large bonuses plus royalties for these wells. Not sure how innocent they are if they give permission for a drilling company to drill on their land. States regulate fracking laws and they are not going to let anyone pollute their water. Find a RECENT case of contaminating water. Not some well that is 20 plus years old drilled using conventional methods without fracking, that does not make sense. Also, extraction to date is usually 30% of the oil, further along with advanced technology we will get more out of each well. Owners of resources do not need to get paid more, they get paid handsomely on good wells and they take the bonus checks. If you don't agree with drilling and don't want drilling then don't sign a lease. Pretty simple. Besides you don't understand the difference between a surface owner and mineral owners, not all surface owners own minerals...
What If They Come After Fracking? [View article]
What If They Come After Fracking? [View article]
What If They Come After Fracking? [View article]
Coal Stocks Could Explode Higher [View article]
"Looks to me that $5B government money for $6.55B worth of free gift from mother nature, is a pretty good deal for Uncle Sam. And it keeps returning $6.55B year after year, minus the wear and tear of the wind turbines."
-Please clarify. $6.55B a year to US taxpayers for their investment of $5B? Is there any facts you have to back up that statement? Oh and wind is not free, you need to look further into those costs beyond wear and tear...your BS response indicates that money goes to the federal government. This money is spent and taxpayers are footed with the bill, don't try to spin it.
Coal Stocks Could Explode Higher [View article]
-Please clarify. $6.55B a year to US taxpayers for their investment of $5B? Is there any facts you have to back up that statement? Oh and wind is not free, you need to look further into those costs beyond wear and tear...
Also as far as bailing out the banks I understand why they must do it but I suggest to everyone to read The Creature from Jekyll Island. It might change your outlook on the federal reserve and how these banks do it. It is an incredible book.
Coal Stocks Could Explode Higher [View article]
For the 12 months from August 2011 to July 2012, the electricity produced from wind power in the United States amounted to 131 terawatt-hours, or 3.23% of all generated electrical energy.
3.23% for $5 billion in federal subsidies. Wind power barely makes a dent. So your 30 years of wasting tax payer dollars culminates in 3.23%?
Coal is getting no breaks and does 42% of the electrical energy in 2011. So you might as well shut up about wind farms and how far they have come.
Coal Stocks Could Explode Higher [View article]
Why Natural Gas Has Not Lifted Coal Stocks [View article]
Natural Gas Is Between Two Walls [View article]
Moody's is wrong. If prices of natural gas rise to certain levels converts will switch back.
Natural Gas Is Between Two Walls [View article]
Natural Gas Is Between Two Walls [View article]
Natural Gas Is Between Two Walls [View article]
Time To Buy DARA Bio [View article]
5 Commodity Stocks Moving On News [View article]
Are you guys getting into coal investments yet or is it still a wait and see approach? Although results will be weak next quarter the winter is coming and I would see that helping coal companies with thermal exposure (rising natural gas prices due to normal winter). Your thoughts? Long ACI.