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    • Mon Nov 17th 12:16 PM
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      Rating: 0 0
      Commented on:
      The Pickens Plan Changes Its Strategy
      Jeff:

      The issue of natural gas as a feedstock for replacement of liquid fuels takes me to the direct use of methanol ( partially oxidized methane).

      The DISC engine championed by Texaco and UPS in the last energy crunch can handle nearly pure methanol as can the idiotically small gas turbines such as the Capystone model with very high efficiency.

      M-85 is my preferred fuel. Bank of America ran it's currier fleet on it for years with huge cuts in maintenance and emissions.

      For non weight sensitive power ( rail roads and tow boats ) methanol run through a fuel cell makes sense. We are not out of options and a barrier against OPEC meddling is simple from a legislative viewpoint.


      On Nov 17 10:22 AM Brahm wrote:

      > The cylinder or space issues for CNG is not a significant issue in
      > the case of CNG fired trucks.. The author's suggestions on liquid
      > fuels, also advocated by many others and Mr. Pickens himself, is
      > in my view a foolish intellectual contribution to the whole idea
      > of global warming or energy independence due to the following reasons
      > and others.
      >
      > Synthesis of liquid fuels (diesel) involves a thermal efficiency
      > of about 50%. That means it takes about 2 MM BTU of CNG to produce
      > one MM BTU of diesel! This chips off significantly the advasntage
      > for a tacit objective of putting out less carbon to contain global
      > warming. The author should not forget that rather than the volume
      > of the tank it is the weight of the fuel and its BTU density which
      > determines the overall performance (mpg) of the engine, if other
      > issues such as engine burn characteristics, etc remain equivalent
      > for the two fuels. BTU to BTU diesel is much more weighty than
      > CNG!
      >
      > There is an economic dimension to the issues I have raised. The
      > fuel material input costs, i.e. the cost of natural gas input for
      > diesel, is double that of CNG as a direct firing fuel (low synthesis
      > efficiency!). In other words, the present $6 per MM BTU CNG becomes
      > a $12 per MMBTU input cost for diesel. Add to this plant capital,
      > depreciation, interest on capital borrowed, ROR, etc, you have $16
      > per MM BTU cost. Quite a lot more than $6 CNG!!! A massive shift
      > to the use of this kind of diesel will roil gas markets, bring gas
      > supply concerns, etc, etc and etc. MY guess is there would be no
      > advantage vis-a-vis oil, especially if OPEC or other oil intersts
      > turn themselves as upsetters of the apple-cart. Competition!!!

      >
      >
      > There are other profound issues which I will leave you, MR. Pickens
      > and others to think and browse about. But there are there. Without
      > good thinking we may go down a sticky wcket again. Please! Us,
      > little people, and OBAMA does not need another mess on our hands
      > through shoddy thinking and slickness. Please continue the good
      > work with my blessings! And, if you have the energy to do it check
      > it out with me. I am "retired", though, but would not mind giving
      > my inputs
      View article »
    • Wed Oct 1st 13:16 PM
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      Rating: 0 0
      Commented on:
      This Mess Is Turning Us All into Accountants
      This entire crisis has been recognized for well over a year but the Administration has tried to keep it secret until after the election. Barney Frank was briefed last Aug. by Paulson on the seriousness of the issue but convinced to keep quiet for fear of panic. In short he was bought out or trapped into complicity in his silence.

      As one once said "there comes a time when silence is betrayal". In a public servant this "silence" is unforgivable.

      Now that the preverbal has started to hit the fan there is a rush to save Wall Street. Paulson is either taking care of his buddies or myopic to the point of public blindness. He knows and likely cares, squat about the suffering of the general public. All he knows is his friends in the financial markets and thinks their continued prosperity is critical to the nation's survival.

      This fabric of lies and deferrals must come apart with some major dose of truth. What is the Senate voting on. Can you find a "slip bill" to study it. No, the truth has been aborted again. Secrecy reigns accountability is forgotten and a risk/ reward formula for the public put aside.

      Arrogant and stupid. We must let the disease run it's course.
      View article »
    • Fri Sep 12th 11:59 AM
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      Rating: 0 0
      Commented on:
      Can Gold Be Suppressed Indefinitely?
      Driving Oil Down

      I suspect the Plunge Protection Team ( Tres, Fed Res, SEC and Com Ex ) are selling futures against our Strategic Petroleum Reserve to push oil down. Paulson supposedly said in July he wanted oila at $100 before the election.

      This risk/expenditure of public assets ( the SPR) is criminal when used for political purposes
      View article »
    • Tue Sep 9th 17:28 PM
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      Rating: 0 0
      Commented on:
      Exxon's Hoard
      This is bit of "happy talk" trying to revert the opinion that oil is really getting scarce. When did the good king Abdullah say " leave it in the ground? When did he tell G Bush we can not produce more because we don't have it ? The later statement was not a matter of a lack of production ability but the reserves are minimal.

      As to Exxon itself it seems they are slowly shifting towards natural gas as a focal product and going to use LNG as a item to establish a high marginal price. The growing domestic NG industry such as CHK may not go along with this once they start to produce some of the " deep gas " aka geopressured.

      But then all life is uncertian and subject to external forces.
      View article »
    • Fri Aug 22nd 12:49 PM
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      Rating: 0 0
      Commented on:
      Ride the Canada Rails,Don't Short the Stocks - UBS
      Guess I have enough of this RR to endorse it and point out what a great route structure it has along with cargo(s) and seaports along with high efficiency.

      Just wish they would run some pipelines in parallel. It may come with Kittemat and the oil port.
      View article »
    • Sun Aug 17th 15:24 PM
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      Rating: 0 0
      Commented on:
      Exxon Mobil: Bull or Bear?
      There are problems with Exxon's reserves in that they are shifting towards natural gas which may well go into a " glut" mode with weak prices. The LNG business is good for setting a marginal price as long as there is a shortage but this may not persist.

      Now Exxon used to hold a bunch of patents on the geopressured production but they will not outlast the shale gas production cycle.

      Note how Exxon is moving out of the oil business such as refiery sales and gas station dumping.

      I own some Exxon but I got it long ago and really cheap. Capital gains and age keep me from selling out.
      View article »
    • Mon Aug 11th 12:45 PM
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      Rating: 0 0
      Commented on:
      Energy Stocks Are Too Cheap to Ignore - Barron's
      If Reserves are the name of the game there are a bunch of Tar Sands operations that are about to come on line. Take a look at ECA, PCZ and CNQ and for technical investments PBT.to and NXY are interesting plays.

      As a diversified resource play there is TCK if you like Canadian dollars.
      View article »
    • Fri Aug 8th 11:43 AM
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      Rating: 0 0
      Commented on:
      Northern Oil May Be Headed South - Barron's
      Remember the President's Plunge Protection Team can intervene secretly in supposed " free markets" and they may well be doing so in the NYMEX on oil futures as a $1 change in oil has an amplified impact on the Stock Market.

      Thus, to boost equity prices it is cheaper to sell futures in oil and they can be backed up with our Strategic Petroleum Reserve. Much as they have done by indemnifying those they directed to buy equities or future index contracts.

      Just cooking the books in a new receipt, as they have been doing with our federal reserve assets. Push the problem off until the election seems to be their mantra.
      View article »
    • Tue Jul 22nd 15:33 PM
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      Rating: 0 0
      Commented on:
      Loss of Clarity on Chesapeake's Peak
      Cooking the Books?

      I wonder if the Presidents Group on Markets - the so called Plunge Protection Team is again interfering in open markets like the NYMEX relative to the future price of oil and thus forcing oil or natural gas contracts down. No reason why they wouldn't as a dollar spent here will amplify in it's impact on the equities markets.

      I short cheaper than manipulating the equities markets as they have in the past. Furhter they could use SPR as a back up for sales.

      It seems all they want to do is get out of town on an up tick.

      Be well
      View article »
    • Wed Jul 16th 16:17 PM
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      Rating: 0 0
      Commented on:
      What We Can Do To Reverse the Oil Crisis
      As to conservation by zone heating with electric. A good idea but the New England electric grid couldn't handle it this winter. It will be down more than once if this tactic is followed by any substantial amount of households. Go chop wood. Be prepared with a small stove or move to Florida.

      Sorry Charlie
      View article »
    • Wed Jul 16th 16:04 PM
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      Rating: 0 0
      Commented on:
      Lehman: The End Game
      Good analysis the direction is real and finality likely. I sure would do business with them other than buy their light fixtures - if unencumbered.
      View article »
    • Wed Jul 16th 15:37 PM
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      Rating: 0 0
      Commented on:
      No Foole Like a Dubious Causality Foole II: Oil and the Market
      There is the chance that the Plunge Protection Team is now pushing down the oil market for the leverage it has on the Equities. Selling futures, backed by the SPRO to indemnify, would/could have a big influence of the DOW. Is this group now putting the SPRO, a public asset at risk to save Wall Street?

      Sure would not be a surprise to me. All public assets are up for grabs with this mob.

      Just a suspicion.
      View article »
    • Wed Jul 16th 15:31 PM
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      Rating: 0 0
      Commented on:
      Think the Unthinkable About the Markets?
      If there was the same basic fiduciary integrity in the Wall Street Mob that there was in the late 20's it would not be safe to walk the streets in lower Manhattan.

      Defenestration is over.

      And remember there are some trains you can not catch after they have left the station.

      Now who are the " Spanish Banks"?
      View article »
    • Tue Jul 15th 13:50 PM
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      Rating: 0 0
      Commented on:
      General Discussion on HTE
      I wonder how Shell's abandonment of their Newfi refinery will impact HTE.

      Can't be bad.
      View forum topic »
    • Mon Jul 14th 11:40 AM
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      Rating: 0 0
      Commented on:
      Oil Price Impact in Perspective
      In 1980 the issue of high cost oil was being addressed and " peak oil" was well understood by the policy makers. After Reagan who said no more on this issue "we want to be good trading partners" and killed all efforts to improve efficiency for short term gain, we lost all momentum for corrective action.

      Now we are in high organic and our nation has increased vulnerability to a full scale, and perhaps uncorrectable, depression. Hyper inflation and a further destruction of a middle class may well be in the cards.

      This is important if one has children or any sense of future welfare. We were given adequate warning but the "me now" world view of the Republicans have led us far into a dark tunnel.


      View article »