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Latest Comments91 Comments
$634B Spending Bill Now In Congress Provides Loans for Automakers
The unions and stupid management destroyed the US steel industry too!
Is Someone Playing With Oil?
Procter & Gamble Plans to Sell Folgers to Smuckers: Win-Win?
KISS!
Ike vs. Refining Capacity and Oil Price
For all of you "Big Oil" haters. How come the price of oil has declined over 30% if they have control over the oil prices? The top ten private enterprise oil producing companies only control less that ten percent of the world's oil producing reserves. If they have the ability to still control oil prices with that little leverage, I would like to know their secret.
T. Boone Pickens' Stocks Struggle
I am sure he is a "good old boy" (especially if you are and Okla. State University supporter). However, the bottom line is that he can, and does, make mistakes just like the rest of us. Where he is different is, he just likes to take bigger risks.
I also recall feeling sorry for some people who lost their jobs due to his corporate raiding ventures in the 70's.
Current Market Turmoil: You Can’t Explain 'Stupid'
The environmentalists have taken over the "Dim-wit-o-crat&q... party. This has led to reduced oil supply and refining capacity. New refineries built in our heart land would help eliminate shut downs caused by hurricanes. More drilling would result in more oil being produced and lower prices.
Our government encouraged lending institutions to wave sensible credit qualifications so as to promote home "ownership" for minorities and low wage earners. Greedy lenders, and uninformed (nice term for stupid) borrowers were the catalyst for disaster. Now, responsible people are getting stuck for bailing out the people that caused the mess.
So much for socialism and social programs!
Pseudo-science and Al Gore's false information are promoting the hoax of man made global warming. Consequently, the stupid notion of carbon caps will cause the Western industrialized nations to regress back to the dark ages if this is not nipped in the bud.
Geology teaches us that there have been numerous periods of warming and cooling going on long before man inhabited our planet. British scientists have provided convincing evidence that the sun's solar flares (sun spots) cause global warming when they are more active, and cooling when they are less active. Carbon dioxide is released from the ocean as it gets warmer, as a result of the sun's activity, and is not responsible for for the warming. Instead, it is the result of higher temperatures.
In addition, water vapor is the main "green house" gas. How would we eliminate it and who would want to? Living matter needs water to grow and survive.
I, for one, and one of many, do not want to revert to a life style that cave men were accustom to living, because a bunch of wild eyed liberal idiots are screaming nonsense about man made global warming!
It is past time for the voters to wake up and utilize some common sense!
OPEC: The Saudis Have Left the Building
Petrobras: Brazilian Oil Takes One Step Closer to Nationalization
Socialism and nationalization does not work in the long run. Too bad liberals can't seem to recognize this!
Are you listening, Obama?
Obama, McCain and Offshore Drilling
Tim Miles should move to Russia or China since he seems to be enamored with communism a.k.a. socialism. I feel sure he is a Dim-wit-O-crat!
If half of you guys had a clue as to what it takes to explore, lease, drill, and pipeline or transprot crude and gas to a refinery or gas processing plant, process it, and then bring it to the end consumer, you might be qualified to expound your positions. Instead, you sound like a bunch of inmates in an asylum!
If big oil is such a rip off, why don't you make yourselves rich by buying oil company stock. Better yet, just come up with several million dollars to risk drilling a hole in the ground and hope you hit oil or gas. Of course if you don't, you will be out the expense of plugging the well. And then, the worst case scenario is getting a good enough show of oil or gas to entice you to spend money trying to stimulate the well (fracturing can run into hundreds of thousands of dollars), and then having to realize it is not a commercial well.
It is not cheap to complete an oil or gas well either. Well head equipment, water and gas separators, heater treaters, tank batteries, and treating chemicals do not come cheap.
There are more broke oil men than there are millionaires!
The oil traders or speculators are the ones who cause oil prices to go higher. However, for every one that makes money, another one is on the losing end.
Corn was exempted from speculators by law (Gerald Ford was duped into introducing this legislation). Corn prices have fluctuated wildly every since. Even the corn growers who wanted the bill passed now admit it was a bad mistake, and would like the law repealed.
A free market system benefits us all. Idiots in government screw up every thing they touch!
Why the Panic over Fannie and Freddie?
Chesapeake Energy Called the Market's Bluff
Oil, Stock, and Housing Declines
Obama's Windfall Profits Proposal Is Dangerous
The liberals are just plain stupid!!!
Will Drilling Offshore Affect World Oil Prices?
Saudi prison?
Affect, effect, who gives a crap!
adamnb. Every oil company I know of, and I've only been in the oil business 47 years, strives to produce every drop of oil it can.
Computers do not find oil or make accruate reserve estimates any more than they can foretell about so called global warming. Only the driller's bit finds oil. If drilling won't increase our oil supply, just how in the hell did we get our current oil supply?
All of you so called experts who are not in the oil business don't know any more than Nancy Pelosi, which is absolutely nothing. Why don't you do something constructive, like operate on Ted Kennedy's brain tumor!
Forget $100 a Barrel - Oil Will Plummet to $30
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.