Jimbo

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  • Gas Prices Will Go Up with a Fury
    I have been investing in energy for more than thirty years. I would welcome a viable set of alternatives to petroleum but it seems to me to be somewhere between 10 and 30 years away from happening. I am appalled at the head in the sand attitude in Congress regarding the securing of domestic sources of petroleum supplies.
    Jan 05 12:03 pm |Rating: +1 0 |Link to Comment |View article
  • What's Oil's Future?
    OBAMA! has publicly declared tar sands oil to be "dirty oil", to use his words. I predict if the extreme inviros, who hold many IOUs on the new administration, get their way, we may experience a severe disruption of the economy because of energy misallocation. Any thinking person knows we have to transition away from dependence on oil, but HOW we do this is critical. The Danes are ahead of everyone on using wind power to supplement their electrical grid, but they clearly state that a grid can only function with a MAXIMUM of 20% from wind. The rest of the grid must come from another source. The energy challenge is complex and I fear that the incoming administration has only simplistic solutions. Of course, the outgoing administration doesn't appear to have had any solutions.
    Nov 16 19:42 pm |Rating: 0 0 |Link to Comment |View article
  • Cheap Crude: A Flash in the (Oil) Pan
    I concur completely with Mr. Fitzsimmons. I don't know what they have been smoking at WSJ, but it must be really good stuff. George Bush might have been a hero if he had advocated an import tax on hydrocarbon imports from outside North America, but including Columbia( friendly nation that desperately needs our help). This tax should have been STRICTLY committed to developing alternative sources of energy and local sources of petroleum energy. I don't know how old Oster is, but he has a lot of rude learning ahead. A steep rise in oil prices is very much closer. Present prices jeopardize production in high cost, but nearby and dependable sources, in Canada. PGM group metals mines are closing down because they cannot afford to produce at present prices. "High prices cure high prices and low prices cures low prices". Any rational market has to balance cost and price.Any future supply of oil is going to be more costly, and difficult, to produce. We need to have a redundant energy system using wind, geothermal, nuclear, and biofuels. Hydrogen seems as far away as cold fusion. One final comment: George Soros scares the nitrogenous waste product out of me.
    Oct 27 10:39 am |Rating: 0 0 |Link to Comment |View article
  • Sarah Palin's Stock Portfolio
    The virulence of Palin detractors suggests they fear her greatly. No matter the outcome of the pending election, she may be a force to be reckoned with in the future. I suppose if she had five abortions instead of five live children, this would have made her more acceptable to the elite.
    Oct 01 11:49 am |Rating: 0 0 |Link to Comment |View article
  • Why "Drill, Baby, Drill!" Does Not Translate Into Effective National Energy Policy
    I have to second the ideas of Huangjin and HappyCajun. Nancy Pelosi, who recently was quoted as "saving the planet" has let the cat out of the bag. She voted against the ANWAR drilling resolution in 1996 and Bill Clinton vetoed it, saying it would be ten years before we got any oil. Well, it is now TWELVE years and and we are still degrading our currency by buying oil from countries who hate our guts. For the benefit of other posters and readers, I rode a bicycle to work, 3 to 6 days a week, for the last 19 years of my full time employment. We have composted our household garbage for at least 30 years. We have a very efficient solar water heater that is saving us at least 50 dollars a month. I was an early contributor to Green Peace until I began paying close attention to their material. The author may not be a member of what I call the "greenie conspiracy" but there is a significant element of the green movement that would drastically cut the world population and take us back to the 18th. century with sail, animal, and human power as the sole means of transportation. This group are really neo-fascists who seek to remove national sovereignty in favor of "world government". If you want to know how that will work, just look at the current U.N. Lest you think I am a nut case, log onto "the Green Agenda". I have fought urban sprawl all my life. In 1962-65 I taught at a college in upstate New York and road bus transportation almost every day. Yes, Europeans do have very good public transportation systems, but in my frequent trips to Europe in the past , I saw almost empty buses and rail cars, (except at rush hour), and the Euros do like their cars.I see natural gas as the logical fuel for heavy trucks, busses, and taxis. I would be delighted to have alternative fuels for vehicles but there has to be a transition for technical and infrastructure development. Lastly< I would place an import tax on all hydrocarbons for outside North America and Columbia. The tax should be rigidly tied to development of alternative energy.
    Sep 22 18:45 pm |Rating: +1 0 |Link to Comment |View article
  • Energy Firms Should Look to U.S. Shale - Barron's
    famos is soooo right. Maybe OBAMA! will make him Secretary of Energy. Too bad the enriros think coal is so dirty.
    Sep 01 14:50 pm |Rating: 0 0 |Link to Comment |View article
  • Houston to Obama: Smell the Oil
    I have read this extended exchange with fascination. Full disclosure: I will soon be 79 years old and have been a registered Republican since changing sides in 1954. Although I am clearly a beneficiary of the legislation which has favored the "old geezers". I am worried about the burden that will be placed on our 8 grand children, ranging in age from 25 years to 8 months. I see the government in Washington and in the state capitols as seriously corrupt. The legislature in my home state of Florida provides free healthcare for all members and their families. ( the president of the state senate allegedly has net worth of 6 million) But the Florida legislature has told everybody that budgets for mental health, education,etc. will have to be cut because of tax shortfalls. Funny thing, there are Democrats in that Legislature but I don't see them insisting the legislature give up free healthcare for the solons. Without term limits, a member of a legislature can return again and again and gain committee chairmanships and POWER. Then special interests colonize the legislator and that person no longer represents their supposed constituents, but the special interests. I have seen this happen again and again with both Republicans and Democrats. We desperately need a term limits amendment to the Constitution since the Supremes ruled state enacted limits "unconstitutional... far as OBAMA! is concerned,if you are not a subscriber to the WEEKLY STANDARD, got to the library and get the August 11 issue. Page 24 to 32 contains a very unemotional, factual article that covers Obama in his own words and actions in Chicago and the Illinois legislature. Obama comes across as the most radicl serious candidate for president in our history. Further he seems to speak with a forked tongue.Compare the quotations from his speech to the Democratic Convention in 2004 with what he said at various times and places in Illinois. He is truly flying under false colors( no pun intended). I will hold my nose and vote for McCain just like I voted for him in the primary. Sadly, our choices for president all my life have seemed to boil down to picking the "evil of the two lessers"
    Aug 08 17:13 pm |Rating: 0 0 |Link to Comment |View article
  • The Market Domino Effect: Staying Ahead of the Curve
    I hear what Texasgolfer is saying. However I think "W" must bear some responsibility for the fiscal mess of the Federal Government. I admit to voting for George W. Bush twice. We get the government we deserve. Most of the time, I find my self voting for the "evil of the two lessers".
    The SUPREME COURT, IN THEIR INFINITE WISDOM, KILLED THE IDEA OF TERM LIMITS. I do not believe we can straighten out the cesspool in Washington until we can stop the lifetime careerists in Congress and elsewhere in government.
    Apr 27 21:25 pm |Rating: 0 0 |Link to Comment |View article

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