Jimbo

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  • 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
  • Energy Less Liked Than Financials
    Oil is getting evermore difficult to extract and evermore costly. Petroleum based transportation fuels do not seem to have any real substitute in the near to medium term. "alternative"... fuels of all kinds have technical and infrastructure problems that are severe. I am sitting on all my energy stocks. Investors and speculators remind me of a flock of chickens, running to and fro when they think they see a fox or possum.
    Sep 05 18:11 pm |Rating: 0 0 |Link to Comment |View article
  • Crude Sell-off: Solid Entry Point into U.S. Oil Majors
    I have been investing energy since 1980. Investors seem to be like a herd of Wildebeastes(spelling?... panicking at the first smell of a lion. The fundamental issues on energy are still in place and aren't going to change as long as the "Greenies" are able to control the Democrats and many Republicans. Bill Clinton vetoed a Republican resolution authorizing drilling in ANWAR in 1996, saying it would be ten years until any gas or oil was produced.Well, here we are 12 years later and the "DemoGreenies&quo... are still singing the same song.The Greenies want to bomb us back to the Stone Age, or at least the 17th. Century when all people and goods moved by wind, animal power or foot power. I have a solar water heater that has been saving me $50.00 a month in electricity since 2002. I am perfectly willing to embrace solar, wind, and all other alternatives. But we have to get from here to that great day with an intelligent energy policy. The Greenies don't want us to use "dirty oil" from the Canadian tar sands. They don't seem to understand if they get their way, we will be facing anarchy and revolution. When Green Peace first came out, I was an early contributor. Then I read their material and concluded they were NUTS!. We need more realists in Washington rather than utopians. I don't know how you accomplish that as long as politicians can use public money to buy votes. In the meantime, Those dirty,greedy oil companies ain't going away!!
    Aug 06 13:29 pm |Rating: 0 0 |Link to Comment |View article

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