The discovery of oil is like a handful of fertilizer thrown on a patch of grass. Grass doesn’t think. It doesn’t decide not to use the fertilizer. It doesn’t ration it or save it. It explodes into an overgrown mess and uses up the fertilizer as fast as it can. It grows as if the fertilizer will be there forever. And then, when it’s used up, the excess grass dies and chokes out whatever was there to begin with. You can sit here and come up with clever ideas all day long, but people are just like the grass. Always have been, always will be. Step back. Way back. Now look at the history of mankind since the commercialization of oil. A couple of million years of banging rocks together, a few thousand years of reason, and then BAM! Oil. I plan to use as much a I can while the getting is good.
…forgot this point,
the LNG gas plant would also be placed right in the
middle of the Gulf Stream/current,
just to mess up what’s left of creatures making their normal migration from warmer waters. 😉
“If normal economics were prevailing, and not “green politics”, there would be about zero hybrid vehicles on the raod right now.”
EXACTLY. Nor would there be any solar or wind. Not saying we shouldn’t explore these technologies and work to improve them but, right now, thay are totally uneconomical on their own.
The solar thing just got terrible more uneconomical to it’s largest market, Europe, with the fall in the EUR. All the companents are made in Asia and priced in USD.
benson, you may be interested to know that last week Barron’s picked Siemens as one of the ten best European companies to buy, trades on the NYSE as SI. I’ve owned some for a while, seems a nice industrial play like GE without all the distractions of GE’s media and finance.
There are a coupla ETFs (actually many)that are good alternative energy plays. I own a couple, neither of which has done particularly well but these are long term…
TAN, invests in solar power companies
GRID, invests in companies that will benefit from grid upgrades.
allow me to bring up the topic of a little known sell out of our future by companies like Exxon Mobil, as we speak.
how many of you here have heard of the LNG project being proposed for New York Harbor?
Basically some global energy concerns want to build a small island off the coast of NY/NJ to deliver liquified natural gas.
problem is,
-the LNG tankers carry enough explosive energy for two nuclear bombs.
-the LNG tankers would be manned by foreign crews not particularly loving America.
-the local airports have to be shut down just to dock these tankers safely.
oh,
and one other thing,
Natural Gas is one resource we seem to have more than enough of for generations to come!!!
yet the only politician coming out strongly against this is Gov. Christie in NJ.
I think the only economic alternative to heating your home with oil or gas is geothermal, with oil/gas backup.
“how many of you here have heard of the LNG project being proposed for New York Harbor?”
Legion, now you’re being just another one of those nimbys 🙂
The discovery of oil is like a handful of fertilizer thrown on a patch of grass. Grass doesn’t think. It doesn’t decide not to use the fertilizer. It doesn’t ration it or save it. It explodes into an overgrown mess and uses up the fertilizer as fast as it can. It grows as if the fertilizer will be there forever. And then, when it’s used up, the excess grass dies and chokes out whatever was there to begin with. You can sit here and come up with clever ideas all day long, but people are just like the grass. Always have been, always will be. Step back. Way back. Now look at the history of mankind since the commercialization of oil. A couple of million years of banging rocks together, a few thousand years of reason, and then BAM! Oil. I plan to use as much a I can while the getting is good.
Cobble, slow down and stop stuttering. It wasn’t meant in my usual obnoxious way.
*rob-for-a-day*
…forgot this point,
the LNG gas plant would also be placed right in the
middle of the Gulf Stream/current,
just to mess up what’s left of creatures making their normal migration from warmer waters. 😉
“If normal economics were prevailing, and not “green politics”, there would be about zero hybrid vehicles on the raod right now.”
EXACTLY. Nor would there be any solar or wind. Not saying we shouldn’t explore these technologies and work to improve them but, right now, thay are totally uneconomical on their own.
The solar thing just got terrible more uneconomical to it’s largest market, Europe, with the fall in the EUR. All the companents are made in Asia and priced in USD.
Vestas is the other one, benson.
benson, you may be interested to know that last week Barron’s picked Siemens as one of the ten best European companies to buy, trades on the NYSE as SI. I’ve owned some for a while, seems a nice industrial play like GE without all the distractions of GE’s media and finance.
There are a coupla ETFs (actually many)that are good alternative energy plays. I own a couple, neither of which has done particularly well but these are long term…
TAN, invests in solar power companies
GRID, invests in companies that will benefit from grid upgrades.
BP earns $30-45B in FREE cash flow per year between now and 2013. Capex and dividends are running $30B a year.
Also, remember, this is a UK registered company, not a US one. I’m not trying to defend them just presenting the facts.
The estimates out there for the cleanup are already at $16 B or so, not the $1B you are hearing in the media…so the market has discounted a lot.
speaking of energy policy,
allow me to bring up the topic of a little known sell out of our future by companies like Exxon Mobil, as we speak.
how many of you here have heard of the LNG project being proposed for New York Harbor?
Basically some global energy concerns want to build a small island off the coast of NY/NJ to deliver liquified natural gas.
problem is,
-the LNG tankers carry enough explosive energy for two nuclear bombs.
-the LNG tankers would be manned by foreign crews not particularly loving America.
-the local airports have to be shut down just to dock these tankers safely.
oh,
and one other thing,
Natural Gas is one resource we seem to have more than enough of for generations to come!!!
yet the only politician coming out strongly against this is Gov. Christie in NJ.