Political & Elections

catahoula · Guru

RE: development

longprime · Guru

Here is the "final report"; http://www.wtrg.com/EnergyReport/National-Energy-Policy.pdf

Probably not much different than from Pres Nixon's, Ford's, Carter's, Reagan's, Bush I's, Clinton's, Obama's.

The similarities and outcomes are probably more significant-Conservation is important, development, and national interests. BUT, I think that the legislation for achieving these goals are significant and insignificant. Significant, in that what ever the legislation and regulation that we have or not have -We still have an energy problem. Insignificant, in that we now have other problems greater than just energy.

catahoula · Guru

Would the two of you mind clueling me in on the specific goals of Cheney's task force? I only recall the usual complaints about secret meetings with porcine oil execs.

Nothing new at all, in other words.

BigG · Guru

I am not a fan of former VP Dick Cheney (for awhile I thought he might be the anti-Christ).

But none of his energy task force plans ever had a chance to come to fruition because of 911 and the shift of the country to a defense only administrative mode.

That is what killed Enron. Ken Lay was on Cheney's committees and positioned Enron to take advantage of legislation that never passed.

longprime · Guru

If it comes to record prices,

USA taxpayer will make money on Chevy Volt and have those drillers make even more money on our subsidy and production incentives.

Its been 10 years since Cheney's secret meetings and USA still has problems in energy.

Wind energy producers in Oregon are complaining that BPA is cutting off wind generated electricity-NW and Canada has so much snowpack and spring rains that its cheaper to produce electricity from hydro sources than from anything else. So cheap, that BPA is giving California's electric retailers nearly free electricity and that they could reduce electric production at their base plants.

-- Edited by longprime on Monday 30th of May 2011 08:58:32 PM

BigG · Guru

Morgan Stanley forecast record high oil prices.

I wonder if they have, internally, taken short positions to fleece the plungers when the price tanks?

Wouldn't be the first time Wall Street mislead and then fleeced their clients...

catahoula · Guru

I think you could make some money of natural gas, namely by shorting anybody who got into the shale gas plays late.

Skip those who bought into the Eagleford, though.

longprime · Guru

[quote=catahoula]Not to mention the regulatory goat-roping that's resulted in better than a quarter-million barrels/day of off-shore oil production being unrealized.

Make something scare, then we can make some money.

Best thing that every happened is the runnup of fossil fuels in 2008 and NG gas squeeze of 2000. Where we once had a shortage of energy., we are now have a surplus of NG, where there is no money to be made. Oil however is now profitable in the midterm but unprofitable in the shortterm.