Posted on 02/27/2013 5:35:31 AM PST by thackney
Isn’t Fracking doing this on its own?
‘eff Pickens. He’d support Hitler if it made him a few more bucks.
Pickens is also a windmills guy, or at least was.
I have no respect for him.
Why do billionaires like T. Bone-head always insist on lobby the government to take more money out of my pocket to give to themselves? If they like the idea so much, they should pour their own capital into it and see if others agree by voting with their own capital voluntarily.
No, that's putting OUR money where his mouth is.
The US gets 40% of its oil from the US. 20% from Venezuela. 15% from Canada. 13% from the Persian Gulf. 10% from Nigeria. As of 2012. However, crude oil is fungible, which means we buy it from the oil market, *not* directly from its producers. And the market buys oil from whoever sells the highest quality oil (light, lots of volatile molecules; and sweet, low sulfur) at the cheapest price.
However, this is strongly changing, due to fracking.
But, ironically enough, even if the US produces a lot more oil, it will do so cheaply enough that the oil will be *exported* into the oil market, as it will command better prices there than domestically.
All this means is that we will run a lower trade deficit, or even a surplus. Surplus. Gee, when was the last time you heard that word about the US economy?
BTTT
Pickens is an intelligent man. But when he starts talking, I always feel a need to grip tightly to my wallet.
I don't understand why people how understand the concept of a fungible commodity think we will eventually be paying less than market price while taking into account transportation costs.
It's surprising that this forum, which promotes free enterprise, has so many Pickens haters on it. If there ever was a man who "put his money where his mouth is", it's T. Boone Pickens.
Pickens has repeatedly called for government intervention into the market. He has promoted mandates and subsidies. He does this AFTER positioning himself to benefit from those mandates and subsidies. While much of what he promotes would benefit some Americans, it benefits T. Boone first.
The problem right now with NG fueling transportation is access to fueling stations. Even here in Texas there are very few NG fueling stations. If and when NG fuel stations become more abundant, I will switch over ASAP.
Even Pickens does not have enough money to build very many NG fuel stations, that is why he is lobbying the gubmit for tax breaks or whatever.
Moving from oil based to NG based transportation fuel is most definitely in USA’s best interest, no different that Brazil promoting sugarcane ethanol to get them away from OPEC.
The fact of the matter is companies, including Picken's Clean Energy Fuels, are already going forward under the current taxing rules.
http://www.fortmilltimes.com/2013/02/25/2516958/clean-energy-releases-third-edition.html
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There are also consumers of the fuel investing in their infrastructure already as well.
http://www.wm.com/about/press-room/2012/20120801_CNG.jsp
http://www.greenprogress.com/transportation_article.php?id=1764
http://about.van.fedex.com/article/cleaner-vehicles
To say they won't go forward with this technology without additional tax payer funds is not correct. Many already have and the list continues to grow.
Wouldn't you do the same thing if you were in Boone's boots? By the way, he's not asking for mandates, he wants subsidies to move fueling of 18 wheelers along faster.
Without a doubt, the Natural Gas vehicle fueling is a good thing. There are also companies investing in using methane for Ships, Trains and the like.
But I strongly believe, having the government select technologies, use tax payer funds to benefit some companies while excluding others, is a terrible idea.
Tell me why we should give CNG tax incentives that would not apply to a technology like Shell is using doing to turn Natural Gas into a liquid fuel like diesel?
http://www.shell.com/global/future-energy/meeting-demand/natural-gas/gtl.html
This technology is already proven and working. It requires no additional investment by a consumer.
The best thing government can do to encourage new development of technology that helps our economy and energy independence is to limit their involvement in the process.
No. I have never found government involvement in my business to be in my best interest in the long run. T. Boone is more of a political and public personality than I ever want to be. I don't mind wealth. But government derived wealth comes with too many strings and can change to quickly with public opinion and a vote.
Why would the regime support a plan that undercuts Barry’s allies and their control of oil prices?
If you have a link, to what is actual request is, I would appreciate the information. I have searched: http://www.pickensplan.com/ It is long on description of why we need the plan and very short on description of what that plan actually is. In the past, Pickens has included mandates such as new governmental vehicles be Natural Gas fueled. His wind program included mandates as well for percentage of supplied power, assigning right-of-ways for new transmission lines, etc.
Correct, but on this he is right. His windmill farms are a scam on the taxpayers but his ideas about oil and gas are sound.
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