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Steffy: Pickens’ new plan to break OPEC’s grip on U.S. energy markets
Fuel Fix ^ | February 27, 2013 | Loren Steffy

Posted on 02/27/2013 5:35:31 AM PST by thackney

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1 posted on 02/27/2013 5:35:36 AM PST by thackney
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To: thackney

Isn’t Fracking doing this on its own?


2 posted on 02/27/2013 5:57:15 AM PST by The Klingon
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To: thackney

‘eff Pickens. He’d support Hitler if it made him a few more bucks.


3 posted on 02/27/2013 6:00:36 AM PST by brownsfan (Behold, the power of government cheese.)
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To: thackney

Pickens is also a windmills guy, or at least was.

I have no respect for him.


4 posted on 02/27/2013 6:01:20 AM PST by cicero2k
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To: thackney

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.


5 posted on 02/27/2013 6:24:06 AM PST by pikachu (After Monday and Tuesday, even the calender goes W T F !)
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To: thackney
Critics are quick to point out that Pickens’ agenda would promote his investments in natural gas and a company that makes natural gas vehicles. Others call that putting his money where his mouth is.

No, that's putting OUR money where his mouth is.

6 posted on 02/27/2013 6:55:17 AM PST by facedown (Armed in the Heartland)
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To: thackney

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?


7 posted on 02/27/2013 7:00:06 AM PST by yefragetuwrabrumuy (Best WoT news at rantburg.com)
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To: facedown

BTTT

Pickens is an intelligent man. But when he starts talking, I always feel a need to grip tightly to my wallet.


8 posted on 02/27/2013 7:12:33 AM PST by thackney (life is fragile, handle with prayer)
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To: yefragetuwrabrumuy
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.

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.

9 posted on 02/27/2013 7:19:25 AM PST by thackney (life is fragile, handle with prayer)
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To: thackney
"Critics are quick to point out that Pickens’ agenda would promote his investments in natural gas and a company that makes natural gas vehicles. Others call that putting his money where his mouth is."

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.

10 posted on 02/27/2013 7:21:51 AM PST by shove_it (Long ago Huxley, Orwell and Rand warned us about 0banana's USA.)
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To: shove_it

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.


11 posted on 02/27/2013 7:25:09 AM PST by thackney (life is fragile, handle with prayer)
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To: thackney
If you like Pickens or not, more natural gas vehicles and filling stations would be good for America. The fact of the matter is companies won't go forward with this until they get some tax incentives. Personally, I am for lower corporate taxes over all, but this is an OK first step.
12 posted on 02/27/2013 7:29:57 AM PST by jdsteel (Give me freedom, not more government.)
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To: thackney; facedown; pikachu
T-Boone is a capitalist and as such will naturally have his interests in mind first, but what he is trying to promote is really a good thing.

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.

13 posted on 02/27/2013 7:36:54 AM PST by X-spurt (Republic of Texas, Come and Take It!)
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To: jdsteel
The fact of the matter is companies won't go forward with this until they get some tax incentives.

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

http://news.heartland.org/newspaper-article/2011/09/26/chesapeake-invest-natural-gas-fueling-stations

http://www.forbes.com/sites/kensilverstein/2012/12/15/all-roads-lead-to-natural-gas-fueled-cars-and-trucks/

- - - - - -

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://thinkinggreen.wm.com/web/wmblog/home/-/blogs/natural-gas-trucks-help-waste-management-meet-clean-air-goals

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.

14 posted on 02/27/2013 7:42:32 AM PST by thackney (life is fragile, handle with prayer)
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To: thackney
"He does this AFTER positioning himself to benefit from those mandates and subsidies."

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.

15 posted on 02/27/2013 8:03:38 AM PST by shove_it (Long ago Huxley, Orwell and Rand warned us about 0banana's USA.)
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To: X-spurt

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.


16 posted on 02/27/2013 8:29:52 AM PST by thackney (life is fragile, handle with prayer)
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To: shove_it
Wouldn't you do the same thing if you were in Boone's boots?

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.

17 posted on 02/27/2013 8:32:51 AM PST by thackney (life is fragile, handle with prayer)
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To: thackney

Why would the regime support a plan that undercuts Barry’s allies and their control of oil prices?


18 posted on 02/27/2013 8:39:29 AM PST by PhiloBedo (You gotta roll with the punches and get with what's real.)
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To: shove_it
By the way, he's not asking for mandates, he wants subsidies to move fueling of 18 wheelers along faster.

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.

19 posted on 02/27/2013 8:39:28 AM PST by thackney (life is fragile, handle with prayer)
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To: brownsfan
‘eff Pickens. He’d support Hitler if it made him a few more bucks.

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.

20 posted on 02/27/2013 9:26:56 AM PST by cpdiii (Deckhand, Roughneck, Mud Man, Geologist, Pilot, Pharmacist. THE CONSTITUTION IS WORTH DYING FOR!)
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