INTERACTIVE MAP TO FIND NATURAL GAS
FUELING STATIONS IN YOUR AREA
http://www.cngprices.com/index.php
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Exxon, U.S. Government Duel Over Huge Oil Find
"...The massive Gulf of Mexico discovery contains an estimated one billion barrels of recoverable oil, the company says. The Interior Department,
which regulates offshore drilling, says Exxon's leases have expired and the company hasn't met the requirements for an extension...."
Read article: http://online.wsj.com/article/SB10001424053111903596904576514762275032794.html?mod=WSJ_hp_mostpop_read
(Someone failed to float a bull dozer out there before the term expired. Should have used a paid-up lease.)
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THE LATEST TRICK OF THE HOT AIR CULT TO PUT LANDMEN OUT OF WORK
Rebutting the fraudulent claims of the climate alarmists and government bureaucrats is like trying to nail Jello to the wall. Every time we destroy one unsubstantiated theory of global destruction, they reincarnate it under a different guise. The newest mole we have to wack has officially been designated ‘GLOBAL CLIMATE DISRUPTION”. “The White House wants the public to start using the term "global climate disruption" in place of "global warming" -- fearing the latter term oversimplifies the problem and makes it sound less dangerous… “White House science adviser John Holdren urged people to start using the phrase during a speech last week in Oslo…” Read more at White House: Global Warming Out, 'Global Climate Disruption' In.
Proposed Oil and Gas Tax Hikes to Cost U.S. Economy 154,000 Jobs in 2011
WASHINGTON, Sept. 13 /PRNewswire-USNewswire/ -- Louisiana State University Endowed Chair of Banking and nationally-renowned economist Dr. Joseph R. Mason estimates that President Obama's proposed energy tax changes would trigger grave economic consequences. In the newly released "Regional and National Economic Impact of Repealing the Section 199 Tax Deduction and Dual-capacity Tax Credit for Oil and Gas Producers," Dr. Mason finds the resulting fallout over the next ten years would include:
Initial losses of over 154,000 jobs by the end of 2011, not only in the energy sector but across the whole economy;
More than $341 billion in lost U.S. economic output; and
In excess of $68 billion in lost wages nationwide.
"As we've seen in its 2011 budget and newly unveiled 'stimulus' plans, the Obama administration aims to single out U.S. oil and gas firms and raise the cost of energy for consumers by eliminating crucial tax credits to which all taxpayers are entitled," Dr. Mason said.
"Though politicians think they are selectively targeting 'Big Oil' with these energy tax proposals, they would actually devastate thousands of small American businesses nationwide as well as the workers who depend on them. With at least 150,000 U.S. jobs at stake – in fields ranging from healthcare to real estate – it's clear that the costs of repealing Section 199 and dual capacity far outweigh the potential benefit of increased government revenues that may be derived from the proposal." Read more at: http://www.prnewswire.com/news-releases/obamas-proposed-oil-and-gas-tax-hikes-to-cost-us-economy-154000-jobs-in-2011-102749749.html
OBAMA WANTS TO EXCHANGE OIL AND GAS JOBS
TODAY FOR CONSTRUCTION JOBS IN 2 TO 6 YEARS.
Obama wants to build enough new highways in the next six years to stretch around the world six times. And he wants to pay for them by taxing oil and gas companies $50, 000,000,000.00 today.
Jack Kemp popularized the maxim that “If you want more of something, subsidize it; if you want less of something, tax it.” Our economy doesn't need more highways, runways or railroads. Eighteen-wheelers, locomotives and cargo planes are sitting idle because of the recession, not because there aren't enough roads, rails or runways. What we need is more oil and gas production, not only to lower the cost domestically, but to keep dollars in America instead of sending them overseas.
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A 'new normal' for oil and natural gas prices?
by Donald Marron
For many years, oil prices (as measured in $ per barrel) tended to be 6 to 12 times natural gas prices (as measured in $ per
MMBtu). That ratio blew out to more than 20 in late 2009, briefly receded toward more traditional levels, and then expanded
again. At Tuesday’s close, the ratio stood at 19.4, far above its historical range.
The unusual pricing of the last two years reflects two factors. First, there has been a dramatic–and welcome–expansion in
domestic natural gas supplies. That’s driven natural gas prices down to less than $4 per MMBtu at yesterday’s close. Second,
there is limited opportunity for energy users–utilities, businesses, and homeowners–to switch from oil to natural gas. ...
http://www.csmonitor.com/Business/Donald-Marron/2010/0908/A-new-normal-for-oil-and-natural-gas-prices
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Pickens: Nat Gas Is the Way Off OPEC Oil
T. Boone Pickens believes the way off OPEC oil is by tapping into our nation’s vast reserves of natural gas.
“We’ve got plenty of natural gas; 3 times as much nat gas as the Saudi’s have oil.”
And there’s perhaps another incentive far greater than financial.
“If you want to slowdown the Taliban the way to do it is slow down the purchase of OPEC oil because a lot of that money goes
into the hands of the Taliban,” Pickens says.
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“SUSTAINABLE CAPITALISM” IS THE NEW EXCUSE TO PUT LANDMEN OUT OF WORK
"Sustainable Capitalism" is sort of like Global Warming with climatologists being replaced with “behavioral economists”. Junk science is replaced by junk economics, but the cult leaders are the same.
The premise is that corporate executives are harming their own corporations by pursuing short term profits instead of the long-term strategy of creating sustainable capitalism. It is in the best interests of the shareholders and stakeholders for the government to reincentivize corporate executives and owners.
Under “sustainable capitalism” the best interest of energy companies would be to defer making profits by producing oil and gas, and instead adopt long-term value strategies accounting for externalities such as global warming pollution.
As Al Gore explains: “In order to start developing sustainable capitalism, we need to reconsider the basic building blocks of commerce and markets: accounting, disclosure, incentives, regulation and responsibility… a crisis is a terrible thing to waste. Yet we are in danger of doing just that. We need to change urgently and should start by revisiting the fundamentals necessary for strong and functioning capital markets. We must act now to do what is required to build sustainable capitalism."
Here are some new buzz terms the enlightened Ones will be using to impress us ignorant rednecks: “outdated modes of distilling economic value.”, “defer the proper accounting for externalities such as global warming pollution,” “risk-profile of high-carbon businesses”, “subprime carbon assets”, “optimal allocation of capital”, “responsible approach to investment and business management”, “rebuilding corporate leadership”, “long-term sustainability challenges”, “International Corporate Governance Network,” “latitude to enact long-term strategies”, “stronger and more sustainable economies”, “executive, investors and asset owners compensation needs to be better aligned with stakeholders and long-term objectives”, “maximizing short-term value at the expense of long-term value”, “asset managers evaluated and incentivized using long-term metrics”; and “global regulators to improve shareholder rights and responsibilities”
Read Al Gore’s econobabble at http://www.ft.com/cms/s/0/1b1067b2-dacd-11de-933d-00144feabdc0.html
NOTE: When Al Gore ran for President he reported his net worth to be $2.2 Million. Today it is estimated to be over $500 Million, and America is losing more jobs every day in the pursuit of sustainable capitalism.
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THE FUTURE BELONGS TO NATURAL GAS
It's no secret anymore that the world is looking for ways to decouple the US$ from the price of crude oil. As this process progresses the value of the Dollar relative to foreign currencies will decline making all imports more expensive, especially crude oil. Even domestic crude will increase in price because it can be exported and paid for in foreign currencies.
A small portion of our Natural Gas can also be exported in the form of LNG and sold for foreign currencies. However, (and this is the most important point) Natural Gas produced and consumed in America will continue to be priced in U.S. Dollars, and thus continue to trac the U.S. economy. The gap between the cost of producing energy from Oil vs Gas will increasingly widen as the value of the Dollar on the world market declines.
These charts illustrate the potential for growth
in the domestic natural gas market
(charts from Heritage.com)
AMERICAN NATURAL GAS ALLIANCE and
AUBREY McCLENDON FIGHTS BACK AGAINST CONGRESS'S PLAN TO GIVE OUR JOBS TO THE COAL INDUSTRY IN THE NAME OF GLOBAL WARMING
From the N.Y. Times 9/7/2009
HOUSTON — The natural gas industry ....is having trouble making its case to Congress as it writes an energy bill to tackle global warming. ... lawmakers from coal-producing states appear committed to keeping coal as the nation’s primary producer of power. (NOTE: This reporter must not have gotten the memo that "global warming" has been replaced by "climate change" since satallite readings have proven that the earth has been cooling since 1998 contrary to the global warming models predictions.)
Industry profits are riding on the outcome of the discussion — a rich mix of politics, environment, science and business.
...The gas industry’s leaders say they will descend on Capitol Hill in coming weeks to press their case about the advantage of gas, including that it emits about half the greenhouse gases as coal. The industry has formed a new lobbying group, (American Natural Gas Alliance) and it is planning a national campaign that includes television advertising. Executives want fewer allowances for coal. They also want legislation that gives incentives for companies to convert truck fleets from diesel to natural gas.
.....“Never in my life have I been confronted with something so obviously easy and good to do and have such Congressional apathy,” said Aubrey McClendon, chief executive of Chesapeake Energy and a leading voice in the industry. (NOTE: Unfortunately climate change is no longer about easy and good, it's about political payback to coal unions.)
..... David Hawkins, a climate change expert at the Natural Resources Defense Council, said simply replacing coal with natural gas for power generation was “not a viable strategy” because that would merely delay climate change by a few decades. (NOTE: Climate change must not be very harmful if a few decades are unimportant)
..... But utilities that burn coal will receive tens of billions of dollars worth of free pollution credits, savings that will be passed on to consumers but may serve to delay the closing of some coal plants. (It's not enough to steal our jobs, now the goal industry wants us to pay more taxes to help them do it. Our tax dollars somehow redeem their polution?)
Without any new legislation, and if current policies remain in place, gas would beat out coal by a far larger margin, according to E.P.A. projections. There would be nearly 30 percent more power generated by gas by 2025 than in 2015, while coal fired generation would grow by a more modest 7 percent.
Many legislators believe that carbon capture and sequestration — a largely untested system that would bury carbon at power plants so it does not escape into the atmosphere — can be made to work. (We aren't competing against real time coal, we are having to go up against a therotical clean coal that might be technologically possiby in some distant future.)
Currently, coal provides almost half the electrical power in the United States while natural gas provides more than 20 percent. (That could be reversed in less than 3 years. Conversion of electrical utilities is easy and inexpensive.)
....Gas executives say their day in Washington will come, especially as more jobs are produced in gas fields that now stretch across 32 states.
Natural Gas Conversions Could Cost Only
A Couple Hundred Dollars Per Car
"But they don't. It costs between $12,500 to $22,500 to convert a gasoline-powered car to natural gas in an autoshop. ....Natural gas conversions don't have to cost that much:
"The true cost is only a few hundred dollars in parts and labor. The reason for this incredible difference is...For an individual (or shop) to be licensed to do a conversion, the person must pay $10,000 per year, per engine type, per year of manufacture. So that if a conversion shop wanted to do conversions in 2009 for Camrys for the years 1995 to 2005, the shop owner would have to pay the government $100,000 in licensing fees. "
"Then, if he wanted to do conversions on the same models in 2010, he would have to pay the $100,000 again, even though they are the exact same models and engines that he has been licensed on already. And if there is more than one engine involved, i.e., a 6-cylinder and 8-cylinder, the cost would double."
You could pick up the phone and get rid of this licensing fee. It's pretty simple to tell congress what needs to be done; even if you think you don't know who to call.
The congress switchboard at (202) 224 3121 can connect you with your Senator if you know your state, and if you give your zip code; they'll know who your Representative in the House is." http://www.reuters.com/article/mnGreenAutos/idUS348086345020090801
PS: You can fill your car with natural gas from the same gas line that connects to your hot water heater.
RELATED NEWS: $1 a gallon gas? It’s possible with natural gas. Read article:
http://www.fwbusinesspress.com/display.php?id=10726
THE FRAC ACT
(more gangsta government)
Representatives Diana DeGette and Jared Polis of Colorado and Maurice Hinchey of New York to introduce companion Senate and House bills known as the FRAC Act -- the Fracking Responsibility and Awareness of Chemicals Act. The legislation would repeal a portion of the Energy Policy Act of 2005, which states that fracking is not subject to regulation under the federal Safe Drinking Water Act.
Congressmen are using the threat of federal regulation of fracking to shake down energy companies for campaign contributions and other tributes. Democratic Senator Bob Casey of Pennsylvania, where most of the gas-rich Marcellus Shale is located joined Democratic http://www.platts.com/Natural%20Gas/Resources/News%20Features/fracking09/index.xml
UPDATE: Thanks to the efforts of landmen across the nation and the AAPL lobby, the FRAC ACT bill had been withdrawn. But don't be surprised if it is reincarnated in a different committee.
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NATURAL GAS FUELED CARS ARE SURGING IN UTAH ON 87 CENTS PER GALLON
Read more in The New York Times
meanwhile,
NBC REFUSES TO RUN PICKEN'S AD ADVOCATING NATURAL GAS
The ad points out that Iran is converting its cars to run on natural gas while we aren't doing anything. NBC is the unofficial organ of the Democratic Party, whose largest financial backer is George Soros, whose hedge fund's largest holding is in the Petroleo Brasileiro (Petrobras) the Brazilian state-controlled oil company. But that's probably just coincidence.
"London: Billionaire investor George Soros bought an $811 million stake in Petroleo Brasileiro .
Europeans can buy cars that run on natural gas from at least eight automakers. In the United States, use of natural-gas-powered vehicles is limited mostly to commercial and municipal fleets, including 360 MBTA buses,... Read the article in The Goston Globe.
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Texas natural gas may soon be exported. The Fort Worth Business Press: "Recently, Freeport LNG, which operates a South Texas liquefied natural gas terminal that imports LNG from overseas, filed a request to export natural gas. And the reason? With the increased availability of shale gas and lower prices in the U.S., it makes more sense to export than to import."
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What are saltwater disposal wells?
An excellant basic primer on salt water injection wells from the Shreveport Times. Worth downloading to a permanent file.
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Checkout www.mapmaker.com for free mapping software that can be expanded to a powerful GIS program that is more Landman friendly than the ones costing tens a thousands of dollars necessary to plot nuclear fallout patterns and other such trivia. LAWJOB.COM says "Law Grads Gush Over Prospects as Landmen"
This article is a good read for any law student thinking about career choices.
(Which reminds me.... Did you know that George W. Bush's first job was as a landman? No, he wasn't a pajama landman, he actually had to go to the courthouse and lift index books off the bottom shelf weighing dozens of lbs for six hours a day. I think this is what motivated him to become President. T. Boone Pickens started off as a landman also.)
TREASURE HUNT FOR LANDMEN
5% to 10% of Texas land is “vacant” because of errors in early surveying of Patents. It still belongs to the State but the General Land Office doesn’t know it exists. If you find a strip of land that fell between the cracks you can buy it from the state for ½ of its market value. A 1.397 acre “vacant” tract in the Yates oil field has produced over $150,000,000.00 in gross revenues. When you deed plot a patent and find that the original surveyor incorrectly measured the land or that two surveys don’t mesh, you may have discovered a “vacant” strip of land. Use this FORM to make your claim. For more information read “The Vacancy Hunter And The Landowner…“ by M.C. Cottingham, available in the online library of the State Bar Of Texas.
The Barnett Shale, a well told history from the personal experience of Chris Sanders, the son of a legendary wildcatter. ASK CHESAPEAKE.com If you're a lease hound hydrocarbon aquistion specialist in the Newark Field, don't leave home without having throughly studied the ASKCHESAPEAKE website. You can count on the royalty owners having memorized it. Their new infomercial entitle "Citizens Of The Shale" is getting a lot of attention.