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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture -- Ignore unavailable to you. Want to Upgrade?

To: Robert McCullough who wrote (15542)	3/13/2002 12:27:53 PM
From: Hopsalong	Read Replies (1) \| Respond to of 15703

All quiet on the western front. Too quiet--anybody have any news? RM--your 'interesting' Simmons report looks like it came out just a bit before the latest Fed. economic numbers were available and Greenspan pronounced the recession over, so industrial demand may be more robust than the report assumes. Hence, we may not see as much of a price sag in the near term. Speaking of interesting reports--picked up an old National Geographic in a waiting room yesterday. It was Sept. 1985, and in it was a piece on the changes occurring in China. One photo in particular caught my eye. This photo showed about 10 city buses on a street in a central-China city. They were powered by natural gas, but not like you might think. Instead of having cylinders for the liquefied product, these buses carried huge black bladders on top, filled with the gaseous form of the fuel. These rectangular boxy things took up the whole top of the bus and were about 2/3 again the height of the bus and held 1000 cubic feet. As the gas was burned, the bladders collapsed. Who needs a gas gauge, eh? And talk about fuel cells! Anyway, they were supposedly good for about 50 miles. Aside from the environmental advantages--I still had to ask myself if I'd step onto one of these things. First, I'd want to know the frequency of lightning storms there. Second, I'd want to know how often they're involved in collisions, especially with power poles. However, think of the application potential at ELH. Forget a pipeline. A fleet of these, each hauling away 1000 cubic feet a pop...oops, and then running out of gas 50 miles down the pike. Never mind.