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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (146269)	3/5/2011 1:14:01 PM
From: Bearcatbob	Read Replies (3) \| Respond to of 206191

"IMO that's because newer big players like Exxon/Mobil can sit on their NG holdings while selling their crude at high market prices. " IMO any holder of natural gas would want any possible new market. Any bus company or truck fleet company is free to move to NG fueled vehicles. To blame few NG cars on XOM is simply wrong. BTW - when is the last time you heard/saw our leader and his band of merry scientists pushing NG vehicles? When you answer that I think you will be closer to why it is not happening. All the money goes to wind mills and solar panels - not the hated C molecule. Oh yeah - and fantasy trains in California. If they want to spend money on trains spend it on expanding the Eastern Corridor lines. Bob

To: richardred who wrote (146269)	3/5/2011 1:14:17 PM
From: jimthurman	Read Replies (2) \| Respond to of 206191

richardred I spent some time in Cartegena last year, every vehicle that moved except the motorcycles ran on CNG. Even old clapped out American cars and trucks were converted! Very efficient fueling station was cool to watch. Cancels/Micheal are right, there is no energy direction here! jim

To: richardred who wrote (146269)	3/5/2011 3:11:29 PM
From: MIRU	Read Replies (1) \| Respond to of 206191

Re NG fueled cars. Isn't the infrastructure already in place? I have read that if you have NG at your home for about $1500 you can install a compressor and refuel overnite. (I'd keep a window cracked in the garage though)

To: richardred who wrote (146269)	3/5/2011 4:36:42 PM
From: upanddown	1 Recommendation Read Replies (3) \| Respond to of 206191

The NG infrastructure isn't built yet No it isn't, Richard, and it won't be built until the demand is there. The U.S. actually has, by far, the most extensive NG delivery infrastructure in the world but the pipe ends at the home, power plant and factory floor rather than the service station. I think the lack of infrastructure is a false argument. Tens of thousands of urban stations have NG pipes running right down their street. Many service stations already bring in NG for heating and cooking. Tapping the NG supply and installing a couple of CNG pumps is no big deal. NG will never be for rural settings but as an urban commuting vehicle, it could be ideal. The lack of progress is baffling and the job creation possibilities are enormous. Unlike some here, I don't just blame it all on politicians they don't like. Private industry should be taking the lead here. Why doesn't XOM install CNG pumps at a couple hundred of stations as a way to promote NG vehicle use? The cost would be peanuts to an XOM. The XTO acquisition never made sense unless XOM saw NG demand climbing out of the 18T-22T channel it has been in for 40 years. John

To: richardred who wrote (146269)	7/4/2011 12:52:24 PM
From: richardred	Read Replies (1) \| Respond to of 206191

Well at least it's not a complete ban as I thought it might be. Still it looks to be years away from progress which is ok as long as regulations are defined realistically and the industry can make money following them. RE: LNG powered cars. It was enlightening to see GM sign a deal with Westport Innovations. Boone is also getting the word out. BP Statistical Review 2011 helps reveal truths about natural gas supplies. torquenews.com UPDATE 1-NY Gov Cuomo looks to natgas drilling for jobs By Dan Wiessner ALBANY, N.Y. , July 1 (Reuters) - New York state's top environmental official presented plans to allow drilling in one of the world's richest natural gas deposits on Friday, but said he is unlikely to review drilling applications before 2012. The head of the Department of Environmental Conservation has recommended that New York allow hydraulic fracturing in most of its share of the massive Marcellus Shale formation. Environmental and public health activists have said the high-volume gas extraction method can pollute drinking water supplies, so the state would ban drilling in the New York City and Syracuse watersheds and within 500 feet (152 meters) of public water supplies. "We can protect the environment and reap some of the economic and energy benefits of drilling," Department of Environmental Conservation (DEC) Commissioner Joe Martens said at a news conference. The natural gas industry says drilling will create up to 37,000 jobs and funnel much-needed revenue to local governments in the state's depressed Southern Tier, an upstate region hurt by a manufacturing exodus. A successful drilling plan could help Democratic freshman Governor Andrew Cuomo make inroads in an area largely dominated by Republican politicians, political observers said. "The DEC's decision was based on rigorous testing, research, facts and science, not politics or ideology on the issue," Cuomo said. Hydraulic fracturing, known as hydrofracking or fracking, blasts vast amounts of water mixed with sand and chemicals deep into shale rock, freeing trapped gas. [ID:nN18229665] Critics fault the process because it requires storing large amounts of chemical-laced water in above-ground pools. They have pressured companies to reveal the chemicals used in drilling, which environmentalists say can leak and endanger ground water. "Thousands of new wells will be drilled across the state, using billions of gallons of fresh water and industrializing the rural communities across the state," said Wenonah Hauter, executive director of environmentalists Food & Water Watch. Timothy Considine, a professor of energy economics at the University of Wyoming and an advocate for drilling in New York, has said natural gas drilling in New York state would lead to $11.4 billion in economic output and raise $1.4 billion in state and local tax revenue. Considine's analysis, which looked at the impact of drilling in neighboring Pennsylvania, also found that of the 2,139 Marcellus wells drilled in Pennsylvania between 2008 to 2010, 1,924 incurred environmental violations. On Friday, Martens also announced the creation of a High-Volume Hydraulic Fracturing Advisory Panel, which includes environmentalists, business leaders and elected officials. "If done right, the on-going process in New York continues to hold out the best opportunity to establish a national, and even international, model of how taking a cautious approach to proposed new fossil fuel development can protect people, communities and the environment at large," said Kate Sinding, a lawyer with the Natural Resources Defense Council. Business leaders applauded the Cuomo administration's report. Heather Briccetti, head of the New York State Business Council and another panel member, said it strikes a balance between economic development and environmental concerns. "New York cannot simply stand on the sidelines while Pennsylvania and other states see the employment and economic benefits from shale exploration," she said. A 60-day public comment period will begin around September 1; then Cuomo could decide how to regulate hydrofracking. (Additional reporting by Edward McAllister; Editing by Edith Honan, Joan Gralla, David Gregorio and Lisa Shumaker) Energy reuters.com