Zappi on Carbon Credits

[cajunhawk]

_ Btw...the owners of "big oil"? Your pension!

Oh...and how's that electric car you're evidently driving around working for you?






igeaux.mobi _

Solar powered baby....my car is so bright...I have to wear shades....and sun tan lotion....and treatments for melanoma.

[cajunhawk]

_ People at Goldman Sachs may know about financing, however they know little about what is TECHNICALLY required to safely explore and produce oil and gas. Can any of those guys calculate the mud weight needed to overcome the pore pressure caused at 10000 feet by rapid shale deposition? I doubt it. For that matter do any of them even know what I mean by the term mud weight, the density it represents, or the what the untits it is calculated in. Again, likely not. Despite that there is alternative energy research going on in the traditional energy companies. It is not at the scale dollar wise of the traditional business. Reason is that is the way of research. You have to have an indication something has potential economically before you can study it further. Traditional business has to be a focus at the current time due to the need to please the stockholder. CajunHawk is right about that as stockholders are the owners of the company. If managers don't concern themselves with that, the company ceases to exist and of course that results in damage to the economy. I do agree that natural gas is underutilzed. It is one of the cleanest burning fuels there is (especially compared to coal) and we should move more of our energy usage towards it. Many people forget that you get natural gas the same way you get oil, you drill for it. The current low prices for it are hurting Louisiana as much of our potential on land and in the Gulf is natural gas related. The current concerns in the Northeast over fracking gas wells may actually slow that drilling activity down. That may stablilize gas prices which is good for us in Louisiana. Although literally over a million wells have been fracked in Louisiana, Texas, and the Gulf with no impact on water supplies, the folks in the Northeast may have a right to be somewhat skeptical of what is going on. This is not necessarily due to the procedure but to the type of companies operating there. Several of them are new to the game and may not be as diligent in regards to environmental issues as the southern operators. _

It was an energy conference put on by Goldman Sachs. All the big boys got up and spoke and said where they were going. But these also weren't engineers. Mainly CFO's.