Monday, April 14, 2014

Thursday, March 27, 2014

Oil & Gas Create Jobs

T. Boone Pickens discusses the economic impact of American oil and gas production.
Today, the oil and gas business is the most dynamic industry in America. Unfortunately, they are still targeted by Washington, DC, as villains and increasingly blamed for everything from profiteering to earthquakes. If you want to blame that industry for anything, blame it for creating too many jobs.

Tuesday, March 25, 2014

Fuel Cells Are Not The Hydrocarbon Option You Might Think

Currently, the only way to get sufficient quantities of hydrogen for fuel cells for commercial purposes is to use methane gas. The process combines methane gas and steam at a certain pressure and temperature range to create pure hydrogen gas and carbon dioxide. The tax credit for fuel cells will expire in December 2016. Electricity produced by Fuel Cell Energy is about $2,250/kilowatt. The price needs to come down at least 20% before it becomes comparable to that from Capstone Turbine.
Fuel cells are not an alternative energy solution -- it still uses the same natural gas that many other power-generating options use today. Unless there are some significant changes to carbon emissions regulations or a continuation of fuel cell tax credits, it will be very difficult for fuel cells to compete on the open market in any power generation market. Some niche markets will exist such as Plug Power's battery replacements for material handling equipment such as forklifts and potentially in electric hybrid delivery trucks, but fuel cells will struggle to gain market share as long as the costs are still high.

Monday, March 24, 2014

Pickens At Surrey Regional Economic Summit

On March 24, 2014.

Last month, I had the opportunity to travel to Canada and discuss our energy policy here in the U.S. The truth is I ended up talking about America's lack of an energy plan. That's been the story out of Washington since President Nixon first promised to get us off foreign oil in 1973.

Since the Arab Oil Embargo of 1973, the importance of getting America the energy plan it deserves has dramatically increased. But instead of real leadership in Washington, we have different departments pointed in different directions: State is reviewing the Keystone XL Pipeline; Energy is overseeing LNG exports; and Commerce is in charge of crude oil exports. Does that sound like any sort of plan?

Key decisions are made by leaders, not by committees. No wonder we're importing nearly twice as much OPEC oil as we did 40 years ago.

Tuesday, March 11, 2014

Pickens: "We can't liberate Europe from its dependence until we've freed ourselves first"

T. Boone Pickens says the U.S. will not have the infrastructure to export natural gas until 2016. He says the Keystone pipeline should be completed.
"We're nuts not to take it," he said. "I can't believe that. Six years you've had a Christmas present on the front porch."

Friday, March 7, 2014

Building Your Light-Duty Natural Gas Fleet - Free Webinar

Sign up here for this free webinar being offered by Westport.

The webinar will be March 26, Wednesday, from 10 AM to 11 AM (Pacific Time).

This webinar will be led by Westport's Mark Aubry, Vice President of Sales & Marketing, who will outline the considerations to take, plans to make, and resources available when a fleet thinks about switching its light duty vehicles to natural gas.

Learn from the leaders as AAA Oklahoma's Fleet Manager Dana Storey – whose fleet is expected to save $400,000 annually by shifting to natural gas – discusses their best practices and lessons learned.

You'll learn about:
  • Identifying your natural gas vehicle needs
  • Determining the right light-duty vehicle option and availability
  • Estimating your savings and payback
  • Understanding available incentives
  • Finding additional resources
  • The experience and best practices of AAA Oklahoma