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Page added on November 17, 2015

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T. Boone Pickens: There’s Too Much Natural Gas

BP Capital Chairman and CEO T. Boone Pickens discusses the oil and gas industries. He speaks on “Bloomberg Markets.



32 Comments on "T. Boone Pickens: There’s Too Much Natural Gas"

  1. rockman on Wed, 18th Nov 2015 8:52 am 

    Safe to say the companies drilling NG wells, especially the Marcellus players, would disagree given they’ ve continued drilling (and presumably profitably) NG wells.

  2. Kenz300 on Wed, 18th Nov 2015 11:42 am 

    The OLD wealthy billionaires that made their billions investing in fossil fuels will do all they can to try to keep the fossil fuel industry going no matter what it does to the planet or people….

    Wind Power Now Cheaper Than Natural Gas for Xcel, CEO Says – Renewable Energy World

    http://www.renewableenergyworld.com/articles/2015/10/wind-power-now-cheaper-than-natural-gas-for-xcel-ceo-says.html

  3. Boat on Wed, 18th Nov 2015 6:31 pm 

    Rock,

    Exports to Mexico are expected to grow from 3.5% of the US market to 9% over the next few years. Pipelines are going in as we speak with more to come.

  4. Mike616 on Wed, 18th Nov 2015 9:34 pm 

    Exports will raise the price in the US natural gas market.
    That’s great for T. Boone Pickens in the short run.
    It’s also great for Solar and Wind in the Long Run.

    Do it, Export as much as possible.
    Solar at geometric growth today, will be stratospheric with natural gas exports.

  5. Mike616 on Wed, 18th Nov 2015 9:41 pm 

    How the hell is Putin going to get a better price for oil dicking around in the Middle East. Anybody?

  6. Mike616 on Wed, 18th Nov 2015 9:43 pm 

    This is the end of the carbon age, Pickens is too old to learn solar and wind. That’s why we’re programmed to die. When enough of these old oil nuts die that will just continuously help kill carbon and bring about the conversion to Solar and Wind.

    Because only an old fool would pick a carbon solution, like the SUICIDE Fracking industry over Solar and Wind.

    Fracking is only successful because the oil industry had the financial MUSLE To SHOVE IT DOWN OUR THROATS.

  7. Boat on Wed, 18th Nov 2015 9:59 pm 

    Mike,
    Are you Canadian? BTW Pickens did build a wind farm in Texas.

  8. GregT on Wed, 18th Nov 2015 10:12 pm 

    “Because only an old fool would pick a carbon solution, like the SUICIDE Fracking industry over Solar and Wind.”

    Solar and wind are both carbon solutions Mikey. Neither would/will exist without fossil fuels. Only a fool would pretend otherwise. Old or young.

  9. Mike616 on Wed, 18th Nov 2015 10:19 pm 

    GregT you do know some math correct?

    Initial builds of solar panels do start with some carbon energy input. But now there are 1000’s of Gigawatt of solar energy on the market. Now, solar energy breeds solar energy. You do see that your criticism is now invalid correct?

    On the other hand, it’s really hard to make a fresh water supply. And fracking takes one capitalistic resource and produces massive amounts of pollution. While you make an energy source you pollute a fresh water resource, and it’s Really Hard, and Expensive to get the Mercury, Arsenic and Uranium plus the carbon compounds that cause cancer filtered out of the formerly fresh water.

    It’s so expensive actually that it costs MORE MONEY then you harvest from the Fracking.

    You do understand that?
    That’s why only an idiot would frack.

  10. apneaman on Wed, 18th Nov 2015 10:37 pm 

    Mike, how much of the mining is done with solar? None and there never will be any as the batteries would weigh more than the equipment. How much of either the raw materials or finished product is transported by solar? None, shipping is bunker fuel and trains and tractors are diesel. Installers don’t use EV’s either. How much aluminum smelting is done with solar? Steelmaking?
    And hi tech alt’s cause an environmental holocaust of their very own, which only quickens the pace of the 6th mass extinction and makes many apes sick. NIMBY.

    Here is but one example of many…..

    The dystopian lake filled by the world’s tech lust

    Hidden in an unknown corner of Inner Mongolia is a toxic, nightmarish lake created by our thirst for smartphones, consumer gadgets and green tech, discovers Tim Maughan

    http://www.bbc.com/future/story/20150402-the-worst-place-on-earth

  11. keith on Wed, 18th Nov 2015 11:01 pm 

    There is no solution. Mother nature is returning to the driver seat, no matter what we do. Mother nature is blind. She doesn’t see race, sex, age, religion, etc. She doesn’t discriminate. She is slow and methodical. What’s happening is not a piece of Hollywood fiction. It will not be confirmed to the doubter by the authority on television. The evidence is everywhere, open your eyes.

  12. GregT on Wed, 18th Nov 2015 11:35 pm 

    “Initial builds of solar panels do start with some carbon energy input. But now there are 1000’s of Gigawatt of solar energy on the market. Now, solar energy breeds solar energy. You do see that your criticism is now invalid correct?”

    OK Mikey. So with all of those 1000’s of Gigawatts of solar energy on the market, what do you propose that we use them for?

  13. Davy on Thu, 19th Nov 2015 5:54 am 

    Mike I see you are challenging Greg on his math skills. I copied and pasted a post by BC on this exact topic from another feed. You need to get a grip boy wonder alternative energy is never going to scale in time and quantity. The critical conditions are not present especially since fossil fuels are in decline, economy is declining, and the world is at limits of growth. Mike quit pissing on yourself can’t you see it is windy?

    BC on Wed, 18th Nov 2015 4:31 pm

    In the US, renewables’ production/capacity has been growing at an exponential rate vs. US electricity consumption per capita that has not grown since the late 1990s.
    Growth of wind and solar production peaked with the price of oil and has steadily decelerated since, with the oil/commodities cycle turning negative as in in 1986 and the early 1960s (the Kuznets and Juglar cycles).
    US wind and solar’s growth will now be constrained by no growth per capita of electricity consumption for nearly 20 years against a dramatic deceleration in the differential growth rates of fossil fuel capacity substitution by renewables in the years ahead.
    IOW, we don’t need additional NET capacity of electricity production under conditions of LTG/EOG, whereas renewables’ exponential growth is catching up to capacity and the necessary growth of substitute electricity production to replace the declining fossil fuel share.
    Because most of us don’t understand exponentials, differentials, and the implied capacity needs/constraints, renewable advocates will continue to extrapolate unsustainable exponential growth rates as “normal” until they are not (as in soon).
    But we’ve been here before . . .

  14. Kenz300 on Thu, 19th Nov 2015 11:15 am 

    The wold is in transition to safer, cleaner and cheaper alternative energy sources……. Climate Change is real… it will impact all of us..

    Half Of All Power Plants Built Last Year Were ‘Green’

    http://www.huffingtonpost.com/entry/renewable-power-plants_5641fd3fe4b0b24aee4bbd49

  15. Mike616 on Fri, 20th Nov 2015 8:58 am 

    Well the COAL industry is using Solar Fields to POWER the Mining Equipment. Where have you guys been?

  16. Mike616 on Fri, 20th Nov 2015 8:59 am 

    Electric Forklifts, Electric Trucks and Buses are coming.

  17. Davy on Fri, 20th Nov 2015 9:28 am 

    Sure Mikey, now explain what % of coal is mined that way today. The fact that it can be done is not the issue. The issue is scaling it to significance.

    In your second comment I like how you add “coming” like you are heralding a new age. These thing have been around since I was a baby. They are not going to scale Mikey.

    You have to be real on this board or you get an ass whipping. Grow up. If this was a one time comment you would deserve a break but this is a continuous agenda speak. Your a greenie weenie cornucopian. You are even afraid to engage in conversation to argue your point. Are you related to kenny300 bot boy? Be real, be fair, and show balance then and only then will you get respect.

  18. GregT on Fri, 20th Nov 2015 9:51 am 

    It would appear that the cornies and the greenies believe that us doomers are being pessimists simply for the sake of being pessimistic. Nothing could be further from the truth. I, for one, would love to believe in a techno-utopian future, but I am a realist, and I have already done the math. There is no other stand alone energy source on this planet that contains as much energy, pound for pound, as a gallon of gasoline. Besides Mikey, if electricity was the answer, why are we using it to mine coal?

  19. Davy on Fri, 20th Nov 2015 10:14 am 

    Exactly Greg. We are using electricity to mine coal to produce electricity for a meaningless life of consumerism and techno-titillation.

    I was doing my twice a month supply run to the big Town of Rolla Mo yesterday. I try to avoid being a carbon whore so I combine several trips into one for efficiency. If nothing else it makes me feel better but I know any car usage is whoring.

    Anyway I caught myself in Lowes thinking how fucking wonderful a place like lowes is for a doomsteader. I found myself thinking why can’t this be good, sustainable, and healthy. Why does this wonderful experience represent all that is bad about modern man and his destruction of Mother Nature? I find myself in strange surreal zones when I do a trip into the city. It is like a personal twilight zone.

    Greg, you are so right I like you don’t wish pessimism. I am ready at any time to set sail on a grand ship of optimism. I am not going to be tricked and deceived into it though. The weight of the world is on the cornucopians. We Doomers have time and nature on our side if only with the satisfaction of being right. Worms will eat on us just like a cornie.

  20. apneaman on Fri, 20th Nov 2015 10:23 am 

    mike, many claims, but nary a link. Sorry, but Elon said so ain’t gonna cut it.

  21. GregT on Fri, 20th Nov 2015 10:35 am 

    Elon Musk is the Jesus Christ of the 21st century. A modern day miracle worker. The big difference? Christ wasn’t in the miracle working business to turn a profit. (pun intended)

  22. onlooker on Fri, 20th Nov 2015 10:41 am 

    Exactly. Pinning pessimism on Doomers is a strawman. We are Realists who have tried to look at the facts without blinking and thoroughly. This has led us to the unfortunate conclusion that humanity is simply in overshoot. No technology or adaptation/mitigation can change the laws of physics or nature. We cannot create out of thin air the prime resources we depend on such as food, water and energy. Nor can we now in time clean up the Earth from the terrible onslaught we have inflicted upon it. It is the cornies who are unrealistically optimistic. No matter now much you wish something different the reality is what it is. The reality that 7 plus billion simply cannot much longer be continued to be sustained on the planet.

  23. Davy on Fri, 20th Nov 2015 10:57 am 

    Mike, I suggest you read this excellent book my good buddy Ape Man turned me on to last year then get back to us:

    http://www.amazon.com/Techno-Fix-Technology-Wont-Save-Environment/dp/0865717044

  24. GregT on Fri, 20th Nov 2015 11:18 am 

    “It is the cornies who are unrealistically optimistic.”

    What I find sadly ironic is, that the cornies are actually making our situation even more dire. There is no solution other than to put an abrupt end to industrialism and BAU, and to let nature take her course. The longer we try to maintain the unsustainable, the more horrific the consequences will be.

  25. apneaman on Fri, 20th Nov 2015 11:21 am 

    Hell, scratch a Doomer and I bet you will find a former techno utopian or fanboy, probably a sifi fan too. I know I once had the faith, back in the day. It was a rather disappointing decades long conversion too – no revelation on the road to Damascus. The most difficult, yet revealing piece of the puzzle is coming to terms with ape psychology/behaviour. We ain’t going to change – ever. What you see is what you get. Everything else is just story telling. We the great bullshitting ape.

  26. apneaman on Fri, 20th Nov 2015 11:40 am 

    The Next Resource Shortage?

    “Though energy from the sun and wind appears boundless, the resources needed to turn it into power are not. And as we move away from oil, gas and coal, there is increasing demand for the rare metals that are at the heart of green technology. In the process, we are trading one resource dependency for another, and unleashing a new set of economic and environmental ramifications.

    These rare metals — a group of roughly 50 that includes indium, rare earths and gallium — are produced in small quantities, often several thousands of tons annually or less; blended with other metals; and traded in back-room deals. But don’t let their obscurity fool you. They are critical to green technology. Their unique properties make the products we buy smaller, faster and more powerful.”

    more

    http://www.nytimes.com/2015/11/20/opinion/the-next-resource-shortage.html?action=click&pgtype=Homepage&version=Moth-Visible&moduleDetail=inside-nyt-region-4&module=inside-nyt-region&region=inside-nyt-region&WT.nav=inside-nyt-region&_r=1

  27. onlooker on Fri, 20th Nov 2015 11:42 am 

    Yeah, Greg but with ape psychology and how wed we are too fossil fuels and given that we need to clothe, feed and shelter 7 plus billion, their is no changing course. We are like the behemoth Titanic, much too big to abruptly stop or deviate from the iceberg.

  28. GregT on Fri, 20th Nov 2015 11:43 am 

    “Hell, scratch a Doomer and I bet you will find a former techno utopian or fanboy, probably a sifi fan too.”

    Absolutely agree Apnea. I’m as big of a techno fanboy that you will likely ever meet, and Sci-fi has always been my genre of choice ever since I was a teenager. If a person is honest with himself, and can get beyond his own fears, once the red pill has been taken there is no turning back. The rabbit hole just keeps getting deeper and deeper. There is no solution, and we aren’t going to do anything to “fix” this.

  29. GregT on Fri, 20th Nov 2015 11:44 am 

    Completely agree with you onlooker, as usual.

  30. onlooker on Fri, 20th Nov 2015 11:59 am 

    I used too watch Star Trek the original series with William Shatner religiously. Back then, I really thought we were destined for “These are the voyages of the starship Enterprise. Its five-year mission: to explore strange new worlds, to seek out new life and new civilizations, to boldly go where no man has gone before.” Oh well.

  31. Kenz300 on Fri, 20th Nov 2015 2:57 pm 

    The fossil fuel industry is dying and will be replaced by safer, cleaner and cheaper alternative energy sources like wind and solar…….

    Wind Power Now Cheaper Than Natural Gas for Xcel, CEO Says – Renewable Energy World

    http://www.renewableenergyworld.com/articles/2015/10/wind-power-now-cheaper-than-natural-gas-for-xcel-ceo-says.html

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