[VMarcHart]

$this->bbcode_second_pass_quote('mcgowanjm', 'M')oney is energy.

$this->bbcode_second_pass_quote('mcgowanjm', '1')) Money is energy. No energy, no money. Again that
quadrillion ($1.4 quadrillion+). In debt. Meaning money
already spent. Meaning amy money has to pay off this
debt before any more debt can be issued.

[mcgowanjm]

We're gonna have fun. You and I .

$this->bbcode_second_pass_quote('', 'T')hat $1.4 quadrillion in "debt" you spoke of refers to the amount in derivatives and is not even debt - derivatives are simply bets.

[shortonsense]

$this->bbcode_second_pass_quote('mcgowanjm', ' ') Gas is not fungible like oil.

[copious.abundance]

mcgowanjm you are incoherent. Among other things you went from talking about derivatives to mentioning non-performing loans as if they were all one and the same issue, even though that's like saying roast beef is the same thing as a salad.

[mcgowanjm]

$this->bbcode_second_pass_quote('', 'm')cgowanjm you are incoherent. Among other things you went from talking about derivatives to mentioning non-performing loans as if they were all one and the same issue, even though that's like saying roast beef is the same thing as a salad.

[mcgowanjm]

Roast beef, salad and the check please.

I notice that you didn't bring up insurance with the derivatives as debt.

for one thing, your bosses made sure that the word "swap"
was used everytime the word "insurance" was needed
in order to keep those pesky regulators out of the scheme.

Dear Maria – Credit protection through a credit derivative is practically equivalent to insurance. Consequently, a credit derivative that has underlying non-performing debt is like a life insurance policy written on a dead person. Dr. Risk thinks it makes sense for an insurance company to write a life insurance policy on a dead person, but it may not make sense for a credit derivatives desk to offer credit protection on non-performing debt. http://www.margrabe.com/CreditDerivatives.html Or:

“Without nightly margin supervision on CDS short positions these vehicles have turned into the means to launch monstrous focused attacks on specific companies; the buyer has limited risk and virtually unlimited reward.

This is exactly like me buying fire insurance on your house, and in addition I can name the amount of insurance I want to buy, even exceeding the house’s value!

How nervous will you get if I buy $10 million in “fire insurance” against your $100,000 bungalow and then start stacking up gasoline cans in my driveway?"

A used horse race ticket couple with insurance that it will be
good and no counterparty risk. That's where we are.
Oh yeah, and the FedRes saying they'll back this up with taxpayer $$$. $23.7 Trillion. One year. Interest Only on the Quadrillion.

[mcgowanjm]

$this->bbcode_second_pass_quote('', 'M')aking matter worse: Most of the additional market exposure came from off-balance-sheet derivatives, giving the appearance to investors that the funds’ portfolios were not highly leveraged and therefore more fiscally sound than what was reality. And despite the fact that both the Core Bond fund and the Champion Fund were highly exposed to commercial mortgage-backed securities, detailed information regarding the extent of that over-concentration was and is no where to be found in any of Oppenheimer’s marketing materials or on Web site.

The ramifications of Oppenheimer’s behind-the-scenes gamble with derivative bets gone bad have been painful for investors. In particular, parents who invested in several state-run college savings plan are facing major financial losses because of portfolios containing the sinking Oppenheimer funds. To top it off, the losses hit the most conservative plans the hardest.

[mcgowanjm]

I'll give you this OilFinder. Debt should have zero to do with structured financial derivatives. Which is why I as a Commodities Trader had nothing to do with them back in 1980.

what started it all:

[PDF]
Options Trading in Agricultural Commodities
File Format: PDF/Adobe Acrobat - View
sellers. This ban on options in agricultural commodities remained in effect until President Reagan signed into law the Futures Trading Act of 1982. ...
agecon.uwyo.edu/RiskMgt/.../OptionsTradinginAgCommodi.pdf

debt is the amount needed to pay off the Faudulent horse race tickets which the parent (now the Us Gov't) doesn't have.

All of this should've been taken care of in 1985, but now it's too late. Denninger again:

" Bernanke's entire thesis is that the crack addict will be ok IF HE CAN JUST HAVE ONE MORE HIT OFF THE PIPE.

But the crack addict is currently on the ground grasping his chest, as he's suffering a heart attack. Another hit of crack will not make the suffering addict better and in fact he can't get the pipe up to his lips even if he wanted to!"

[SeaGypsy]

You strike me as particularly coherent McG (Oily will think I'm just butting in to disagree but, I actually mean it)

[mcgowanjm]

Thanx, SG.

We have a chance staying local and out of debt. And that's all you can ask for.

Sincerely, James

[bratticus]

Since only the tiniest number of people on the planet have any conception of what Micro-GTL is I will start out by giving an example since that's one of the simplest way to explain.

$this->bbcode_second_pass_quote('', '[')u]Alchem Fuelformer™ (link)

micro-GTL processing

The Fuelformer™ is a skid-mounted, self-contained, portable, automated, micro-GTL plant that provides robust and reliable gas processing services. Its size allows it to be modularized into multi-unit applications so that GTL services can be sized to fit the customer's needs, with facilities that can be easily expanded or downsized as gas supplies grow or decline.

Fuelformer™ applications include: gas well production, flare elimination, and lean methane streams that include coalmine and coal bed methane, landfill gas, composting, and industrial digesters.

[shortonsense]

$this->bbcode_second_pass_quote('bratticus', ' ')is building the infrastructure to process the gas into a transportable liquid fuel at the source the right approach?

[SeaGypsy]

Anyone done the EROI on this? Of course it has to be better than flaring it, the wastefullness of that has freaked me out since I was a kid. I would love to know the relative figures besides manufacture/ intallation cost. How much 3 phase power does the gismo use? Conversion ratio etc. I did look at the site, but I am not really good at technical mathematics; any of the experts here got ideas?

[Ferretlover]

$this->bbcode_second_pass_quote('bratticus', 'S')ince only the tiniest number of people on the planet have any conception of what Micro-GTL is I will start out by giving an example since that's one of the simplest way to explain.

[SeaGypsy]

Don't want to be a party pooper; BUT.
I just dug through the site. Found a few red flags:

1/ The site seems to have had nothing done to it since 2006.

2/ The 'careers' tag brings up 1 job- a product development engineer position.

3/ The products are forecast (in 2006) to be ready in late 07 and 08/ with no updates in 09 at all or since.

4/ The contact page gets office addresses and phone numbers only, outside of the UK. The web address provided in the UK is for a general 'green consultancy' business which doesn't mention this project at all. It is also very short of links and information in general.

I could get either of these websites knocked up out of thin air in a day for peanuts. A couple of people to answer phones in a couple different countries..... Just thinking out loud.

[Ferretlover]

$this->bbcode_second_pass_quote('SeaGypsy', 'D')on't want to be a party pooper; BUT.
--snip--I could get either of these websites knocked up out of thin air in a day for peanuts. A couple of people to answer phones in a couple different countries..... Just thinking out loud.

[SeaGypsy]

The main thrust of my points there is that IF this was for real why the amateur website? The idea is fantastic; I do really like it. But having to get on the phone or email another unrelated company for info? In industry this is very unprofessional and therefore; shall we say, a bit sus?

[TheDude]

Google is your friend: Micro-GTL - Google Search

Green Car Congress: Energix Research Successfully Tests Micro GTL Process

$this->bbcode_second_pass_quote('', '3') February 2009

Energix Research, a developer of gas-phase catalysis processes, technologies and systems, says it has successfully produced gas-to-liquids (GTL) products using its electrically activated nanocatalyst process. Energix Research executed the GTL process via the syngas and Fischer-Tropsch synthesis route at a high conversion rate (87%) and selectivity rate (99%).

Energix Research’s process uses electrically activated nanoparticle catalysts supported on a carbon microfibers with high porosity and surface area. This technique reduces the required bulk feed gas temperatures to less than 50% of conventional processes, as the energy of reaction and activation of catalyst is provided directly where it is needed to create very narrowly targeted reactions with high selectivity and yields, according to the company.

The lower bulk gas temperature reduces the capital costs typically associated with exotic metals and energy recovery equipment in GTL refineries while increasing energy efficiency, making Energix’s micro GTL and other chemical plants more affordable.

[Ferretlover]

$this->bbcode_second_pass_quote('SeaGypsy', 'T')he main thrust of my points there is that IF this was for real why the amateur website? The idea is fantastic; I do really like it. But having to get on the phone or email another unrelated company for info? In industry this is very unprofessional and therefore; shall we say, a bit sus?