GLG News by Oil and Gas Pipeline Experts

Dennis FagerstoneConsultantDennis Fagerstone

Reserves vs. Resources

June 30, 2009

Analysis of:Estimate Places Natural Gas Reserves 35% Higher | www.nytimes.com

This article correctly states that new technology has opened many areas in the US and worldwide for natural gas development. The 35% increase, however, is for resources, which is very different than reserves. These resources must be proven to be commercialy feasible for development before classification as reserves. At natural gas prices below $6/mmbtu, only 20-30 % of these resource plays in the US are commercial at present development cost levels. The quality of these unproven supplies must also be confirmed by drilling and testing. Adequate natural gas prices will be necessary to support development and conversion of this gas to reserves. 

Sam TimpanoPresidentSam Timpano & Associates

Transport fuel costs and economic recovery

June 26, 2009

Analysis of:The ups and downs of diesel | www.chron.com

Energy costs are at the heart of all economies and impact growth and most certainly recoveries from downturns. Transport fuel costs are second only to power generation in terms of importance to economic growth.

Sam TimpanoPresidentSam Timpano & Associates

Cramer is an entertainer more than he is an analyst these days

June 15, 2009

Analysis of:CEO pilloried | www.tradewinds.no

Jim Cramer has a horrible track record both for recommending stocks and for his CEO choices, good and bad.

Sam TimpanoPresidentSam Timpano & Associates

There is more to this than meets the eye

June 15, 2009

Analysis of:Gazprom CEO Sees Oil at $85 A Barrel by Year’s End | www.rigzone.com

CEO Miller is on target and probably has deeper insight than he showed in this interview. As certain economies begin to recover and others begin to feel the effects of their stimulus, the decline in demand will ease and gradually produce upward pressures on price. Inflation risk, especially in the US economy will also play a role in driving prices, especially if crude remains linked singularly to the dollar.

Sam TimpanoPresidentSam Timpano & Associates

Buffett's view is just the beginning

May 5, 2009

Analysis of:Buffett Sees Massive Inflation to Handle Staggering Debt | moneynews.newsmax.com

Inflation will become a serious problem within the next 2 years. However, there are more serious results that will occur due to the Obama administrations' irresponsible fiscal plans. Higher taxes for every citizen and company are virtual guarantees and will be an inhibitor to meaningful recovery and growth.  

Sam TimpanoPresidentSam Timpano & Associates

100 Days to Nowhere

April 29, 2009

Analysis of:One hundred | www.nytimes.com

This administrations' first 100 days have been a failure. The media in America cannot afford to objectively judge this President as their credibility now rests on the false buildup and hype they invested in his election. America is going to be irrevocably changed by this administration and there is little being done at the moment to resist this change. The Republican party is not doing enough to combat this change and are being further marginalized to an extremely dangerous position that will open the door to an even more dangerous paradigm shift in Americas' position in the world. The citizens must now get involved, informed and vocal about this dangerous shift.

Sam TimpanoPresidentSam Timpano & Associates

And there really are unicorns and if you see one you will live forever

April 23, 2009

Analysis of:Obama: Earth Day Speech Touts Green Jobs, Cap-and-Trade | blogs.wsj.com

The "green economy" has the potential to produce significant job growth but the Cap-and-Trade portion of this plan is failed. Cap-and-Trade is a reward for irresponsible behavior and will not remove one ounce of CO2 from the atmosphere. This is a system ripe for manipulation and corruption. It will actually increase prices and could serve to limit the value of the alternative energy initiative and job creation.

Sam TimpanoPresidentSam Timpano & Associates

Used tires are both fuel and solid waste. The cloud on this issue is more in the minds of environmentalists than rational people.

April 20, 2009

Analysis of:Are Old Tires Fuel or Solid Waste? - Green Inc. Blog - NYTimes.com | greeninc.blogs.nytimes.com

Used tires, along with used plastic containers, used aluminum cans and a host of other manufactured good are at the same time fuel and recycled feedstocks as well as solid waste and are important parts of the energy/environmental equation. They are a substantial risk to the environment if not properly disposed of and are a hazardous waste if left to landfills or "used tire mountains" exposed to the environment. Used tires have a place in the whole business of recycling and environmental responsibility.

George DorkhomExecutive ChairmanGREENKOTE PLC

Auto makers and the dinasourses

April 5, 2009

Analysis of:Chrysler Plan Trims Fiat's Stake, Cuts Out Cerberus | online.wsj.com

The US car makers ,especially GM and Chrysler, have caused self inflicting injuries on their operations and other orgnizations that work with them and for them. , I have written in the fall of 2008 about the ultimate need for GM and Chrysler to file for chapter 11 and reorganize under the supervision of the court and have then explained the merits of filing and how fitting these companies' circumstances to such filing. My article was not that popluar at the time ,because I think the auto industry insiders are and still in denial with the arrogance that how could it be possible that GM is in Bankruptcy ? well it is possible and if this was done early on, we the tax payers would not have to throw good money after bad money , and also the bleeding would  perhaps have stopped ..sort off.Chapter 11 to flush out the old GM and Chrysler and emerge as a new, strong, leaner and perhaps smaller companies is the answer,  of course with a different management team that know the real world.

Michele AcerraIndependent ConsultantMichele Acerra

Refinery project postponements, cancellations and a long-term energy strategy.

March 20, 2009

Analysis of:Poor market delays completion of refinery expansion | www.chron.com

Motiva will delay by more than a year the date for completing a $7 billion expansion of its Port Arthur refinery, becoming the latest U.S. refiner to postpone a project amid bleak market conditions. Valero, ConocoPhillips and Marathon Oil, have also announced delays and suspensions of refinery upgrade projects. This is not only a domestic phenomenon: Oman has placed on hold their Duqm refinery and petrochemical complex, and Saudi Aramco has delayed the Jubail and Yambu refineries and the Swedish refiner Preem AB announced today that is holding its coker project at Lysekil.  Is it all doom and gloom? Not really. In the oil & gas and refining industries management should have a long term vision and many projects are going forward pursuing long-term strategies. It is meaningful that, on the same day of the announcement of the Port Arthur refinery project, Shell announced $31 billion 2009 investments.

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