GLG News by Oil and Gas Pipeline Experts

Sam TimpanoPresidentSam Timpano & Associates

Biofuels from food chain crops is not a viable nor sustainable business for any reason.

October 28, 2008

Analysis of:Reviewing biofuel policies and subsidies | www.fao.org

The author of this article in the FAO newsletter is far behind times, as are most bureacratic analysts, especially at the United Nations. This issue is for the most part well settled and the answer to the question is a categoric "No". Food chain crops should not be used as feedstock for biofuels and businesses operating in that sector will fail and there is no real model that would convince anyone that these businesses are sustainable over the long term. Removed from this to a certain extent is sugarcane, which in certain instances and locations is a sustainable and viable business.

Sam TimpanoPresidentSam Timpano & Associates

Looking in the rearview mirror will guarantee a crash, but, poor vision and steering to the front will as well

October 27, 2008

Analysis of:Bracing for a Storm | www.washingtonpost.com

Most of the world has missed a major paradigm shift that is still not clear enough to most "drivers" to avoid major collisions in the future. The historical economic models have not been properly updated to account for this new paradigm and the factors of the new model are going to permanently change how the world is viewed. Alan Greenspans' admission that his 40 plus year model and view of the world was flawed should make everyone perform a serious rethink on their world view as well.

Sam TimpanoPresidentSam Timpano & Associates

Deeper issues determine Russian participation with OPEC

October 24, 2008

Analysis of:OPEC tests prospect of a cut in Russian oil production | www.iht.com

Russia has several issues of significance that keep them from becoming a major participant in OPEC price support efforts. This article does not take into account these macor-economic and geopolitical issues.

Sam TimpanoPresidentSam Timpano & Associates

Time is ripe for a new paradigm in crude pricing policy

October 20, 2008

Analysis of:OPEC calls emergency meeting as oil prices plummet | www.iht.com

The current slide in crude prices, casualty of the global financial and credit crisis, should serve as a harbinger to producers that there is a need for a shift in how they manage production and pricing. The current pricing mechanisms used based upon existing markets in the US and Europe exposes these producers to a level of risk due to outside, non-aligned interests and speculators that should be the centerpiece of their upcoming meetings. Production cuts and investment into new production will certainly be cut back, but, if the producer nations can accept the lessons of the past, they will not rely on this lever to be what brings stability to pricing.

Sam TimpanoPresidentSam Timpano & Associates

Demand is only a small part of this current price drop in crude

October 13, 2008

Analysis of:Oil price drops below $78 a barrel | www.iht.com

While it is logical to expect that the demand for crude has and will continue to fall as the worldwide economic slowdown continues, the current levels of decline are not related to that fundamental part of the equation. Massive hedge fund and speculator margin calls are more responsible for the forced selling that has deepened and accelerate the price declines we have seen these past 10 trading sessions.

George DorkhomExecutive ChairmanGREENKOTE PLC

Not so fast either...outsourcing continues

October 8, 2008

Analysis of:Is Outsourcing to China Over? | www.inc.com

The writer of the article is seemingly unware of the trends that are taking place in outsourcing to low cost producing countries, including China and India and has not been following the apparent trends that are shifting the landscape not only for large manufacturing companies but even the mid sized and the smaller , these do not only include metal bending but also engineering brains beyond IT.

Sam TimpanoPresidentSam Timpano & Associates

Oil prices did not "soar over doubts about bailout plan" as this author states.

September 29, 2008

Analysis of:Oil prices soar over doubts about rescue plan | www.iht.com

The spike in oil prices on Monday was as far removed from the doubt on the Treasury's Plan as this author happens to be from a true understanding of crude trading. The only reason for the spike is what every novice trader who has ever stepped onto a trading floor knows--- a short squeeze on an expiring contract in the futures market. 

Sam TimpanoPresidentSam Timpano & Associates

The first issue is to characterize the Treasury Plan as a bailout. It is not that at all.

September 29, 2008

Analysis of:Everybody Calm Down. A Government Hand In the Economy Is as Old as the Republic. | www.washingtonpost.com

With all due respect to the author, Washington is not the appropriate President to site as the authority that foresaw the current financial and economic issues we are facing today. Nor would many other Presidents be good examples. Not, Kennedy, nor Carter, nor Regan or even Clinton. In point of fact, each of these Presidents had no idea of where our financial system was moving, nor the implications of what "innovative financial engineering" was producing in the 20th and 21st century in which America lead the world. While Secretary Paulson has done a great job in creating a program that would address the needs of the global markets facing this potential meltdown of the US financial system, he is perhaps the worst "dog and pony show" man ever to have had to make a presentation to a not so intelligent audience.

Sam TimpanoPresidentSam Timpano & Associates

There is no problem here for AIG nor risk to Airbus, Boeing or others

September 24, 2008

Analysis of:AIG draws up list of assets for sale in attempt to prevent nationalisation | business.timesonline.co.uk

AIG has sufficient assets to manage all of it's businesses effectively and efficiently. They also have more than adequate capability to buy itself back, if you like, from the US Treasury in short order. All of this is dependent upon the current stabilization plan presented by Treasury and the Fed to Congress is approved and implemented in a timely fashion.

Sam TimpanoPresidentSam Timpano & Associates

Federal and Exchange regulators are at fault as are the "Short Sell Raiders"

September 18, 2008

Analysis of:Stocks volatile amid uncertainty | news.bbc.co.uk

There are two primary failures that have produced these "death spirals" of the financial institutions in the US and affecting others across the globe.   On top of the lax oversight at the institutions themselves and the ever aggressive creation of instruments and derivatives, the following regulation lapses are key to the problem and to resolving the problem.   The mark to market rules put in place following the Enron debacle and the removal of the rules governing short sellers on the Exchanges

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