Warren Buffett questions LNG Exports - GoHaynesvilleShale.com2024-03-29T08:19:37Zhttps://gohaynesvilleshale.com/forum/topics/warren-buffett-questions-lng-exports?commentId=2117179%3AComment%3A3327912&feed=yes&xn_auth=noScrew Buffett! Europe is pay…tag:gohaynesvilleshale.com,2014-07-03:2117179:Comment:33355122014-07-03T20:32:42.723ZJoe Ringhttps://gohaynesvilleshale.com/profile/JoeRing
<p>Screw Buffett! Europe is paying $13.00/thousand for gas!!! Even Saudi Arabia may be an importer. Buffett probably has a lot of BS Renewables Stock!!</p>
<p>Screw Buffett! Europe is paying $13.00/thousand for gas!!! Even Saudi Arabia may be an importer. Buffett probably has a lot of BS Renewables Stock!!</p> Probably all of these laws ha…tag:gohaynesvilleshale.com,2014-06-28:2117179:Comment:33310562014-06-28T15:39:21.580Zw.r. frankhttps://gohaynesvilleshale.com/profile/wrfrank
<p>Probably all of these laws have an impact. I was just correcting the 9th grader who was watching girls but grew up to get the right economics. In 1975, Gerald Ford was President and in 1973-74, Richard Nixon was President. Still trying to get the Carter-era language correct. I suspect the root cause of Congress CORRECTING a problem was the gas lines and ecomonic disruption of the Embargo. Price controls and barriers almost always produce unintended consequences from Congress fixing…</p>
<p>Probably all of these laws have an impact. I was just correcting the 9th grader who was watching girls but grew up to get the right economics. In 1975, Gerald Ford was President and in 1973-74, Richard Nixon was President. Still trying to get the Carter-era language correct. I suspect the root cause of Congress CORRECTING a problem was the gas lines and ecomonic disruption of the Embargo. Price controls and barriers almost always produce unintended consequences from Congress fixing problems. </p> It depends on which law. The…tag:gohaynesvilleshale.com,2014-06-26:2117179:Comment:33297692014-06-26T16:42:46.550Ztchttps://gohaynesvilleshale.com/profile/tc
<p>It depends on which law. The Energy Policy and Conservation Act was passed on Dec. 22, 1975 and it is this law that the media claims ban the export of crude oil.</p>
<p>From oil & gas journal. Congress banned exports of crude oil when it passed the Energy Policy and Conservation Act of after the Arab oil embargo of 1973-74. The law also extended oil-price controls, set vehicle fuel-use standards, and established the Strategic Petroleum Reserve.</p>
<p>It depends on which law. The Energy Policy and Conservation Act was passed on Dec. 22, 1975 and it is this law that the media claims ban the export of crude oil.</p>
<p>From oil & gas journal. Congress banned exports of crude oil when it passed the Energy Policy and Conservation Act of after the Arab oil embargo of 1973-74. The law also extended oil-price controls, set vehicle fuel-use standards, and established the Strategic Petroleum Reserve.</p> sir, thanks. i'd always heard…tag:gohaynesvilleshale.com,2014-06-26:2117179:Comment:33297602014-06-26T16:27:20.516Zjim weylandhttps://gohaynesvilleshale.com/profile/jimweyland
<p>sir, thanks. i'd always heard/believed it was president carter.</p>
<p>fwiw, in '69 i was in 9th grade at t.h. rogers jr high school. it doesn't excuse my ignorance, but in 9th grade i was way more interested in things(girls) other than civics/government affairs.</p>
<p>and, i agree it'll be the hottest of potatoes</p>
<p></p>
<p>sir, thanks. i'd always heard/believed it was president carter.</p>
<p>fwiw, in '69 i was in 9th grade at t.h. rogers jr high school. it doesn't excuse my ignorance, but in 9th grade i was way more interested in things(girls) other than civics/government affairs.</p>
<p>and, i agree it'll be the hottest of potatoes</p>
<p></p> Jim, I completely agree with…tag:gohaynesvilleshale.com,2014-06-26:2117179:Comment:33292192014-06-26T12:18:47.159Zw.r. frankhttps://gohaynesvilleshale.com/profile/wrfrank
<p>Jim, I completely agree with with you opinion of the correct economic decision. All bottlenecks produce pricing disruption (see Marcellus differentials and WTI/Brent spread). I would rather let the free market solve those (pipelines, terminals and ships). However, I think your calendar may be a little off when you say "due to some carter era law." I believe the law (Export Administration Act of 1969) was passed when the President was Richard Nixon and it gives the President the authority to…</p>
<p>Jim, I completely agree with with you opinion of the correct economic decision. All bottlenecks produce pricing disruption (see Marcellus differentials and WTI/Brent spread). I would rather let the free market solve those (pipelines, terminals and ships). However, I think your calendar may be a little off when you say "due to some carter era law." I believe the law (Export Administration Act of 1969) was passed when the President was Richard Nixon and it gives the President the authority to grant exemptions from the export ban. Here is the language:</p>
<p><span class="enumbell">(b)</span><span> </span><b class="labelleader">Condition precedent to exportation; express finding by President of no increase in reliance on imported oil or gas</b></p>
<div class="ptext-11">Before any oil or gas subject to this section may be exported under the requirements and provisions of the Export Administration Act of 1969, the President shall make and publish an express finding that such exports will not increase reliance on imported oil or gas, are in the national interest, and are in accord with the provisions of the Export Administration Act of 1969.</div>
<div class="ptext-11"></div>
<div class="ptext-11"><strong>Basically, every US President since 1969 (Nixon, Ford, Carter, Reagan, Bush 41, Clinton, Bush 43 and Obama-28 years of Republicans and 16.5 years of Democrats) have had the authority to deal with a free market approach. NONE has with the exception of minor exemptions.</strong> It will be a political hot potato</div> Buffet is a crony capitalist…tag:gohaynesvilleshale.com,2014-06-24:2117179:Comment:33279122014-06-24T14:52:14.757ZCheckmatekinghttps://gohaynesvilleshale.com/profile/JohnWilliams
<p>Buffet is a crony capitalist who bought the Burlington Northern railroad currently making a fortune shipping Bakken oil, pretty easy to decipher his intentions, follow the money. </p>
<p>Buffet is a crony capitalist who bought the Burlington Northern railroad currently making a fortune shipping Bakken oil, pretty easy to decipher his intentions, follow the money. </p> Essay---the design of the oil…tag:gohaynesvilleshale.com,2014-06-24:2117179:Comment:33277432014-06-24T12:58:04.787Zadubuhttps://gohaynesvilleshale.com/profile/adubu
Essay---the design of the oil tankers shape like a "Can" have been proven to contribute to the rupture on train crashs. A new safer design was recommended but Warren influenced Obama's Admininistration to delay Fed Regs due to cost of many Billions$$$ to replace the tanker train cars. We need pipelines to replace trains and trucks for oil transport. Cheaper and Safer.
Essay---the design of the oil tankers shape like a "Can" have been proven to contribute to the rupture on train crashs. A new safer design was recommended but Warren influenced Obama's Admininistration to delay Fed Regs due to cost of many Billions$$$ to replace the tanker train cars. We need pipelines to replace trains and trucks for oil transport. Cheaper and Safer. i question uncle warren's unc…tag:gohaynesvilleshale.com,2014-06-24:2117179:Comment:33277262014-06-24T06:18:12.159Zessayhttps://gohaynesvilleshale.com/profile/essay
<p>i question uncle warren's uncanny ability to leverage profits in industries that are highly regulated by the feds</p>
<p><a href="http://www.politico.com/story/2014/06/exploding-oil-trains-energy-environment-107966.html" target="_blank">http://www.politico.com/story/2014/06/exploding-oil-trains-energy-environment-107966.html</a></p>
<p>i question uncle warren's uncanny ability to leverage profits in industries that are highly regulated by the feds</p>
<p><a href="http://www.politico.com/story/2014/06/exploding-oil-trains-energy-environment-107966.html" target="_blank">http://www.politico.com/story/2014/06/exploding-oil-trains-energy-environment-107966.html</a></p> unfortunately, the answer to…tag:gohaynesvilleshale.com,2014-06-22:2117179:Comment:33265282014-06-22T14:54:38.057Zjim weylandhttps://gohaynesvilleshale.com/profile/jimweyland
<p>unfortunately, the answer to your question is, yes.</p>
<p>unfortunately, the answer to your question is, yes.</p> Thanks for posting this adubu…tag:gohaynesvilleshale.com,2014-06-22:2117179:Comment:33263392014-06-22T03:40:02.130ZHopeful About Natural Gashttps://gohaynesvilleshale.com/profile/HopefulAboutNaturalGas
<p>Thanks for posting this adubu. I have a couple of friends in the financial services industry who regard Buffett as a wise man whose advise should be followed to the letter. However, I am more contrarian and even geniuses are wrong sooner or later. I do think his holdings influence his PR and he clearly wants to save his 15 billion investment in alternative energy. I don't blame him for trying to save his $$.</p>
<p>Like Buffett, I also want to see renewable energy sources grow (and I am also…</p>
<p>Thanks for posting this adubu. I have a couple of friends in the financial services industry who regard Buffett as a wise man whose advise should be followed to the letter. However, I am more contrarian and even geniuses are wrong sooner or later. I do think his holdings influence his PR and he clearly wants to save his 15 billion investment in alternative energy. I don't blame him for trying to save his $$.</p>
<p>Like Buffett, I also want to see renewable energy sources grow (and I am also a stickler for really seeing how "green" certain rare metals are) If we had continued with R&D 30 years ago we could have been much further along. Of course, I usually say more research. It's what I do in my daily work (history) But, just imagine the US if we were wising using CNG and renewables.</p>
<p>I don't want to deplete our fossil fuel and water supplies and I don't want another generation dependent upon OPEC or any other cartel's oil. We need to control our own energy destiny and I want other peoples to be able to do the same thing.</p>
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