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Rt.66
ParticipantBoy that next foreclosure wave is really building momentum huh?
Why anybody with eyeballs and access to a computer would ever consider buying a home now is lost on me.
Here is a very good article that explains why the banks are sitting on a mountain of REOs creating a very odd and dangerous RE market to particpate in:
http://market-ticker.denninger.net/archives/1170-Toxic-Assets-PPIP-Death-Rattle.html
The mountain of REOs from the previous foreclosure tsunamis are lingering on bank books, sitting empty while the REO mountain continues to get bigger and bigger.
Buying today is tantamount to believing these houses will linger on fetid bank books and remain empty forever.
ParticipantBoy that next foreclosure wave is really building momentum huh?
Why anybody with eyeballs and access to a computer would ever consider buying a home now is lost on me.
Here is a very good article that explains why the banks are sitting on a mountain of REOs creating a very odd and dangerous RE market to particpate in:
http://market-ticker.denninger.net/archives/1170-Toxic-Assets-PPIP-Death-Rattle.html
The mountain of REOs from the previous foreclosure tsunamis are lingering on bank books, sitting empty while the REO mountain continues to get bigger and bigger.
Buying today is tantamount to believing these houses will linger on fetid bank books and remain empty forever.
ParticipantBoy that next foreclosure wave is really building momentum huh?
Why anybody with eyeballs and access to a computer would ever consider buying a home now is lost on me.
Here is a very good article that explains why the banks are sitting on a mountain of REOs creating a very odd and dangerous RE market to particpate in:
http://market-ticker.denninger.net/archives/1170-Toxic-Assets-PPIP-Death-Rattle.html
The mountain of REOs from the previous foreclosure tsunamis are lingering on bank books, sitting empty while the REO mountain continues to get bigger and bigger.
Buying today is tantamount to believing these houses will linger on fetid bank books and remain empty forever.
ParticipantBoy that next foreclosure wave is really building momentum huh?
Why anybody with eyeballs and access to a computer would ever consider buying a home now is lost on me.
Here is a very good article that explains why the banks are sitting on a mountain of REOs creating a very odd and dangerous RE market to particpate in:
http://market-ticker.denninger.net/archives/1170-Toxic-Assets-PPIP-Death-Rattle.html
The mountain of REOs from the previous foreclosure tsunamis are lingering on bank books, sitting empty while the REO mountain continues to get bigger and bigger.
Buying today is tantamount to believing these houses will linger on fetid bank books and remain empty forever.
ParticipantTG, I still think CNG is a good step in the right direction and can easily and quickly be put in place, but I agree that Hydrogen should be the ultimate goal. You make a great point about a moon shot effort; why can’t we do that today?
A San Diego firm built a High Temperature Nuke Reactor I think in the 70s or 80s. It had issues so it closed, but it was safe and it worked. I remember reading not too long ago that they have improved the technology, perfecting it and would love to build some VHTRs.
Very High Temperature Nuke Reactors (VHTR) are a multi-pronged problem solver for So Cal especially. They can be configured to multi-task. So Cal needs what?
1 Fresh water (bonus is that it takes pressure off Colorado River farmers to sell water so they can instead grow food crops)
2 We need affordable electricity
3 What better place for the birth of a Hydrogen city/s? So Cal’s mix of high tech folks and contractors and every worker in-between would benefit greatly. Jobs of all kinds are exactly what we need right now.
VHTRs can generate electricity and Hydrogen at the same time. They can be made to switch from Hydrogen production to desalination duties. How dumb is that we over-draw the Colorado River and lake system to feed cities positioned on the water (Pacific)?
This I think, makes the hydrogen dream feasible because generating hydrogen becomes a byproduct of generating electricity, making hydrogen cheap and available?
If I was in charge making this today’s “moon shot” effort would be priority one!
ParticipantTG, I still think CNG is a good step in the right direction and can easily and quickly be put in place, but I agree that Hydrogen should be the ultimate goal. You make a great point about a moon shot effort; why can’t we do that today?
A San Diego firm built a High Temperature Nuke Reactor I think in the 70s or 80s. It had issues so it closed, but it was safe and it worked. I remember reading not too long ago that they have improved the technology, perfecting it and would love to build some VHTRs.
Very High Temperature Nuke Reactors (VHTR) are a multi-pronged problem solver for So Cal especially. They can be configured to multi-task. So Cal needs what?
1 Fresh water (bonus is that it takes pressure off Colorado River farmers to sell water so they can instead grow food crops)
2 We need affordable electricity
3 What better place for the birth of a Hydrogen city/s? So Cal’s mix of high tech folks and contractors and every worker in-between would benefit greatly. Jobs of all kinds are exactly what we need right now.
VHTRs can generate electricity and Hydrogen at the same time. They can be made to switch from Hydrogen production to desalination duties. How dumb is that we over-draw the Colorado River and lake system to feed cities positioned on the water (Pacific)?
This I think, makes the hydrogen dream feasible because generating hydrogen becomes a byproduct of generating electricity, making hydrogen cheap and available?
If I was in charge making this today’s “moon shot” effort would be priority one!
ParticipantTG, I still think CNG is a good step in the right direction and can easily and quickly be put in place, but I agree that Hydrogen should be the ultimate goal. You make a great point about a moon shot effort; why can’t we do that today?
A San Diego firm built a High Temperature Nuke Reactor I think in the 70s or 80s. It had issues so it closed, but it was safe and it worked. I remember reading not too long ago that they have improved the technology, perfecting it and would love to build some VHTRs.
Very High Temperature Nuke Reactors (VHTR) are a multi-pronged problem solver for So Cal especially. They can be configured to multi-task. So Cal needs what?
1 Fresh water (bonus is that it takes pressure off Colorado River farmers to sell water so they can instead grow food crops)
2 We need affordable electricity
3 What better place for the birth of a Hydrogen city/s? So Cal’s mix of high tech folks and contractors and every worker in-between would benefit greatly. Jobs of all kinds are exactly what we need right now.
VHTRs can generate electricity and Hydrogen at the same time. They can be made to switch from Hydrogen production to desalination duties. How dumb is that we over-draw the Colorado River and lake system to feed cities positioned on the water (Pacific)?
This I think, makes the hydrogen dream feasible because generating hydrogen becomes a byproduct of generating electricity, making hydrogen cheap and available?
If I was in charge making this today’s “moon shot” effort would be priority one!
ParticipantTG, I still think CNG is a good step in the right direction and can easily and quickly be put in place, but I agree that Hydrogen should be the ultimate goal. You make a great point about a moon shot effort; why can’t we do that today?
A San Diego firm built a High Temperature Nuke Reactor I think in the 70s or 80s. It had issues so it closed, but it was safe and it worked. I remember reading not too long ago that they have improved the technology, perfecting it and would love to build some VHTRs.
Very High Temperature Nuke Reactors (VHTR) are a multi-pronged problem solver for So Cal especially. They can be configured to multi-task. So Cal needs what?
1 Fresh water (bonus is that it takes pressure off Colorado River farmers to sell water so they can instead grow food crops)
2 We need affordable electricity
3 What better place for the birth of a Hydrogen city/s? So Cal’s mix of high tech folks and contractors and every worker in-between would benefit greatly. Jobs of all kinds are exactly what we need right now.
VHTRs can generate electricity and Hydrogen at the same time. They can be made to switch from Hydrogen production to desalination duties. How dumb is that we over-draw the Colorado River and lake system to feed cities positioned on the water (Pacific)?
This I think, makes the hydrogen dream feasible because generating hydrogen becomes a byproduct of generating electricity, making hydrogen cheap and available?
If I was in charge making this today’s “moon shot” effort would be priority one!
ParticipantTG, I still think CNG is a good step in the right direction and can easily and quickly be put in place, but I agree that Hydrogen should be the ultimate goal. You make a great point about a moon shot effort; why can’t we do that today?
A San Diego firm built a High Temperature Nuke Reactor I think in the 70s or 80s. It had issues so it closed, but it was safe and it worked. I remember reading not too long ago that they have improved the technology, perfecting it and would love to build some VHTRs.
Very High Temperature Nuke Reactors (VHTR) are a multi-pronged problem solver for So Cal especially. They can be configured to multi-task. So Cal needs what?
1 Fresh water (bonus is that it takes pressure off Colorado River farmers to sell water so they can instead grow food crops)
2 We need affordable electricity
3 What better place for the birth of a Hydrogen city/s? So Cal’s mix of high tech folks and contractors and every worker in-between would benefit greatly. Jobs of all kinds are exactly what we need right now.
VHTRs can generate electricity and Hydrogen at the same time. They can be made to switch from Hydrogen production to desalination duties. How dumb is that we over-draw the Colorado River and lake system to feed cities positioned on the water (Pacific)?
This I think, makes the hydrogen dream feasible because generating hydrogen becomes a byproduct of generating electricity, making hydrogen cheap and available?
If I was in charge making this today’s “moon shot” effort would be priority one!
ParticipantFlu, CA taxes diesel 8.1 cents more than gasoline, add in about 8 cents a gallon refining cost for Gov. mandated ULSD and you get 16 cents. But, the Gov. mandated ULSD also creates the supply problems that add further to diesel cost:
“The phase-in of the U.S. Environmental Protection Agency’s (EPA) sulfur standards for diesel fuels has the potential to continue to influence diesel fuel prices. The logistics of delivery of ULSD to retail service stations can be a challenge. Most ULSD travels through pipelines on the way to bulk terminals for final transfer by tanker truck to retail stations. Other diesel fuels and petroleum products with a higher-sulfur content in the pipeline, storage, and local distribution systems might contaminate ULSD (jet fuel, for example, can have 3,000 ppm of sulfur). If contaminated, it may not be possible to correct a ULSD fuel batch by blending with additional low-sulfur product, and contaminated batches have to be returned to a refinery for reprocessing, a difficult and expensive problem. Even without potential delivery problems, it costs relatively more to produce ULSD fuel. “ http://www.eia.doe.gov/bookshelf/brochures/diesel/
I guess I should have said fuel taxes AND other Gov. caused expenses.
Yeah, “historically” diesel has been cheaper, just not in recent times. Diesel should be a lot cheaper always as it takes much less processing to make.
Diesel fuel is blessed with a lubricating quality that gasoline lacks. This is one of the reasons behind the success and longevity of diesel engines.
ULSD refines the natural lubricants out and then refiners must add back in chemicals to restore the lubricity. Would any of us be surprised if 5 years down the road we discover the “new” additives pollute more than the natural diesel lubricant they must now refine out?
ParticipantFlu, CA taxes diesel 8.1 cents more than gasoline, add in about 8 cents a gallon refining cost for Gov. mandated ULSD and you get 16 cents. But, the Gov. mandated ULSD also creates the supply problems that add further to diesel cost:
“The phase-in of the U.S. Environmental Protection Agency’s (EPA) sulfur standards for diesel fuels has the potential to continue to influence diesel fuel prices. The logistics of delivery of ULSD to retail service stations can be a challenge. Most ULSD travels through pipelines on the way to bulk terminals for final transfer by tanker truck to retail stations. Other diesel fuels and petroleum products with a higher-sulfur content in the pipeline, storage, and local distribution systems might contaminate ULSD (jet fuel, for example, can have 3,000 ppm of sulfur). If contaminated, it may not be possible to correct a ULSD fuel batch by blending with additional low-sulfur product, and contaminated batches have to be returned to a refinery for reprocessing, a difficult and expensive problem. Even without potential delivery problems, it costs relatively more to produce ULSD fuel. “ http://www.eia.doe.gov/bookshelf/brochures/diesel/
I guess I should have said fuel taxes AND other Gov. caused expenses.
Yeah, “historically” diesel has been cheaper, just not in recent times. Diesel should be a lot cheaper always as it takes much less processing to make.
Diesel fuel is blessed with a lubricating quality that gasoline lacks. This is one of the reasons behind the success and longevity of diesel engines.
ULSD refines the natural lubricants out and then refiners must add back in chemicals to restore the lubricity. Would any of us be surprised if 5 years down the road we discover the “new” additives pollute more than the natural diesel lubricant they must now refine out?
ParticipantFlu, CA taxes diesel 8.1 cents more than gasoline, add in about 8 cents a gallon refining cost for Gov. mandated ULSD and you get 16 cents. But, the Gov. mandated ULSD also creates the supply problems that add further to diesel cost:
“The phase-in of the U.S. Environmental Protection Agency’s (EPA) sulfur standards for diesel fuels has the potential to continue to influence diesel fuel prices. The logistics of delivery of ULSD to retail service stations can be a challenge. Most ULSD travels through pipelines on the way to bulk terminals for final transfer by tanker truck to retail stations. Other diesel fuels and petroleum products with a higher-sulfur content in the pipeline, storage, and local distribution systems might contaminate ULSD (jet fuel, for example, can have 3,000 ppm of sulfur). If contaminated, it may not be possible to correct a ULSD fuel batch by blending with additional low-sulfur product, and contaminated batches have to be returned to a refinery for reprocessing, a difficult and expensive problem. Even without potential delivery problems, it costs relatively more to produce ULSD fuel. “ http://www.eia.doe.gov/bookshelf/brochures/diesel/
I guess I should have said fuel taxes AND other Gov. caused expenses.
Yeah, “historically” diesel has been cheaper, just not in recent times. Diesel should be a lot cheaper always as it takes much less processing to make.
Diesel fuel is blessed with a lubricating quality that gasoline lacks. This is one of the reasons behind the success and longevity of diesel engines.
ULSD refines the natural lubricants out and then refiners must add back in chemicals to restore the lubricity. Would any of us be surprised if 5 years down the road we discover the “new” additives pollute more than the natural diesel lubricant they must now refine out?
ParticipantFlu, CA taxes diesel 8.1 cents more than gasoline, add in about 8 cents a gallon refining cost for Gov. mandated ULSD and you get 16 cents. But, the Gov. mandated ULSD also creates the supply problems that add further to diesel cost:
“The phase-in of the U.S. Environmental Protection Agency’s (EPA) sulfur standards for diesel fuels has the potential to continue to influence diesel fuel prices. The logistics of delivery of ULSD to retail service stations can be a challenge. Most ULSD travels through pipelines on the way to bulk terminals for final transfer by tanker truck to retail stations. Other diesel fuels and petroleum products with a higher-sulfur content in the pipeline, storage, and local distribution systems might contaminate ULSD (jet fuel, for example, can have 3,000 ppm of sulfur). If contaminated, it may not be possible to correct a ULSD fuel batch by blending with additional low-sulfur product, and contaminated batches have to be returned to a refinery for reprocessing, a difficult and expensive problem. Even without potential delivery problems, it costs relatively more to produce ULSD fuel. “ http://www.eia.doe.gov/bookshelf/brochures/diesel/
I guess I should have said fuel taxes AND other Gov. caused expenses.
Yeah, “historically” diesel has been cheaper, just not in recent times. Diesel should be a lot cheaper always as it takes much less processing to make.
Diesel fuel is blessed with a lubricating quality that gasoline lacks. This is one of the reasons behind the success and longevity of diesel engines.
ULSD refines the natural lubricants out and then refiners must add back in chemicals to restore the lubricity. Would any of us be surprised if 5 years down the road we discover the “new” additives pollute more than the natural diesel lubricant they must now refine out?
ParticipantFlu, CA taxes diesel 8.1 cents more than gasoline, add in about 8 cents a gallon refining cost for Gov. mandated ULSD and you get 16 cents. But, the Gov. mandated ULSD also creates the supply problems that add further to diesel cost:
“The phase-in of the U.S. Environmental Protection Agency’s (EPA) sulfur standards for diesel fuels has the potential to continue to influence diesel fuel prices. The logistics of delivery of ULSD to retail service stations can be a challenge. Most ULSD travels through pipelines on the way to bulk terminals for final transfer by tanker truck to retail stations. Other diesel fuels and petroleum products with a higher-sulfur content in the pipeline, storage, and local distribution systems might contaminate ULSD (jet fuel, for example, can have 3,000 ppm of sulfur). If contaminated, it may not be possible to correct a ULSD fuel batch by blending with additional low-sulfur product, and contaminated batches have to be returned to a refinery for reprocessing, a difficult and expensive problem. Even without potential delivery problems, it costs relatively more to produce ULSD fuel. “ http://www.eia.doe.gov/bookshelf/brochures/diesel/
I guess I should have said fuel taxes AND other Gov. caused expenses.
Yeah, “historically” diesel has been cheaper, just not in recent times. Diesel should be a lot cheaper always as it takes much less processing to make.
Diesel fuel is blessed with a lubricating quality that gasoline lacks. This is one of the reasons behind the success and longevity of diesel engines.
ULSD refines the natural lubricants out and then refiners must add back in chemicals to restore the lubricity. Would any of us be surprised if 5 years down the road we discover the “new” additives pollute more than the natural diesel lubricant they must now refine out?
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