Wednesday, February 8, 2012

For Investors Only -- Three Oil and Gas E&P Companies for 2012 -- Seeking Alpha

Link here to SeekingAlpha.com.

The companies highlighted: CHK, Cabot, Whiting, El Paso, and Forest Oil.

Yes, I count five, but the headline was three. Maybe two were not being recommended; maybe I missed something.

3 comments:

  1. embraceyourinnerhillbillyFebruary 8, 2012 at 12:47 PM

    Bruce,

    Thought you'd like to see this.

    P~

    Earth's Polar Ice Melting Less Than Thought
    Better technology yields better data. The bad news is the extra water from 2003-2010 would fill Lake Erie eight times
    By Jason Koebler

    February 8, 2012 RSS Feed Print Nearly 230 billion tons of ice is melting into the ocean from glaciers, ice caps, and mountaintops annually—which is actually less than previous estimates, according to new research by scientists at the University of Colorado, Boulder.

    If the amount of ice lost between 2003 and 2010 covered the United States, the whole country would be under one-and-a-half feet of water, or it'd fill Lake Erie eight times, researchers say. Ocean levels worldwide are rising about six tenths of an inch per year, according to researcher John Wahr.

    While vast quantities of ice melting into the ocean is not exactly good news, Wahr says, according to his team's estimates, about 30 percent less ice is melting than previously thought.

    The team used data from the Gravity Recovery and Climate Experiment satellite, which was launched as a joint project between NASA and Germany in 2002. The GRACE satellite measures gravity, which is related to mass, in 20 distinct regions worldwide. Wahr says that gives the team more accurate estimates, because previous teams had to measure ice loss at "a few easily accessible glaciers" and then extrapolate it to the 200,000 glaciers worldwide.

    "It's tough to get an estimate [with previous methods]," he says.

    With GRACE, the team can measure wide swaths of the earth, giving them a more complete picture. "It was time to do a complete global inventory," he says. Although the team used eight years of GRACE's data, Wahr says it's important to realize that melting patterns are hard to predict.

    "Even with an eight-year estimate, it's not clear how far into the future you can project," he says. "A lot of people want to predict into the end of the century, but I think it's too dangerous to do that … We don't have enough info to know what'll happen. There's some ebb and flow to these things."

    http://www.usnews.com/news/articles/2012/02/08/earths-polar-ice-melting-less-than-thought

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    Replies
    1. Thank you. I've linked this over at my "Global Warming Center, 2011 - 2012," something to read a few years from.

      If oceans have been rising at the rate of one inch/year for the past 20 years, almost 24 inches, I would expect some photographic coverage in the National Geographic.

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    2. More water in the ocean, I suppose, helps dilute those oil spills.

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