Hydrogen, our savior?

Hydrogen, our savior. The ultimate solution to greatly reduce our needs for fossil fuels. So, here’s my rant.

Hydrogen is by far the most abundant property in the universe, note: the universe. So how do we get hydrogen? Well, we have some options, we can send up the space shuttle to scoop it up in space with a yet to be invented hydrogen scooper. But since it costs around $10,000 per pound to send something into space, that wouldn’t be to economical. Our next option would be to revert to our favorite 8th grade science experiment. The Hoffman Apperatus, but build tens of thousands on a very masive scale. Now, to run those, you’ll need electricity. Hmmm, how do we make electricity? We have nuclear power, but we have this little issue about what to do with all that waste. Oh, we’ll just increase our oil, coal and gas consumption to generate the electricity to make hydrogen for our vehicles that will reduce our oil consumption.

Guess where I’m going with this is that we need a full, compete national energy policy where the private sector and our government work hand in hand to crate a solution. Not just a bunch of corporations looking for further government welfare to help their bottom line, and milk out as much as possible from our infrastructure before it collapses.

I’m a proponent of nuclear power, and with all the scientists in the world, I’m sure if they actually checked their egos at the door and tackled this problem, we could truly have something for nothing. Unlimited power and fuels, with little or no pollution and waste. Think about it, is it really that unrealistic to have a country that generates 100% of their electricity from nuclear power? Don’t the French do that today, or are close to it?

The Hidden Benefits of China's Shopping Spree

This is a reprint from a Google News article. I felt it was best to repost it here as it’s a very good perspective, in my opinion, on the different cultures for corporate aquisitions. Foreign investors look for distressed companies to purchase on the cheap, then invest in them. We Americans on the other hand, just look for companies we can flip over and drain until someone gets holding the bag …

Now, as far as the sale of Unocal, this ought to be a wakeup call. China is a rapidly growing country which requires energy. Someday, they will be competing head to head with the United States for oil reserves. And since we are more distrusted around the world (thanks Mr. President) than they are, they’re likely to fair pretty well in acquiring their needed reserves.

So what about our energy policy? What is our energy policy? While everyone is trying to find out what Dick Cheney’s meetings were about with energy companies, no need, I can fill you in right here. Simple, our energy plan is to allow energy companies to explore and drill on federal lands at no cost to them, and have the bill footed by the taxpayer. Case in point, just recently, our president outlined a plan where some closed military bases wold be converted to processing plants to help with capacity output. Hmmm, I wonder who is paying for those conversions. Anyway, read on…..

By ANDREW ROSS SORKIN
Published: June 26, 2005

REMEMBER when people worried that an Asian country would buy everything in the American economy that wasn’t nailed down? Well, those complaints are coming back, except that the nation doing the buying is China, not Japan.
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Illustration by The New York Times

With the China National Offshore Oil Corporation’s $18.5 billion unsolicited bid for Unocal last week, Washington bigwigs and corner-office executives are making their wrinkle lines worse fretting that the Chinese may buy another slice of America.

Some cringing began earlier in the week, when the Haier Group, one of China’s biggest companies, bid to acquire the Maytag Corporation, the appliance maker, for about $1.3 billion, surpassing an offer from a group of American investors. Add to that Lenovo’s recent $1.75 billion acquisition of I.B.M.’s legendary personal computing business, and some would have you believe that we should be in full panic mode.

While there are clearly important foreign policy and trade questions raised by China’s emergence as a deal maker in the United States, it is less clear that these deals – and others that will surely follow – are as problematic as they may appear at first.

Many deals with Chinese companies – and, by extension, the Chinese government – may actually help the United States economy, just as China has helped prop up the nation by buying Treasury bonds en masse.

Indeed, so far, the businesses in which China has taken an interest could be categorized as “least likely to succeed.” And the Chinese may eventually revive them.

Look at Maytag. That struggling company is a business that no other strategic rival in the world – yes, the entire world – was prepared to bid on. Before Haier expressed interest, the only potential buyer was a consortium of private equity players led by Ripplewood Holdings of New York. And what do you think they would likely have done with the company? The Maytag repairman would almost certainly have lost his job, along with dozens if not hundreds of others until the private equity group trimmed enough costs that it could take some cash out by flipping the business to another private equity team. This hot-potato game might have gone on for a decade or two until the company was milked of its very last dollar.

Haier, on the other hand, wants Maytag for its brand and its managers’ experience, so it can have some help building the business. While Haier is also likely to cut jobs, pink slips will probably come much slower in the United States. And the Maytag brand, its culture and legacy will probably live on much longer.

Wall Street bankers who have been plying the Kennedy Airport-Beijing route say the Chinese are expected to come searching for more underperformers in the United States. Not so much for their current business prospects, but for the overnight brand awareness and legitimacy they lend. Just as important, they want American managements and their institutional memory to help guide them.

The sale of I.B.M.’s PC business to Lenovo, which also had some of those Washingtonians in a huff talking about national security issues, is a perfect example of a deal in which a Chinese company wanted American management and skill. After all, the product itself – I.B.M.’s PC – was going nowhere fast.

And if these companies are really going to die anyway, the Chinese will be left holding the bag.

To be fair, the bid by CNOOC, as the Chinese oil company is called, is considerably more complicated. But at base, lawmakers and investors should remember that despite Unocal’s history – it was founded in 1890 as the Union Oil Company of California – it is already more Asian than “made in America.” About 73 percent of its proven natural-gas reserves are in Asia. And if CNOOC acquired Unocal, it “would not increase energy flows to the Chinese market, because most of Unocal’s upstream assets are locked up by long-term contracts to supply other regional markets,” according to Jason Kindopp, an analyst at the Eurasia Group.

And then there is the even more basic argument about capitalism. “U.S. oil companies need to play on an equal playing field around the world,” said Larry Goldstein, president of the Petroleum Industry Research Foundation. “The prospects of that happening are diminished if the U.S. government interferes in a deal like this,” he said.

Mr. Kindopp makes the point even stronger, with a slight twist: “The main long-term risk is if the economic nationalism driving Beijing’s quest for energy becomes the norm, compelling Washington, Tokyo, New Dehli and others to adopt an equally strategic view of energy security.”

But in the end, the Washington brow-furrowers probably won’t need that Botox anyway: Chevron, not CNOOC, is likely to win Unocal.

Chevron, whose earlier $16.4 billion bid for Unocal was topped by CNOOC, is likely to prevail with that lower bid. Investors, you see, are likely to side with Chevron, not because they are xenophobic but because they most certainly hate political uncertainty.

DealBook covers the news of deals daily by e-mail. A free subscription is available at nytimes.com/dealbook.

SCO does a 180 on their GPL standpoint

From the Openserver v6 announcement

“In addition to supporting numerous UNIX applications, as well as Java applications with the inclusion of Java 1.4.2, customers will also find thousands of additional applications available through many of the latest Open Source technologies that are integrated into SCO OpenServer 6. This includes the latest versions of the MySQL and PostgreSQL databases, Apache Web server, Mozilla browser, Tomcat Java servlet container, Samba file and print services, and many others. In addition, SCO OpenServer customers can use the familiar OpenServer desktop or use the KDE3-based desktop environment. SCO OpenServer 6 also supports the Firefox browser and OpenOffice suite of applications.”

Wasn’t this the company that fought so feverishly against the GPL?

Welcome to the 419 Eater

Fighting back on the scammers. Growing in popularity, scambaiting networks are popping up to combat scammers that send email promising big money if help get funds out of their country. What’s now interesting is that various law enforcement organizations are seeing value in these grass root efforts. Welcome to the 419 Eater

Welcome to Oceania – extension of BB

The U.S. Department of Justice still dreams of a Total Surveillance State. News.com reports the agency is considering new data retention legislation that would require Internet service providers to retain records of their customers’ online behavior.

He who controls access to information…..controls

Full story and blog here