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trying to coordinate a slew of gas end users (especially risk adverse utilities) to get them to make an investment in exchange for future gas from a historically unreliable source (Iran/Russia) is something I'd like to watch.  

Sounds a bit like the Iranian Oil Bourse.  Still a figment of imagination.

by HiD on Thu Nov 13th, 2008 at 04:58:02 AM EST
[ Parent ]
Ask Jerome how unreliable Russia is.

And what's unreliable about Qatar?

Come to that, when did Iran last default on a contract?

If gas producer and consumer states get behind it, it could happen. If they don't, it won't.

As for the Iran Oil Bourse, what happened to that was nothing to do with me. The Oil Ministry didn't want it, so it never happened - or rather it did happen as a spreadsheet registering the odd petrochemical transaction.

Indeed, I never recommended an Iran Oil Bourse in the first place, but a Middle East Exchange.

by ChrisCook (cojockathotmaildotcom) on Thu Nov 13th, 2008 at 06:22:08 AM EST
[ Parent ]
If gas producer and consumer states get behind it, it could happen. If they don't, it won't.

Fair enough.
So, with regard to our one wind turbine, probably in the middle of a much larger project, could we say that we would join any such scheme as soon as the states or, short of that, regional authority would create the market, without making it a pre-condition that WE would create it for the one turbine to exist?

"The womb that spawned that thing is fertile yet"

by Cyrille (cyrillev domain yahoo.fr) on Thu Nov 13th, 2008 at 07:21:40 AM EST
[ Parent ]
ET'ers are free to join any scheme that takes their fancy.

Paul Spencer might have a pragmatic LLC-based proposition in Washington state at some point. From what I know of Paul, it should work in the real world.

It may be that I'll have a pilot scheme at some point, too, and if so I'll let people know. As I said elsewhere, I think that if a Community Energy Partnership actually works, then it will be possible to link such initiatives together, and next thing you know, you've got a networked energy market developing...

But these are entirely independent of - but possibly complementary to - what governments decide they need to do.

by ChrisCook (cojockathotmaildotcom) on Thu Nov 13th, 2008 at 07:43:06 AM EST
[ Parent ]
a little put-out in your latest diary. Some of the comments here are unnecessarily aggressive, if not dismissive. I can only repeat that you have become very adept at explaining your system. Congratulations to you and to all of us in that regard.

It's a strange coincidence that I had planned some months ago to get back into the LLC/co-op discussion this November - after the U.S. election dust had settled and a house-building project was completed (this weekend). Maybe the wind turbine project will fit in.

paul spencer

by paul spencer (spencerinthegorge AT yahoo DOT com) on Thu Nov 13th, 2008 at 12:03:56 PM EST
[ Parent ]
a few years.

Both Russia and Iran have had revolutions in the last 30 years.  Iran is led by a theocracy that will end in bloodshed.  Russia is held by a strongman oligarchy that will also likely end in yet another revolution.  

You want to make 30-40 year bets in those places without a serious front loading of your returns, be my guest.

by HiD on Thu Nov 13th, 2008 at 04:31:05 PM EST
[ Parent ]
Russia is held by a strongman oligarchy that will also likely end in yet another revolution.

Please elaborate.  

Come, my friends, 'Tis not too late to seek a newer world.

by poemless on Thu Nov 13th, 2008 at 04:46:18 PM EST
[ Parent ]
Do you think BP feel Russia honors contracts?
by HiD on Thu Nov 13th, 2008 at 05:07:15 PM EST
[ Parent ]

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