Below is the response from Mobil regarding my
questioning of their statement in the WSJ ad that methanol is
more toxic than gasoline:
"No, methanol is far
more toxic than gasoline; a glass of methanol will put
you six feet under. gasoline won't..Nonetheless we
don't encourage any one to use
This response came from
Any expert opinions out there?
Northwest Power Systems, Methanex and Statoil are
co-operating on two pilot projects to demonstrate how methanol
fuel cells can provide electricity and heat in a
residential application. Check Northwest's web site
http://www.northwestpower.com/ for interesting work on methanol reformers, also
a good video clip under the heading " video
gallery". The PEM fuel cell stack is supplied by one of
their "strategic alliance partners", unfortunately it
is De Nora, not Ballard. Ballard appears to be
facing serious competition in stationary power
I agree with you completely and appreciate your
point of view. What I am investing in is a concept,
what I like about Ballard is that they have the
prototype. Buses on the road, and the support of the
Canadian goverment. I also feel that they will be
successful in their endeavor and bring the crumbs together
to make a cookie. And your right! Starbucks coffee
is the pits.
"did you know that Starbucks market value is more
that twice that of BLDP". That is a sore point with
me, since I think SBUX coffee is the world's worst,
cheap and burnt tasting IMO. Nevertheless it did manage
to sell $1.5 billion of the stuff in the last year
and is inexplicably growing fast, so maybe that is
why it has a large market cap.
example to compare BLDP to would be Cummins Engine, which
is to the deisel engine market what BLDP might hope
to be to the fc engine a dozen years from now. Its
market cap? Less than BLDP's, and its $5.5 billion in
sales are today, not maybe 12 years from now.
long as we remain in the financial bubble there will
be crazy people paying crazy prices for some stocks.
It will never be hard to find a company that is even
more overpriced than the one you are looking at. By
comparison to various internet stocks, what other companies,
regardless of their merits, aren't undervalued?
to hybrids, they may sound like a mechanics
nightmare to you, but they are on the road and doing fine.
By 2004 when fc cars are supposed to be introduced
in theory, there will be hybrids out from every
manufacturer, and accumulated experience with them will total
millions of miles.
That doesn't mean that they
can't be supplanted by fc cars if the latter are
better, but there is no reason to think that they will
be. The gas mileage of hybrids is more than double
that of comparable ice cars today, and they run on gas
which is cheap, as opposed to methanol which costs (not
counting taxes) twice as much as gasoline relative to the
energy content. The pollution is not quite as good as a
fc car run on hydrogen, but one run on methanol
won't be zero pollution either.
require any government tax subsidies, nor any subsidies
by car companies to change the infrastructure - so
why will the voters let the government jam fc cars
down our throats? Holders of BLDP had better feel
comfortable that the product itself will be superior enough
to find plenty of customers on its own - basing your
hopes on politicians forcing people to buy an inferior
product is a pretty weak argument, IMO.
Stock up on can goods and firewood.......Lets use
paint as an example of how environmental regulations
can dictate what is good for the human race as a
whole. California and New York have been forced to
remove all oil base paints from they're shelves. Soon
you'll see the rest of the country following suit. Now
latex paint has to step up to the plate. MS points out
that people aren't that stupid, I disagree and thank
god for the EPA. Hybirds sound like a mechanics
nightmare, I wonder if they are going to throw a few
squirrels (MS-did I spell that right?)under the hood too?
and not that it matters but did you know that
Starbucks market value is more that twice that of
Epyx's reformer, from what I have read about it,
is not fundamentally different from the technology
that has been around for 50 years or more. It still
involves heating up the fuel, runing it by catalysts,
using steam, etc. Epyx's might be somewhat more
efficient than others, or more flexible in its ability to
handle various fuels, or somewhat cheaper to produce,
but it doesn't affect the fact that reformers need
lots of energy to run, which is why low temperature
fc's (PEM, Phos Acid, and Alkaline) are less efficient
than higher temperature ones (carbonate and solid
oxide), which don't need any stinkin' reformers.
Plug Power was mention for its stationary
applacations in residental homes along with Avista lab and
Northwest power systems. United Technologies appear to be a
big contender also. However, Ballard dominated.