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  2. America Is Exceptional in Its Political Divide

    Rob Plant replied to topic's Eyes Wide Open in Geopolitics

    You must be one of the most challenged people I've yet met,as this sitting judge. Perhaps his last Hurrah in a mediocre career...his valuation 18 million...Or did he? Oh the drama.. Judge at Trump civil fraud trial implores media to stop saying he valued Mar-a-Lago at $18M BREAKING NEWS Hunter Biden arrives in court on federal gun charges NEWS Facebook Twitter Flipboard WhatsApp Email Copy 537 Judge at Trump civil fraud trial implores media to stop saying he valued Mar-a-Lago at $18M By Ben Kochman and Priscilla DeGregory Published Oct. 2, 2023, 6:22 p.m. ET Donald Trump’s Mar-a-Lago estate worth ‘at least’ $300M, not $18M as NY judge cites 0 seconds of 37 seconds The Manhattan judge deciding Donald Trump’s fate at his civil fraud trial Monday stood by the $18 million valuation of the former president’s sprawling Mar-a-Lago estate — despite real estate experts blasting the estimate as “utterly delusional.” Justice Arthur Engoron again rejected Trump’s claims that Mar-a-Lago is worth $1 billion in favor of the much lower valuation issued by local Florida officials. MORE ON:DONALD TRUMP Trump shares bizarre court sketch of him sitting next to Jesus at fraud trial Arnold Schwarzenegger on Donald Trump’s 215-pound booking weight: ‘A little more like 315 pounds’ Ex-chief of staff confirms stories about Trump hating on veterans, POWs and how sharing a stage with them ‘doesn’t look good for me’ Supreme Court declines to hear bid to disqualify Trump from 2024 election over alleged Jan. 6 role However, Engoron implored the media to stop reporting that he’d been the one to value the golf club and resort at $18 million — the low end of a determination made by the Palm Beach assessor that has left many real estate industry insiders perplexed. One prominent Palm Beach real estate broker labeled the valuation “utterly delusional” to The Post. “Please, press, stop saying that I valued it at $18 million,” Engoron pleaded, as the trial kicked off in Manhattan Supreme Court in New York Attorney General Letitia James’ $250 million lawsuit against the former president, the Trump Organization and sons Eric Trump and Donald Trump Jr. The judge interjected the comment as Trump lawyer Alina Habba had been repeating during her opening remarks that the Palm Beach estate would sell for roughly $1 billion — a figure that Engoron rejected last week in a bombshell ruling. In his decision, Engoron — who is deciding the trial rather than a jury — cited a local Palm Beach County official saying the country club had been assessed at a range of between $18 million and $27 million between 2011 and 2021. In the same decision, Engoron rejected Trump’s expert’s valuation that the Florida estate was worth $1.5 billion, finding the expert’s opinion “unexplained and unsubstantiated ‘dream[s.]'” Industry experts were left scratching their heads at the Palm Beach assessor’s seemingly low estimation, claiming that the resort would list closer to $300 million. https://nypost.com/2023/10/02/judge-implores-media-to-stop-saying-he-valued-mar-a-lago-at-18m/ In 2022, Forbes estimated the value of the estate at around $350 million.[25] Forbes said that 'Real estate experts outside of Palm Beach guessed that the place was worth more than $200 million. Brokers on the island thought it could be worth far more, with the most aggressive estimate coming in at $725 million. When Forbes last valued the property in March, we went with a conservative $350 million.' In a 2022 lawsuit filed by New York Attorney General Letitia James, it was alleged that Trump inflated the value of Mar-a-Lago to $739 million, when the property should actually be valued at $75 million.[39] https://en.m.wikipedia.org/wiki/Mar-a-Lago#:~:text=In 2022%2C Forbes estimated the,coming in at %24725 million.
  3. Today

  4. E-car Sales Collapse

    markslawson replied to topic's notsonice in Oil (General)

    a major brick wall is emerging on EV sales????? not in the US..... Enjoy reality https://cleantechnica.com/2023/09/22/electric-vehicle-sales-in-us-hit-the-accelerator-pedal/ Electric Vehicle Sales In US Hit The Accelerator Pedal — Even Beyond California

  5. GREEN NEW DEAL = BLIZZARD OF LIES

    JoMack replied to topic's Jay McKinsey in Oil (General)

    You are a sucker for clickbait. The “103 days’ supply of EVs” is BS because Tesla, Rivian, and Polestar, accounting for about 65% of total EV sales in the US, don’t have dealers and don’t disclose their US inventories and therefore don’t disclose days’ supply of EVs in inventory. Estimates of days’ supply of EVs are based on the guesses of the EVs by legacy automakers on dealer lots and in transit. There are now dozens of EV models by all legacy automakers combined, accounting for only 35% of total EV sales. So these are a bunch of relatively low-volume models where each dealer has between zero and a few in stock and a few in transit and sells a few a month. For example, there are about 4,000 Ford dealers, and if Ford ever succeeds in building the promised 150,000 Lightning trucks per year — it has been trying to ramp up production but remains far from it — that would be 38 Lightning trucks on average per year for each Ford dealer, or about 3 per months, which is minuscule. So they get 3 per month, and 3 are in transit, for an “inventory” of 6 (on the lot and in transit), and if they sell out of all three on the lot, they have 60 days supply. If the units “in transit” get hung up somewhere or if they sell 2 of the 3 trucks in stock, suddenly they have over 100 days supply. That’s how silly “days’ supply” can be with low-volume units. This estimate about legacy automakers’ EVs in inventory and in transit, and the small sales volume of each of these dozens of models, was used to come up with 103 days’ supply. The dual problem that it only covers about 35% of EV sales and is based on dozens of relatively low-volume models by legacy automakers makes this a ridiculous nonsensical metric for the overall EV market. It doesn’t indicate anything about the overall EV market. But it sure was dragged out by the media to create stupid clickbait headlines about collapsing demand for EVs or whatever.
  6. Last week
  7. We have been accustomed to the knowledge that climate change has hasten the speed of ice melting in the polar region and increased frequency of floating iceberg... Did something today that might accidentally show how iceberg is broken or formed.... This piece of ice was taken out from the freezer. Added a little tape water to melt it mildly. Cracks immediate formed when water touching the ice..... Therefore, could those floating ice formed by having more frequent rain on very cold polar ice? Cracks formed and they broken away. Melting happens because they are in the water... 'o' 'o' Not so much on increment in temperature? 'o' Anyone can verify if frequency of rain has increased over the years in the pole? Someone tried to shoot polar light in a travel documentary faced with cloudy and rainy days that spoilt the plan...
  8. Earlier
  9. U.S. oil production is predicted to hit 13 million bpd in September, matching the record output from November 2019. Major companies including Chevron and Exxon reported record production in Q2 despite fewer active drilling rigs. The EIA anticipates record U.S. crude oil production for 2023 and 2024, with the U.S. leading non-OPEC+ production growth. https://oilprice.com/Energy/Crude-Oil/OPEC-Cuts-Offset-By-Booming-US-Oil-Production.html
  10. Wyoming Water, climate change, and a refinery. https://wyofile.com/how-does-water-law-handle-climate-change-watch-the-encampment-river/?utm_source=WyoFile&utm_campaign=a17a12e12a-EMAIL_CAMPAIGN_2023_08_14_11_25_COPY_01&utm_medium=email&utm_term=0_-3585420edc-[LIST_EMAIL_ID]

  11. How Far Have We Really Gotten With Alternative Energy

    Ron Wagner replied to topic's turbguy in Oil (General)

    Wow! At that price per watt, payback for the modules is much less than a year. Unless a "module" isn't a "panel"...
  12. OILPRICE.COM in new documentary - "How BlackRock Conquered the World" by Russia Federal Security Bureau

  13. Even Shell Agrees with Climate Change!

    turbguy replied to topic's Rob Plant in Oil (General)

    Theyre partly saying they now recognise "climate change" as they would like to get on the good side of banks and investment opportunities. There has been zero desire from banks to fund oil & gas projects since pre pandemic. This has hurt the oil majors and reduced the R&D and exploration to find new oil + gas fields. The oil majors must be at least seen to be transitioning and aiming for net zero even if they have no intention of ever getting there.
  15. Not sure about the details of electronic components used. But worth checking out as much cheaper and eco friendly alternative to solar panels..... If it absorbs much heat from the surrounding, micro climate would change and subsequently global weather...

  16. Can Solar Panels Regenerate Prairies?

    Ron Wagner replied to topic's footeab@yahoo.com in Renewables

    Oh, PS: That "prairie" will not last in the example above... It has to be be burned off fairly often or at least have major disturbance to keep it healthy... Miles of Insulated power conductors and fire... do not mix... Guess what "prairie" will not be burned off which will leave only a few select types of plants growing there ...

  17. Canada’s Carbon Capture Ambitions Have Hit A Roadblock

    Meredith Poor replied to topic's footeab@yahoo.com in Nat Gas / LNG

    Blatant NO. CO2 has higher efficiency due to the simple fact you can use higher temperatures at lower pressures allowing even HIGHER temperatures. H2O steam turbines are limited by their PRESSURES not their temperatures. Efficiency is driven by Delta T(Thot-Tcold). CO2 has a HIGHER condensing temperature than H2O making it LESS efficient if one limits yourself to same Thot as the deltaT if equal to that of a steam turbine is less. Economically speaking CO2 is FAR MORE viable as it allows 3 HUGE major things with one critical drawback other than the obvious seals issue which which in part is tied up with its MAJOR issue. #1 Since CO2 steam turbine is NOT limited by its pressures, it therefore becomes limited by temperature just as the case with an Brayton open cycle Gas Turbine increasing the Thot FAR HIGHER than the increase in Tcold. Main reason coal power plants are not operating at 60+% efficiency like their NG counterparts. #2 Due to Power density of CO2 working fluid, CO2 allows smaller HOT turbine blades for same power output making them FAR cheaper to make and more importantly, last much longer if one so desires as creep/wear are the critical problems. Or you can go for more power and less life. #3 CO2 condensor allows it to be built MUCH cheaper(AKA SMALLER) due to its higher final condensing stage temperature and ease of pulling the heat out to ambient sinks and become 100% condensed without incurring droplet formation inducing wear on the turbine blades whereas the H2O requires some inputted work to become 100% condensed. To do this with H2O you have to take the condensor as close to a vacuum as one can get in a closed cycle system and it still does not achieve it. Likewise the quality(temperature) of the waste heat from a 100% condensed CO2 final stage turbine is FAR closer to useful for say garment industry etc and technically you could still use a different working fluid for the last stage and obtain a better Tcold temp differential instead of CO2. Instead of gargantuan cooling ponds and evaporating gobs of water, one can now use ambient air. ### There is one Major major disadvantage. When Admiral Murphy shows up, and he ALWAYS does, H20 while dangerous when hot, is NOT a danger to the surroundings where humans live/work. CO2 when its pressure vessels fail due to Admiral Murphy, kills everything around it by asphyxiation and in a large power turbine there is an ENORMOUS quantity of it. To stop from killing everyone in the vicinity, one would have to build a nuclear poweresque pressure dome over the working turbines. Why most likely one will NEVER see CO2 turbines on a ship for instance... On land we will see them, it is only a matter of time. But probably not in yours or my lifetime as the main reason for them would be for the Coal or Nuclear power industry and not the NG industry and with the gargantuan amount of DIRT CHEAP NG for the entire world for next several hundred/thousand years... yea this will not happen as NG and CO2 turbines would not be beneficial. School is hereby at recess

  18. Shout out to the US EPA for sheer craziness

    markslawson replied to topic's Rob Plant in Renewables

    Mark Have a read of this and look at all the 750 H2 projects happening in Europe now, you can filter in various ways to see what is going on in the industry and the strategy Europe are adopting. Project pipeline (europa.eu) Hydrogen (europa.eu)
  19. Over the years, I have heard from many ammonia fuel proponents. This is the first major move I have seen.
  20. The Permian, Eagle Ford and Williston In this report, we will analyze the latest developments in the 3 largest US tight oil basins, which include the Permian, Williston, and the Eagle Ford. Together, these basins were producing over 7.5 million barrels of oil per day in May 2023, while outside these basins less than 1.2 million barrels of oil per day were produced in the Lower 48 states (only counting output from unconventional horizontal wells). 1- Total production by basin The following overview shows the total tight oil production history for each of these basins through May 2023: Total tight oil production in the 4 major basins, through May 2023. Only the Permian basin has contributed to growth in US shale. The rest of tight oil production in the Lower 48, at about 3.5 million b/d, is more than 20% below the peak in October 2019. 2. Drilling Activity The horizontal, oil-directed, rig count in these 3 basins has fallen by 15% since the end of Q1 2023, to 386 rigs at the end of August (source: Baker Hughes). With WTI up by $10 in the recent 2 months, we expect to see an impact on drilling activity soon: Horizontal rig count through August 2023, by basin, and WTI (right hand side). Of these 386 rigs, 79% (305) are active in the Permian. 3. Supply Projection How would the oil supply from these basins look like if the rig count, rig efficiency and well productivity would remain the same? From our Supply Projection dashboard we can see the following outlook based on such a scenario: Horizontal rig count (top) and historical and projected tight oil supply (bottom). If we assume a constant rig count and no changes in rig efficiency and well productivity, we can see in the bottom chart that tight oil supply would continue to grow in the coming years, almost exclusively driven by the Permian. Thus, the recent decline in drilling activity was not enough to reverse the growth in tight oil production. However, the growth rate in the coming years has clearly fallen, and the assumption of unchanging well productivity may be too optimistic, as we’ll explore in the next section. 4. Well Productivity Trends In this section, we’ll examine how well productivity has changed since 2014. The following graph plots the average cumulative oil production in the first 6 months, by first production date and basin: Well productivity in the 3 key US tight oil basins. Horizontal oil wells only. In the top chart, you can find that average well productivity appears to have peaked in all 3 basins, with the worst declines in the Eagle Ford and Williston. In the Permian, the almost 1,500 horizontal oil wells that started production in the last quarter of 2022 recovered on average 113 thousand barrels of oil during the first 6 months, versus 120 thousand barrels for the wells that came online 1.5 years earlier (Q2 2021). During that same period, average well results in the Eagle Ford fell by 25%. In the bottom 2 charts, you can see the average lateral length and proppant loading plotted against the same first production date. It reveals that those completion parameters have still increased to some extent in recent years, which makes the declining well productivity trend even more worrisome. The above metric is however based on a specific point in time (first 6 months). How have the full production profiles changed in the last decade? In the following chart, we have grouped all the horizontal oil wells in these 3 basins by their first production date, and plotted the average production rate against cumulative oil production. This allows us to view the full production pro- files to date: Log rate versus cumulative production charts, by vintage. Horizontal oil wells only. Here we can see a steady increase in performance since 2011. However, the wells that came online last year are performing slightly worse so far than the wells from the previous year. But completion activity has also shifted to the more productive Permian Basin, masking part of the underlying drop in productivity. Note that the curves representing recently completed wells are trending towards a EUR of around 400–500 thousand barrels of oil (x-axis). 5. Most Productive Counties So far we have only shared high level trends. Now let’s take a closer look at well performance across counties and operators. Here you can find a ranking of all major oil-producing counties within these 3 basins, ranked by the average cumulative oil production in the first year on production: Main oil producing counties, ranked by average recent well results. Thickness indicates relative well count. Only counties are included with at least 250 horizontal wells, and only wells are considered that started production in 2016 and that have predominantly produced oil. Lea County in New Mexico has the top spot. The 3,370 horizontal oil wells that began production in 2016 have on average recovered 202 thousand barrels of oil during the first year of production. Yoakum is the last county in this list, with just 66 thousand barrels of oil (based on 371 horizontal wells). 6. Most Productive Operators How about tight oil operators? In the following chart, we rank all major tight oil operators in these 3 basins on the same metric, and again measuring only horizontal oil wells that have been completed since 2016. Major US tight oil producers, ranked by average recent well results. Kaiser Francis has a surprisingly large lead on the others; the 120 horizontal wells it completed (all of which are in the most prolific area of the Delaware Basin) recovered on average 260 thousand barrels of oil during their first year online. 7. Top Tight Oil Producers Finally, we’ll share a ranking of the 12 largest tight oil operators within these basins and their production history through May 2023: Production history (b/d) of the top 12 tight oil operators in these 3 basins. Horizontal wells only. EOG has taken back the lead from ConocoPhillips with about 600 thousand barrels of oil per day, of which over 2/3rds are now coming from the Delaware Basin. Want to further explore industry data? *All the graphs today come from Novi Insight Engine, which is an online analytics platform filled with interactive dashboards that allow you to explore the most recent shale oil & gas related data. You can directly book a demo via novilabs.com/demo to see the energy analytics platform in action.

  21. Why Russia's Biggest Threat is Actually China

    Ron Wagner replied to topic's Ron Wagner in Geopolitics

    Putin has failed as a leader of Russia. He always seen Europe as an enemy of Russia even after the fall of the Soviet Union. His aim was always to restore as much land as possible under the heel of Russia. He had success in Chechnya, Georgia, Syria, Transnistra etc. These were all just stepping stones. Then he conquered Eastern Ukraine and Crimea. Recently he tried to take over all of Ukraine and thought he could do it in a week. At the same time, he tried to blackmail Europe into paying outrageous prices for oil and natural gas by withholding supply saying that he didn't have enough. Europe had been warned by America that they were becoming too dependent on Russia and they couldn't be trusted. NATO soon saw " the writing on the wall" and backed Ukraine as it was brutally attacked. Russia is now losing its economic status and its future looks very bleak. This video explains the history between China and Russia and how they have been traditional enemies much longer than allies. It is predicted that China will overwhelm Russia by the power of the Chinese population and the basic elements of geography and economics. The vast natural resources of Russia are needed by China and that includes fresh water which is plentiful in Russia. Timber, precious metals, oil and gas are all plentiful in Russia.
  22. That does make sense. So, if there's a decline in iron ore prices due to reduced construction or industrial activities, we could potentially foresee a dip in crude oil demand too, right?
  23. Farmers use a lot of propane to dry their crops, warm their buildings etc. It seems like a great idea to me. It could also be used for subsistence farmers. Another simple answer is to use manure and other biomass in an anaerobic process to create methane which can be filtered and used as fuel. Unfortunately This process is not used as much as it should be. https://docs.google.com/document/d/1N-TLMeHsKYBCirxS0vbqMGHpU2SmyLuCc7bqp8eYXVM/edit Biogas
  24. https://www.businessinsider.com/wagner-kremlin-killing-prigozhin-putin-russia-global-crash-death-yevgeny-2023-8?utm_source=notification&utm_medium=referral With Prigozhin dead, Putin has traded low-budget global reach for safety at home A portrait of Yevgeny Prigozhin at a memorial for the dead Wagner Group leader in Moscow. A former senior Kremlin official told Insider that Prigozhin's death was "inevitable" after his June rebellion. Contributor/Getty MS Mattathias Schwartz Aug 26, 2023, 7:50 AM CDT On Friday, the Kremlin's spokesperson said the idea that Russian President Vladimir Putin was behind the Wednesday plane crash that killed Yevgeny Prigozhin was "a complete lie." But a former senior official who served at the highest levels of the Russian government told Insider a different story. "The rebellion was an anomaly," they wrote. "But the consequences were indeed inevitable." Advertisement In other words: The crash was no accident. It was unavoidable payback for Prigozhin's insubordination, which culminated in a march towards Moscow with a column of his Wagner Group mercenaries. The march was a stunningly open challenge to the authority of Russian President Vladimir Putin, the man who had found Prigozhin when he was running a string of Saint Petersburg restaurants and made him into one of Russia's most feared power brokers, trafficking in weaponry, gold, and armed men across three continents. As for Prigozhin himself, the former Kremlin official scoffed at the idea that his death was an untimely surprise. "His death could not have been more timely," they wrote. "His life was that of Chekov's gun. When his blank was fired, there was nothing left to do but be swept behind the curtain and let the play carry on." By invoking Chekhov's gun, the official was suggesting that any private military force that refused to submit to Putin's direct control was destined to be crushed by him. That famous storytelling principle — a gun innocently hanging on the wall in a play's first act will be fired in its third — is one of Russian literature's great contributions to world culture. But the story of Prigozhin's rise and fall can also be told through a trove of internal files that exposed the inner workings of his corporate empire in the months before his death. Those files included dozens of detailed spreadsheets showing how Prigozhin's Wagner Group tracked and spent its money: Wages for a Nigerian gig worker to push Kremlin memes through a troll farm — $276. Fuel to light up a famous hillside sign in the Central African Republic — $791. Worldwide promotion budget for "Tourist," a feature film depicting heroic Russian mercenaries who save an African government from local bandits and European elites, including ads on TikTok, YouTube, and Google — 29 million rubles, or roughly $300,000. Advertisement Those files were obtained from anonymous hackers who had pried them loose from the Wagner Group. They show why Prigozhin was so useful to Russian President Vladimir Putin, not only in the invasion of Ukraine, but in surreptitious campaigns to influence US politics and extend Russia's reach throughout the Middle East and Africa. Even before we reviewed evidence of Wagner troops engaging in rape, beheadings, and other war crimes, Prigozhin was known to be a bloodthirsty warlord, an ex-convict and Saint Petersburg restaurateur who had taken the brutal logic that he'd learned during his years in the Russian prison system to the global stage. But the spreadsheets showed us that Prigozhin was more than that. He was a bloodthirsty warlord who knew how to stretch a buck. The tiny amounts of money that we saw meticulously accounted for in the Wagner Group's monthly budgets and expense reports were a fraction of what American or European would have spent on similar overseas operations. Of course, that money was supplemented by pillage and extortion. The files included a shakedown letter Prigozhin had sent to the Syrian government, demanding oil revenue from a tract of land that his men had taken back from ISIS. Russia uses the Wagner Group to boost its military strength, but it is nothing like a conventional fighting force or diplomatic corps. Though often referred to as a private military company — mercenaries — Wagner's brutal methods, semi-official status, and appetite for resource extraction makes them something closer to 16th-century privateers. For so long as he remained loyal, Prigozhin was a perfect instrument for Putin to build up Russia's superpower status despite having an economy less than a tenth the size of China or the US. During the two months between the time that Prigozhin marched on Moscow and the explosion onboard his private plane, it wasn't impossible to imagine that Prigozhin had made himself so indispensable to Putin that he might be forgiven. Putin had already shown a remarkable tolerance of Prigozhin's grandiosity and his propensity to take to social media and publicly castigate the Kremlin's favorite generals for bad strategy and supply problems in Ukraine. Prigozhin's death suggests that Putin has accepted a setback in Russia's global ambitions in favor of ensuring the stability of his own regime. Of course, he'd prefer to have both. New reporting by the Wall Street Journal shows how vigorously Putin was attempting to supplant Prigozhin's authority during the final weeks of his life, maintaining Wagner's African shadow empire while centralizing control, and how Prigozhin continued to antagonize the Kremlin by refusing to fade into the background. After the mutiny, Russian authorities punched back, raiding Wagner's offices, blocking their social media channels, and releasing photographs of Prigozhin's lavish apartment filled with cash, gold, and guns. What they did not do was file criminal charges against Prigozhin or his Wagner minions, despite the fact that they'd killed some 15 Russian service members during their aborted march to Moscow. This led some to believe that Putin and Prigozhin could come to terms, including Alexander Lukashenko, the president of Belarus, who fancied himself a peacemaker between the two men. But in fact, Putin appears to have busied himself with absorbing the Wagner empire into the Russian state while plotting his revenge. Russia's Ministry of Defence reportedly sent emissaries to the foreign governments that Wagner had been propping up, informing them that they should now talk directly to the Kremlin. Other reports suggest that the job replacing Wagner in Africa will fall to the GRU, Russia's military intelligence unit. Regardless of who does it, rebuilding Prigozhin's intricate country-by-country network of bribes, propaganda, and fear will take years. Gen. James Clapper, the former head of the US intelligence community, told Insider that the apparent decision to kill Prigozhin was unsurprising given his priorities. Advertisement "Putin — typically and consistently — has chosen his personal stature, prestige, and power over everything else," Clapper wrote in an email. "I don't think he gave overseas activities a thought." As for Russia's future, "I think we'll just have another strongman as successor to Putin. Just more of the same." Mattathias Schwartz is Insider's chief national security correspondent. He can be reached by email at schwartz79@protonmail.com. Read next MILITARY & DEFENSE The CIA's director predicted last month that Putin would seek revenge on Yevgeny Prigozhin after his failed coup

  25. U.S. Electric Vehicle Sales Poised For A Breakout Year

    Mark Sloan replied to topic's FillSmith in Technology

    that's awesome! thanks a lot for information sir! A thorough edubirdie plagiarism checker review is essential before entrusting your work. Genuine insights can guide students toward making informed decisions, ensuring the quality and authenticity of their submissions.

  26. Energy and food crisis will lead to riots in Europe

    VodohodNews replied to topic's Meredith Poor in Geopolitics

    Russian disinformation campaigns will lead to rioting in Europe.
  27. Um, Why are you necrothreading this of all things? Besides: Surfaces of EVERYTHING hold virus's/bacteria. They are COVERED in them. Virus's float on the air via any air circulation from any surface. Wearing a mask is beyond a joke. The SMALLEST theoretical hole in a surgical grade mask is 95nm where majority are MUCH larger... Virus's are 2nm. Any breath will bring in Floating virus's. Bacteria are LARGER than the pore size in the mask and WHY one uses surgical masks to combat BACTERIAL transmission... This has been known for decades until everyone lost their minds in 2020 and decided snake oil salesmen and voodoo dolls were scientific...

  28. Goldman Betting on Cryptocurrencies

    Marina Schwarz replied to topic's Meredith Poor in Markets & Trading

    If so, shouldn't they change their name to 'Cryptoman'?
  29. This article contains still images from the interactive dashboards available in the original blog post. To follow the instructions in this article, please use the interactive dashboards. Furthermore, they allow you to uncover other insights as well. Visit the blog to explore the full interactive dashboard This interactive presentation contains the latest gas (and a little oil) production data, from all 7,062 horizontal wells in the Haynesville that started producing from 2007, through April this year. Total production Natural gas production in the Haynesville fell to just over 13 Bcf/d in April, from 15 Bcf/d just 2 months earlier. This was the steepest drop in production in the history of the basin. In the first 4 months of this year, 150 horizontal wells were completed, vs. 181 in the same time frame last year. Drilling activity This decline was of course caused by collapsing natural gas prices; where end of last year 74 rigs were drilling in the basin, when natural gas prices were above $6 per Mcf, prices have fallen by 2/3rds to just $2 per Mcf. As of last week, only 49 rigs were active in the basin (according to Baker Hughes): The horizontal rig count in the Haynesville (left hand side) and nat. gas prices (black curve, right hand axis) Well productivity Although well productivity appears to have stagnated, new wells are still producing a massive amount of natural gas, peaking at 18 MMcf/d, on average: Well performance (nat. gas production rate vs. cum production) in the Haynesville, by vintage year of first production. As can be seen in this chart, these ultra high initial production rates are followed by a steeper decline than seen in other basins, giving operators a very strong incentive to reduce drilling and completing wells in a low price environment. Wells that began production in the last few years are on track to recover between 10 and 13 Bcf of natural gas over their live time, on average. Production by county Natural gas production has fallen in all areas, but less so in the core of the basin, on a percentage basis: Total natural gas production in the Haynesville, by county/parish De Soto Parish was in April, at 3.5 Bcf/d, good for more than 25% of the total volume produced in the basin, and delivers now 80% more than the next best parish, Caddo (1.95 Bcf/d). Top operators Basically, all major operators have drastically reduced output so far this year: Natural gas production in the Haynesville, for the top 5 operators Aethon Energy stands out with a fall of 1 Bcf/d in total output since December, or 40% in just 4 months. As the following chart shows, its well results lack those of the other major operators: Well productivity by operator, as measured by average natural gas recovered in the first year. Horizontal wells completed from 2017 onward only. You will find in the chart above that the 293 horizontal wells that were completed since 2017 that Aethon Energy operates have recovered 3.7 Bcf of natural gas in the first year on production, versus 5.4 Bcf/d for the 5,385 horizontal wells that Southwestern Energy currently operates. Finally Production data is subject to revisions. Sources For this presentation, I used data gathered from the following sources: The Louisiana Department of Natural Resources Texas RRC. Production data is provided on lease level. Individual well production data is estimated from a range of data sources, including regular well tests, and pending lease reports. Visit our blog to read the full post and use the interactive dashboards to gain more insight: https://novilabs.com/blog/haynesville-update-through-april-2023-4/
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