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  4. "Crude oil inventories have fallen by more than 29 million barrels since the start of 2021, according to API data, but are still up 27 million barrels since January 2020." Inventories are down.
  5. I don't think this Rothschild is related to those Rothchilds. Note that Jewish last names haven't been a thing for that long. Napoleon was probably the biggest single influence there, since he enforced that as part of his Napoleonic Code reforms when the French Empire owned half of Western and Central Europe: The last component of the Infamous Decree – established in July 1808 – required Jews to adopt formal names with which they would be addressed. (Before, Jews were often referred to as "Joseph son of Benjamin.") They were also prevented from selecting names of cities or names in the Hebrew Bible. Napoleon sought to integrate the Jewish people more fully into French society by establishing the guidelines they were required to follow in adopting names.[1] Napoleon ended these restrictions by 1811. Speaking of bloodlines, it seems like clustering algorithms (performing stylometry) point to the original Q being Paul Furber, a former 4chan admin. From his book about Q: I think it's funny that there was a copy of "Bloodlines of the Illuminati" in Osama Bin Laden's possessions in the Abbottabad compound: I remember seeing a copy in Goodwill.
  6. It has to be hot enough inside to keep the salt melted since it is the barrier between the two liquid metal elements. So, I need to figure it out. The material backs you up.
  7. CNG is commonly retrofitted in gasoline engines throughout the world. Dual and tri fuel using alcohol also. They find a way to do it based on the price and availability of fuel. It has been done for many decades back to WW1. I have provided the information many times on this site.
  8. Yesterday
  9. From Kommersant 17.06.2021
  10. BP’s energy transition plan will receive a boost from rising oil prices, and the company is already winning back investors after a difficult year, Chief Executive Officer Bernard Looney said. View the full article
  11. A key spread between monthly oil futures contracts has blown out to the widest level in seven years as traders bet that U.S. crude inventories are about to get a whole lot tighter. View the full article
  12. Schlumberger’s decarbonization plan leverages technology to address operational emissions, customer emissions, and carbon-negative actions. View the full article
  13. Oil retreated after hitting $75 a barrel in London for the first time in more than two years, as Russia and other OPEC+ nations were said to consider increasing production. View the full article
  14. Latest antibody data is positive news - here's why At 10.33 we told you about the latest ONS data which shows that more than eight in 10 people in the UK are likely to have antibodies. Professor Paul Hunter, professor in Medicine at UEA, has explained why this is such positive news. He said: "The most obvious findings are that in all the age groups over 34 for England the modelled percentage of people with antibodies is over 90% and in the 60 to 79 age groups it is over 95%. "This is remarkably high rate and most of this will be due to the impact of vaccine. "What is perhaps even more reassuring is that in the rate of people aged 25 to 34 is 69% and aged 16 to 24 is 56%. "Given than vaccination has only been offered to all adults in the past few days much of the 16 to 24 age group will have acquired their antibodies from natural infection, only 25% of this group has had a single dose vaccine by the 10th June and somewhat fewer of those would have had their dose long enough ago to have generated antibodies. "Whilst immunity to COVID infection is not guaranteed in people with antibodies the presence of antibody is strongly correlated with at least some degree of protection. So this is very good news, even for younger age groups in that a substantial proportion (probably even the majority) of those younger age groups already have some degree of protection."
  15. Moscow is considering making a proposal that the group should ease a global supply deficit by increasing output, according to Russian officials familiar with the matter. Other OPEC+ nations are also discussing a potential supply hike in August, although specific numbers haven’t been mentioned. View the full article
  16. Moscow is considering making a proposal that the group should ease a global supply deficit by increasing output, according to Russian officials familiar with the matter. Other OPEC+ nations are also discussing a potential supply hike in August, although specific numbers haven’t been mentioned. View the full article
  17. Last week
  18. Exxon Mobil Corp. is preparing to reduce headcount at its U.S. offices by between 5% and 10% annually for the next three to five years by using its performance-evaluation system to suss out low performers, according to people familiar with the matter. View the full article
  19. “They blocked us, they sanctioned us, they stole all our foreign assets,” said Venezuelan oil minister Tareck El Aissami. “Without any financing, with our own money, we’ve been able to invest enough to stop the slide and start a gradual recovery.” View the full article
  20. Oil held near $72 a barrel as inconclusive nuclear talks between world powers and Iran -- which has elected a new hardline president -- allayed prospects for a swift revival of the Islamic Republic’s crude exports. View the full article
  21. Tesla is a good example of a company doing it right, but they aren't 'breaking the model' with respect to technological uptake, and neither is silicon valley in general. Their 'catchup' phase was fast, and that would be expected. I tend to agree with you on Tesla's ability to go from 'unknown' to 'commercial' in 3 years. However Tesla is NOT taking ideas straight from the lab into full scale mass production in 3 years. They are taking ideas from the lab into pilot scale production in 3 years. That's still damn impressive, and they are doing it consistently, which is even more impressive. My 'tech develoment' timeline assumes no screwups, and Tesla is doing a great job of reducing/eliminating screwups. That takes a LOT of work. Another thing they are doing, in the vast majority of cases, they have set up their pilot production in such a way that it is a miniature version of full scale production, or that it can be easily scaled up. They are also 'pre-selling' items they don't yet have in full scale commercial production, then back filling the production capacity later. The only reason they can do this is because there is high demand for their products, and they have consistently been able to convert planned projects into actual products, which gives the general public confidence that they can count on them. This is why in my 'timeline of innovation' I purposely left out any years/time between pilot production and going full scale. IF they are doing it right (and Tesla is) there isn't any real 'gap between the two - only the logistical effort it takes to move from small scale pilot production to large scale production. A final thing that Tesla is doing is making it more or less painless for their customers. If you are 'one of the first' to get a new Tesla product and it doesn't work, they will repair, replace or fix it for you more or less at no cost. This additionally inspires people to be willing to take a chance on something they wouldn't normally do. This is part of the phase that I mentioned in 'preparing the destribution and sales network' Because Tesla at this point is more or less constantly innovating, internally they see this as just 'the way it is' but other companies will have to work hard to develop this mentality (some will not, and will fail - I'd never lay a finger on a GMC electric car for example)
  22. 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 ShaleProfile blog to explore the full interactive dashboard This interactive presentation contains the latest oil & gas production data from all 25,474 horizontal wells in the Eagle Ford region, that have started producing from 2008 onward, through March. Total production Tight oil production in the Eagle Ford recovered in March by 200 thousand bo/d to almost 1.1 million bo/d, while natural gas output came in at over 5.5 Bcf/d (after upcoming revisions, horizontal wells only). Well performance Well results are not higher (but neither lower) than in 2017, on average, as the bottom chart in the ‘Well quality’ tab shows. Just a single county, Karnes, is responsible for over a quarter of oil production. Here we show a ranking of all operators in Karnes, by the average cumulative oil production in the first 2 years that their wells were on production: Operator ranking in Karnes County, based on the average cumulative oil recovered in the first 2 years. Operators with fewer than 10 wells are excluded. The 34 wells that INPEX, a Japanese company, currently operates and that already produced for at least 2 years, show the best results. On average, these wells recovered 248 thousand barrels of oil. EOG, the largest operator holds the 6th position; its 744 wells recovered 196 thousand bbl. This image was taken from our Productivity Ranking dashboard. Top operators The output and location of the 10 largest operators in the basin are displayed in the final tab. The gap between EOG and ConocoPhillips, the numbers 1 and 2 respectively, narrowed to 55 thousand bo/d. EOG is suffering from deteriorating well performance, which you can see in this screenshot: EOG’s well performance in the Eagle Ford. The chart on the right plots the performance by vintage; the y-axis represents the average production rate (b/d), while the x-axis displays cumulative production. This reveals at least 2 findings: all its vintages are trending towards an EOR shy of 300,000 bbl the 237 wells that it completed last year recovered on average 81 thousand barrels of oil in the first 5 months, vs. 113 thousand barrels that its wells completed in 2017 made in the same time frame. Finally Our next post will be on Pennsylvania, which just released April production data (already available in our subscription services). Production and completion data is subject to revisions, especially for the last few months. Sources For this presentation, I used data gathered from the following sources: 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: Follow us on Social Media: Twitter: @ShaleProfile LinkedIn: ShaleProfile Facebook: ShaleProfile
  23. Odfjell’s WindGrid is a solution for providing an uninterrupted power supply from Mobile Offshore Wind Units to micro-grids. It combines energy storage, grid converters and floating wind turbines in order to enable gas turbine generators to be shut down during peak wind power production. View the full article
  24. Global oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new crude production is crimped by environmental concerns, the bank said in a report. View the full article
  25. Devon Energy announced it is establishing new environmental performance targets focused on reducing the carbon intensity of its operations, minimizing freshwater use, and engaging constructively with its value chain. View the full article
  26. President Joe Biden’s administration rejected Nicolas Maduro’s call for relief from U.S. sanctions, saying the Venezuelan leader needs to do more toward restoring democracy before penalties would be lifted. View the full article
  27. oil price will soar due to increased demand and a lack of investment over the last 7 or 8 years The oil industry is here to stay!
  28. Telvent had nothing to do with Colonial that I can see. SCADA wasn't touched either, but they shut it down just in case. I'm about 99% convinced this is because of Solar Winds breach. Colonial is like everyone else, they outsource their security. Just like Telvent, the security of your vendor becomes the problem. I figure there's a fat Jurassic Park guy working on the inside selling to the highest bidder.
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