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  1. Today
  2. agree entirely. refusal to an independent, competent audit is tantamount to guilt. the USA is a corrupt enterprise. what more proof is needed? is there no coincidence why BLM was created and funded? or the scapegoating of 2 asian countries? etc.
  3. "Easy" yes, but the conversion always costs more energy than you get back out. "Easy" in scientific terms does not mean cost effective, it means that other people should be able to replicate your results. I literally have a bottle of Epson salts in my bathroom that was very cheap - we waste it on hot baths. No need to mine to oceans for magnesium salts.
  4. Samsung is also very strong (but they also have one of their better fabs in Texas). Reviving Intel will be important, and for better or worse Intel has been flailing since ~2016: but the new business model sounds interesting. It should help them compete against TSMC. The US pressing the Dutch to block these ASML EUV machines under the Wassenaar Arrangement (which is voluntary) may set the Chinese behind, but the EU doesn't want to do it. China, EU, and the US are all making significant investments.
  5. heh heh that's great, seeing you accept the dumping of radionuclides into the Pacific. the waste waters are only 1-time filtered and thus will contain cesium and many others, which will radio- sea life and wash up on USA shores. hope you enjoy what is coming your way.
  6. That's a good point, but even that's speeding up. In the past, technology slowly trickled out of labs into industry, where engineers had to learn the new tech before incorporating it into designs. Just making the engineers aware took time. Today, researchers are the engineers implementing the technology. I.e. they must possess both skill sets. Google was one of the first to implement this. They started requiring their researchers to implement ideas in real products. Those who couldn't master both research and implementation were probably shown the door. Those who could master both skill sets were able to bring ideas to market in months instead of years. Tesla is also doing this. We often don't discover a Tesla innovation until we tear apart a production vehicle. Tesla also has an astounding rate of improvement and is vertically integrated; they're not bound by the usual cascade of technology from academia to suppliers to OEMs. Basically, we have no idea what Tesla has coming down the pipe, and it's coming at us far faster than we're accustomed to. Automotive is going to have a wild decade.
  7. Yesterday
  8. Thanks, Sebastian. You are really up on the technology. That helps me understand the other side of the story! China uses more concrete than maybe the rest of the world together. The Chinese and Indians etc. will do whatever is best for them. I just want the world to know what is going on and how the Chinese will benefit from producing Green Products while the world consumes more of them.
  9. That plan for greening China is short on details, no surprise. We will see China continuing to grow in reliance on coal, as shown by their current massive increase in coal production. Any attempt to make Chinese people poorer would be bad politics for the current leader. The CCP system for leadership review and replacement does not allow for a smooth transition.
  10. Chevron's investment in Ocergy, Inc. is part of a $300 million-a-year plan to foster early-stage technologies that may play a future role in the energy transition. View the full article
  11. ExxonMobil, ConocoPhilips ;PetroleoBr live according to the laws of Technical Analysis. Forecast for 14-16 April 2021
  12. Another sign of lack of substance is evading a direct question. I was not discussing or assessing China's response to the virus -- you know what they say about everyone having an opinion ... Rather, I was focusing on the hard facts that, per the statement from Moderna's CEO: the Chinese government provided the sequence of the virus on 1/11/20; and both Moderna and the CDC were able to develop the formula for perhaps the most effective vaccine within 48 hours on 1/13/20. (I don't care if you think the Chinese providing the sequence on 1/11/20 is "slow", "fast", "hiding data", etc.) Now, if you think these statements are not true, I highly encourage you to file (or lead) a class-action shareholder lawsuit against Moderna on at least two grounds: Misstatement of material facts (i.e., the Chinese provided the sequence on 1/11/20, and Moderna came up with the vaccine formula on 1/13/20, which formula was identical to that developed by the CDC during the same time frame based on the same released sequence). Manipulation of stock price (i.e., Moderna has the ability to develop the vaccine formula in 48 hours on 1/13/20 with just the sequence provided by the Chinese, having not received an actual sample of the virus). This second point is especially relevant today, as J&J's "old-school" vaccine is being halted, and Moderna's stock price has risen significantly as a result. A person with substance would take actions. If you truly believe that Moderna's CEO was lying, I beg you to find the best securities law attorney you can find and file your lawsuit today! The relevant link is provided below to support your case:
  13. Technically speaking, no. LNG must evaporate to form gaseous methane. Pure methane is also not technically an explosive because it does not include an oxidant. When methane is mixed with air, the mixture is explosive. A properly-constructed FAE (fuel-air-explosive) bomb can produce a very large explosion. A house full of natural gas from a leak can explode. But a tank full of LNG will not explode.
  14. Crude production in the Permian basin will reach 4.466 million barrels a day in May, the most in a year, and rig counts have touched a one-year high, according to the latest data from the Energy Information Administration. View the full article
  15. “At Petronas, we are continuously looking to create value with disruptive technologies that offer optimum solutions. Utilizing AVEVA Unified Supply Chain software, we have been able to adopt a more integrated business process, that optimizes our productivity, allowing us to deliver with less,” said Yusri Yusof, vice president of refining and trading at Petronas. View the full article
  16. An alternate thought: never give the accountants control of the requirements specifications...unless the accountants are willing to let their own children freeze in the dark.
  17. A paper on the performance of wind power in Denmark produced last year by Gordon Hughes, a professor of economics at the University of Edinburgh, says this about power markets following the advent of renewable energy. "Market prices are determined by the variable costs of operating marginal plants. During periods of moderate or high solar or wind production, market prices are low and occasionally negative. At other times, gas plants are the marginal suppliers but in the last decade they have not earned a sufficient marginal price to keep open existing gas plants, let alone build new ones. The consequence is that electricity systems have to rely on capacity contracts for backup generators or providers of storage services in order to maintain electricity supplies. The costs of such contracts plus subsidies for renewable generators are funded by fixed consumer levies, with the result that the gap between market prices and the prices paid by users has grown and will continue to increase. In effect, the power market is becoming a market that determines short term dispatch, but it is substantially separate from the energy market for industrial and other consumers." My point in quoting this part of his paper is to illustrate the lengths to which grid operators have to go to keep grids functioning 24/7, and the additional expense required. Renewables are not easy or cheap. They are expensive and hard to manage.
  18. Please consider using your ideas in the biomethane area. It can be made quickly and is more marketable to greenies than regular natural gas. Here is my topic on it: We do have a secton on the natural gas industry as a whole.
  19. Last week
  20. If that is the case, that shows a need for more government oversight, more regulations, more fees for government inspections etc. Same with flaring etc.
  21. Saudi Arabia will supply all the crude oil that was requested by India’s state-owned refiners and at least five other Asian customers next month as the linchpin producer starts to ramp up output. View the full article
  22. TGS anticipates significant uplift in quality beyond the original PSTM data which was acquired in 2012. Utilization of modern imaging techniques, including full waveform inversion, will enable a significantly enhanced evaluation of the prospectivity of the area. View the full article
  23. One of the world’s largest semi-submersible, heavy-lift crane platforms has been awarded the ABS Integrated Software Quality Management (ISQM) notation, recognizing its risk-based approach to critical software control safety systems. View the full article
  24. Halliburton has signed an eight-year contract with the Norwegian Petroleum Directorate to deploy and operate Diskos, the Norwegian national repository of seismic, well, and production data for the oil and gas industry. View the full article
  25. Oil has gotten stuck in recent weeks, as traders look for more signs of a recovery in consumption from the Covid-19 pandemic. Trading volumes fell below their 15-day average every day last week as the market awaits a breakout. In the meantime, the OPEC+ alliance agreed to add more barrels from May. View the full article
  26. 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 These interactive presentations contain the latest oil & gas production data from all 16,302 horizontal wells in North Dakota that started production from 2005 onward, through February. Total production Oil production in North Dakota from horizontal wells fell by 6% m-o-m, to 1.05 million bo/d in February, based on preliminary data. Only 1 well came online every day in the first 2 months, on average, while more than 2 are required to sustain the current output. Well status In the bottom chart of the 4th tab (“Well status”), you’ll find that now 7 thousand horizontal wells here (just over 40% of the total) are producing at a rate below 25 barrels of oil per day, which for many will start to become challenging to operate profitably. This is more than 3 times the number compared with 5 years ago (2,273 in Feb 2016). Top operators The final tab shows the top 10 operators in the basin. Continental Resources, Hess and Marathon are the 3 largest producers, despite being below their historical output records. Water production In the 4 core counties of the Bakken, 1.2 barrels of water are produced for each barrel of oil. The following screenshot from our Water Production dashboard shows the location of all the wells here that began production since 2008, colored by the water/oil ratio in the most recent month: Water production in the heart of the Bakken. The charts on the right show the water production rate (top chart) and the water/oil ratio (bottom chart) over time, by vintage of production start. A striking finding is that the water production rate doesn’t seem to be dropping for the older wells (2008/2009), on average, although their water/oil ratio at just over 0.5 is still lower than newer wells, as you’ll see in the bottom chart. Finally Later this week or early next week we will have a new post on the Permian. Sources For these presentations, I used data gathered from the following sources: DMR of North Dakota. These presentations only show the production from horizontal wells; a small amount (about 40 kbo/d) is produced from conventional vertical wells. 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
  27. Total CEO Patrick Pouyanne called the pacts a historic milestone for the production work and export pipeline that will draw more than $10 billion of investment. “It’s a very large development, one of the largest that will be developed on this continent,” though just the beginning of a process that will see oil flow in early 2025, he said. View the full article
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