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  1. Today
  2. I wont buy an EV until it does a genuine 500 miles+ in the cold with the heating on full blast. I will buy one when that is a reality which seems a long way off with current battery technology. I drive a 2 year old BMW 330e PHEV and it claims to give you 41 miles of electric driving. Yesterday in the cold it gave me 18 miles and when you put the heating on and heated seats it'll give you more like 11 miles. It is a great car overall but the range claims are bogus and drop by 40% within a year. Several guys at work drive Teslas and their range claims are total fantasy!
  3. This prediction has worked out well as gas coil and oil prices have all fallen and US dependcy on coal and gas for power generation is falling by the month
  4. Yesterday
  5. Let's update the product supplied numbers. US:+1.2% YTD, that includes that massive bounce expected from air travel. lol. Exported product is now +4% versus last year of -4%. Oil to commercial producers runs at 28 days, there is ample supply There is nothing stressed in the oil market that I can see and illuded too 12-6 months ago.
  6. What's the war got to do with gas prices? Nothing has come from Russia in the last 6 months. What is pertinent is the extra Triliion cubic feet sat in European storage compared to this time last year. The real question is at what point do we see an absolute route in Natural Gas prices in the EU. Its not like the EU were short of gas after the winter of 2022, it still has 1.2 trillion cubic feet!
  7. EXCERPT Only 15 years ago, the European Union produced more natural gas than Russia exported, according to the EIA. Daniel Lacalle (Madrid, 1967). PhD Economist and Fund Manager. Author of bestsellers "Life In The Financial Markets" and "The Energy World Is Flat" as well as "Escape From the Central Bank Trap". Daniel Lacalle (Madrid, 1967). PhD Economist and Fund Manager. Frequent collaborator with CNBC, Bloomberg, CNN, Hedgeye, Epoch Times, Mises Institute, BBN Times, Wall Street Journal, El Español, A3 Media and 13TV. Holds the CIIA (Certified International Investment Analyst) and masters in Economic Investigation and IESE. https://www.zerohedge.com/energy/european-unions-misguided-energy-price-cap-proposal https://www.dlacalle.com/en/the-european-unions-misguided-energy-price-cap-proposal/ The European Union’s Misguided Energy Price Cap Proposal 27 November, 2022 Only 15 years ago, the European Union produced more natural gas than Russia exported, according to the EIA. Repeating past mistakes and maintaining a failed energetic interventionist policy would only worsen what is already a structural disaster. The prohibitive cost of electricity and gas in Europe is not a result of market flaws, but of a completely unsustainable cost structure where consumers are forced to pay escalating taxes, a hidden CO2 tax, subsidies, and other rising regulatory costs. More than 60% of an average euro area country household bill is made up of taxes and regulated costs, according to Eurostat. Brussels cannot turn water into wine, and, similarly, the European Union cannot “cap” the price of natural gas and oil. It is almost ironic, but European leaders are spending days debating whether to impose a cap on Russian oil that would be set above the current Urals price and significantly above the five-year average levels. The only thing that these so-called “caps” would achieve in a global energy market is to provide a massive subsidy that would then have to be repaid with higher tariffs or taxes afterwards. In Spain they already made the horrifying mistake that led to what was called the tariff deficit: Putting a cap on a tariff and passing the difference with the actual price to the following year with added interest charges. What the tariff deficit mechanism did was perpetuate higher tariffs even in periods of low commodity prices as the tariff deficit ballooned. The proposed gas cap would produce a comparable tariff deficit but at an enormous level if implemented throughout Europe. Additionally, in a globalized and international market, the cap would create enormous arbitrage incentives that would only benefit China, which would continue purchasing cheap Russian commodities and exporting to Europe its more competitive goods. We must not forget that the natural gas “cap” in Spain has been a genuine catastrophe. Elevating it to Europe would be worse. According to Enagas data, natural gas demand in Spain soared while it declined in the rest of Europe, due to the disguised subsidy that the “cap” entails. Additionally, the cost of the measure for the country has increased to 13 billion euros, according to the power sector, which all citizens will pay with higher taxes, and this has led to a massive transfer of funds to France, which benefits from purchasing subsidized energy from Spain at a discount price while Spanish consumers pay the cost in higher bills. The total cost of exports to France has exceeded 715 million euros (from 15 June to 4th November, according to sources of the power sector). Additionally, a significant increase in tariffs (+98 €/MWh) is added for clients with fixed contracts, converting their fixed contracts into variable ones due to the subsidy of natural gas prices. The creation of a tariff deficit, which is what the current proposal would do to Europe, implies higher future costs and a larger debt burden. Short-term price “cuts” on gas and oil disguise the reality, incentivize demand while also creating an overcharge whose financing will result in higher prices and taxes in the future. A European gas and oil cap causes no harm to Russia at all. We should have learned by now and that through exports to China, India, and other Asian countries, Russia continues to set trade surplus records. A European “cap” on Russian gas and oil would be a subsidy to China at the expense of European taxpayers. Additionally, by short-term subsidizing the price, the gas cap would create an artificial demand and a perverse incentive. More natural gas consumption and the long-term reliance on fossil fuels is maintained. A cap on natural gas prices leads to higher consumption of fossil fuels, higher taxes, and bills while it penalizes renewable investment and a competitive energy transition. What should the European Union do then? The European Union needs a competitive energy policy that makes use of all available technologies. Eliminating, delaying, and placing bureaucratic barriers to investments in supply-chain security is a luxury no nation can afford. . Use the EU’ extraordinary tax receipts from the sale of CO2 emission rights, which are estimated at more than twenty billion euro in the EU for 2022, to lower tariffs for the neediest families. . Reduce the taxes on gasoline and gasoil that are more than 50% of the final price for the least fortunate and small businesses. The same for natural gas, where taxes add up to more than 30% of the tariff. . Reduce the regulated costs burden included in consumer tariffs. Most of those regulated costs and subsidies have nothing to do with energy consumption and ought to be included in each country’s budget. . Extend the life of nuclear plants and invest in new reactors. . Support renewable energy eliminating the regulatory risk that negatively impacts capital attraction. . Supporting renewable energy means securing the necessary amounts of lithium, copper, and cobalt. . Facilitate investments in natural gas development and lifting the ban on the exploration and exploitation of unconventional gas. . Reach long-term contracts with the major producers of liquefied natural gas, as China did when it closed its 27-year contract with Qatar. . Eliminate taxes imposed on energy companies. They are the key to invest in security of supply. . Strengthening the security of supply and stability provided by hydroelectric energy through contract extensions and investments in mini hydro. . Provide tax benefits for investing in cogeneration. . Supporting long-term investments in grid and networks and energy sources like green hydrogen with tax benefits. The most important lesson is that the European Union will not solve an energy crisis created by interventionism by adding more bureaucracy, legal and regulatory instability and penalizing with higher taxes those that can invest in energy security. The energy crisis, which was already a high-cost issue for European citizens in 2019, will become a price and supply issue soon if the European Union disregards these measures and continues to impose interventionist policies, raising taxes and imposing idealistic and industrially unviable models. If the necessity of securing supply and mining of copper, cobalt, lithium, and rare earth metals is not understood, together with the need to strengthen nuclear, natural gas and hydro, the European Union will switch from being dependent on Russia to being dependent on Russia and China.
  8. https://www.zerohedge.com/personal-finance/consumer-economy-has-completely-collapsed-its-ghost-town-holiday-shopping The Consumer Economy Has Completely Collapsed – "It's A Ghost Town" For Holiday Shopping Everywhere by Tyler Durden Sunday, Nov 27, 2022 - 04:30 PM Authored by Sundance via TheConservativeTreehouse.com, “Crowds? I see nothing. I’m surprised,” retail worker Jeremy Pritchett told FOX 2. “Normally, it’s wrapped all the way around the building. Today: no one.” That’s the typical ground report from areas all over the country. No one, literally almost no one, is doing any holiday shopping and the traditional Black Friday rush to get deals and discounts just didn’t happen. Financial media are scratching their puzzlers, perplexed with furrowed brows. Interestingly, almost every financial media outlet is using the same Retail Federation talking point about anticipating an 8% increase in holiday sales this year. Apparently, pretenses must be maintained. Meanwhile, news crews and camera crews are having a desperate time finding any holiday shopping to use as background footage for the claims that sales are strong. “Look, over there. There’s a person buying something. Oh, wait, no, that’s just an employee dusting the empty cash register.” At a certain point, one would have to believe reality would run head-first into the mass delusional pretending. Maybe this holiday season will be it, maybe not. Reuters – […] About 166 million people were planning to shop from Thursday’s Thanksgiving holiday through this coming “Cyber Monday,” according to the National Retail Federation, almost 8 million more than last year. But with sporadic rain in some parts of the country, stores were less busy than usual on Black Friday. “Usually at this time of the year you struggle to find parking. This year, I haven’t had an issue getting a parking spot,” said Marshal Cohen, chief industry adviser of the NPD Group Inc. “It’s a lot of social shopping, everybody is only looking to get what they need. There is no sense of urgency,” Cohen added, based on his store checks in New York, New Jersey, Maryland and Virginia. At the American Dream mall in East Rutherford, New Jersey, there were no lines outside stores. A Toys ‘R’ Us employee was handing out flyers with a list of the Black Friday “door buster” promotions. (read more) It’s almost Kafkaesque to see how the media are continuing to maintain economic pretenses, yet the reality of a completely collapsed consumer economy is physically staring them in the face. (Bloomberg) – Activity Light at One San Francisco Mall (4:40 p.m.) – At the Stonestown mall in San Francisco, shoppers were few and far between. The Target and Zara stores were mostly empty, and there was no line for the mall’s Santa Claus. Uniqlo and Apple were the busiest locations, but they still weren’t crowded. […] Crowds were thin in the late morning at the Stamford Town Center mall. Kay Jeweler, empty. Safavieh, empty. Only a couple of people waited at the checkout line at Forever 21 and just a few were in line for a purchase at Barnes & Noble. […] At a Target store on Chicago’s North Side, the parking lot was barely half full at about 9 a.m. local time. Shoppers were greeted with $3 ornaments and discounted Christmas trees when entering, and the store seemed calm and relatively quiet. […] The Macy’s in Stamford, Connecticut, was neat and orderly — maybe a little too neat and orderly on a day associated with shopping chaos. The furniture section was nearly deserted, though there were more shoppers looking at shoes. (read more)
  9. https://www.zerohedge.com/weather/atmospheric-chess-pieces-align-polar-vortex-may-unleash-arctic-blast-far-deep-south "Atmospheric Chess Pieces Align": Polar Vortex May Unleash Arctic Blast As Far As Deep South by Tyler Durden Sunday, Nov 27, 2022 - 04:00 PM Ever so often, the polar vortex dips south over North America from its usual perch in the Arctic and brings a blast of cold air. The next arrival appears imminent, potentially as early as the first week of December, over the eastern half of the US. According to freelance meteorologist Mike Masco, a "monster negative NAO [North Atlantic Oscillation] signal showing the pattern will reload the cold FAST as the atmospheric chess pieces align to produce major cold & potential polar vortex into the eastern/northern USA Dec. 5 & Beyond." Masco said, "consider topping off Oil/propane tanks soon if that's your heating mode." Others say a polar vortex will plunge temperatures below freezing across the Deep South, mainly in Alabama, Louisiana, and South Carolina, by Dec. 13. Average temperatures in Washington, DC, will peak around 60 degrees Fahrenheit on Dec. 6 and begin to slide to about 26 degrees by Dec. 12. Temperatures across North Carolina will plunge from the low 60s to sub-freezing by Dec. 12. The same for South Carolina. As well as Georgia. The cold air will even pour into Florida. On a regional basis, Midwest temperatures will average around 20 degrees by Dec. 12. Southeast temperatures will plunge to freezing conditions. The cold blast will be so severe that temperatures across the country, on average, will be driven down to around 35 degrees. And look at heating degree days for the South East .... the cold blast will send heating demand through the roof. However, Phil Flynn, senior analyst at Price Futures Group in Chicago, told Reuters that even though "the forecast seems to suggest we are going to see this polar vortex... (traders are) pulling back some of their positions on the anticipation, the cold blast might not be as far-reaching as originally feared." Last week, Houston-based energy firm Criterion Research explained that the US "officially flipped over to withdrawal season" as heating demand begins to rise. What appears to be an upcoming cold blast may only suggest US natural gas prices could rise even higher. Enjoy the warm weather while it lasts -- because if forecasts hold up, a polar vortex could plunge a large swath of the US into a deep freeze.
  10. Last week
  11. Biden Screws Americans on their 401(k)s with ESG regulations (It was sneaky...happening on Thanksgiving week. See this: https://www.zerohedge.com/political/thanksgiving-biden-stuffs-americas-401ks-esg WSJ editorial: Biden Puts Your 401(k) to ESG Work The Biden regulatory machine doesn’t rest, even in Thanksgiving week. On Tuesday the Labor Department finalized a rule that empowers retirement plan sponsors to invest based on environmental, social and governance (ESG) factors and put your 401(k) to progressive political work. The Labor Department casts its rule as a mere clarification of the 1974 Employee Retirement Income Security Act (Erisa), which requires that retirement plan sponsors act “solely in the interest” of participants and beneficiaries. A Trump Labor rule barred retirement managers from considering factors that weren’t material to financial performance and risk. Asset managers and union pension plans claimed the Trump rule limited their discretion to consider such ESG factors as climate, workforce diversity and labor relations. The Biden DOL says it created a “chilling effect” on ESG investing. Its replacement rule gives plan sponsors nearly unlimited discretion and legal protection to invest based on these often political considerations. “A fiduciary may reasonably conclude that climate-related factors” including “government regulations and policies to mitigate climate change, can be relevant to a risk/return analysis of an investment,” the rule says. Ditto workforce diversity, inclusion and labor relations since they may affect employee hiring, retention and productivity. …. The main point of the Biden rule is to give legal protection to retirement plan fiduciaries that invest based on ESG. A secondary goal is to steer more retirement savings into ESG funds that often charge higher fees by allowing retirement sponsors to offer them as default options in 401(k) plans. Workers automatically enrolled in default funds can opt out, but they usually don’t. AND FTX had stellar ESG ratings right before implosion FTX Bankruptcy Exposes ESG’s Flaws ESG ratings agencies such as S&P Global, MSCI, Sustainalytics, and Truvalue Labs calculate scores for individual companies and compile ESG indices based on a variety of factors such as the degree of diversity among board directors, exposure to greenhouse gas emissions, firearms, and human rights violations. According to an ESG score from Truvalue Labs, FTX scored higher on “leadership and governance” than ExxonMobil. However, FTX’s new CEO overseeing the bankruptcy stated, when talking about FTX, that he had never “seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information.” Although still under investigation, FTX has been accused of several corporate governance failures. The company lacked a coherent board of directors. It also allegedly transferred customer funds to crypto hedge fund Alameda Research to conduct speculative transactions, failed to establish proper cash management procedures, and possessed unaudited financials. When Sam Bankman-Fried (SBF) led FTX, the company prided itself on its social and environmental activism. The FTX Foundation, FTX’s charity arm, stated its dedication to climate change, animal welfare, and future pandemic prevention. The Foundation established projects such as the Future Fund, which was funded mainly by FTX’s top leaders, to “make grants to nonprofits and individuals, and investments in socially-impactful companies.” While noble causes at face value, the board of directors’ fiduciary duty is to its shareholders and ensuring the maximization of financial returns. Too much focus on ancillary ESG factors distracts from a company’s fiduciary duty. WSJ editorial: Sam Bankman-Fried Becomes an ESG Truth-Teller Mr. Bankman-Fried is also acknowledging that he genuflected to regulators and Democratic lawmakers to win political protection. ESG ratings company Truvalue Labs even gave FTX a higher score on “leadership and governance” than Exxon Mobil, though the crypto exchange had only three directors on its board. The directors were Mr. Bankman-Fried, another FTX executive and an outside attorney. Truvalue Labs says FTX was given an overall “laggard” score. “ESG has been perverted beyond recognition,” Mr. Bankman-Fried confessed in an interview this week with Vox in which he also acknowledged that his advocacy for strong crypto regulations was “just PR.” He said he feels “bad for those who get” harmed by “this dumb game we woke westerners play where we say all the right shiboleths [sic] and so everyone likes us.” Ah, yes, the poor saps who invest in companies because they claim to be sustainable. JDSupra: Evaluating ESG In The Aftermath of FTX At this time, there is no fully agreed-upon measure of what items should be evaluated in determining an ESG score, and there also is no agreement on how these items should be evaluated. That remains up to the individual entity itself, which obviously causes problems. There are organizations that try to publish their own guidelines about how to do this, but so far there is no “rating agency” using metrics generally agreed-upon in the same way as Moody’s and Standard & Poors work in the financial agency (although we saw in 2008 how susceptible they are to malfeasance). Now comes FTX, which in one day literally wiped out billions of dollars of shareholder value, and is threatening the entire crypto-currency industry. As more information comes out about FTX, it becomes more likely that even the most basic levels of corporate governance and institutional transparency may not have been met. Indeed FTX’s new CEO, John J. Ray III, wrote in a bankruptcy court filing that “never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.” What makes this failure at FTX relevant to the corporate, governmental and airport world is that, just last week, it became public that one of the agencies trying to rate companies for ESG, Truvalue Labs, had given FTX a higher ESG score for governance than it had given to Exxon Mobil. Again, this score was given to FTX by an ESG rater despite the fact that it appears FTX had almost no level of corporate governance. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The Employee Retirement Income Security Act (ERISA) of 1974 is a U.S. federal tax and labor law that establishes minimum standards for pension plans in private industry. ERISA imposes a fiduciary duty on these players, and in one particular, the employers in selecting appropriate funds for default choices in 401(k)s. Before this latest move by the Biden admin, the fiduciary duty meant the focus was the financial performance of the fund (and thus focused on the investment strategy and the fees charged), and so this kept a rein on how outlandish the funds could get. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Points and Figures: The Newest Web: ESG Investing is a Fraud But, if you are a mom-and-pop, you might put your money in a Fidelity-type fund. Due to the change in language, the manager of that fund can now invest into companies that will yield zero or negative return and suffer no consequences from doing it. Not only that, the government has shielded them from legal consequences as well. The line about how the Trump administration verbiage “chilled” investment into these sorts of entities is telling. The language was put in to prevent fraud. That bad orange man Trump “limited their financial discretion”. Oh, the humanity. They might actually have to compete and earn the best return on investment for their customers. The people in the game can’t play the game if they have to suffer legal consequences for playing it. They have to compete. They don’t want to compete because they might lose. All this stuff that is being rammed down your throat invites fraud. It’s an engraved invitation with no RSVP on it. Come when you want as long as you toe the line. When you don’t have standards, you can’t have competency. If you can’t be held accountable, then you can do anything you want in the name of whatever cause du jour is the current thing. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Some script taken from... https://marypatcampbell.substack.com/p/esg-and-erisa-pity-the-poor-tort
  12. https://www.corbettreport.com/moric-alarm/ 32 minute interview Ringing the Alarm on The Hrvoje Morić Show Corbett • 11/26/2022 RECORDED NOV 21: James joins Hrvoje Morić on The Hrvoje Morić Show on TNTRadio to discuss the latest lies from the war in Ukraine, the CBDC psyop and how we need to get serious about fighting the war on us all that constitutes the real Third World War. Watch on Archive / BitChute / Odysee / Rokfin / Substack / Download the mp4 SHOW NOTES The Hrvoje Morić Show NATO Parliamentary Assembly designates Russia as a terrorist state, calls for Tribunal reddit's galaxy brains weigh in Zelenskyy addresses NATO PA as lawmakers underscore support for Ukraine’s resistance against Russia’s “terrorist” regime Not supporting the Not-War is not okay (Russians arrested for saying "No to war") “Trusting the Plan” in the Russian World Is Life Threatening (Kherson withdrawal) Putin ally Viktor Medvedchuk exchanged for 200 Azov Battalion fighters FLASHBACK: Michael Murphy and G. Edward Griffin on Stratospheric Aerosol Injection (2010) No Longer a Conspiracy Theory: CIA Director John Brennan Admits Plans of Aerosol Spraying for Geoengineering Are We Ready for a New World Order? | WGS2022 G20 leaders declare global digital health network Episode 328 - The Bitcoin Psyop What Is The Bitcoin Psyop? - Questions For Corbett #086 Episode 433 - CBDCs: Beyond the Basics How BlackRock Conquered the World - Part 1 / Part 2 Larry Fink's 2022 Letter to CEOs Brazilians protesting election results have their bank accounts frozen Filed in: Interviews • Videos Tagged with: cbdc • chemtrails • geopolitics • russia • ukraine • war
  13. EXCERPTS: By 2035, a charging station could demand as much power as a sports arena or small town. National Grid expects by 2035, large charging stations serving EVs, from SUVs and pickup trucks to delivery vans and semi-trucks, would require 19 megawatts of peak power -- that's approximately what a small town uses. In 2045, those large charging stations could demand upwards of 30 megawatts of capacity, with peak usage of a large manufacturing plant. https://www.zerohedge.com/technology/ev-charging-stations-2035-will-need-more-power-small-town EV Charging Stations By 2035 Will Need More Power Than A Small Town by Tyler Durden Saturday, Nov 26, 2022 - 10:00 PM A new report from the electricity and gas utility National Grid (which serves parts of New York and Massachusetts) found a rapid increase in electric vehicles on the city streets and highways will require upgraded power grids to handle all the new demand. By 2035, a charging station could demand as much power as a sports arena or small town. National Grid expects by 2035, large charging stations serving EVs, from SUVs and pickup trucks to delivery vans and semi-trucks, would require 19 megawatts of peak power -- that's approximately what a small town uses. In 2045, those large charging stations could demand upwards of 30 megawatts of capacity, with peak usage of a large manufacturing plant. National Grid said current charging stations couldn't serve the EV demand of the future, indicating significant power-grid improvements would be needed. It said expanding the charging infrastructure would take time: "Building these high-voltage interconnections and upgrades can take years, which is why it's important to take action right now. "By making 'no-regrets' upgrades at 'no-regrets' sites, we can make sure fast-charging is there when drivers need it—and not a moment too late," the report said. Today, the impact of EV charging on the grid is small, and there is enough excess capacity to handle the current fleet of cars, SUVs, vans, and pickup trucks. As EV adoption expands, so will the electricity demand, and as we've noted, nuclear power generation will be the best form of on-demand clean energy. The White House understands nuclear is the future for a sustainable clean grid, as they rush to secure a "large amount" of funding for a domestic uranium strategy. Unreliable solar and wind won't be enough to power the Biden administration's ambitious plan for half of all new vehicles sold in 2030 to be electric. Meanwhile, California set a target of 2035 to phase out the sale of new gasoline-powered light-duty vehicles. Momentum is certainly building to electrifying vehicle fleets. In doing so, increasing investments in zero-emission nuclear power production and sourcing uranium domestically will be the key to sustainably powering future EV demand.
  14. 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 oil & gas production data from all 27,476 horizontal wells in the Eagle Ford region, that have started producing from 2008 onward, through July. Total production Tight oil production in the Eagle Ford has hovered at around 1.05 million b/d since the start of this year, near the lowest levels in 9 years, and came in at just above 1 million in July (there will still be some minor upward revisions). If you switch product to ‘gas’, you’ll see that the picture for natural gas is rather different, and that it has been increasing in the last 2 years to just over 6 Bcf/d. Drilling Activity Drilling activity has greatly increased from the lows in 2020, but with 78 rigs drilling horizontal wells (source: Baker Hughes) of which 73 focused on oil, activity is unchanged in the last 5 months: The horizontal rig count in the Eagle Ford and WTI (black line, right hand axis) Well performance Next, we’ll take a closer look at productivity trends in the basin. In the 3rd tab of the interactive presentation above, you will find the production profiles of all wells in the main Eagle Ford formations. So far it is clear that the wells that came online in 2021 are performing slightly better than in earlier years, but it also appears that the wells that began this year are lagging behind. On a normalized basis (normalizing productivity for differences in lateral length), we find that well results have stagnated in the last 6 years, with the horizontal wells starting this year so far under-performing the average in this time frame: Well performance of all wells in the Eagle Ford, as measured by the cum. oil recovered in the first 6 months, per 1k ft of lateral length. Horizontal oil wells since 2011 only. Well status In the 4th tab of the interactive presentation, you will find that over 40% of the 27k horizontal wells in the Eagle Ford now produce less than 10 b/d Top operators The output and well locations of the 10 largest operators in the basin are displayed in the final tab. Oil production of the 4 largest producers in the basin, EOG Resources, ConocoPhillips, Marathon, and Chesapeake has steadily fallen over the years. The increase for Devon in June was driven by its acquisition of Validus Energy. Finally 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. FracFocus.org Visit our blog to read the full post and use the interactive dashboards to gain more insight: https://bit.ly/3UKSBoB
  15. Crude oil prices are tumbling and the measures taken by the OPEC+ to stem the flow has not worked, apart from antagonizing the main Western ally of the de factor leader of the organization, while inadvertently making some form of contribution in making the Biden administration being bruised at the recently conducted midterm polls. The price of crude oil has been falling for weeks and got a short-lived boost last week, when the EIA announced a substantial crude draw. The gloomy, global outlook, however, eclipsed the misplaced optimism and the falling prices continued unabated, when the markets opened for business on Monday. Since it goes without saying the impact of the rising energy costs on the recession, it is interesting to note what President Trump says about the steps that he will take in order to get the economy back on track; since he cannot be restrained by 'Green Commitments', the producers will be anxious to see what he spells out in the coming months, as he never shies away when it comes to taking the energy bull by the horns! Please read this for more:
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  19. Leave it to the current 80-year-old dementia patient at the White House. His handlers, who run the place just give him ice cream to leave his basement in Delaware; they do however have to provide pubescent teenagers for a appearance in public for him to sniff and touch.
  20. Currently Beijing is building over 50% of the world’s new coal-powered electricity plants.
  21. QUOTE from Klaus Schwab: "...we should be very careful in imposing systems. But the Chinese model is certainly a very attractive model for quite a number of countries..." https://www.zerohedge.com/geopolitical/mask-wefs-klaus-schwab-declares-china-role-model The Mask Is Off: WEF's Klaus Schwab Declares China A "Role Model" by Tyler Durden Friday, Nov 25, 2022 - 11:00 AM
  22. The generation that grew up with video games doesn't even carry cash; I have been to some stores that the cashier either gave me back to much or sat there pondering what the correct amount to give. Governments want digital as stated above In the above article as a way to know “ What, When, Why, and How Much you are doing. “ Go to any bank and cash a check for $9,000.00 and see the look you get; then, a second person has to approve. Additionally, they then need to need to hit the vault because no one drawer has that much. Ask for large bills and you really get a look.
  23. There is currently more outstanding debt in all the World then money to pay it back. “ When you see blood in the streets, Buy land”
  24. While financial authorities are fighting for the right to total regulation of cryptocurrencies, the position of virtual assets is gradually strengthening worldwide. Blockchain is becoming popular among stockbrokers, currency speculators and prominent business people, and ordinary people who prefer to transfer their savings into cryptocurrencies. Blockchain is rapidly penetrating the spheres of art, games, and memes. It is as relevant as gambling, and those who play online casinos have definitely heard of casino joefortune login. If you want to get rich, the best way to do it is on the Internet.
  25. Earlier
  26. Find, mine, transport, separate, process, ship to next phase for building, group and set current strpicture, package, load, transport to car manufacturers, offload, stage and stoare, install.
  27. The cryptocurrency market underwent an intense correction in 2022, so much so that some tokens disappeared altogether while others fell in value. Despite this, major companies with billions in revenue are firmly in control of the projects. Many scenarios continue to develop even in the correction phase. Users still continue to believe in bitcoin and its growth, but to expect a 300% price hike in a short period is silly. This is just as interesting to follow as the joe fortune live chat. For me, gambling and cryptocurrency are two of my biggest interests in life.
  28. I'm not sure if I agree with you. Yes, the EU is considering banning travel from the US due to the high number of Covid-19 cases, but I don't think that'sI'm not sure if I agree with you. Yes, the EU is considering banning travel from the US due to the high number of Covid-19 cases, but I don't think that's necessarily a bad thing. For one, it means that US travelers will be spending their money at home, which is good for the US economy. But more importantly, it will help to prevent the spread of the virus. Sure, some people might still travel to Europe despite the ban, but overall I think it would help to reduce the number of cases. And that's a good thing for everyone. Anyway, for your future EU holidays, I recommend using https://www.freetour.com/. There you will find a lot of detailed tours of what to visit in different popular EU locations. Enjoy! necessarily a bad thing.
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