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Showing content with the highest reputation since 12/27/2019 in all areas

  1. 11 points
    People will blame each and every catastrophe or change in recent weather patterns on climate change...whether there is any scientific evidence or not. If you can’t identify the cause, just blame it on climate change! It is then politically incorrect to argue with you.
  2. 9 points
    I was working on the Sedco 135D back around 1985. For those of you not familiar with this rig type, it was a three-legged semi-submersible with the control room located in the center of the rig UNDER the main deck (easier to watch the draft marks on each leg). The rig had been on floating production for a few years and we were going through her to get her ready to go back drilling as Petrobras wanted us to drill two more wells. Anyhow, I was on deck when the PA system announced that I was needed in the control room. When I got there the Barge Engineer asked me to watch the control board for awhile (I had previous Watchstander experience on the old Staflo). As this was easy duty out of the sun, I gladly accepted. After about half an hour I felt that the rig was strangely quiet - rigs are never quiet! I went up to the main deck and not a soul in sight! I looked over under the starboard crane and saw everyone leaning over the handrails looking down at the water. Being human, I walked over and did the same. Lying alongside the rig was a HUGE shark (sea life seems to like the heat and vibration). This thing was at least 25’ long and probably 4’ between the eyes! Now I knew that there were whale sharks off of Brasil, and thought this might be one. The Brasilian divers on board assured me that this type of shark ‘ate people’. I thought that they may be ‘shining me on’ so I told them that I wanted them to launch their boat and check out our production mono-buoy, to which they replied, in very colorful Portuguese, that there was no way on earth that they were getting in the water! I have no idea what type of shark this was, but I really can’t blame the guys for not wanting to get in the water! Working the offshore rigs you used to see some amazing sea life.
  3. 8 points
    Just because a magazine sticks her on their front cover for a month doesn't mean the Western world has chosen her. She has been exploited by the very people who should be protecting her which is abhorrent IMO. The 2 things are very different. Climate activists see a young girl who isn't scared to voice her opinions on a subject she is misinformed on as their poster girl. That's exploitative and just plain wrong. The Western world, from what I have seen, rightly thinks she is the victim of this whole thing and genuinely feels sorry for her. The people behind this are to blame, not Western society.
  4. 8 points
    Maybe, just maybe, the Iranian people are back on track to take back control of their lives and their country. Obviously they will need outside support. I wonder ‘who’ will have the cajones to step up to the plate and give it to them?
  5. 8 points
    Two points to my rebuttal. 1) Climate Change models seem to conveniently exclude this temperature data below. Syndey Morning Herald from 1939 stated that the record high temperature for New South Wales was 125 degrees in 1909. Conveniently, most climate models for Australia seem to start at 1910. Climate cherry picking data. Piss poor "science". 2) Much of the current fires in Australia are attributed to arson by humans, but much of mainstream media refuses to report this fact. Nearly 200 People Arrested Across Australia For Deliberately Starting Bushfires Authorities in Australia have arrested close to 200 people for deliberately starting the bushfires that have devastated the country, yet the media and celebrities continue to blame “climate change” for the disaster. The fires have caused at least 18 deaths, destroyed thousands of homes, millions of hectares of land and killed hundreds of millions of animals. A total of 183 people have been arrested by police in Queensland, NSW, Victoria, South Australia and Tasmania for lighting bushfires over the last few months, figures obtained by news agency AAP show. In New South Wales, 24 people were arrested for arson, risking prison sentences of up to 25 years. In Queensland, police concluded that 103 of the fires had been deliberately lit, with 98 people, 67 of them juveniles, having been identified as the culprits. Around 85 per cent of bushfires are caused by humans either deliberately or accidentally starting them, according to Dr Paul Read, co-director of the National Centre for Research in Bushfire and Arson. Read also highlighted the link between school holidays and kids starting fires, commenting, “School holidays are a prime time for fire bugs, but especially over summer.” The kids have got time to get out there and light, and the most dangerous adults choose hot days.” ... ================================== Perhaps Climate Terrorism by environmentalist extremists are actually to blame. =================================== Similar deliberate misdirection as Southern Africa blaming food shortages on "Climate Change" when in actual fact the white farmers were chased away / killed and the remaining people did not farm the land. Footbullet.
  6. 7 points
    Don't put all your energy "eggs" in one basket. Especially, when it's Russia you're depending on.
  7. 7 points
    I don’t mind trying to get this going, my first Derrickmans job for Santa Fe Drilling onboard Rig140 this is late 1980s. Santa Fe were a great company who fully embraced the promote from within policy, very rarely they would hire above a roughneck position. Santa Fe were merged with Global Marine and soon after GSF was engorged by Transocean. The saying at the time was “all the way with Santa Fe” Great guys, great memories and a swift learning curve for a young man on how to go to work.
  8. 7 points
    That was precisely what people were feeling and why Trump got elected. The depths of destruction left by the errors (or deliberate sabotage) of the financial regulatory system in the US and its counterparts at the BIS - where the collection of idiocies called "Basel III" were passed (and adopted into internal US and EU law), has been clear to Americans and was ignored by the media, government and most of all, those same cads at the Fed who enabled the China bubble that ate everyone's lunch. The Carter era like sense of "malaise" was palpable. Trump offered a path, most of which is workable and is economically and geopolitically correct. To use the shale gas and oil revolution to the US' advantage in rearranging trade relationships, military alliances, and the extent of US involvement in being global cop. He finally picked up the Neo Con idea that China intends to be a successor to the US as global hegemon and that is an existential threat to the US over time. My main issue with him is the emphasis on opposing immigration in policy, and his misogynist and racist expressions and bully tactics in his personal behavior in public. As the intellectually lazy and single track person he is, many say hold your nose and vote for him, because the alternatives are simply more of what buried us in the hole in the first place. People support him fiercely despite the orange bully clown persona, because he is actually doing things that help economic development (except opposing immigration) as opposed to the opposition that do things to promote their own power and just claim to produce a benefit.
  9. 7 points
    The last thing Trump wants is a kinetic war with Iran. Trump waging an economic war on Iran , takes longer but no collateral damage and saves lives. SANCTIONS NOT BOMBS. Trump has let Iran know where the redline is drawn. Iran knows Trump won't let a little thing like an election get in the way of responding to Iran's crossing that line. He will act , unlike previous administration's. I believe Europe might be coming around to Trump's thinking. Watch any developments over next few months. U.S. Democratic Party's 3 year quest for "fake" impeachment emboldened European elite, Russia, China and North Korea to stall , delay and foil any of Trump's agenda. About time Democrats worked for a better America and world. U.S. doesn't need Mideast oil. (Trump has made that clear) U.S. doesn't need NATO. (Trump has made that clear) Trump will ask NATO to get involved in Mideast, thus give them the chance to show NATO is worth keeping.
  10. 7 points
    Khashoggi “journalist” Lol I would put my money on Muslim brotherhood, mossad or deepstate operative (see Josef misfud; along the same vein). Perhaps all 3. and Pretty sure journalist “disappear” in China all the time. Our communist media doesn’t bat an eye. Doesn’t fit their narrative.
  11. 6 points
    Ya think ! ? ! ? Once again, ordinary people are not going along with the narrative being forcibly shoved down their throats by the globalists. The Climate Armageddon folks are gonna need a scarier plan for Doomsday, to get them to accept coughing up loads more tax money and ceding more control to Big Brother Government. 'Costly Blow in the Air': Swedes Think Climate Policy Worst Waste of Taxpayers' Money in 2019 - Poll The authors of the poll explained the Swedes' vote as being due to the fact that while the Swedish government has invested loads of money into climate action policies, the actual amount of carbon dioxide emissions has slightly increased. Swedish citizens have voted for climate policy as the worst waste of taxpayers' money, a poll conducted by the Swedish Taxpayers' Association revealed earlier this week. Out of 18,000 citizens who took part in the poll, about 30 percent voted against national climate policies. The poll says that in Sweden's budget for 2020, 12.6 billion krona ($1.3 billion) has been allocated to climate action, compared with 5.2 billion krona ($547 million) in 2014. Back in 2017, the National Institute of Economic Research even said that the government's budget risked becoming "a costly blow in the air". Given the amount of money and lack of actual positive results for the environment, Gustafsson suggested that it would be more beneficial if the government's funds would be diverted into something valuable. Sweden is one of the leading nations in advocating for environment-friendly initiatives, including trends like electric bicycles and solar cells.
  12. 6 points
    I brought the issue of population growth being the root cause of all ‘green evils’ several times months ago and was ‘shouted down’. It is heartening to see someone else is seeing this.
  13. 6 points
    After a discussion with @Douglas Buckland we thought it may be interesting to try something which relates to our industry at grassroots, the forum could use some diversion from constant ego based discussion, let’s see if we can add some nostalgia to a thread. It would be interesting to hear stories from all our OP crew mates past and present. Please add your favorite oilfield story or experience, photos and memories. Lets have a bit of fun for once. See you in the smoke shack.... James
  14. 6 points
    Never been offshore, which is a shame because with the new rules I don't think I can even visit without doing the helicopter training in the dunk tank etc. I even invented some tech that's being deployed offshore and I don't get to watch, just hope the guys I trained do everything right. Lots of roughneck stories. We were drilling in Montana and there'd been a lot of push back because people were worried we were going to harm the wildlife. The first day we saw a couple of cute antelope standing there watching us from about 200 feet away. The next day there were about 10. The next day there were at least 40. By the 4th day there were so many we couldn't even count them. Of course the reason they were hanging with us was predators. No coyotes, bears or wolves or whatever else wanted to eat them wanted any part of our drilling rig or us I suppose. The people crying about the wildlife weren't on our friends list so they never knew. I was living at an outfitter's log cabin because it beat the 60 or so miles to the nearest hotel. He didn't believe me so I took him out there. I don't know if his jaw ever recovered from being agape so long. He didn't bring a camera either since he didn't believe me. When we took the rig down they all moseyed away, like the show was over.
  15. 6 points
    Heh heh, the Climate Armageddon crowd's desperation is palpable. ZOMG THE WORLD IS GONNA END BECAUSE ORANGE MAN BAD !!!!! Oh, and what the heck was the job of Climate Negotiator in Obama's State Department? How bad can the climate crisis get if Trump wins again? Climate pollution in the US is up under Donald Trump and threatens to undermine international efforts to stall the crisis, especially if he wins re-election this year and secures a second term in the White House. ... ... Andrew Light, a climate negotiator for President Barack Obama’s state department, said the world is taking note of those efforts, but if Trump is re-elected “you are going to see a lot of people who are worried anew about what the US can do.” Americans choosing Trump would send the signal that they don’t care about the climate, Light said. ... ... Under Trump, the oil and gas industry contributing heavily to the climate crisis is thriving. Oil and gas-related industries in the US are planning to build 157 new or expanded plants and expand drilling over the next five years – releasing as much greenhouse gas pollution as 50 new coal-fired power plants, according to a report from the Environmental Integrity Project. ...
  16. 6 points
    Papillon, you have it bass ackwards. For 3 years Trump has been endlessly vilified by Mainstream Media and Hollywood, and Obama held up as a paragon of saintliness. Many Americans are totally fed up with neverending attacks against Trump and against Conservatives in general, while Obama, Clinton and their buddies get a free pass. This is an oil & gas site. Most likely, since many liberals and leftists generally dislike the oil & gas industry, there may be more conservatives on this site than liberals. While I would indeed likely poke fun of the mistake if Pelosi made it, that is an outlier as far as the media in general is concerned. Media says Obama / Clinton / Democrats are wonderful and faultless and Trump / Conservatives evil, ignorant, racist, subhuman garbage. I push back. You are free to poke fun of Trump here. You are free to voice your opinions here. Others are free to poke fun of Pelosi or Obama or whover they want. Remake it is free to continue voicing his / its pro-China (and more recently, pro-Iran) comments. Nobody is actually stopping anyone else from voicing their opinions here. And calling something hypocrisy can be correct, or it can be partially correct, or it can be a deliberate distraction, a Straw Man head fake. I've been a Freedom of Speech activist for many years, long before coming to this site. I encourage dissent. And I also tend to call out BS when I see it. If one's viewpoints and beliefs are incapable of a bit of poking and prodding and questioning by others who have differing viewpoints, then perhaps it might be a good idea to step back and look at the bigger picture and see if some re-evaluation is needed. Memes work, just like a good joke gets others to laugh. A good meme is mostly visual, with minimal text, and a jarring and amusing idea. I'm not very good at making memes, but getting better. And I steal and spread good memes by others. This one was made yesterday by someone else. Pointed.
  17. 6 points
    One picture taken during the inauguration, the other taken hours before. Compared to This picture the audience in attendance is vastly larger. But that didn't fit the narrative. Again your propaganda needs work. Sure Taiwan going with the Nationalist Party was your plan?
  18. 6 points
    Yes we are just as stupid in the UK people actually try and have as many kids as they can with no means of providing for any of them, then the government steps in and gives them a load of cash and a mansion to live in!! meanwhile honest hard working idiots like you and me struggle to get by and are taxed to keep these layabouts in a lifestyle they don’t deserve! Douglas you are 100% correct on this one!
  19. 6 points
    I am not advocating cutting welfare programs, what I am advocating is policing these programs to make sure that they are actually providing a safety net for those it was intended to. When you see well dressed women paying for sirloin steaks and Oreo cookies at the Safeway check out with one of these welfare cards, it is obvious that the system is being abused. To provide a safety net for those in need is one thing, when I see these people living off the taxes of others and eating better than my parents can on social security, I get annoyed. We need to prevent people from gaming the system. I have heard similar comments from British citizens and the ‘dole’. It is not a uniquely American phenomena.
  20. 6 points
    Nope. Exactly the opposite. Large scale welfare encourages people to not work, to not be productive, and to expect a "free" handout from government (all that "free" stuff is taxpayer money). Chicago is a great example. The number of people in Chicago on welfare keeps increasing, decade after decade. If welfare actually worked, the number of people on welfare should steadily decrease, and not increase.
  21. 6 points
    It’s always baffled me how people value someone’s intellect based on their occupation or accent. It is common in the US, and internationally (likely due to their portrayal in Hollywood), to assume an American with a Southern or Appalachian accent is dimwitted. In business, engineering, finance and last but not least, the oilfield, you believe this at your peril. Many of the smartest people that I have met in my career did not have a university degree.
  22. 6 points
    We can add to the list the Germans and the Holocaust and the Belgians in the Congo, and the French in Viet Nam and throughout Africa, Japan in China and Korea. The English in S. Africa and Somalia and India. All of which the US did not do in its history as an imperial power. The communist dictatorships and the Nazis were by far the most murderous, and on a wholly enormous scale. Anyone who smears the US with these kind of accusations had better not be supporting any of the countries on the rogue's list as having the capacity to take a moral stance, particularly the unreformed ones that have yet to take historical responsibility and detach from the social concepts that brought them to the point of mass murder over class allegiance and genocide. There is no moral equivalence between what the US does and what motivates it and your claim. The US intervenes when the cost to itself is not high and when a benefit, geopolitical or economic is available. You can't expect the US to intervene where it has no interests.. And the fact of interests does not negate a moral driver when there is one. The US, with N. American oil sufficiency can leave the ME to blow each other up and butcher the large minorities in each of the countries. But that is not what would happen alone, Europe China and SE Asia all depend on that energy for their survival. They would definitely come in and take over everything they can and leave the locals to fight among themselves without access to oil funds.
  23. 6 points
    For what its worth, I was in the navy. If we had intelligence on some bad actors whereabouts who had recently engaged or killed U.S. personnel.....we put warheads on foreheads. That's how the military works. Never did we seek a proportional response. Our reply was almost always disproportionate by a large margin to send a clear message. Granted, they were clear military targets during wartime, but that was my interpretation of my command and their strategy.
  24. 6 points
    Jabbar, US has many internal problems but it is still OK. US still has money and power to engage in adventures 6,000 miles from its shores. The world is not US toy. People in foreign countries can live and want to live without US invading and killing them. It is that simple. You and 330 million of your compatriots watch these Middle East events as if it is some movie, yes we killed this evil actor yesterday, we can kill them all. But this is real life of 200 million people who are not 6,000 miles from there , but 10 or 20 miles, who live there. Hundred thousand of their relatives were killed by US Army. I KNOW THESE WERE GOOD KILLINGS IN YOUR, AMERICAN EYES. Jabbar, try to think how it would be if you change places with Iraqi. Substitute Americans with Iraqi and vice versa. In 2003 Iraqi army invaded United States on some made cause. They killed President Bush Jr, hanged him at the TV show broadcasted live around the world. They killed about 1% of your nation, that is 3 million Americans,, and another 3% of Americans that is 12 million, mainly kids died out of hunger, diseases and other indirect effects of war. Every week 1,000 Americans die in bomb attacks or other terror. Please think about your extended family, and choose 2 males and 2 kids, maybe your niece or your son, think what it would be like if the males would be killed by Iraqi soldiers still occuppying United States and kids died cause of lack of medicines and hunger. Furthermore in 2015 when US was still under occupation of Iraq, some jihadist mercenaries invaded your country. And US Army was gone cause destroyed by Iraqi Army, but Iraqi Army is still in your country, just sitting in their bases and do not care about jihadists. So jihadists took over some major cities like Philadelphia where part of your family lived, they raped women, some men were beheaded, a lot of people died, the rest fled to Washington and New York. And Jihadi ISIS army was on outskirts of New York where you lived. And then appeared many US heroes who with great courage organized militias and protected Washington and New York from the fate of Philadelphia. Many died as martyrs while protecting their capital. The most popular of them was General GRANT. And you know 2 days ago Iraqi killed your General GRANT (=American Suleimani) because the day before some unarmed Americans were protesting at fortress in Washington that hosts Iraqi Embassy. Try to imagine these alternative reality, you would understand how Iraqi are feeling about United States. I would say: God help Iraqi survive American help.
  25. 6 points
    Like all those feel-good renewable stories you have to dig a little deeper. Denmark has long been claiming high penetration rates from wind. I was looking at this stuff in 09 and nothing much seems to have changed but basically Denmark is a small economy with a lot of wind power capacity. When a lot of wind power comes on its grid it can export the excess across the Baltic for storage in the numerous dams of the much larger economies of Sweden and Norway (just a shipping channel between Denmark and Sweden). When the wind dies they pay to re-import the power. Its an expensive way to run a grid but it does get them to nearly half renewable energy. Norway, incidentally is at 100 per cent renewable because it has masses of hydro power. It is as I've always said. If a grid already has lot of hydro (or access to hydro in Denmark's case), then its much easier to get high penetration rates of wind. Without hydro there's lots of problems. None of this is cheap, as I noted. Denmark's power costs are high even in European terms - a point the article carefully avoids mentioning.
  26. 6 points
    Nope. Totally inaccurate. From memory, while still in office Obama even joked that Trump would need some kind of magic wand to improve the U.S. economy. The rest of the comment appears to be full blown TDS.
  27. 5 points
    Utter Claptrap Clickbait BS. Have you heard of The Flu? Every year 300,000 to 600,000 DIE, dead, tits-up from the flu. About 60,000 - 80,000 people died in the U.S. last year from the Flu. A billion people at least get the flu each year. Yet people keep flying. It's hilarious to me how much people freak out when one of these novel viruses comes out. The Ebola scare was the best. SARS was fun as well. The U.S. media acts like the world is coming to an end because a few hundred or thousand people catch a novel virus and a few (dozen?) die. People buy duct tape and plastic.... Yet Every Single year 60,000-80,000 Americans die all around you from the Flu and nobody gives it a second thought. Your neighbors go in the front door of the hospital upright, come out of the basement in a black body bag at the rate of 450 people every day (450 because the flu is a Winter Sport... it happens over about 6 months). The word NOVEL is the key. It's new, so freak out! Oil prices will collapse, world travel will stop, people will stop going to work, sure.... Why? Because it's not the old way 600,000 people per year die from a virus... It's a NOVEL Way that a few hundred or even a few thousand people will die. HIDE YOUR CHILDREN!!! P.S. I look at the Flu Vaccine every year (and I get one). They are anywhere from 10-20% effective. If your car was 10-20% effective you would sue the car maker and there would be federal hearings. But, somehow the flu vaccine industry can make garbage and get free advertising scaring everyone into getting a shot, that doesn't work. I get one because my doctor gives it to me for free, but they are basically a placebo. Good Luck... hope you survive this CoronaVirus Scourge! If a Coronavirus became a worldwide "plague" and killed 100,000 people a year it would still only be 1/6th as bad as the flu. If it went crazy and killed 2 million people a year by year 3 it wouldn't even make the news anymore. People would just get used to it. "They" all die of something and "I" will never die. Human nature. Governments are happy to let people be afraid of nothing (like ebola) in order to scare up a hundred billion in spending, but something that's actually endemic like Flu is considered "under control" because everyone get's a placebo shot that makes them feel like it can't affect them. If coronavirus gets truly bad the "scare tactics" will be replaced with "nothing to worry about" tactics and a fairly useless shot to make you feel immune.
  28. 5 points
    Thank you Tom. My opinion is I am really pro American and anti-Chinese by general political affiliation, but with bias of the person living in small country, surrounded by strong neighbours with no geographical boundaries. What I really do not like in Americans is how you live in the distant past, in 1990s at best, it is already 2020 btw. I will give you 1 really good example how most of recent US foreign policies is all talk no walk and frequent sabre rattling. Trump policies of China high tech containment, mainly in 5G area/Huawei. April 2018: ZTE was embargoed. Nuclear option used against one of the largest global tech sector companies. US has shown that it can destroy any Chinese company by US export controls. THE PROJECT: China since the day 1 of the ZTE embargo gathered all the political and later economical and scientific resources of the country to prevent success of US policies. All Chinese technology gaps were mapped, especially US technology gaps and vulnerabilities and action plans were made to solve these problems and close these gaps. This project will not stop till is succesfully finished, no matter what would be external situation. It was Day 1 of their Sputnik moment, they doubled down on China 2025, R&D spending etc, technology war started. And US actions ? There was some solution to the ZTE conundrum. But later in 2018 focus of US politics was moved to trade war and tariffs, objectives of second importance. But China knew that technology war has started and still worked with all the might of the country and its businesses to not allow the success of technology containment policies. May 2019: After 13 months of Chinese preparations, United States finally decided to hit Huawei. Because Huawei was preparing for this move for 13 months it was not crippled, to the astonishment of US authorities. All other Chinese companies were also preparing so were also not astonished when further embargos were administered by US. January 2020: We are now 1 year and 9 months (23 months) into Chinese The Project. US actions: Diplomatic offensive to ban Huawei with subtle blackmail of possible US sanctions. Only recently 1.2 billion dollars were allocated for 5G R&D by Congress. Facts: 3 companies are able to provide 5G gear: Ericsson, Nokia and Huawei. Ericcson and Nokia were in deep financial troubles in the last 5 years, so did not have funds to scale up production and invest in R&D. They are behind Huawei and this technology gap is rising cause Huawei spends 15 billion USD on R&D and Nokia and Ericsson about 4-5 billion USD each. They also cannot scale up 5G manufacturing cause are generally much smaller companies still in the survival mode. What US should do ? - Technology embargos cannot be announced 13 months in advance. Their success depends on element of surprise and accross the board application to whole technology sector. Now Chinese are acting in line with worst case scenario, no element of surprise. - US should from Day 1 support both Nokia and Ericcson with substantial R&D grants, lets say 30 billion dollars for each company to be spent in 10 years time. Furthermore companies should be awarded substantial grants to expand manufacturing base in US. Additionally subsidies and tax exemptions should be provided for companies that want to use Nordic telecom equipment. In short: US should be prepared to spend in total 200 billion dollars starting from 2018 to compete with Huawei. With the prospects of reliable supply of 5G equipment by Ericcson/Nokia at competitive prices it would be much easier to convince all allies to not use Huawei equipment. And last but not least: US should create conditions for fast domestic 5G deployment: these frequencies around 3.5 GHz should be made available in 2018, 2019 the latest and not in 2022 This was very pro-American comment in my opinion.
  29. 5 points
    It's not that simple!! Right now there is not only a shortage of pipeline capacity (NG), but a serious backlog of NG infrastructure to complete a even a short 250 mile 3' or 4' diameter line to the Midland refinery. Plus the refinery itself is maxed out. Not all NG is equal, some is very corrosive, some lethal (H2s) and some have lots of liquid. You can tell by the color of the flares the better quality of said gas. My solution would be to centrally locate a massive powerplant instead of them windfarms and solar arrays. Since we import the solar panels from China, we could in theory eliminate them too. The electric grid would get a bonus and is American.
  30. 5 points
    Britan wouldn't have to pay telecoms damages - if there's pending legislation against a product, choosing to purchase and use that product carries inherent risk. The company decided the benefits of a cheaper product were worth the risks that they would have to replace them if it were banned... The US already has 5G in some markets, so this is false. (Some deployments in major cities were made in 2019) Also 5G is a communication standard and is technically frequency independent. That said, it does work better on some frequencies than others (just like all communications signals). There's 3 bands - millimeter (24-72 GHz - best speed, but only short distances), mid-band (2.4 GHz-4.2 GHz - lower speed, but better distance), and low band (600-900 MHz - good distance, but speed is only marginally faster than a good 4G signal. Though you blanket more area in a 'good' signal than 4G). Now, you are correct in that the US is limited by spectrum, but part of that is also that the carriers have used a bunch of this for 4G, and if they switched that spectrum to 5G, their 4G customers (who's phones can't use 5G) would lose bandwidth and therefore experience poor speeds even though they have good signal strength. So until a critical customer mass has 5G capable phones, they're in a catch 22. All this to say the US likely won't have widespread 5G until 2022 or 2023 (when consumers have upgraded phones), but we do 'have' it now in limited markets. Also note that all of Verizon's towers from 2019 on are '5G capable' which means it's a software update to turn them to 5G. They can't do this yet as it would negatively impact their 4G customers, but when they decide to, it's a matter of a remote software push.
  31. 5 points
    A damned good idea! If you study the US CFR’s (Code of Federal Regulations) you can easily see that many are outdated or irrelevant in today’s business environment YET businesses must adhere to each and every one. An expensive, additional cost to doing business.
  32. 5 points
    With the price of natural gas now busting below $2.00, latest quote being $1.985, and no sign that this is a fluke, one overlooked result of this lowered price is a possible increase in the substitution of various plastics for metals. The largest plastic material out there is polyethylene (PE), both in "low density" (LDPE) and "high density" (HDPE) variants. PE can be made from either oil or gas, if from oil, the feedstock is naptha, and if from gas, then ethane is used from wet gas. The ethane is first cracked into ethylene, then that goes into the final plant for conversion into one of hundreds of grades of PE, in solid form as strands that are then cut into pellets. The industry jargon for the pellets is "resin." Costwise, the feedstock can be as much as 70% of the price of the final product. Thus the price of PE, and its main variants LDPE and HDPE, march in tandem to the price of natural gas. At two bucks there is a major incentive to expand the manufacture and use of PE grades, in competition with its alternatives, paper and metal. Even rudimentary products such as the prosaic shipping pallet are sensitive to these price swings. The typical pallet is built up of wood. But it is also possible to manufacture as an injection-molded part of HDPE. The choice is in large part a function of price. Wood is not decreasing in cost, and inside the USA is increasing, as Canadian lumber is facing tariffs. And you have a parallel situation with drums, typically made of metal. The same drum can be blow-molded of PE if the cost of the resin gets low enough. While large amounts of gas are used for power generation and for space heating, don't overlook the new demands that come from price decreases, in the manufacture of plastics. I see increases in demand coming, for all that take-away gas that is getting flared off. There is money to be made.
  33. 5 points
    Ok let’s step away from polarised positions for a moment. do I think Trump is fantastic in everything he does or says? NO. however with what has happened in Iran/Iraq I think he has done very well in the actions and subsequent comments following the missile attacks. there has been no civilian casualties from any US actions. There has been no escalation where previous administrations would most likely have troops on the ground now. No US military have lost their lives. Iranian people are angry with their own administration for the accidental shooting down of a civilian plane. Criticise Trump all you like but I think he has come out of this with a lot of credit, so far.
  34. 5 points
    We used to go whale watching while choppering back to Pointe Noire at the end of the hitch...back when you could get away with it. Did you ever see those big rafts of reeds coming out of the Congo River and heading out to sea during the rainy season in the mountains? Occasionally they would have pigs, goats or even cattle on them! When the light was right you would see hammerhead sharks circling under these reed mats as if they knew it was only a matter of time before the reed mat disintegrated and it was dinnertime.
  35. 5 points
    If only we had cell phones back then, I also saw some amazing natural beauty. While on the Ocean Liberator taking her from Congo to Ivory Coast we were somewhere near a vulcanic island near São Tomé, this island was off limits due to probable canabalism still being practiced. Anyway I stepped out of my office heading to the moon pool and did what everyone is guilty of and leaned on the hand rail for a while looking directly at the ship towing us and my left eye closely at that “island”. After some minutes I started to notice the water on the surface was acting strangely from the ship towing us some 500 meters away an arc from the ship towing us stretching 100s of meters to both port and starboard side of the rig, this is a huge area. The water started to bubble and shimmer, I was thinking gas etc from a Sea Vulcano and then at once from the ship to the rig the ocean just erupted with white Pygmy Dolphins hundreds of thousands jumping out of the water following the rig playing with the towing bridle and just having fun. It’s was a migration phenomenon which has been rarely documented. They appeared for about ten minutes and then as quick as they appeared they were gone. Amazing white dolphins about a foot and a half long filling the ocean. It blew my mind and I was alone who was going to believe me, but luckily the Bridge watch had seen it also as had the ship towing us, but none had a camera, one of the most amazing natural sights I have had the honor of seeing. I tell this story from time to time but most think I am exaggerating , if you have seen normal dolphin or whale migration patterns you will know these things happen, but Pygmy White Dolphins I never knew they existed. Africa never failed to surprise me.
  36. 5 points
    You do realize that the President has the Emergency Powers Act (I believe that is the formal name, Jan will know) that allows him to do what he did, when the opportunity presented itself, without seeking Congressional approval. The Act is good for 30 or 60 days I believe. Trump was essentially trying to prevent a much more dangerous situation, but there is absolutely no way that you would consider this possibility so please do not waste our time responding in your usual fashion....
  37. 5 points
    Just something to consider - the US tracks every foreign naval vessel (including submarines) in real time. There is a screen where you can select 'China' and zoom in on, say, the Pacific ocean (the entire Pacific) and it will show you every Chinese Naval Vessel in that region. You can further select 'Sub' and all but the subs will disappear, or Destroyer, or any other selection. You can click on an individual vessel on that screen and it will pull up detailed information about it. You can also do this for Russia, India, etc. Whatever you want. We have the equipment to identify and track even that Astute class hunter killer sub when sitting on the bottom of the ocean floor, much less everyone else's technology. Let me be clear - Yes, the US Military knows the exact coordinates in real time of every Sub world wide. And, as part of that, there is also a plan to strategically neutralize these faster than they can 'become an active threat against American interests'. (Aka, some targets have to be neutralized within minutes, others have hours, and some even have a day or two...) Just something for your thoughts. (Btw, you can believe me or not. Your call.) Ding!
  38. 5 points
    The Brits or the French would have happily helped Saudi Arabia. A pre WW2 USA didn't try and police the world, just keep the Western Hemisphere clear of European meddling. KIng Abdulaziz picked an American company over the Brits because we didn't bother with anything but the oil Cambodia was definitely a by-product of USA actions. In '69 to '70 our bombing the countryside, supporting an invasion, and undermining the existing government, pretty much completely destabilized the country. What filled the power gap was seriously evil. America didn't make ISIS, but our 2003 invasion and what it set in place certainly enabled it. The USA, IMHO, greatly improved the overall world in the post WW2 world. Have we done much in the MIddle East that hasn't made it worse? Probably not since Desert Storm. To apply a Lyle Lovette line, for the most part "She (USA) wasn't good, but she had good intentions."
  39. 5 points
    Not quite. What you are overlooking is that Chinese ships are not designed to withstand combat damage. Are they compartmentalized? No. Do they use heavy plate? No. Redundant internal systems including steering? No. Can the ship remain operational with a strike to the bridge? No. Do the Chinese have reactive armor? No. Gatling guns? No. One heavy hit, from a smart bomb or missile, and that Chinese ship is bye-bye. What those Chinese littoral combat ships are useful for is intimidating their neighbors, specifically the Philippines and Vietnam. And that's it. Those ships are laughable in combat against the US Navy; no chance, get blown out of the water. It is precisely this reason that the Philippines specifically is attempting to cozy up to the Americans, and inviting the US Navy to re-occupy Subic Bay, and the Air Force to re-occupy Clark Field. They see these Chinese vessels coming and even though those are lightweight they are still surface combatants that can and would project Chinese military might, and certainly do a forcible take-over of every single atoll in the South China Sea, and protect Chinese drillers in taking every single drop of oil, to the exclusion of everyone else. And they can likely get away with it with the Vietnamese, whose navy (if you can call it that) consists of some light motorboats, but not against the USA. The USA is in the current position of being "the policeman of the world," and whenever there is trouble anywhere on the planet, the rest of the world dials 9-1-1 [1-1-2 to you Europeans] and expects the USA to come running with its Navy, and also its Army. And the victims dialing 9-1-1 also do not want to pay for that police service. In the past the US Government and the American people have been mild about that and let the planet get a free ride on its policing services. But being policeman has its costs, and those costs have escalated as a result of the US doing its police work in the countries of the Middle East (including Afghanistan in that descriptive). Now the Americans are getting tired of being world policeman, and that starts to grate when you see old rivals such as Russia yet once again provoking trouble (in Serbia, Bosnia, Herzegovina, Croatia, Kosovo, Georgia, Turkey, Syria, and Ukraine). Of these, the one that likely most irritates the USA is the situation in Ukraine, where the naked land-grabs of Russia are so starkly on display. And what irritates Trump specifically is that his predecessors did nothing, specifically Clinton (with Yugoslavia) and Obama (with Crimea and the Donbas). So Mr. Trump now states, quite clearly, hey if you folks want policeman protection then you have to chip in and help fund it, and you better be nice to American interests. If you don't, then not only do we no longer supply policeman services, but we will sanction your people and companies that actively work with our rivals, both States and terrorists, and if you are going to build pipelines to fund the Russians selling gas (and thereby developing the funds for more mischief) then we will sanction everyone involved, including the pipe-laying companies and ships, and we shall see how you like that. In large part, the policies of Trump's predecessors has been one of "containment," where you try to draw a line on some map and say: "Hey, don't cross that." Unfortunately the containment policies of George Kennan went out the window with the appointment of sycophants during the Bill Clinton administration, made even worse with the appointment of Paul Bremer, the silver-spoon kid from Connecticut. With those abysmal failures, it has become apparent that the US is not very good at nation-building, and Mr. Trump wants the USA out of that business. If the Europeans do not want to do it, and provide security, then the US will (eventually) bow out and enforce its interests by cruise missiles launched from drone aircraft. Don't like it? Too bad, so sad. Meanwhile the USA will take precisely the same attitude towards both China and Russia. The days of some Russian ship doing a sea "bump" mini-collision against a US Navy ship are over. I predict the next time some Russian (or Chinese) commander tries that stunt, he will get his bridge obliterated in a fierce salvo, the command of that ship all dead. Then that ship gets sunk. In the past, the Chinese have aggressively had these mid-air collisions with Navy patrol aircraft, forcing them down on Chinese soil (Hainan Island), then forcing the US to come in and dismantle their plane, and take it out in pieces. Those days are now gone. Some US aircraft gets bumped in the skies and disabled, the entire air fleet from the base that aggressor plane flew out from will get obliterated by guided bombs, every aircraft, building, and runway destroyed. Don't underestimate just how tough Mr. Trump can be. He is not some feather like Clinton.
  40. 5 points
    Okay guys, got a question for you: Do you find the whole Khashoggi murder plot, as described in the media, as a little too orchestrated and implausible? To me, the prevalent theory has a lot of holes in it: The SA hit team flies commercial into an international airport and allows themselves to be captured on CCTV. The SA hit team is again captured on CCTV at the SA embassy. They had to know the locations of each and every camera around their embassy. How were recordings of the murder allowed to be made, and how did they end up in Turkish hands? Finally, if you are going to whack a dissident, why would you even consider doing it at your own embassy? You now have no plausible deniability. Furthermore I would assume taking him out on the street would have been much simpler and would have avoided the whole issue of political murder. If you make the assumption that SA clandestine operatives are simply incredibly incompetent, then the popular narrative makes sense. I fail to believe they were that inept.
  41. 5 points
    If Khashoggi is even dead. More likely he’s in the same place as Josef Misfud or Ghislaine Maxwell. Anyway, yeah, sorry, no sympathy for Poor “mr journalist” khashoggi, from this (moral-free) American. Hmm sell arms to SA fighting Iranian Hezbollah (a mutual enemy); or buck the trend of Big military western industrial complex in ME. Hmmm decisions, decisions. What is sure to get me removed from office, or worse....? Which decision would put the American people first?... keep in mind many Americans don’t buy the Khashoggi journalist bit. Spoiler alert *** Globalist corporations headquartered in the USA have little to no morals left (many years of establishment shills counting their coffers as they sell out the American/western worker; for cheap Asian slave labor). Enter Trump, America first! Wait, hold on... didn’t you say that Khashoggi was “brushed under the rug” Bc he was murdered in SA embassy and not Chinese? Certainly, as you maintain, had it been the Chinese that did the butchering, then, and only then, would us heartless (zero moral) Americans care. “Brushed under the rug” is a modest figure of speech for someone made Time magazine person of the year, “The Guardian of Truth”. 24/7 full court press news cycle for a non American butchered somewhere outside of America. My point is, if your deepstate “journalist” khashoggi was butchered in China he sadly would not have been Time magazine person of the year, “The Guardian of Truth”. A journalist murdered in China, sadly, does not fit the communist media’s narrative. However, Khash was conveniently butchered in Turkey at the SA embassy. What honestly, could hurt USA stability, and/or Trump Presidency more than USA breaking relations with SA? Come on Pap! I know your old but COME ON man!!?!?? I think I have an extra bridge to sell you! 😉
  42. 5 points
    Whataboutism. Thankyou. Instant, like a disease here. Of course you would, that makes hacking him to pieces absolutely fine then. Thankyou also for the picture that American companies will all say and do whatever China apparently wish. I'm not entirely sure what point you are trying to prove with that? I guess that you have no morals in various American industries where there is money is to be made? Good point, I agree. Odd that you admit it so blatantly as an American but thankyou I guess. Like taking candy from a baby as you say. Finally thankyou for completely ignoring the part about selling arms to SA but this is all part of the selective replying that I've grown accustomed to here.
  43. 5 points
    Regarding upstream oil projects, I am under the impression that you want to shoot for a project that will payout in 36-60 months. At least that is what the people in our little century old conventional waterflood field try to do. Sometimes it works out and sometimes it does not, there is a lot of risk and many unforeseen things that can occur, both good and bad. Of course, the money is made after the project pays out. So, that is after the time that you have had your "flush" production. At that point, of course, LOE is crucial. LOE can vary quite a bit, and a lot of that depends on downhole failure rates. I do not have personal experience with deep horizontal wells, but I have read a lot of LOS for shale well interests that are for sale on the internet auctions. It seems that LOE varies greatly well to well and month to month. I have seen wells with no downhole failures for an entire year. I have seen wells with 3-5 downhole failures in a year. It appears to me after 60 months most shale wells are nearing "stripper" classification. 15 BOPD. I suppose in the Bakken the production rates after 60 months are higher, maybe so in the Permian. Again, have to remember these are wells with a total depth of 10,000' - 20,000'. I assume one tubing job runs at least $25K? I also assume there are downhole issues that appear over time with laterals? Again, I do not know, I only deal with straight holes (really like the old cable tool holes, much straighter than the newer rotary holes - therefore fewer failures). I assume in the rush to drill these wells as fast as possible these 100,000+ shale wells all have vertical sections that are straight as an arrow? I sure hope so for the operators' sakes. (Shellman says EOG has a time near him with failures due to what I call crooked verticals). Also, I see that many are produced with submersibles. We have a little experience with submersibles, and it is not good. Seems you have to pull those more than you do those pumped with a pumping unit. And the repair cost for those submersibles is not cheap, nor are they cheap to buy begin with. This is the problem with shale wells. They become stripper wells fairly quickly, despite costing $5-12 million, depending on where you are at and what problems you do or do not encounter. In the end, all of these companies are going to be operating stripper wells just like everyone else in US lower 48. Stripper wells work very well at $80+ WTI. Business is not so good at sub $50 WTI, it is mediocre at the prices we have had for 2018 and 2019, with 2018 being a lot better. In 2015-2016, when the price crashed, I did a lot of shale well calculations because the shale companies were saying that they could make a good return at $50 WTI, then $40 WTI, then $30 WTI. With these pronouncements, the traders just kept pushing oil down, until it got so low Saudi and Russia acted. I did these calculations because I was worried if the shale guys were correct, and could make big time money at $30 WTI, our little stripper wells would all need to be plugged and we were finished. I did enough calculations to become convinced that shale generally does not work at sub $50 WTI. It works somewhat in the range of $50-65 WTI. It does much better above $65 WTI. Some companies need much higher prices than $65 WTI to also service the debt. In my calculations I also figured in natural gas, but assumed a price of $3. Seems it has mostly been worse than $3. That is too bad. The Hugoton Field is one I am familiar with, and it has been practically destroyed by shale. In my calculations I did the checkbook approach, because after all, if you are an etal in one of these, they send you a bill for every cost they incur, during the month they incurred it. Sunk costs are still costs in my checkbook. I will admit that on most of the calculations I did, I did not include land. Land can be a big expense, or no expense. It is a tough one for sure. Also, I did not include "off-lease" product or water gathering systems. I know there is a lot of infrastructure being built to handle all of that water. Not sure how to allocate it, so I didn't. I guess maybe someone can explain why XOM is spending so much CAPEX on shale and still is not showing much in the way of GAAP earnings for its upstream US operations, if shale works so well at $30 or $40 WTI? Doesn't XOM have more rigs running in the lower 48 right now than anyone else? I think CVX is doing better because they own a lot of royalty. Much better deal when NRI is 95-100% as opposed to the typical 75-80%. I am jealous of the folks who own the royalty. They are definitely the real winners regarding shale. At least as long as they did not go non-consent. I know someone from my neck of the woods who inherited a lot of ND mineral acreage, and went non-consent. Was a bad deal in the end for sure. I rarely see NRI better than 80% for non-operated WI in shale wells on the internet auctions. There are not as many operated shale well interests for sale, but again, the ones I see are usually 75-80% NRI (or should I type .75000000 to .80000000?). My view is that shale is generally high cost oil, and my view was not developed out of emotion so much as out of trying to figure out if we should unload everything ASAP for next to nothing so we would not have to plug out our wells. Now days I am more worried about EV's and politicians who view all oil as BIG OIL than I am about shale. I really do not want to rent or buy an $85,000 infrared camera to monitor methane emissions from wells that haven't been capable of burning a flare for 30+ years. I think traders have figured out that sub $50 WTI absolutely will not work, and we can get by on WTI $50, although I would much rather have WTI $60. So for now, I have moved on to things such as fracking bans (we do tiny fracks on our shallow conventional wells - would those be included by the POLS?) loss of percentage depletion (Obama said it is a BIG OIL tax break after all - LOL) and EV revolution by government mandate. We had a decent amount of drilling from about 2006-2014 in our field. Since then it has fallen to about nothing. Drilling here is all done out of cash flow, no borrowed money that I am aware of. Maybe some non-operated interests or ORI's are used to fund drilling here some. We were on a good little annual drilling program that was keeping up with fighting our decline. We haven't seen an oil price since 2014 that justifies it, so we have not drilled a well since Q3 2014. Every acre we have is HBP, so no need to rush. But our annual production is slowly on the downhill slide, as is the rest of lower 48 conventional. Sorry for the ramble, just the view of another stripper oil well operator (really investor - relatives make the day to day decisions) that knows about 1/10 of what Mike Shellman does.
  44. 5 points
    In my humble opinion, the US should leave southern Iraq to it’s own devices and move their entire mission, military and diplomatic to Kurdistan. The Kurds generally like Americans and appreciate what they can do to assist the Kurds militarily and economically. This is my opinion after roughly two years spent based in either Erbil or Taq Taq. The Southern Iraqis have shown neither the will or the effort to rebuild after Saddam, and as usual blame the situation on the US. Leave it to them. If they want to jump into bed with the Iranians, Russians or Chinese, let them and we’ll all sit back and watch how that turns out.
  45. 5 points
    Those anti-aircraft missile batteries and radar exist for only one purpose: to shoot down Allied planes knocking out Syrian (Assad) bases that launch bombing raids on civilians, including using helicopters to drop "barrel bombs" filled with explosives and nerve gases and chlorine gases onto civilian populations, to slaughter hundreds of thousands of non-combatants. In my book, you do that, you are an Outlaw, and your name goes on a poster, "Wanted - dead or alive." And the men that man those missile batteries are legitimate military targets, they die. End of story. Don't like it? Don't drop chlorine gas on civilians, don't launch barrel bombs, and resign and head for Kazakhstan, maybe they will give your asylum, who knows. Either way,Assad is a psychopathic scumbag and belongs in a body bag. Capiche?
  46. 5 points
    Welcome to the world of America, we are being judged by the actions of the few in our government that persist in being in places that, we the citizens, don't want us to be in. A lot of us(citizens) would like to move out of the ME and let the chips fall where they may. Not like we need their oil anyway, lots of other sources now, so let the countries that want that oil pay for the defense of that area. But our leaders persist in engaging them and protecting some while ignoring others. It's time for us to leave, pull back in and concentrate on ourselves for a while. You can't run around and be the world's welfare check forever, especially when there are so many internal problems that we need to work out at home. If you are struggling day to day in a hard economy, do you continue to give away money you don't have to your own detriment? I would think not, and no one could judge you for that either. It's time we cut off all the welfare checks and started concentrating on us for a while. Germany also needs to pay for the defense we provide or we need to pull out and let them stand on their own now. Great powerhouse economy they have, and I can't help but believe that has a lot to do with us footing the bill for their defense and the fact that they have not been contributing the fair share to NATO for decades now, but reaping all the benefits...
  47. 5 points
  48. 5 points
    Thanks, I just happened to see it now. Was bouncing back and forth between chans and this forum and a few other news sites. Amusingly, I saw this just now on the chans:
  49. 5 points
    The fact is that China is going to exceed the U.S. in innovation and useful technology. The U.S. has gotten grandfathered into restraints from land to financial systems to cost structures to regulations. Case in point Between 2009 and 2017 San Francisco built the Presidio Parkway... which is an access tunnel to the Golden gate bridge. I think it's about 2 miles long. It took 18 years to build!! It's still not complete. The park on top won't be done until 2020 I think. That's over 20 years to build a 2 mile road. To give some perspective on how America USED to be... The ENTIRE golden gate bridge was built in 4 years BY HAND in the 1930's. http://www.presidioparkway.org/construction_info/ In less than half that time China built a new high speed rail (from inception to completion) to every major city in China. They already had high speed rail since the 1990's. Where is ours? But they built thousands of miles of rail and infrastructure plus all the equipment to go 200 mph from city to city in the time it took San Francisco to build an onramp. Technically China built the world's longest high speed rail system to connect every part of their country by trains the go hundreds of miles an hour in HALF the time it took a city in the U.S. to build a road and a park. Well over 10,000 miles of useful infrastructure in a fraction of the time it took San Francisco to build 2. While our bridges decay and our roads are clogged with no room to grow Chinese citizens are going 300 miles between cities in 60 to 90 minutes. Good luck commuting home in that time. " The Wuhan–Guangzhou high-speed railway (Wuguang PDL), which opened on December 26, 2009, was the country’s first cross-regional high-speed rail line. With a total length of 968 km (601 mi) and capacity to accommodate trains traveling at 350 km/h (217 mph), the Wuguang PDL set a world record for the fastest commercial train service with average trip speed of 312.5 km/h (194.2 mph). Train travel between central and southern China’s largest cities, Wuhan and Guangzhou, was reduced to just over three hours. On October 26, 2010, China opened its 15th high-speed rail, the Shanghai–Hangzhou line, and unveiled the CRH380A trainset manufactured by CSR Sifang started regular service. The Beijing–Shanghai high-speed railway, the second major cross-regional line, opened on June 2011 and was the first line designed with a top speed of 380 km/h (236 mph) in commercial service.[49][50] By January 2011, China had the world’s longest high-speed rail network with about 8,358 km (5,193 mi)[51] of routes capable for at least 200 km/h (124 mph) running in service including 2,197 km (1,365 mi) of rail lines with top speeds of 350 km/h (217 mph).[dead link][52] The MOR reportedly committed investment of ¥709.1 billion (US$107.9 billion) in railway construction in 2010 and would invest ¥700 billion (US$106 billion) in 2011 on 70 railway projects, including 15 high-speed rail projects. Some 4,715 kilometres (2,930 mi) of new high-speed railways would be opened, and by the end of 2011, China would have 13,073 kilometres (8,123 mi) of railways capable of carrying trains at speeds of at least 200 km/h (124 mph).[53]" https://en.wikipedia.org/wiki/High-speed_rail_in_China#Early_planning China is ahead of us on 5G - which will revolutionize communications, on electric vehicles and infrastructure, on transportation, on adoption of virtual currency, and on most other technological fronts. We develop APPs and gizmos while they develop a 22nd century society. There are entire cities with 10 million people in China that do not use cash, check or credit/debit cards. Every transaction is done on a phone! People in the U.S. have absolutely no idea what has happened in China over the past 20 years. And they can't imagine what will happen in the next 20. So, yes. This matters. Unfortunately we already lost. We're locked into arguing about gender rights and the migration patterns of butterflies while they create a new reality. The only ways we are better than them, at least for the moment, are financial engineering to exploit markets and military technology. The cold war has come, it's more than half over... we lost. We just don't know it yet like the Soviet Union lost the cold war in 1980 and didn't know it. P.S. Here's the really hilarious part of this. China builds trains for the U.S. that go 55 mph. ROFL While they build trains for themselves that go 300 mph. I know this because I drive next to the commercial train tracks in Texas. Commercial trains go 55 mph. In China they transport people and things 6 times faster than we do. (But America is #1 and China is backwards.) Can you imagine working at that factory... "Why are we building such a crappy train? " "It's for America..." "OH! Makes Sense.. you don't want to go too fast in your size 40 blue jeans."... oops I forget we in America can't imagine working at any factory. We haven't had any factories of note for 20 years. "But people in China are oppressed and can't vote." Yep, oppressed by a good job in a industry that will last their lifetime in a rising economy with a more technological life than we have... But you're right, they can't vote for a choice between Creepy Uncle Joe Biden and Grab em by the P*&^! Donald Trump. They sure are missing out. Here's a link to the current Chinese Rail... Map. https://upload.wikimedia.org/wikipedia/commons/4/4a/Rail_map_of_PRC.svg Here is what living in China looks like: https://www.youtube.com/watch?v=UqkLWk_VEbI https://www.youtube.com/watch?v=9Gl1WnsAbJ0 This proves the point that it's our "system" that will make us lose this cold war. While China spent over $200 billion making a train system we spent about $800 million arguing about it because of politics and other issues. https://qz.com/1761495/this-is-why-the-us-still-doesnt-have-high-speed-trains/ High speed trains is just one example of how the U.S. system is mired and incapable of modernization.
  50. 5 points
    Please find below short analysis from German point of view. Natural gas is a vital energy resource, so security of supply and the very existence of long-term capability of supply should be analyzed before jumping to price comparisons. All values are in trillion cubic meters. US reserves are 11.9 that is enough for 14.3 years of 2018 output. US production increased from 0.47 in 2008 to 0.83 in 2018 US consumption increased from 0.63 in 2008 to 0.82 in 2018. US was net importer of natural gas till 2016, in 2017 and 2018 achieved negligent surpluses of 0.006 and 0.013. US surpluses constituted 0.8% of consumption in 2017 and 1.7% of consumption in 2018. US natural gas consumption is going to increase, because of increase of usage for electricity generation (coal and nuclear is being phased out) and residential consumption. Majority of US natural gas output is shale gas, wells with very short periods of economic useful life, with extraction rates decreasing fast. There is a great uncertainty about the level of future output, and even greater uncertainty whether this output would enable exports. CONCLUSION1: US has negligent natural gas surpluses and cannot be considered a reliable long-term supplier even for small consumers, forget about substitution of 55 billion m3 supply from Nord Stream 2. Hypotesis: It is possible that if new technologies boosting shale gas extraction will be discovered and developed US will become significant exporter of natural gas in the future. Lets analyze Russia as potential supplier of natural gas for Germany (we already know that it cannot be United States). Russian reserves are 38.9 that is enough for 58.3 years of 2018 output. Russian production in period: 2008-2018 stable about 0.6 a year, in 2018 output was 0.67. Russian consumption in period: 2008-2018 stable at about 0.42 a year, in 2018 consumption was 0.45. Russia is net exporter of natural gas for over 50 years, in 2018 surplus output constituted 49% of domestic consumption. Russian natural gas consumption is stable as country still increases nuclear output and has stable coal consumption level. All natural gas output is from conventional fields. CONCLUSION2: Russian stable natural gas surplus of about 0.2 and large reserves, are more than enough for long-term supply of 0.055 by Nord Stream 2. LNG vs Nord Stream pipeline for Germany. LNG supply cannot be ensured in times of political instability and relies on sea lanes dominated by US Navy. Germany is too weak to act against US Navy or any other strong military adversary (like: China, France, UK, Japan, Russia, India). So again supply of natural gas to Germany could be hostage of third country interests (current pipelines=Ukraine, LNG=US or any other major naval power). Supply by Nord Stream is politically much safer, as pipeline is a huge investment for Russia, it is vital Russian interest to protect it . Russia is a nuclear power so only Russia can stop this supplies to Germany (US or any other country cannot). CONCLUSION3: Security of supply by Nord Stream depends only on Russia and Germany, LNG on many other actors.