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Mariana - the article is straight green propaganda. Take the statement that cost of green energy is now well below the cost of conventional power and its reference to the levelized cost of energy calculations. As has been pointed out time and again the LCOE estimates do not take into account the cost of operating on a grid, so the calculations cannot be used to compare renewable and conventional power (with the big exception of hydro). Even comparing the different types of power in those two broad categories is highly questionable as they tend to have different roles on grids (coal is a mainstay, gas used on demand shoulders and hydro at peak times). A lot also depends on what access to power a grid has.. The LCOE costs are simply a general guide but, to repeat, they cannot be used to compare intermittent and conventional sources. In passing please note that the green projects in the US get substantial Federal/state/local subsidies/legislative aid. These points have all been made many, many times, but there is always someone on the green side who does not get/does not want to accept, the memo.

Red, although the material is endless in terms of showing examples of MSM bias and untruthfulness I won’t trouble myself with providing you examples. I’m not going to change your mind. in terms of the article linked, I make no argument one way or the other, my response was regarding the poster before me who said, “It wasn’t necessarily that the MSM is inaccurate”. I reject that statement as inaccurate, especially CNN. But as to that particular article I make no argument for or against its accuracy. As to my “blanket claim being demonstrably false”, well, Red, if that’s your opinion in terms of the bunk the MSM turns out, you aren’t paying attention well enough. Perhaps ABC in your country is above partisanship and bias. The MSM here is not. Quite the opposite. They are partisan hacks of the worst order. But to coin your oft repeated remark against those with whom you disagree, you offer opinion and nothing more. Because I offended your Green sensibilities doesn’t illegitimate my beliefs. Sorry not sorry mate. You’ll find me and MANY of “my ilk” feel the same way about MSM bias here in the states. I don’t agree with much of what you say, but I wouldn’t accuse you of being illogical because I don’t agree with you. We have become used to your adhominem attack’s here in that regard so I won’t take it personally even if you meant it as such. Understand please, I’m not against Green energy. Matter of fact I want and hope it comes true. I’m not a scientist but I will make a prediction. No technology will emerge in the next 5 years that is so comprehensive and affordable that all of the current energy consuming world will switch to it. Until then, drill baby drill, the undeniable and overwhelming majority of the world is depending on it. Oh and by the way, I’d rather live the American Dream than live a pipe dream. So would a whole lot of the world as evidenced by the clamor to make it to our shores. Cheers mate.

A better question is does anybody believe Cuba, Russia, China or Turkey give two oil drops about the poor people of Venezuela. Um, no. Russia, China, Cuba and Turkey are real humanitarian powerhouses, said NO ONE EVER......

I always like to hear someone ask for a 'ground floor opportunity'. If one looks at the billionaires in Silicon Valley, it's often because they had a fairly deep understanding of some technology, an understanding that took years and considerable education to acquire. The solar company that makes the 'big break' may not exist right now. The future CEO of that company may be in some university laboratory at this point. That laboratory might be in Germany, Japan, Korea, Taiwan, or Singapore. The people that would make the investment would either have to take a lot on faith, or actually master the technology and the physics in question. The first option is likely to result in a lot of bad bets. The second is far more likely to work, but takes a lot of time to understand.

May I remind you all that the article at the start of this thread is labeled by CNN as "opinion >> political Op-Ed - Social Commentary" and includes the following warning " The opinions expressed in this commentary are the author's ". So it's just Pr. Geoffrey Heal expressing his own opinion. We can agree or not with him (I personally mainly agree) , share our own opinions and present the facts on which our opinions are based. But just throwing in tons of anti-MSM memes because the Op-Ed was published on the CNN website is not really helping the debate.

As Published in The New American...An Affiliated Publication of the "John Birch Society".....An Article Written by a Loon for a Magazine who's Editor can only see out of the "Far Right Corner of his Right Eye"!

This has got to be the best piece of news ever. Suncor taps winged thugs to scare off warmth-seeking ravens at oilsands plant I do resent the "thugs" but it's still the best piece of news ever.

Yes, they do. No nation has helped the peoples of other countries nearly as much as America has. Maduro is presently attempting to blockade our food from reaching the hungry people of Venezuela. Venezuelans are aware of that, as you should be also.

@Marina Schwarz @Rodent I kill animals and eat them. Pictured below is the endangered goateed jungle meat eater pro-oil carnivore. Who actually adores the environment, but gets frustrated with climate Nazis.

https://us.cnn.com/2019/02/12/opinions/climate-change-opinion-heal/index.html Might be easier than we've been told. Repeatedly.

Music to my ears. Capitalism works and Supply & Demand are not irrelevant, regardless of musings by certain market pundits. After kicking up a fuss on assorted topics here on the forum over the last week or so about politics, Trump, U.S. Supreme Court, U.S. National Emergency orders, EU, Environment, Climate Change, Immigration, MSM bias and censorship, Yellow Jacket protests in France, Canada, USA and elsewhere, guns, and I forget what all other fun topics, I'll try to behave myself in this thread and keep it strictly about U.S. Shale Oil and its overproduction. Wish me luck : ) It seems that U.S. Shale Oil industry has overproduced so much that it has shot itself in the foot yet again, causing WTI price to drop due to waaaaay too much O&G produced. So, U.S. Shale Oil activity appears to be dropping. And this should eventually help stabilize Brent prices. For ages, I have commented repeatedly about my hope for $65 Brent in 2018 and my hope for $70 Brent in 2019. At this point, WTI is hopeless, and today I don't much give a toss what the WTI oil price is. The WTI herd of cats seem bound and determined to overproduce themselves into a ditch, repeatedly. Anyway, here be the news today: New Data Suggests Shocking Shale Slowdown U.S. shale executives often boast of low breakeven prices, reassuring investors of their ability to operate at a high level even when oil prices fall. But new data suggests that the industry slowed dramatically in the fourth quarter of 2018 in response to the plunge in oil prices. A survey from the Federal Reserve Bank of Dallas finds that shale activity slammed on the brakes in the fourth quarter. “The business activity index—the survey’s broadest measure of conditions facing Eleventh District energy firms—remained positive, but barely so, plunging from 43.3 in the third quarter to 2.3 in the fourth,” the Dallas Fed reported on January 3. ... The downturn is still in its early days. It takes several months before the rig count really begins to respond to major price movements. The same is true for a string of other data – production levels, inventories, as well as capex decisions. In other words, some early data points already suggest that the U.S. shale industry could struggle if WTI remains below $50 per barrel. But the longer WTI stays low, the more likely we will see a broader slowdown.

How much will it cost the people in LA? Luckily for us Germany has voluntarily become the crash test dummy for green energy. Electricity costs them 29.5 euro cents/kwh. I pay about $.10/kwh in Colorado.

A recent poll was released that ranked journalism with honorable professions. Journalism came in slightly above child molestation, but below armed robbery.

I had bacon, steak and eggs for breakfast. Now I have gas, I'm farting as we speak. Beans are on the menu for dinner. Nancy Pelosi threatens martial law and gun confiscation as Trump declares emergency. Relax and enjoy it.

Of course this exit from Amazon before it even began will scare off other companies from even considering NY, including foreign investment.

The income taxes on those 25 thousand jobs would give NY more than the tax abatement. Also think of the coffee shops, deli’s, restaurants, dry cleaner and infrastructure in would create.

You've learned a great deal about well economics over the years, @Tom Kirkman; don't give up trying to get the message across. Its important. I roughnecked my entire life, still do, and am a royalty owner to boot; its hard to understand well economics until you've balanced an oil wells checkbook. Everyone has an opinion but you have to pay some bills and see if you get your money back to really get it. Productivity is not the same as profitability and as long as (shale) oil extraction in America is in the hands of private enterprise (thankfully), long term sustainability is ultimately dependent on profitability. The term "breakeven" has confused many non-oily folks, intentionally, I might add, and nothing has improved financially for the US shale oil phenomena. It is still deeply in debt, adding more debt every day, and as rising GOR starts to rear her ugly head, terminal decline rates for shale oil wells are becoming clearer and more worrisome. Sweet spots are being hammered, wells interfere with each other and as gas increases, and liquids decrease, there is no where to go with it other than up in smoke. It does not generate revenue going up a flare stack and the BOE thing is BUNK. The longer and deeper the shale oil industry stays, and gets into debt the harder it will be to ever get out of debt. On an interesting note, I've done a bottoms up analysis on Chevron's 1.9MM acres in the PB containing net revenue interest of <0.96000 and it is remarkable what the lack of royalty burdens do to shale oil economics. It reduces time to pay out by 2 years, in many cases, and adds 60% or more to ROI. Chevron, and to a lesser extent, Exxon, are going to do OK in the PB. With a monopoly on takeaway, services, water, sand, and debt they can manage they will rule the Permian. Keep up the good work! Mike PS: Lets hope all these cows don't start floating away and interfering with air traffic. Oh, I forgot, there won't be anymore air traffic. https://www.oilystuffblog.com/single-post/2019/02/11/Cartoon-Of-the-Week

The weight just means you'll need to send more rockets to build it in space. It's more a cost problem than a technological one. We know how to send payloads in orbit and assemble them. The ISS was built 20 years ago. But sending energy from space to Earth is a technological challenge and still requires some research to improve the technology.

The main challenge would be the wireless energy transfer from space to Earth. The laser beam and microwave power transmission systems are currently the most promising technologies for wirelessly transmitting power over the long distance from a satellite in orbit to the surface of the Earth. The two methods differ in size, mode of operation, efficiency, and cost. Advantages of Laser Beam Transmission Does not interfere with TV, radio, Wi-Fi, cell phone and other communication signals Requires smaller transmission and receiving equipment compared to microwave transmission. (For example, a 1GW installation would require about a one-meter diameter transmitting optics and a ground receiver of several hundred meters across.) Disadvantages of Laser Beam Power Transmission Suffers from atmospheric losses due to environmental factors such as rain and clouds and hence cannot provide continuous power Has a low conversion efficiency May require huge battery storage systems on the ground Carries the risk of causing skin and eye damage if not well managed Advantages of Microwave Wireless Power Transmission Benefits from highly-developed microwave technology, capable of achieving efficiencies of up to 85% Achieves lower atmospheric attenuation Disadvantages of Microwave Wireless Power Transmission Requires management of the energy lost during conversion of DC to microwaves May cause RF interference Requires large transmission and receiving equipment https://www.allaboutcircuits.com/news/wireless-power-transmission-of-solar-energy-from-space/

The model put forward is one of isolationism. Europe does have North Sea oil but it is to expensive to produce profitably when you can buy oil on the open market. Europe unlike America is not producing oil at a loss. If Europe was isolated it would produce oil at a loss because it had to - There is Norwegian Gas and Europe would have to build Nuclear power stations. So it could produce energy. South America are a major source of planes and in a world of isolationism these countries would produce what they need (maybe not anything). Other people can produce semi conductors. But again the main point is ignored - America is where it is because it put itself there. Nobody tricked it. It is a major source of Globalization. If it want to change to isolationism then so be it. "If the world wants an unstable, interconnected economy that's too big to fail, they're more than welcome to try it on their own." Again the big bad world has done something bad to poor little America!!

Guaido makes more sense for us and China business wise he brings more to the table and give Venezuelans hope again. Maduro dosent have enough clout he is a clown and his generals will fold on him like a lawn chair real soon this isn't the middle east and no other countries in the Americas will help maduro he's better off flying to Moscow and applying for asylum.

China won't get involved anyways maduro is bad for business and Venezuela use to be the 4th best economy in the world at one point. Infact it would be better for the China to back usa on this one

The only emotional person on this thread is the one throwing around personal insults. That behavior derives from pure emotion. Adios, Rojo.

Well Red, you seldom dissapoint. Just about every post you make is a personal attack on someone making a point that is not in line with your your agenda/beliefs. I'm not about to try to debate anything with you so don't even try to goad me into an exchange. You are not going to change anyone's mind nor am I. People who think logically come to an ideal from a broad collection of information from wide-ranging sources, certainly not from maniacal rants or attacks. Kindly tone it down because it has gotten old.

The full article is here-> Hobbs News Sun _ Sunday, February 10, 2019 _ 7.pdf by CURTIS C. WYNNE HOBBS NEWS SUN "Lea and Eddy counties have made history by reducing the possibility of a Middle Eastern war for oil, according to Daniel Fine, a research and development energy expert at New Mexico Tech. Why? Because oil and gas production eliminates this nation’s need to rely on the Middle East for fossil fuel. Having served in developing former Gov. Susana Martinez’s energy policy and in the Energy, Minerals and Natural Resources Department, Fine said he’s currently writing an energy paper for a Washington, D.C. think tank. “What has happened now, with President Trump’s policies and the (Department of) Interior policies under (David) Bernhardt, is the chance of the United States getting into a Middle East war to protect its interests in oil supply and imports has evaporated, finished,” Fine said. He dated the potential for war in the Middle East over oil as early as the 1970s. “We have almost 50 years of tension and potential military participation in the Middle East to provide us with imported oil from there,” Fine said. “The two counties in New Mexico have eliminated this and have now played an important role in peacemaking.” He said the White House and the military have maintained positions on what actions to take if America’s oil supply were threatened. “In the 1970s Secretary of State (Henry) Kissinger said if we have to, we will intervene militarily to obtain the supply of oil need. That was our dependence on that oil,” Fine said. Lea County is the third-highest oil-producing county in the United States and the highest in the Permian Basin, which straddles the Texas-New Mexico state line. Eddy County is the seventh-highest oil-producing county in the nation and produces massive amounts of natural gas. “So, Lea County and Eddy County and the Permian Basin have eliminated a state of 67 years of war preparations and intervention to import that oil,” Fine said. “We have the oil now in the Permian Basin. " Hobbs News Sun _ Sunday, February 10, 2019 _ 7.pdf

tell me more about "unbiased" ABC... you have your way with words! Article is typical CNN brainwashing feel-good BS; won't give time of the day to dissect all the insults on reality there. But it mentions nuclear as carbon-free option and I find it interesting. Earlier "environmentalists" were dead against anything nuclear. BTW, US consumes ~50MM lb of uranium and makes about ~1MM lb with balance imported mostly from Russia (anyone remembers UraniumOne story?) and Kazakhstan. Spot price is under cost of production. May be interesting turn-around, considering cost of fuel is very small %% in cost of energy.

You could have indicated which facts in the originally linked article were not true. Instead you made a blanket claim which is demonstrably FALSE. You and your ilk seem incapable of presenting a sound argument. Suggesting memes is "like fighting fire with fire" reinforces your gross ignorance - totally lacking logic. The argument for 100% renewables based on new investment in electricity generation is not at all far fetched. The only reason China, for example, has a greater present investment in FF energy at present is a result of its legacy build capacity. Aside from that its commitment to renewables is greater than any other country in the world. Dismissing a "prediction" with nothing to show why, except a load of irrelevances, makes those who are not American wonder about the fiction of your "American dream".

Hey James Frisk, too bad we can't stop your farts! Maybe if Bush two and his leader Cheney had not tried to get rid of their leader in late 2003 things might not have gone this far.

US - update through October 2018 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. --- This interactive presentation contains the latest oil & gas production data from 98,450 horizontal wells in 10 US states, through October 2018. Cumulative oil and gas production from these wells reached 9.9 Gbo and 108 Tcf. West Virginia and Ohio are deselected in most dashboards, as they have a greater reporting lag. Visit ShaleProfile blog to explore the full interactive dashboards Later this post I will be making 3 major announcements; about a new (and cheap!) analytics service, Oklahoma, and the NAPE. But first, how has shale oil production developed in the past year? You will find in the graph above that all these horizontal wells produced 6.2 million barrels of oil per day in October, which after revisions will be a few percents higher still. More than half of total oil production came from wells that started in 2018, as indicated by the dark blue area. Over 20% more wells were completed in the first 10 months 2018, compared with the same period a year earlier. Initial well productivity increased slightly further in 2018, as you’ll find in the ‘Well quality’ tab, where all the oily basins have been preselected. All the 5 top shale producers were at, or near, production highs in October (“Top operators”). The ‘Advanced Insights’ presentation is displayed below: This “Ultimate recovery” overview shows the relationship between production rates and cumulative production over time. The oil basins are preselected and the wells are grouped by the quarter in which production started. Peak rates have steadily moved higher over the years, as you’ll see here. In Q3 2018, the average peak rate was 668 bo/d, versus 285 bo/d 7 years earlier. Extrapolating these curves allows you to make a reasonable estimate of the ultimate recovery range. You can switch ‘Product’ to natural gas, to do the same for the gas stream of these wells. Today we have 3 major announcements to make: A new analytics subscription level is now available, ShaleProfile Analytics – Analyst , For just $52 per month you can always get access to the latest data, see the exact location of more than 100,000 horizontal wells, and their production history. Most dashboards can be viewed full-screen, and you will have more filtering options, such as between oil & gas wells. If you have been a follower of the blog, and want to stay even more informed, this may be something for you. You can try out this service for the first month for just $19. We almost lose money on this subscription, so don’t wait too long! Oklahoma is in now! Oklahoma has so far been the big missing state in our database. By having it in, we now cover around 98% of all the horizontal wells in the US. It has been a tough state to work with, as data sources are unreliable and incomplete. We have spent a big amount of effort (and $) to add it. There are still some data issues to sort out, but we believe we can already now call it at least a 90% version. There is a greater lag time for Oklahoma than for most other states; we can currently cover production data through March 2018. Try out one of our subscriptions to get access to all this data! Today the NAPE conference here in Houston will start for real. Come visit our booth (#2331) if you have the opportunity, and I’ll show you what we can do for you. Early next week we will have a new post on North Dakota, which will release December data later this week. Production data is subject to revisions. For these presentations, I used data gathered from the sources listed below. FracFocus.org Colorado Oil & Gas Conservation Commission Louisiana Department of Natural Resources. Similar as in Texas, lease/unit production is allocated over wells in order to estimate their individual production histories. Montana Board of Oil and Gas New Mexico Oil Conservation Commission North Dakota Department of Natural Resources Ohio Department of Natural Resources Pennsylvania Department of Environmental Protection Texas Railroad Commission. Individual well production is estimated through the allocation of lease production data over the wells in a lease, and from pending lease production data. West Virginia Department of Environmental Protection West Virginia Geological & Economical Survey Wyoming Oil & Gas Conservation Commission Follow us on Social Media: Twitter: @ShaleProfile Linkedin: ShaleProfile Facebook: ShaleProfile

MSM is quite inaccurate, ALL THE TIME and willfully so. The only thing that can be done about MSM BS requires consumers who demand more fact reporting, truth and less mindless, easily digestible(requiring no real thought or reason to form an independent or educated opinion) news which really amounts to entertainment. MSM is the symptom, not the cause. Supply and demand. Memes, which I must admit I find rather amusing, fit into this paradigm and I hope @Tom Kirkman keeps them coming. It’s kinda like fighting fire with fire. Or treating someone snake-bit with anti-venom made from venom. The cause, well, that’s a whole other topic but let’s sum it quickly, regressive liberal ideology that needs mass quantities of ignorant and easily swayed zombies to secure, maintain and increase power and influence. That’s why we have a whole generation that can tell you who won big brother house, who hooked up with who on the bachelor and what’s going on with the kardashians; but can’t identify who their congressmen are, who the speaker of the house or minority leader is or pick Iran out on a map. 100% renewable by 2025..... damn, if that’s a prediction I would respectfully request predictions on which companies are gonna break the technology capable of that mainstream because I want to sell everything I own, hell, maybe even borrow money to buy stock in those firms. The payoff will likely be like that enjoyed by the first Apple stock purchasers who held it till they exploded. Though I agree Sillary is an excellent example of in-bred political party thought, Trump is not. The establishment dems wanted Sillary and apparently so did a damn lot of voters because she won the popular vote. The republican establishment did not want Trump, the electoral college did and I’m told so did the Russians. The American dream is still the all-time best seller. Trump understood this, thus he is our (if you are an American) President.

On the one hand, I don't have much use for 'mainstream' media. It's isn't necessarily that it's inaccurate, it's simply that most of what it dwells on is immaterial. However, my definition of immateriality is probably at odds with a lot of people's viewpoints. Then there's the equally vacuous rejoinders. Instead of pointing out a specific problem, there's simply graphics on what to do about 'mainstream bullshit', or an even more pointless ad from when, the 1930's, 1940's over something that has nothing to do with news media. Perhaps it's all loads of fun. Perhaps it simply illustrates that what passes for news in the US, or discussion about the news, is simply entertainment. Generally if I see an error in a 'mainstream media' article, I challenge it on it's faults or merits. These are very specific, and often the arguments are novel. I spend my time rooting around in obscure nooks and crannies. I can generally track down sources when I'm asked to back up my assertions.

Do it......

Using CNN as a source of information is not something I recommend. I could add a graphic, to illustrate, but memes annoy some people, so I won't.

If you look at the actions of the IPCC, They synthesise climate data into Reports - seems you have never read any all they have left is the emotional attachment False - the reports are based on science and the IPCC's public profile expands on that information of citizens to the health of the planet. When you start using school children to push your agenda That's called education, and that's why children go to school - too hard for you to grasp apparently I think it's like putting up the white flag You and thinking in the same sentence - that's a stretch . Green energy is good for world stability because if you're self sufficient you don't need to worry about what the neighbor has. The problem with green energy is that it is being pushed too quickly and many will suffer unnecessary economic hardships trying to pay for it completely baseless assertion - again you are clueless on energy costs despite being told time and again. China and India have already chosen their path yes, they are going the renewables path because it's cheaper, aside from not polluting their cities, so let's not fight and stop fooling the crowd. Use economic sanction if you're worried about unfriendly nations you mean worried that they will have cheaper energy than the USA? what are you talking about??? or better yet, let's all be friends and stop being underhanded. Russian citizens are the same as you and me. They will eventually do the right thing. If you're comfortable, why fight. Let's make everyone comfortable.

Yeah, it's funny how being on the right side of the law and having people's best interests in one's sights tends to make one a winner. No, the U.S. is not perfect, far from it, but who's better and more capable?

OPEC will ignore Maduro.

"Carbon Tax" is just another variation of the 3 card monte scam of Tax and Spend.

Nick, in another forum where I post anonymously I replied by saying "that was an Illurion". The repose was "you mean, an illusion"? I said "probably but not really. I mean it's a response which does not make sense, is devoid of facts and is about a question not asked."

I believe there is no discipline out here in the patch, because honestly shale producers can't afford it. With prices where they have been and are, they can't afford to stop producing due to trying to continue to pay on debt. @Tom Kirkman i do care what the price is as it determines whether I go to work tomorrow. I see it as a damned if ya drill damned if ya don't scenario. What are they to do??

Also, refineries could slip into excess production of gasoline given shale oil is light if they haven't already and driving season is still rather far away. That will weigh on WTI, too. You're welcome, dance away!

I grew up on a dairy farm. Baby cows were pets until they were a year old. Then they got pregnant from the hired bull. Then 9 months later they gave birth and we could milk them. When they were too old to get pregnant, and were thus not providing much milk, they got slaughtered. Some of them we slaughtered ourselves and then we ate them. Similar with our "pet" rabbits and geese and chickens. Fun to play with when they are young, and yummy to eat when they are old. Pragmatism .... nothing beats it. Truly, growing up on a family farm turned me into the evil incarnate that I am today... < bwahahahahahaha >

So, to recap the Green perspective... Oil is evil. Natural Gas is evil. LNG is evil. And CO2 will kill us all.