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Showing content with the highest reputation since 05/06/2020 in all areas

  1. 16 points
    Source: AP Photo/Ted S. Warren The last few weeks have provided plenty of support for the political positions traditionally espoused by conservatives. Some of the evidence is so painfully obvious it's hard to believe there could be any dispute about it. And yet, disputes there are. In fact, the divisions in this country seem deeper than ever. As we approach the November election and beyond, it is vital that we understand the lessons current events teach us about what we're facing in our future. Here's a short and (very) incomplete list: 1. Our governments are shockingly weak. COVID-19 has revealed that the twin pillars of some city and state governments are hypocrisy and cowardice. Rules put in place to prevent the spread of the virus were strictly enforced when the would-be violators were Orthodox Jews and other worshippers, small-business owners and skateboarders. Ill and elderly people died alone, their loved ones forbidden from visiting them in hospitals and long-term care facilities. These sacrifices, we were told, were necessary to keep the public safe. But when the George Floyd protests exploded into the streets across the country, the narrative changed. "Social justice" became an exception to the infection rules, as if the virus would somehow distinguish between irate Black Lives Matter activists and frolicking beachgoers. Worse, the riots, arson, violence and secessionist colonies in major cities were allowed to take place with virtually no interference from law enforcement -- often at the express directive of city government. Statues and monuments were vandalized or torn down. Buildings were burned. Businesses were destroyed. People were harassed, assaulted, raped, shot and killed. All of this was done with impunity and under the watchful eye of governments that did nothing, for fear of being called "racist." The clear message is that rules are only enforced against the law-abiding, but the government will let you do whatever you like if it is afraid of you. 2. Never give up your Second Amendment rights. Is it not obvious now? The Second Amendment was not written to enshrine hunting as a protected constitutional right; it was written so citizens could protect themselves from oppressive government. Or, in our case, perhaps, weak and feckless government that allows criminals free reign. The chaos in Seattle, Portland, New York City and Washington, D.C., drove the point home that private citizens are on their own and can expect neither government nor law enforcement to help protect their lives and property. That will double when police are "defunded." 3. The media is relentlessly biased and deceitful. As exhibit A of the above, St. Louis attorneys Mark and Patty McCloskey made national news earlier this week when they confronted a group of protesters on their property in a heated exchange. The McCloskeys were armed, and the press was quick to cast them as the wrongdoers overreacting to "peaceful protesters." (As if we haven't watched riots and arson for the past three weeks characterized by the press as "protests.") Mark McCloskey and his attorney had to point out that the protesters had trespassed on private property, breaking down a wrought-iron gate to obtain access to their home, and that some of the protesters were armed and threatened the McCloskeys with violence. 4. No one can survive the ideological purity tests that are being administered to justify tearing down statues and monuments. And, in truth, they're not meant to. The attacks started with Confederate soldiers but quickly moved to the Founding Fathers (Washington and Jefferson), to presidents (Abraham Lincoln, Theodore Roosevelt and Ulysses S. Grant) and even to Jesus Christ and his mother. The battle is really one to tear down Western civilization -- democracy, capitalism and Judeo-Christian values -- and replace it with a Marxist state. If you don't think this is their goal, you're not listening to them. 5. Ah, Marxism! The only example of perfect diversity. No matter where it has been tried, or by whom, Marxist regimes have failed spectacularly. Whether installed by whites (Russia and the rest of Eastern Europe in the old Soviet Union), Asians (China, Vietnam, Cambodia, Laos, North Korea), Hispanics (Venezuela, Cuba, El Salvador, Nicaragua, Peru) or Blacks (Angola, Congo, Ethiopia, Somalia), Marxism invariably promises equality and utopia, and equally invariably results in government oppression, corruption, starvation, torture, imprisonment and death on a massive scale. 6. The highest praise for Marxism comes from those who have never lived under it. History shows that academics and the press in free countries (as opposed to those in the Marxist countries themselves) continue to praise and tout Marxist regimes, even when they are aware of their brutality. True of The New York Times in the 1930s. True of the New York Times today. 7. Yes, it can happen here. Historian Crane Brinton noted in his classic work "Anatomy of a Revolution" that the American Revolution was the only one of the four major upheavals he addressed that did not have a "Reign of Terror." But for all their criticism of the Founding Fathers, today'srevolutionaries seem to have a greater penchant for bloodshed, as we've seen with the antifa movement, violence in the lawless "occupied" zones, signs that say things such as "Murder Andy Ngo" (an independent journalist), the trending #FrenchRevolution hashtag on Twitter, a guillotine in front of Jeff Bezos' home and an enraged Ivy League student threatening to stab anyone who defends the universal importance of all lives. 8. It isn't about President Donald Trump. Those seeking to destroy the United States were committed to that objective before Trump was elected. They'll be just as committed when he's gone. Trump is obnoxious to them because he doesn't fear them or seek to mollify them like so many other politicians. They want a weak president who will capitulate to them as so many mayors and governors have done. We can't give them that.
  2. 16 points
    The governments everywhere are flailing because they were acting like headless chickens when the virus hit was confirmed. It was obvious that it would hit. They planned badly, The US did badly as well. Flying blind without tests because of CDC and FDA power games, which you can also interpret as deliberate sabotage. The WHO acted as a Chinese mouthpiece and its efforts in coordinating vaccine and treatment development are thus suspect. They may be just as well making sure that there is no vaccine or treatment to pass trials. It is typical for example of the NIH and FDA to structure trials and experiments by selecting patients for trial that can't react to a low cost treatment in order to keep away competition from a new patented drug. There is no reason for any European nation to support the WHO and collaborate with it. Its actions as a CCP sycophant disqualify it from any degree of trust. They know better than that. Trump was suckered into the lockdown guidelines. It was a mistake. He is trying to get out of it without having to admit that he was taken in by the establishment - aka "the swamp" - in their role as CCP shills and paid saboteurs and political enemies.
  3. 14 points
  4. 14 points
    Watching the news in Malaysia this morning I saw where the rioters in the US were pulling down the statues of Confederate veterans, defacing historic sites (including the Lincoln Memorial), and demanding that US miliary installations named after Confederate Generals be renamed. In other news, British protesters and rioters were pulling down statues, defacing others (including those of Winston Churchil) and demanding institutions named after Cecil Rhodes be renamed. Slavery was a horrible institution, most agree on that.,But it needs to be seen in the historical context it existed in. Furthermore, almost every society, at some point, kept slaves (including South America, Africa and the Middle East). Slavery was NEVER a solely ‘white’ institution. The George Floyd/police brutality/racism narrative has now been highjacked. I have never owned slaves and neither have my ancestors. By the same token, no black alive today, in the US or UK, has ever been a slave in either the UK or the US. I refuse to buy into the white guilt or white privilege trip - I have neither. I am seeing ‘black entitlement’, which is unearned. I am to the point where I don’t give a rat’s ass about anyone who loots, burns down residences or beats people up for no reason. This is aggrevated robbery, arson and assault. I hope these people are arrested and prosecuted to the full extent of the law. I am sick of these people trying to rewrite history because they are ‘offended’. These rioters are entitled idiots have lost the plot and are doing more damage to their ‘cause’ than the Floyd murder created. I have zero respect for these rioters and will not shed a tear when they get what they deserve...regardless of their skin color.
  5. 12 points
    Mr. Biden is very rapidly getting the United States into an energy bind. He still has time to back up and let things be, but that door is closing rapidly. With the new administration's rhetoric on Saudi Arabia taking on a sour tone, the KSA will be a target for Iran, probably via Yemen, but possibly through a direct hit to the Strait of Hormuz. They're crazy bastards in Iran so it might even be a baby nuke. Presto! Just like that we wouldn't have enough heavy crude to mix in with our light sweet shale basin oil. We'd be in a war but with no real way to provide the aviation fuel to fight it. We need ready, reliable access to Canadian heavy oil . . . for many reasons. First is the strategic location next door. Second is to heal trade relations. Third is to cut Saudi Arabia loose. Venezuela heavy, nah. Mexican heavy, yes--again for the same simple reasons. Mr. Biden has bought into the California Plan: solar and wind energy stored in a lithium-ion battery concourse capable of emitting it over the grid as needed, providing electricity to electric vehicles that during crisis levels can send energy back into the power plant, cutting all ties to fossil fuels. I have yammered on for months about the dangers of such a transition without fossil fuel backup--in the case of California, the many natural gas fired utility plants that can provide backup now and will be valuable for NG to hydrogen in a couple of years. Mr. Biden seems to have sold his soul to the company store, which in this case is the magical wonder-world of the Green New Deal. He refutes that, calling it the "Biden Plan" instead, but it's the same deranged logic. No one really took this seriously--especially in the shale basins--because it was reasoned that he could never get it through a Republican-controlled Senate. Well, so much for that stopgap! With his abrupt cancellation of the Keystone Pipeline and moratorium on lease-letting on federal lands (even though it looks like a compromise), he has let the whole world know that he wants the United States out of the fossil fuels business as quickly as possible, at the same time sticking an eye in the prince's eye, and flipping off Canada too. How smart can you get! Be careful what you wish for, Mr. Biden. Right now the mainstream press is so gushy about your hair-brained ideas that you may get the impression you can do no wrong. But take it from me, you're about to get us in one hell of a jam: 1) raging inflation, 2) very high oil prices, 3) energy-insecurity, 4) a Middle East hellhole. It would be quite a setback for your devoted left to wake up one day and realize that 75% of the country yearned for Mr. Trump and the "good ole days." 😊
  6. 12 points
    I had determined to stay above the fray but when I read these gleeful little quips from the, what, the "Biden Camp," I have to wonder: what exactly is it that you're so excited about? Joe Biden was clearly the poorest candidate in the history of presidential elections. He was bereft of charisma or talent, absent of history, and most importantly, clearly in cognitive decline. Under cover of a pandemic, he was kept in the basement of his home, learning historical facts that most of us here already know, reciting sharp little quips and jabs, trying to get it all together. We saw with our own eyes tens of thousands of people at the Trump rallies in such places as Kenosha and Lansing, then a frail, mentally lapsed Joe Biden holler at a few cars at his rallies and they pathetically honked back. After that amazing dichotomy we're supposed to believe that this poor wretch, this wisp of a man, this forgetter of Mitt Romney's name (the, the, you know, the Mormon man), actually won the most votes in presidential history? When voting irregularity after voting irregularity was pointed out and taken to court, Democrat-run courts refused to hear the allegations. The Supreme Court--that great and grand arbiter of fairness--refused to even sign a denial of record. This could well go down as their greatest mistake since the Dred Scott Decision, which by the way has yet to be reversed by the SC. But what I wonder about most is what you glib fellows, you handy-with-the-word men, really think you have to celebrate. Is the getting rid of a president who is hard to love but produced one victory after another for the United States of America and for the world? Was it worth the subterfuge to get such a man out of office? And what do you propose to replace him with? A Manchurian Candidate, one whose son enriched himself massively doing deals with companies with ties to the Chinese Communist Party? Maybe you don't believe that, and that is clearly your right. But get this: Hunter Biden joined up at age 43. He had to get his first waiver because of his age, but he stated clearly that he wanted to become involved in "naval intelligence." He had to get a second waiver because of a history of cocaine use. No one asked then why it was so important to become an expert in naval intelligence. Be that as it may, he became an ensign, only to get promptly bounced out on "administrative" discharge because of failing a cocaine test. Then he became involved with his dead brother's widow, at the same time refusing to assume responsibility for a child born to a stripper--until the DNA test came back positive. It's true, what they say about sins of your father, but it is equally true what they say about sins of your son. Joe Biden isn't his son. But he damn well knew his son was grifting on his coattails, if not benefiting personally from said grifting. It is quite possible--if the stories are correct--that we are electing as president the most compromised and corrupt man to ever occupy the chair behind the Resolute desk. It is almost a certainty that he is not cognitively intact. The election is in dispute: roughly 80 million people feel that the election was rigged, and some of them are Independents and Democrats. So I ask again, just what is it you're so gleeful about? What exactly about this particular situation leads you to make silly statements that are presupposed to be funny and clever? And that leads me to the next question, just how long do you think this charade can go on? I would say weeks to months. And then we are left with the charming Ms. Harris, who was so accomplished that she didn't survive the first debate in the Democrat primary against a dozen of her (clearly superior) peers. This is an oil and gas forum. Many of us have a spiritual and financial attachment to oil and gas. We recognize that some of you do not, have declared fossil fuels evil and the "last buggy whip factory." The rest of us pretty much tolerate that and actually try to learn from you: some of what you say carries some weight. The great wars could not have been won without oil and gas. I would wager than not one of us would be alive were it not for oil and gas--the pharmaceuticals, the surgical equipment, the heat in the winter and the cool in the summer. If oil and gas were to have its collective spigot turned off, the world would go hard and cold and unforgiving. The result would make the Covid pandemic seem like a sore throat. But still we let you spout, and we listen, and then we spout and you should listen. I doubt that you would treat us so shabbily if we were conversing over a gin and tonic, and mentioned in passing that we'd lost sleep worrying about Mr. Biden saying that he'd shut down fracking on federal lands the first day in office. It surely hasn't dawned on you that the person you're gloating over just vomited over the statement by Ms. Harris--soon to be President Harris--that she'd ban ALL fracking on the first day in office. Surely it didn't bother you that the livelihood of many of us here depends on oil and gas. And Selva, I'm not blaming you for this mess but I am calling you out to run an oilprice.com forum. You could sometimes open this forum and believe that you'd entered some sort of progressive workshop. We shouldn't all nod our heads the same direction but we shouldn't have to tolerate a giddy in-your-face because of an election of a pathetic candidate either. After this, I'm out of here: I can't stand the stench. And the attitude of people from all around the world who inhabit an oil and gas forum to satiate some wanton hunger to hurt someone. But I got off-track. I have to ask you again. What are you celebrating? The death of a king? The rise of a corrupt president? Tell me, what is it you're so proud of?
  7. 12 points
    Dead on accurate. Presented without my usual long winded comments. DEFIANCE – There are More of Us Than Them In April something was bugging me… a familiarity amid the COVID lock-down status & another time… I couldn’t quite put my finger on it until a dear friend reminded me. Many U.S. states are acting like the early 1980’s and the imposition of Martial law in Poland to target the Solidarity movement. Subsequently I wrote about it on a Twitter thread, because the parallels were really quite remarkable. Sacramento California, peaceful protesters confronted by riot police Both Poland circa 1980 and the U.S. friction in 2020, center around fragile economic issues. Both were an outcome of state control; and the key connection is government targeting control over the workers. In both examples the state took exclusive control of the economic and social state of the citizens, and the courts provided no option for redress. In both examples the state locked down the citizens and would not permit them to interact with each other. In 1981 the government in Poland initiated Martial Law and citizens were forced to communicate underground. In 2020 a considerable number of U.S. state governments locked-down citizens in similar fashion and banned citizen assembly. In 1981 in Poland the communist regime used economic psychological pressure, selecting workers permitted to earn wages. Those workers identified as “essential” to the state. In 2020 many State governors selected workers to earn an income by designating them “essential” to the state. In 1981 in Poland; communication amid the Solidarity Movement was forced underground. In 2020 many oppressive State governors demanded social media remove public content adverse to the interests of the Stay-at-Home confinement orders. Big Tech complied with the authoritarian dictate. In 1981 Polish authorities arrested anyone organizing protests against the authoritarian state. In 2020 numerous authoritarian officials arrested citizens for non-compliance with unilateral dictates. From a New Jersey governor arresting a woman for organizing a protect; to an Idaho mother arrested for allowing her children to play at a park; to a Texas salon owner arrested for operating her business. In 1981 Polish authorities had a program for citizens to report subversive activity against the state. Snitching. In 2020 New York City, LA and numerous state and local officials started programs for citizens to report non-compliant activity against the state. Similar snitching. In both 1981 Poland and 2020 USA we also see media exclusively creating ideological content as propaganda for the interests of the authoritarian state (controlling citizens). Interestingly, as we begin to see the American people saying “enough”, and openly defying the authoritarian state. There’s another parallel that is comparable, enlightening and quite remarkable. Just before the authoritarian state in Poland collapsed there was a rapid movement for the citizens to take to the streets in defiance of state control. I remember watching with great enthusiasm as I saw a very determined pole shout on television: Fast forward more than thirty years later and those glorious voices are prescient. The power of the government comes from the people; or as we say in the U.S. “from the consent of the governed.” Thus the underlying principle behind our defiance. If the people will lead, the politicians are forced to follow: If one person refuses to comply, government can and as we have witnessed arrest them. However, if tens of thousands rebuke these unconstitutional decrees, there isn’t a damn thing government can do to stop it…. and they know it. If one barber shop opens, the owner becomes a target. However, if every barber shop and beauty salon in town opens… there is absolutely nothing the government can do about it. If one restaurant and/or bar opens, the state can target the owner. But if every bar and restaurant in town opens; and if everyone ignores and dispatches the silly dictates of the local, regional or state officials… there isn’t a damned thing they can do about it. The power of the local, regional or state authority comes from the expressed consent of the people. As soon as the majority of people deny that consent, those officials and state authoritarians lose all of their power. Yes, it really is that simple. Go live your best life. You’re worth it. Sacramento, California
  8. 11 points
    I am willing to bet these Greenies didn’t see this coming! The world needs to pause by all the assholes pushing Green Agenda’s! The world has tens of decades of cheap fossil fuels and I’m quite sure with all of the technology breaking at record speeds they if they desire can use and process it more efficient!
  9. 11 points
    Well, he did tell the whole country he was going to do this. I never doubted him. Then, choosing as Sec. of Interior a Native American woman who has professed hatred for fracking sort of underscored the statement. This is serious. Everyone who thought this was campaign rhetoric can now get nervous. For a while, this will help people like me. Obviously, no individual landowner or royalty owner is going to be hurt by this. However, this is only the beginning. When Ms. Harris becomes President Harris, it's lights out for the batch of us. WTI $100? Nah! I'm thinking more like $150. The Saudis are going to try to corral OPEC. Iran and others won't go along. But as I've said all along, Joe Biden wants high oil prices, even higher gas prices at the pump, all to get his Biden Green New Deal through and enable him to pump trillions of subsidies into renewables.
  10. 11 points
    I've had Frankie on ignore but I can tell by the title he's back to doing the wumaodang's bidding. I've been following the news in Taiwan, they are the ones who released a lot of the most incriminating Biden dirt including full backgrounds on the parties the American media ignored (well let's be honest, the media could not have ignored more if they tried, which they did). Taiwan knows full well Biden will sell them down the river, it was arranged in advance. This means China gets TSMC, which means every single semiconductor you've heard of and a lot you haven't is going to be under their complete control. That is the prize. America can't build a Class 10 Fab overnight and we don't have the support infrastructure for post fab work anymore, thanks to years of neglect. We certainly have the best chip designers in the world, I used to work at one, but everyone went fabless in the 90's and TSMC was the beneficiary.
  11. 11 points
    My guess is that the Wall Streeters find management to be "stodgy." If management has no collective intellectual "push," then the worker bees are not going to undertake risk. That dooms the enterprise to sloth. I invite you to take the "military contractor" complex as an aggregate and consider it one gigantic corporation, with revenues of $800 Billion. It has a huge payroll, staggering capital assets, and can and does raise capital at whim for basically nothing. Are those contractors bid through the roof? Nope. There is some intellectual creativity going on, such as "stealth" technology, but it is massively inefficient, so it internally chews up huge sums that would otherwise go to investors as dividends. And therein lies the problem, (in my limited view). Exxon is a bloated bureaucracy. It has the capital to go buy out competitors, and it has, but it does not learn from its mistakes. take the Exxon Valdez, the ship that had the drunken captain and ran aground and busted open. When the ship was finally salvaged it was towed down to drydock in San Diego and re-hulled. It was single-hulled; was it rebuilt with a double bottom? Nope. It was rebuilt to the original blueprints, then the ship re-named, then sent back out again on some other run. At least it did not get sent back to Alaska. Now, is that smart management? Nope. You just had a disaster with one design format. Why set yourself up for exactly the same disaster in the same format? Fix it (or scrap it) and do the double-bottom. But those giant outfits do not do that; they just chug along, and that sluggishness crushes the independent mentality you need for innovation in the enterprise. Without innovation, someone else will eat your lunch. The Fracking boom amply demonstrated this. Who would have thought of horizontal fracturing of tight oil rock? Entrepreneurs do. Exxon managers do not. I am no longer going to be posting much if anything here, getting tired of the CCP ranting. For the record, I am not a Trump Supporter. That said, I also grant that he has done remarkable things, and is emphatically not the stupid dummy that the CCP crowd wants to make him out to be. Specifically, his aluminum tariffs have single-handedly saved the entire US primary aluminum industry. With nothing more than vision and a stroke of a pen. Ditto with a number of other industries, so you CCP guys can go make insults all you want, in the end he accomplished what the Congress could not. The thousands who now have decent-paying jobs will continue to thank him. Trump's major failure was in not hiring me for his Cabinet, but you cannot really blame him, his staff has obviously not told him I even exist (and our paths never crossed even once in NYC, interestingly enough). Can the US be revitalized under Trump? Of course it can. He is probably more competent than Reagan, so you underestimate Trump at your peril. Cheers to all of you who are looking at this and the oil industry in an intellectually detached way. Oil is going to be around for a very, very long time to come.
  12. 11 points
    Protesters have brought this on themselves when they started beating innocent people in the streets, started looting stores, set communities on fire, and started over running the police forces. Not all riots come to National Guard being involved, its only after local police forces lose control of situation and they have. if your solution is to not get National Guard involved and just let this play out on its own then we see things from completely opposite view points. My wife is a RN and makes her commute to a city that is dealing with these protesters right now and you bet your ass I welcome the National Guard if that what it takes to keep these animals from harassing my wife on the way to work or dropping my child off at day care. I know if my town had these rioters making there way down the street past my house I'd welcome them. National guard isn't the problem, Trump isn't the problem, white people aren't the problem, the problem is people who don't know how to function in society and they will hopefully be dealt with one way or another. Its not that I'm not sympathetic, but my sympathy lies with small buisness owners who have lost everything, my sympathy is for the innocent who have been caught up in the middle of this, and my sympathy is with people who really were trying to have a meaningful protest and had all of it overshadowed by these animals.
  13. 11 points
    The Chinese are incredible negotiators. And Westerners, in almost every case, are incredibly gullible. Acting almost as clones, the Chinese: 1. Meet with the target foreign interested concern (FIC) and feign surprise when the FIC "enlightens" them to the possibility of selling the proposed 51%/49% (Chinese/FIC) joint venture's (JV) widgets not only to the FIC's markets, but to the Chinese market as well. This is trap #1. When the FIC thinks they see "enlightenment" in their Chinese partner, they begin to believe they have a motivated (by greed) partner and that this is a restriction (local market) they can get around, with the eager help of their newly enlightened partner. They believe, high on the prospect of selling their widgets to the Chinese market, they have made a breakthrough with this particular partner which will translate into access to markets they have been told they would not have access to. The FIC will report back to headquarters that "even if we only get 1/4 of the Chinese market that is (breathlessly) OVER 250 MILLION CONSUMERS! Now the trap has spread, and the FIC CEO starts making arrangements to expand investment and to make the next trip to meet the partners in person. 2. On the next trip/meeting, the CEO is eager to make an expanded deal; why else would he/she have come all this way? The Chinese partners show them the proposed site(s) for the shiny new JV. The CEO can easily see that the site(s) need an urgent injection of cash, but the Chinese side tells them, sadly, that the government Bureaucracy in charge of providing JV capital moves very slow. That everything else is ready to move forward, everything, just not the Chinese side's money. So sorry. Trap #2 - The site(s) may not even be under the Chinese partner's control, let alone ownership, AND, more times than not they never had any significant capital to begin with. Undeterred and seeing his opening, the CEO will pledge to get the JV a generous $1-5 million cash advance from the FIC's side immediately after returning to headquarters (some are even more efficient and make the transfer before they leave China). The Chinese partner will show amazement at the FIC partner's capabilities and commits to getting the site(s) up and ready for production to begin right away, say 6 months' time? In fact, could the FIC partner go ahead and send some or even all of the production machinery necessary? 3. The FIC CEO confers with his "delegation" to see if they could send machinery too. They decide it is possible, but they would need to have "their man" on the ground for the installation. The Chinese side, acting a bit humbled by such gestures of goodwill, consider this. They know they can get the machinery through Customs, which is a big job anyway and nobody can be sure how long it will take (about 1 week ), but they have not made accomodation for a foreign worker yet. And since they don't know how long it will take for the machines to clear Customs (maybe 3 days ), it's probably not a good idea to have the FIC's man sitting in a hotel for weeks, just waiting there. The Chinese will suggest that the FIC go ahead and send the machines AND the floor plans and they will try their best to get the plant set up by themselves. Trap #3 - The only things the Chinese partner wants are the floor plans and the machines, one of which will be "lost" for reverse engineering. The CEO will again confer with his "delegation" and decide, why not, we have a signed contract (in a country with no neutral arbitration and contract laws that favor ONLY the Chinese partner), and they make the arrangements to send the Chinese everything they need. They agree that a working team will return in 6 months, if all goes well, to get the machinery up and running, begin training the local staff (which doesn't exist) and get ready to open the production lines. 4. Six months later and the working team arrives. They are met at the airport by an interpreter and transported in a NEW small fleet of high-end western cars and vans to their hotel to rest for a day or two. Then they are taken to the JV site(s), where they immediately see that nothing has happened. The machines are there (minus 1 that was apparently "lost") but still in their crates. The buildings have not been cleaned and upgraded as promised and there are very few people around except for a shabby looking security guard. AND the Chinese partner's senior management team is nowhere to be found. Back to the hotel, calls are made to headquarters who order the working team to demand a meeting immediately with the Chinese partners. Frantic interpreters promise to make this happen, and it does a few days later Mind you, the meeting is with the newly appointed senior management team and nobody has met before, except maybe the interpreter is the same as the first meetings. They also note that the interpreter has another "trainee" interpreter with him/her. The team soon learns that the Chinese partners are in Beijing working on approvals for licensing and funding (still)! The team plods forward with their meetings in an effort to find out what is going on and what is needed to get things back on track (250 MILLION CONSUMERS ARE WAITING!). It slowly comes out that there was a big misunderstanding (or quite a few actually). You see, the Chinese side says, we meant that we needed the machines to prove to the authorities that our FIC partners were serious. They thought that would get the government to release the funds needed to get going. "Didn't you understand that?" More phone calls, more delays. "No, that was not what we were told" The interpreter is called out in the middle of the meeting and berated severely, as all of this misunderstanding must be his/her fault! The interpreter is replaced on the spot by (isn't that handy) the less talented but available "trainee" interpreter. Assurances are made that this embarrassing set of circumstances will not be allowed to happen again. So, back to business. Where were we? Oh yes, so where is the $X million we sent you? What? The interpreter didn't tell you what that money was needed for either? Lots of heated embarrassed discussion goes on in front of the team, and then, slowly, it subsides. Silence. The team leader asks the new interpreter: so what do we do now? Shrug. Just wait a moment please, Manager Xi is waiting for some information and must talk to the partners. Let's meet again tomorrow, okay? Tomorrow. Manager Xi informs the team where the money that was sent before had to be used (don't mind those shiny new vehicles outside): X had to be used to pay off old debt (What?!), X had to be used to pay off old electric bills and upgrade the electrical supply for your machines, X had to be paid to Beijing for approvals, X had to be used to staff the JV (still no sign of these people), etc. etc. etc. The team asks "So, is there any of that money left? (No, sorry) What about the funding from your side? Has that been approved/released?" Answer "No, that's why the owners are in Beijing, and it doesn't look good. They think it might take another few months, or maybe, maybe, a little bit longer. Trap #4 - They can't get up and running without another injection of cash. This goes on for month after month until you have a working factory, you have given over your blueprints and designs (because what would happen if any of the machines were to breakdown in the middle of production? And that's what they demand in exchange for 250 MILLION CONSUMERS WAITING! Finally, if they don't need your expertise anymore, they will trump up charges against your company and your team and throw the lot of you out, never to return. There is no real recourse in the Chinese courts, and YOU agreed to those terms anyway. You have no leg to stand on, and may well be on your way to bankruptcy, while the Chinese own your designs and your markets and your sales contacts and everything else. Have a nice day. Sorry it didn't work out. I saw this play out dozens of times and the U.S. Consulate people I was in contact with shared devastating numbers of times that this same scenario was replayed. We're talking thousands of companies every year. And I guarantee you there are still companies going in today that will fall for the same things, all in the pursuit of those same 250 MILLION CONSUMERS(!) that have absolutely no interest in your widgets.
  14. 10 points
    Those of us collecting royalties and producing oil are not unhappy about this Biden blunder. I hated that Trump was in league with that POS MBS to keep oil prices low. I think Trump learned that low prices at the pump will not get you reelected, high prices may not keep you from being reelected either as Obama had them and was reelected. It was a miscalculation on Trump's part, he would have been better off working with MBS and OPEC to push for higher prices and that would force China and Europe to kowtow more than the stupid trade war did.
  15. 10 points
    Texas is a big place. This weather is very unusual for Houston and San Antonio but Amarillo, Lubbock, Abilene, Wichita Falls, Midland not uncommonly get down to zero for a night or two in the winter. And houses are like people: some are well-built and insulated against harm and others are not. In both cases, those less-well-built suffer the most damage. And no, the green movement hasn't paid a lot of mind to the status of insulation. The green movement has paid considerable attention to profit, market share, and very little else. I love Texas but what is happening now is a showcase in disgrace and humiliation for a state that is not well acquainted with those two emotional experiences. This catastrophe--and it is that--is a real-life laboratory experiment in hubris, pretending to pay homage to clean energy, ignoring their own guidelines. I'll explain. The Texas Railroad Commission has what they call statewide rules. Number 32 states that new wells must not vent natural gas for longer than 24 hours or flare longer than 10 days. The implication--not so tacit--is that if you can't get hooked up in that generous period of time, you apply for an extension and your claim had better be good. For years they adhered to Statewide Rule 32. And then they hit the Delaware Basin and discovered it to be full of oil but also humongous amounts of pure methane gas . . . so much that takeaway wouldn't start to handle it. Some of those operators vented and flared with impunity--even though the market was flooded. The nighttime images taken by orbiting satellites made their way globally via the internet and people began to compare the shale basin to how London looked at night. You would have thought that would do it. It didn't. The TRRC absolutely refused to do anything about it. At the same time, Texas was building out windmills in the once-infamous wind corridor, up to ten-thousand on some of the prettiest land in Texas, selling a great amount of energy to Florida via NextEra, using the rest--to the expense of a better system using natural gas, which again they had in excess. Then came those godawful solar panels, dotting the landscape. Gregg Abbot gets an award from a wind company and thinks it will help his political career. And now this. In a state that has vented and flared millions of dollars worth of natural gas each day for several years we have 4M lives--many of them elderly and frail--in jeopardy because they can't get the damn heat to come on. I worried about one of those people last night and prayed that she could stay warm enough not to die. If this storm, and what is happening in Texas, doesn't change Mr. Biden's mind about an abrupt change in the grid, then he's likely to create a rolling disaster of immense proportions. I'm not blaming this Texas disaster on the president, just urging him to look at what is happening in front of his lying eyes.
  16. 10 points
    When the rolling blackouts were happening in California, they decried it was due to "peak demand" and wildfires, and the negligence of the utility company, PG&E, but narrie a peep about the grid itself. Not the deteriorating grid which it is, but reasons that have more to do with renewables than you'd think. Peak demand is definitely a factor, but there was an article today on oilprce.com and a piece is pasted below. It is interesting, and our reduction in oil, gas, coal and nuclear may well have more of an impact than is being discussed. In fact, it's not discussed at all. Of course, that's because the powers that be, if they understand what's going on at all, believe it's just to hard to explain because we are ill-equipped to understand, you know, since it's just so way too complicated for us mortals. Of course, the answer is that they don't want the public to know what's going to happen and it's not too long into the future. At the rate the Biden Administration is going to shut down the energy sector it won't be long before we'll be feeling like California. So, here's the piece. The entire article is on the site so most of you have probably seen it, but I thought it should be highlighted so it can be a point of discussion in case you run into a climate change warrior or the NIMBY "I demand renewable" crowd. Earlier this month, something happened in Europe. It didn’t get as much media attention as the EU’s massive funding plans for its energy transition, but it was arguably as important, if not more. A fault occurred at a substation in Croatia and caused an overload in parts of the grid, which spread beyond the country’s borders. This created a domino effect that caused a blackout and prompted electricity supply reductions as far as France and Italy. The problem was dealt with, but it’s only a matter of time before more problems like this occur—the reason: the rise of renewables in the energy mix. Bloomberg reported on the incident citing several sources from Europe’s utility sector. While no one would directly blame the blackout and the increased risk of more blackouts on renewables, it is evident that Europe’s change in the energy mix is raising this risk. The problem has to do with grid frequency. Normally, it is 50 hertz, Bloomberg’s Jesper Starn, Brian Parkin, and Irina Vilcu explain. If the frequency deviates from this level, connected equipment gets damaged, and power outages follow. The frequency is normally maintained by the inertia created by the spinning turbines of fossil fuel—or nuclear, or hydro—power plants. With Europe cutting its coal and nuclear capacity, this inertia declines as well, exposing the grid to frequency deviations.
  17. 10 points
    24% of the oil produced by the US is on federal lands. That's really, to paraphrase, no big deal except to certain drillers (EOG, Devon, Matador), and you're right, Texas has very little federal land that is oil-rich. What Mr. Biden may not realize quite yet is that he has himself in a box, as they say. His newly-appointed but yet-to-be-confirmed Sec. of Interior is a Native-American from New Mexico, which was a very poor state before the Delaware Basin--part of the Permian--came along. The special fund in New Mexico currently receives $1-2B a year from oil and gas. The state is blue and getting bluer. Gov. Michelle Luhan Grisholm has already asked Mr. Biden for an exclusionary waver for New Mexico. If he gives that, he has shown favoritism that would very likely become a Supreme Court case (exceptionally profiting one state while punishing another) from other shale basin states (Wyoming, Oklahoma, Colorado, North Dakota, Pennsylvania). That would be a very black eye for the new president. As I said, he is in a box, as he promised the radical left, including the Sierra Club, that he would ban fracking on federal lands "the very first day in office, period, period, period!" The great concern I have is that when Ms. Harris picks up Mr. Biden's fallen gauntlet (sometime this year if his appearance/comments/actions in his first day in office are any predictor), she will ban fracking period, period, period . . . as in all of it. She doesn't seem to have any national foresight or gravitas at all. May be his way "out of the box" as a great # of leases were permitted during the several months leading up to the election--probably enough to last those companies through a four-year moratorium.
  18. 10 points
    No, Western Countries would happily seize all oversea China personal assets and use that for compensation for loss in a sanction with China. This means all the red capitalists would see their assets value evaporated and food and energy would be a problem. I wonder if Xi can demand such a sacrifice from the internal CCP themselves for Taiwan. Why should anyone care about the enemy's assets or loans? And with the tech innovation evolving speed nowadays, soon China would be far far behind and would they pay Russian oil with RMB? US would be happy, Japan, Korea would be happy, Germany would be happy. Can China have great innovation from sticks without resources? Deng was able to make the border war with Vietnam in 1979 to consolidate power because China had nothing to lose back then after the great lead forward and the great culture revolution (and partly most of the Vietnamese battalions was in Cambodia)
  19. 10 points
    This election is going to decide everything. It will decide how much oil Russia will be allowed to send into the world market. It will decide Nordstream II. It will decide how Ukraine and its pipelines will end up. It will decide the fate of Libya oil and gas production. It will decide the defense of Saudi Arabia, and the relationship with Iran. It will decide how much oil China will import from Iran. It will decide how shale oil in the USA will unfold. It will decide the retail fuel prices at the pump. It will decide if the USA is going to hop back onto the Paris Climate Change Accord standards. Need I go on?
  20. 10 points
    What you are seeing is a microcosm of what goes on in the greater society. There is this loss of self-restraint, a grab for power without consideration of the consequences. Look, this Forum is for the community membership, not the self-aggrandizement of some moderator. If the members want to spend some time conferring on election issues, hey, it is not strictly "oil," but so what? Let the members decide what they want to post about. Ultimately, the climate inside Washington is going to determine the shape and flows of the international oil markets, so it is not as if it is totally out in left field. These are serious issues. For example: assume Mr. Trump is re-elected. It is plausible that the US will retract from Middle-east entanglements and leave the Arabs to their own devices. Will that re-shape world oil markets? You bet it would! If Mr. Biden is elected, then the Obama/Clinton hangers-on in that coming Administration will once again re-energize the Trans-pacific Partnership, and re-boot China into the top slot of world manufacturing. That will have significant consequences for the minerals, oil, and coal trades. It will also doom the US aluminum-ingot, steel smelting, and various recycling efforts to disaster, all will flow over to Mainland China. I predict it would also result in Chinese shipyards taking far more than the current 49% of shipbuilding tonnage, mostly away from Korea and Japan, two staunch allies of the USA. What that does for instability on the Korean Peninsula is anybody's guess, but it is not good. These are serious issues, and the censorship of the "moderators" is not helpful.
  21. 10 points
    Guys We lived through the greatest era of world history; post WWII through, you pick the year it ended. The United States with all her flaws was indeed a shining city on a hill. The US fought tyranny and liberated the defenseless. The US fed the hungry. The US stood for freedom. The US created immense wealth across the globe. It's over. Power hungry politicians in the US do not work for the benefit of the citizens. Indoctrination masked as education has left us dumb. Belief in economic theories which have NEVER brought positive economic results now prevail. There is no longer a sense of responsibility or integrity in the average American. The high water mark of this grand experiment is over likely having seen it's peak in the 1990's. Blame whomever you want but the Media is at the forefront of the demise. Societally destructive technology maimed the minds of the young who now find themselves pitted against the a country which delivered so much to so many. I get little sleep some nights thinking what my 20 and 17 year old girls face. Maybe it's just normal to worry as the world changes and my views don't? I don't think so. Our country used to be united against socialism. Today we are moving at warp speed into adopting socialism. In the words of the great David Byrne of the Talking Heads .... My God, What have we done
  22. 10 points
    The consumers lose because of Green economics. Fossil fuels are going to dominate the world's energy supply for decades.
  23. 10 points
    Excellent overview. Coronavirus hype biggest political hoax in history ANALYSIS / OPINION: The new coronavirus is real. The response to the coronavirus is hyped. And in time, this hype will be revealed as politically hoaxed. In fact, COVID-19 will go down as one of the political world’s biggest, most shamefully overblown, overhyped, overly and irrationally inflated and outright deceptively flawed responses to a health matter in American history, one that was carried largely on the lips of medical professionals who have no business running a national economy or government. The facts are this: COVID-19 is a real disease that sickens some, proves fatal to others, mostly the elderly — and does nothing to the vast majority. That’s it. That, in a nutshell, is it. Or, in the words of Dan Erickson and Artin Massih, doctors and co-owners of Accelerated Urgent Care in Bakersfield, California: Let’s get the country reopened - and now. “Do we need to still shelter in place? Our answer is emphatically no. Do we need businesses to be shut down? Emphatically no. … [T]he data is showing it’s time to lift,” Erickson said, in a recent interview. He’s right. They’re right. The data to keep America closed and Americans closed in simply doesn’t exist. If truth be told, it’s questionable it ever did. The scientists leading the coronavirus shutdown charge predicted in March that in America, between 100,000 and 250,000 would die. They based those estimates on computer modeling. But at the same time they were basing those estimates on computer modeling, they were acknowledging that computer modeling is inaccurate and errs on the side of hype. “I’ve never seen a model of the diseases I’ve dealt with where the worst-case actually came out,” said Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases and a member of President Donald Trump’s White House coronavirus task force, during a CNN interview in March. “They always overshoot.” Catch that? Fauci’s message: Computer models are flawed and inaccurate and always overestimate the problem. But from these faulty overinflated computer figures came all the constitutionally questionable actions by government anyway - from ordering businesses closed to quarantining-slash-house arresting American citizens to doing some quick and pitiful and economically painful income redistribution schemes via stimulus funds’ legislation. Since, about 56,000 have died in America due to coronavirus — or have they? Again, the facts are flimsy. Government ordered hospitals weeks ago to stop performing elective surgeries to make way for the projected numbers of coronavirus patients. So they did. And in so doing, they cut off their revenue streams. So Congress passed legislation giving hospitals billions of dollars to treat coronavirus patients. Conflict of interest? Yikes. Yes. The coronavirus counts, already flawed from computer modeling, were then given another flaw treatment. “[Pennsylvania] removes more than 200 deaths from official coronavirus count as questions mount about reporting process, data accuracy,” The Inquirer reported. Add to that the ever-changing nature of a virus that spreads by air and contact, and honestly, suddenly, even expert Fauci’s best guess is about as good as Joe Neighbor’s best guess. So that leaves common sense, combined with knowledge of past viruses, to guide. But the quote-unquote medical experts refused to go there, refused to acknowledge common sense, refused to compare with past viruses in any way that didn’t hype the coronavirus counts. This virus was different, Americans were told. This virus was far more contagious than anything ever before seen or studied, Americans were told. And any time the case counts dropped off and the numbers proved wrong, well, this was due to the social distancing and quarantining and face-mask wearing that Americans had been doing, by government’s order - Americans were told. It just didn’t make sense. It just doesn’t add up. It just didn’t, and doesn’t, justify the utter shredding of civil rights. And now some in the medical community, thank goodness, are starting to point out the glaring omissions of logic and fact that have plagued this overhyped, overreaching coronavirus crackdown that has stretched on far, far too long. Among some of Erickson’s remarks: “This is immunology — microbiology 101. This is the basis of what we’ve known for years: When you take human beings and you say, ‘Go into your house, clean all your counters, Lysol them down’ … what does it do to our immune system? … Sheltering in place decreases your immune system.” And this: “Any time you have something new in the [medical] community, it sparks fear — and I would have done what Dr. Fauci did … initially. … But you know, looking at theories and models — which is what these folks use — is very different than the way the actual virus presents itself throughout communities.” And this: “Do you think you’re protected from COVID when you wear gloves that transfer disease everywhere? … We wear masks in an acute setting to protect us. [But] we’re not wearing masks. Why is that? Because we understand microbiology. We understand immunology. And we want strong immune systems. I don’t want to hide in my home, develop a weak immune system and then come out and get disease.” And this: “When I’m writing up my death report I’m being pressured to add COVID. Why is that? Why are we being pressured to add COVID? To maybe increase the numbers, and make it look a little bit worse than it is. We’re being pressured in-house to add COVID to the diagnostic list when we think it has nothing to do with the actual cause of death. The actual cause of death was not COVID, but it’s being reported as one of the diseases processes. … COVID didn’t kill them, 25 years of tobacco use killed.” Does it get any clearer than that? Seriously, America. The only reason America is still in shutdown mode is political. Either politicians are too afraid to make any move that might come back to bite them politically or politicians are using this coronavirus to political advantage — to, say, pass gun control laws, like Virginia’s governor, Ralph Northam. Or to, say, float campaign hopes on the current ravaged economy, like former Vice President Joe Biden and oh, all the Democrats facing races. But for the rest of America - the rest of hardworking, freedom-loving America - it’s time to reel in the radically unconstitutional. “If you’re going to dance on someone’s constitutional rights, you better have a good reason - you better have a really good reason, not just a theory,” Erickson said. “The data is showing us it’s time to lift … so if we don’t lift, what is the reason?” That is the key question. As time goes by, the answer will only become more and more evident. The coronavirus may be real — but the hype is hoaxed. Now let’s just hope this is a one-time hoax that doesn’t roll around every time flu season approaches.
  24. 10 points
    Peter Zeihan's latest newsletter. Pretty strong stuff. Thoughts? A Failure of Leadership, Part II: How To Lose Friends and Mobilize People Against You By Xi Jinping (and Peter Zeihan) on May 14, 2020 The propaganda out of China of late has been…notable. Beijing has accused the French of using their nursing homes as death camps, has blamed Italy for being the source of the coronavirus (at the very peak of Italian deaths), has charged the US Army with bringing the virus to China in the first place, has thrown a “fact sheet” of truly disbelievable disinformation at the fact-oriented Germans, and turned the country’s ambassadorial core into cut-rate tabloid distributors – all while leaning on anyone and everyone from the United Nations to the World Health Organization to the European Union to regional legislative bodies to alternatively suppress and delete any information or analysis that does anything but laud China, as well as push them to take public stances that slobberingly praise China. In doing so the Chinese have seemingly deliberately wrecked their relations with the Americans, French, Italians, Germans, Czechs, South Africans, Kazakhs and Nigerians, just to name a few. (The Swedes had all but ended their diplomatic relationship with China – having come to the public conclusion that the Chinese government was a pack of genocidal, power-mad, information-suppressing, exploitive, ultranationalists – before COVID.) Nor are these disturbing shifts limited to the realm of foreign disinformation. Propaganda at home is boiling in a new direction as well. Overt, blatant racism is the core of the new program, with the government expressly blaming foreigners of all stripes for coronavirus in specific and China’s ills in general. Everything from restaurants to buses to gyms are banning foreigners. As a rule the government edicts are color-blind, but there are plenty of stories out there of this or that municipality or establishment singling out this or that nationality or skin color for…special consideration. And the invective will get more offensive and self-destructive and seemingly stupid. China’s propaganda offensive April was done by the professionals – the folks at the head of the Ministry of Truth-, er, Foreign Affairs. All the lies and everything that demeaned and insulted countries in the grips of the coronavirus was expressly deliberate and sanctioned from the top, with the ambassadorial core directed to follow suit. (For those of you who like names, watch spokesman Zhao Lijian, a man who enjoys Chairman Xi’s personal sponsorship). But we aren’t in April any longer, and China’s propaganda effort has become more diffuse, adopting more of a mob mentality. Now the entire governing apparatus has been unleashed, including agencies and bureaus down to the local level who normally have nothing to do with public relations, much less official propaganda. There is no longer a cohesive storytelling effort a la the Soviet style of propaganda. It is as if the Chinese equivalent of the MAGA crowd and the Bernie Bros are suddenly part of the propaganda effort, working alongside – or at least in parallel to – the Voice of America and the State Department. The April propaganda was sophomoric and moronic, particularly at influencing foreign audiences or achieving some sort of strategic goal. In May it has already degraded into the realm of the infantile. My personal favorite was when an apparatchik made a lovely post stating “We condemn the fatso to death” with the “fatso” in question being US Secretary of State Mike Pompeo. Considering the ultrafine mesh the Chinese internal censorship dragnet has been using of late, that particular post’s ongoing longevity is a testament to just how holistic the CCP’s effort has become. In the past few weeks the Chinese have deliberately destroyed three decades of efforts to build up soft power. I have never seen this sort of influence collapse, much less on a global scale. Even the Soviet fall saw Moscow retain influence throughout Latin America, Africa and the Middle East…and then the Soviet Union collapsed. The Trump administration just lost their Olympic gold in Gravitas Destruction to the Xi administration, and not by a small margin. So…what the hell? Hong Kong The Party may be descending into narcissistic ideology, and the Han Chinese may have always had a superiority complex based on a superiority complex, and we all may be a bit aghast at both the new tone and substance of Beijing’s foreign policy, and CCP is too paranoid, controlling, arrogant and bunkered to pretend to lead anything on a regional – much less global – scale, but I think we can all accept that the Party is not run by a bunch of morons. The explanation is unfortunately very simple: the Chinese leadership is well aware that soft power isn’t what is going to solve the problem they see. There’s some guidance as to the CCP’s thinking in how the propaganda effort is being explained within China, and it doesn’t bode well for the future. Semi-officially, the CCP called the April (official) effort Wolf Warrior diplomacy, in reference to a recent (and wildly popular) Chinese movie series about ethically pure Chinese soldiers who purge the world of evil American mercenaries. The closest equivalent I can think of would be like calling an American propaganda effort Starship Troopers diplomacy. (Yeah, it is as stupid as it sounds.) The (more disperse) May effort, in contrast, is being referred to as a Yihetuan Movement mindset. It is a reference to a particularly chaotic period at the turn of the 19th to the 20th centuries when a particularly violent strain of ultranationalism erupted in response to foreign actions within China. Most non-Chinese readers probably don’t recognize the Yihetuan Movement reference, but they probably do recall how it was labelled in the West: the Boxer Rebellion. More on that in a minute. This new propaganda program isn’t about Xi attempting to convince the wider world of China’s greatness or rightness. This isn’t about the United States or Europe or Africa, and certainly not about global domination. Instead it is about intentionally saying things so far beyond the pale that there’s a global anti-Chinese backlash. The backlash itself isn’t the goal, but instead a means to an end. Xi is attempting to use a global anti-Chinese backlash to enflame anti-foreigner nationalist activity within China. Put simply, Xi is trying to get the world pissed off at China so that China becomes pissed off at the world. Xi feel he needs to hyperstimulate and mobilize a large enough proportion of the population so that they can assist the state security services in containing, demoralizing, cowing – and if necessary, beating, killing and disappearing – those who do not buy in. Think this seems a bit…extreme? Brush up on your 20th century Chinese history, particularly in the context of how the CCP is explaining its propaganda effort to the Chinese citizenry. Google the Great Leap Forward to review just how deliberately brutal the Chinese government can be to their own people, and just how good the Chinese government can be at motivating its own citizens to persecute one another. Check out the Cultural Revolution to see how mobilizing portions of the population to repress the rest of the population makes the East German Stasi look like New Zealand socialists. Review the Tiananmen Square massacre to remind yourself of how far the CCP will go even in “modern” times when it faces a threat to its power. Look up the Boxer Rebellion to see how such processes result in the state-sponsored lynching and murder of Christians and foreigners. (Btw, if you are a manufacturer or investor and you still have personnel in China, now would be a glorious time to get them the fuck out). The only part of this that is new for China is that this time they have industrial and digital technologies to help manage the population so that the sharp end of state power can be brought to bear more quickly. This leaves only one question: Why…WHY would Chairman Xi feel this sort of extreme action is necessary? Put simply, Xi fears the end of China is nigh. And that, again, requires a completely new newsletter. Stay tuned for Part III…
  25. 10 points
    Marcin, despite that I shared this article (for information and assorted viewpoints) I have stated repeatedly that I am generally in favor of increasing oil & gas pipeline infrastructure anywhere in the world, regardless of the country or the politics. That includes Nord Stream 2. EU should be able to have Nord Stream 1 and 2 and also have the option to import LNG. Competition and choice are good.
  26. 10 points
    The world have negative views on Trump is perfectly understandable. Their mainstream just use US mainstream as sources, and I am sure every country's citizens and government, they love to hear another country in trouble politically or economically, maybe except US citizens don't seem to care about EU, which is strange to me. POTUS doesn't do lock down for cities or states. State Governors do because they are responsible for their states and President cannot fire Governors. Blaming Trump for states' failures is just similar to blaming Ursula von der Leyen for Italian Covid19's deaths. Each US state have their own healthcare and tax system, and their own economy, similarly to each EU member. And for people who say Trump should concentrate on Covid19 instead of Obama gate or Joe, precisely how do you suggest him to concentrate in anything if you are constantly attacking him? Should he read the statistics everyday or making policy,? How many states listen to him and relax the lock down order? Should Trump make an executive order to pass the next stimulus without the Congress to pass it? Is that the president's job? Bush and Obama both have critics on them as they didn't stop their vacations on national disasters while Trump at least is working harder than any of them in this Covid19. And I am sick of people compares EU presidents/prime ministers to US President while all of the countries have their own problems and even Obama was performing better in economics performance than most of big EU leaders. I just don't understand their mindset. I have never heard any one in the US talk bad/good about an EU leader, they just don't care. Did US own anything from EU? Feel free to make your own countries great again if you have a better government or leader. If President Trump is a clown, how about Secretary Xi? Scary Strategic Partner? EU even soften report about Covid19 cover up in China, bravely. And they didn't even listen to Trump cancel the 5G deals. China is biggest debtor of World Bank. The interest China has to pay is 1%. In BRI grand projects, each countries are borrowing from China with the interest rate of 6%. WTO cannot enforce the law when China breaks it. So who are clowns?
  27. 9 points
    Professor Gordon Hughes, of the School of Economics, Edinburgh University has written a report on offshore wind entitled Wind Power Economics - Rhetoric and Reality A summary is linked. This has been issued through an organisation called the Renewable Energy Foundation, although the REF is clearly not about lobbying for renewable energy as the name would suggest. It has issued reports correctly predicting major increases in UK power prices, in part due to the increase in the use of renewables. That point aside, Prof Hughes conclusion is that all the wind farms to be built to meet Britain's declare net zero goal are relying on completely unrealistic financial projections. They will run into financial trouble and have to be bailed out by the government which will then want to pass on the costs to the consumers. As a result he estimates that UK power prices will be 3-4 times in real terms (that is after allowing for inflation) than they are today. Say what? You may grumble that Prof Hughes is hostile to wind, none the less after trawling through the books of the existing UK offshore wind farms, all of which are audited and available to the public, he has some interesting points to make. One such point is that the government projections assume that the costs of offshore wind will decline as more installations are built. In fact, the exact opposite seems to be happening (the same trends are evident in offshore oil and gas installations). Although its not immediately clear why this should be so, after looking a the Danish experience Prof Hughes says one of the problems is that with the best sites already taken, new wind farms have to be built in deeper and deeper water. Deeper water means higher construction and operating costs. Another problem is the offshore wind industry's use of the gigantic 2+ MW turbines, as opposed to the smaller turbines typically used onshore. The smaller turbines are far more reliable. He says:" nearly 60% of offshore turbines will experience an equipment failure in the first five years of operation." Also the risk of failure increases sharply after 10 years of operation, although the Danish experience shows that this can vary greatly with location. In addition turbine performance declines rapidly.. Although existing wind farms may survive, all this means that instead of the government's assumption of an expected operating life of 20 to 30 years for new offshore wind farms, most will be lucky to last 20 years and fail to cover operating costs, let alone make any return on capital, after 12 years. Further, if the UK government insists on building a host of new farms, then costs will escalate. The result will be a financial disaster. As with all renewables, a few offshore farms are no bad thing. Its when you try building heaps of them the trouble really starts.. there is a lot more to the report which I urge you to read.
  28. 9 points
    Mr. Maddoux I do understand the ramifications of Keystone. However it is time to look at what I call the big picture. This administration/movement is inciting anger and discord in every corner of American society. Racism Wealth inequality Energy production Federal money allocations Border/Immigration PRESIDENTAL mandates @ rates never before seen Dismantling city police forces Standing down the entire US military. Eliminating congressional procedures Federalizing US election laws The revolution is here, it no longer lives in the shadows. Washington DC the nation's capital surrounded with barb wire, under the Gaurd of troops.. Mr. van Eck has a great distaste to wade into such conversations. Yet at the same time the American constitution is being smothered. @Jan van Eck
  29. 9 points
    Oh, the irony! So many woke naturists, using the good clean North Face company's petroleum based products, whole lines of their products. Maybe they can make some of it out of hemp? They'll have to stop toking and start thinking about that. North Face sounded like an environmentally friendly company. Wake up kids, things are not always as your professor claimed in school. The real world is worth looking into from time to time.
  30. 9 points
    In my head is the whole enchilada: India, Japan, Australia, and many more. Being from "Down Under," you will have a better grip on this than I can muster. However, yes, I do have more to share. And an explanation for our apparent mouse-like scurry to the dark side. Wombat, here's a newsflash: our media is censoring our news. I would have thought that had become apparent worldwide but since I haven't traveled I have no way of knowing. In fact, to tell you just how much our media is censoring the news, Twitter and Facebook are at the top, shutting down accounts that don't agree with their business plan, and CNN, MSNBC, The New York Times and The Washington Post go along with it all. America is in trouble! At long last, after a remarkable sociological study of democratizing a republic put together quilt-like, we have seemingly overnight been subsumed by a gigantic wave of sociological propaganda underscored by failure of Amazon to publish certain books and removal of others without cause. That scheme was put together, and worked, to put our current administration in power. The cities that favor this movement were terrorized last summer and some are boasting about more to come--and that too was ignored by our current administration and by most media. Socialism alone is just socialism, but that never lasts very long without violence entering the equation. Socialism plus violence equates to Bolshevism . . . and certain quarters of America, including the mainstream media, seem to be giving the Good Housekeeping seal of approval to it. That's unfortunately where we are. Teetering on the edge. Underneath this turbulent surface at home roils an equally massive sea change abroad--churning away almost out of our view. On some level some of us see that and hear about it and get worked up about it. But I can assure you that the general public has been more worried about their families and work and whether their business is going to fall into the winner or loser category determined by a virus genetically-engineered by the CCP and (by propaganda that has amazingly been approved by the above media/administration forces) put back into the Wet Market by WHO (believing the CCP propaganda), Dr. Fauci (believing WHO), and Mr. Biden (believing all of them). We have become like mushrooms: kept in the dark, fed horse-shit. Worldwide hysteria about global climate change has prompted many policies to go willy-nilly after the latest new thing. There is absolutely no doubt that the world needs to work on reducing carbonaceous pollution, but that includes massive forest fires, which seem to have been left out of the tropospheric carbon calculus, and also includes the unbelievable amount of carbon put into the air by open-earth mining for lithium and the REE's needed for renewables. Somewhere in all this fits the Solar Minimum, which could possibly equate to the Maunder Minimum in degree and influence. And along with solar quietude always goes an increased incidence and size of Coronal Holes, which in turn are eerily correlated with the awakening of volcanoes and earthquakes. Solar doesn't do well under a persistent cloud of ash from a volcanic eruption, yet Hawaii, right in the middle of the Ring of Fire, is going all-solar. Obviously, there's a lot going on right now. If you try to dogleg geopolitical influences and movement in with energy and natural occurrences in the solar system and therefore the climate and ocean currents, you wind up heading straight for the Tequila bottle. While most everyone has jumped on Texas--because they do everything bigger and then brag about it and their charity and giving spirit is lost in the other stuff--they have focused on the "freak natural breaking out of the polar winds through a weakening warm air jet stream," totally ignoring the larger picture that this was a warning to the world: 1) Variable energy sources are difficult to fit into a grid under stress, 2) All grids are under stress, mostly due to aging distribution lines (ave. age 35 years in the U.S.), but also due to a too-fast transition to poorly-understood renewables fitting into the grid. 3) EMP would wipe out large areas of the grid--pick a country you'd like to see go dark. Hegemony is like a wolf on the prowl: it is as much a function of emotion and global gestalt as military might. Hegemony and reserve currency go hand-in-glove, so if you have hegemony you always have the money to pay for it. But as we're learning, you can also make that money--the reserve currency--worthless if you print too much of it. As the rest of the globe wrestles with the Made-in-China virus, China triumphs in new life and forwards the Digital Yuan, sharpens its gaze on Taiwan, adds more tarmac to the Spratley Islands, chants 5G almost continuously, and also builds a relationship with KSA, Pakistan, Afghanistan and even Russia (in sharing the warm water port at the peninsula looking out over the Arabian Sea--that's where the Russian gas pipeline will end). The KSA is an equal opportunity opportunist, so it will go wherever hegemony leads . . . especially if that involves getting paid in gold-backed something. This will all work itself out without any input by me. However, American public awareness is at an all-time low, people are being led around by the government that is now in charge with absolutely no counterbalancing opposition, and as mentioned above, this is all made worse--much, much worse--by the fact that the news is absolutely, no doubts about it, being censored. We American people, alarmingly, are being led around by a nose pinch, fed and watered according to the Doctrine of the Far Left, the Crazy, the Dramatic, the Senile, and the Profiteers. And that's as scary as it can get!
  31. 9 points
    I think I can shed some light on this or at least point you in the right direction. When gas encounters a pressure drop (usually in a control valve), the temperature also drops. This is referred to as the JT Effect (Joule-Thompson: a 100 psi pressure drop results in a temperature drop of 6-8 degrees F). At the same time, liquids can drop out of natural gas after a pressure drop. So with a drop in temp, these liquids can freeze and cause valves to fail. This is a normal thing that operators have to deal with on a consistent basis in the winter, usually with pipe insulation, heat tape, methane injection or catalytic heaters. This storm just made the problem so much worse because operators weren't prepared for it to be this cold. Attached is a picture of a frozen valve. The valve body is completely covered in ice. Hopefully that helps!
  32. 9 points
    Of course he will. And of course they'll do it--Mr. Musk brought hundreds of billions of dollars to the state of Texas with his Tesla plant. Not only that but Larry Ellison is the second-largest Tesla shareholder, and Musk talked him into "taking the red pill" too--all of Oracle has moved to Austin. That's one big incentive. Besides that, Texas had embraced renewable energy many years ago. For the last decade wind energy has contributed between 10-20% to the grid . . . and that doesn't compare to the wind power sold to Florida. Solar too. The last three days hasn't seen much sunshine in Texas and the wind turbines are apparently freezing up. A battery storage depot probably sounds pretty good, right about now. I doubt seriously that Texas ran low on natural gas. They have simply examined a century worth of weather, attributed certain percentages of projected needed power from different sources, and got caught by an outlier. Texas being Texas, they probably won't get caught again.
  33. 9 points
    It's not my job to put down California, but they are on a collision course with disaster. As was pointed out ad infinitum in the late summer/early fall of 2020--when it seemed that the whole state was burning--the power lines in much of northern Ca are old. When the wiring and cladding become stretched and taut from low temperature, then sag during heat, given enough years that material becomes frayed, conductivity extends through the cladding, and a sag against a dry limb produces a fire. Instead of spending the money to bury a 100 miles of line a week, they're spending the money to develop energy in a different way . . . sent out over the same old grid. Not to pick on your state, but the carbonaceous material sent into the troposphere last year was enormous. Want a carbon tax? Okay, you've got it, only we're counting all carbon . . . including that sent into the air from your wildfires. You talk about silliness, well this business of using a frayed old grid system is the absolute epitome of stupidity. Sorry, but it just is. Okay, so you're not in charge, I get it, but you folks are going to have to rise up and do something. What is likely to happen--I'm not saying it will definitely happen but there's a a pretty good chance of it--is you decommission all your NG plants, build in great solar/wind collection systems that produce energy stored in lithium-ion concourses only to have an unexpected problem develop out of the blue. A few hot days, a bunch of wildfires, an unexpected problem, then a flock of old people without AC in a nursing home, or a bunch of people in a big dialysis center, with no electricity. And guess what, there's no backup system. You call Wyoming, which is the state where you order electricity like it's a Big Mac, only they need their electricity . . . just like last year. And it should be embarrassing to the extreme that your state boasts a low carbon footprint but has no trouble ordering electricity from Wyoming that was created from a high-sulfur coal-burning utility plant. Gimme a break! You have--at this point--two choices, California. You can either spout stuff like, "Please stop spreading this silliness, we have had a grand total of two days during the last 20 years on which were rolling blackouts," or you can stand up to the governor and say, "We're about to get in bad, bad trouble." Take your pick. If you are representative of the people of California, it would appear that you already have. And I'm saying that as graciously as possible.
  34. 9 points
    No one won yesterday. It was a disaster on many fronts. I have said many times that I am no particular fan of Mr. Trump's. However, from my viewpoint, I see socialism coming in. And if the right thing had been done--the early appointment of a bipartisan commission to oversee a forensic examination of the voting machines--this issue (which the American people need to have settled) would have been long put to rest. This was a sad day for America, and for Mr. Trump. As is my wont, I tried to put myself in his shoes: sharp voting irregularities, news censored, social media deleted, Republican Party mostly deserted, total failure of the courts to examine the complaints. I would have been angry too. Any supporter would say that he'd showed conviction and determination in his stand; any detractor or hater would say that he incited a riot. Either way, he is finished. Partly by his own narcissism, pride, lack of humility and meanness to underlings. Partly by a very determined Democrat Party hell-bent on obtaining power and changing America to their own design. Lots of people--including many in the Republican Party--want to see him utterly destroyed, a shadow of his former self, gone under the cloud of Section 25. He hasn't much more to lose. Me? I'd buy a very big boat and enjoy the sunshine of Florida. He? I don't think so. I think he will spend the rest of his days looking for an answer that could have been readily provided by all the failsafe systems put into place by an almost leakproof Constitution. And we all have to work to heal this great divide that has been somehow wedged down the spine of our country. I imagine from the tenor of your post that you see me as some mean-spirited old fellow. Well, I'm old, and I would desperately like to protect my oil and gas interests; they are pretty much my life. On the other hand, I have had a difficult time figuring out your side of things too; I don't understand installing such an elderly, compromised man as president, only to have him cloistered and speaking only from a teleprompter for fear of the demolition of a simple sentence, backed up by a socialistic-leaning woman--the two of them with repeated vows to ban fracking. I have railed against violation of TRRC Statewide Rule 32--venting gas for >24 hours or flaring for >10 days--because I believe in reducing the amount of methane gas emissions as much as possible, not to mention the optics and the waste. However, when I try to look back at what and where we'd be if there had been no fracking, it looks worse. To confuse my solid stand against things--venting/flaring, installing an administration ready to destroy the American oil & gas industry--with condoning other things--rampant damage to the environment, violence--is a silly and irresponsible way to make your point. It's the main reason that I too shall depart this site. Not from having my feelings hurt, or some sense of being on the wrong path--I feel just as strongly about how this should have been handled. But because of people like you, who just keeps pushing on a string. Your post shows that somehow, for some utterly obscure reason, want to paint me into this corner, as if I am some Proud Boy or something. I'm not leaving angry or even hurt, just sad at the terrible mean spirit and division that has taken over our country. Maybe I've lost my mojo, but I just don't see any use in railing on about how a bipartisan commission should be appointed to make damn sure there was no major-league voting irregularity. I have a pretty decent education and like to think that I'm of a measured mind when stating my opinion; I'm no brawler. Like the rest of you I'll be watching to see how the next few years unfold, and if there was an issue with the machines, the truth will out. I wonder what that would do to the fabric of our flag.
  35. 9 points
    When there are two totally opposing views on something I always try to look at it from the other side. When I do that, I imagine myself being one of you smug fellows happy with the presidential election, secure in the knowledge that Joe Biden--a shadow of his former self, hapless and unable to carry a thought through to its logical conclusion, prompted and aided by his wife and anchors--has somehow acquired the most votes of any candidate in history without showing up, being televised making these horrible mistakes, inept and fumbling. I must say, I can't see it. Combine that with the fact that he is almost certainly a Trojan Horse, at some point (soon) handing the reins over to a socialist senator from California, a woman who was so ill-prepared and devoid of new thought material that she couldn't survive the first presidential primary, and I have an even harder time. Take the view of one person here, that these shouldn't be thought of as votes for Biden/Harris but votes against Trump and I really don't get it. Presidents are a lot like surgeons: you don't have to love one to attain a great result from their efforts. In this case, we, a Christian nation but open to other belief systems, have concreted a stronger tie to Israel and at the same time have patched together a much more amicable Middle East between Islamic nation-states and Israel. As a nation, before the virus hit, we had a roaring economy and a rising stock market. All incoming traffic from mainland China was shut down on January 10, 2020--at which time Biden and others called the president a xenophobe--and this single act likely saved more lives than Dr. Fauci has saved in his entire career. At a time when Dr. Fauci was on national TV urging Americans not to wear masks, the president was condemning China for not warning the world about the uber-transmissible virus that had escaped the lab in Wuhan. This president ordered the strike that killed the most dangerous terrorist in Iran. And when he drew a line in the sand, it was more than a squiggle. His was a voice for farmers and steel-workers, not just for billionaires. So you want to get rid of such a person and replace him with a frail, failing 78 year-old man who has never accomplished a single humanitarian or road-building act in his life? To what end? Joe Biden and Barack Obama sent a plane-load of cash to Iran, like giving money and the car keys to an errant teenager with a history of a drug problem. Obama did his very best to destroy our longstanding ties to Israel. I'm sorry, fellows. I'm sure you have your reasons but somehow you've failed to communicate them. Saying that you hate Trump isn't enough. Claiming that Trump is responsible for these 230,000 deaths from the virus isn't enough either. Do you honestly think lockdown is the answer? As lockdown proceeds in California, the virus infection soars: people take it indoors and spread it. You really can't mandate masks: this is America and, after all, the head of the NIH early on urged us not to wear them. Trump is no doctor and face it, receiving an experimental antibody cocktail when he got the virus set a strong example to the rest of us: If Fauci had gone on TV and urged all vulnerable (>65, obese, hypertensive) Americans to go into a center and receive antibodies at the earliest sign of the disease thousands would likely have been saved. But no, it would appear that he too was more interested in tearing down this president than saving lives. I'm sure you can do better, you chortlers out there with your moronic memes and sophomoric reasons. Give it a shot, eh? Try to sit down and type out just why you think this country, the United States of America, the beacon of democracy, the center of capitalism, the place where everyone wants to come, will be better off with a man who has to close his eyes like a third-grader trying to answer a question about his vision for the country. Make a cogent case, showing independent thought and reason, as well as a caring for this great country, and if you can convince me I'll personally come out and make a post. I presume that most of you actually like America. Lots of people from all over the world do. When I travel, I am always surprised by how many people say they love America. So imagine a world with President Joe Biden in charge of it--even temporarily--and then imagine that same world with a socialist-leaning senator from California leading it. Do you like what you see? If so, would you mind sharing it with the rest of us? I think we'd all be interested in your measured thoughts about where you think the GDP will go, and taxes, and of course our relationship with China and Russia and Iran and Israel. Do you honestly think a pair like this can lead when the very system that chose them was quite possibly rigged? And what will that world look like? Can you somehow imagine a better life for your children under the guidance of a frail old man who has to hurry his answer so he can go pee? Or a woman with a bagful of pet peeves about how she was slighted as a child . . . by the very man who somehow found it in his heart to forgive her for embarrassing him at the first debate and chose her--ostensibly of his own free will--to be his second? If you can, then make a case for it. Don't keep making these little ten-cent quips like some gangbanger with a ducktail. Tell us what it is that delights you--as a patriot, or just one of those people around the world who admires America.
  36. 9 points
    ^ Of your many asinine comments bordering on third-grade level sophistication, this is one of your dumbest. Try to look at where you will be in thirty years. Do you think, looking back, that you'll be proud of making a stupid statement like that? If so, God help your poor parents, and all that have to claim you as kin. Try to imagine that you're actually saying this stuff to me, and to the other several members of this forum, most of whom I would imagine to be much more successful and accomplished than you. And then go pour yourself a scotch and try to imagine why you're doing this. Is it for some small psychopathic gain? Some feeling that you're now playing in the major leagues? I would fully consider that several people on this forum could buy you out of their back pocket. And there are several more who clearly have an IQ vastly superior to yours. So what are you gaining here? What is your game? Are you coming on here in order to get a little hormonal boost? Maybe a chuckle? Or are you lost? Look, there's a suicide hotline. If you're really this desperate for attention, please call it. If you have some sort of mommy issue--maybe she didn't like you--then that's a bummer and they have a protocol for that. If you have a daddy issue--can't live up to the old man's expectations--then they have a protocol for that too. They deal with people like you every hour of the day. Anyone can go insane. Many of us come on here to read and learn and converse with peers on a courteous level. Some of them don't agree with me, but they treat me well. I don't always agree with them, but I try to see their view of things. There is no place for someone with your level of unsophistication, or frankly, your degree of insolence, on this board. Try a little self-examination and then come back with something to add.
  37. 9 points
    Aw, come on, Jay! For a smart guy you can be as dumb as a stump, when it fits your purpose. Dead people have been voting in America since we became a Republic; every politician knows it and furthermore knows that the only way to win is to take into consideration the cemetery vote. Not only that but there are centers of voter fraud to fit the system, most of them Democrat, though I'm sure the Republicans have a few too. The old Boss Tweed Machine was notorious; it ran NYC from Tammany Hall until Mr. Tweed died--and NYC has been endowed with the corrupt Democrat vote-getting cerebral cortex ever since. Furthermore, the mailbags containing the military vote has been put down in more corners than you can count in the Pentagon (over 20,000). We haven't even touched on voting machines, the anathema of any strict Lutheran, not to mention the Luddites. Those babies can be programmed from as far away as . . . well hell, Jay, I'll bet you anything a guy could program one from Beijing. HaHaHa. Furthermore, though I'd like to put you down as average, you are far from "average." You make more money. You were born with a larger brain, though you sometimes use it for the damnedest purposes. You are some sort of cog in the California Dream Machine, though I haven't figured out just where you fit. In short, you know too much about energy dynamics and economics to be outside the looking glass, looking in. A cog knows that a lithium-ion battery storage bunker is going to be built at Moss Landing before the local realtors. We do not have transparency. For instance, transparency would mean that every voter in America today knows that the computer in question in Antrim County Michigan has been interrogated by a bipartisan panel of experts and hadn't been tampered with. And we'd know why so many people either moved away from or died in Nevada--has there been a toxic spill? If we had transparency we'd all know for sure why Fox News precipitously called Arizona and at that moment, every swing state stopped counting--was that just a two-hour coffee break or what? In truth we know none of those things and are therefore like earthworms tossing the soil during a tumultuous political season: we're being kept in the dark, fed bullshit with a little wine thrown in by the elite San Francisco class, likely Plumpjack chardonnay aged in oak by the Newsom-Getty winery. The "Average American" is the person whom you want as a customer for your wind and sun power but makes the equipment and knows it's mostly junk. The average American likes cars with carburetors and reluctantly drives one with fuel injection. The average American would rather go to war with China than to suffer through a bout of their virus. The average American showed up at one of Trump's rallies, instead of driving a Prius over to a parking lot so Joe Biden could holler at them for five minutes like a scene out of Pixar's "Cars". The average American has lost someone to Alzheimer's and is pretty damn sure he recognizes the same process brewing in his new president-elect's brain. The average American--trust me on this--knows that the new president will not be exiting the Oval Office at age 82, cracking jokes and barking out astute executive decisions. And when it dawns on the average American that he has been duped--when it becomes apparent that the Boss Tweed Political Machine knew all along that their candidate was impaired--he or she is going to be madder than a hornet. At that point, you will get to witness, up close and personal, what the average American does when you piss him off.
  38. 9 points
    No, they do not. In the USA, additional to the Statutes and Regulations created by government, we have a body of law known as "tort law." If one entity, a person or corporation, harms another person by its acts and practices, then they can be sued for money damages and injunctive relief. Further, a nice chunk of US tort law flows from "bad acts" damages suits, sometimes referred to as "breach of the covenant of good faith and fair dealing." Malicious bad acts, or intentional acts as contrasted with negligent acts, are especially punishable by the use of "exemplary damages." Much of American corporate propaganda is directed at constraining such punishing-damages awards, what corporations have labelled as "tort reform." For Americans here, don't be fooled. Nobody gets sued for running a clean ship. The lawsuits start when the corporation behaves in a sleazy, deceitful, reprehensible way, and you see that when certain "managers" get hired out of certain "business schools" where they should never have been admitted. Harvard has been the worst offender, admitting trashy people as students, those with no moral compass. Shame on them.
  39. 9 points
    One of the problems Canadian mining companies run into whenever they propose to open a new mine is some huge outpouring of resistance from activists and 'First Nations' representatives. Often those who are promoting the mine find that the activists are misinformed - much of what the activists say the mining companies are going to do is ridiculous - way out of proportion or environmental damage that would clearly be illegal under Canadian law. When they find the source of the funding, it turns out to be foreign interests that already have competing properties. The 'activists' are hired to frustrate competitors to existing companies. The instant someone's 'blanket solution' is 'nuclear is the only way to go' it's reasonable to assume someone is trying to kill a viable competitor. There is no doubt renewables cause some environmental damage, and this may include migratory bird die-offs and loss of habitat due to deforestation. Wind turbines aren't the only things that kill birds - the worst offenders are tall buildings. If we have to get rid of the turbines, then we need to outlaw skyscrapers first. The TED talk I'm watching may not be the same link, but some of the terminology that shows up 'large land areas'. He doesn't define what 'large' is. He describes the Ivanpah solar concentrator as a 'Solar Farm' - it's a solar concentrator, and is already obsolete and shut down. This is a blatantly misleading narrative. His charts and graphs show solar and wind costing 'twice as much' for 'half the output', which is a legitimate assertion for 2018-2019. Renewable costs, just like every other energy source, have volatile cost components. Renewable costs are mostly trending down, along with most other energy sources. "Renewables require 17 times more material than nuclear plants". The first problem with this is the nature of the materials - silicon and aluminum are the most common elements in the Earth's crust after oxygen. In other words, so what? Then he goes on to assert that 'discarded solar panels will be shipped to third world countries where workers will be exposed to lead, cadmium, and chromium'. OK, where is the lead, cadmium, and chromium in solar panels? How do we get to those toxins from waste that doesn't contain them? In any case 'experts fear...' isn't anything more than someone's conjecture. Aluminum and glass are easy to recycle. Photovoltaic cells can be converted back to silane gas (SiH4) to make new PVs. 'Sunlight is really diffuse and dilute', but it shines 'everywhere'. Meaning someone on Fiji can put up a solar panel, in a situation where a nuclear plant would be impractical. 'New version of Blade Runner, where all of California's deserts are paved with solar farms'. Anyone that does the math on this realizes that the area needed to run the entire US is a square about 100 miles on a side. There is more 'disturbed earth' in the Permian Basin, not to mention the Nevada Test Site. In any case, this is a reference to a work of fiction. "It's hard to ramp nuclear up and down". This would be immaterial as we move more toward power storage. Nuclear plants are 'baseload', generating constant output. Except that power demand isn't constant - 3:00 AM power needs are about 40% of daytime peaks. Therefore, storage would allow nuclear to 'flatten' it's production output, just like the other power sources. By the end of this Ted Talk, Shellenberger has not even acknowledged photovoltaic cells. All his facts are rearward facing. The picture of two workers on a burning wind turbine dates from 2013 - it's likely that the safety issues exposed from that accident have been addressed. It's likely that this narrative has a sponsor, and that sponsor is staying well out of sight.
  40. 9 points
    No. No evidence 🙄... I don't need a link to a 'survey' or specific stats that prove your point. Look at the Macro. Record low unemployment, GDP growth 38% higher than Obama (pre COVID). The average REAL GDP growth rate under President Obama was 1.88%.Here is the Real GDP Growth as per US Bureau of Economic Analysis by year. Do the math yourself to confirm:2009 0.18%, 2010 2.57%, 2011 1.61%, 2012 1.47%, 2013 2.61%, 2014 2.7%, 2015 2.00%, 2016 1.88%; The average is 1.8775%; The average REAL GDP growth rate for President Trump is 2.8%, so far. Do the math yourself to confirm: 2017 2.5%, 2018 3.1%; 2019 2.3%. The average is 2.6%. That's a 38% increase in GDP growth rate versus Obama. It's all tax cuts and deregulation. This is my go-to page for the Which Party is Fiscally Responsible debate https://extranewsfeed.com/who-is-better-at-controlling-deficits-republicans-or-democrats-af24c0fd00b0 Who is better at controlling deficits, Republicans or Democrats? I love to disspell myths with data. It makes me happy What’s great about the subject like deficits is that the data points are fairly straight forward. The data points around who’s to blame for deficits are not that exact but let’s take a stab at it. I frequently hear the claim that Democrats are better at containing costs and deficits than Repbulicans. Better check your math. Go to the archived Obama website (just to make sure I’m being fair I’m using the data from the previous party in power) https://obamawhitehouse.archives.gov/omb/budget/Historical Download a historical table. The first one will do: “Table 1.1 — Summary of Receipts, Outlays, and Surpluses or Deficits (-): 1789 — 2021” Add a column and label the years from 1970 to 2016 with which party was in control of the White House (we can get more granular later) I did some Pivot tables here are the results: Deficits by Party in Control of the Presidency Deficits run up by sitting President by party since 1970: DEM $(7,859,779) GOP $(4,474,671) (note: these numbers are in the thousands… so that’s $7 Trillion in deficits vs. $4 Trillion). From this angle, it’s hard to state that the GOP is worse than the DEMs at keeping down the deficit. I would say it is factually true that Democrat Presidents are worse. Deficits by Party in Control of the House and Senate This time we’re looking at which party was in control of the House and Senate or if the power was split. Disregarding the party that owns the White House and just looking at who controlled the House and the Senate. Since 1970, if you examine budget deficits according to actual outlays and receipts for each year the breakdown is as follows: DEM. $(6,597,219) GOP $(2,302,718) SPLIT $(3,434,513) Again, these are in 1000's of dollars = TRILLIONS. And once again from this angle the data says that the best way to keep the budget deficits under control is to elect Republicans to the House and Senate. Deficits by Balance of Party in Power You know — I want to be ABSOLUTELY fair in this so I parsed it another way looking at the total balance of party power across these 2 branches of government. So, if the DEMs or the GOP controlled the White House, Senate and House then I assigned the year to that party otherwise I put SPLIT. DEM $(4,692,288) GOP $(1,386,361) SPLIT $(6,255,801) This time it’s not even close. The DEMs are pretty darn bad at keeping deficits under control. In fact, having a split set of power leads to worsening deficits. AVERAGE Deficits by Party in Power I like averages, let’s go with averages. We’ll use those same parameters: White House party, Legislative party, and Overall party power using total number of years in power as the denominator. The data is all there. So, since 1970. Average budget deficit by party in charge of the White House (GOP has a record of 40% lower deficits): DEM $(392,989) GOP $(165,729) Since 1970. Average budget deficit by party in charge of the legislative branches or split… this one has the DEMs looking a little better. It certainly shows that split bi-cameral options have more debt. GOP still holding the budget line better. DEMS $(286,836) GOP $(164,480) SPLIT $(343,451) Since 1970. Average budget deficit by party across the 2 branches… this one is a slam dunk notch against the DEMs. When the Dems own the White House and both legislative houses — deficts increase… pretty dramatically. DEM $(521,365) GOP $(231,060) SPLIT $(195,494) I frequently hear how people on the right ignore facts and have no data to support their stances. I just used data and I made it available to everyone here. If there’s another way to view this I welcome it. I should note that both parties have a history of running up some serious deficits and increasing the national debt (which is hovering right now below $20 Trillion). No one can argue that Trump’s budget isn’t the most significant budget cut in almost 50 years. It’s pretty astounding (even if it only lowers the federal budget by 13%). If you want to reduce deficits the best way to elect a Republican to the White House and majority Republicans in the House and Senate.
  41. 9 points
    I am not aware of any major oil producing company which has any interest in restraining oil production - BP and Shell among them. OPEC does to the degree that OPEC as an organization has any singular goals or objectives, but none of the IOC's do (International Oil Companies). However your analysis leaves out the sector which has created the oversupply problem even before the coronavirus came up, which is the US shale oil sector led by smaller scale upstream only oil companies. As a general rule, these companies are heavily indebted, and they need cashflow NOW to make payments. They won't let up on the gas pedal to keep their production as high as possible unless it produces a reduction in current cashflow. The moment that oil prices rise, or even show any signs of not falling very much, they increase production as much as they can afford to do so. This process won't end until they are bankrupt, or until some outside factor causes oil prices to rise so much that they are no longer heavily indebted. This process will probably take several years to play out with our without a demand recovery, and only then will other factors influence the price of oil.
  42. 9 points
    These aren't mutually exclusive. Highway traffic could be way up, but city traffic and local commuting can be way down. Given that statistics say 95% of all driving occurs within 25 miles from home that lowered home driving for whatever percentage of the population is unemployed, underemployed or telecommuting is certainly going to impact demand. Then we have Airlines, whose revenues are down 85% and have been cancelling every flight they possibly can get away with. That's a lot of missing consumption in the aggregate.
  43. 9 points
    I know the article is from the controversial RT. However, I would like to note that if this is true, it puts the results of the fight against the coronavirus in the US in a different light. At the same time, it is worth considering whether the American liberal elite has resorted to such manipulation to remove Trump from power. Personally, given how Trump has been attacked for many years, I can believe it. If this is true, this is also an example of how the Russian RT is actually able to influence the results of the American elections, because if it is true, in my opinion it is a bit shocking. Article https://www.rt.com/op-ed/499816-positive-covid-virus-contagious/ By Peter Andrews, Irish science journalist and writer based in London. He has a background in the life sciences, and graduated from the University of Glasgow with a degree in genetics It has been revealed that the standard tests being used in the US to diagnose Covid-19 cases are far too sensitive, with the vast majority of people marked down as being positive actually turning out to be negative. Top US virologists have been stunned by revelations about the laxity of the US Covid testing regimen. It turns out that tests that deliver a simple binary “positive or negative” result are not fit for purpose, as they tell us nothing about the contagiousness of each person. Data from three US states – New York, Nevada and Massachusetts – shows that when the amount of the virus found in a person is taken into account, up to 90 percent of people who have tested positive should actually have been negative, as they are carrying only tiny amounts of the virus, are not contagious, pose no risk to others, and have no need to isolate. This means that only a fraction of the daily “cases” being reported so hysterically in the mainstream media are actual, bona fide Covid-19 sufferers, and need treatment and to separate themselves from others. It’s a sensitive issue So how could this have happened? The answer has to do with the sensitivity of PCR (Polymerase chain reaction) tests for Covid, which it turns out can be ramped up according to the taste of the testing companies. Most testing companies have chosen the outrageously high sensitivity limit of 40 PCR cycles – meaning that the DNA in a sample is exponentially increased 40 times in order to amplify its signal. But using such a ridiculously sensitive test means that the faintest traces of a dead virus, or even leftovers from previous infections, can result in a positive. Professor Juliet Morrison, a University of California virologist, said that even a limit of 35 PCR cycles is too high, let alone 40. She said she was “shocked that people would think that 40 could represent a positive.” But apparently, pretty much everyone in the US Covid brain trust took exactly that on faith. So the scale of the pandemic ‘problem’ is actually much smaller than we’ve been led to believe – about a tenth of what all the politicians and media have been using to justify the lockdowns, the quarantines, the mass testing. Some may be shocked that the scale of the problem is so much smaller than assumed. But for a seasoned ignorer of any and all statistics that contain Covid ‘cases’, there are no surprises here. The truth is, there was never any reason to be confident in such figures. The FDA has only now been forced to concede that they have no idea how different testing companies determine which the positive and negative tests are: they just accept whatever data they are given. What these findings bring is absolute assurance that the testing to this point has been an utter waste of time, and that not one statistic concerning this pandemic – from cases to deaths to infection rates – can be believed. But it should not have taken some journalist to ask the right question to discover this: a bit of common sense would have been enough. What is it going to take for these professional virologists to drop their assumptions and models, and just start acting based on the facts at hand? Scrap test and trace It’s a virus so deadly, you need a test to tell whether you have it or not. So goes the refrain of many lockdown skeptics, Covidiots and anti-maskers, of whom I am an indignant supporter. Something has gone… not just wrong, but totally haywire... when the might of the world’s scientific establishment is trained with the zeal of a Witchfinder General on one particular microscopic particle. Not even a particularly dangerous particle; the latest data show it is the eighth most common cause of death in England, and it doesn’t make the top ten in Wales. Meanwhile, in Wuhan, the original source of this disease, the pool parties are in full swing. They don’t seem to be too worried about PCR tests or contact tracing, or even the virus itself. The Chinese government says that their supreme lockdown was so awesome that they now have zero Covid: a biological impossibility. Maybe they just stopped testing, and decided to get on with their lives. Everyone else should take a leaf out of their book.
  44. 9 points
    Dan is right again. Enthalpic is intentionally wrong again. President Donald Trump "I see the disinfectant knocks it out in a minute and is there a way we can do something like that, like, an injection inside, almost a cleaning? Sounds interesting to me. He was looking at and speaking to the experts to his right at the press conference when he asked that question. You're just an a$$hole. You posted it. You clearly listened to the President say "injection" but you had to lie about what he said. You're an embarrassment.
  45. 9 points
    All these fed "infrastructure" plans are jokes. None of them address making MORE efficient infrastructure. They all throw a $$$ sign at people and pretend this is "infrastructure. And no, electrical grid is doing just fine. Unless you bring a new tech to the party less susceptible to EMP, no engineer is interested other than these companies peddling this BS snake oil. There is nothing "smart" about smart grid other than used as a slogan for ignorant stupid shits. If the fed wanted to dredge all the rivers/canals, improve the lock system, build hydro storage dams, so seasonality is less and more even hydropower is generated, then there would be something of VALUE in said infrastructure plan. But there is not. If EVERY highway overpass was converted to a divergent Diamond instead of the moron overpasses we have today? THAT would be an improvement in infrastructure. Is that anywhere? No. IF they created a MORE long lasting road bed material and decided to repave all the major highways with it, THAT would be an improvement. Same goes for bridges so we do not have to TOUCH them for the next 1000 years, but that is not in the bills either. These "infrastructure" bills are all absurd pork barrel jokes. Just so some assholes' 3rd cousin can rent out orange barrels to the DOT for 2 years while 2 weeks of work is being done while allowing the POLICE to charge double for speeding tickets in "construction" zones.
  46. 9 points
    1. The city is not in the throws of a fast advancing deadly plague. 2. it is by right that people chose to risk their lives by exposure to possible infection. It is nobody else's business 3. This lockdown is a purely arbitrary and capricious action, justified by nothing at all now that we know that it is not particularly deadly and is easily avoided with simple PPE. If there ever was a justification for a lockdown, there is none now. 4 It is a left wing power grab with no shame, no reason and no purpose other than terrorizing the citizenry into subjugation to power. .
  47. 9 points
    The people of China don't seek anything peaceful, they don't really matter, they have no voice. Only the CCP leadership has a voice and the capacity to decide. It wants to control Taiwan and integrate it into China for geostrategic purposes and to gain control of chip and high end electronic technology that was grown there. Your historical diatribe is irrelevant. Just like your antisemetic historical diatribe about Zionism.Besides being full of half truths, the entire argument was false. The CCP never was, is not now, nor ever will be a legitimate government of China. It is the fart hanging over the country of China since it left the back end of the USSR. The "recognition" by the West was a large mistake. China should not have been able to deliver representatives to the security council. The sole and unique legitimizing factor of the CCP dictatorship of China is the fact that it was recognized by the Western democratic governments. Otherwise, it is just a foreign occupying force over China. Just as were the Mongols before them. And the other foreign despots who ruled over China from Beijing. There is no ethnic unification argument to be made for China. It has existed as both polyethnic single country, and multiplicity of countries of han Chinese and Cantonese and others. There is no historical unification argument. The natural state of China is a separate Beijing in the Northwest and several states along the coast. The Southern provinces are not Han Chinese at all. HK Guangdong Shenzhen are no more Chinese than the Uighurs. Being forced CCP propaganda and mandarin on them does not make them into part of the Northern primitive tribes that make up the CCP. Being told that you are Han Chinese does not make you one. As usual a specious argument for the CCP troll resident here. CCP is not legitimate. It is no more "Chinese" than the Mongols were. It is the leftover stench of the cold war still hanging over the country. China built a concrete and steel land by their people under the CCP's misguided plans on top of 40% of the arable land, assuring that one bad year in agriculture or any hiccup in global trade will cause famine. Instead of spending your time bloviating as the CCP's other mouth, go find yourself a CCP official and dump them out the window.
  48. 9 points
    The behaviour of the Sacramento Police Dept commanders, in ordering their men into the street in riot gear, is remarkable. You have to conclude that [Governor} Gavin Newsom is involved in that decision. I get the impression that he feels personally threatened by the "disobedience." I conclude that politicians, and Democrats in particular, rapidly develop internal feelings of being threatened the moment that outright refusal to "obey" their Orders is shown. the response behaviour is a purely psychological reaction; wht does he think, that some moms and kids walking around and waving some picket signs are a mortal danger? Why the Democrat politicians are more afraid of anyone who refuses to genuflect before them, than say Republicans, is an interesting and curious twist. Mass conformity seems to be more associated with the "Democrats" than other political factions.
  49. 9 points
    Yep. Currently, I disagree that Trump should bail out the U.S. fracking industry, and I disagree with his coziness with Israel and Saudi Arabia. I disagree with the current China Flu lockdown in the U.S.. I disagree that he should be listening to Fauci and Brix (utter @holes, both of them). I've stated repeatedly that back around 2016 (when I was a moderator on the now defunct Oilpro forum) that I wrote scathing articles and comments about Trump. My favorite term for Trump back then was a demagogue. One of my articles around 2016 was something along the lines of "What would happen to global oil & gas if Trump gets elected to President" and I framed that scenario as an unmitigated disaster. This was around the time that Trump said he would like to seize oil in Iraq, and I vigorously disagreed. Vociferously disagreed. I would happily link my old scathing comments and articles attacking Trump, but a competing website (Rigzone) legally forced the Oilpro forum offline and erased from the internet. All of my 8,000 comments and articles on that forum are gone forever. More on that here and here and here. But, then I started paying far less attention to the mainstream media and took a look for myself what Trump was saying and doing. And gradually changed my mind to a 180 degree turn. Trump is not the problem, the Mainstream Media is the problem, along with other very bad black hat actors. The big trigger for me was the Las Vegas shooting in 2017, and at that point I started paying far more attention to the anonymous forums and totally unfiltered 4chan forums that I used to frequent a decade ago. Anons can be great at digging up obscure facts and information. At that point, I pretty much thew all of MSM into the garbage. I distrusted MSM before, but at that point, my viewpoint shifted that MSM was an active disinformation enemy. My current daily news feed is over on 8kun (which replaced 8chan). In my view, 4chan is too compromised by clowns in the last couple years to be of much value. Generally, I don't link to 8kun here, as it is absolutely Not Safe For Work, and is totally uncensored and unmoderated. 8kun is one of the very last bastions of free speech on the internet. Gab is another great alternative for uncensored news, and it does a fairly good job of self-moderating. Also, I'm not a fan of U.S. fracking. I used to be, around 2015 and 2016 and I bought into the whole "energy independence" thing. But @Mike Shellman and Enno Peters eventually disabused me of the MSM spin, and they convinced me empirically that most fracking is a ponzi scheme. So, I've just given you 2 examples where I have totally changed my viewpoints 180 degrees, based on taking into account additional information. If I find out additional empirical information that Trump is actually a black hat player, I would most likely turn on him with scathing attacks. In the meantime, gently poking fun at the totally irrational and hysterical TDS players amuses me endlessly. It's so easy to wind up the TDS NPCs and watching the reaction, like using a laser pointer to get a cat to jump around wildly.
  50. 9 points
    What is being removed I suspect is just the few sites put in, and manned by US troops. The country has plenty of Patriot sites, a couple with I used to live under the umbrella of semi-protection. Blasting a Scud to bits is a great theater, but is just spreads the debris field larger. Now if Iranian technology with ballistic missiles has gotten seriously accurate, it will help. Glad for the move. I don't know who maintains the Patriots site they do have. Their air force is largely maintained by BAE, and is full of Brit, Aussie, and some Americans, as a workforce. Used to enjoy partying with them. Years ago I complained to someone about us selling F-16s. The old guy laughed, the thing about leading technology is it comes with a long umbilical cord. These places you are worried about, they become addicted to us to maintain it. More than a kernal of truth there.