.

[Ron Wagner + 643]

8 hours ago, BLA said:

Methane emissions from fracking is a tiny fraction of overall methane emissions.  The #1 culprit is Agriculture with cow dung leading the way.  

Proper flaring can Eliminate 98% of methane.  The resulting increase in CO2 and NOX2 is nothing compared to the Methane damage that is 80X worse. 

The flaring should be minimized though and it never has been. It needs to be done. There are plenty of ways to use it onsite or ship it by truck as LNG. 

[Ron Wagner + 643]

8 hours ago, BLA said:

"War" with who ?

I think that the big war idea is a non starter. We may see small wars like China wanting to take Taiwan, but even that would be a stupid idea for China. Only the countries that are easy pickings need to worry IMHO. 

America's greatest threat is socialism and chaos created within. We have already seen how that can play out. There are billions of dollars that can be spent by wealthy globalists to put their choice of politicians, at all levels, in power. Plus they can create all the havoc they want until the people decide to stop them. Actually all nations must fear internal chaos. Even those who are totalitarian. 

 

[BLA + 1,666]

16 hours ago, Ron Wagner said:

The flaring should be minimized though and it never has been. It needs to be done. There are plenty of ways to use it onsite or ship it by truck as LNG. 

French government asks power company Engie.PA not to sign $7 Billion LNG supply contract with U.S. company.

THE REASON STATED IS THE U.S. METHANE LEAKS ON THE ENVIRONMENT

https://www.reuters.com/article/us-engie-lng-france-unitedstates/france-asks-engie-to-delay-u-s-lng-deal-over-environment-concerns-source-idUSKBN2771A4

 

" The intervention comes amid growing scrutiny over leaks of methane at oil and gas infrastructure, including at U.S. producers, and their impact on climate change. It has also emerged against the backdrop of broader trade disputes between Europe and the United States."

In my opinion "requests" like these will turn into major increase in legislation and regulations by countries, states/regions and cities around the world.  The demise of oil and maybe gas markets will happen much quicker than I and others projected.

It would be great if solar could replace natural gas powered power plants but that's not physically feasible.

Fusion nuclear could be the future with natural gas the bridge fuel.  While several companies working on Fusion say it will work.  But we have not seen a working prototype.  

Commonwealth Fusion out of MIT seems the leader at this time. Time will tell.

Edited October 22, 2020 by BLA

[BLA + 1,666]

The oil merger madness continues . . . . 

No merger or acquisitions is too large or too small .  

Even talk of Chevron buying Exxon.

A major is looking one of the largest Independent Shale companies ($20 Billion Plus).   

There is talk of Continental shopping around, however Harold has a lousy Debt/Equity ratio.  Don't see where they fit. 

https://www.fool.com/investing/2020/10/22/the-oil-stock-merger-wave-continues/ 

Cut costs or die

Merge or die

What's the end game ?  How many Oil and Gas companies will we be left with ?

[Ward Smith + 6,615]

11 hours ago, Ron Wagner said:

The flaring should be minimized though and it never has been. It needs to be done. There are plenty of ways to use it onsite or ship it by truck as LNG. 

It's a two-headed problem. It's not worth doing anything with methane because it's too cheap, and it's too cheap because there's so much. I'm in favor of producing electricity locally and putting it on the grid, unfortunately that costs money and wholesale electricity is cheap too. 

[Gerry Maddoux + 3,627]

54 minutes ago, BLA said:

In my opinion "requests" like these will turn into major increase in legislation and regulations by countries, states/regions and cities around the world.  The demise of oil and maybe gas markets will happen much quicker than I and others projected.

The pipeline companies will take that satellite data from Kayrros and repair the leaks. Kayrros (I'm pretty sure) is not so much a watchdog outfit for the protection of the world environment as a seller of information. Anyway, the technology for repair is available and surveillance like this is actually a good thing for the natural gas pipeline companies. I have six pipelines running side-by-side across one of my properties and I can tell you that leak surveillance is excellent. But the satellite images show leaks that were previously undetectable (mostly, though there are giant leaks that have not been repaired for months, mostly in the "Stans").

[Enthalpic + 1,496]

16 hours ago, 0R0 said:

That is not really true. What vegetation cows eat will simply be eaten by something else. Those same bacteria in cow stomachs are going to eat the vegetation chewed up by whatever takes cow's place on a no longer cultivated field that used to feed cows. Within a few years you will equalize the methane emissions with wildlife instead of cows. And the deer bison etc. will be hunted and eaten instead of the steers.

The only exception is forests growing in former feed crop lands. That is rather rare. Forests take in CO2 for decades before conversion to methane. The native grasses that replace animal feed crops get eaten every year. Whether by deer goat or bison, the same bugs in their stomachs will produce the same methane from the same lands' biomass. Saw the passion of the CEO of impossible foods corp. on an interview can't believe he thinks the methane the cows and steers produce would not be replaced by other animals that produce the exact same amount of methane. It is in the nature of all biomass to find itself digested to form CO2 and methane.

Without management by a farmer those fields would drop in productivity very quickly. 

We have a small ranch on the family.  Small in that it is purposely down to 50 breeding cows but the animal feed operation is going strong.  We got a 1000 extra bales on top of what is needed to winter the 50 cows and a bull.  A single person with a large cattle operation paid $60,000 for the extra hay so needless to say nobody is going to let deer eat that! 

At the very least some other crop that is not used for animal feed would be harvested.

 

 

 

 

[Richard Snyder + 70]

1 hour ago, Enthalpic said:

Without management by a farmer those fields would drop in productivity very quickly. 

We have a small ranch on the family.  Small in that it is purposely down to 50 breeding cows but the animal feed operation is going strong.  We got a 1000 extra bales on top of what is needed to winter the 50 cows and a bull.  A single person with a large cattle operation paid $60,000 for the extra hay so needless to say nobody is going to let deer eat that! 

At the very least some other crop that is not used for animal feed would be harvested.

 

 

 

 

One of my neighbors is a hay farmer.  I'll let him know, he can make huge bucks in your market.  He will be impressed, I'm certain.

[John Foote + 1,135]

On 10/21/2020 at 6:31 PM, Gerry Maddoux said:

Alas, I'm afraid so. 

In my opinion, the administration doesn't really understand that we don't/won't need Saudi oil. And that's a shame. 

It's not the oil we want at this point. It's their money. They might be running a deficit, but still reserves left for a time.

[epchkm + 6]

Under Obama oil industry (which I am in) was healthy enjoying nice profits while the price of gasoline was high but still reasonable enough to propel the economy which was sound.  Now comes Trump, ever since he came, the oil industry has been in doldrums and more pain to follow.  

Most of you dont get this... less oil... higher prices for the commodity, good for the industry.

All these doomsday scenarios will never happen, if NG shoots up, existing drilling (excluding those which Biden will likely ban) will be enough to meet the demand the reduce the prices.  Same thing with crude oil and gasoline.  Long term future for this industry is cloudy.  But I dont care, I will be retired by then, may be some other alternate fuels will take over.  

[ceo_energemsier + 1,818]

Have you been living under the Ebola Rock?

[Ward Smith + 6,615]

On 10/22/2020 at 2:39 PM, Richard Snyder said:

One of my neighbors is a hay farmer.  I'll let him know, he can make huge bucks in your market.  He will be impressed, I'm certain.

The only "market" @Enthalpic knows about is in his opium pipe. For Real hay prices see the link. $60/bale versus $6/bale? Right. 

[Wombat + 1,028]

On 10/22/2020 at 4:59 AM, Gerry Maddoux said:

Well, if fracking is banned, NG will skyrocket to $5 and oil to $100. 

The economy--already on life support--will crash and burn. 

There would only be one way out of that debacle: war. 

It's going to be an interesting experiment to run.

And any reduction in methane emissions at the wellhead--no matter the slowdown in drilling and completion--is warranted. 

Yes Gerry, I just pointed out to another blogger that voted for Biden that there will be WW3 if he wins, and not to count on any of your allies because none will feel that they can count on Biden. Not only can't we trust him militarily, but a Biden win would make us all lose confidence in the US economy and thus the USD. Once the dollar crashes, it will be every country for themselves.

[BLA + 1,666]

Weekend at Bidens

" All we have to do is get him elected then we can do anything we want "

 

 

[Enthalpic + 1,496]

15 hours ago, Ward Smith said:

The only "market" @Enthalpic knows about is in his opium pipe. For Real hay prices see the link. $60/bale versus $6/bale? Right. 

If you can buy a large round bale for $6 I recommend you do it... he has got as high as $90/bale in years when hay is scarce.  Ward is, of course, off by an order of magnitude as usual.

Edited October 24, 2020 by Enthalpic

[Dan Warnick + 6,100]

6 hours ago, BLA said:

Weekend at Bidens

" All we have to do is get him elected then we can do anything we want "

 

 

That is comedy gold!  LOL!  That is, until you realize it's largely accurate.

[Richard Snyder + 70]

15 hours ago, Enthalpic said:

If you can buy a large round bale for $6 I recommend you do it... he has got as high as $90/bale in years when hay is scarce.  Ward is, of course, off by an order of magnitude as usual.

OK.  I call 'bull crap liar'!!

One (1) cow consumes 6-9 large round bales of hay PER Winter.  You "Claim" a fifty (50) cow herd.  Simple math equates to the maximum round bale usage of four hundred and fifty (450) bales maximum needed for the winter (6) months.  You claimed a purchase of one thousand (1,000) bales, to try and impress all the online strangers you will never meet.  Once again you look like you just fell off the canola truck.  Bull crap Liar!!

[Enthalpic + 1,496]

2 hours ago, Richard Snyder said:

OK.  I call 'bull crap liar'!!

One (1) cow consumes 6-9 large round bales of hay PER Winter.  You "Claim" a fifty (50) cow herd.  Simple math equates to the maximum round bale usage of four hundred and fifty (450) bales maximum needed for the winter (6) months.  You claimed a purchase of one thousand (1,000) bales, to try and impress all the online strangers you will never meet.  Once again you look like you just fell off the canola truck.  Bull crap Liar!!

Read my post again.  He sold a 1000 extra bales in excess of what is needed to winter the 50 cows.

"We got a 1000 extra bales on top of what is needed to winter the 50 cows and a bull.  A single person with a large cattle operation paid $60,000 for the extra hay"

Edited October 25, 2020 by Enthalpic

[Wombat + 1,028]

On 10/23/2020 at 2:10 AM, Ward Smith said:

It's a two-headed problem. It's not worth doing anything with methane because it's too cheap, and it's too cheap because there's so much. I'm in favor of producing electricity locally and putting it on the grid, unfortunately that costs money and wholesale electricity is cheap too. 

Here is the Economist's take on the matter:

https://www.economist.com/united-states/2020/10/24/what-donald-trump-did-for-hydrocarbons?fsrc=scn/tw/te/bl/ed/pumpedupwhatdonaldtrumpdidforhydrocarbonsunitedstates

I can't read the whole article coz I have reached my "free-article-limit", but whether it be oil or NG, it is the Covid shock that has really crushed demand. Sure, there was already a bit of over-supply, but Covid killed the O & G industry. The reduction in air travel alone makes the whole house of cards unstable, but a 10% reduction in gasoline use in USA and elsewhere really hurts. Now that EV's are on the march, we are talking "perfect storm" but I can't think of a single oil-producing nation that is planning on cutting production in line with global demand. Sure, many IOC's have shifted their focus from liquids to LNG, but as the tide goes out, it will be interesting to see which countries have been swimming naked? My guess is that the Saudi's and Russians will crack first, they cannot afford an indefinite price war and my understanding is that they will run out of foreign reserves in 12-18 months time if prices do not recover.  OPEC+ is still saying that they will increase production on Jan 1st, but that could see prices go back to the teens again. If they were smart, they would be cutting production instead of raising it. They need to fly the white flag for their own good and prioritise price over market share. 

[Dan Clemmensen + 1,011]

On 10/21/2020 at 12:50 PM, BLA said:

Methane emissions from fracking is a tiny fraction of overall methane emissions.  The #1 culprit is Agriculture with cow dung leading the way. 

This is a common misconception. It's not cow dung or cow farts. It's cow burps. I'm not making this up! Cows and other ruminants have multiple stomachs, and move their fodder around, including chewing their cud. Most of the methane is released during this process. Research on feed supplements to reduce cow burps would reduce the methane and increase the efficiency of the feed. The "correct" greenie approach to the problem is to eat less beef and drink less milk. Good luck with that.

[Ward Smith + 6,615]

39 minutes ago, Dan Clemmensen said:

This is a common misconception. It's not cow dung or cow farts. It's cow burps. I'm not making this up! Cows and other ruminants have multiple stomachs, and move their fodder around, including chewing their cud. Most of the methane is released during this process. Research on feed supplements to reduce cow burps would reduce the methane and increase the efficiency of the feed. The "correct" greenie approach to the problem is to eat less beef and drink less milk. Good luck with that.

Cattle are no different than us. We're surviving on the excrement that the biota in our digestive tracts are excreting and so are cattle. They're massive animals subsisting on low energy content grass and it's the thermophilic bacteria in their (multiple) guts who are breaking all that cellulose down into useful amino acids and carbohydrates the cow survives on. Those bacteria are producing the methane, the cow just gets rid of that like you would, with a belch. Interesting fact, researchers looking for ideal thermophilic bacteria for sewage treatment plants harvest them from really fresh cow flops. The Goldilocks zone for that bacteria happens to match the internal body temp of cattle. Sewage treatment plants in this country, if they captured the methane from those bugs would produce quadrillions of BTU'S of energy equivalent methane, but unlike the oil industry, they're not penalized for venting it directly to the atmosphere. 

[Enthalpic + 1,496]

3 hours ago, Ward Smith said:

We're surviving on the excrement that the biota in our digestive tracts are excreting and so are cattle.

Wrong again. 

The small intestine with where the vast majority of food absorption occurs.  The colon only handles fibre for the most part.

We are not cows, we can not break down cellulose, we have one stomach not four.

Edited October 25, 2020 by Enthalpic