Thursday, June 8, 2017

Oklahoma Earthquakes Correlate With Waste Water Disposal -- June 8, 2017

Not fracking; waste water disposal. Huge difference. Related, but huge difference.

Once the state regulated waste water disposal more aggressively, things seemed to settle down.

Story over at OGJ.


Wow, I can't believe this! I had a post on "cobalt" in draft for several months. I finally deleted it last night because not much seemed to be happening. Then this, in today's WSJ: why investors are amassing cobalt.
Every few months, Robert Mitchell travels from his office near Portland, Ore., to a Connecticut warehouse and checks in on his biggest investment.

Mr. Mitchell’s fund owns millions of dollars worth of cobalt. He is so confident that its use in electric-car batteries will cause demand to surge that he has been buying and storing more than a thousand metric tons of the stuff—worth more than $56 million at current prices.

He feels he has little choice but to hold physical metal, since acquiring a cobalt position in financial markets is so hard.

“There’s a lot of money looking for a home in cobalt,” Mr. Mitchell said. “They really don’t have a great way to play it.”

Cobalt has long been a component in tires, magnets and smartphones. Now, it is the latest material, along with lithium and copper, to benefit from its use in the lithium ion-batteries that power electric vehicles.

Slightly more than half of all cobalt bought or sold last year went toward rechargeable batteries, up from 20% in 2006, according to Benchmark Mineral Intelligence.

Battery manufacturers’ soaring demand for the hard, silvery metal has propelled cobalt’s value to its highest level since 2008. Prices are up 70% this year through Wednesday to $56,500 a metric ton, making it the top-performing commodity traded on a major futures exchange.
No Cobalt For Sophia And Me -- Going Swimming

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