Monday, October 23, 2017

Making America Great Again -- It Never Gets Old -- New Energy Record -- Crude Oil Production Highest In 44 Years -- T+275, October 23, 2017

The Red Queen has not fallen off her treadmill.

US petroleum product demand hits 10-year September peak -- API -- Oil & Gas Journal, data points:
  • US petroleum product demand averaged more than 20.2 million b/d in September, 2017
  • 2.4% more than a year earlier
  • gasoline deliveries fell 0.8% from a year earlier to an average 9.4 million b/d -- still, second-highest for the month on record
  • distillate fuel deliveries: averaged 4 million b/d; up 3.4% from a year earlier
  • crude oil production: robust; highest September in 47 years, since 1970; highest production level for any month in 29 months, since April, 2015
  • crude oil production: first nine months of 2017 -- averaged 9.1 million b/d; 2.9% more year-to-year and the second highest for the period in 44 years, since 1973
I do believe "Peak Oil" theory is pretty much in shambles.

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West Coast Mexican Terminals Might Ship US LNG

From Bloomberg, another big story:
Since the first shale gas export terminal opened in Louisiana last year, America’s drillers have seen at least 75 cargoes of their fuel sail through the Panama Canal bound for markets in Asia.
Now they’re looking for a cheaper and quicker route. And they’ve turned to Mexico for help.
Aldo Flores, Mexico’s deputy energy secretary, said Thursday that the government’s in talks with shale drillers in West Texas about a potential pipeline that would send their gas straight to Mexico’s west coast, where it could then be liquefied and shipped overseas.
Such a pipeline could eliminate the need for gas tankers to navigate the Panama Canal and hand the U.S. another outlet for the bounty of gas that President Donald Trump has vowed to “unleash” upon the world.
It comes as at least one would-be U.S. gas exporter, Sempra LNG & Midstream, voices concerns about delays at the canal that threaten to cost gas traders thousands of dollars a day.
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Conrad Hilton Quiz

Time to answer the quiz posted earlier:

1a. Who "discovered" Conrad Hilton's most famous granddaughter?  Most famous granddaughter, Paris Hilton, discovered by Donald Trump 1b. Before she was discovered, what did she want to be when she "grew up"? veterinarian (page 427)
2. Whom was Barron named after? Yes, that Barron. Conrad's second son, William Barron, (p. 414) Barron was his first wife's maiden name.
3. Who was Conrad Hilton's second wife? Zsa Zsa Gabor; his first wife, Mary Adelaide Barron, her fling with an athletic coach led to their divorce
4. The Melba was one of Conrad Hilton's very first hotels; in what city was it located? Ft Worth, TX
5. What hotel was the first hotel that Conrad Hilton built from the ground up? Dallas Hilton
6. Where did Conrad Hilton serve in WWI? Paris 6b. In what capacity? Quartermaster 6c. In what service and at what rank? US Army, 2nd Lt
7a. In what country was Conrad Hilton's dad born? Norway 7b. What was his Dad's middle name?  Halvorsen 7c. In what month was Conrad Hilton's father born? August 7d. In what state was Conrad Hilton born? (this is a trick question) Conrad was not born in any US state; he was born in San Antonio, Territory of New Mexico
8. Hilton Conrad's first child was a son, Conrad Nicholson, Jr. Whom did "Nicky" marry? his first wife was Elizabeth Taylor (yes, that Elizabeth Taylor; the marriage lasted from 1950 - 1951; second marriage to Patricia (Trish) McClintock
9. What major airline bought Hilton International in 1967? TWA
10. What was the first company registered with the New York Stock Exchange to operate gambling facilities (in Nevada). Hilton, 1970, purchased the Flamingo Hoel and the Las Vegas International, later named the Las Vegas Hilton

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