Oil: It's quite amazing to see how fast oil is falling. WTI is down another 2% this morning, off another $1.05; now trading below $55.
XOM: to sell its UK, Germany oil and gas operations.
Peak oil? What peak oil? Brazil breaks annual production record -- produced more than one billion bbls last year; daily average: 3.1 million bbls, up almost 8% year-on-year.
Politics: apparently today, the third day of three days of opening statements, the US House impeachment managers will argue President Trump sought to stop impeachment efforts in the US House. Say what?
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The Paleontology Page
The Neogene period, from 20 mya to 3 mya (numbers rounded). From wiki:
During this period, mammals and birds continued to evolve into modern forms, while other groups of life remained relatively unchanged.
Early hominids, the ancestors of humans, appeared in Africa near the end of the period.
Some continental movement took place, the most significant event being the connection of North and South America at the Isthmus of Panama, late in the Pliocene.
This cut off the warm ocean currents from the Pacific to the Atlantic Ocean, leaving only the Gulf Stream to transfer heat to the Arctic Ocean. The global climate cooled considerably over the course of the Neogene, culminating in a series of continental glaciations in the Quaternary Period that follows.
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Flashback
From July 23, 2016:
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