There are three huge energy stories that could fuel the next decade.
Bakken oil:
- the Bakken is probably bigger than you think
- currently accounts for about 10% of US production
- the unconventional oil research laboratory sine qua non
Natural gas:
Coal industry
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With regard to the last link, the last story: enough is enough and the coal industry -- file under "What goes around, comes around.'
A long, long time ago I wrote about this very phenomenon: President Obama has a long history of talking about killing the coal industry. As an ideologue, he certainly believes this is the right outcome -- the demise of the coal industry. It happened more quickly than anyone could have predicted and, with a bit of irony, it happened on his watch. And thus, the "what goes around, comes around." If I run across my earlier posts on this subject, I will post the links.
However, I do believe the article underplays the importance of regulations and the administration's attitude toward coal. The article suggests it is more about market dynamics (excess natural gas undercutting use of coal); in fact, the Chinese are eager to buy American coal, but the administration turns a deaf ear. The administration is on record saying that the Chinese are in the forefront of "clean coal" technology. The administration is also on record with "all the above" as a stated policy for energy. Unless "all the above" includes oil, natural gas, or coal.
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A huge "thank you" to Don for sending the two links.
A Note to the Granddaughters
My laptop is about to run out energy; the battery is down to 17 percent. An iPad with 17 percent battery life left would last almost two hours. The MacBook Pro might last another twenty minutes. And no outlet where I am to charge the battery.
But I couldn't leave without this short note. Yesterday I didn't get the chance to read the weekend edition of the
Wall Street Journal (the older daughter had a swim meet a couple of hours distant in driving time -- only a few miles away for a Canadian goose, but the meet was in Salem, Massachusetts, on one of the last weekends before Halloween, perhaps the biggest tourist month of the year for Salem; think witches).
So, today, before the start of the second day of that same swim meet, I will read the
WSJ -- all the more so because Starbucks accidentally gave me a "grande" instead of a "tall" which represents about twice as much coffee, three times more than I need. But that's another story for another day.
Back to the
WSJ. I used to know some friends (okay, one) who subscribed to
Playboy Magazine for the stories. That's the way it is with me. No, not
Playboy Magazine, but the
WSJ. I subscribe to the
WSJ, not for the business news, but for the incredibly good writing, the weekend edition, and the fourth section each day (in that order).
This weekend's issue might be one of the best in a long time. Or maybe like meat loaf it just seems better because it's a day older and I've been looking forward to it twenty-four hours.
The long, long lead story is fantastic -- read this story if you want to know my reading habits: My 6,128 favorite books, by Joe Queenan. Fortunately he only lists about 100 books. Most of those were books he did not like, so he must have read more than 6,128. You know that any article that mentions
Middlemarch in the first few paragraphs is going to be a great piece of reading.
Paul Johnson's five favorite biographies:
Macaulay, Sir Arthur Bryant;
Ulysses S. Grant, Michael Korda;
Lincoln at Gettysburg, Garry Wills;
Rossetti: His Life and Works, Evelyn Waugh; and,
A Portrait of Charles Lamb, David Cecil. The authors are relatively unfamiliar to me; the lives they have chosen to write about I know very, very well, except for Charles Lamb.
And finally, before I run out of battery (now 13%):
How the French Invented Love, Marilyn Yalon. Four hundred pages of what appears to be an exceptionally interesting book. I don't know if this was planned by the
WSJ editors or if it just happened, but earlier in the section there is an essay on "the new face of infidelity" by Peggy Drexler. Her findings: infidelity is no longer an exclusive domain for men (it never was, but the statistics are starting to even out): 23 percent and 19 percent. You can google the article to see what the numbers refer to.
Something tells me the former number is way, way low [Update, November 9, 2012: how low? Well, when the paragon of virtue, US Army General Petraeus, admits to an extra-marital affair after 37 years of marriage, what can I say?]; the latter number is low, but hard to say by how much. It will be interesting to see what a similar essay reports 15 years from now. My hunch is that the definition of infidelity will have changed. See Marilyn Yalon's book review.
And with that, I leave, with only 11% of battery life left.