... a 48-hour stoppage over a dispute about whose job it should be to open and close the train doors.Why aren't the doors opened and closed automatically? Oh, that's right. The UK lives in the 1950's and is working half-time to catch up.
I can't make this stuff up. Must be fake news.
By the way, I've been told by an employee here in the US new to the union experience who tells me union workers get into verbal altercations about whose job it is to move a package from one location to another location, sometimes in the same room, sometimes ten feet distance. He says his first day on the job he would have just picked up the package or just shuffle it ten feet with his feet, but was told, absolutely not allowed. He was amazed by the inefficiencies due to union rules.
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Why Not Tim Or Bill?
Trump names Musk Elon and the CEO/Uber to his advisory team.
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The COP Page
The COP Page
Update On COP's asset sales. Over at SeekingAlpha:
- ConocoPhillips says it has completed its planned 2016 asset dispositions, generating $1.3B in proceeds during the year and surpassing its $1B target; 2016 production associated with the asset sales totals 27K boepd
- COP reaffirms 2016 production guidance at 1.56M-1.57M boe/day, and sees 2017 production to range from flat to 2% Y/Y growth when adjusted for the full-year impact of 2016 dispositions
- COP also says it initiated a $3B authorized share repurchase program and began repurchasing shares under the program in mid-November
- an overview of ConocoPhillips' unconventional assets now that WTI is back above $50 a barrel
- the super-independent is adding rigs to three of its core unconventional assets, the Bakken/TF, the Eagle Ford/Austin Chalk, and for the first time in a while the Permian Basin
- optimization efforts enabled ConocoPhillips to further increase its Eagle Ford resource potential, and that's before factoring in its Austin Chalk upside
Look at the downspacing in the Eagle Ford compared to the Bakken:
ConocoPhillips has two primary unconventional operations. The first targets heavily oil-weighted resources by tapping into the Middle Bakken and the first and second Three-Forks benches up in North Dakota. Its second focus is the Eagle Ford in Texas, where the firm has been targeting the Upper (still in the early innings of development) and Lower (which has by far seen the most activity) Eagle Ford intervals, with activity planned for the Austin Chalk as well.
By this point it seems that the optimal spacing pattern for the Eagle Ford horizon is three in the Lower Eagle Ford and two in the Upper Eagle Ford intervals per unit, (the Upper EF interval isn't economical productive everywhere the Lower EF is).
Downspacing, shortening the distance between well laterals, seems to be near its limit in the Eagle Ford.
That means in order to add resources to its portfolio Conoco has to either boost well productivity, particularly on a per foot basis, or find other horizons to develop. This is where the Austin Chalk comes into play.
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Related
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The Amazon Page
Thirteen-minute fulfillment -- from order input to delivery. Link here.
It's already been three years since Amazon first revealed its somewhat audacious plan to make deliveries by drone. But the company is quite serious about this, and today it is announcing that it complete the first Amazon Prime Air drone-powered delivery.
The company recently launched a trial in Cambridge, England -- and on December 7th, Amazon completed its first drone-powered delivery. It took 13 minutes from order to delivery, with the drone departing a custom-built fulfillment center nearby.
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The Political Page
President Obama is going to get close to 100% of the blame for Aleppo, including comments from me.
My hunch is that history will prove President Obama made the correct "non-decision."
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