Wednesday, December 14, 2016

Ms Lonely -- December 14, 2016

Posted earlier. No reason to post it again, except I wanted to play "Mr Lonely."

The media "turn" on Obama / Clinton: anyone paying attention cannot possibly miss the huge 180-degree "turn" on Obama / Clinton. MSNBC "Morning Joe" sounds like a responsible Fox News morning talk show. If one needs additional proof, read this article in Vanity Fair, another huge fan of Hillary. Had Hillary won, Huma would have been elevated to an even higher level than the one she held before the election.

Later, 7:47 p.m. Central Time: picture of loneliness -- Huma. From The Week:
Huma Abedin has found herself at the center of a blame game over who lost Hillary Clinton the election, Vanity Fair reports. "[Abedin] was enjoying the red carpet and enjoying the photo spreads much too much in my opinion," one campaign insider reflected.
"She enjoyed being a celebrity too much."
Abedin has spent most of her life as one of Clinton's closest aides and was largely blamed after new Clinton emails were discovered on her estranged husband Anthony Weiner's computer, prompting a fateful letter to Congress from FBI Director James Comey in late October.
But Abedin is also being blamed by Clinton insiders for "reinforc[ing] all the bad habits" throughout the campaign. "Where in most presidential campaigns the circle grows broader and broader, [Clinton's] grew smaller and smaller," one insider source explained to Vanity Fair.

My Lonely, Bobby Vinton
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US Oil And Natural Gas Proved Reserves -- 2015

When I first started blogging about the Bakken in 2007 this was a subject I did not understand at all. I now understand it much better and, in some ways, it's now how I would measure "proved reserves." But it it what it is. 
U.S. oil and natural gas proved reserves decrease in 2015 due to lower prices.

U.S. crude oil proved reserves declined 4.7 billion barrels (11.8%) from their year-end 2014 level to 35.2 billion barrels at year-end 2015, according to U.S. Crude Oil and Natural Gas Proved Reserves, Year-end 2015, released today by the U.S. Energy Information Administration (EIA).

U.S. natural gas proved reserves decreased 64.5 trillion cubic feet (Tcf), a 16.6% decline, reducing the U.S. total to 324.3 Tcf at year-end 2015.

The significant reduction in the average price of both oil and natural gas between 2014 and 2015 resulted in more challenging economic and operating conditions, an important factor in determining proved reserves.

These price developments, reflected in a nearly 50% decline in average West Texas Intermediate crude oil spot prices (from $95 per barrel in 2014 to $50 per barrel in 2015) and a more than 40% decline in the natural gas spot price at the Louisiana Henry Hub (from $4.55 per million Btu in 2014 to $2.62 per million Btu in 2015) led to reduced drilling activity and downward revisions in proved reserves across a broad range of U.S. producers in 2015.

Changes in proved reserves between year-end 2014 and year-end 2015 are summarized in the following table

New Mexico had the largest net increase in proved reserves of crude oil and lease condensate of all states in 2015, mostly from development of the Wolfcamp shale and Bone Spring plays in southeastern New Mexico's portion of the Delaware Basin.

Crude oil and lease condensate extensions to existing fields were highest in Texas and North Dakota in 2015. However, as a result of downward revisions, both states experienced a net reduction in proved reserves.

In 2015, Ohio added more than 5 Tcf of natural gas proved reserves (in the Utica/Point Pleasant Shale play), and surpassed Arkansas and the Gulf of Mexico to become the ninth-largest natural gas reserves state.

Proved reserves are those volumes of oil and natural gas that geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions. U.S. Crude Oil and Natural Gas Proved Reserves, Year-end 2015 is available at: http://www.eia.gov/naturalgas/crudeoilreserves/.

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