Annual reports of 68 publicly traded oil companies indicated that their aggregate proved liquids reserves declined in 2016 for the second consecutive year.
The decline in proved reserves was heavily concentrated in a few companies that reduced their estimated reserves from Canadian oil sands projects.
Downward revisions of existing resources, relatively low extensions and discoveries, and relatively high production also contributed to a decline in proved reserves.
Collectively, their global crude oil and other liquids production averaged 24 million barrels per day during 2016, or about 25% of the global total. --- EIA
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See disclaimer this page and elsewhere on the blog.
TSLA: if the tech index continues to fall or remains sluggish, it could not come at a worse time for Tesla. Everything I've read suggests the company will need a huge amount of cash to "ramp up" -- which the company said they planned to do in July, 2017, although as recently as two weeks ago, I've heard analysts suggest the "ramp up" is moving to the right, as "July/August, 2017."
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Disclaimer: this is not an investment site. Do not make any investment, financial, travel, job, or relationship decisions based on anything you read here or think you may have read here.
Market: looks like another buying opportunity on the market today. We don't often get these opportunities. Again, remember, this is not an investment site. Do not make any investment, financial, travel, job, or relationship decisions based on anything you read here or think you may have read here.
Stepping down: for the archives, GE's Immelt is stepping down.
Incredible timing: US approves GE-BHI merger; EC approved the merger earlier. Done deal. Stand-alone GE-BHI company wholly owned by GE. Will still have ticker symbol BHI. Folks talk about GE spinning off companies now that GE has a new CEO whose specialty at GE was "deal-making."
Kennedys: they can still see snow! It's snowing in Hell Hole (Donner Summit), CA today. For the archives. The "Global Warming - 2016 - 2017" tag will advance to the "new year" on July 1, 2017.
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Note To The Granddaughters
Lots of moving parts, again, within the DFW families. Arianna begins an interesting camp this week, starting with a day at "golf camp" toay. I will be driving Olivia to Olympic Development Program -- Soccer (Plano) and staying in the area during the morning training. Grammy has just departed DFW for two weeks in Los Angeles. Sophia's schedule stays the same: Tutor Time every day and will be picked up by me every day at 4:00 p.m.
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