Much to see at the update, but take a particular good look at the well that started it all, the BR Mary Ann well at this post. Note that this well, drilled back in 2008, was a Three Forks 1st bench well. This would have been one of the first Three Forks wells drilled in the Bakken. Be sure to scroll through the production profile. There is no evidence this well has been re-fracked.
Note: there was a lot of data to go through, and I was working under less-than-ideal conditions, so there may be typographical and factual errors. If this information is important to you, go to the original source.
Also, deep into the weeds, note the number "41' in the legal name of this well:
- 28347, 1,656, BR, Lillibridge 41-27MBH, Johnson Corner, 4 sections, t3/15; cum 287K 5/18;
I find often people wildly simplify capitalism vs. socialism. Countries like Sweden and Denmark outrank America in free market rankings. They're better capitalists than us. They simply spend more of their tax dollars on social goods like medical care than pump it into defense spending. They also have roughly 10% higher taxes in some cases. To paint nations as capitalist or socialist is too low resolution of categorization to have a useful conversation.
ReplyDeleteThe US has massive socialist programs. Notably Medicare, Medicaid, and Social Security. Then the basics such as roads, public schools, policing, judicial system, fire departments, postal etc. The trick is the degree to which these sort of things are implemented. Venezuela over the past decade is obviously a disaster. They nationalized entire key industries nearly over night.
You'd be hard pressed to find an economist that argues for more protectionist markets or doesn't accept that capitalism is a wonderfully successful way of running markets. The argument, and one I have less and less of a confident stance on, is to what degree you have systems in place for basic needs and some sort of feedback loop to keep wild inequality in check. On those points smart people should be open minded.
You are correct on all counts. I agree 100%.
Delete1. Eliminate the US Depart of Defense and the US would compare nicely with Sweden.
2. I sent a note to Mark Perry, over at "Carpe Diem," that I agree with him also. The US, Canada, Mexico, Canada, and China need to eliminate ALL tariffs ... except the 275% Canadian tariff on US dairy products. I see no need for any tariffs whatsoever anywhere in the 21st century.
Trump gets it. Although he would probably disagree with the 275% Canadian tariff on US dairy products.
I see no reason not to agree with eliminating all tariffs. Here's some context to the 275% dairy tariff: https://www.brookings.edu/blog/up-front/2018/06/13/a-trumped-up-charge-against-canadian-dairy-tariffs/
ReplyDeleteThe world is tough to figure out. Even if we narrowed the trade conversation to dairy between the US and Canada, I'm sure the details would take a long time to become familiar with. It's easy to latch on to one extreme example and create a narrative that this is the norm or representative of the general trade situation between our two nations. It's admittedly very difficult to get a grasp on.
Whether this tariff skirmish works or doesn't work, in the meantime these Texas pipeline projects are taking a big hit with construction material cost going up. Oilprice.com had an article about it on their front page late last week. The markets certainly aren't taking an all out trade war seriously yet.
Thank you. The point is: there is no need for any tariffs at all any more. Period. Dot. And that's what Trump wants.
DeleteThe dairy tariff I use is for dramatic effect only. But it shows how incredibly bad the situation can get if it gets out of hand, and there is no push back. When Trudeau argues that tariffs are necessary, a lot of wind it taken out of that said when we are reminded that he has a 275% tariff on US dairy.
I accidentally entered that response under my ancient "Ivan" handle. I'm not a big fan of hiding behind avatars, I was well past doo updating my blogger profile.
ReplyDeleteIf you want any of those comments deleted due to the avatar, anonymity issue, please let me know. I will delete them at your request. As for me, I don't pay (much) attention to "source" of comments. "In one eye, out the other." After posting, I've pretty much forgotten the particulars and have moved on.
Delete