tag:blogger.com,1999:blog-1149283829854298377.post8589855147254877041..comments2024-03-28T11:02:33.884-05:00Comments on The Million Dollar Way (The Bakken Oil Blog): Big Drop In WTI -- Now Below $58; RBN Energy Looks At The New Washington State Law Aimed At The Bakken -- May 29, 2019Bruce Oksolhttp://www.blogger.com/profile/10952652803684625738noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-1149283829854298377.post-36971368583415458022019-05-29T12:09:22.263-05:002019-05-29T12:09:22.263-05:00That would be true in most endeavors, I would assu...That would be true in most endeavors, I would assume. For example, in Texas, some retailers joke that HEB plans to put up a grocery store on every corner and very, very few of those plans ever come to fruition. Bruce Oksolhttps://www.blogger.com/profile/10952652803684625738noreply@blogger.comtag:blogger.com,1999:blog-1149283829854298377.post-86956547560355442772019-05-29T12:04:35.000-05:002019-05-29T12:04:35.000-05:00US LNG has been amazing. I just meant that there&...US LNG has been amazing. I just meant that there's more projects nosing around than come through. The ones that do come through are plenty awesome. <br /><br />Just it's important to be a little skeptical/sophisticated about individual project hype. Some of these places puff themselves up with news releases when they really haven't turned the corner yet. There are various stages of these projects (2 or 3 important permitting hurdles, contract approval hurdle, FID, construction, commissioning, online. Of these FID is the key hurdle. Before that project can die. After it, project likely finishes. <br /><br />Not every contractor with a pickup truck, a dog and a PPT slide show is going to really get a multibillion dollar project over the line. Lots of these guys will never get financing or customers. Many of the second wave projects have been in limbo for last few years. Finally a couple are moving forward. But they're either existing players or big badasses like XOM/Qatar.<br /><br />If you look at the total projects, it would be like 35 BCF/d. But we're unlikely to see all those projects get done. For one thing it would crash the market. Even though there is plenty of gas here, there's limits on the overseas demand. And you do have to cover shipping and liquifaction costs, not just gas purchase cost.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1149283829854298377.post-19876296005863442302019-05-29T11:57:00.929-05:002019-05-29T11:57:00.929-05:00One of the things "common" folks do not ...One of the things "common" folks do not understand is that "2045" is now. "Common" folks think that the "carbon-free by '45" law will never affect them is not accurate. Now, starting this year, as soon as the bill was passed, any project must meet to carbon-free criteria. For all intents and purposes, "carbon-free" laws are anti-growth laws. A lot of Washington folks who support the governor won't know what hit them until it's too late. Bruce Oksolhttps://www.blogger.com/profile/10952652803684625738noreply@blogger.comtag:blogger.com,1999:blog-1149283829854298377.post-51456689590870346522019-05-29T11:36:26.914-05:002019-05-29T11:36:26.914-05:00Our (WA) pinhead governor basically controls the s...Our (WA) pinhead governor basically controls the state thru three or four counties on the westside of the Cascade mountains. He just signed a bill mandating that all of its electricity comes from carbon-free sources by 2045.In addition to requiring 100 percent clean energy, Washington’s law mandates a coal phaseout by 2025. The 2045 statute will require no NG gas produced electricity too. All the windfarms and solar farms will be placed on the eastside of the mountains, out of the democrat controlled population centers and into historical republican counties. I hope ND sues and they win. Larnehttps://www.blogger.com/profile/05505148618587320500noreply@blogger.comtag:blogger.com,1999:blog-1149283829854298377.post-6878261849578055052019-05-29T09:31:33.256-05:002019-05-29T09:31:33.256-05:00I think the air bases in Minot and Grand Forks wou...I think the air bases in Minot and Grand Forks would also be affected.Bruce Oksolhttps://www.blogger.com/profile/10952652803684625738noreply@blogger.comtag:blogger.com,1999:blog-1149283829854298377.post-76099404060448988642019-05-29T09:24:01.222-05:002019-05-29T09:24:01.222-05:00the state of North Dakota should ban Boeing jets f...the state of North Dakota should ban Boeing jets from landing or flying over the state Anonymousnoreply@blogger.com