Showing posts with label GeicoRockAward_2019. Show all posts
Showing posts with label GeicoRockAward_2019. Show all posts

Monday, December 30, 2019

Two Final Nominees For The 2019 Geico Rock Award -- December 30, 2019

Active rigs:

$62.0712/30/201912/30/201812/30/201712/30/201612/30/2015
Active Rigs5666493961

Wells coming off the confidential list: see long list below.

RBN Energy: MPLX's BANGL, fracs and exports plan. Archived.
Over the past two years, MPLX has been ramping up its midstream development activity in the Lone Star State, or more specifically in the “Permian-to-Gulf” market, where it’s been building or buying into gathering systems, gas processing plants, and crude and natural gas takeaway pipelines, among other things.
Marathon Petroleum Corp.’s midstream-focused master limited partnership also has been in hot pursuit of a number of possible NGL-related projects, including MPLX’s proposed Belvieu Alternative NGL (BANGL) Pipeline and three big fractionation plants in the Sweeny, TX, area, and a planned LPG export terminal in Texas City, TX.
As a group, these projects would require millions of barrels of underground salt-cavern storage capacity for y-grade and NGL purity products along the Texas coast, as well as multiple pipeline connections to move the stuff to where it needs to be.
Today, we continue our series on Gulf Coast NGL storage with a look at the NGL side of the MLP’s Permian-to-Gulf strategy.
RBN Energy: Plains All American's Cactus II ramps up Corpus deliveries.
t’s safe to say that Permian producers had a good Christmas. Sure, their stock prices may be off a bit and their rig counts are down. But the absolute prices they are paid for their crude oil are up by almost $20/bbl versus this time in December 2018, and the price spreads between the Permian and neighboring markets have significantly narrowed as a result. What’s driving this change? There are a variety of factors at play, but chief among them is the new pipeline infrastructure that has helped lift Permian producers’ oil price realizations. Today, we check in on the status of one of the major new pipelines that have contributed to the seismic shift in the Permian oil market this year.
Shale bust redux.
For those who subscribe to The WSJ, you probably saw the "as shale wells age, gap between forecasts and performance grows" by Rebecca Elliott and Christopher M. Matthews. If the story sounds familiar, it's because it is. This this has been previously posted. From the same writers, almost exactly one year ago, January 2, 2019, also in The WSJ, "fracking's secret problem -- oil wells aren't producing as much as forecast." And then again, September 29, 2019, by the same two writers, RE and CMM, "shale boom is slowing just when the world needs oil most."  Really? Two final nominees for the Geico Rock Award for 2019. 
Geico Rock Award: The nominees for the 2019 Geico Rock Award are tracked here.

Reply: in Forbes, September 6, 2019, Dan Eberhart had a nice reply, "no, shale's not dying, it's just maturing."

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Busy, Busy Day Today?

Unless I'm missing something, the NDIC has not posted IPs for wells coming off the confidential list two Saturdays ago (since Saturday, December 21, 2019). I just checked and going back to December 21, 2019, these wells are still listed as yet to come off the confidential list. It could be a very, very busy day. And I had planned to go to the movies with my wife today. Wow.

Monday, December 30, 2019: 98 for the month; 303 for the quarter:
  • 36370, conf, Newfield, Hoffman 150-98-18-19-10H, 
  • 36134, conf, XTO, Arlys 34X-31H, 
  • 35239, conf, Lime Rock Resources, Anderson 13-24-4TFH
  • 22300, SI/NC, Bruin, FB Belford 148-95-22D-15-2T, Eagle Nest, no production data,
Sunday, December 29, 2019: 94 for the month; 299 for the quarter:
  • 36369, conf, Newfield, Hoffman 150-98-18-19-5H, 
  • 22301, SI/NC, Bruin, FB Belford 148-95-22D-15-3B, Eagle Nest, no production data,
Saturday, December 28, 2019: 92 for the month; 297 for the quarter:
  • 36368, SI/NC, Newfield, Hoffman 150-98-18-19-5H, Siverston, no production data, 
  • 36133, SI/NC, XTO, Arlys Federal 34X-31C, Siverston, no production data,
  • 34835, 2,105, Enerplus, Eos 149-93-33D-28H-TF, Mandaree, t6/19; cum 95K 10/19;
  • 34776, 357, Enerplus, Thai 148-94-11C-2H-TF, McGregory Buttes, t6/19; cum 28K 10/19;
  • 30891, 776, Oasis, Stenberg 5199 11-97B, Poe, t7/19; cum 139K 101/9;
Friday, December 27, 2019: 87 for the month; 292 for the quarter:
  • 36367, SI/NC, Newfield, Hoffmann 150-98-17-20-5HLW, Siverston, no production data,
  • 35878, 1,344, Whiting, Domaskin 21-20HU, Sanish, t7/19; cum 65K 10/19;
  • 35875, 709, Whiting, Domaskin 34-17TFHU, Sanish, t7/19; cum 27K 10/19;
  • 35744, 411, Whiting, Ogden 41-9TFHU, Sanish, t7/19; cum 59K 10/19;
  • 35699, SI/NC, Slawson, Mole 6-20TFH, Big Bend, no production data,
  • 34773, 573, Enerplus, Hidalgo 148-94-11C-2H-TF,  McGregory Buttes, t6/19; cum 63K 10/19;
Thursday, December 26, 2019: 81 for the month; 286 for the quarter:
  • 36366, SI/NC, Newfield, Hoffman 15-98-17-20-6H, Siverston, no production data,
  • 34836, 576, Enerplus, Nyx 149-93-33D-28H-TF, Mandaree, t6/19; cum 114K 10/19;
  • 30179, SI/NC, Slawson, Challenger Federal 7-29-32TFH, Big Bend, no production data,
Wednesday, December 25 2019: 78 for the month; 283 for the quarter:
  • 35782, 1,739, Hess, EN-Farhart-156-93-0409H-4, Baskin, t6/19; cum 86K 10/19;
  • 35698, SI/NC, Slawson, Mole 7-20TFH, Big Bend, no production data,
Tuesday, December 24, 2019: 76 for the month; 281 for the quarter:
  • 35903, SI/NC, Slawson, Orca Federal 1 SLH, Big Bend, no production data,
  • 35570, 451, Whiting, Anderson 11-7-2TFH, Sanish, t7/19; cum 35K 10/19;
  • 35569, 1,276, Whiting, Anderson 11-2H, Sanish, t6/19; cum 70K 101/9;
  • 35120, 593, Oasis, Nordeng 5298 13-25 9T, Banks, t7/19; cum 99K 10/19;
  • 34837, 655, Enerplus, Homer 149-93-33D-28H-TF, Mandaree, t6/19; cum 87K 10/19;
  • 34774, 1,738, Enerplus, Ancho 148-94-11C-2H, McGregory Buttes, t6/19; cum 138K 10/19;
Monday, December 23, 2019: 70 for the month; 275 for the quarter:
  • 36524, SI/NC, Slawson, Challenger Federal 9-29-32H, Big Bend, no production data,
  • 36173, drl, XTO, Lavern 42X-14H, Capa,
  • 35902, SI/NC, Slawson, Tempest Federal 1 SLH, Big Bend, no production data,
Sunday, December 22, 2019: 67 for the month; 272 for the quarter:
  • 36172, drl, XTO, Lavern 42X-14CXD, Capa,
  • 34838, 1,123, Enerplus, Hera 149-93-33D-28H, Mandaree, t6/19; cum 135K 10/19;
  • 30178, SI/NC, Slawson, Diamondback 1 SLH, Big Bend, no production data,
Saturday, December 21, 2019: 64 for the month; 269 for the quarter:
  • 36171, drl, XTO, Lavern 42X-14BXC, Capa,
  • 35901, SI/NC, Slawson, Slasher Federal 722-27 MLH, Big Bend, no production data,
  • 34746, 607, Oasis, Nordeng 5298 13-25 8B, Banks, t7/19; cum 126K 10/19;

Tuesday, November 12, 2019

Nominee For 2019 Geico Rock Award: IEA -- November 12, 2019

Nominee for Geico Rock Award, 2019, IEA, for noting that US shale will "squeeze" OPEC influence.

From twitter today:


List of current nominees for the 2019 Geico Rock Award are at this post.

Monday, October 21, 2019

Notes From All Over, Part 2 -- October 21, 2019

The market: wow, what happened. The Dow closed essentially flat today, up 0.21% which is about as flat as one gets before going negative, but yet look at this:
  • cherry picking:
    • HES: up 1.5%
    • CVX: up 1.67%
    • EOG: up 5.02% -- wow!
    • UNP: up; 3.48% -- wow!
    • AAPL: up 1.73% -- but even more so, up $4.10, going over $240.51/share; market cap: $1.087 trillion
    • MSFT: market cap -- $1.057 trillion
    • SRE: up a bit
    • MPC: red/flat -- started strong but then faded
  • so, what happened; without looking at anything, the only thing that explains "all" of this -- positive news on China trade, or possibly more hints from the Fed (doubt the latter; putting money on the former)
  • so let's check, WTI: own 0.37% -- and yet HES, CVX, EOG, all up nicely.
  • can't find anything; must be something the movers and shakers on Wall Street know
  • a few more
    • PFE: absolutely flat; paying 3.95%
    • PCG: the troubled PG&E utility in California; San Jose mayor wants to take it "private" -- make it a consumer-owned utility; SRE needs to be watching closely; I think there are ways SRE could use this to their advantage; never let a crisis go to waste; strike while the iron is hot
Disclaimer: this is not an investment site.  Do not make any investment, financial, job, travel, career, or relationship decisions based on what you read here or think you may have read here.

Merkel: new nominee for the 2019 Geico Rock Award; admits that "multi-culturalism" has "utterly" failed. Link here. Anyone paying attention knew that it had failed years ago; and anyone paying attention knew it was bound to fail.

We lived in Germany for seven years while serving in the USAF. The western Turks were the most likely to integrate into the German economy. They didn't. The new arrivals from the Mideast will never integrate.

The nominees for the 2019 Geico Rock Award are tracked here.

Germany argued for open borders because their "domestic" birth rate was negative (more folks dying/emigrating) than were being born. At the linked zerohedge article:
According to the German Chamber of Industry and Commerce (DIHK), Germany lacks approximately 400,000 skilled workers. 
One can be positively, absolutely sure that the recent arrivals from the Mideast are not "skilled workers" and will not become "skilled workers" any time soon.

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Jet Fuel From South Korean Refiners

Hello.


In case that is hard to read:
Jet fuel imported by Europe from South Korea in November, 2019, yet to be reported, could very well fall to zero ... nada ... zilch ... nil ... because of the high cost of freight.
The high cost of sea-going tankers has gotten so high it is not economical to ship from South Korea to Europe.

No tankers have been booked to leave South Korea this month.

One wonders to whom Europe is turning? Russia? LOL.

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All Politics
Based on Polls As of October 21, 2019
As Reported By RealClearPolitics

Most recent debate: October 15, 2019

Two most recent polls:
  • SUSA (SurveyUSA), October 15 - October 16, 2019, day or and day following the debate;
  • Politico: October 16 - October 16: the day following the debate
The Politico poll: the only poll taken in a 24-hour period immediately following the debate, the debate in which the Drudge Report clearly posted Klobuchar as the big winner:
  • Biden: 31% (one of his best numbers in recent polls)
  • Pocahontas: 21% (a really, really bad polling number for her)
  • Sanders: 18% (about where he's been polling)
  • Buttigieg: 6%
  • Klobuchar: 2%
Mainstream media:
  • either has "favorites"; and/or,
  • wants to keep the appearance of a horse race
October 21, 2019, T+43: fact check, now that two polls have come out that include the day of and the day following the most recent debate:
  • the media buzz: Pocahontas surging, Biden faltering; in fact --
    • the national polls show Biden dropping a bit (trend for him, troubling), while mixed for Pocahontas; depends on the poll; overall, maybe Pocahontas has gained a point to 25% but subtle). In the Iowa and New Hampshire polls, she and Biden are statistically tied, which has been true for quite some time)
  • Sanders is dropping, slowly but steadily; now down to 15% but that was before his huge Queens, NYC, rally, attended by all the folks that would have had Amazon jobs had AOC not stopped that corporate greed
  • the media buzz: Buttigieg is surging: in fact --
    • last five polls -- 4 - 8 - 7 - 6 - 5 with an overall average of 6.0.
    • in Iowa: 14 -- 16 -- 13; with an overall average of 14.3
    • in New Hampshire: 10 -- 7 -- 9; with an overall average of 8.7
    • in South Carolina: 2.5%
  • the media buzz: Klobuchar has gained momentum; it's her time to strike; in fact --
    • she polls #8 of 13 candidates; in every poll, and we mean every poll: 2.0%; not an iota of movement one way or the other; 
    • Iowa: are you kidding? also 2.0%
    • New Hampshire: much, much better, at 2.3%. LOL.
    • South Carolina: 1%
  • everybody else: statistically at zero 

Saturday, October 12, 2019

US Shale Update -- Forbes -- October 12, 2019

This is just a "fun" article to read, a typical Forbes article. I didn't read it closely. But, for me, it looks like a "feel-good" article.

Link here to Forbes.

The problem I'm having is this. This article was published October 3, 2019. Should the writer be considered a candidate for the Geico Rock Award for 2019?

This is the headline: Texas, North Dakota, and New Mexico Leading the US Shale Oil Revolution.

I hate to do that -- nominating the writer for the GRA-2019 -- with a "feel-good" article about the Bakken, but, heaven's sake -- seriously? That headline? Where has the writer been? His defense -- he probably did not have anything to do with the headline. I'll give the Forbes editor the nomination.

While I'm sorting that out, these are incredible statistics from the article:
  • US crude oil production will steadily rise from 13.1 million bopd in 2020 to 14.2 million bopd by 2035
  • U.S. crude oil pr0duction is projected to remain at least 12 million b/d through 2050, as far out as EIA currently models
2020 is next year. I find it amazing that the US will be at 13.1 million bopd production by the end of next year. I assume production in the Bakken and the Eagle Ford is about ready to plateau which means huge growth in the Permian.

The lede at the linked article:
Since 2008, the American shale oil boom has grown domestic crude production some 150% to 12.4 million b/d.
It's been a huge shale party especially led by North Dakota and Texas. The Bakken in North Dakota, and the Permian and Eagle Ford shale plays in Texas account for some 60% of U.S. crude oil production and 85% of U.S. shale oil production.
The Permian is now the largest oil field in the world, surpassing Saudi Arabia's giant Ghawar.
Also in the Permian, I would be remiss not to mention New Mexico, where crude production since 2008 has jumped 5.5-fold to around 0.9 million b/d. Since the beginning of last year, EIA reports that output in the Bakken is up 25%, the Permian up 55%, and the Eagle Ford up 10%.
There are folks who feel that New Mexico will move into second place, ahead of North Dakota in terms of oil production in just a few years. 

New Nominee For The Geico Rock Award -- 2019 -- October 12, 2019

Link here.


Full list of the nominees for 2019 are at this post.

Sunday, September 15, 2019

Nominees For the 2019 Geico Rock Award

... and the award goes to ...

Winner

First Runner-Up

Second Runner-Up: Financial Times: US shale's rise means supply threats no longer have the same power to shock the market.
List of 2019 Nominees 

Nominees for the 2019 Geico Rock Award
  • IEA: US shale will "squeeze" OPEC influence.
  • Rebecca Elliott / Christopher M. Matthews: shale boom is slowing just when the world needs oil most.
  • Angela Merkel: admits that multiculturalism efforts in Germany have utterly failed.
  • Forbes editor(s): noted in an October 3, 2019, article that Texas, North Dakota, and New Mexico were leading the US shale revolution
  • Tulsi Gabbard: one year into the Democrat race for president, and she realizes the DNC is rigging things
  • Heritage Foundation chief economist Steve Moore: folks moving from New York to Florida due to Trump's new tax law
  • Financial Times: US shale's rise means supply threats no longer have the same power to shock the market.
  • Javier Blas: the US is producing the "wrong" kind of oil 
  • Neil Ackerman: stone circles found in England are notoriously difficult to date
  • Mark Jaccard: "we are still living in a fossil-fuel-based economy"
  • IEA: US shale revolution changed global energy market
  • House of Saud: taking 5% of the global oil supply off the market might cause oil prices to rise;

Tuesday, August 20, 2019

Geico Rock Award Nominee -- August 20, 2019

Readers of the blog have been talking about this for years. An economist finally noted the phenomenon.

This is the best example for a nominee for the Geico Rock Award. I only feel badly because this is not the only "economist" who should be nominated.

Anyway, here's the story, https://www.foxnews.com/media/economist-reacts-to-high-numbers-of-new-yorkers-fleeing-to-florida-because-of-high-state-taxes#.
Heritage Foundation chief economist Steve Moore reacted to the high numbers of New Yorkers who are fleeing to Florida because of high state taxes.

“This is the big demographic story of our country that may be the biggest economic story,” Moore said."

He said there are “four states of the apocalypse” – New York, New Jersey, Connecticut, and Illinois – which have the most residents fleeing over high taxes and huge budget problems.

They are leaving for Florida, Tennessee, Texas, Utah and North Carolina.

You can buy a house just with the money you save on income taxes,” Moore noted.

A bump in moving activity started with the federal tax overhaul in 2017. Although rates were cut for corporations and individuals, the ability of residents to deduct state, city and property taxes from their federal returns in places like New York, New Jersey, and Connecticut was diminished.
The exodus began well before the 2017 tax law.

Thursday, June 13, 2019

Financial Times -- Nominee For 2019 Geico Rock Award? -- June 13, 2019


Financial Times: US shale's rise means supply threats no longer have the same power to shock the market.

Finally. Perhaps a nominee for the 2019 Geico Rock Award?

Friday, February 1, 2019

We're Producing The Wrong Kind Of Oil -- Bloomberg -- February 1, 2019

XOM: profits tops estimates. Nothing but good news for ExxonMobil today. Earlier it was reported that Rystad Energy named ExxonMobil the oil, gas explorer of 2018. Back to its earnings:
  • excluding the impacts of tax reform, revenues from to $6.4 billion from $3.73 billion a year ago
  • production: 4 million bopd
  • the Permian: up 90% over one year ago (considering its production there was minimal, this was not a tough metric to beat)
  • EPS: $1.41 vs $1.08 forecast
Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or what you think you may have read here.

Oil: And, yes, we  have a nominee for the 2019 Geico Rock Award: Javier Blas has just noticed that "we" are producing the wrong kind of oil. We've been talking about that for years. That's what the Keystone XL was all about.

Over at Bloomberg:
The shale boom has created a world awash with crude, putting a lid on prices and markedly reducing U.S. dependence on imported energy. But there’s a growing problem: America is producing the wrong kind of oil.
Texas and other shale-rich states are spewing a gusher of high-quality crude -- light-sweet in the industry parlance -- feeding a growing glut that’s bending the global oil industry out of shape.
Refiners who invested billions to turn a profit from processing cheap low-quality crude are paying unheard of premiums to find the heavy-sour grades they need. The mismatch is better news for OPEC producers like Iraq and Saudi Arabia, who don’t produce much light-sweet, but pump plenty of the dirtier stuff.
The crisis is Venezuela, together with OPEC output cuts, will exacerbate the mismatch. The South American producer exports some of the world’s heaviest oil and Trump administration sanctions announced this week will make processing and exporting crude far more difficult. American refiners are scrambling for alternative supplies at very short notice.
I used to be concerned about this. No longer.

Chevron has made the first move.

WTI: By the way, WTI solidly above $54 now. Nice to see.

Market: strong again today.

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or what you think you may have read here.

Christmas Eve stock market low, a generational bottom? Link here.

American Girl and Tupperware: falling by the wayside.


Tuesday, January 22, 2019

This Is A PBS / NPR Poll -- As Predicted By ... -- T+20; January 22, 2019 , Part 4

Mitch McConnell is readying a bill to fund the "rest" of the government. From Fox News
"The bill marks the first real action in the Senate since Dec. 19, when McConnell moved an interim bill through the Senate. McConnell hopes to start debate on the measure as soon as possible, but it could be filibustered by Democrats -- meaning the debate may not even begin until late Friday. 
If we do see a filibuster, the headline most folks will see: Democrats filibuster bill to re-open government. 

This tells me the Dems don't want to "re-open" the government. Regardless of what the US Senate does, the bill that goes to POTUS to sign must be approved by the US House. 

From twitter this morning:


And,


Earlier I posted this: the discussion in the US Senate is gradually moving from "the wall" to "right-sizing the federal government." We hear from the loonies (left and right) through social media but the movers and shakers, on both sides of the aisle, are remaining strangely quiet.

TSA sick-in:
  • Sunday: 10%
  • yesterday: 11%
  • forecast: 21% by the end of the week
  • tipping point: 15%
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The Science Is Settled

As you read through these articles, remember that with regard to AGW, the science is settled.

The first article: that "amazing" 4,500-year-old stone circle was actually built in 1990s by farmer, admit archaeologists (scientists), from The [London] Telegraph, London, home of the smartest people on earth:
When archaeologists announced the discovery of an ‘amazing’ 4,500-year-old stone circle on an Aberdeenshire farm in December they admitted it was odd that it had remained hidden for so long.

With its diminutive circumference and smallish stones, experts said the Neolithic monument in the parish of Leochel-Cushnie was unusual, but hoped it might change their understanding of prehistoric building.

Sadly such optimism was not to be realised. This week a farmer who had once owned the land got in touch to say he had built it himself in the 1990s. [Insert laughing face emoji here.]

Neil Ackerman, historic environment record assistant at Aberdeenshire Council, said: “These types of monument are notoriously difficult to date.
A nominee for the 2019 Geico Rock Award? Neil Ackerman -- an historic environment record assistant -- "these types of monument are notoriously difficult to date," but predicting the future is really, really easy, especially when you have Algore's PowerPoint presentations and no critical thinking ability.

We know that the earth will be 2.7 degrees warmer one hundred years from now. And Occasional-Cortex says we have but twelve years to save the world. The science is settled.

Then this, from STATnews: it appears scientists are still discovering "new" anatomy after 200 years of study.
Anatomy of surprise: Scientists discover hidden blood networks that cross through bone or years, physiologists looking closely at bones noticed something puzzling. It was a microscopic prison break, blood cells slipping unseen from the enclosed depths of the bone marrow into the general circulation.

“We have the bone marrow, which produces the blood cells, and when you need them, you need them urgently. But how do they get out?” said Svetlana Komarova, who studies bone biology at McGill University in Montreal.

That anatomy should still contain such surprises is itself something of a surprise. It’s easy to think that 19th-century anatomists pulled apart the body tendon by tendon, vein by vein, describing and drawing every filament they came across, no matter how tiny. But eight years ago ... 
Climate: the science is settled.

From notalotofpeopleknowthat, flashback to 2004: the Pentagon tells President Bush II that "Siberian winter" will kill us.
Paul Matthews reminds us that we are now only a year or two away from our new Siberian climate in Britain, at least according to the Guardian in 2004.
Wow, how did that happen?

Is this accurate? Did Ms Maxine Waters give the Democrat response to the 2018 State of the Unioin Address? I really can't remember. 

The lonesome friends of scientists and the end of the world as we know it:

Lonesome Friends of Science, John Prine

Wednesday, January 16, 2019

More Evidence That Folks Are Not Concerned About Global Warming -- January 16, 2019; BC Has Fallen Off The Rails When It Comes To Controlling Carbon Emissions; Geico Rock Award Nominee For 2019

When talking about the environment, one doesn't often see the phrase, "... has fallen off the rails." 

From oilprice:
The carbon footprint of British Columbia is growing and has been growing for the last eight years despite a strong environmentalist lobby.
The Global and Mail quotes a spokesman for the Ministry of Environment as saying British Columbia has fallen off the rails leading to the achievement of its carbon emission reduction target for 2030.

The reason for this failure has, however, nothing to do with the oil industry as such. It’s simply a question of more people driving more cars. [Well, that sort of has something to do with the oil industry.]

“We’re still living in a fossil-fuel-based economy, and we’ve experienced economic and population growth,” the Globe and Mail quoted a Simon Fraser University researcher, Mark Jaccard, as saying. “More people are driving more cars, and unless we make a significant leap towards electric vehicles, these emissions will continue to rise.”

British Columbia had a target of cutting carbon emissions by 33 percent from 2007 levels to 2020. However, the new figures reveal the province has only succeeded in cutting emissions by 2.2 percent from 2007 levels, which means the 2020 target will be pretty much unattainable unless a radical change in driving habits takes place.
Of course, it could have been much worse. Imagine if BC had actually allowed all those pipelines.

One wonders if all those faux environmentalists driving to their protest sites needed more cars? 

First nominee for the Geico Rock Award for 2019: Mark Jaccard for noting that "we are still living in a fossil-fuel-based economy."

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A Really, Really Important Question

We just spent close to ten days in the Los Alamos area of northeastern New Mexico. We saw the video on the Los Alamos laboratory. They are doing some great work there, but a lot of it certainly seemed to be "make work" projects to ensure that the US has a stable of nuclear engineers going forward.

Oilprice has an op-ed today asking whether the US can keep its nuclear industry afloat? That's a very, very good question. In addition, there's this article: France may be attempting the impossible: replacing its aging nuclear power plants with inefficient, costly, and non-dispatchable solar/wind energy projects. What will France do when (not "if") this does not work out? They will end up doing what Germany is doing: burn more coal (and wood chips from South Carolina, USA).

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Millennials Challenged

 This was a link over at Drudge today.
Suggestion: unplug the Amazon product. There is a YouTube video that has instructions on how to unplug an electrical appliance.

***************************************
Be Afraid, Very Afraid

From the poll:
Though just one-in-three voters have a favorable opinion of freshman Representative Alexandria Ocasio-Cortez, if she were old enough to run for president in 2020, she’d give President Trump a run for his money.