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The Origin Of 1.5
The Sports Page
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The Origin Of 1.5
0.3.333% increase y/y:
0.67% increase y/y, the earth was "shut-down" the entire year of 2022;
Link here. Sent to me by a reader. From the European Physical Journal Plus.
Joe Cramer is at an undisclosed location. He has not been seen since the Metaverse / Facebook debacle.
And that's it for me. no CNBC for me today, continuing my four-day streak of not watching CNBC. Will get back to it when the market settles down.
Connecting the dots:
White House: my hunch is that the White House can only manage one crisis at a time. The next crisis: Ukraine. Result:
Published in 2009, I believe.
At this site, click on the "down arrow" to the right of "download full-text PDF" and then click on "read full-text."
From the reader who sent me this link and the paper:
I have attached a paper on the carbon cycle---how long CO2 stays in our atmosphere and where it goes.
It is great information on the dogma of climate change. If electric propulsion is to replace internal combustion propulsion, the cost of “clean” energy must be competitive with “dirty” energy. We both know it is not even close including heavy subsidies. That is why the cost of carbon based energy will be manipulated upward. Europe is starting to figure out the real costs in alternatives and is rapidly changing their direction.
The loss of ethane et al when slowing down the use of hydrocarbon fuels has yet to be felt financially and actually in shortages of everything we use.
Most of our “stuff” comes from the well. I hope more people realize the whole thing is a bunch of crap. The political motivation is varied between power and money, who cares, it’s still all crap. They think stopping pipelines will somehow limit the use of oil. Let’s see how that works.
Ironically CNBC is now reporting on the "return" to coal due to the global energy crisis.
For the archives: Antarctica posts coldest winter since records began.
FWIW, top stories from The LA Times today:
Energy crisis: scanning through my twitter feed this morning suggests this could be a very, very interesting year with regard to price of oil and natural gas. It's almost as if the folks following this closely are seeing one story and mainstream media is either seeing another story, missing it completely, or simply uninterested.
Peak oil? This has been a consistent them on the blog for perhaps as long as the blog has been running. Not sure when I first posted this likelihood / possibility. Link here to Irina Slav. Most interesting: CNBC, et al, do not seem to have considered this. See Saudi Arabia production numbers -- non-government sources -- here. All things being equal, Saudi production is increased in the summer to meet domestic demand (power for a/c).
Bottom line: when it comes to OPEC production, ignore the speeches and press releases coming out of OPEC (Saudi Arabia); watch the production data.
Oil, days of supply: the best indicator of where the US stands with regard is the amount of oil in storage measured in "days of supply" and that number is gradually increasing.
WTI: solidly above $78.
Is EU changing the narrative? A reader notes that the EU is suggesting more government control to supply affordable energy and confront climate change. The tea leaves suggest the EU leaders are not concerned in the least about the price of natural gas, with tea leaves suggesting they actually want natural gas to go much higher, make it so painful that voters clamor for more renewable energy. This is very fascinating.
In the US: would the price of oil be the top story if it weren't for Covid?
Let's check some ticker symbols, pre-market:
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Back to the Bakken
Active rigs, updated end of day:
| $78.48 | 10/5/2021 | 10/05/2020 | 10/05/2019 | 10/05/2018 | 10/05/2017 |
|---|---|---|---|---|---|
| Active Rigs | 27 | 11 | 58 | 64 | 59 |
One well coming off confidential list:
Tuesday, October 5, 2021: 6 for the month, 6 for the quarter, 230 for the year:
RBN Energy: western Canada's propane balances look even tighter.
It wasn’t that long ago that Western Canada was awash in propane, sending the vast surplus for export by railcar to the U.S. That has changed in the past two years as direct exports to Asia opened up and Canada’s domestic demand for propane rose. With supplies becoming tighter, the combined effect with increasing demand spells trouble for higher exports to the U.S. this winter, a time when they are desperately needed. In today’s RBN blog, we explore the current Western Canadian propane market and what might be next in store.
Summary:
Of course, this does not mean supplies are in danger of running out, only that the difference between production and demand in 2021 and 2022 will be met from inventories. The stark shift in 2021 inventory levels so far this year versus 2020 reflects what has been a major mismatch between demand and production. For 2022, we think the increase in demand will still exceed rise in supply, resulting in another downshift for propane inventories, possibly sending them close to the record low seen in March 2013, when just 0.28 MMbbl were reported in storage.
There are plenty of uncertainties in this outlook, not the least of which is how severe the coming winter will be, not just in North America but also in Asia. A mild versus a cold winter could result in huge swings for either railed or marine exports and turn what is currently a snug market balance to an extremely tight or very loose one.
Putting that aside, there are some certainties that we can wrap our arms around looking to the end of 2022. For instance, Alberta propane demand will rise as Brookfield’s Heartland petchem complex begins operations. Marine exports are likely to be stronger next year compared to this year as the full impact of the Prince Rupert terminal becomes clear. Depending on the full magnitude and timing of these demand increases as well as the winter weather, railed propane exports, to the U.S. Midwest in particular, could fall as Alberta’s consumption and marine exports gobble up supplies.
But one needs to read the article to see how the summary is reached. Much more at the linked article.
Census results are in. Link here.
Congressional seat changes:
Corn, from social media:
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Wow, Doesn't This Look Like Something
Warren Would Dream Up?
All things being equal, this looks superb. I would love this. A one-year holding period to be considered capital gains as it is now, I've always thought somewhat ridiculous.
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Global Warming: Hey, Not So Fast
A top Obama scientist is not rebutting much of the dominant political narrative. WSJ.
Must be one of them there Neanderthals.
At the bottom of the page / bottom of the blog, I have a gazillion tags. Despite the huge number, they help me save time. Because the number of tags has become so large, I'm trying to minimize new tags, hoping I can find an existing tag for new posts. But after a reader sent me this link, I think I may need to come up with a new tag: "Facts_Don't_Matter."
From PowerLine: why wind and solar energy are doomed to failure.
No, I'm not going to add a new tag. We'll use the ones we have.
For the archives.
The only question that remains, when will the "house of cards" fall?
By the way, the central them of the linked article, "land constraints," was pointed out by Exxon about ten years ago. I posted the link at the sidebar at the right, but it appears that article has long disappeared. Exxon was correct then and remains correct today.
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Words Matter
Whorfianism.
Another famous anecdote from his job [as a fire inspector for an insurance company] was used by Whorf to argue that language use affects habitual behavior.
Whorf described a workplace in which full gasoline drums were stored in one room and empty ones in another; he said that because of flammable vapor the "empty" drums were more dangerous than those that were full, although workers handled them less carefully to the point that they smoked in the room with "empty" drums, but not in the room with full ones.
Whorf argued that by habitually speaking of the vapor-filled drums as empty and by extension as inert, the workers were oblivious to the risk posed by smoking near the "empty drums."
Graphics sent by a reader. I was aware of the data in the second graph; only recently have I been blogging about the data in the first graphic.
From the reader who sent me these two graphics:
Here's my #2 ranked CO2 table, from Fred Singer about 20 years ago.
The late Singer is probably the CO2/sunshine-and-breezes-fraudsters-most-hated scientist right up there with Dr Richard Lintzen, who was the first to explain how ethanol consumed more energy than it produced (not counting the near toxic cattle feed byproduct).
It took years for that to become common knowledge. Another ten years, and a $trillion of wind, solar and battery storage, that hoax will also be "common knowledge, except in liberal minds where there are a lot of strange things bouncing around..
The "flood myth" has been around since "Genesis" (the Bible); every culture, every generation has feared the "flood"; now in the 21st century, we have "rising seas" and more floodingIn the King James Bible, we had the Old Testament and the flood; in the New Testament we had the Messiah. It was the Gospel
Greta Thunberg is being taught to Swedish children as part of a course about “religious knowledge,” with kids being asked to mock her opponents.The messiah:
The 16-year-old climate activist is now included in the school curriculum and is being portrayed in an overtly sympathetic light, with the course describing her as an “alarm clock” that “allows us to discuss, talk, and reflect on what is happening to our world.”
According to one student, “Greta is practically painted as a saint.”
“In one task, they are asked to find a picture to illustrate the sentence “One simply doesn’t mess with Greta,” a nod to an outdated Boromir meme from “Lord of the Rings.”
Including Greta in lessons is “important to constantly offer materials and teaching materials that reflect the contemporary.”
Churches in Sweden are now ringing bells in her honor, while last year the Church of Sweden proclaimed Greta to be “Jesus’s Successor.”As noted, I cannot make this stuff up.
The sad story of Minnesota’s green energy failure is one that no doubt is being replicated around the country. And one of the ironies of green energy is that it is terrible for the environment. Both wind and solar energy require enormous amounts of land compared with conventional, reliable energy sources. Minnesota has scarred its landscape with endless acres of giant windmills and, to a lesser degree, solar panels. When those windmills begin to rust and fall still, the environmental damage will be even greater. And the green cronies who are now making millions through their political connections will be long gone.Bay area freezes. San Francisco ties cold record.
Using wind power to replace the 3.9 billion megawatt-hours that Americans consumed in 2018, coal and gas-fired backup power plants, natural gas for home heating, coal and gas for factories, and gasoline for vehicles – while generating enough extra electricity every windy day to charge batteries for just seven straight windless days – would require some 14 million 1.8-MW wind turbines.
Those turbines would sprawl across three-fourths of the Lower 48 US states – and require 15 billion tons of steel, concrete and other raw materials. They would wipe out eagles, hawks, bats and other species.I don't care for karaoke, but the accordion brought me here:
While major economies are yet to commit to extending Paris Agreement commitments, more than 70 countries, 10 regions and 102 cities, including California, New York State, Tokyo and Rio de Janeiro, have committed to work towards net zero emissions status by 2050, according to the UN.Two years:
Data gathered by Platts show the vast majority of emissions are focused on energy and transport, where cleaner technologies already exist and, in electricity generation at least, the costs are reaching grid parity after 20 years of support.
"Unless in the next one or two years countries double or triple their pledges and fully implement them, we won't meet Paris, and we will be on a pathway of greater than 2 degrees Celsius with profoundly negative consequences," Watson told the BBC on Wednesday.
"When the US pulls out it will make it harder to make 2 degrees, while sending the signal to the rest of the world that, if one of the richest counties can't be bothered, why should anybody else?" Watson said. [To be more precise, he "asked."]
In 2018, China was the world's largest economy for the fourth year in a row. It produced $25.3 trillion in economic output according to estimates by the International Monetary Fund. It contributed 19% of the world's total gross domestic product of $135.2 trillion.
The European Union was in second place, generating $22 trillion. Together, China and the EU generate 35% of the world's economic output.
The United States remained in third place, producing $20.5 trillion. The world's three largest economies combined produced 50% of the world's total economy.
No other economy is even close to any of these three. The fourth-largest economy was India, producing $10.4 trillion. Japan was fifth, at $5.6 trillion. Germany, the strongest country in the EU, produced $4.4 trillion.
These measurements use purchasing power parity to account for exchange rate changes over time. It also adjusts for government rate manipulation.
"To cope with climate change, we need every strategy we've got."Yup, the science is settled. Only the name is changing. From "global warming" to "climate change." Politically correct, I may have missed it, but I did not see the phrase, "global warming," but that's what it was all about. This was the "culprit": heat-trapping greenhouse gases. Heat-trapping. Global warming.
The 190-seat Leonard Nimoy Event Horizon presentation theater dramatically expands the Observatory's programming and education capabilities. The Leonard Nimoy Event Horizon realizes an unfulfilled intention of the Observatory's original architects to have a second theater to complement the planetarium.
Though not constructed with the original building, the idea for a presentation theater was not lost, and the need became especially evident as the number of Observatory visitors and programs increased over the years.
The public presentation - "The Once and Future Griffith Observatory" - is a 24-minute film which weaves the history, recent renovation, and future of the Observatory into a tale of observation and inspiration. The theater also hosts live programs and demonstrations including All Space Considered and Let's Make a Comet. The Leonard Nimoy Event Horizon is also a classroom for the Observatory's school programs.There was never any science behind global warming; it was a global scam. But "ice age"? Lots of science behind it.
The effects of global cooling will be far more devastating than global warming.
-- Gregory F. Fegel
Unlike the current CO2-caused Global Warming hysteria, the threat of an approaching “Ice Age” Glacial Period that was presented in the 1970s was based on solid science — including the combined evidence of the geologic record, ice cores, sea sediments, and pollens, all of which matched the cyclical insolation (amount of sunlight) pattern caused by the orbital Milankovitch cycles.
In the 1970s, it was confirmed that the Milankovitch cycles cause the Ice Age cycle — which is taught in earth-science textbooks.
In the 1970s, the media emphasized the fact that a large change in the Earth’s mean global temperature could happen within decades — in that way the media promoted “global cooling hysteria” in the 1970s. In spite of the fact that the climate in the 1980s and 90s became warmer, the scientific evidence for an approaching Glacial Period was valid, and it remains valid. Some scientists claim that our current warm interglacial (the Holocene) will be different from the previous interglacials by lasting twice as long — giving us another 15,000 years of a warm climate. However, that theory of a warm 15,000-year extension is speculative.
Based on the regularity and timing of the Ice Age cycle so far, we should expect the descent into the next Glacial Period to begin (approximately) within hundreds of years, or perhaps within our own lifetimes. The idea that either natural or anthropogenic causes will intercede to prevent the next Glacial Period from returning within its usual time-frame is speculative — and it is perhaps a result of wishful thinking.
If planners and governments want to prepare for a substantial “climate change” in the future, it’s global cooling they should be concerned about, not global warming.
Firstly, because severe global cooling is more likely to happen (eventually). Secondly, because the effects of global cooling will be far more devastating than global warming. A global sea-level rise caused by global warming would be easier to cope with than arctic conditions in Northern Europe, Russia, Canada, and Alaska caused by global cooling.
A warmer global climate would be a net benefit for all life on Earth.
I am not sure those numbers are right. I thought the U.S. had reduced CO2 emissions more than the Europeans. But the broader point is undoubtedly well taken. Greta could have ridden a bus across Asia to try to persuade Xi Jinping that his people should stay poor. But what fun would that be? Instead, she sailed to New York on a yacht furnished by the royal family of Monaco to lecture a willing, but entirely insincere, audience at the U.N.
Edgartown conservation agent Jane Varkonda told The Times Edgartown didn’t receive the August 5 superseding order of conditions from the commonwealth in a timely manner. Varkonda said she learned by happenstance the decision had been made during a conversation with a state official. Upon learning Edgartown was without the decision, the official sent it.
“He sent it to me on Friday [August 16], and the last day to appeal was Monday the 19th,” she said.
Varkonda said town counsel was able to pull together the appeal in time. “It was a scramble to say the least,” she said.
Reynolds, Rappaport, Kaplan and Hackney director Michael Goldsmith, who drafted the appeal, declined to speculate on why the order didn’t initially get to Edgartown.Later, 2:48 p.m. Central Time: from a reader who knows and follows this much more closely than I do -- minimally edited --
Varkonda said it’s plausible it was lost in the mail. Comment: my hunch. The MassDEPA letter was accidentally addressed to Jeff Epstein.
There are several more "happenings" related to that offshore wind project near Martha's Vineyard. Basically, it's dead, Fred.Had the reader not add this last line, I would have:
Opposition was growing this spring from commercial fishing groups.
Then, the Gloucester office of the NOAA (?) fisheries division released a report saying the important draft EIS (draft Environmental Impact Statement) was inadequate.
Although the BOEM is the lead permitting agency, the Coast Guard, NOAA, and the EPA all refused to sign off on a required evaluation saying they were satisfied with the project's overall impacts.
In early July, BOEM kinda rocked the entire offshore wind industry when it announced that a comprehensive analysis would be undertaken to assess how ALL these several offshore wind farms might effect the East Coast maritime universe.
Vineyard Wind is only a few weeks away from probably announcing that it is aborting/suspending its project as they will lose their needed tax credits if construction does not start prior to this coming December 31, 2019 deadline.
If you google "New York City gas shortage", you may see some amusing/puzzling reports of how local politicians are excoriating the local utility - National Grid - for not providing the much needed natgas to New Yorkers.
You just can't make this stuff up.
Japan is actually vigorously investing in the research, technology, and implementation of what is known as HELE ... High Energy Low Emissions coal burning for electricity generation.Some of the particulars involve highly pulverizing the fuel, using an oxygen rich combustion environment, higher boiler pressures, and many other components.
They are so far advanced in this field that they are touting its buildout - under Japanese contracting - all around the world.I should have looked at the source of the article. The source: Greenpeace.
Japanese Prime Minister Shinzo Abe has been on a charm offensive recently on climate change. He’s talked about Japan’s leading role in taking action on climate issues, and his intention to make climate change a key agenda item at this year’s G20 meeting. This should come as no surprise given how extreme weather events such as heat waves and flooding have recently wracked part of the country. [Fake news.]
But Abe’s addiction to coal shows that this charm offensive lacks substance, especially when it comes to Japan’s own energy policy. In Japan’s latest energy strategy published in June, coal remains a major part of the energy mix into the future. Currently, the coal fleet in Japan is growing, not decreasing: At the moment, 35 new coal power plant are in the pipeline all over Japan, adding to the around 100 coal plants already in operation. If all of these plants are built, 107.920 million tonnes of CO2 will be emitted annually, and according to analysis by Climate Analytics, Japan’s share of the Paris Agreement carbon budget would be exceeded by about three times.
Among G7 nations, Japan is also one of the biggest investors in coal power globally. Besides expanding the domestic coal fleet, Japan is subsidizing the export of coal-fired power plants to other countries like Indonesia and Vietnam.
Meanwhile, Abe’s stubborn push for an unrealistic amount of nuclear plant restarts is slowing the necessary large-scale phase in of renewable energy. Even though most of Japan’s nuclear plants remain out of operation and are unlikely to be brought online anytime soon due to safety issues, public opposition, and legal hurdles, the government has insisted on keeping the share of nuclear high in its 2030 energy scenario. This in turn translates to high uncertainty about future electricity generation capacity as well as hindering grid access for renewable developers.