Showing posts with label I Can' Make This Stuff Up. Show all posts
Showing posts with label I Can' Make This Stuff Up. Show all posts

Wednesday, November 3, 2021

Well, This Didn't Turn Out Like We Had Hoped -- CMP-- November 3, 2021

Note: this whole subject is well beyond my expertise but this is how I see it. Facts and opinions and personal understanding (which is often wrong) are interspersed in the post below and it is impossible to tell what is fact and what is fiction, but I bet I'm not too far off the mark.

In a long note like this, especially with a subject I know nothing about, there will be content and typographical errors. 

For this next news item / this next post to make sense, one must understand this diagram:

ISO-NE: The diagram shown here illustrates, in relative geographic location, the substations, transmission lines, and interconnections with neighboring grids that make up the New England power system. 

The diagram above shows existing facilities and facilities that are expected to be placed in service in the near future. If you feel this diagram is insufficient and that you need more detailed information, you can download a more detailed version of the diagram at the link. 

Okay. Now that you have the diagram, here's perhaps the most interesting news story of the day. 

"ISO NE" must meet -- by law -- certain renewable energy milestones. Massachusetts and more specifically, Boston, are most affected by these rules and regulations. 

Plan A, then Plan B, then Plan C ... Plan Y mostly fell back to Plan A: expensive hydroelectricity from Quebec to meet the renewable energy requirements for Boston as promulgated by law. 

Only one problem. 

There's this big state called Maine that sits between Massachusetts and Boston. 

Which reminds me. 

This is so ironic with a capital "I." 

Maine, at one time, was part of the Commonwealth of Massachusetts. In 1820 it voted to secede from Massachusetts to become a separate state for the sole purpose of raining on Boston's parade, as they say in Brookline. On March 15, 1820, under the Missouri Compromise, Maine was admitted to the Union as the 23rd state. 

Maine's one claim to fame is the fact that it is the only state whose name consists of a single syllable. 

Maine has a nasty habit of poking a stick in Boston's metaphorical eye. LOL. 

And that brings us to the most interesting story in the past twenty-four hours.

This link was sent to me by a reader. Thank you. 

For Boston to meet its renewable energy mandate, the only viable alternative is to bring expensive hydroelectricity in from Quebec, but that requires a really big transmission line and that line would go through Maine.

Well, a woman who I will call Rosa Parks, of Farmington, Maine, wouldn't go for that. She felt that this really, really big transmission line would only benefit Quebec and Massachusetts (of course, she is/was correct). It offered nothing for Maine. And so Rosa Parks and friends killed the project.

At the linked story: 

Central Maine Power -- CMP -- was dealt a major blow yesterday when voters voted to kill the utility's $1 billion hydropower corridor project.

The vote on the project has been nearly four years in the making. After a similar project was killed by New Hampshire regulators in 2018, the 145-mile corridor to bring Hydro-Quebec power to the regional grid through western Maine emerged as Massachusetts' best hope to fulfill a massive clean-power request.

Much more at the linked article. 

Rosa Parks harnessed grassroots anger, but look at this: the anti-hydro-electricity movement was funded by .... no, not George Soros ... but rather .... drum roll ... the fossil fuel industry.

LOL. I can't make this stuff up. 

Anyway, you get the gist of the story. If not, go to the linked story and google CMP hyropower corridor for background.  

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End of the Line

End Of The Line, The Traveling Wilburys

Friday, January 5, 2018

The Market And Energy Page, T+349 -- January 5, 2018

Updates
January 25, 2018: many, many stories on trucker shortage on the blog; here's an update from Arizona (trucks, trucking, truckers)

Later, 12:49 p.m. CT: wow, shares in Barnes & Noble plunge more than 14%. The company must have missed the holiday memo.

Later, 12:46 p.m. CT: headline/story over at Yahoo!Finance -- APPL shares are up today after news report that Apple chips have major flaws. I can't make this stuff up.

Later, 10:50 a.m. CT look at first comment regarding ELD (electronic logging device). At the very same time I received that anonymous comment, I also received an e-mail from another reader:
I sent the url to this WSJ article to a truck driver who drove semi cross country years ago, and has been a load dispatcher for maybe 25 years. Here were his comments:
The article and it's pretty much spot on. ELD’s are playing a bigger roll than anticipated, I think. 
Old timers are saying piss on it, "I’m not doing that." 
The economy seems to be rolling and we lost trucks instead of gaining trucks. I have been saying this for years. 
We have trained out children to run a computer, not to work with their hands in a trade and I consider being a truck driver a trade. Anytime you sit in a seat of a commercial vehicle you have every branch of the law enforcement trying to find something wrong with you or the truck and dig into your pocket book.
Original Post

Market: it looks like we may have four consecutive days of new records among the equity markets. Dow futures up 72 points; other major indices also up.

African-American unemployment at record lows; lowest since BLS began keeping records in 1972. It begs the question: what was President Obama doing for eight years?

Trucking: The WSJ is reporting -- Tight Trucking Market Has Retailers, Manufacturers Paying Steep Prices, Some companies are delaying nonessential shipments rather than scramble to find a truck.

Retailers and manufacturers grappling with an unusually tight trucking market are paying the steepest prices in years to keep their goods moving.
Freight demand had been ticking up for months, closely tracking the strengthening U.S. economy. The market got a boost from retailers needing to restock store shelves and distribution centers amid the biggest jump in holiday sales since 2011. That wave of demand hit the trucking market just as a new federal safety rule kicked in, leading some drivers to idle their big rigs.
By the end of last week, just one truck was available for every 12 loads needing to be shipped, according to online freight marketplace DAT Solutions LLC. That is the most unbalanced market since October 2005, after Hurricane Katrina, and is up from a roughly 4-to-1 ratio at the end of 2016.
Saudi Aramco IPO, link here: 
There had been some speculation that the IPO could be shelved, as the Saudi government's self-imposed end-2017 deadline for picking an international stock exchange lapsed without so much as a murmur about its location. The Saudi government changed the status of Aramco to a joint stock company, in a signal that the float of the company will go ahead.
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Back To The Bakken 

Active rigs:

$61.61↓1/5/201801/05/201701/05/201601/05/201501/05/2014
Active Rigs543958170184
 
RBN Energy: streamlining water delivery and produced water takeaway in the Permian.

Wednesday, October 30, 2013

New "Screen Shot" For "The Million Dollar Way" When The Webmaster Is Off The Net

At 5:37 p.m., October 29, 2013, I checked the ObamaCare site. The state sites are up and running. The federal site is "down." Ms Sebelius says that the federal site has never "crashed." She said that during her testimony earlier today. While testifying, the system "crashed," "went down," whatever. Perhaps it was hacked. The security system has never been tested "end-to-end," but folks who worry about the security of Facebook, Google, and Apple, are happily providing the government site with social security numbers and other "private" information.

The government said it would be up "soon." So I checked. I assume this will become the next cocktail chatter, folks checking on their iPhones to see if the system is up.

If you check, be sure to go to a state that has the federal site. Again, the state sites are up and running. The site run by President Obama/Ms Sebelius is "down at the moment."



If you want to hear a recording, "you might" call the 1-800 number. And then, again, "you might" not.