Saturday, April 16, 2022
North Dakota Politics -- April 16, 2022
Might he run against Joe Biden in 2024?
Roland Riemers: wiki entry.
Roland Clifford Riemers (born May 15, 1943) is an American perennial candidate best known for winning the 1996 North Dakota Democratic presidential primary.
Riemers was born in 1943 in Lake City, Minnesota. He attended San Antonio College, received his AS in nursing from Anoka-Ramsey Community College (Minnesota) in 1973, his BS in industrial technology from the University of North Dakota in 1984, and attended but did not graduate from the University of North Dakota School of Law in 1998 and 1999.
Riemers currently lives in Grand Forks, North Dakota, and has 8 children.
Riemers was an early adopter of solar energy, and in the 1970s built and lived in the first completely solar-powered home in the northern United States. He currently works as a real estate investor and manager.
Roland Riemers: ballotpedia entry.
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South Dakota Attorney General Update
Impeachment trial set for June 21 - 22, 2022.
Germany Wind Power -- Random Update -- April 16, 2022
Germany wind turbine makers: in trouble; selling at a loss; link here.
- more evidence that low wind prices at auctions are not sustainable;
Germany wind power: down to 3%; link here.
- percent of total electricity contribution in Germany: wind provided 3%;
- wind farms running at 5% of their capacity;
- natural gas: 54%
- coal: 3.5%
- solar
- Germany does have more solar capacity, which contributed 16% of the total, but this is only really useful for about three hours a day, around noon, rather than early morning or evening when demand peaks.
Haynesville Natural Gas Production Hits Record High In Late 2021 -- Rigzone -- April 16, 2022
- record in 2H22; remained relatively strong in early 2022;
- third-largest shale gas-producing play in the US
- Marcellus: #1
- Haynesville: accounts for about 13% of all US dry natural gas production, February, 2022
- production, 2021, average:
- Marcellus: 32 billion cfpd
- Permian: 12.4 billion cfpd
- Haynesville; 12 billioni cfpd
- was 10 Bcfpd at start of 2021 (link here)
- pipeline takeaway capacity in Haynesville:
Pipeline takeaway capacity out of Haynesville has also increased in recent years. The additional capacity allows producers to reach industrial demand centers and liquefied natural gas terminals on the U.S. Gulf Coast.
The Enterprise Products Partners’ Gillis Lateral pipeline and the associated expansion of the Acadian Haynesville Extension entered into service in December 2021.
Before that project, Enbridge Midcoast Energy’s CJ Express pipeline entered service in April 2021. These projects added 1.3 Bcf/d of takeaway capacity in the Haynesville area, which is currently estimated to total 15.9 Bcf/d.
The three (Marcellus, Permian, Haynesville) account for 52% of all dry natural gas produced in the United States.
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US Natural Gas in Storage
The US ended the winter with the least natural gas in storage in three years. Link here.
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Inflation Watch
April 15, 2022, Target / Albertson's run:
- eggs: no change. Prices unchanged; Target still beats Albertson's, $2.79 vs $2.29 for a dozen
- plenty of eggs available at both places, but clearly inventories are way down
- soy sauce:
- not on Kikkoman bottle of soy sauce available at Target; out of curiosity need to check Albertson's
- store brand soy sauce available in very, very limited supplies -- down to about four bottles;
- Kikkoman: $3.49
- store brand: $1.69
- no brainer, even if Kikkoman had been available.
- salad dressing, Honey Mustard
- brand name: $3.89
- store brand: $1.59
- no-brainer which one to get
Re-Posting: Drilling On Federal Land -- April 16, 2022
ZeroHedge. A political disaster. Announcement made at 5:00 p.m. on Good Friday.
Royalties:
- from 12.5% to 18.75%
- very, very reasonable; that's what mom-and-pop mineral owners in the Bakken expect (18.75%)
Area to be "freed up" for permits:
- 144,000 acres
- an 80% reduction from the footprint of land that had been under evaluation for leasing
Comments:
- the three most recent Biden announcements in an attempt to lower gasoline prices at the pump:
- historic, unprecedented, record-breaking release of the SPR: to date, no effect on crude oil prices;
- E15 mandate for refiners; 2% of all retail outlets offer E15; most are in the midwest (fly-over country); and where available, most consumers do not want;
- backtracking: allowing drilling on federal land:
- of the three, the third, politically, is perhaps the most remarkable of all his announcements
- the area involved is so small it will make no difference, none whatsoever
- however, this was a huge blow to his ever-decreasing constituency;
- this was his campaign promise: no drilling on federal land
- this suggests his team is really, really in a panic over price of gasoline determining outcome of the midterm elections later this year
- the administration has run out of arrows in the quiver to affect gasoline prices
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