We bought this in Germany in 1984 or thereabouts.
Kept in pristine condition.
In September, 2022, sent to Laura and her boys.
Kiri had also wanted it but Laura asked first and her boys are now the right age.
It
would be nice if the boys could keep this "in the family" and give it
to one of Kiri's daughters if they have children. And so on.
I don't know if folks are paying attention but oil companies are used to planning twenty and thirty years into the future.
The best example, without question, the Keystone XL pipeline. Oil companies saw what was coming and knew the western Canadian heavy oil was critical for "affordable" oil. The EU, Saudi saw this coming and using "green" as their cover was able to shut the Keystone XL down.
Be that as it may.
The oil companies now see CO2-enabled fracking as the next big thing to maximize oil production from shale. That will be the fourth shale revolution. Peter Zeihan discussed the first three shale revolutions in his 2017 book.
Be that as it may.
But CO2 will be used for more than EOR fracking.
Denbury has just signed a 20-year agreement to provide CO2 transportation and storage services to Lake Charles Methanol in association with LCM's planned "blue" methanol project.
LCM’s world class facility will be located along the Calcasieu River near Lake Charles, Louisiana, approximately 10 miles from Denbury’s Green Pipeline.
The facility is designed to utilize Topsoe’s SynCORTM technology to convert natural gas into hydrogen which will be synthesized into methanol, while incorporating permanent carbon capture and sequestration.
The process is anticipated to deliver over 500 million kilograms of hydrogen per year as a feedstock to produce 3.6 million metric tons per year ("mmtpa") of "blue" methanol, while capturing approximately 1 mmtpa of CO2. This is a CO2 equivalent to removing the emissions of 200,000 cars from the road each year.
It's my feeling that Denbury is the world-class leader when it comes to "all-things CO2."
By the way, the purpose for "blue" hydrogen in Louisiana? See below.
That may be why XOM was so cautious with regard to its recent dividend hike.
For more on "blue hydrogen," for starters:
US Congress: ready to pass the "NOPEC" bill.
Prince MBS: "Here, hold my yogurt."
The new PM is a man of many firsts. At 42, he’s the youngest PM since William Pitt (the Younger), who took office in 1783 at the age of 24. Sunak, who was born in the United Kingdom, is the first PM of Indian heritage. He’s also the first former hedge fund executive, the first to have a Stanford MBA, and the first to have worked at Goldman Sachs.
Let’s take a closer look at some of those American connections. After graduating from Oxford in 2001, Rishi joined Goldman in London as an analyst, where for a time he sat next to the aforementioned Ann Berry.
“He was very smart, analytical, very articulate and a really pleasant character,” she says. “He was very focused, even then, on making sure that he was doing something that had a broader impact."
Sunak left Goldman and went to Stanford on a Fulbright scholarship where he received an MBA in 2006. There’s some color on his Stanford days in a biography of Sunak published in 2020 (how many 40-year-olds warrant that?) titled (one hopes not literally) “Going for Broke” written by Lord Michael Ashcroft, a 76-year-old billionaire businessman and Tory politician. Ashcroft writes that Silicon Valley dazzled Sunak, and that he once commented on how it was possible to take a 10-minute drive through the Bay Area and pass hundreds of businesses that have changed people's lives.
The book speaks to the rigors of Stanford, and one of his classmates, Maria Anguiano, told the author: “Rishi coped very well. He was always very positive.” Another student there at the time, Rashad Bartholomew, remembers serious partying, but noted that Sunak didn’t drink but did sometimes join some low-stakes poker games.
After graduating from Stanford's business school, Sunak worked at hedge funds in London including The Children’s Investment Fund (known as TCI), run by British billionaire Chris Hohn, described to me as “a fascinating guy who’s a massive risk taker,” by a British hedge fund manager. At one time Hohn was doing activist investing that included targeting American railroad CSX, which traces its origins to the Baltimore and Ohio Railroad (or B&O), the oldest in the United States. The stake in CSX ended up becoming a tangled affair and ended badly for TCI. Sunak worked on the CSX investment and his role was mentioned in litigation.
Sunak is extremely wealthy, the bulk of which comes from his wife, Akshata Murthy, a graduate of Claremont McKenna, whom he met at Stanford, and the daughter of billionaire founder of Infosys, Narayana Murthy. Akshata owns .93% of Infosys worth some $700 million, according to Business Today, an Indian magazine. Infosys’s primary business has been to outsource thousands of U.S. jobs to India, or replace jobs in the U.S. with foreign nationals. It has also repeatedly knocked heads with U.S. regulators.
But wait—there’s more Americana via the Murthys. Through Akshata and her family’s businesses, Sunak also has ties to companies that operate Wendy’s in India and a joint venture with Amazon in India, according to an investigation by the Guardian.
Finally, Sunak even had a U.S. green card at one point, according to the BBC. He still has a luxury apartment in Santa Monica.
