Tuesday, January 31, 2017

Two More Trump Nominees Approved By A Landslide -- January 31, 2017

Interior Department, Ryan Zinke, 16 - 6.
Energy Department, Rick Perry, 16 - 7.

I would mention this to my wife, that Rick Perry was approved by the committee, but I look forward to living a few more years. I am unable to think of one person my wife detests more than Rick Perry. Maybe Vladimir Putin, but it would be close.

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Enterprise To Build iBDH Plant In Mont Belvieu

First reported at the blog back in 2013

So what's an iBDH plant? Data points:
  • a new isobutene dehydrogenation unit
  • Enterprise will also start operations of a new propane dehydrogenation unit dur 2Q16
  • the new iBDH plant: 425,000 tons/year of isobutylene
  • isobutylene: provides feedstock to fill underutilized capacity at Enterprise's exisitng octane enhancement and petrochemical facilities
  • isobutylene: feedstock for lubricants, rubber products, alkylate for gasolien blendstock as well as methyl tertiary butyl ether (MTBE) for export
  • MTBE banned in the US
Meanwhile, Prince Salman's plan dithers and withers waiting for financing.

More On The ExxonMobil - Bass Family - $5.6 Billion - Permian Deal -- January 31, 2017

Rigzone.
  • acreage in "less-developed New Mexico, Delaware basin side of the Permian"
  • ExxonMobil bought out the Bass family's 250,000 acres
  • will add 3.4 billion of boe reserves; in effect, doubling its position in the Permian to 6 billion boe
  • Bass Family: $5.6 billion in shares, along with $1 billion contingency cash payments between 2020 and 2032
  • XOM pays 3.51%; 0.0351 x $5.6 billion = $200 million annually in dividends; lotsa money for fine arts in Ft Worth
  • the deal: priciest acquisition in the Permian this month
  • challenges:
    • geology
    • BLM
My hunch after XOM reported 4Q16 earnings today: XOM is in deep trouble. What could go wrong?
  • "less-developed area of the Permian"
  • geology makes it difficult
  • BLM makes it difficult (thank goodness Trump is POTUS)
Why does this remind me of Chesapeake's experience in the Bakken?

Disclaimer: this is not an investment site.

Making America Greater Than Ever Before -- Amazon To Build First Air Cargo Hub -- January 31, 2017

The press and US politicians cannot keep up with this.

Seventh full business day for President Trump: Amazon.com plans first air cargo hub; facility at Cincinnati / Northern Kentucky Airpot to create 2,000 jobs.

Wall Street Journal.

UPS reported earnings today.

UPS is toast.

Disclaimer: this is not an investment site.

Amazon.com:
  • first air cargo hub to accommodate its growing fleet of plains
  • ramping up to transport, sort, and deliver its own packages
  • will lessen dependence on UPS and FedEx, both of whose largest hubs are nearby
  • Amazon said it would lease 40 cargo planes, 16 of which are currently in its fleet
  • brought on a dedicated network of 4,000 semi trailers to increase trucking capacity 
  • has a fleet of citizen courier Flex drivers making deliveries in major metro areas
Oh, by the way, did I say UPS was toast?
  • Amazon.com will become ad direct competitor with UPS and FedEx
  • $1.5 billion investment; 2 million square feet
Much, much more at the link.

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Harley-Davidson Unable To Man Up

Cancels Trump visit; doesn't want to deal with protestors. Wow. And these guys sell motorcycles to Hell's Angels.

Sounds like another company run by cupcakes and snowflakes.

Remember the video of Donald Trump during the campaign hoofing it across divided highways to reach a rally where protesters had blocked his way?

Maybe Trump can invite the Hell's Angels to the White House.

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Speaking of Cupcakes, Snowflakes, and Hypocrites

Top Story Over At Google Finance -- January 31, 2017



This is life during wartime. I'm waiting for Iran to test the US Navy.

Life During Wartime, Talking Heads

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Tit For Tat 

The other day, in response to the "Feinstein-Obama-Trump" ban on refugees, Iran said it was banning Americans traveling to Iran.

Oh, oh.

Iran needs American know-how to run their natural gas and oil fields.
In January, Iran's Oil Ministry published list of 29 international companies qualified to bid for oil and gas projects following the lifting of sanctions under a landmark nuclear accord that went into effect last year.

US Army Has Directed US Army Corps Of Engineers To Issue The Easement -- January 31, 2017

Updates

Later, 10:02 p.m. Central Time: sock it to 'em.

Remember me?

PennEnergy: ND bill heightens penalties for rioting against oil pipeline. Not yet passed; proposed.
  • ten years in prison; $20,000 fine -- double current penaltie
Sounds like current law adequate (5 years in prison; $10,000 fine) if enforced, but generally North Dakota snowflakes and cupcakes in judicial robes let folks off with stern warning -- "Uffda, don't do that again." 
Original Post
 
As a reminder, with regard to DAPL, the chain of command for: the US Army Corps of Engineers

This may be of interest in 2017:
With that in mind, this link: US Army Corps of Engineers directed to approve Dakota Access easement.
The acting Secretary of the Army has directed the Army Corps of Engineers to issue the final remaining easement for the Dakota Access pipeline for a disputed crossing at Lake Oahe.
Robert Speer, who was designated as the acting Secretary of the U.S. Army on January 20, 2017, notified Congress Tuesday that the agency will be granting the easement.
The move follows a memo from President Donald Trump on Jan. 24 directing that the agency expedite reviews and approvals for the project, which was proposed to carry Bakken crude 1,172 miles across four states to Illinois, where it can more readily access refineries that handle light sweet crude.
Proponents of the pipeline have said it will take thousands of trucks off the road and represents the safest way of transporting crude, while opponents have questioned whether safety measures at Lake Oahe will be adequate to protect the water, which provides drinking water to the tribe and many others downstream.
Delegates for North Dakota have generally supported completion of the project, seen by industry leaders as critical infrastructure for the Bakken’s future.
Apparently US Secretary of the Army, Patrick J Murphy tendered his resignation January 20, 2017.

I'm having trouble reading the tea leaves, I've haven't really been following this story lately, but what little I've read, the Standing Rock Reservation elders have pretty much thrown in the towel.

One wonders how much the casino has lost over the past few months.

A reader tells me that 600 protesters are due in North Dakota court. How many show up is another issue, but for sure, those 600 are not going to be protesting.

Without those 600 the protesting cause is pretty much dead.

Unless someone finds a judge who wants to put a "stay" on the US Army directive, my hunch is "they" can complete the pipeline in less than a month.