Monday, October 22, 2018

Short-Duration Spike To Nearly $500/MWH In New England Early This Morning -- October 22, 2018

Updates

October 23, 2018: things look a bit better in New England today. Spike in prices a bit lower this morning. But note the reliance on natural gas. What a huge shift from just a few years ago.



Original Post

Last December 27, 2017, electricity prices spiked to $500/MWH -- see this link.

I see that early this morning, ISO New England had a short-in-duration spike to nearly $500/MWH; appears to have lasted about an hour or so.

Will Wonders Never Cease? -- Mexico To Import Bakken Oil -- October 22, 2018; Chinese Crude Oil Demand Insatiable

Updates

Later 5:11 p.m. CDT: this story is now being reported at Platts.
Pemex's buying of four US Bakken crude cargoes should help it maximize the efficiency of its 330,000 b/d Salina Cruz refinery, although future imports are no sure thing as they are opposed by Mexico's incoming administration, an S&P Global Platts analysis showed Tuesday.
Original Post 

Of course, this will only continue if the DAPL continues to flow, and, as noted, the DAPl is now the subject of lawsuits in two different courts, one appellate and one state supreme court. At least that's my understanding. Could be wrong. But I digress.

Argusmedia is reporting:
Mexico's state-owned Pemex has awarded a tender to import four 350,000 bl cargoes of US Bakken light crude, the first such crude import in around a decade.
The cargoes will be delivered in November and will mainly serve the Salina Cruz refinery in Oaxaca state, Pemex said today.
Traditionally a crude exporter, Pemex announced earlier this year that its downstream company, Pemex Transformacion Industrial, would start importing up to 100,000 b/d of light crude in an effort to boost flagging refining rates at its six refineries, particularly at its Salina Cruz refinery.
More at the link.

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China's Crude Oil Demand

This article has some interesting data points. From oilprice.com:
  • crude oil
    • 2017: Chinese oil demand grew 5.5% to 11.77 million bopd (in other words, Chinese crude oil demand = US total crude oil production
      • reminder: more and more of Saudi's crude oil production is used by Saudis themselves
    • September, 2018, China: 12.49 million bopd, despite economic slowdown due to trade wars with US --  so, 12.49 million bopd exceeds total US crude oil production
    • and this, despite the fact that economic growth in China slowed in the third quarter to its weakest since the global financial crisis
    • and then look at this: greater reliance on sweet crude imports from the US shale producers once ongoing trade tensions recede
  • natural gas: 
    • 2017: China's consumption soared to new record highs, reaching 235.2 billion cubic meters
    • 2017: natural gas consumption increased 17% or 34 bcm from 2016
  • the really big story: China's LNG demand spikes
    • China bypassed South Korea last year to become the world's second largest LNG importer after Japan, while China's LNG demand increased by more than 50% in 2017 compared with 2016
    • LNG demand in 2017: 38 million tonnes
    • 2019: China projected to become the world's top importer of LNG
  • 2023: 
    • natural gas demand will rise by 60% from 2017, to 376 BCM
    • LNG imports will rise to 93BCM by 2023 from 51 bcm in 2017
    • China already accounts for 50%  of overall growth in global LNG demand
    • RD Shell: world's largest LNG-producing company; going long on LNG; will see a record number of final investment decisions on new NG projects in Russia, the US, qatar, and Mozambique
Renewables? not even mentioned.

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Discussion With Arianna
The Questions Are Endless

Updates

Later, 11:05 p.m. CDT: a reader answered (and provided the reference) my question, where C-14 was coming from -- the answer:  
The primary natural source of carbon-14 on Earth is cosmic ray action on nitrogen in the atmosphere, and it is therefore a cosmogenic nuclide. However, open-air nuclear testing between 1955–1980 contributed to this pool.
Comment: that is so cool. I never would have thought the answer was so easily found; and, it's cool that there's an explanation for a question, that apparently, was not a dumb question.
Original Post

Protons: uud (quarks)
Neutrons: udd (quarks)
Protons have never, ever, even been observed to decay. There are theories that "demand" protons decay and it would be odd for a 3-quark particle NOT to decay (since it appears all such particles decay -- except the proton)

Neutrons: "decay all the time" -- lifetime of a "free" neutron -- 886 seconds (thank goodness, it isn't 666 seconds)

Atoms come in various flavors or forms, called isotopes.

"Stable" atoms make up the vast bulk of isotopes of any given atom.

"Unstable" isotopes are, I guess, by definition, unstable because they decay.

Take C-12, C-13, and C-14. If these isotopes were all equally stable, there would be no "radioactivity" involving carbon and none of the isotopes would be considered unstable. But the earth's atmosphere comes with three isotopes of carbon.
  • C-12: 6 protons, 6 neutrons
  • C-12: 99% of all carbon on earth
  • C-13: 1% of all carbon on earth
Both C-12 and C-13 are considered stable, and not "radioactive."

But, interestingly enough, C-14 is unstable --
  • C-14: 1 or 1.5 atoms per 1012 atoms of carbon in the atmosphere; that's not very much, one out of one trillion carbon atoms in the atmosphere is C-14 and unstable (000 - thousand; 000,000 - million; 000,000,000 billion; 000,000,000,000 (12) = trillion)
  • C-14 is unstable: lives for "only" 5,730 +/- 40 years
  • C-14: one of the neutrons decays; in the process, one of the neutrons changes to a proton -- C-14 becomes an atom with 7 protons instead of 6 protons -- and by losing a neutron, it has 7 protons and 7 neutrons or at atomic weight of 14. I hope I have that right. I don't want to confuse anyone.
Beta decay ("weak force") can proceed two different ways ---
  • in
    β−
     decay: electron emission; atomic increased by one
  • in β+ decay: positron emission; atomic decreased by one
The questions become:
  • why are there isotopes in the first place? especially when many are "unstable" in the first place? is "unstable" a relative concept?
  • if there is so little C-14 in the earth's atmosphere to begin with, and the half-life is relatively short, 5,000 years, why is there any C-14 left at all
I'm sure there are easy answers to these questions, and that's fine. But asking the questions helps one remember the concepts.

Nine New Permits; Active Rigs Hold Steady At 71 -- October 22, 2018

Active rigs:

$69.52→10/22/201810/22/201710/22/201610/22/201510/22/2014
Active Rigs71543469192

Nine new permits:
  • Operators: Oasis (7); Whiting (2)
  • Fields: Banks (McKenzie), Sanish (Mountrail)
  • Comments: Whiting has two more Fladeland permits in SESE 9-154-92; and Oasis has permits for a 7-well A. Johnson / Nikloai Federal pad in SWSE 33-153-97;
Four permits canceled:
  • XTO (2): two Rough Federal permits, in McKenzie County
  • EOG (2): two Hawkey permits, in McKenzie County
Sixteen permits renewed:
  • EOG (10) five Hawkeye permits in McKenzie County; four Burke permits in Mountrail County; one Ross permit in Mountrail County
  • Zavanna (4): four Galloway permits in Williams County
  • Enerplus (2): one Giraffe permit and one Walleye permit, both in Dunn County
One dry hole:
  • 34057, dry, BR, Rink 8-1-5MBH; 
Four producing wells (DUCs) reported as completed (all four of these from the same pad; watch the following when they come back on line:27092, 27093, 17539):
  • 31043, 1,197, EOG Austin 92-1807H, Parshall, t9/18; cum --
  • 30901, 1,256, EOG, Austin 84-1807H, Parshall, t9/18; cum --
  • 30902, 1,162, EOG, Austin 73-1807H, Parshall, t9/18; cum --
  • 30903, 614, EOG, Austin 72-1807H, Parshall, t9/18; cum --

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The Answer

A huge "thank you" to Don for sending me the link to the map. We had a lot of fun with this.

The map below came from this site with honey bee farms in North Dakota. At the site, it is interactive. Drag your arrow over each blue circle to see its location:


From worldatlas, data from 2014:


It's interesting to note where there are absolutely no blue circles in North Dakota. 

My little bottle of honey here in our little hovel:



Very, Very Dangerous Intersection Nine (9) Miles West Of Williston On US Highway 2 -- October 22, 2018

Fatal corner: nine miles west of Williston, ND, on US -2. From the Williston Herald:
Williams County has drafted a letter urging the North Dakota Department of Transportation to add a turn lane in Judson Township at an intersection where multiple fatality accidents have occurred this year, and the area is going to be studied, an official with the department confirmed.
The letter, approved unanimously by the Williams County Commission, expresses concern for traffic safety on Highway 2 near mile marker 9, which is located near 146th Drive NW in Williams County. There is heavy commercial traffic on the route that heads west to the Montana border, yet the road narrows from four lanes to two before reaching the border, the county’s letter points out.
Two fatal accidents have occurred near mile marker 9 this year within two days of each other, which has intensified existing concerns about the location, commissioners added.
The first accident, on September 21, 2018, killed 15-year-old Kennedy Hansen, a Fairview student who was a passenger in a car that was struck from behind while waiting to make a left turn off the highway.
Two days later, Gilberto Gomez Jr., 24, of Texas, and Rosa Aguayo, 45, of California were killed in a collision at nearly the same location. Police said that the vehicle Gomez was driving crossed over the centerline, into oncoming traffic.
Until they get the turn lane built, perhaps some warning lights, several warning signs might be helpful. A very localized lowered speed limit is probably not indicated (counter-intuitive).

Note: I've always considered it 18 miles from Williston to the state line, so I assume the 9-mile marker is about 9 miles west of Williston / 9 miles east of the state line. Could be wrong. 

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The Crafts Page

From our younger daughter today who makes greeting cards using "stamps" as well as other media:
One of the stamp sets I [recently received] is one to make Awareness Ribbon cards (i.e. a pink ribbon for breast cancer).  So I looked up other colors... and let me tell you, I feel like there is a ribbon for EVERYTHING.  Kinda like a participation trophy!  Only, now you get a ribbon for everything in your life. So, if you ever need a ribbon for something, here is a website to help you out:
At the linked site, scroll down to see all the ribbons that are available.
I saw on the front cover of one of the supermarket tabloids today is that George Clooney is being dumped. I assume if one is "feeling the pain" for George, one will wear a black ribbon.
And who started all this?
Tie A Yellow Ribbon Around The Old Oak Tree, Dawn

Now, back to that George Clooney story? Any truth to it, Snopes? Apparently bogus. See this link.

Legacy Fund Deposits Decline Slightly Month-Over-Month -- October, 2018, Deposits Posted

Link here.



Also:



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Flashback

Washing my bike two years ago.

Sophia