https://www.forbes.com/sites/rrapie...ing-revolution-broke-opecs-hold-on-oil-prices

 

https://www.bloombergquint.com/busi...ome-to-the-man-camps-of-west-texas#gs.FZ0ISaY

Midland County has recorded some minor “disturbances” at the camps, but Sheriff Gary Painter says the tenants generally have been good neighbors. “They get to drinking and fire a couple rounds in the air,” Painter says. “But it’s not serious.”

Communities that have seen their share of oil booms and busts view the man camps as a necessary part of supporting the current economic expansion for as long as it lasts. “It’s not that man camps are bad,” says Ken Winkles Jr., executive director of the Pecos Economic Development Corp. “It’s just that we would prefer to have the families in here.”

 

https://www.bloombergquint.com/busi...ome-to-the-man-camps-of-west-texas#gs.FZ0ISaY

Men with good-paying, productive jobs. What is this world coming to?

 

https://money.cnn.com/2018/08/15/investing/texas-oil-permian-basin-energen/index.html

Rapid technological advances have dramatically slashed the cost to frack in the Permian. Production is spiking so much that Texas is on track to surpass Iran and Iraq, both OPEC members. That would make Texas No. 3 in the world if it were a country.

 

https://money.cnn.com/2018/08/15/investing/texas-oil-permian-basin-energen/index.html

The stupid sensational headline is annoying: "Big Oil is racing to pump all the oil out of Texas".

Fracking has proven: there is no end to oil.

 

Here is a much better -- and accurate -- headline:

"America's biggest oilfield is running out of pipeline"

Luckily, capitalism can speedily put an end to the Great Pipeline Famine of 2018. Just need Mr. Regulator to get out of the way.

 

Texas oil exports exceed imports.

I remember from many years ago discussions about Texas' oil fields dying.

My, how things have changed!

 

Texas oil exports exceed imports.

I remember from many years ago discussions about Texas' oil fields dying.

My, how things have changed!

What's amazing is that these events track -- precisely -- the development of the Wyatt oil fields in Ayn Rand's Atlas Shrugged.

I just hope she was not so prophetic as to predict their demise as well.

 

https://www.wsj.com/articles/the-oil-export-boom-1535670283

The lesson is that American invention and entrepreneurship remain indomitable—when government gets out of the way.

Such a simple concept that so few understand.

 

Such a simple concept that so few understand.

I think many DO understand it and that's precisely why it's targeted.

 

North Dakota now pumps more oil than the entire country of Venezuela.

Granted, under a political system that recognizes individual freedom and property rights, Venezuela would be far ahead.

 

O Canada.

https://www.washingtonexaminer.com/...nce-with-megaproject-one-day-after-nafta-deal

 

O Canada.

https://www.washingtonexaminer.com/...nce-with-megaproject-one-day-after-nafta-deal

More power to them; unless they are doing something that violates the agreement they just entered into, I don't see a problem. They have every right to compete against us, or anyone else, in the global market. It's up to us to step up to the plate and compete back, or just cede the market.

 

But, ..but....I thought Canada was a champion of alternate/renewable energy and a discourager of fossil fuel use. The thought it's official global policy was to reduce both use and production of fossil fuels. Even if sacrifice was required.

I must have mis-understood.

 

But, ..but....I thought Canada was a champion of alternate/renewable energy and a discourager of fossil fuel use. The thought it's official global policy was to reduce both use and production of fossil fuels. Even if sacrifice was required.

I must have mis-understood.

Even if that's true, what does it have to do with the new NAFTA replacement/modification?

Furthermore, even if the government of Canada is all you claim it is, how does that prevent Shell from developing the capabilities to be more competitive in the LNG global market?

 

Who said it had anything to do with the new NAFTA replacement/modification?

After years of promoting global treaties to suppress such activity, Canada now is shooting for #2.

Our current policy(US) has created this competition, before this agreement. Even so....the timing of this #2 goal is telling.

There just seems to be a change in the air, that's all.....no deep meaning. It's just nice to have growth.

 

Who said it had anything to do with the new NAFTA replacement/modification?

Uh.. the article. Read the headline. If they aren't trying to link it to the NAFTA deal, then why mention it? If they aren't, then they might as well say that it was announced a day following the one year anniversary of the Las Vegas mass shooting and then claim that they weren't trying to imply any linkage.

After years of promoting global treaties to suppress such activity, Canada now is shooting for #2.

As I read it, a Canadian oil company is doing the shooting, not the government of Canada. Don't confuse the two.

Plus, one of the goals is to help Asia transition away from coal in favor of LNG which has a significantly lower carbon footprint, so why wouldn't that be keeping within the goals of the Canadian government that you claim?

 

When I post an article about this subject.......I do it to share information. I think that others might find it interesting.

I certainly did.

I will usually agree and disagree to some extent on the context of the article. Everything seems to be twisted and shaded to one view or another now a-days.

I try to gather what I believe to be the facts and compare that to my previous opinion of events. Thus what is relevant to me, might not be relevant to you.

For instance....I believe we are in the most historic times in all history.....and yuge, fast events will occur.

But many hope it's just a fluke and will die off quickly. Almost everybody has a strong opinion today. Not too many maybes out there.

To me it just seems that all of a sudden........every-bodies frackin/drilling/piping/shipping.

And liking it.

 

O Canada.

https://www.washingtonexaminer.com/...nce-with-megaproject-one-day-after-nafta-deal

This is a good thing. Increased supply (regardless from whom) reduces energy costs for everyone, thereby making everyone more productive and therefore richer.

But, ..but....I thought Canada was a champion of alternate/renewable energy and a discourager of fossil fuel use.

So naive. At the end of the day, everyone acts in their own best interests, whether they admit it or not.

Some of us always act in our own best interests -- recognizing that such actions are, overall, good for everyone. No guilt necessary.

 

This is a good thing. Increased supply (regardless from whom) reduces energy costs for everyone, thereby making everyone more productive and therefore richer.



So naive. At the end of the day, everyone acts in their own best interests, whether they admit it or not.

Some of us always act in our own best interests -- recognizing that such actions are, overall, good for everyone. No guilt necessary.

This project will not make anything cheaper for those living here. Boom bust continues. The money goes to the corporations. LNG is seen as green and I guess compared to the bitumen it is. Prince Rupert is looking to do a propane terminal as well. It is open season for everyone. Feels like we are running high fever... will be fun times when Earth decides to shake us off and there is a 9 point earthquake here once they are done with their terminals. There is a solution to every problem.