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Not so sure about oil exploration but I'm sure Amazon could compete with slb
Japan has been an industrialized country for over 100 yrs. then the US rebuilt their industries after destroying them. why do they need any more advantages?
Are u saying to tax all vehicles based on odometer reading or just CVs. If so, why not EVs?
Either way, I can't see folks in California, Texas or trucking industry supporting such an idea
Environmental Justice? Those kinds of offices and amendments define pork barrel spending
The US farming industry has evolved since 1980. Much consolidation in operations and consequently much more efficient. In 1980 there were mostly independent farms supporting their own operational costs. While there r still many independent land owners, the farming of that land is frequently thru a corporate lessor who carries the operational costs although with a much lower capital and personnel expense rate (if adjusted for inflation) relative to the aggregate of independent owner-operators in 1980.
My point was that if demand was outstripping the ability for natural resource companies to supply processed/refined materials, then prices of the resources would rise and probably the profitability of those companies. At the moment and for past several years demand has been easily met and consequently most natural resource commodity prices and the natural resource companies that provide them have been in the toilet
The ability of the earth to 'regenerate' inorganic resources has always lagged consumption (at least since the end of the Stone Age) but the available quantities are vast and humans have managed to progressively develop the necessary means by which to exploit 'lower grade' resources once the high grade resources have been cherry picked
That must explain why so many natural resource companies are in the crapper (sarcasm)
Indeed and you are being generous with your numbers
Just a half-assed guess but I suspect the recent decline of VZ heavy oil imports is directly related to the completion of the Keystone system and Canadian heavy oil imports
i'm not so sure that 'rate structure' would be sufficient.
The United States currently consumes in the neighborhood of 4E12 kWh/yr of electricity and 1.4E11 gallons gasoline/yr. If gasoline consumption were cut 50% and we take a gasoline equivalent of 33.4 kWh/gal, then we need an additional 2.4E12 kWh/yr of electrical power generation. That's conservative because there will be losses of efficiency in the battery charging and usage. So we'd need somewhere in the neighborhood of a 75% increase in electrical power generation. The electrical power system isnt going to handle that kind of increase without some serious additional infrastructure.
As you pointed out the vehicle charging periods would be during what is now 'off peak' so there would be a leveling of the peak but it would be thru raising the valley rather than lowering the peak and since solar panels dont work so well at night that extra fuel has to come from somewhere else. It would be natural gas so a high energy density carbon fuel would be replaced by a low energy density carbon fuel. Yippee.
I'm sure utility companies would indeed love that situation but i doubt it would be beneficial for most consumers.
and service companies continue to lay off humans in clumps
One of the world's great ironies: the seed bank uses a coal fired power plant to maintain the -18 degC necessary to preserve the seeds
Or maybe they are only wasting $1B as opposed to more
Poorer households would receive financial assistance to replace older, more polluting vehicles with cleaner ones, he [Ecology Minister Hulot] said.
Other targets set in the French environmental plan include ending coal power plants by 2022, reducing nuclear power to 50% of total output by 2025....
- this should be fun.
do you really think it will improve their market share position?
if obscurity is a stopping point on the way to being nonexistent, then guess what....
Since 1990 Volvo has never had more than 0.8% of the US auto market and has only cracked 2% once in Europe. In China it's market share is negligible. For a Chinese company, i'd say that's a bad sign. Of course, given that it is a Chinese company: maybe the announcement about transitioning to all EV/Hybrid models is just propaganda. If there's money to be made, then the big 4 in China will elbow Volvo aside.
Volvo doesn't make the top 20 of automobile manufacturers and there are at least 4 other Chinese companies with much greater sales volume than Geely.
If anything this is Volvo's last gasp.
is the productivity software supply chain related? If so, then it doesnt necessarily matter if it's bad. It only has to be better than what the competition uses and at least one of Baker's major competitors uses lethargic halfwits, chalk-boards, and Excel. Their Oracle and SAP databases used in different countries dont know or care about each other which makes for a lot of redundancy and waste. For all the bragging oilfield service companies do about their technology, some of their operations are neolithic.
for starters there's any city in Italy and Denmark but i'll assume you were inquiring about cities in the US.
you can go through the list of US states and cities as well as other countries here
https://en.wikipedia.org/wiki/Uber_protests_and_legal_actions
dont get me wrong. I'm a big supporter of Uber and if MADD was paying attention, they'd be one of Uber's strongest supporters
edit: the NFL should be added to the list of organizational supporters
Except that several big cities have outlawed services such as Uber because they compete with taxis and threaten the taxi token revenue those cities collect. The liberal politicians in those cities talk a green game but when unions and revenue talk, green goes to the back of the line.
The advantages of the internal combustion engine versus horses is in no way comparable to the differences between EVs and CVS
beware the effect of tax incentives and loss thereof. Illinois is one of those states that let their state incentive program lapse. They may still have a rebate program from the Illinois EPA but since the url for that program has expired i suspect it is also toast. In other states where tax incentives lapsed, sales plummeted. Illinois EV owners still get a break on registration fees but i'm not sure how much reg fees are for CVs in Illinois. I think EVs may also get special lane access which could be advantageous in Chicago and apparently some insurers offer a EV discount (which doesnt make any sense to me)
https://www.nytimes.com/2017/03/11/business/energy-environment/electric-cars-hybrid-tax-credits.html?_r=0
given Illinois' fiscal problems I wouldnt count on anything requiring government subsidies or capital investment to survive.
Total acquired a majority stake in 2011 so no reflection on current state of oil industry.
There's a miniboom going on in Permian basin at the moment. The word i hear is that as long as price is over $40/bbl, money can be made. I am somewhat skeptical cuz i'd say 80% of the fairly new looking pump jacks i see in west TX and SE NM are idle.
thx for the reply. Points and edges are indeed very important to cutting/erosion capability, however, garnets have very poor to non-existent cleavage. Garnets do tend to form nice euhedral/idiomorphic crystals so that would definitely help with the points and edges but for the particle size you're using that would be immaterial. I also think the lack of cleavage is helpful to cutting capability. Crystalline alumina also has poor cleavage and is much harder than any garnet. It may not have the same tendency to form particles with nice edges and points so that could be a trade-off. The density difference isnt big so that probably wouldnt be significant.
Either one would be easily disposed of; they are both effectively inert under most environmental conditions.
My expectation was that crystalline alumina would have much more common industrial usage and consequently be cheaper based on production tonnage. Of course, alumina production could be controlled by a few companies or there could be some local garnet source that produces a big price differential and that's the sort of thing i was wondering about.
I was also under the perception that synthetic garnets were only produced for optical applications so I was assuming your garnets are from a geologic source and that's part of the reason why I thought the garnet would be more expensive. Unless your garnets are from a placer deposit, I would've expected the separation costs to be high. If things are otherwise, i'm happy to have my prejudices dispelled.
Is garnet cheaper than alumina? I would've expected alumina to be cheaper and since it's harder I would've expected it to be a more efficient cutting material.
Wrt to wheat I suspect 10 days without rain is a good thing. In western KY wheat harvesting began 2 weeks earlier than normal and is continuing now. The last thing they want is rain.
Complete nonsense, eg "In 1975, in the Appalachian Basin, the federal agency drilled the first directional wells to tap shale gas." Quite a feat for an agency that wouldn't exist until 1977
i think his point was with regard to the "perma" in permafrost. Strictly speaking, permafrost is not a seasonal feature. It may be short-lived on a human lifespan basis but it isnt seasonal with respect to melting.
I think you are referring to soils/tundra that undergo a seasonal thawing such as in a good chunk of Canada whereas some soils near or above the Arctic circle dont melt over spans of years.
as for thawing at depth while the surface remains frozen: North hit on that somewhat obliquely. If the avg surface temperature is -10 degC on a scale of weeks/months, then even a very low geothermal gradient would cause the rock to exceed the melting point of ice at roughly 0.5 km depth (that's a very conservative depth; real depth would probably be shallower).
sounds like grounds for further downgrading ;^)
i think i covered this topic with actual numbers not long ago. The comment "the actual financial and technological barriers are far lower" is complete BS. Putting a rocket launched vehicle into the vicinity of an asteroid is relatively easy and cheap. Putting the necessary equipment on an asteroid to extract and process material would not be cheap or simple. In addition, mining an asteroid would not be a matter of launching and parking 1 extra-terrestrial vehicle on a random asteroid. Not all asteroids are identical and mining a homogenous asteroid would be no more intelligent or economic than mining your backyard.
Then there's the part about making use of the mined material. What's the point of have a refined chunk of Pt a few million km's from Earth? I suspect it would be more intelligent and economic to mine iron or nickel from a random asteroid than Pt - but Pt sounds way more sexy so it gets trotted out for the easily enthralled public (since we all need the occasional distraction from the trumpian antic of the day - a concept crying for an acronym)
Pt is becoming just another commodity metal whose technological applications are being supplanted by other materials and technologies so anyone foisting asteroid mining on investors is more of a con-man than an investment visionary. Whoever wrote Armageddon wasnt in the same league as Jules Verne.
certainly not and there-in lies one of the reasons for my comment regarding EVs and the shorting thesis for the natural gas industry
edit: conversely, these guys https://en.wikipedia.org/wiki/Brilliant_Light_Power have been bilking people of money so long that it contradicts my argument about subsidies and bending thermodynamics not being interminable
True 'nuf. I think Tesla is a great company to short but its collapse is taking a while ;^) subsidies and bending thermodynamic realities can't last forever
Electric vehicles are a poor thesis for shorting the oil and gas industry - or at least the gas side. In the absence of growth in nuclear, coal, or hydroelectric industries natural gas will be the predominant fuel used to generate the electricity used in those electric vehicles. The idea that wind or solar could supplant natural gas to power those cars is delusional.
i have my doubts that the US will be a major player in LNG export. LNG terminals are being developed in places much closer to China and with a fraction of US costs, c.f.
http://www.ogfj.com/articles/print/volume-13/issue-8/departments/the-final-word/east-africa-s-lng-race.html
http://www.lngworldnews.com/category/news-by-topic/project-updates/
http://www.lngworldnews.com/igu-global-lng-trade-hits-new-peak-set-for-further-growth/
the advantage of US sourcing and facilities is stability.
and a chunk of the proceeds being used to buy out 2.2M shares at $5.50 from Advent Private Equity.
Since that entity doesnt show up as a major holder of common shares prior to 31March2017, would i be wrong in assuming that this was a warrant exchange?
rinos strike again
Bid to revoke Obama methane rule fails in surprise U.S. Senate vote
http://www.reuters.com/article/us-usa-congress-idUSKBN18620F
While McCain apparently encourages the administration to issue a new rule to attain the same effect, that will take at least 1 year so he's just blowing smoke to cover his ass.
Collins should be most embarassed because her constituents will suffer the largest increase in electricity rates.
that article is a bit off-base. I suspect most if not all of the Black Sea activity is for natural gas, not oil. As for fracking technology - some of SLB's fracking technology which has since migrated into HAL etc was developed in Russia so it's not like US sanctions suddenly rendered them ignorant.
according to this story Russia is cutting its oil production beyond the level of the OPEC agreement
http://www.reuters.com/article/us-oil-opec-russia-cuts-idUSKBN17Z11R
i dont think anybody associates the words accuracy and precision with numbers reported from Russia, China, or any OPEC country.
some of those comments are humorous (in unintended way) and strange
$62 seems kind of bold - especially this far along in the 'cycle'. I suspect he believes that the entry of companies like SLB, CHK, Ecolab, etc. into similar business areas as CLB's will put pressure on CLB's pricing. While that pricing pressure might appear, I'd be very surprised if it makes any difference. Customers of analytical data in the oil industry like continuity and consistency. While some CLB competitors may argue that they have greater competency, i've seen zero evidence that is true (at least for commercial analytical services; internal, self-serving analytical capabilities and competence are a different matter).
Einhorn may also be counting on cost-lowering resulting in producers doing less coring and related lab work relative to number of wells drilled. That may happen/have happened but Core Labs does a lot of business in the Middle East where they arent as sensitive to that kind of cost shaving. The fluids work will still get done and could conceivably become an even larger share of the business.