Exporting natural gas – A great idea

Exporting natural gas would have two major advantages, it seems to me.

First, it would stabilize prices in the U.S. and around the world by integrating markets that are not connected.

Second, by creating more demand for U.S. produced gas and stabilizing prices it would encourage more exploration and production here. That is important because exploration has dropped off because of the currently low prices. We should export gas if we want to create the incentives that will result in production of more gas.

Continue reading “Exporting natural gas – A great idea”

Free online courses – the education frontier is wide open

700 Free Online Courses from Top Universities

Your choice of video or audio in either iTunes or mp3 format. Tons of courses. Well, advertised at 700, but I didn’t try counting them.

Free.

If you want to learn it will cost your time.

Amazing.

The frontier is wide open in education.

How much water does it take to frack all the wells in Bakken for a year? Less than one day’s discharge from Garrison dam.

One of the worries about fracking is the humongous huge amount of water it takes to frack a well. Around 4,000,000 gallons for just one well. That’s more than I could drink in a lifetime.

Let’s put that in perspective. I mentioned this before here, but let’s take another look.

The Garrison dam at the end of Lake Sakakawea provides hydroelectric power. You can get some background info here.

Bruce Oksol provides some background at his post Water For Fracking In the Bakken.

His conclusion?

Less than a day’s worth of discharge from the Garrison Dam should be enough water to frack all the wells that will be fracked in the North Dakota Bakken this year.

I’ll backstop his calculations below, which confirm his calculation.

Continue reading “How much water does it take to frack all the wells in Bakken for a year? Less than one day’s discharge from Garrison dam.”

In 3 years, oil production in Oklahoma, New Mexico, Wyoming, Colorado and Utah is up 56% of North Dakota’s increase – Can we call that a half-Bakken?

Seems that oil production of a new find or the increase in a field is often compared to what’s going on in the Bakken. Haven’t seen others use Bakken as a unit of measure, but I’m having a kick doing so.

Story I’ve not been following is that horizontal drilling and fracking has increased production quite a bit in states other than North Dakota and Texas.

Continue reading “In 3 years, oil production in Oklahoma, New Mexico, Wyoming, Colorado and Utah is up 56% of North Dakota’s increase – Can we call that a half-Bakken?”

31 charts showing things are getting better and better

Check out the Business Insider set of graphs showing how much better things have gotten in the last few decades or the last century.

31 Charts That Will Restore your Faith In Humanity.

A few of my favorites: Continue reading “31 charts showing things are getting better and better”

“Life is like a piano. What you get out of it depends on how you play it.”

The quote is from Tom Lehrer. Yes, that guy, the funny one. The quote is discussed by Philosoblog at a post of the same name.

The point of the quote, and the discussion at Philosoblog, is that native skill counts on playing the piano, but long practice, focused effort, and doing the boring stuff, like finger drills and scales will pay off tremendously. There’s studying, practicing, and other dreary stuff in your field. You know what it is. 

Are you willing to do the drills and hard work to thrive and get a lot more out of life?

 

Update 6/24/15:  I recently bought a couple of Tom Lehrer’s albums. The actual line is a bit more earthly, but the point still stands.

The comment he attributed to a philosopher friend, right before he was taken away to the Massachusetts state home for the bewildered, was:

Life is like a sewer. What you get out of it depends on what you put into it.

With cell phone cameras everywhere, here is one proposal for how to balance freedom to record and the right to privacy

John Bredehoft ponders Striking the balance between freedom and privacy, and the other Empoprise rule

With almost everyone having a cell phone that can record video and audio, we need to work through the issue of balancing privacy right to *not* be recorded and the freedom to record things of interest.

As a society, we haven’t come to terms with that issue.

John has a suggestion: Continue reading “With cell phone cameras everywhere, here is one proposal for how to balance freedom to record and the right to privacy”

Superb background on Bakken – an industry not a boom

“This is an industry, not a boom.”

“It is going to last for a very long time!”

Million Dollar Way pointed out this great Powerpoint slide from Williston Economic Development on what’s going on in Bakken. Tom Rolfstad is the director.

If you are following the new frontier of energy on my blog, you will want to check out this presentation. It’s superb. Great points that are told without a speaker:

Continue reading “Superb background on Bakken – an industry not a boom”