Author: Jim Ulvog

Other players in the Silk Road drug sales website face justice

Three more perps in the Silk Road website stood in front of the above and were awarded their well deserved earnings. Image courtesy of Adobe Stock.

Several other players in the Silk Road gun/explosive/drug/body part bazaar have worked their way through the U.S. justice system.

Some info on their involvement and current status follows after mentioning Mr. Ulbricht’s final appeal was denied.

Ross Ulbrickt

As an aside, the Cyberscoop article below points to the following:

6/28/18 – Reason – Sadly, Ross Ulbrickt’s Case Will Not Be Heard by the Supreme Court – His appeal was denied by the Supreme Court on 6/28/18. That is his last opportunity for an appeal.

Article raises the troublesome procedural question that the sentencing judge used allegations that were not proved in court to reach his decision. Specifically, the judge used allegations of the murder-for-hire schemes which were discussed but on which Mr. Ulbrickt was not convicted, according to his attorney’s comments in the appeal.

Apparently there were some warrant-less searches at issue, which the USSC did not take up.

Andrew Michael Jones, Gary Davis, Peter Phillip Nash

7/13/18 – Cyberscoop – Alleged Silk Road employee extradited from Ireland to U.S. – Gary Davis, allegedly a/k/a Libertas, is accused of being a high level administrator in Silk Road. Article links to previously sealed indictment which accused Andrew Michael Jones, a/k/a “Inigo”, Gary Davis, a/k/a “Libertas” and Peter Phillip Nash, allegedly who had four aliases. (Inigo? Seriously? What is the deal with all the slander of the all-time classic comedy Princess Bride?)

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Estimated value of oil production in North Dakota through October 2018

Photo by James Ulvog.

Production of oil in North Dakota has been shooting up. Prices have dropped recently. What does that look like in terms of the value of oil produced?

Multiplying the monthly production by the average sweet prices in the state results in the following estimated value of monthly production in the state:

 

There is a discount in sweet crude prices in the state compared to West Texas Intermediate due to transportation cost.  The prices realized in North Dakota are:

Continue reading “Estimated value of oil production in North Dakota through October 2018”

North Dakota oil production hits another record in September 2018 and again in October

Photo by James Ulvog.

Average production rose 5.2% in September 2018, hitting a new record, then rose another 2.4% in October for another record level. The production in October was just under 1.4 million bopd.

At the end of 2017, production was 1,182,836 ave bopd. In September average was 1,359,284 (final) and October was 1,391,877 (prelim).

Some production graphs – – –

Statewide and Bakken shale production has been trending up sharply.  Last winter’s lull is quite visible. The output curve is starting to take on the rapid growth angle visible back in 2012 and 2013.

 

For a longer term perspective, check out the average daily production since 1990:

Continue reading “North Dakota oil production hits another record in September 2018 and again in October”

Additional follow-up on former Secret Service agent’s theft from Silk Road dark web site

Primary mode of transportation to be used by major players in Silk Road drug bazaar for many years to come. Image courtesy of Adobe Stock.

While looking at the sentencing of former Secret Service agent Shaun W. Bridges I learned a few more details of what he was up to while looting hundreds of thousands of dollars worth of bitcoins.  His sentencing is one of the loose ends on my posts about the Silk Road dark web site where you could buy any drugs, body parts, contract hits, weapons, explosives, or fake identification that your heart desired.

Some tidbits from a few articles on his antics:

12/7/15 – SFGate – Ex-Secret Service agent gets prison in S.F.-based Silk Road case – Good summary of first case.  Sentenced 12/5/15 to 71 months, which is one month less than 6 years. Carl Force was sentenced on 10/19/15 to 6 1/2 years.

2/3/16 – Motherboard – Great Moments in Shaun Bridges, a Corrupt Silk Road Investigator – Article was written shortly after his re-arrest.

This guy had quite a career. Seriously. He was a successful hostage negotiator before joining Secret Service. He was on the Obama presidential protection detail and was a cyber currency expert while at the USSS.

Continue reading “Additional follow-up on former Secret Service agent’s theft from Silk Road dark web site”

More sentencing details on Silk Road dark web site – part 1

View of Mr. Bridges neighborhood for seven years. Image courtesy of Adobe Stock.

One more loose end on my reporting of the drug/body parts/contract hit/weapons/fake ID/explosives dark web site Silk Road:  sentencing for Shaun W. Bridges.

Update: After getting ready for followup to this post, I realized those are actually separate discussions. Thus, there will be no ‘part 2’ for this post.

He is the former Secret Service agent who, while assigned to the inter-agency task force investigating Silk Road, stole a large amount of bitcoins. He was sentenced to prison for 71 months.

The day before he was scheduled to report to prison he was trying to get out of the U.S. but was arrested for another theft of Bitcoins. He pled guilty and was sentenced to another 24 months, which the judge ordered to run consecutively.

He was also ordered to surrender 1,500 bitcoins, which were worth approximately $10.4 million at the time of his sentencing.

This post will discuss his sentencing. Next post will give some more background on his escapades which paid him a well-earned seven years in free federal housing.

I’ve previously walked through this exercise for Scott London and Keith Graves.

Release dates and actual time in prison

Continue reading “More sentencing details on Silk Road dark web site – part 1”

Silk Road perps. The last one has been extradicted and is awaiting trial.

Expected long-term housing arrangements for ‘Variety Jones.’ Image courtesy of Adobe Stock.

There are only a few loose ends on the massive on-line drug bazaar called Silk Road. Actually, you could buy weapons, human organs, explosives, and even a contract killing on the site along with any amount of any dope you have ever heard of.

Most of the players are in federal prison on long-term sentences.

Last time I checked, the remaining on-the-loose player was “Variety Jones.” He is now in custody, awaiting trial.

Continue reading “Silk Road perps. The last one has been extradicted and is awaiting trial.”

The work effort driving the record levels of oil production in North Dakota.

Previous post showed a graph of the new records of oil production in North Dakota in recent months.

Let’s look at the drilling and completion work driving the rising levels of production.

Keep in mind that the drastic improvements in productivity has decoupled the number of drilling rigs from the number of wells drilled.

Also keep in mind the ‘fracklog’, or the number of wells in the backlog of wells that have been drilled but not yet completed. In essence, wells are drilled and then left in inventory. When the expectations of prices are right and there are completion crews available, production companies can quickly complete a well and get it into production.

The number of drilling rigs in the field dropped dramatically during 2015. Since the fall of 2016, the count has slowly risen, with a noticeable pickup in the last five months:

 

The number of wells awaiting completion, the ‘fracklog’, has been increasing slightly over the last year but dropped over the last two months:

Continue reading “The work effort driving the record levels of oil production in North Dakota.”

Oil production in August 2018 for North Dakota hits another record level

In August the crude oil production in the state hit an average of 1,291,496 barrels of oil per day (bopd). As always, that is the preliminary tally, which will change when a few late reports arrive.

The record high before a several year slump was an average 1,229,572 bopd in December 2014.

In the last five months there have been three record highs with two months barely under the 12/14 record.

Here is my graph of production state-wide and Bakken only (including Sanish, Three Forks, and Bakken/Three Forks levels). Notice the steady increase over the last few months and a strong rise since winter of ‘16/’17.

 

For a far longer perspective, look at the average production data since 1990.  I like this graph because it shows a pattern of explosive growth from about 2008 through late-2014, a drop until around the end of 2017 and a rapid growth since then. The longer view:

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Cost and time to cross the Atlantic has dropped by more than 90% in the last 500 years.

Columbus’ Ships. Image courtesy of Adobe Stock.

Transatlantic travel time has dropped radically in the last 500 years.  Time to transit the Atlantic has dropped about 99% and cost has dropped about 95% by my calculations.

Let’s look at several data points for cost and time, then calculate one indicator of improved quality of life.

Human Progress provides fun data points on August 2, 2018 in their post, A Reminder of How Far Transatlantic Travel Has Come.

Update: An earlier post on November 27, 2015 discussed Time to cross the Atlantic – 500 year history.

Update: Added in travel time of Concorde at end of the post.

Columbus’ first trip

The 1492 trip by Christopher Columbus took two years of lobbying before the king and queen of Spain approved 2 million Spanish maravedis to fund the trip. A professor has calculated that would be comparable to about US$1,000,000 today.

The cost seems low to me. I’ll look at that more later.

Crew size was 87 according to this article. The accountant in me is driven to calculate the cost per crewman.  That would give an average cost of $11,494. I’ll round that to $11,500 and ignore any adjustment for several crew members who died on the trip.

His trip took two months, nine days, which I calculate at 70 days (30+31+9).

Mayflower

Mayflower. Image courtesy of Adobe Stock.

Continue reading “Cost and time to cross the Atlantic has dropped by more than 90% in the last 500 years.”

Oil production in May 2018 for North Dakota hits new record level

Multiple pumpjacks on a well pad is a normal thing in North Dakota. Photo by James Ulvog.

In May the crude oil production in the state hit an average of 1,244,629 barrels of oil per day (bopd). As always, that is the preliminary tally, which will change a bit over the next two months as a few late reports arrive.

That is 15,057 bopd higher than the previous record of 1,229,572 bopd in December 2014.

Here is my graph of production state-wide and Bakken only (including Sanish, Three Forks, and Bakken/Three Forks levels):

For a longer term perspective, here is the total monthly production since 1990:

Continue reading “Oil production in May 2018 for North Dakota hits new record level”

Value of monthly oil production in North Dakota through April 2018

Fourteen wells are on that pad, which is on the south side of Williston near the Missouri River. Photo by James Ulvog.

Previously discussed the near-record level of oil production in the state during April. Here is the graph of average daily production since 2004:

What is the value of that oil? Multiply those average daily production levels by days in the month and then multiply by the following average sweet crude prices in the state:

Continue reading “Value of monthly oil production in North Dakota through April 2018”

Oil production for April 2018 in North Dakota getting close to record level

There is space for more than 6 pumps on that site. Might be as many as a dozen when fully drilled. Photo by James Ulvog.

In April crude oil production in the state hit an average of 1,224,948 barrels of oil per day (bopd). That is the preliminary tally, which will change a bit in the next report as a few late reports arrive.

That is really close to the record high of an average 1,229,572 bopd in December 2014. Another 4,624 per day would get the state to a new record. That could be achieved for April by late reports from the field. Or, since production increased 42,112 bopd since December, the May data will likely break the record.

Here is my graph of production state-wide and Bakken only (including Sanish, Three Forks, and Bakken/Three Forks levels):

For more background, here is the total monthly production since 2004:

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Operating costs of military aircraft using reimbursement rates as an approximation

An F-16 Fighting Falcon joins in formation with a P-40 Warhawk (front), P-51 Mustang (bottom), and an F-86 Sabre (top) during the Heritage Flight Training Course March 2, 2014, over Davis-Monthan Air Force Base, Ariz.  (U.S Air Force photo/ Airman 1st Class Cheyenne Morigeau)

The Department of Defense has established reimbursement rates for the airplanes and helicopters in the military inventory. If I’m reading this right, these are the hourly rates for reimbursement when an aircraft or helicopter is loaned out.

This seems to be usable as an estimate for the operating costs of airplanes. I previously discussed Operating costs per hour for USAF planes. This post provides more detailed descriptions.

There are separate rates for loans to another US military organization, other federal agencies, and two other categories I don’t understand (FMS and All Other).

Sure would be fun to put together a tongue-in-cheek conversation for which these rates would be used (Short outline: British Defense Minister: “Say old chap, we’re putting together a strike in our little squabble and we’d like to borrow two flights of Strike Eagles and a half-dozen tankers for a couple of days. Can you do that and what’ll the tab be?” U.S. Secretary of Defense: “Sure, for you, no problem. Um, yeah, we have the resources available. Hold on a second while I look up the list price.”)

More seriously, I’m guessing this provides a simple way to calculate the dollar amount of assistance we provide our allies, say the French need air transport to land a brigade of troops in Africa to deal with a new round of shooting in a civil war, like in Mali or Central African Republic. Or, say we provide refueling for the superb fighters of our French and British allies while all three of us launch a coordinated air strike in Syria.

Anyone care to share your guesses on how these reimbursement rates would actually be used?

B-52D at March Field museum. Photo by James Ulvog.

Reimbursement rates

On a practical basis, this reimbursement table provides a frame of reference for the operating costs of U.S. airborne resources. The rates are broken out between operating and maintenance (O&M) and personnel costs (MilPers) on tab F2. That likely approximates the hourly operating costs and the hourly compensation for a standard crew.

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Volume and value of 2017 oil production in North Dakota

Notice all the empty space on that pad? Notice the disproportionately high number of storage tanks for the number of pumpjacks on site? One day there will be a lot more wells in operation. Photo by James Ulvog.

Before showing the average daily production, annual production, and value of that production, just a note on December 2017 production.

Average daily production dropped from 1,196,976 bopd (revised) in November to 1,181,319 bopd (preliminary) in December, a decline of 15,657 bopd, or 1.31%.

Here is what the average daily production by year looks like. Notice the recovery in 2017?

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