Jim Ulvog – Page 20 – Outrun Change

Goal of weekend arrests in Saudi Arabia is getting clearer

Flag of Saudi Arabia. Image courtesy of Adobe Stock.

The purpose of dozens of arrests on Saturday in Saudi Arabia is becoming clearer. It was not a coup attempt and not a counter-coup. Picture now emerging is of a purge, removing opposition.

For more background, check out post from Saturday night.

11/5/17 – Associated Press – Billionaire prince among dozens arrested in Saudi sweep – Article categorizes the arrests as a power consolidation, removing dissenting voices.

Article says Saudi Arabia was, up until this point, ruled by consensus with the king having final authority on decisions.

Article also says unnamed analysts have explained that the senior level princes were untouchable up until now, meaning they didn’t worry about having to follow the law.

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Counter coup, or power consolidation, or something else going on in Saudi Arabia

Looks like a coup. Oh, wait. A coup is when the out-of-power people toss out the in-power people. This is a case of the in-power people deposing a bunch of other in-power people because, um, I don’t know.

Maybe it is power consolidation. Maybe it is a counter-coup. Maybe I don’t have any idea what it is and neither does anyone else with a byline. Another option is purge.

11/4/17 – Wall Street Journal – Saudi Princes, Former Ministers Arrested in Apparent Power Consolidation – At least ten senior princes and over 20 (per article) cabinet members were arrested on corruption charges Saturday night.

One was Prince al-Waleed bin Talal, a billionaire, prominent investor in U.S., and often an interviewee on US TV business shows.

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Ethical failures by NCAA and UNC Chapel Hill. Illustration of the phrase ‘auditing with your eyes closed.’

UNC Chapel Hill – “Midnight Old Well” by is licensed under CC BY 2.0

As mentioned in previous post, articles keep popping up on the systemic academic fraud at UNC Chapel Hill. Trying to hold my posts to under a thousand words each means there need to be multiple updates.

Reporter says the UNC scheme was widely known
UNC grad, class of ’92, explains the reason UNC claimed as legitimate classes they previously confessed were fraudulent. Also says this fiasco shows him the UNC leadership chose money over honor.

10/13/17 – Duke Basketball Report at SB Nation – A Pitiful Victory – Article goes over a long list of warning signs of systemic cheating and fraud at UNC. After most of the points, the writer makes some comment along the lines of they knew, or we knew, meaning there was common knowledge of cheating.

Apparently there was a massive scandal at UNC back in the ‘60s and the school made a strong commitment to play clean. Article shows that commitment to integrity only lasted until somewhere around 1990.

Author says the rest of the ACC, and maybe everyone in college sports, should be upset with the lying and cheating. I agree. The NCAA isn’t able to find anything in the rule book to say academic and athletic fraud is actually punishable. (Next article says they removed from their rulebook the rule that said academic fraud is punishable.)

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Update on Chinese space vehicles

Saturn V rocket, loaded for the moon. China is developing the Long March 9 which will have comparable lift capacity. Image courtesy of Adobe Stock.

A few fun articles on the Chinese space program.

10/15/17 – Behind the Black – China’s first test space station, Tiangong-1, is out-of-control – The Chinese space agency said they have lost control over the “Heavenly Palace” space station. Its orbit is decaying and it will likely reenter the atmosphere and burn up in the next several months. Most of the station will burn, but there will likely be chunks as large as 200 pounds hit the ground.

(Hat tip to Behind the Black for the next two articles.)

10/18/17 – GB Times – China’s Tiangong-1 space lab will soon reenter the atmosphere, but there’s no need to panic – Disclosed reason for the “Heavenly Place” space lab not being able to maintain orbit is a battery charger failed, thus meaning the batteries couldn’t be charged.

Current guess is perhaps the last half of January for reentry into atmosphere, where most of the 8.4 ton spaceship will burn up.

10/17/17 – GB Times – China progressing with work on new medium, heavy, and super-heavy Long March launch vehicles – Articles says China is working on several new rocket designs.

New models include the Long March 8 and Long March 9. Some stats:

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More on the UNC fiasco and the FBI’s recruiting investigation

“bell tower” by zach_mullen is licensed under CC BY-ND 2.0

I was planning to wait a while before talking some more about the UNC academic/athletic fiasco and the NCAA’s toothlessness, but articles just keep popping up that grab my attention:

UNC gave opposite stories to its accrediting agency and the NCAA
One of the head coaches implicated in the major FBI investigation was fired

10/20/17 – The News & Observer – How UNC changed its story-and lost its voice in college sports – Apparently UNC had a reputation of ethical behavior in its athletic programs before the current systemic academic & athletic fraud developed. That reputation is now gone.

The current administration addressed the academic fraud with the accrediting agency and accepted responsibility. An internal investigation concluded the purpose of the fake courses was to keep athletes academically eligible for participation. The University drew a one year academic probation.

Article provides quotes saying that the University accepted responsibility, identified the courses as wrongdoing, admitting the courses were frauds, acknowledging the scheme was running for a long time, and agreed that more than two people were involved.

And then came the NCAA investigation…

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The last pieces of democracy slip away in Venezuela

The Venezuelan government has made its choice. Will that choice stand? Image courtesy of Adobe Stock.

The elections in Venezuela were stacked.

Oh, by the way, what economic system produced this human suffering? What political system produced this all-but-in-name dictatorship?

Hints of the fraud before the election.
In spite of polling and expectations, a mere 5 opposition candidates won a governorship.
Oh, the few in the opposition who won are denied their position; initial reports said that government hacks were sworn into office instead.
Four of the five opposition governors actually sworn in.

10/15/17 – Wall Street Journal – Venezuela’s Latest Election Fraud – More details on how the election results were cooked. Reporter describes more details on manipulation.

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More details on Venezuela’s upcoming bond payments

Found an article giving more details on the Venezuelan bond payments at risk. Particular item of note is the breakout of principal and interest.

Oh, the five opposition governors were actually sworn in.

10/25/17 – ZeroHedge – The Time Has Come: Venezuela May Be In Default In Under 48 Hours – Venezuela skipped two more coupon payments over the weekend, for another $237M, making a cumulative $586M of missed coupons for a week.

Tables in article are detailed enough that it takes a while to understand. If I get it, this is the P&I due in near future, with the breakout between principal and interest on the two big payments:

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Default watch on Venezuelan bonds

Venezuela is in danger of defaulting on bond payments in the next few weeks.

10/17/17 – Miami Herald – Maduro faces financial nightmare in Venezuela – just in time for Halloween – The government has bond payments of $1B due on 10/27 and $1.2B due on 11/2. Total due in next six weeks, which would be the end of November, is a total of $3.53B. Both S&P and Fitch are rating Venezuela as having a high probability to default within 6 months.

Here some more of the detailed numbers:

10/20/17 – CNBC – Venezuela is blowing debt payments ahead of a huge, make-or-break bill – Here is a schedule of upcoming required bond payments:

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Why is it necessary to have a nuclear defense?

After reading my post on Nuclear launch protocol and timing, you may be wondering why the United States built these,

Minuteman II on static display at March Air Base Museum. Photo by James Ulvog.

and why we built 550, 450, and 50 of these,

Minuteman II, Minuteman III, Peacekeaper ICBMs on display at Warren AFB. “Ywwrn_1b” by gvgoebel is licensed under CC BY-SA 2.0

as well as why we had 1,000 of these spread across the country for several decades:

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More tidbits from the technology revolution

Fun articles on technology change that caught my interest over the last few months:

Yes, your color printer may very well be marking every printed page as belonging to you
Not only are land lines disappearing, growing number of people won’t answer the doorbell unless you text first
Dropping oil prices are a worry for central bankers, even as that saves consumers bunches of money
Amazon is developing its own delivery system
IBM has fewer employees in the US than in India
Google drew a multi-billion dollar fine from the EU

6/7/17 – BBC – Why printers add secret tracking dots – A large portion of color laser printers add tiny yellow dots to the page in order to allow tracking of which specific printer was used to print a specific page.

This is handy for criminal or espionage investigations. A particular leaking case is in the news, with the perpetrator having been found using microdots.

Might be handy for tracking down whistle blowers.

The espionage angle isn’t of interest to anyone reading my blog.

If you every want to keep something you print really private, you might want to pay attention.

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More economic and environmental fails from wind energy

Still about 4 or 5 miles away from the turbines. Many of the towers are visible from highway 2. Photo of wind turbines north of Tioga, N.D. by James Ulvog

The bad news from slicer-and-dicers just keeps rolling in.

Article describes lack of CO2 benefit while running up cost of electricity in Minnesota
Description of environmental cost of building a wind tower

10/15/17 – Powerline – “Green” Energy Fails Every Test – Minnesota is touted as a model of green energy. With around $15 billion poured into wind power, the state is a good example of the damage from green.

More wind is produced in spring and fall, which does not correlate to when more electricity is needed, which is summer and winter.

So how has that $15,000,000,000 dumped into bird chopping turbines turned out?

CO2 emissions from the state, according to a new study, have only declined slightly. The drop during 2 years was due to an accident that took a coal plant off-line. Other than that, the drop is CO2 has been minor; nothing like what was supposed to happen with all that wind power.

Main reason is wind is very unreliable. When those slice-and-dicers aren’t producing, the energy comes from backup coal plants. So when there is little wind and high demand in the summer and winter, where does the extra electricity come from?

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Venezuela continues to collapse

Oil platform in Venezuela. A view of what used to be and could have been now. Image courtesy of Adobe Stock.

The bad news from Venezuela just doesn’t stop:

Protests have stopped because of lost hope
Professionals become prostitutes just to get enough food to keep the family life
Elections for state governors finally to be held on Sunday
Former executive of Brazilian construction company admits to paying $35 million to Venezuelan president’s election campaign
Guess on inflation rate for 2018 is over 2,300%

8/31/17 – Wall Street Journal – “Hope Is Gone” as Venezuelan Protesters Vanish From Streets – The protests have faded away. The ongoing massive arrests, torture of detainees, widespread human-rights abuses, and frequent shootings seem to have broken the protest movement. A number of senior leaders of the opposition have fled the country in fear for their life. Reports indicate 125 people have been killed and somewhere around 2000 have been wounded, with many of those people with permanent injuries.

One outside observer, who is safe because he is an American living in the United States, observers the president has gained effective control of the entire government. I think if we look at the typical definitions that makes him a dictator.

In the meantime the oppressed people of the country continue to scramble for food, trying to find enough so they don’t starve to death.

9/22/17 – Miami Herald – In Venezuela, they were teachers and doctors. To buy food, they became prostitutes. – A large portion of the prostitutes in Columbia are women who escaped Venezuela. Before transitioning to the world’s oldest profession, many of them were teachers, doctors, professional women. One brothel even has a petroleum engineer.

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UNC Chapel Hill evades any sanctions from NCAA for academic and athletic fraud scheme that ran for 18 years.

UNC Chapel Hill bell tower. Image courtesy of Adobe Stock.

The NCAA announced it will not impose sanctions on UNC Chapel Hill men’s and women’s basketball program for a systemic academic fraud that offered about 200 different “paper courses” over a two decade timeframe.

The NCAA acknowledges that from 1989 through 2011 around 6,000 students were in those courses. The NCAA acknowledges for these courses minimal attendance was required, faculty helped with papers, and the grading was quite loose. An internal investigation found 3,100 students took a paper course during a specific 9 year timeframe, with somewhere around half of those enrolled being student athletes.

The reason UNC walks?

Non-athletes participated in the paper courses.

Since the known and admitted fraudulent courses weren’t used to benefit only athletes, the NCAA concluded the scheme does not violate their rules.

Seriously.

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Additional graphs of North Dakota oil production in August 2017

Notice the large size of the nearest pad in relation to the wells in place and the number of storage tanks. There will be many more wells on that pad when it is finished. Photo by James Ulvog.

Here are more views of crude oil production in August. Previous post mentions the output hit 1.087M bopd in the month.

The 10/10/17 Director’s Cut says the DMR thinks the daily count of drilling rigs will drop if WTI goes below $45 for over 30 days. If WTI is above $55 for over 90 days, the rig count will increase.

That suggests price stability in the range of $45 to $55 will keep the rig count around the current level of 57.

The rig count has been in the high 50s for the last few months. It seems to have stabilized since spring 2017 and is up substantially from the low. Remember that the rig count today does not compare to the rig count a few years ago because drilling rigs today are far more productive than just two years ago.

Here is the view of monthly rig count:

What is the value of the crude produced at the average sweet price in the state? Check it out:

Continue reading “Additional graphs of North Dakota oil production in August 2017”

Author: Jim Ulvog