Jim Ulvog – Page 28 – Outrun Change

Scratching my head at the geopolitical impact of fracking

That little ol’ thing, along with 500 similar contraptions, is changing the world of oil production. Photo by James Ulvog.

Looks like we are in the midst of radical change in regional and world politics caused by the technological revolution in oil and gas production. I keep trying to wrap my little brain around what is going on. Here are a few articles that may stretch your brain too.

Brain stretcher on the shift in geopolitics due to increased US oil production
Speculation why the Saudi government’s plan to re-engineer their country’s economy isn’t going to work
Three articles on the rapidly increased US shale production undercutting the OPEC production cut

3/12/17 – PJ Media – The Problem of Success – Article raises the unsettling idea that nobody has figured out the impact of dramatically increased production in the US.

Neither the previous US administration, the current US administration, leadership in Saudi Arabia, leadership elsewhere in the Middle East, nor even pundits for that matter, have figured out how geopolitics will change as Saudi Arabia loses its role as dominant oil producer and the decentralized American drillers gain the swing producer role.

It stretches my brain even to understand there is an issue.

American frackers used the dramatic run up in oil prices to $100 as an opportunity to figure out how to frack oil where it could never have been touched before. They then used the collapse in prices as an opportunity to figure out how to frack far more efficiently, far more effectively, with far higher production output from every well. As a result, the break-even price for U.S. shale has shrunk.

The vast network of independent producers are responding to price changes far faster than OPEC could handle or the majors could ever dream of. Prices go up somewhat and in about three months US production is surging.

Continue reading “Scratching my head at the geopolitical impact of fracking”

What Peak Oil? I’m having trouble keeping up with all the billion barrel finds.

15 wells on 1 pad. Notice a drilling rig on right edge of view. September 2015 photo by James Ulvog.

Yeah, I’m still new to this effort of watching the energy field. One of the things that still amazes me is the frequency with which the geology wizards find another billion or so barrels of recoverable oil that ‘we’ didn’t know about and a decade ago couldn’t get out of the ground profitably even if the wizards had known for sure it was there.

3/9/17 – E&P – Repsol, Armstrong Strike Big Oil Find in Alaska’s North Slope – The two companies announced a find in the Nanushuk Play with 1.2 billion barrels of recoverable oil. Two wells confirm the find.

First production is expected in 2021, four years from now. Production level expected to hit 120,000 bopd, or 43.8M barrels a year.

Oh, what Peak Oil?

By the way, I’m having a hard time keeping track of all these massive new finds of oil which either nobody knew about a decade ago or it would have been technically impossible to ever get any of it out of the ground.

Continue reading “What Peak Oil? I’m having trouble keeping up with all the billion barrel finds.”

Summary of accomplishments and plans for SpaceX and Blue Origin. Gotta’ love that competition!

Successful recovery of Falcon 9 booster during CRS-10 mission. Credit Flickr. Courtesy of SpaceX who has placed their photos in the public domain.

Found an article that summarizes accomplishments and plans for SpaceX and Blue Origin, the space exploration companies of Elon Musk and Jeff Bezos, respectively.

Check out Mike Wall at Space.com on 3/13/17: To the Moon! The Musk-Bezos Billionaire Space Rivalry Just Reached New Heights.

Here are many of the key achievements and targets for both companies. I sorted and regrouped the items that drew my interest. As you consider the list, you can see both companies are making rapid progress. The competition is getting serious.

By the way, if the Space.com article and my little summary here does not satisfy your appetite for learning what is going on in space, you really, really need to check out Capitalism in Space: Private Enterprise and Competition Reshape the Global Aerospace Launch Industry, by Robert Zimmerman, available in PDF format for free at Behind the Black. I am about half way through the paper. It is superb.

First steps

SpaceX:

12/15 – successfully recover Falcon 9
Through 3/17 – have now successfully recovered a Falcon 9 lift vehicle eight times; 3 on land and 5 on drone ships at sea
3/17 – planned first time reuse of Falcon 9 for launch of SES 10 satellite

Blue Origin:

11/15 – successfully recover New Shepard
Late 2016 – retired a New Shepard booster after it was successfully recovered 4 times

Heavy lift

Continue reading “Summary of accomplishments and plans for SpaceX and Blue Origin. Gotta’ love that competition!”

Speaking of competition in space, Blue Origin books 6 launches for 2 customers

Illustration of reusable New Glenn lift vehicle from Blue Origin with 3.85M pounds thrust. Credit Blue Origin.

In Behind the Black’s favorite phrase, the competition heats up. Check out the news just this week for Blue Origin becoming a very serious player.

3/7 – Florida Today Blue Origin books first New Glenn launch contract – Eutelsat Communications has booked the first launch on the New Glenn rocket from Blue Origin. First launch is expected in 2021 or 2022, which is only four or five years away.

Continue reading “Speaking of competition in space, Blue Origin books 6 launches for 2 customers”

Even more competition in the wide open frontier of private space exploration

Most of the current competitors, with a Saturn V for comparison. Illustration courtesy of Blue Origin.

I am astounded at the number of companies taking on the challenge to explore space. It’s staggering to see the innovation emerging.

Check out the number of competitors that are in the game. That is fantastic. The more companies pushing to figure out how to get in space and provide commercially attractive service at a profit, the harder everyone else will push for progress. Good.

Check out that awesome graphic at the top of the page. Lots of thanks and all the credit to Blue Origin. I’ve been looking for something like that visual for a long time. Yeah, you will be seeing it again and again on my blog.

Check out what some of the competitors are doing. This is what I’ve noticed in just the last few weeks:

2/27 – Space.com – SpaceX to Fly Passengers on Private Trip Around the Moon in 2018 – How does this sound for a great schedule?

Continue reading “Even more competition in the wide open frontier of private space exploration”

Brainstretchers from the open frontier of space

Falcon 9 and Dragon capsule launch. Add two more boosters, an upgraded Dragon 2 capsule, and imagine what could be done. Credit Flickr. Courtesy of SpaceX who has placed their photos in the public domain.

Here’s two articles that stretch the brain:

United Arab Emirates has a goal to establish an inhabited settlement on Mars by 2117 – Such an idea is no longer ridiculous. Ten years ago it would have been foolish; today, it is quite plausible.
A concept of how the moon could be occupied within four years – this is also not a silly idea anymore.

2/20 – Leonard David’s Inside Outer Space – UAE’s March to Mars – The United Arab Emirates plans to have an inhabited settlement on Mars by 2117.

In all seriousness, I say go for it!

They are recruiting a cadre of research scientists for an international team. They plan to launch an orbiter to study the planet more closely. They want to develop a faster transport system. They are already designing a city, which will be robot-built, presumably to be near-inhabitable by the time humans arrive.

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More on the frontier of military technology

Several intriguing articles on military forces using technology:

ISIS using larger drones with larger payloads
Marine Corps wants to experiment with giving an entire battalion suppressors for all their weapons
Pakistan developing second strike capability by putting nuke loaded cruise missiles on diesel subs
Lots of jobs in the US military will be replaced by robots

2/21 – Washington Post – Use of weaponized drones by ISIS spurs terrorism fears – In Iraq, Islamic State is working with drones above the quadcopter size. With wingspans of about 6 feet, the drone can carry a mortar round at about three pounds instead of a hand grenade.

IS has posted videos of multiple uses of the drones to drop explosives. The frequency of offensive use of the drones is high enough that Iraqi troops must scan the ~~scan~~ sky for drones and take cover when one is spotted.

Captured documents indicate IS is doing research to develop new drones and modify off-the-shelf versions.

This is a significant step up from my previous discussion of ISIS’ drone usage. On January 30, I mentioned:

Continue reading “More on the frontier of military technology”

Amazing news from the open frontier of space

Liftoff of CRS-10 mssion. NIce view of Falcon 9, Dragon capsule, and location of solar arrays on third stage. Credit Flickr. Courtesy of SpaceX who has placed their photos in the public domain. — Liftoff of CRS-10 mission. Nice view of Falcon 9, Dragon capsule, and location of solar arrays on third stage. Credit Flickr. Courtesy of SpaceX who has placed their photos in the public domain.

The wide open frontier of space exploration fascinates me:

An asteroid 124 miles in diameter is richer in minerals that what we have here on earth – picture the value of those resources for building space ships in space
Five teams from the private sector are in the race to get a team on the moon
ULA trimming work force – trying to gain price competitiveness?
India launches 104 satellites from one booster

1/17 – Daily Star – NASA to explore space rock worth so much money it would DESTROY world economy – Ignore the hyperventilating headline.

The underlying substance is of interest. NASA has a 2023 launch scheduled for a probe that will check out asteroid Psyche, which is sitting in the asteroid belt between Mars and Jupiter. It is about 200 kilometers across, or about 124 miles in diameter.

Asteroid Psyche is rich in minerals. How rich? If it all could be brought back to earth and sold at current market prices, it might have something in the range of $10,000 quadrillion of minerals. This is compared to a world economy with $73.7 trillion of production.

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Suffering gets worse in Venezuela

Shipwreck standing on the beach with the sea in the background. Margarita Island. Venezuela. Photo courtesy of DollarPhotoClub.com

Still more indications the humanitarian crisis continues to deepen:

People killing wild animals just to get a little meat on the table
Government can’t even issue passports
Use the “Maduro diet”, lose 19 pounds in a year

2/10 – Fox News – Venezuelans killing flamingos and anteaters to stave off hunger amid mounting food crisis – Researchers for a university have found 20 flamingo carcasses, each with the breast meat and torso removed. Carcasses of dogs, cats, donkeys, and giant anteaters have been discovered at city dumps. That illustrates the desperation so many people experience in trying to find meet for their diet.

Experts point out those wild animals can carry lots of little nasties that can hurt humans.

Article explains the severity of inflation by providing some data points. Here is what you can buy for half of the minimum wage for an entire month:

Continue reading “Suffering gets worse in Venezuela”

Another successful launch and recovery for SpaceX’s Falcon 9

Just watched the recovery of a Falcon 9 booster. I missed the launch. Very cool video from the on-board camera as the booster descended through a cloud bank and landed dead center on the pad.

This mission, CRS-10, will deliver over 5,000 pounds of supplies to the International Space Station. Two really cool things. First, a private company providing supply runs to ISS is a thing. Second, it is almost routine to recover the first stage.

Liftoff of Falcon 9 and Dragon capsule on CRS-10 mission. Credit Flickr. Courtesy of SpaceX who has placed their photos in the public domain.

Continue reading “Another successful launch and recovery for SpaceX’s Falcon 9”

Mali and Central African Republic update – 2/17

Turmoil continues in Mali. A few recent articles I noticed:

European Union decides to keep their troops in the fight
Another round of retaliation for retaliation
Five countries will add troops to the counter-terrorism efforts in the Sahel

1/19/17 – Strategy Page – Mali; Europe Agrees to Stay and Fight – European Union has decided to keep 500 military trainers in Mali to provide ongoing training to officers and NCOs for the long-term. Article says it takes a decade to professionalize a military force. Corruption is so endemic in Mali and other African countries (I will make a guess same concept applies in Asia and South America as well) that it takes that long to train officers and the NCO cadre to avoid corruption.

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Updates on continuing suffering in Venezuela – #20

Venezuela doesn't have enough money to get tankers out to international waters. Image courtesy of Adobe Stock. — Venezuela doesn’t have enough money to scrub down hulls of tankers so they can enter international waters. Image courtesy of Adobe Stock.

The suffering continues without a break. One of the more ominous articles describes that Venezuela is so short of currency that the national oil company cannot afford to scrub down the hull of oil tankers, which is required before they enter international waters – the country cannot even get the oil in those loaded tankers to market.

1/6 – Wall Street Journal – Venezuela Tees Up Its Next Dictator – The Venezuelan president faces a recall election this year. It looks like in anticipation of losing the election, a new vice president has been appointed. Under the country’s rules, if the president lost a recall before the end of 2016, there would have been a new election. If he is voted out after the first of 2017, the VP will take over.

The editorial points out the new VP will likely continue the present policies. He was previously a follower of the previous president. WSJ reporting indicates while the new VP was governor of a state, there were two Iranian companies (owned by the Iranian military) who had joint ventures with military in that state. More info in the editorial pointing to the new guy won’t be a change in direction.

Thus the opposition needs to decide which dictator they wish to rule them.

1/9 – International Business Times – Nicolas Maduro raises minimum wage in Venezuela by 50% – Continue reading “Updates on continuing suffering in Venezuela – #20”

Uh oh. Trouble with clocks on European and Indian navigation satellites

Modern GPS satellite. Image courtesy of Adobe Stock.

Trouble brewing with the clocks on navigation satellites. I previously mentioned this on 1/24:

1/18 – BBC News – Galileo satellites experiencing multiple clock failures – The EU’s satellite navigation system, called Galileo, is having trouble.

Purpose of system is so European users won’t be vulnerable to accuracy degrades by the US, Russian, or Chinese GPS constellations, should any of those players wish to do so.

There will be 24 satellites in the system when fully deployed, plus a few extra for spares. Currently 18 are in orbit. One is close to complete failure for some other reason.

Now there is a problem with failing clocks.

Each satellite has four atomic clocks, two rubidium and two hydrogen maser. Those give accuracy to within one second per three million years. That level of accuracy is needed to get the most precise location data.

Nine of the hyper accurate clocks have failed in orbit. One sat has 2 failures. That means 8 sats have lost one or more clocks.

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Deep background on disruption in music and publishing. Up next? Hollywood.

Does the graph remind you of the newspaper and music industry? Image courtesy of Adobe Stock.

Several articles provide an in-depth view of the disruption taking place in several industries due to the IT revolution.

Hollywood is ripe for the same creative destruction we’ve seen in music, newspapers, and publishing.
New York Times is shrinking their physical space and staff size
Prime time TV still having a rough time

The question to ponder in the back of your mind is what are you going to do when this wave of disruption overturns your industry?

January 2017 – Vanity Fair – Why Hollywood As We Know It is Already Over – Looking for a good article on how technology is going to do to Hollywood what IT has already done to music and publishing? If so, this is what you’ve been looking for.

Check out the article to help understand the massive change surrounding us.

Disruption of music industry

First, music and newspapers. The author saw his first indication the music industry would collapse when he started downloading music. Instead of driving to a store somewhere and spending $20 to get one song he wanted, he could spend a buck and get the song immediately.

Author says the music industry has shrunk by half in the last decade. Remember that is after the first round of disruption hit.

Disruption of newspapers

Next were the newspapers. For a long time, the web part of the New York Times was physically separate from the headquarters. “Banished” is the word the author used. At the same time, startups like Instapundit (yeah Professor Reynolds!) and DailyKos were figuring out how to blog. Then WordPress and Tumblr allowed anyone on the planet to start blogging, and doing so for free.

Author says a lot of people didn’t want to wander over to a newsstand and buy a whole newspaper or magazine when instead they could read the single article they wanted, online, for free.

To illustrate the concept, I’ve never bought a copy of Vanity Fair and doubt I ever will. I certainly didn’t drive over to Barnes & Noble to buy the current edition so I could read this article. A blogger I read (see above!) mentioned it and I clicked over.

The end result of the loss in audience?

Continue reading “Deep background on disruption in music and publishing. Up next? Hollywood.”

Increasing employment in Bakken?

Workover rig, immediately north of Williston. Photo by James Ulvog.

Update: Greetings to readers arriving from The Million Dollar Way! Enjoy! Oh, by the way MDW, you are very welcome. For other readers, if you enjoy my writing on energy in general, Bakken in particular, and the wide open frontier of the energy revolution, somewhere around one-quarter of the credit for what I know goes to the learning provided by MDW.

I’ll make a guess we will be hearing lots more stories of hiring in Bakken. Some recent articles:

Two articles on oil companies hiring fracking crews
Scuttlebutt is staffing shortages to develop
Two articles on Target Logistics converting crew camp into hotel

12/29 – Grand Forks Herald at Dickinson press – Oil companies hiring fracking crews in Bakken – Job Service North Dakota said there are 60 companies wanting to staff up fracking crews. Each crew will need between 45 and 65 workers, so that something in the range of 300 or 350 jobs in the new year.

Let’s extend that out. The Million Dollar Way helps us in a post asking Worker Shortage Looming In The Bakken on 12/30.

It takes about two or three days to frack a well. Assume two wells per crew per week. That would be 12 wells a week for 6 crews, or somewhere around 48 wells in a four-week month. Keep in mind that’s on top of whatever fracking crews are in the field now.

Continue reading “Increasing employment in Bakken?”