CRS6 launch. Photo by SpaceX. Used with permission.Blue Origin launch. Photo courtesy of Blue Origin. Used with permission.
Two follow ups on the previous post about the great news last week on space exploration. Competition in bragging rights heats up. Guesses on the cost for the successful launch of a commercial satellite by Japan.
What could possibly go wrong with giving a leader the power to fix all our problems? There is a great chance said leader will use that power to force people to fix things. You could wind up being told in microscopic detail every single thing you can do.
That would merely cost you your freedom and make you a serf.
In musical terms, that might be called, oh, perhaps something like Serfdom USA:
Here are two of the more interesting articles I’ve seen recently about the impact of low oil prices on drilling and production. Also another article speculating there will be no change in policy coming out of the OPEC meeting later this week.
11/19 – Wall Street Journal – Oil Producer Bankruptcies Keep Piling Up – the severe pressure of oil dropping from the average $93 in 2014 to something in the range of $50 this year is creating severe pressure. As you would fully expect, a number of weaker players have already filed for bankruptcy. More are expected.
Map of Mali. Image courtesy of DollarPhotoClub.com
A few articles I’ve seen on Mali and Central African Republic:
(Update: Oops. Title of post corrected. I dropped an “n”.)
11/28 – AP at Bismarck Tribune – Mortar attack on UN base in North Mali kills three, injures 20– An estimated six mortar rounds were fired at a UN base in Kidal, killing two UN peacekeepers and 1 contractor, with 20 people injured. The two soldiers were from Guinea.
Kidal is in the far northeast corner on the above map. The terrorist attack earlier in the month took place in the capital, Bamako, which is in the far southwest corner of the country.
Article reports the government has arrested two suspects allegedly involved in the November 20 hotel attack.
Central African Republic outline inset into a map of Africa over a white background. Image courtesy of DollarPhotoClub.com
Replica of a state-of-the-art warship in the 1800s. For a couple hundred years, this is the technology you would use to get across the ocean. Photo from San Diego Maritime Museum by James Ulvog.
Fifteen wells on one pad (15!) with room for another 15 wells. Drilling rig in background. Goal of OPEC is to shut down those wells. Photo by James Ulvog.
Doesn’t look like Saudi Arabia will be cutting back production anytime soon. Seems they want to keep crude prices low. Drillers are responding creatively to the price pressure.
10/2 – Bloomberg at Calgary Herald – Drillers taking it slow on shale wells in bid to squeeze out more oil – Drillers are intentionally slowing down initial output of shale wells. That is called choking back. Apparently this has the effect of keeping more frac sand in the ground instead of being flushed out with the high initial flow of oil. Article says drillers choking back are seeing higher total recoveries from their wells than other drillers.
In addition to increasing production, this defers some production to later, when prices are expected to be higher.
This also means that initial production amounts (IP) are not necessarily an indicator of the estimated ultimate production (EUP).
In addition, this suggests total production from Bakken and Eagle Ford won’t be dropping as quickly as you would expect by the drop in drilling rigs.
Finally, you can file this in the category of human ingenuity always increases production. Also, file this under Peak Oil Is Still Wrong.
11/8 – Financial Times – Saudi Arabia will not stop pumping to boost oil prices– Links to the paper indicate Saudi Arabia has no intentions of dropping their production. They intend to keep prices on the worldwide market very low.
Recovered first stage, which landed a mere 4 1/2 feet away from planned impact point. Photo courtesy of Blue Origin. Used with permission.
Lots of fun news in the past week about the wide open frontier of space exploration. Three huge developments are:
SpaceX landed a contract for a manned flight,
Blue Origin successfully recovered a first stage, and
Japan successfully launched a commercial satellite.
What I describe in this post is the reason I am so wildly optimistic about the future. The astounding progress here stands in stark contrast to the foolishness and ridiculousness we see dominate the news every hour of every day.
The absolute best news:
11/24 – New York Post – The new space race is a private-sector affair – Editorial celebrates Blue Origin successfully recovering a first stage, SpaceX has already flown several resupply missions to the International Space Station, and Boeing & Virgin Galactic are also in the game.
The more competitors, the better.
First stages can be recovered after launch:
Blue Origin launch. Photo courtesy of Blue Origin. Used with permission.
Check out all those wells. That is a huge pad. Photo by James Ulvog.
One thing that struck me during my September 2015 visit to Williston is the number of well pads with lots of pumps. Two years ago I was impressed by two or four pumps on one site. This trip, I noticed a lot of pads with 6 working pumps and lots of pads that were far too large for the one or two pumps in place. Obviously there are plans to put more wells on each of those pads.
Photo by James Ulvog.
The most amazing sight for me was a pad with 15 wells. Yes, 15. There are three in a row on the west side of the pad, six in a middle row, and six more in a row on the east. Will have several more shots of the site included in this post. The pad is at the end of a private road so all the pictures I have were taken from the nearby public roads.
Yet another slice-and-dice operation is moving toward approval in North Dakota. Interesting tidbits in the middle of articles about the project point out the infinitesimal fines for killing a bald or golden eagle. Conversation in two articles helps me understand why the potential fines for offing eagles aren’t stopping any wind turbine projects.
Why will the possible fines not stop any wind farm?
The cost is trivial, and that is assuming you even get caught and assuming you get prosecuted and assuming you actually get convicted.
11/18 – Bismarck Tribune – Rolette County wind farm approved – ND Public Service Commission approved the Rolette Power Development LLC to construct up to 59 slice-and-dicers with theoretical capacity of 100 MW at estimated cost of $175M. That is about $1.75M per turbine and an average 1.7MW per tower.
Those 6 wells in North Dakota will soon start pulling huge amounts of oil out of the ground. Twenty years ago it was impossible to reach that oil. Technological innovation makes oil recoverable that was previously untouchable. Photo by James Ulvog.
Innovation leading to technological advances creates wealth, improves health, and makes everyone better off. Some people in some places have been left behind by the dramatic economic improvements of the last two centuries. The best way to make life better for those folks is to continue innovating and make cheap, small, fast, highly economical tools and resources available to them.
The book as so many explanations and illustrations. I’d love to describe dozens of things that caught my eye. I will mention merely a few.
You will often see the foolish and erroneous statement that we only have X years of some resource left on the planet. When you look at the built-in calculation you see the presence of the silly fallacy of dividing known reserves by current consumption.
The reason that calculation is so foolish is it completely ignores exploration that finds new fields, innovation in recovering more resources, and economic changes that make it worthwhile to gather something that was uneconomical before.
Consider for a moment the idea that we are going to run out of oil because at current consumption rates will use up all the proven reserves in however many years. The formula is
proven reserves
divided by current consumption
equals years until we completely, totally exhaust all of that item on the entire planet
al-Qaeda attack on hotel in Bamako is over. Hostages are free.
11/20 – AP – Islamic Extremists Attack Hotel in Mali’s Capital– Militants, “Islamic extremists” is the AP’s approved word, attacked a luxury hotel in Bamako taking over a hundred people hostage. The Malian army quickly moved to take back the hotel. At the time the article was filed, the rescue efforts were still underway.
Interesting tidbit is the Malian army troops were being supported by US and French special forces. A quote from an official spokesman from the U.S. Africa Command said special forces are training the Mali troops.
Private space launch of privately developed rocket. Photo courtesy of SpaceX.
I am fascinated by the wide open frontiers in so many areas of life. We’re at the point where private enterprises are taking the lead in space exploration.
Here are several fascinating articles I’ve read recently on legislation to legalize space mining, how to colonize Mars, thumbsats (which are smaller than cubesats), and competition for launching GPS satellites.
Asteriod mining
11/13 – Jurist – Senate approved the bill to legalize space mining– Bill would be huge step in providing a legal framework for mining asteroids. This would not allow for ownership of asteroids, but would give a clear title to anyone who mined resources and removed them from the asteroid.
Each of those little spots of light brown is a well pad with 1 or 4 wells, with each well likely to produce around half a million barrels of oil. Two decades ago every drop of that oil was completely unrecoverable. Visual proof of the foolishness of Peak Oil. Photo by James Ulvog.
Remember that Peak oil doctrine states unequivocally that production peaks and then begins an irreversible, inevitable, unavoidable slide to zero. The curve of production inevitably follows a pattern that looks roughly comparable to a bell curve.
That means that by 2015 we should have already approached the point of very minimal oil production worldwide. Yesterday’s post described a century’s worth of failed predictions.
Where is production today? Umm…not exactly approaching zero.
Production is running so high in spite of collapse prices and in spite of increasing demand that there is a worldwide glut of crude. Having enough space to store all of the surplus oil is becoming an issue.
Here are just a few of the articles I have seen in the last week on point. This does not include another six or eight articles I’ve seen in the last month that make the same point.
