We need to learn quickly to keep up with the massive change around us so we don't get run over. We need to outrun change.
Time to start accumulating predictions for long-term production of crude oil in North Dakota with the huge drop in oil prices during 2015.
Here’s the first data point:
Continue reading “First guess on long term Bakken production”
An update on the number of drilling rigs in the state and several posts on Bruce Oksol’s current visit to Williston.
Here is a recap of the North Dakota rig count, all from Million Dollar Way. Some older data repeated for recent context: Continue reading “General update on Williston and Bakken – 9/10”
Here are a few articles on the status of legalized marijuana in Colorado. Remember I’m following this issue to see what impact heavy-handed regulation has on a newly legalized industry. Two recent articles and an older one I just found.
8/11 – AP at Bismarck Tribune – Colorado may ban ‘candy’ name on marijuana treats – The state government has proposals out that would require better disclosure that an edible product contains THC. A red stop sign with the letters THC would be required on the label. Candy type items won’t be labeled as candy. Liquids would only be produced in single serving containers.
6/6 – Newsweek – The Unexpected Side Effects of Legalizing Weed – Article labels as unexpected a number of side effects from legalizing recreational use of marijuana in Colorado.
Mail delivery slowing down in the U.S.
Inflation accelerating in Venezuela. (Cross-posted from my other blog, Attestation Update.)
Slowing mail delivery is not just in your imagination….
8/26 – Washington Post – Post Office can’t even meet its own lower standards as late mail soars – The Post Office reduced its goals for delivery time on first class mail. Now an internal report shows a 50% jump in late delivery during 2015 even with the more lax standard. Continue reading “The downside of government services. Postal delivery slowing. Hyperinflation.”
Yet one more illustration of why regulatory agencies need to be fully staffed – employers who rip off their employees…
A person who owns 15 hotels in North Dakota agreed to settle a federal lawsuit claiming he cheated at least 192 employees out of overtime pay and didn’t pay some of them a minimum wage. He apparently is not hurting for money since he paid up $122,871 in back wages and $61,436 in penalties a mere four days after the judgment was issued.
Continue reading “The dark side of life…wage theft…nuclear proliferation”
Two federal law enforcement officers have now entered guilty pleas to charges they stole bitcoins from the Silk Road site while they were part of the investigation of the site.
Other articles on Silk Road and the we-don’t-have-to-say-allegedly corrupt federal agents can be seen on the tag worlds far away I will never visit.
The Department of Justice announced the second agent’s plea on August 31: Former Secret Service Agent Pleads Guilty To Money Laundering And Obstruction.
DoJ said the agent pled guilty to the two felony charges brought against him: Continue reading “Second federal agent pleads guilty to stealing bitcoins from Silk Road”
A few of many articles on drones that caught my eye: precision of military drone strikes and possible weaponization of drones by law enforcement in North Dakota.
The second and third articles I’ll mention have a visible bias and agenda. Do I also have multiple biases and agendas?
You better believe I do. Read any five consecutive blog posts and you will quickly see my point of view.
The difference between those articles and this blog is that I’m not pretending to be objective.
8/27 – Wall Street Journal – Hacker Killed by Drone Was ‘Secret Weapon’ – This cyberwar stuff is going kinetic.
Here’s a few quick notes on interesting news that I won’t cover in a separate post:
9/2 – Amy Dalrymple at Forum News Service – Oil patch economy settling into ‘new normal’ – Looks like the Bakken is resembling a merely solid growth economy instead of an exploding economy. The growth of 2010 through 2014 was not sustainable.
The 16 hotels completed since 2010 actually have lots of vacancies. Prices are high, but you can actually find a room.
Update to status of federal charges against Keith Graves: 8/19 – Dickinson Press – Graves indicted for third time, demands evidence from state’s attorney’s office – Mr. Graves was arraigned on the third superseding indictment on 8/19, as scheduled. He entered a not guilty plea.
I found two more in-depth discussions of energy. I’m writing this blog to help me learn what is going on around us. If you are tagging along on my learning journey, you really oughta’ check these out:
8/21 – Daniel Yergin at Wall Street Journal – The Power Revolutions /Natural gas, solar power and data-driven efficiency are making big gains, but history shows that the shift away from coal and oil won’t be fast or neat – Anything you see in print from Mr. Yergin is worth reading.
He points out that it takes an extremely long time to make any major transition in sources of energy.
A recurring theme in the history of military arms is that a counter-measure emerges for every new technological development. Then a counter to the counter.
7/23 – Wall Street Journal – Next Step for Drones: Defending Against Them / Antidrone defense systems are a rising new business as military, aviation concerns mount.
Today’s illustration of evolving counter-measures is from the WSJ article. Small drones are starting to cause disruption, such as the presence of a couple of drones halted firefighting airplanes and helicopters at a fire near my home recently.
Continue reading “As drones proliferate, next tech leap will be countermeasures”
A few articles on what’s going on in Bakken: tougher trafficking laws in effect, Williston Walmart no longer open 24 hours a day, $18 billion in state reserves, and new Williston airport moving forward.
7/8 – Bismarck Tribune – County okays windfarm near Tioga on a split vote – Landowners organized an effort to develop a wind farm which was bought by a commercial company. That effort has now led to a 75 turbine project that has been approved by County commissioners.
As a break from the depressing daily news headlines, consider the incremental steps to figure out how to mine the abundant resources on asteroids.
7/17 – Space.com – Asteroid Mining Company’s 1st Satellite Launches from Space Station – Planetary Resources had a small satellite launched from ISS. It was a three unit cubesat measuring 30 x 10 x 10 cm or 12” x 4” x 4”. This will test a variety of systems and techniques that will be needed to mine asteroids. Pulling water and mineral off asteroids is a huge step in expanded space exploration. After this 90 day experiment is over they will launch another cubesat later this year (12” x 8” x 8”) to test the next set of techniques.
Why water?
Continue reading “Wide open frontier, asteroid mining edition”
In a sort of grand opening, the shell company that owns the Thunder Spirit wind farm invited the community to sign a turbine blade.
8/26 – Dickinson Press – Blade-signing event heralds wind farm near Hettinger – If you want to see how huge wind turbines are and why they are so deadly to birds, you gotta’ check out the photo that goes with the story. The cross-section of the blade, its width, is equal to the height of the people signing the blade.
The article quotes the Lt. Governor, Congressional representative, and county commissioner waxing philosophically how wonderful the economic impact will be from the wind farm.
Article does not contain any comment from the pair of golden eagles nesting two miles from a planned turbine. The couple did not provide any newsworthy quotes regarding the impact of the wind farm on their life expectancy.
Some other info on the Thunder Spirit slice-and-dice farm near Hettinger, North Dakota: Continue reading “Update on Thunder Spirit wind farm near Hettinger”
In spite of dropping prices for crude oil and turmoil in the energy markets, the long-term trend of abundant oil and gas is encouraging. The oil ‘glut’ isn’t going away, meaning we will have abundant crude for quite a while, and refracking may open the door to recovery of even more gas and oil.
7/6 – Bloomberg Business – Refracking Is the New Fracking – Graph of estimated production from shale oil guesses output will rise from about 2.2M bopd in 2012 to under 3.5M bopd now to 5.5M bopd each year from about 2018 to 2023. Then production will tail off to about 4.5M bopd from 2032 through 2040.
That is somewhere in the range of around 48 billion barrels of oil that was untouchable a decade ago. My untouchable I mean there-is-noway-we-will-ever-get-to-that-stuff untouchable. (Calc as a very rough average of 4.5M bopd x 365 days a year x 29 years {2040 less 2012}.)
It is possible refracking might come close to doubling that output.
The forced push to replace coal and nuclear power with wind will cost consumers dearly.
8/9 – Wall Street Journal – The Price Tag For Uprooting America’s Electric Grid – A new study from the Institute for Energy Research (IER) looks at the cost of constructing new energy sources with the cost from existing sources.
This is a big deal because the EPA’s goal of transforming the power grid will require shutting down a tremendous amount of already-operating plants and replacing that power with brand-new, intermittent, renewable power. That means shutting down existing coal plants and building new wind farms.
Bottom line is we will be shutting down conventional coal that produces electricity at $38.40 per megawatt-hour (mWh) in exchange for new wind farms at an all-in cost of $112.80/mWh.
Here are the costs calculated in the study, in dollars per mWh: Continue reading “Swapping new solar farms for existing coal & nuclear plants will increase cost of electricity”