Jim Ulvog – Page 73 – Outrun Change

Regulation of marijuana sales in Washington State – 3

Readers of this blog know I’m watching the impact of regulation on a brand new industry. The industry in recreational marijuana. The natural experiment of the impact of regulation is taking place in Washington and Colorado.

This is the third in a series of posts describing the regulatory structure for sales of recreational marijuana in Washington state. My hypothesis is the regulation will weigh heavily on the industry.

The Economist has more background on the issue: The great pot experiment.

I’ll summarize some info on the regulatory regimen, then touch on couple of trend issues and overall background.

Both states allowed so-called medical use of marijuana before legalization. The reason Washington state has taken longer than Colorado is the medical use in Washington was very lightly regulated, if at all.

Continue reading “Regulation of marijuana sales in Washington State – 3”

More good stuff on the Bakken – 7/24

Here’s a few quick notes on interesting news that I won’t cover in a separate post: production levels, a forecast for slowing acceleration of output, employement, infrastructure, and few other things.

Production level

7/16 – North Dakota oil production passes 1,039,000 BOPD in 5/14

5/30 – Million Dollar Way – That She Is! A Million-Bbl Bakken Well In This Boom – One well has finally crossed the point of producing 1,000,000 barrels of oil. It has been on-line for about 3.5 years. Let’s assume $90/barrel. That would be $90,000,000 gross, or about $26M per year. Still producing 24,000 bbl a month, which at $86 is about $2,000,000 each month. Not even on a pump yet. Initial production was an okay 803 barrels a day. Not great. Not bad. By 12/14, it will have produced $100M of oil.

5/30 – Bakken Shale – Is the Bakken America’s Last Boom? – Continue reading “More good stuff on the Bakken – 7/24”

Fire at Williston oilfield supply company

A large fire broke out at Red River Supply, an oilfield supply company in Williston in the early morning hours on Tuesday July 22. First reports of explosions were at about 12:15 in the morning.

Fire officials decided to let the fire burn itself out because of the nearness to the Little Muddy River. Water runoff from fighting the fire would be contaminated with oil and other chemicals which would then drain into the river.

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Update on wind power, 7/22

A few more articles on the damage from wind power. Seems that wind power isn’t good for birds, nearby little mammals, humans, or for reducing net emissions.

Official permission to slice-and-dice golden eagles – 6/26 – ReWire –Feds Set To Issue First Eagle Kill Permit to California Wind Facility– Continue reading “Update on wind power, 7/22”

Short-term and long-term predictions for North Dakota oil production

Production will likely increase 5% or 6% a month for June, July, and August of 2014.

That is the expectation of Lynn Helms, director of N.D. Department of Mineral Resources, in a conference call reported by Bloomberg: North Dakota Expects “Big Surge” in Summer Crude Output.

I’ll turn that into a specific number by combining that with 2% or 2.5% growth through November. Will use that cutoff instead of December, since weather could get bad in either January or December.

Starting point is 1,039,635 bopd in May.

Here’s a range of guesses for November 2014: Continue reading “Short-term and long-term predictions for North Dakota oil production”

45th anniversary of Apollo 11’s flight to the moon landing — – 60th anniversary of 707’s first flight

July 20, 1969 is the day Apollo 11 landed on the moon. I vaguely remember watching. What an astounding accomplishment for humanity and the U.S.

Two fun articles:

July 15, 1954 is the day the Boeing 707 took its first flight. The decisions made after the first flight revolutionized air travel.

Continue reading “45th anniversary of Apollo 11’s flight to the moon landing — – 60th anniversary of 707’s first flight”

Regulation of marijuana sales in Washington State – 2

This is the second in a series of posts providing background on regulation of recreational marijuana sales.

An article in The Telegraph provides more info – Dopeless in Seattle: legalised cannabis prompts pot shortage.

Focus of the article is on small number of shops opened on the first day of legal sales and the limited supply. That is a transition issue that will quickly resolve itself. This post will look at some comments in the article on the regulatory requirements.

The article describes the rules as

…a labyrinthine licensing system…

Continue reading “Regulation of marijuana sales in Washington State – 2”

For-profit college, Corinthian, pushed into closing by feds

I’ve been trying to sort out the situation with Corinthian Colleges. Under pressure from the Department of Education, the business agreed to sell off all its schools and close its doors. Here’s some articles and a few thoughts as I process.

7/4 – New York Times – College Group Run for Profit Looks to Close Or Sell Schools – Corinthian Colleges, which owns 100 different schools, will be winding down over the next six months.

Continue reading “For-profit college, Corinthian, pushed into closing by feds”

North Dakota oil production passes 1,039,000 BOPD in 5/14

Check out this pump working away to bring oil to the surface so you can drive your car. Shaky photography courtesy of James Ulvog.

[youtube=http://youtu.be/3ZYVN_7PG_M]

Preliminary production data for the state is 1,039,635 barrels per day average in May 2014. That will be revised up a smidgen over the next two months.

At the average price for the month provided in the Director’ Cut report of $88.31 for 32.2M barrels, that is an economic output of $2.84 billion for the month. Very cool.

Here’s a few graphs:

Monthly production since 2008:

Two more –

Monthly production since 1990:

Continue reading “North Dakota oil production passes 1,039,000 BOPD in 5/14”

Regulation of marijuana sales in Washington State – 1

I’ve been following the state-legal, federal-illegal sales of marijuana in Washington and Colorado. I’m looking at legalization in those two states as a natural experiment in the heavy hand of regulation.

So you know my perspective and can filter my comments accordingly, my hypothesis is the heavy regulation imposed in each state will severely restrain, if not cripple, the new industry of legally selling banned pot. The legal infrastructure for sales is developing as regulators outline what is required.

Update: Full disclosure is a good thing. That should even apply to the opinions of journalists writing articles. That is the reason I just described my perspective. You know where I’m coming from so you can filter my comments and coverage accordingly. I sincerely recommend you do the same thing with every news article and opinion piece you ever read.

You can see my posts in the regulation experiment tag. My very first post on Washington was here.

I’ll look at three articles in this series. The first, from The Seattle Times on 7/5/14: State’s retail pot gets rolling Tuesday, provides a summary of regulation in Washington State and some indicators of prices.

A few tidbits on regulation:

Continue reading “Regulation of marijuana sales in Washington State – 1”

“If tragedy strikes, don’t lose hope. Transform it into an opportunity to make things better.”

The quote is attributed to Dalai Lama in an article at Philosiblog.

If you have not been hit by a horrible tragedy in your life, you are a rare person and I am happy for you.

In the Bible, Jesus says “in this world you will have tribulation; but be of good cheer, I have overcome the world.”

We will leave for another time the long discussion of how Jesus overcame the world. Today, look at the first part of the sentence – if you are alive you will have trouble and problems and tribulation in life. It is inevitable.

What is not inevitable is how we respond. The quote from Dalai Lama and discussion by Philosiblog reminds us we have a choice to make after we finish grieving the tragedy.

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Harm to wildlife from plastic bags is a fraction of what we have been told

Bans on plastic bags at the grocery store and tremendous hoopla advocating reusable bags is all because the massively huge amount of plastic in the oceans kills massively huge numbers of birds and marine mammals.

Well…..

Maybe there isn’t even a fraction of the harm to wildlife we’ve been told about.

Article at SFGate explains Garbage-patch tale as flimsy as a single-use plastic bag.

Continue reading “Harm to wildlife from plastic bags is a fraction of what we have been told”

More good stuff on the open frontiers – 7/7

A few articles on the open frontiers of space and technology that are worth a read and a brief comment.

Space

6/14/12 – Popular Mechanics – Tapping the Riches of Space – Continue reading “More good stuff on the open frontiers – 7/7”

Pondering the 4th of July makes me wish everyone on the planet enjoyed economic, religious, and political freedom

Been pondering today how thrilled I am to have:

the political freedom to write five blogs,
the economic freedom to run my own company the way I wish and see as much success as my effort, skills, & drive can create independent of the income level of my father when I was born or where his parents came from, and
the religious freedom to worship as I see the bible suggests worship should be conducted, in a church where the preacher preaches the word as we in my fellowship believe it ought to be preached, and I can teach the bible as we believe it is meant to be taught.

That freedom is a rarity on the earth today and unheard of for all of history until around, oh, say 300 years ago.

Oh how I wish that everyone on the planet could be blessed with that economic, political, and religious freedom.

Continue reading “Pondering the 4th of July makes me wish everyone on the planet enjoyed economic, religious, and political freedom”

We lost another hero today – Louie Zamperini

Louis Zamperini passed away today at age 97.

He survived 47 days in the water after getting shot down only to survive years of torture in a Japanese prison camp. He rebuilt his life on a foundation of faith in Jesus Christ. His story is such an encouragement to me.

I had the privilege to meet him about 15 years ago. Only visited for a moment, but do recall he was such a vibrant man, filled with life.

Continue reading “We lost another hero today – Louie Zamperini”