Seems like most industries have a tangled supply chain. The entire transportation system is sorely distressed.
The elitists in federal and state governments have a staggering level of hubris. They think waving their hands, clicking on their laptops, issuing press releases will make the entire economy bend to their will. What they accomplish is willfully causing disruption in your life and in my life.
Here are merely a few of the recent articles describing the tangled impact of Covid dictats and sundry government policies:
Lots of cargo ships are waiting to unload off the California coast.
Large port operator expects disruptions to last into 2023.
Workers in transportation sector warn of possible system collapse.
Chip shortage for carmakers will last into late 2022.
Looks like it might take another 15 or 18 months to untangle the worldwide supply chain.
A tweet I saw this morning (10/9/21) from someone flying out of Long Beach indicated the individual counted 50 ships waiting to unload.
At around 10,000 containers per ship that is somewhere around 370,000 containers waiting to be unloaded back in the middle of August and is now currently somewhere in the range of half a million containers sitting off the coast.
Article says a few months ago it was only nine. Normally it is zero.
The supply chain in most industries is tangled up somehow somewhere.
The people in federal and state governments with the staggering level of hubris to think they can wave their hands and make the entire economy do their bidding are willfully causing disruption in your life and in my life.
In addition to Amazon, Jeff Bezos also owns a rocket company developing spaceships. It is called Blue Origin. They are developing New Glenn rocket as a lift vehicle. Article says first flight for New Glenn is not expected until fourth quarter of 2022 with likely slippage to 2023.
Big announcement covered in this article is Amazon announcing they will use the Atlas V rocket from United Launch Alliance for the first nine launches of their satellites.
China is building their own space station. On 4/28/21 they successfully launched the first of three main components.
4/28/21 – Space.com – China launches core module of new space station to orbit – The central component of the space station is called Tianhe, for Harmony of the Heavens. This module is 54 feet long. Two more sections, each of them 47 feet long, will be launched. The basic station will be assembled by the end of 2022.
A Long March 5B heavy-lift rocket launched the space station.
A cargo launch will go to the station next month with three astronauts arriving in June.
This is not the first space station China has put in orbit. The first one, Tiangong-1, back in 2011 had visits from two crews of three astronauts each before it reentered the atmosphere and was burned up.
The U.S. Air Force is working to develop drone fighters. Most recent test flight had the drone launch another drone.
All the original manufacturers for every component of the Minuteman ICBM system are either gone or the assembly lines have long since been shut down. That means USAF is using its own production facility to create the myriad of necessary spare parts.
4/6/21 – New Atlas – Valkyrie combat drone launches another drone during test flight– Imagine a drone fighter that accompanies a cutting-edge manned fighter such as an F-35. The escorting drone could carry a heavy load of bombs to multiply the strike power of a fighter. It could carry an assortment of air-to-air missiles to defend against other planes or air-to-ground missiles to strike radar or other defense assets.
Launch by SpaceX put another 60 satellites into orbit, bringing the constellation of Starlink communication satellites to over 1,300. Launch by OneWeb put another 36 of their satellites in orbit for total of 146.
SpaceX and OneWeb are both making progress on developing a constellation of satellites which will provide Internet connectivity across the planet. Discussion of OneWeb’s progress follows description of SpaceX’s launch.
Oh, by the way, after reading this post I am confident you will agree that the future is so bright we ought to wear sunglasses all the time.
As shown in the following graph, crude oil production increased again in August 2020. It is up 122,351 barrels of oil per day (bopd) over revised July amount, which follows a 148,343 bopd increase over June.
With a 45 day lag in reporting to allow data submission and collation, the production data for crude oil during May is now available for North Dakota.
The combined shocks of reduced demand for the pandemic and flooding the market by Saudi Arabia collapsed prices which then collapsed production. A glut of oil jammed the storage capacity for a while which further drove down the prices available to producers in North Dakota.
The impact on volume and value of production is staggering.
The graphs of production in this post demonstrate how rapidly a massive industry, like oil production across an entire state, can respond to price signals in a capitalist economy. That part is amazing to see.
May production data
Crude oil production in the state dropped to 858,395 bopd (preliminary) in May. This is down 362,624 bopd from the revised April level of 1,221,019 bopd. The April production was down 209,353 bopd from March.