Outrun Change – Page 4 – 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.

China launches first component of its space station.

ZHUHAI, CHINA- NOVEMBER 6, 2018: Mockups of the New Generation Launch Vehicles of Long March Family are on diplay during the 12th China International Aviation and Aerospace Exhibition. Image courtesy of Adobe Stock. I think the tallest one, fourth from right, is the 5B.

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.

SpaceX uses recycled rocket and recyled capsule for launch to space station.

Crew-2 Mission by Official SpaceX Photos is licensed under CC BY-NC 2.0.

A previously used Falcon 9 rocket and Dragon space capsule lifted four astronauts to the ISS.

4/23/21 – Science Alert – In a Huge First, SpaceX Just Launched Astronauts to the ISS on a Recycled Rocket – In their third flight to the International Space Station, SpaceX used a Falcon 9 rocket and Dragon capsule that had both previously been used. This is a big deal in terms of reducing the cost of space travel.

Along with the two previous flights this ends the American reliance on Russian lift vehicles to get crew to the space station.

SpaceX successfully recovered the booster. Again. They sent out a tweet saying this is the 80^th recovery of a rocket. Very cool.

With these four astronauts (one from France and one from Japan) on board, there will be 11 people on ISS, which is a record. Another crew will return on the Dragon in a few days.

The crew:

Value of oil production by month and recent prices in North Dakota – April 2021.

Market price of oil collapsed last spring. In looking at the data by month, you can see a one month lag in the drop of production. As a result, the value of oil produced in North Dakota dropped substantially last spring and summer.

As the price of North Dakota light sweet dropped in March to $20.33 from $37.21 the prior month, production slid about 210k bopd in April to 1.225 bopd.

The shock decline in April 2020 to $9.16 from $20.33 led to a drop of production in May of 363K bopd, with average output down to 862k bopd.

A further drop in May 2020 to $7.92 from the prior $9.16 led to another month of low production in June at 895k bopd, an increase of a mere 33k bopd.

Average prices recovered the next month and then over the next seven months were in a range between $29 and $33. Production increased to the range of 1.0m bopd to 1.2 bopd since prices recovered.

Prices have accelerated in the last four months.

The driver for this wild roller coaster ride can be seen in the average of monthly prices:

Oil production in North Dakota mostly recovered after slump last spring but now dropping with winter weather.

Graph above shows dramatic drop in production back in May and June 2020, caused by the drastic drop in prices. Record output in November 2019 of 1,519,032 bopd slowly declined then took a sharp drop to below 900,000 bopd in May and June.

Recovery thereafter increase production to just over 1.2M bopd in September, October, and November 2020. Production since then has dropped, with a significant decline in February 2021.

From high of 1,519,032 bopd in November 2019, two low of 862,349 bopd in May 2020, to high of 1,226,549 bopd in November 2020, to drop due to the weather of 1,083,020 bopd in February 2021.

Quite a roller coaster, huh?

For more detail and to drill down deeper, including Bakken/Three Forks only and statewide data, check out:

Forecast for oil activity in Bakken.

Notice the massive amount of unused space and the large number of storage tanks. Eventually there will be one or two more rows of wells with perhaps 10 wells in each row. Only four pumpjacks at the moment. This photo hints at the amount of future drilling. Photo by James Ulvog.

What are the prospects for drilling and oil production in the Bakken oil field in North Dakota? Particularly in regards to Williams County, what does the near future hold?

With all the turmoil in the oil industry lately, haven’t had much discussion here on what the future holds.

The Million Dollar Way blog had a great commentary by Bruce Oksol on 4/8/21: Idle Rambling In Response To A Reader’s Question.

The reader asked if there is likely to be any future development around Williams County, or on the other hand, if there is any acreage left to develop.

Combat drone launches drone. Spare parts for Minuteman system getting scarce.

The XQ-58A Valkyrie demonstrates the separation of the ALTIUS-600 small UAS in a test at the U.S. Army Yuma Proving Ground test range, Arizona on March 26, 2021. This test was the first time the weapons bay doors have been opened in flight. (Photo courtesy United States Air Force.)

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.

He is risen! He is risen indeed!

He is risen!

He is risen indeed!

Easter is the high point of the year for Christians. On this day our Savior rose from the tomb after having suffered a brutal death at the hands of the Roman government, urged on by the religious leadership.

What’s the big deal?

On Good Friday, the death of Jesus paid in full the penalty for my sins, yours sins, and the sins of every person who ever lived or ever will live.

On Easter Sunday, His glorious resurrection proves his sacrifice was accepted by God the Father.

In rising from death, Jesus proved he had ultimate power over death, hell, and the devil.

By that sacrifice, our sins are forgiven, and we will enter heaven for eternity, not because of what we do or how nice we are, but solely because of His sacrifice on the cross.

A few selections of the wonderful and so comforting hymn Jesus Christ is Risen Today to help you celebrate. Go ahead, crank up the volume. First up is an organ only version:

For a beautiful processional:

King’s College Choir, Cambridge

The lyrics:

Back (reverse) of 2019 currency issued in Venezuelan.

Previous post showed the obverse of the bills issued in June 2019. That post also discussed the hyperinflation that made it necessary to add a couple of zeros to the bills. Unfortunately by the time the largest bill was issued it was only worth less than one US dollar.

Here are the reverses (back) of the bills issued in June 2019:

10,000 Bs. S, equal to 1,000,000,000 Bs. F., yes one billion

Mausoleo del Libertador Simon Bolivar – Mausoleum of liberator Simon Bolivar

20,000 Bs. S, equal to 2,000,000,000 Bs. F.

Acme to replace Boeing as prime contractor on Space Launch System.

Coyote and the Road Runner by Michael Coghlan is licensed under CC BY-SA 2.0

This blog does not discuss politics. Since I do discuss space exploration, I will cover an announcement from the new Biden administration that Boeing will be replaced as the prime contractor on the Space Launch System.

SLS will be the most powerful rocket ever built for NASA. It will lift astronauts to space so they may explore the solar system.

(Article cross-posted from Nonprofit Update just because.)

Acme

The new prime contractor is Acme. You may have seen the products on television in the past.

The story has not received much publicity, so I’ll try to draw attention to this major change in federal policy.

Back (reverse) of Venezuelan currency issued in 2018.

Previous post illustrated the obverse (front) of the 2018 issue currency of Venezuela.

For your visual enjoyment, here is the reverse of these beautiful bills:

2 Bs. S., equal to 200,000 Bs. F.

(sorry, can’t quite read name of the bird)

5 Bs. S., equal to 500,000 Bs. F.

Sapito Rayado – striped sapitao

Front (obverse) of 2019 currency issued in Venezuelan.

Ongoing hyperinflation in Venezuela was so severe after the conversion to Bolivar soberano (Bs.S) in August 2018 that far higher denomination currency had to be introduced in June 2019.

To illustrate the concept, the exchange rate at the end of July 2018 was 3,600,000 Bs. F. to $1. That would be equivalent to 36 Bs. S. to $1 using the new currency.

At the end of August 2018 the exchange rate was 90 Bs.S to $1. From 36 to 90 in a month.

At the end of December 2018, the exchange rate was 730 Bs. S to $1.00. That meant that the highest denomination note in circulation, the 500 Bs.S. was worth less than one US dollar. By the way it had been worth it $8.47 at the end of August 2018, just four months earlier.

By the time the new denominations were in circulation at the end of June 2019 the exchange rate was 7,880 Bs. S to $1.

Oh, that 500 Bs. S. issued back in August 2018? It was worth $0.06 at the end of June 2019.

That one bill dropped from being worth US$8.47 in August 2018 all the way down to US$0.06 in June 2019.

The obverse (front) of the bills issued in June 2019:

10,000 Bs. S, equal to 1,000,000,000 Bs. F., yes one billion

Simon Bolivar

Front (obverse) of Venezuelan currency issued in 2018.

Inflation was so severe in Venezuela during the 2017 and 2018 timeframe that currency in circulation was worthless. In 2018 the government replaced the previous currency, called the Bolivar fuerte (Bs.F) with a new currency, called the Bolivar soberano (Bs. S).

The exchange rate was 100,000 of the old Bs. F. for 1 of the new Bs. S. . Essentially that lopped five digits off currency and prices.

To illustrate the concept, the highest denominated old currency was 100,000 Bs. F. The lowest denominated new currency was 2 Bs. S., which is the equivalent to 200,000 Bs. F.

In 2019 the government issued three extremely high denomination notes. More on that in future posts.

This post and the next will illustrate the 2018 currency. As you would expect it is beautiful. Full-color, with nice portrait on the obverse, fun illustration of animals on the reverse, a metal security band, and a large watermark.

The currency is a delight to view. Each obverse and reverse is a lovely work of art. I’m being serious. The generous doses of sarcasm heaped on socialism will follow later. For the moment let’s enjoy the visually pleasing currency.

The obverse, or front, of the 2018 series:

2 Bs. S., equal to 200,000 Bs. F.

Josefa Camejo

5 Bs. S., equal to 500,000 Bs. F.

José Felix Ribas

Illustration of Venezuelan hyperinflation from 2012 through 2018. Part 5.

Let’s take a look at what hyperinflation does to the value of currency.

Using the Bolivares Fuertes (Bv.f) currency, we can construct a visualization of hyperinflation.

Previous posts describe the horrid inflation suffered by the people in Venezuela:

3/6/21 – This is hyperinflation, Venezuela edition. Courtesy of socialism, as always. Part 1.
3/7/21 – This is hyperinflation, Venezuela edition. Courtesy of socialism, as usual. Part 2.
3/8/21 – This is hyperinflation, Venezuela edition. Courtesy of socialism, of course. Part 3
3/12/21 – This is hyperinflation, Venezuela edition. Expected devastation from socialism. Part 4.
3/26/21 (today’s post) – Illustration of Venezuelan hyperinflation from 2012 through 2018. Part 5.

Imagine a small basket of a few items that would cost $1. The following illustrations are how many Bolivares fuerte it would take to buy that little basket.

From 2010 and earlier up until August 2012, 10 Bv.f could convert to US $1. That was before the inflation took off.

Value to US$1 in 8/12 and earlier:

This image has an empty alt attribute; its file name is 10-bolivares-reverse-1024x453.jpg

What happened in the next six months?

Another SpaceX launch increases Starlink constellation to over 1,300 satellites as OneWeb builds their constellation.

Starlink Mission (3/14/21) by Official SpaceX Photos is licensed under CC BY-NC 2.0

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.

SpaceX

British nuclear forces in 2011.

NE140004002 by Think Defence is licensed under CC BY-NC 2.0. Royal Navy Vanguard Class submarine HMS Vigilant returning to HMNB Clyde after her extended deployment.

The United Kingdom relies exclusively on submarine launched ballistic missiles for their nuclear deterrent. They have no land-based missiles (ICBMs) or bomber delivered nuclear weapons.

In 2011 the speculation was they had 225 nuclear warheads. Of these, 160 were operationally available with 65 spares to allow for routine maintenance and processing.