35 Burst results for "Shale"
CoinRabbit
ChangeNOW Review: Cryptocurrency Exchange, Processing, Custody
"4 p.m. Thursday, August 4th, 2022. Change now review, cryptocurrency exchange, processing, custody. With the slew of cryptocurrency exchanges available on the market, it is becoming difficult to select the perfect one. As such, the chain shale cryptocurrency exchange steps forth as a highly competitive and attractive service offering non custody asset storage and registration free access to its impressive lineup of products. Here is the detailed change now review, a platform read more the post change now review cryptocurrency exchange, processing, custody first appeared on coin rabbit. The post change now review cryptocurrency exchange, processing, custody appeared first on coin rabbit.
The Officer Tatum Show
Trump Hit on DeSantis Has Florida Republicans 'Stuck in the Middle'
"Are you saying on a paulina Luna? It's some kind of a shale. Are you saying that unemployment and Luna is establishment? I know her personally and she's not. She won in the state of Florida. There's a lot of other people that want other than desantis. Remember when he came out and said Marco Rubio was his guy. Marco Rubio won by landslide as well. So you can't act like it, you can just single out Ron DeSantis and act like, oh, run the Santa is the biggest problem. Bro, keep it to yourself. I don't get it. I'm sick of defending Trump on petty stuff. I'll defend you all day on policy. I defend you all day with them saying that you're racist and that you say good people on both sides. I defend you all day with the truth. But they're arguing in a bigger back and forth in a time like this where we go through the midterms and everybody's question is still questioning the election for 2020. Everybody's concerned, like brother, at some point, you got to tap into your base. And you got to realize this is a time for unite. It don't just have to be us versus them. Yeah, there are some people that are more establishment. I like maga people over establishment people. But today ain't the day to be bickering.
The Charlie Kirk Show
OPEC Is *Screwing* With Biden With Jack Posobiec
"If you want to talk about people who have with Joe Biden, I don't even know how long that list would be. But currently, the people effing with Joe Biden are called OPEC, OPEC plus. Here's what Biden did. And I still can't fathom. How The White House thought this would be a good idea. They get into office with the very first thing they do. They shut down drilling offshore. They shut down federal permits. They shut down drilling in Alaska. They do everything they can to stifle fracking in places like oh, by the way, Pennsylvania. This is exactly what I'm talking about. You can turn the rust belt into the fracking belt because of the Marcellus shale find. The Marcellus shale find, which God bestowed to the people of Pennsylvania, the people of Ohio, and yes, the people of New York State, even though the governors in New York will never, ever. Kathy hochul and before her Cuomo, they're never going to let anyone tap into that energy resource that was bequeathed by God to the people of those states. Senator mastriano had a point about this. Nobody's covered it. I've read all the hit pieces every single one of the inquirers going after me. Why would senator mastriano bring a mega guy like Jack phobic to southeast Pennsylvania? Well, maybe it's because I'm literally from southeast Pennsylvania, idiots, dipsticks, but what did mastriano actually say? I'm going to tie this all together because it ties into OPEC it ties into who fs with Joe Biden and it ties into Tony bubble in a little bit too. And I'll explain how. Because remember, the deal that Bobbie linsky was working on. You got to connect the dots. It was an energy deal. It was a Chinese energy firm. This is one belt one road. China wants to build the infrastructure. They don't want the Americans to build it. They don't want the Russians to build it. They want China to control all the energy and financial infrastructure worldwide. That's one belt one road. That's what they were paying off Biden to do. Biden sold us out. It's as simple as that. They sold us out.
The Doug Collins Podcast
Rep. Kelly Armstrong Shares the Latest on the Continuing Resolution
"It should be the month in which your finalizing actual appropriations, actual plans, actual stuff. But as we've come to find out, this is, you know, and we experienced this, we even who we are majority is, we got a very broken appropriation system in D.C., and in a lot of reasons for that, but it needs to fix. A lot of stuff's being talked about now about adding on how far the CR continuing resolution is going to go. Give us a little bit of an update on what that looks like and how we can fit that in. Sure. I think right now, I mean, this week in D.C. is what I call a filler week. You understand what I mean. We're voting on suspensions. We're doing some of those things because the Democrats in the Senate are trying to negotiate whether they can get Joe Manchin's super secret top secret permitting Bill attached to it, and they've got 72 House progressives who said they aren't going to support it. Bernie has already come out against it. And at the same time, you're trying to negotiate whether the CR will run until December or potentially till January. So my guess is the permitting stuff will end up off the bill. I don't know how they get there. They're not getting a lot of sympathy from Republicans on the Senate side, permitting is something I actually know a little bit about, considering North Dakota and the oil and gas in the shale boom. I don't think any Republicans have been brought into the conversation on this. So my guess is by the end of this week, I mean, if I had to guess and this is just game theory, we'll find out that the permitting stuff's going to be stripped off, which is what I said when the original build back mansion Bill came to the floor anyway. You
Mike Gallagher Podcast
A Suicide Theme Song by James Taylor for the Biden White House
"James Taylor, here's a little sound and view if you're watching on the shale of news channel of what this looked like. I see you sunny days I hope you're the real. Now I'm James Taylor fan. I admit it. I've listened to fire and rain all my life. You know what fired rings about? Suicide. There's a good theme song for The White House. Because we are killing ourselves in this country. We are destroying America. You talk about Nero fiddling while Rome burns. Have James Taylor come to The White House and sing a song about suicide. During the inflation, celebration. As Americans are paying a heavy price.
AP News Radio
Public gets chance to view queen's coffin in Edinburgh
"Scotland is saying goodbye to Queen Elizabeth King Charles accompanied his late mother's coffin on an emotion charged procession through the historic heart of Edinburgh Rosamund Allen felt sorry for the royal family itself to be on show I really hope and pray they can get something out of today and have a chance to mourn themselves They were very kind to allow us to be part of their sadness From the procession a memorial service at saint Giles cathedral And green shales as church of Scotland moderator Today we mourn her passing But we also celebrate the long and happy read that we experienced with her Prince Charles received condolences
Mike Gallagher Podcast
Women Trash Bel Fries in NYC Over Dipping Sauce Charge
"And then this case, back here in New York, if you're watching today on the shale of news channel or Mike online dot com or rumble, you can see these videos as we play them for you as you're listening to us here on this great radio station, check out the video of the customers who got angry at the bell fries in New York City. They were told there was a dollar 25 charge for extra dipping sauce. They wanted extra dipping sauce, the women were so enraged at being told that they had to pay a dollar and a quarter for extra dipping sauce that they committed 25 $1000 worth of damage. They tore the place out. Tore the place up. Check this out. Look at this. These are like animals. Look, just tearing down the plexiglas, the people behind the counter are ducking, they don't know what to do. These women are viciously breaking things, shrieking, they went behind the counter. They're tearing the whole place up. And they're laughing, $25,000 worth of damage.
WNYC 93.9 FM
"shale" Discussed on WNYC 93.9 FM
"Another one 50 with rain out there this morning morning showers and patchy fog and a high near 66 today and then tonight a low of 55 tomorrow mostly sunny and 72 and then Friday to start that weekend 50 50 chance of afternoon rain and a high near 64 Once again 50 with rain at 5 46 Circle on broken we got true love not just the words broken but I love how you say to me So I don't This is morning edition from NPR news I'm Leila folden And I'm a Martinez The year was 1977 a new science fiction movie was making its debut Star Wars On this may the fourth now also known as Star Wars Day we listen back to an original NPR review of the now beloved classic Here's Tom shales It is unquestionably splendid It is indubitably fantasma It is the greatest kids picture for adults since The Wizard of Oz Star Wars is eye popping mind spinning ear piercing bubble blowing adventure It isn't the film of the future It's the film of the future of the past It takes place eons ago in another galaxy and it has few if any moral pronouncements to make allegories to mount or sermons to preach Star Wars also offers us a tale in which good challenges and triumphs over evil In that it is a celebration of all wish fulfillment literature but the film is as unpretentious as it is elaborate Flash Gordon meets 2001 in Star Wars and the science fiction is back though not with a vengeance It is gulliver's travels Homer's Odyssey 30 seconds over Tokyo and Edgar Rice Burroughs It's really the kind of movie for which movies were invented George Lucas who wrote and directed Star Wars told an interviewer while making the film I wanted to do a modern fairytale a myth and he's done it He's made a sci-fi film without a lot of nuisance redeeming social value That's something of a triumph for Lucas who.
The Doug Collins Podcast
Conservative Enterprise Institute's Myron Ebell on Biden's Oil Plans
"Well, let's start off here. The hot topic right now is the leadership from behind the Biden administration has finally made it to the fact that they say we're not going to take Russian oil. We're not going to buy Russian oil right now. We had already seen that happening from shale BP, Exxon and others. Tell our listeners what that really means and then we'll expand from there because I want them to understand really the effects of this right now and how the Biden administration is using that. I think there are pluses and minuses, the fact is that Russia is the world's largest exporter of oil and gas and it produces about 7, 7 and a half million barrels a day. Some of that goes by pipeline to China, but two and a half million barrels has been out on the market and shipped by tankers. So removing those two and a half million barrels from the market is that what's happening or is the U.S. just saying it's not going to buy oil from a tanker that has Russian oil in it, but we're going to buy oil that would otherwise be going someplace else, but is now being replaced by Russian oil. So there's questions about this band. If everybody bans Russian oil, then that will remove a lot of oil from the world market and it will have to be replaced or we're going to see even higher oil prices. So there are a lot of things to try to game out here about how this is going to work because there is some spare capacity in the world oil production system. Some of it's in the United States. Some of it is in Saudi Arabia, some of its United Arab Emirates. So President Biden instead of talking to the American oil industrial and saying, hey guys, I made some mistakes. Let's sit down and see what you can do to increase production. Instead he called Saudi Arabia who wouldn't take his call because they're angry about the cell up to in the Iran
The Charlie Kirk Show
$7.5 Billion Tax Payer Dollars for Electric School Busses?
"Why are senators and congressmen that represent red states? That have massive oil and natural gas production, going along with the following. The infrastructure package will spend $7.5 billion for electrical vehicle charging stations, with which the administration says is critical to accelerating the use of electrical vehicles and to curb climate change. It would also be available for a $5 billion of purchase for electric school buses and hybrids, reducing reliance on school buses that run on diesel fuel. So, for the representatives from states like Pennsylvania, like Brian Fitzpatrick, or from West Virginia, like David McKinley, or from North Dakota, why is there a support of an agenda that will destroy the oil and natural gas production from the Marcellus shale? To the Balkan, isn't that a major job producer in your state? Modernizing the electric grid. By the way, this makes Pete Buttigieg, one of the most powerful people in Washington, D.C.. You are giving him a $1.2 trillion as the head of the Department of Transportation to allocate towards his green energy cronies as he sees it as he sees fit. Of $1.2 trillion of additional spending on top of the trillions of dollars we spend every single year on top of the stimulus packages we've passed in the last 12 months. Is that what we went and elected Republicans to go do?
860AM The Answer
"shale" Discussed on 860AM The Answer
"Face and shall the world all the love in your heart. Then people going to treat each other better you're going to find Yes. You will let your beautiful as you think. Morning America to you. It I, um You got to get up every morning, and if you're in Florida, you got to go outside and say, Well, this is a nice place. To be. I am in Florida for a couple more days. I am not going on a cruise. Are you doing a huge cruise? Now? The U cruises, actually, next? May. It's next April. We're not going on any boats until April 20th through 30th. We will be, uh Setting sail from Paris down to Uh, Normandy and then back up to Paris and Generalisimo will be along and we will be broadcasting every day. But they're about Two dozen cabins left on the ship. 818853 85 36 talk to Amy and say, Hey, I heard you talking about the cruise in April next year. April 20th through 30th. I want to go. You just call her 818853. 85 36 think we go to our site, too. Isn't that called Sally? Yeah, we're gonna go to bear Sally and Niecy. Niecy. You're going to go there and Marcelas? Yeah, we're not going to Marcellus. Marcellus. Yeah, that that we're not going to the Marcellus Shale. We're actually we're beginning in Paris. Gonna normally April 20th through 30th of next year, but that's next year nor Mandy A. No. Yeah. Normandy. A, uh But we're gonna have fun. Great boat. It's on the waterways. But you can't join our cruise via army. You gotta go through Amy. Alright. Call Amy at 818853 85 36. Let me tell you, Andrew and todd dot com You heard Westbury. Right West breaks. I asked him What do we do in inflation rages and Westbury was very up front, he said. Get a building by house Get a new loan at these rates. Why you're making money every day on the money you borrow If you can borrow it at 3% or less and inflation's at 5%, you're making money every day. Andrew and Todd calm, refinancing the Emory finance ER or because you're not going to get the tenure chairs at 1.4%. So if you just pay off debt right now, that's a good thing. But if you get refinanced that that's a great thing. If you buy a second home or an investment property, that's the best thing. What do you think? Investment properties are magic? They're not magic. They're easy. All you have to do is.
Switched On
"shale" Discussed on Switched On
"And then the question is do you produce a lot. Put all your capital into increasing supply or do you keep production flats in just generate returns. The third option would be detained capital and transition it to some other energy source or some other type of growth for the company. And i think that's a question that especially some of the bigger more financially sound of these companies are starting to think a bit about. We're starting to see pressure on and you can see this obviously at the highest levels with exxon having the Activist investor pressure now to change their board japan thinking about things the some of the bigger independence like occidental. Pioneer are also starting to talk about what their emissions are. Um what their plans are for sort of the longer term lower carbon future and they've made investment in go ahead sorry exactly that they've made investments and things like a carbon capture. They're doing things like emissions tracking which makes sense. You have biden newly-elected in a new focus on emissions and then you have sort of the demand picture you can't escape to right. We just published our the electric vehicle outlook for enough and it's showing an even faster adoption of electric vehicles globally than we anticipated before so it looks like people. Peak oil demand is going to start edging even closer and so especially when the outlook for oil is looking more and more tenuous. The question comes if you are doing this long term strategy of financial returns. Do you just ride out. The oil wave is decline slowly. Or do you try and actually pursue other industries okay. These aren't just little debate. Caesar existential questions is is pretty heavy stuff and i think in the electric vehicle outlook that just came out. They said they can pretty confidently call peak new automobile or new internal combustion. Engine vehicle sales What four years ago i believe. So that's a you know indicator of what's to come for oil. I mean yeah. Wow okay existential..
Switched On
"shale" Discussed on Switched On
"That was the risks of this run the various regions. Can we talk about the basis for second. Is there a basin that stands out as being a top performer. Definitely the permian talking about a size and foments on the probably is producing about four one six million that was right now and significance if you consider the. Us only is producing about today so almost half of us output is coming from at one basin permian and for those of you who aren't familiar with oil basins in the us geography sector. It's sort of in western texas in the sort of southeast corner of new mexico that's the permian sits and how are different from each other. They're all shale that are different geologically or anything like that. I think on a very off who show geologically up much. Send the sam characteristics Rock definitely could be better french. only from basic basic. but you've from county county and the on questions of maturity of these pay some of these fate like Which is in south texas. They've been ravaged without if a long time and the productivity for these wells Thing would fall so different. Like an agent or the aspects Takes to like infrastructure availability and so on so forth. Is there anything that you want readers or listeners to know about any of the you know the outlook for these basins. Besides eagle ford is is drawing down. Is there anything else that stands out in. Put such avi think that. Us all show Pretty much bef- radish eighteen months Grow by on the sixty thousand dollars the you should now ended. In december. Twenty twenty two and also growth will be coming from the other basins Out of frat a slightly lower. Yeah so the primitive stops growing for whatever reason the growth trajectories in existence so either from the report or not. What are some of the major takeaways from your recent research. So like what are you seeing in the market. And what are us oil producers saying. Think on that for a couple of big takeaways. The i wanna said higher oil prices unlike in the past it's not going to translate into more oil production at least in the. Us companies produces a really busy pre dominant debt and returning capital showed us data will be reluctant to invest capital while kept her into the garage to increase production so even if high commodities prostate Promotion increase testifies one. I think the second would be that as code. That's pakistan control of all surprise. Historically like that Macroom for us..
Switched On
"shale" Discussed on Switched On
"Yeah cheese okay. So needless to say we're in for for an exciting year in oil global oil regardless one more question about about price. So i want to quote you so in your report you say the following say although this price range is well above what. The vast majority of the us oil plays need to achieve for profitability. We're doubtful us. Oil companies will turn on the production spits yet so my question is even if the the wells become profitable to certain price. You're saying oil companies will not yet turn on production. So why is that. I don't quite get it. So i think it should break-even view the vast majority of show his. I in the money at you saw crisis but they sustained putting more capital into the ground to surprise surprising because it movie paying down debt or these mentions Debt during the in use to fuel the growth. Some now Like above boasts de you. Just have to work off the excess beverage. That's the first thing. The second thing is allowing listing on elephant mandate foster back for the investments all committees so even after these companies focused a dead under pressure increased it within its show off okay so effectively. They're kind of on a diet in a way. So broadly speaking. What can we expect from the industry going forward for the rest of the year and actually post two thousand twenty one anything different than the very mentioned already so i think follow because the. Us is no longer a growth engine of production process. Ready subbiah lot. More sustainable way forward. Because if you look in the past in the past like tenuous Modern so occasions the growth of us option has site derailed price readies and ended up that opec had to like cut back option to make room for for us growth but thumped overseas appropriate across readies. Probably much more sustainable than in the past. Yeah and the other thing on. Us supply-side just as time mentioned producers. Really are even with the prices where they are at the moment. Producers are sticking to the story of capital discipline maintaining flat production putting any increased revenue towards debt reduction and shareholder paige when they think past twenty twenty one into twenty twenty two. Some of them are starting to talk about slow production growth so of maybe three percents or five percents nowhere near the double digit growth rates that we saw before at the moment..
Switched On
"shale" Discussed on Switched On
"The us in really started booming. Because there's actually a lot of opportunity for shale in across the us in so starting around two thousand and eight or so. We saw production coming online. And then we just over the past. Few decades seen phenomenal growth in this sector. Especially you look back the years ago. Two thousand seventeen twenty eighteen. Us production was growing about twenty six percents from us shale basins on an annual basis production. Grew to the point where it was the largest producer of oil due to this shale production. That was coming out so it's been a really important feature of the. Us supply story however the problem is that as the us was just flooding the market. With all of this shale oil there was also competition with opec for who can sort of supply into this market. Demand is pretty stagnant and as a result prices were tanking. We've had very low oil prices of the past few years and this meant that actually the profitability for a lot of these companies was looking worse and worse. They were putting a borrowing a lot of money to invest in new production and yet they're receiving pretty low prices for that production and therefore they were seeing negative cashflow knocking returns for shareholders. The all of this was kind of happening in the background of the us shale industry and this was all going on the discussion of do they need to be profitable. You grow production. How'd you balances to and then. Kobe hit which completely destroyed all demand. Oh man what a roller coaster. I mean kind of halfway through. What were you saying. There is thinking like when i started in the energy industry. I guess like in renewables really we kept hearing. You know we have to do all this for energy security you know. Us energy security and that but with shale it kinda seemed to kind of end. I heard much about that in years. But i guess then it became a different problem right of profitability and keeping the flow. Going keeping the oil coming. Yeah so she'll greet for security in. The sense of the us became a goal. An exporter of oil where the we were the largest producer but yeah. The question was what's the cost of all of that. Is it sustainable right. So ty can you tell us about what did happen during covid. Think the first thing that is interesting right before code. Russia and opec was actually having a price will head for about To then cool it so it was like a double ramsey for the for all markets. I you have the price fall. russian Bison the To resuscitate coveted and prices just crumbled. I mean i'm roy. After co witham shock wealthiest open russia. Went into a truce immediately but dimiss took a hit and still get all crisis. I think I said. W d i at one point at some point. What's like string at negative prizes. But those sell running off storage basically With the oil in oklahoma so the demand that he would shed and reduce because conflict for surprised ketchup demand. This usually a lag on the way off all the way down. And you wouldn't need like to Reload ever before these producers into its stuff shutting off the wells but there was what we saw and produces foster shutting off the production on during the trump into bottom of ami The bottle and now that stunning tournant back on on..
Switched On
"shale" Discussed on Switched On
"Everyone seems like forever ago. When i was in energy analyst to starting out used to hear the term energy security all the time maybe it was because i was based in washington. Dc but makers use it constantly to push for all of the above energy approach so the us would be less reliant on other nations for its energy particularly oil but around two thousand nine. That term really peaked. When shale oil and hydraulic fracturing came into play it changed the game taking the us from importer to net exporters of oil and gas and the impacts of shallow reach across all sectors and across the globe today on the show. We've got tyler you anadyr linus. Us oil analyst for enough. They're going to tell us about the state of us. Shale oil how oil demand rising to pre pandemic levels is impacting prices. And how oil producers are dealing with all of our discussion is based on report titled us shale oil quarterly outlook. Three q twenty twenty. One being accused can get this report on behalf go on the bloomberg terminal dot com and bloomberg mobile as a reminder does not provide investment or strategy advice and you can hear the full disclaimer at the end of the show. I'm mark taylor. And you're listening to swift on to be an podcast tie anna. Thanks for joining. So we've brought you in to talk about us shale oil today. And can you start us off and tell spit why we're talking about us. Shale so us shale oil is a really interesting part of the global supply picture for oil. And if you think about it it's quite different from a lot of the rest of the oil production that we have in the market especially for people who don't usually think about well too much usually probably picture things like the beverly hillbillies when you're envisioning oil production. I think my generation we tend to think about armageddon. when they're on the offshore rig and harry stamper hits the gusher and all the oil comes out the top. Yeah yeah well. Same same idea right you kind of have. This holy drilled all the oil flows out just very easily that's oil production shales quite different shale. Oil is a fairly newer technology that has come onto the market is developed. Actually by the us government in stuff funded by them for decades but it really came onto the scene around early two thousands and in this you extract oil from solid rock from shale rock. It's a tight oil supply in order to do this. You have to use technologies like hydraulic fracturing and injection of fluids to help open some of these pores that will oil molecules and allow it to flow to the surface so it has a very different production profile than conventional well but the benefit is it actually takes much less time to get the well to production in the wells. Don't last nearly as long as conventional wells which actually makes them quite responsive anyways shale is something that was developed as i mentioned in the early two thousands..
YEK YEK JE
"shale" Discussed on YEK YEK JE
"I tell wanna ago. Slam us. Data slam mundane eric. Because you don much embassy and must say oranges summary among the league when when to assemble. It did it. I'm gonna put a y- zelaputon to Sale globally shame. Because what if i an joe would say shale then lupul following easter gremlin yuga to rita guessing about easter commentator. Salako kupuna raju. Suppose or double the parade route. Skara gallon gordon garcia. Sapone security bulletin. Masella did he. What are you competing in through sunlight. Metal any.
Discover Music Channel (Discover Music Channel)
"shale" Discussed on Discover Music Channel (Discover Music Channel)
"Reza shale play. Mass dot com is right out to keeping. Yeah long it will mind. I didn't have a relationship man. I'm about to ninety miles that ninety ninety miles like man klaus just a woman as it was my idea and sean last on the jobs act. Put them to school to shot get fast. He's right after the open field. This distract the bone. Feel my favorite out directed. Yeah quite gone. Had the garnish. Thanks flow feel invaded. Iraq will lift me.
Homes and Hops
"shale" Discussed on Homes and Hops
"There was there was some weird things going on there with Things being allowed to come in and so people just drove by that plaza gently with not even looking in there. Because i knew there was nothing in there and then we opened up in their royal. Docks is also in that Plaza they're kind of catty corner from us so they're doing some really great things out there they're gonna it's a it's a door district now out. Yes so we're waiting for the good weather to come in so that we can start doing some things with dora We've been in that location for a really long time. But people say i didn't even know anything was in there because there's not been anything in there for ever and i tell them all the things that are in there and they're like we didn't even know what you gotta drive in there and check in his eyes lane strategy chicken but breweries are known now as an anchor. Yes so which is which is fabulous. I mean not to knock any bars or anything out there but bars are never considered an anchor store. Breweries have hit that level of grocery store. A whole foods moving. And whatever it be be. I mean which is such. It's it is. It's an honor. Prestige that brewers that. Who would i mean in all honesty. Who would have thought..
Homes and Hops
"shale" Discussed on Homes and Hops
"Let the cat out of the bag because i wasn't working for shale they were actually a client of mine. Oh wow so there was. There was talk about another location. And how about you make logo that says crappier and barbecue to our throwing. And so i think so but how far prior to that. I don't i don't know. Are you originally from this area yourself. I grew up in akron. You're you're not far away either. I'm a transplant. Yes but also even there. That's what thirty minutes away far. It's not very far in akron. To has made great strides. I mean it's amazing and the craft beer industry as a whole in the state of ohio. It's unbelievable it's phenomenal. Because i do. I think it creates for people even more of a destination. Yeah i mean. We might not have the beaches. Yeah but but we got the beer. We were always popular for golf courses. We have an odd number of golf courses. We do and now. I know the last time i checked it was one hundred and sixty four. Craft breweries in northeast ohio. Not even in the state just our little corner of it. That's amazing kong. Do you guys participate. And the cleveland craft beer fast that they have Well this past. Saturday was the warmer which was like a craft. Beer festival for cass brewed beer. Okay but because of covid. They made it. They changed up and Breweries get on. There was a special issue cup. A glass and you could get those glasses. If you participated in you had to brew on some kind of cass. Something or barrel aged something to serve on that day. I'll say that was just saturday and it was really cool because we sold out of our glasses which is awesome that is perfect or people waiting outside before we opened which is equally awesome and there were people in the taproom. It was like four so it was really one of those moments that makes you forget about twenty twenty rail for a little bit..
Homes and Hops
"shale" Discussed on Homes and Hops
"In november. Were you drinking in the taproom before you guys made the decision to have neither confirm nor deny but you know it. It was a very cool weekend. We had a ton of people. Come out and in caceres this weird. There's like a lion in the sand that people don't wanna go to north and then they don't wanna go from north canton to clean really if it's a weird thing and it's not like any kind of bad thing but they're like wanna go down there and then you know people down there like i don't want to go up there and actually. How far apart are they literally ten minutes not far at all. but you know there is The plaza that were in. It's kind of the central location thing in plain township like the thing and during that weekend. Everybody says. I'm so glad you're here because i live right around the corner. Everybody so i live right around the corner and unthinking this corner must be a monster because everybody lives around and We've had we've started to Create a following there and some regulars so it's been a slow go because of covid. Yes and does this. New location have outdoor space to do is that was that part of like one of those top criteria when you guys started looking at different real estate or where you. Guys could relocate or relocate. Add to well. This place was Was kind of a sports bar okay. So they had the existing patio behind the building. Okay and it. Was you know it was a bonus there. We got it when we moved in there. But now we're finding that We grossly underestimated the importance of an outdoor space. We had it. Yeah we got a patio but now oh man. It's it's it's important to have a patio. I mean i've been noticing. The trend for some time of of of people enjoying the outdoors often as possible when we have the opportunity especially in our climate. Right so i feel like the pandemic has pushed it more to the forefront and saying are a tough stop procrastinating on this listening the league..
Homes and Hops
"shale" Discussed on Homes and Hops
"It's just been building that new. The new look the new feel we. We wrote up a story Shale is both veteran owned and veteran I saw that so We wanna we wanna start building a story about shale and craft redefined and how we do things differently with all things craft yet and you guys are also involved in your community as well aren't you yes So we partner with The north cares pantry. Which is a food pantry. Ford the City of north canton and Were partnered with them which is the canned cares. Pantry is connected with the school district and some other People okay so we We provide warehouse space for the For the pantry itself and then we also let them use our vehicles to transport food.
Marketplace with Kai Ryssdal
A look at the global oil market
"Get ready for it. Here's what's happened to the global oil market in the last twelve months in trader argo removed. From what is called tango to backwardation a backward dated market. That's energy consultants. Stephen shark and to explain. In regular people terms the contain go market happened when crude oil demand and prices plummeted after the pandemic hit then in the fall the global economy came out of covert hibernation and needed more oil and gas demand. Now is beginning to outstrip supply. There's a lot of optimism about a vaccine the economy's globe opening up which has driven prices up. Alex ramos at rice stat. Energy says that's good news for shale oil producers in the permian basin of texas and new mexico one of the most terrific than one of the most affordable sources of oil nowadays globally so with all of the efficiencies that we've seen in drilling and fracking essentially all areas of the permian are commercial and very profitable at sixty dollars but more oil pumping profitably out of the ground. Doesn't necessarily mean and other boom time in rig workers jobs and pay that's because there's been massive consolidation accelerated by the pandemic says analyst. Michael orlando at econ. One research. we saw a record number of bankruptcies in the oil and gas sector in twenty twenty and we were going to see a contraction in employment. The industry cost reduction in the industry. Employment in oil and gas drilling is down about five thousand since before the pandemic and down about seventy thousand since the peak in two thousand
Oil and Gas Startups Podcast
"shale" Discussed on Oil and Gas Startups Podcast
"Think this trend by the way of the barrels of oil equivalent equivalent or upstream employees. I think that's just gonna keep going up and i think it's going to force a large scale. Adoption of the kinds of technologies digital type technologies. I think oilfields gonna be a lot more automated in the future. You know even more so than they are today and and it's it's it's driven by the fact that oil and gas and specifically shale has got to produce returns for investors. And if they don't they're not going to get any more money so it's a matter of it's it's a matter of It's a matter of need now not want and that's really what's changed that i've observed over the last five years like machine more machine. Learning is not a buzzword. A is not a buzzword pools and you need these tools to be able to get the work done that needs to be done in the oil with with heavily diminished staffing footprints. Okay so i want to get into that that last little bit that you you talked about there so i have been involved in some early stage opportunities where we're talking about machine learning artificial intelligence and one of the things and i already know where you're gonna take it leading you a little bit here job at one of the problems that we face as an industry as kind of an aging industry. I'm a fifty year old and we wanna you. Were talking about machine. Learning and one of the problems is always been that machine. Learning artificial intelligence in oil and gas always seemed to be a solution wandering around looking for a problem and usually when i've had consultants come in and talk about. They want to get the data and sit on it for three or four months. Let the machines churn on it and then come back with an answer and we say well. The answer is b. Always do be and c. And then of course as a reservoir engineer i'm always asking. Hey how did you get to that explained to how you got to be so so. You've got this black box problem where you dump all this data into this machine. It just does things and then you have to explain it. Engineers and then get confidence that they can trust that moving forward. So how did you guys kind of. Yeah it was a the engineers in general. Let's separate just engineer. The discipline of engineering the disciplines of engineering. You can't just give any engineer answer. Just say trust me right. I mean the stats algorithms. Say it's right it's right. That's the answer doesn't work so we thought we certainly found that to be true. With petroleum engineering reservoir all geoscience all the in all the disciplines that are employed in willing to develop fields while the cats so luckily for us on a couple of university of washington students on modified the work of a nobel prize winning mathematician named lloyd sharply what basically did was they adapted shop lease gain theory driven work to the general discipline of of machine. Learning models and goal was to use game theory to try and help explain why Mish aim she. Learning model made a specific prediction. So we took that paper from university of washington which is published a few years ago and we actually adopted that in our pipeline and we started producing data that we call shapely data which is an unimaginable Use of the dudes last name But but the point is You with every forecast that we make there are two data sets that we provide alongside the forecast that are really important for our customers number. One we show in barrels or nc after pending on what. The model was trained on We show what the impact of every single one of the features that was used to train the model so much. It's facing move the prediction up or down. Or how much did Subsurface mooted opera downer. Various completions variables. And so on so as near. You can look at that and go okay. I i believe that. I see where this this answer came from. And then the second set that we provide is analog wells weights. So we've we develop a way to interrogate Tree based models specifically ran for us. That's that's kind of our work worse but we interrogate the bottoms of all the trees. That's kind of where all the answers are. And we figured out how many times the same answer popped up across all the trees that we made When we built the model said you can imagine well. The answer was the same sixty percent of the time. This well here is very similar. Wise to the well that you made a prediction for so we actually provide. All the api is And the weight. That each of those wells influenced a prediction for a while that you haven't drilled yet so the combination of vat data sat alongside alongside this feature by feature analysis Those two things combined really sort of broke through that that barrier for us feel like. I'm going to school right here. You actually went to school and learn some of this stuff tim. You're the one that taught it to me sharply values. I can super cool and now you got me thinking john. What what else could this be applied to right. I mean you're talking game theory. You're talking kind of hardcore statistics. It strikes me as malleable. Enough that you could work either in other facets and oil and gas or outside the industry in general have you given any thought to that or is your focus. We're just gonna master upstream and figure out the most optimal way to to pull out of the ground. Yes so there's there's two groups as specifically they were were catering our our software to obvious. Obviously the first one are Reservoir engineering planners etc the people allocate capital inside only gas company could be business development groups as well So that's always going to be a a a strong constituency for for us The other constituency here are the banks. The andy lenders reserve reserves auditors etc. There's a whole sort of some fear of other industries that essentially analyze in loan money to land gas company. So those those those people. Those companies are very interested in understanding how oiling assets might perform before the handover a couple of hundred million dollars to go buy one and then even more hundreds of ninety dollars to develop it and also once once in oil and gas asset is is is running and underway. You're constantly evaluating and realize waiting hallier allocating capital into that asset. So that you can continue to grow at so. I think we're going to stay focused.
Oil and Gas Startups Podcast
"shale" Discussed on Oil and Gas Startups Podcast
"Honestly i don't remember the names of the places i went there. I'm not proud of that. But that that's the truth but i always liked texas texans. The entire the entire economy is built on this sort of one in ten philosophy. Like your drill. A bunch of dry holes. You drill some really mediocre wells and they need us have free or two one incredible wells. That's just sort sort of make up for all the all the all the all the other failures. So the entire economies is it's kind of built in to to the way people think in texas. So they're they're they're it's far from risk-averse as you can get or gregarious outsized personalities and i just kind of found that i fit right in so i haven't left texas since I also married a texan She's she's from just north just north of houston so while she doesn't wanna live in houston. We're never leaving the state like we're will live anywhere else because she's a texan. One thing i've learned about texas's it's like a centrifuge like everything everyone that's borne there eventually. Spins back to the middle of it And ends up living somewhere in the state so for all those reasons. I mean i. I love boulder. Don't get me wrong. I love skiing. All the time and having outdoor was grade. I was in was in the middle of trying to hike. All the fourteen years All amount all the mountains above fourteen thousand feet was close to getting done but it was it was it was good timing this right thing to do for the company and i found a. I found a home for myself not just my company but for myself and not inclined to leave anytime soon so get into the founding story here in a little bit. But you've you've located your novi labs obviously has your in houston. But you've you've located novi labs there in austin. That's another i mean. If you're not from texas the difference between austin and houston is pretty significant as far as culture and places to live. Why did you go. Put the company in austin first getting started You've gotta have. I mean. I think you have to do your founding software company especially one. That's focused on a fairly esoteric discipline light. Statistics and data science and machine learning. You kinda gotta go where the talent. It's so i wanted to be in texas because i felt either texans or Were the two places. I focused on the most i i was willing to lend in either but my wife thing attacks in as i said earlier leaving texas is probably going to be difficult so we our kids were born in austin. I lived in austin before. Houston there's a lot of tech talent here. I mean you got to compete with facebook. Amazon and google now tesla and oracle's moving near as well but but The there's a lot of talent here not saying that there isn't counting houston because there is it's just the deep data science machine learning statistics expertise lot of our talents here. So we kinda went. Talent was with close proximity to all of the major oil and gas hub. Like it's easy to get to houston or or pittsburgh or denver or oklahoma city or tulsa or anywhere. Where there's or calgary than anywhere where there's a lot of oil and gas companies that we might want to sell some software to so it just sort of being ended up being a good confluence of things There there wasn't any one thing other than the talent draw. That really made us come here and for me personally. My my my wife loves austin. She lived in austin for twenty years after leaving houston so she a strong preference era as well. And if you're you're if you're the founder of the company you're going to put the money in the risk you gotta make your wife happy and that's really important. As always reasons we ended up ended up in austin. Yeah i mean fun town. I've always enjoyed my my business trips down there a lot. More fun than business. It seems like but. I think that's sort of the theme of of that city city. So you said that you started novi labs end of two thousand fourteen early twenty fifteen. In in my recollection that means basically right when oil prices started to crash in haven't really fully recovered. Since so how have you been able to maintain a growing and now funded startup with less than ideal commodity price environment. Yeah we we were fortunate out of the gate. So my you know who has where i used to work. prior prior to starting no the ended up becoming our first customer so in the startup world with. You're gonna start a tech company you know. It's a hell of a lot easier if you have some revenue and you have like an actual name company. That's behind it. It's much easier to attract the kind of venture investment that you need to at least get started So it's hurt me. I got started. They became our first customer and because of the proximity to houston. The venture community in austin was the new year with oil and gas but they weren't heavy investors. And at the time there weren't a lot of technicalities. I mean like like rig up was just getting started There was run title. You know there was Was based here size mos there. They were all super early or not even started yet. So there is no sort of digital oilfield hub in austin like like there are like lichens evolved as evolved now but we were fortunate we got a great investor. Guy named bill would And he he saw the potential invested early With us and was always very supportive all all the way along the way so when oil crashed you know he was certainly aware that this is going to make the level of difficulty a little bit higher to sell the software but at the same time oil crash. There's also a huge of interest in starting to use machine learning to help optimize some of these assets. There's always been an interest in automation in the industry on. And if you of trace back that steps one of the charts that i love looking at his stats. Guy at heart Site i look at. I look at the data. On how how. Many how many people are employed in the in the upstream industry and then divide the total barrels of of Production so like when shale first getting started in twenty fourteen the nba. We per employee was about seven hundred and fifty nine right today. The nba elite per employee. Two thousand one hundred forty six. So it's it's three s so so you have. You have three times. The amount of production supported by a lot less people working in the upstream industry. And that's that's pure upstream. Montauk about oilfield services so i look at that trend and i see a huge amount of opportunity for companies. That can help. Oilfield operators adds significant efficiency in automation to their operations. 'cause you can't you can't the reason why so. Many people were employed in twenty fourteen years. Nobody knew what the hell they were doing. You know they were trying to. They're trying to mechanize shale trying to squeeze productivity at the drill bid and then when the downturn happened they squeezed north service providers and you know got as much blood from that turnip as they can but then at some point. You can't squeeze them anymore because they're going out of business You you you have to start looking at your own. Gna a lot of companies did bats rushing twenty twenty. We find ourselves with at novi. Having a pretty mature product offering. At this point we automate. We had a lot of automation inefficiency and we are focused on one of the most important workloads in an oil and gas company. Which is getting your forecast right. So and i.
News Radio 920 AM
"shale" Discussed on News Radio 920 AM
"Came up with the A B Otto coil theory where he postulated that this planet has lots of oil. And it comes naturally. What do you think of that? I happen to believe it. You're wrong. Sorry, George. You're the host. You're poking your finger in my chest, don't you? I am I'm poking my and I'm poking it hard. It's a disgrace. Completely unproven, and it's why a disgrace because I mean, if there's an abundance of oil here, but it's not a biotic. It's we've proven especially with With shale gas revolution. If you look at it, each one of the shell gas provinces these these we look out this these of these air these air source rocks for Um, the oilfields wise, these these these shale gas plays, for example, the eagle for shale on down in Texas, which is a big one. You could just look at this as as you go deeper, the heat increases. And as the heat increases, we get a difference in, um in the hydrocarbon that's generated or created this the organics in the shell plays of the high Large amounts, and that's why we've got lower CEO to now is because over many millions of years These thieves shell plays sucked up huge amounts of CEO to from the atmosphere in algal algal blooms if you will. These algal blooms blossoms, and then they fell and over many millions of years they accumulated at the bottom of the ocean. They were burried. They were buried in depth. And with depth. Comes as as heat increases the organics, then get changed first. Uh, At first in oil and then as their heated bore. They get changed into natural gas, and we can see that time after time. This? Yes, there and and then we see that the oil fields that why over these these air these things generate all this oil and natural gas. Which over millions of years. Percolates up is accumulating these reservoirs There's and I've talked to people about this. I'm sorry, George. But It's The science. The faction that David I'm a science guy, and actually, I'm a I mean, I spent my 1st 40 years in the energy business, and I'm, a co author of The first Comprehensive, peer reviewed paper on the Marcellus Shale. That's up in the which is a giant, the biggest natural gas reservoir in the world. In Pennsylvania, Ohio, on West Virginia. It They're They're just Yeah, it was a human's an interesting idea. 20 years ago, 30 years ago when he first came up with that In fact, the Russians Uh, Had a they drilled what was the most promising prospect based on his theory and Sweden's great Belgian ring, which Uh, It didn't necessarily disprove it, but it was completely a failure and they found Uh, no way Big a bionic oil, So I'm not to say there's not any, but it's so small is to be minister going. Do you think the planet has a finite Amount of oil or in tonight. No, there's a finite amount, but it's so largest to be Um, It's like oceans is that Oh, yeah, There's there's, uh, It's so large as to be And I am when we talk about this with to talk about oil and natural gas accumulations, But But what do you think.
News-Talk 1400 The Patriot
"shale" Discussed on News-Talk 1400 The Patriot
"Part of your weekend with us What's good about manure, landfills and sewage. They could be funneled into pipelines and delivered to power plants in homes where they can be burned alongside shale gas for heat. Ryan December of the Wall Street Journal is written about this trash gas and joins us now, Ryan, How does this work? It sort of has a natural way of happening. It's you know, just organic matter. Organic waste decomposing and that produces methane in the fumes. You know when you pass the store plant or a landfill or Arm with the big manure, Lagoon or whatever that's creating nothing, which is the same thing that we spend a lot of money drilling holes in the ground for And you know it. It burns the famous shale gas. But companies are really into doing this right now, particularly utilities and the owners of gas pipelines because they don't have a lot green to talk about in this sort of new, environmentally conscious era, particularly with investors. And You know, the power grid has had wind wind power, solar power all these things to sort of talk about its green future, and it's in this imp equipment is infrastructures. Value and utility going forward and a green energy economy and pipelines haven't really have anything to talk about in this taking this methane that normally seeps up into the atmosphere and as a greenhouse gas Trapping it and turning it into something useful that could be burned and transported to our homes and power plants by their infrastructure. You know, it's given them something to look forward to into power in the new green energy, or you know what people think it will be the green energy economy of the future. Certainly I'm not a scientist, but it sounds like it is a complicated process. Yeah. You know, it sort of happens Naturally. They sort of encouraged it in these. They call him anaerobic digesters. They're basically like big stomachs. They might throw some bacteria in there. They might. You know the Smithfield Foods, which is the biggest pork producer in the country. They grow special prairie grasses around their farms, and they'll sometimes mo those and take the clippings and Adam to the manure when they need more fuel. One of the big old big old projects that does this is where I live in North Brooklyn at the sewer plant. There's big domes, If you ever you know, on the highway driving to the airport in New York, you might pass by these big, onion shaped domes on the waste water. Treatment plant. You know, a lot of this stuff sort of happened. Naturally, it's sort of a matter of Capturing it, And that could be a simple at a dairy farmer. Hoggett Farm is putting a big tarp over the manure lagoons. Sometimes it's more complicated. You build like a big sort of bubble or dome that you put Oil, groceries or or any sort of food, waste product or sewage into but you're basically just turning into a big stomach and connecting it to the gas infrastructure. There's a little bit of processing to sort of Take out the carbon dioxide and other impurities, just like there would be in a shell well, but it's It's really, um You know when you consider sort of the expense and the rocket science that goes into drilling and getting a shell well, like hydraulically, fractured shale well to work. It's probably a lot simpler than that. We're speaking with Ryan December of the Wall Street Journal. Ryan, Can this fuel be used for all the same things that other fuels are used to power? Absolutely, And you might not even notice that it might be in your data stream. Now it's indistinguishable after processing from the stuff that comes out of the ground, the sort of proverbial dinosaur Dinosaurs that we burn as fossil fuels. It's the same same thing. Just just nothing. So Yeah, There's people that you know, have turned down their stoves this morning to cook breakfast or Are charging their iPhones or taking a hot shower on but there's probably depending on where they live in the country. There's probably a small amount of that gas is coming from one of the sources. Use it and expensive process. It is. It is now It's Zez. Sort of depends how you look at it. You know if you're a multi billion dollar utility or giant pipeline company. It's sort of your day to day business to run a pipeline upto like some, you know gas well, that might be in the middle of nowhere. And so it's not that expensive for them and out of the ordinary for them to run a line to a farm to a landfill to collect that cat. But it is a big expense on the flip side. If you're a farmer or a landfill, or you know any of these other, you know, I mean, useful water plants, Wastewater treatment plant. You know these? These are businesses and things that don't really thinking like the hundreds of millions of billions of dollars so Getting the utilities and the pipeline companies on board. Can really take what pretty old, you know Technology. And and make it more commercial. Ryan December of the Wall Street Journal. It's 21 minutes past the hour up ahead how to get the most out of your $600 relief check. What's hot for business this week. It's staples. Small prices. Big savings. Help your business go big with.
Environment: NPR
Trump Rule Allows Natural Gas Transport By Rail In Dense Areas
"The us produces so much shale gas it needs to find new markets overseas. The trump administration has approved moving a liquefied form of the gas by rail. But some say that is too dangerous. Susan phillips of member station. whyy reports on a route. That would be one of the longest in the country. The guests will go first to a new plant in northeast. pennsylvania where refrigeration units will chill it too negative two hundred and sixty degrees fahrenheit. That's how it goes from a guest to a liquid. The part of the plan that scares a lot of people is the transport two hundred miles by truck or rail through some of the most densely populated areas of the east coast to a planned export terminal in new jersey. Vanessa keegan lives nearby with her family including three year old. Theo thank you want to take a picture. Okay you gotta get mommy ipad. We take another picture right. Era go railcars. Full of highly flammable liquefied natural gas or lng would roll about a block and a half away from keegan's home a daycare center sits right at the company gate so they want special permits to transport them right there. That train track. You could skip on down to in about a minute and a half and that terrifies me. This project is part of a larger push to export natural gas last summer. The trump administration changed long-standing federal policy to allow rail transport of ellen g anywhere in the country fifteen states including pennsylvania and new jersey challenged the move saying it puts people's lives at risk in this rust belt reason of new jersey. The export project does have support from building trade unions and powerful state lawmakers including assemblyman. John bursa kelly. He says grandfather worked at a former dupont plant on the site of the planned export terminal. That's will create jobs as it once did contribute to tax base as wants to be an important economic driver for people to make a living in fear families. I says safety issues should be raised and addressed but he says railcars carry much more hazardous materials through the region every day. Ray mentzer is a chemical engineer at purdue university who spent his career on ellen g projects for exxon mobil he says specially designed containers have a good safety record but he says transporting the guests through densely populated areas increases the risk if there's a leak. It's not flammable until it's vaporized but it's going to bait rise pretty damn quickly and then it's going to seek an ignition source. Believe me it will find an ignition source. Pretty darn readily mentor says. A vapor cloud would definitely catch fire. If i was at a town meeting and i lived there i would want to know. Just what routes are you going to us right now. The exact roots are unclear. Multiple attempts to reach the developers of the project. New fortress energy went on answered if the overseas export terminal gets built. None of the guests will go to power new jersey homes instead the state is planning a large coastal wind farm off atlantic city to help new jersey reach the goal of all clean energy by twenty fifty
NPR's Business Story of the Day
Why The Oil Industry Doesn't Fear Biden
"To learn more on the surface. The oil and gas industry is losing a friend on january twentieth. Donald trump the departing president gave fossil fuels his loud support. President-elect biden supports efforts against climate change yet. Some in the oil and gas industry are feeling cautiously optimistic. Npr's camille mosque. Explains why you might have heard that biden's win could mean the end of the oil industry. President trump warned it. Would some climate activists hoped it would and in the final debate biden himself said this transition from their own industry. Yes it is a big statement and that would be a big change over the last decade. Us oil and gas production has boomed. The shale revolution turned the united states into the world's top oil producer. A lot of that remarkable growth happened. During the obama administration and trump promoted the jobs in prophets that resulted but emissions from burning oil gas and coal are the biggest contributors to climate change. Which is already starting to have devastating effects around the world. So how could biden tackle those emissions step one might be a ban on new drilling on federal lands and private loans. It's a different story. They do not have the power to your sake. Somebody in south texas. You can of drill anymore. Rene santos's with snp global plattsburgh says that that kind of a ban would be significant but not the end of the industry is also expected to restore some environmental regulations. Which again won't eliminate all gas. The big question mark is what a climate bill look like her personal. Don't think it's going to be sensitive radical unless you know the more liberal side. All the democratic party gets a lot of influence which are so we see right now. It does not appear to be the case. Climate activists and scientists have called for ambitious action. That might be impossible to push through congress if republicans keep the senate so for now. This doesn't seem like a doomsday. Scenario for oil gas. I don't think it's a wholesale assault on the oil industry. It's just not going to be in favour like it was under president. Trump halima croft is a managing director at arby's see capital markets. She says the biden is serious about climate change but also doesn't plan to do away with fossil fuels. We actually wrote a note over the summer about the biden. Energy plan called hugging the mid line. Not just because. I left the ladas but we really did see this as an effort to sort of the neo. All the oil and gas industry sees room for some compromises and negotiations which might raise the question. What about biden's big statement about transitioning away from oil and gas jin. Snyder is a director at in virus. Which provides data's oil and gas companies. She says that was hardly breaking news. To insider's they know that a global transition happening a move away from fossil fuels is underway at the society level regardless of the administration biden also said quote. We're not getting rid of fossil fuels for a very long time. Snyder argues a president who manages a gradual shift. Away from oil might actually be better for business. The gut reaction is that this isn't good news for the industry but we're actually cautiously positive and politics aside right now. Oil producers are facing a more immediate struggle. The
WSJ What's News
President-Elect Biden's Plan To Change Energy Policy Faces Challenges
"Energy and climate policy will be among the top priorities for president. Elect joe biden's administration but there will be some challenges. Biden is facing the prospect of a divided congress and competing demands from the energy industry and environmentalists. Joining me now to talk more about how the administration will navigate all that is wall street journal energy policy reporter. Tim pogo hi. Tim thanks for being here. Hi thanks for having me. So tim tell us broadly what we know. So far about president elect joe biden's energy policy. He's shooting big headline is two trillion dollar plan. That focuses heavily on infrastructure. He's trying to get power plants and the broader economy to reduce greenhouse gas emissions. The stated goal is to eliminate them across society by twenty fifty and so the big spending plan would help jump start that pay for things like going to low emissions mass transit expanding around the country paying things for like for new transmission to connect wind and solar power generation to demand markets. All across the country so in its biggest iteration it is in many ways a moonshot. So now you write that. This is likely to face challenges on several fronts. Let's start with the energy industry itself and states that rely especially on coal and oil for example. What are their major concerns. Well the major concern. Is that the oil industry in particular is a huge employer and you saw this on the campaign trail the supplies to gas production as well. Shale drilling is huge not just in traditional states like texas and oklahoma but it has grown a lot in in places like pennsylvania and ohio and it feeds into industries like steel in in ohio and pennsylvania and michigan in sand in wisconsin and minnesota. The concern is that if you move away from the oil industry too quickly to go to to lower carbon sources of energy that you put all those jobs at risk and so it's not just the states where a lot of those jobs are but it's unions in particular we're talking big parts of the biden coalition of the democratic party constituency. That want this to happen. In a measured way that does recognize the transition needs to happen to slow global warming but doesn't put the huge parts of the us economy tied into the oil and gas industry at risk of devastation. Very soon can you parse out for us where biden stands in relation to more progressive environmental policies. Like the green new deal. Biding this tribes a thread a needle. Here he's adopted the elements of progressive environmental policy that that combine climate policy with a jobs program essentially one of the reasons that he wants to do this. Two trillion dollar plan is that it focuses heavily on infrastructure spending. You know that in theory should people put people to work building new transmission lines building transportation infrastructure Plans to help out the auto industry to help them sell more low emissions vehicles. So that part he has adopted but where he has bristled because of pressure from moderates and even from republicans is in in you as i said earlier are quick push to basically get rid of the oil and gas industry or to put a lot of government pressure on them to shrink their markets in favor of electricity and especially low emissions electricity. Like wind and solar. And so. that's you know that's where the rub comes in There there's a lot of pressure on him to maybe the infrastructure works. Maybe we can do this spending but anything that seems more a punitive against the oil industry. I think of eliminating a lot of the tax breaks. They get there is a reluctance from even major parts of the democratic party to push forward with policies like that
The Daily Dive
Business is booming for plastic companies as demand for plexiglass surges
"One of the interesting things about the coronavirus pandemic is that it sparked a need for more plastic demand for everything from facials, gloves, takeaway food containers, and even bubble wrap for online shopping has gone up and with that demand is severely set back the effort to recycle this happening is big oil companies are investing hundreds of billions of dollars to create new plastic and companies that have made pledges to use more recyclable materials are even in a tough spot as new plastics are far cheaper than using recycled plastic for more on how the pandemic has accelerated the trend of creating more and not less plastic trash. We'll speak to Joe Brock special correspondent at Reuters. Before the pandemic, we had a plastic crisis and I think that there is an awareness about that. It's killing marine life. It's it's leaking toxins into drinking water in some of the world's poorest countries. Then the pandemic hits and we have this flood of new plastic containers from three takeaway. Bubble wrap because more people ordering in as they were stuck in lockdowns as well as the the lifesaving PPA, the mosques and the gowns and the bodybags, which is understandable but also you have this double whammy. Plastic recyclers are suffering like every other industry under an economic meltdown and they are unable to recycle the plastic and the price of oil from which plastic is made drops dramatically, and that means that new plastic becomes very cheap and we cyclist cannot compete with that new plastic. So you've got this sous Nami new plastic arriving on the scene we site closed. Struggling, and so this dynamic can only lead to more plastic waste. I. Think that's a very important thing that a lot of people don't realize or they forget right away as that plastic really comes from fossil fuels, oils and and petrochemicals, and as you were mentioning, you know to make new plastics these single use plastics. It's so much cheaper now than using recyclables. Companies that have pledged to use more recyclable materials in their packaging and whatnot, but they just can't keep up you know new plastics just cheaper for their business models and all of this can become a driver of climate change. Correct and I think this is something which has been overlooked toll misunderstood during the climate change debate not only plastic made from fossil fuels oil derived products and gas issues. A growing area for struggling oil and gas companies. People are driving more electric cars than moving to cleaner fuel. These oil and gas giants need to use up this oversupply of shale gas. In the US they've got dwindling opportunities to use this one area they put into is making new plastic for the developing world where there's a rising middle class in parts of Asia and Africa. The problem comes that these are the places who are feeling the plastics crisis the worst. So as oil and gas company suspending about four hundred, billion dollars to increase production of plastics to use up cheap oil and gas. These countries have no way of processing dot plastic. So with already a waste crisis, more supply coming online no way to deal with it what do you think's going to happen? And the oil and gas industry are planning to spend about four hundred, billion dollars over the next five years on new plans to make the raw materials or these new plastics virgin plastics as they're called through Reuters surveyed twelve of the largest oil and chemical firms around the world to see what they're doing about this waste. Really they're just spending a fraction of the money that they're making on sales to devote to working on waste. So you've got campaign groups on you know some politicians in some government sank the oil and gas industry we KINDA. Coat. We need to reduce plastic production and what the oil and gas industry saying his. Don't worry we've got this covered we've got a solution we are investing in recycling infrastructure. We are helping poor countries to deal with their waste, and that's where I'll story really came from. We wanted to check that claim on what we found was the pledges made by the oil and gas industry are fraction of best spending on increasing plastic production, and they will have minimal impact on reducing plastic waste. So I think that that's a key point I understand because as the oil and gas companies tell you that they are fixing plastic waste crisis. It's important to interrogate those figures and I think that's what we've thoughtfully achieve with the story. I wanted to talk a little bit more of the effects of the pandemic. As we said in the beginning, you know face masks gowns, the P.. P. That we need to protect ourselves. That's also a big thing that's going to be feeling a lot of the waste you mentioned in your article China US twelve times more face masks than they did in earlier months in the United States, they generated entire years worth of medical wastes in two months at the height of the pandemic. So this is a lot of stuff that we're going to be seeing. The effects are going to be with us for some time. Yeah I think that's right I. think that's where it's worth separating the issue here. I don't think anyone is saying that plastic is not an incredible material with multiple uses and that it helped industrial organizations to make planes lighter may cause lights I think the issue here is single use plastic on the fear is this pandemic will exacerbate that trend of single use plastic. So although people might need mosques a need gowns and these are essentials if companies were to take this opportunity to increase the use of plastic single use plastic, then it's GonNa add to the waste problem and that's something we've seen with oil and gas lobbies who since the pandemic is hit. Written to lawmakers in the US to say that single use plastic is safer than other materials. Now, scientists have found that that's not the case. So you have to question whether the plus the pandemic is being used by certain vested interest companies that they want to capitalize on this to increase their profits. I think when a lot of people think about plastic waste and the huge problem, they definitely think about our oceans plastics make up about eighty percent of the marine debris and we've seen the big problems. We've seen the Great Pacific Garbage Patch you know which is just a bunch of plastic and netting and things like that. So I think a lot of people are really focused on that when they hear about plastic problem, but I mean it's really ranges all over the place. Yeah absolutely, and I think this is a problem which affects everyone. It affects humanity and I think that you see you see it in the oceans and certainly in parts of Southeast Asia, which is considered one of the biggest toy destinations in the world of Pristine Beaches Turquoise Asians you've got these waterways completely clogged with plastic fishing communities devastated where they live to be a risk as you mentioned, each plastics in the Pacific and elsewhere, but it's not just in the ocean it's clogging up rivers. It's affecting communities where they rely on food supplies where plastic waste is. So you know this is an issue that impacts everybody and should be an issue which everyone wants to help fix. We talked a little bit about the efforts from the oil and gas companies to limit plastic waste. But one thing that I did not know I found very interesting that the world's top three plastic polluters for two years running now are Coca Cola Nestle and Pepsi Pepsico. Obviously, they have a lot of plastic packaging. Their bottles are made the bottles that hold the soda in are made from plastic, and they're constantly setting goals to use more recyclable plastic in their products and not meeting those standards and it goes back to what we were saying at the beginning it's just cheaper to use new plastic than it is to use recycled stuff. Coke and Pepsi and Nestle and the other big consumer goods coming committees giving up a a consistent message they wanna fix this problem they want to use more recycled products but when it comes to meeting those targets that consistently Mitch the Knicks over decades and then they set new talk. Now, what they're saying is we don't get the recycled material. Now they cannot get the recycled material at the right price it cheaper to buy new plastics. Now, how you're GONNA get movies like material will you need a very advanced recycling system and that's what we're highlighting in this story the investment in that respect infrastructure is simply not there the oil and gas industries Coke Pepsi, they say they're investing in it, but then investing a fraction of what they're spending on advertising on new production. And this is a competitive industry when you go into the store and you look at the bottle of coke bottle of Pepsi bottle of another brand, the price of the packaging is significant in not product and you don't want your product to be increasing because you're using more recycled plastic. So the proof in the pudding we've seen that they've made these promises before and they've missed them. So I think we need to keep checking and keep saying they're gonNA meet those promises in the feature.
Breaking Beauty Podcast
You won't believe these beauty finds
"Okay. Carleen. So let's start with buzz. What do you have? Okay. What's really piqued my interest in the world of budget beauty? This season is the inky list. So a lot of you will know the inky list as a great you know inexpensive skincare line kind of reminds us of the ordinary and they're now venturing into haircare. Think it was in late September they first launched in the UK and the US and it's like eight to ten products. So it's quite quite vast. It's launching into Canada at the end of October and big news if you're Canadian listener as well, the inky list just launched. On Sephora DOT CA mid October. So you'll be able to find like more of the products you're looking for more readily available. So this whole line takes a skin care approach to scalp care for sure I know when it first launched at culp beauty in the UK the first product of lie off the shelves from what I'm told is the salicylic acid exfoliating scalp treatment to treat flaky scalps, and so that's interesting. Of course, we know salicylic acid is great for acne. So they're kind of taking that approach. Now when I tried that product I'll be honest I, got really literal with it It's kind. Of feels like a water basically meant to use one to two drops on your palm and then apply it to your Scalp I. Use one to two drops and like put it right on my hair line and it just instantly was like dot sucked in I was like Whoa what about the rest of my scalp So I, don't know maybe that's like great for for guys with no hair I don't know but the product that I had more success with and I do feel comfortable recommending for a lot of different hair types is the shale oil nourishing hair treatment and this product is nine. Ninety nine in the US as I said, it's it's not in Canada yellow probably come in at around twelve bucks. It's a small bottle. It's fifty mills and it looks like they're skin-care it's black and white except this one's more of like a hairsprayed tin container and then it has a white pump on the top and you really don't need much when you disperse it this one unlike the salicylic acid scalp treatment, a lot of it comes out at one time. So I have thin hair but a lot of it are used to pumps at I. think it might have been a little too much I. Would go back and only use one if you have highly textured hair coyly or hair I you know you depending on how long it is. You might WANNA use twofold pumps. Now, a lot of people are familiar with Sheahan Shea butter I'm to use on hair what I like about this product is it's like a water like I said so it has shale oil in it. It doesn't feel like it's coating your hair and even like a lot of hair oils that are at their, you know they're so thick and you put this can you describe again I might have missed it. How do you use it like what stage you absolutely in? No, you didn't miss it because I didn't say What I did, you can use it on wet or dry hair, but I would use it much like you'd use a hair oil. I used it when my hair was like three quarters of the way dry when I was almost done blow drying et I'd I'd put this in kind of more like a finishing product I guess but like I said it just it really is meant to be more of a dry oil. So it just doesn't have that that consistency where you like you're GonNa get a lot of build up with it. So yeah, I think. This is a hit and I, think for a lot of hair types, they're gonNA really enjoy like the moisture and the hydration and the softness that you get from it without it being like a heavy duty product that's good and I think that's a really good product heading into the winter as well. Absolutely. I mean just just firmy I get so much static in the winter that would be a styling product that I would probably like to use. Yeah. Because it's giving you that of protection where your hair is not gonna be all fly a totally
Balance of Power
ConocoPhillips agrees to buy Concho Resources in big shale bet
"Deal in the shale industry since the collapse and energy demand earlier this year, Conical Phillips has agreed to buy control resources for $9.7 billion in stock. Take over will create a heavyweight driller in America's most prolific oil filled the Permian Basin of West Texas and New Mexico. Global
Houston's Morning News
ConocoPhillips buying Concho in $9.7B all-stock deal
"The largest shale industry deals since the collapse and energy demand earlier this year. Kanako Phillips agreed to buy control resource is for $9.7 billion. The pandemic induced oil price crash and lackluster global economic recovery have accelerated the push for consolidation across
Just Fly Performance Podcast
Paul Cater on Flow, Rhythm and Awareness
"All right. So I'm going to ask you this because you just a few minutes ago but I think it's definitely worthy of telling again. But you know we were just talking about running in adverse. are being a weather and stuff like that and how that impacts the workout. But I know you a little story about running down from a mountain and being in a little bit of fight and flight or fight or flight What was what was going on there? We were in hike in in Colorado one of the fourteen and fourteen thousand foot. Peaks. it was all. They're all on a silver mining or something in. Few Iron Tools in reminiscent of the the mine and I thought. I the? History first and foremost. Undergraduate days. I'd appreciate it history and. Take some of this home so. L. The thunderstorm. Came at around. Four o'clock in I and lightning was striking everywhere. I think one of the greatest training memories ever. was running down probably three miles just downhill down shale. Rocks. Cooks and crannies down this trail surely exposed mountain. Top Man. That was. One of the moments my life I was super dialed ignite. I was fully engaged with a body mind. Spirit. I would get struck by lightning. Yeah so I. I I enjoy those natural elements when I trained you know. For the wider flight nexium whether it's pretending you're getting chased by A. Sabertooth tiger getting or actually get struck by lightning. I think there's something to that creating that experience training. We can learn from. That's what I was. That's what I was. GonNa. Ask You. That's how I was going to go with that because I think that. The best training sessions I've been in not just trained but also just experiences team sport. You know it's like you lose the self a little bit and it's just about the moment and how what better way to be in the moment than the being kind of a situation where your life isn't a little bit of danger. Of being struck by lightning you gotta run. I've been in not too many of those that I've been in one in particular in my memory and I, I remember thinking man if if all training was had some of this or not all but even once in a while, you're outputs are just like so much higher. And it brings a really different element in so I do big said he had you find yourself thinking about that sometimes where you have a training session or does that just the general idea? Does it cross your mind in the environment you're trying to create you can't allow sure think every day I think you. Have to ask myself did you create an experience? in the. Maximum awareness and within within the scope of what the goal. At adopted goals that day? Die Create inexperienced that supports that. And you know without without having it be. A maximal. The adrenaline situation because I think. or saying earlier that. These kids specially. Get these. Third Gentleman Junkies they've they have to have this massive height Ra- music with musical element. which I I didn't use very important but. Or? Everything's. Also, walls all the time. So I think. Creating experience of both. Deep introspective. Meditative state all the way to the. Collective experience of competition. And You know there's a whole spectrum there you have to decide where in the day you're GonNa work on that spectrum or within the session or Yeah. So that's a huge consideration every day. So are you creating experience? Where you WanNa go