This is another post, another view, on the subject of the essential difference(s) between people and animals.
There is simply no other creatures known in this universe, besides people, which enjoy killing and do it just for "sport". None. Not great white sharks or leopards or white tigers or cobra snakes. All other species which are able to kill, only do so either for protection or for food, or both. None do it just for pleasure. No breed of hunter, no matter how effective, ever attempts to eliminate a whole population of another specie or race just to get rid of it.
We are so "special" ...
Friday, June 6, 2014
Tuesday, May 20, 2014
Marriage
Why do so many so-called Christians hold forth the sanctity of marriage?
According to the bible, God never married. In fact, neither did Jesus or Paul.
On the other hand, characters like Abraham had a thing going with the housemaid while David had twelve wives and Solomon, supposedly the wisest man of all, had seven hundred.
So what gives here?
According to the bible, God never married. In fact, neither did Jesus or Paul.
On the other hand, characters like Abraham had a thing going with the housemaid while David had twelve wives and Solomon, supposedly the wisest man of all, had seven hundred.
So what gives here?
Thursday, May 8, 2014
The latest on gas
Inventory numbers came out just a few minutes ago, showing a build last week of 74 bcf.
The markets took this as quite bearish. Investors proceeded to sell off gas futures and ECA, EQT, CNX, PQ, SEP, KMP, and others.
I'm going, like, wtf, people?
I guess they don't teach algrebra one in schools anymore ... as long as the kids are well-mannered and they can affect a pleasant mood and the behave and follow most of the rules, they get outstanding grades and remain as stupid as ever.
Anyway, the same trends are in place. We are in the season of the beginning of the build. Its strongest during the spring, before the air conditioners start to drain the grid. If we build between 70 and 80 each week (unlikely during the hottest summer months), then by the end of October we will have added about 1.6 tcf to the underground storage for next winter. that's about the same amount that we added during the previous build season and during the one before that.
However, to reiterate: where we ended the draw season last winter was at 800 bcf ... but the previous year we still had 1.6 tcf left over and the year before that we had 2.4 tcf left over.
and to reiterate about demand .... the population continues to increase, the number of dwellings and large office buildings and malls continues to increase, the number of operating coal generating plants continues to decrease, the number of gas electrical generating plants continues to increase, and the number of industrial factories built and operated by foreign countries, fertilizer, plastics, other complex chemicals, which require in order to take advantage of cheap north american natural gas is rapidly expanding, the number of buses and trucks built to run on natural gas keeps increasing ...
and to reiterate about supply ....Encana continues to sell off gas assets trying desperately to remake itself into an oil company, EQT plans no new expansions, the total number of rigs drilling for gas continues to hold at a ten year low, NIMBY idiots continue to block the construction of much-needed new pipelines, and the selfish pigs in Congress are promising to sell our gas to Europe to replace the russian gas because they think the USA is all powerful and awash in gas, so to speak ....
Which all adds up to the same simple conclusion ... we are still right on track to run out, completely, around February, 2015 ....
So don't act surprised when the grid goes down and never comes back up. It was there all the time for you to see it coming .....if you'd only looked with your own eyes instead of letting someone else do your thinking and calculating for you .....
The markets took this as quite bearish. Investors proceeded to sell off gas futures and ECA, EQT, CNX, PQ, SEP, KMP, and others.
I'm going, like, wtf, people?
I guess they don't teach algrebra one in schools anymore ... as long as the kids are well-mannered and they can affect a pleasant mood and the behave and follow most of the rules, they get outstanding grades and remain as stupid as ever.
Anyway, the same trends are in place. We are in the season of the beginning of the build. Its strongest during the spring, before the air conditioners start to drain the grid. If we build between 70 and 80 each week (unlikely during the hottest summer months), then by the end of October we will have added about 1.6 tcf to the underground storage for next winter. that's about the same amount that we added during the previous build season and during the one before that.
However, to reiterate: where we ended the draw season last winter was at 800 bcf ... but the previous year we still had 1.6 tcf left over and the year before that we had 2.4 tcf left over.
and to reiterate about demand .... the population continues to increase, the number of dwellings and large office buildings and malls continues to increase, the number of operating coal generating plants continues to decrease, the number of gas electrical generating plants continues to increase, and the number of industrial factories built and operated by foreign countries, fertilizer, plastics, other complex chemicals, which require in order to take advantage of cheap north american natural gas is rapidly expanding, the number of buses and trucks built to run on natural gas keeps increasing ...
and to reiterate about supply ....Encana continues to sell off gas assets trying desperately to remake itself into an oil company, EQT plans no new expansions, the total number of rigs drilling for gas continues to hold at a ten year low, NIMBY idiots continue to block the construction of much-needed new pipelines, and the selfish pigs in Congress are promising to sell our gas to Europe to replace the russian gas because they think the USA is all powerful and awash in gas, so to speak ....
Which all adds up to the same simple conclusion ... we are still right on track to run out, completely, around February, 2015 ....
So don't act surprised when the grid goes down and never comes back up. It was there all the time for you to see it coming .....if you'd only looked with your own eyes instead of letting someone else do your thinking and calculating for you .....
Wednesday, May 7, 2014
Ukraine
so far I have refrained from saying anything about this.
The following chart is pretty well known and it says all that needs to be said on the subject.
The following chart is pretty well known and it says all that needs to be said on the subject.
Wednesday, April 16, 2014
Saturday, April 5, 2014
boobies
This is a naked attempt to increase my readership.
Its simply a collection of red-footed boobie photos.
Its simply a collection of red-footed boobie photos.
one boobie
two boobies
lots of boobies
Thursday, April 3, 2014
gas update
The EIA report this morning represents what is highly likely to be the low point of the year. Today's report shows a mere 822 bcf remaining in inventory. This is less than HALF of the 5 year average. My predictions of last summer and fall have come to pass.
Nevertheless, the marketplace has only begun to respond to the situation. Relatively few participants see the paradigm change that I have called for.
The good folk running Encana are still selling good performing assets at bargain basement prices. They are anticipating years and years more of continental overproduction and low margins.
The prices on the commodity exchange have seen some exciting moments, as $6.00 was touiched a few times before settling back to around $4.40.
Clearly the majority of participants are still expecting all the drillers to go out and drill with exuberance like they did 8 years ago after the prices touched $16.
Its not gonna happen. They were burned. burned badly. Even if Wall Street denizens have short memories, drillers have long ones. Besides, $4.50 is hardly $16. Its still barely profitable in many regions to frack a new well if that's all they can expect to receive.
But there are still the issues of new demand, of all the cola generating capacity which has been replaced with gas generating capacity in the past 6 years. Of increased needs for air conditioning, for nitrogen fertilizer, and for NG-powered vehicles.
Now, on top of all of that, there is a need to replenish the inventories ... somewhere before next fall, the country needs to come up with around 3.2 trillion cf, over and above what is uses, to puit back into storage for the next winter.
Else there could be just a little bit of panic, beginning just about hurricane season.
For those of you looking for trades, the out year contracts (more than 12 months away) on the CME look awfully juicy, if you are heeled enough to play in that sandbox. For stocks, most of the gassers still look to be too conservative. They are selling too much of their future production in order to lock in these current low prices. However, most of the Wall Street analysts, as well as Zacks, Morningside, et. al., still believe that Consol Energy is nothing but a coal company.... they have only been developing their gas reserves for the last twenty years, its still too new to notice ... their E&R program this year, well-funded, is ambitiously predicting a 30% rise in total output from last year ... right in the back yard of the consuming region, in western Maryland, West Virginia, and southwestern Pennsylvania, the best of the Marcellus shale ...this is a long term opportunity in a market where bargains are very, very hard to find these days ...also the pipeline operators such as Spectra Energy have great appeal, for those who desire steady, strong income (>5%) and relative safety ...
For the rest of you, homeowners, need to stock up on sweaters and blankets, because heat next winter is going to cost you more than you have ...
Nevertheless, the marketplace has only begun to respond to the situation. Relatively few participants see the paradigm change that I have called for.
The good folk running Encana are still selling good performing assets at bargain basement prices. They are anticipating years and years more of continental overproduction and low margins.
The prices on the commodity exchange have seen some exciting moments, as $6.00 was touiched a few times before settling back to around $4.40.
Clearly the majority of participants are still expecting all the drillers to go out and drill with exuberance like they did 8 years ago after the prices touched $16.
Its not gonna happen. They were burned. burned badly. Even if Wall Street denizens have short memories, drillers have long ones. Besides, $4.50 is hardly $16. Its still barely profitable in many regions to frack a new well if that's all they can expect to receive.
But there are still the issues of new demand, of all the cola generating capacity which has been replaced with gas generating capacity in the past 6 years. Of increased needs for air conditioning, for nitrogen fertilizer, and for NG-powered vehicles.
Now, on top of all of that, there is a need to replenish the inventories ... somewhere before next fall, the country needs to come up with around 3.2 trillion cf, over and above what is uses, to puit back into storage for the next winter.
Else there could be just a little bit of panic, beginning just about hurricane season.
For those of you looking for trades, the out year contracts (more than 12 months away) on the CME look awfully juicy, if you are heeled enough to play in that sandbox. For stocks, most of the gassers still look to be too conservative. They are selling too much of their future production in order to lock in these current low prices. However, most of the Wall Street analysts, as well as Zacks, Morningside, et. al., still believe that Consol Energy is nothing but a coal company.... they have only been developing their gas reserves for the last twenty years, its still too new to notice ... their E&R program this year, well-funded, is ambitiously predicting a 30% rise in total output from last year ... right in the back yard of the consuming region, in western Maryland, West Virginia, and southwestern Pennsylvania, the best of the Marcellus shale ...this is a long term opportunity in a market where bargains are very, very hard to find these days ...also the pipeline operators such as Spectra Energy have great appeal, for those who desire steady, strong income (>5%) and relative safety ...
For the rest of you, homeowners, need to stock up on sweaters and blankets, because heat next winter is going to cost you more than you have ...
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