U.S. Oil Glut An EIA Invention?
By BFP Staff Monday, June 29, 2015
By Leonard Brecken for Oilprice.com
In the latest weekly production data from the EIA, on the back of recent March revisions, the U.S. managed to post a 76,000 barrel per day increase in the lower 48. Production from Alaska fell by 61,000 barrels per day, putting overall U.S. output 15,000 barrels per day higher for the week ending June 12 compared to the previous week.
This comes at a time when multimillion barrel draws have become the norm. It is important to note that lower 48 production is estimated based on an EIA black box model, while Alaska is virtually real time data. That suggests that the weekly supply estimates are hugely overestimated.
Why Buffett Bet A Billion On Solar Miles Per Acre Per Year
By BFP Staff Friday, June 26, 2015
By Henry Hewitt for Oilprice.com
During the late innings of the ICE-age (as in the Internal Combustion Engine age) it has become clear that feeding gasoline and diesel to the next billion new cars is not going to be easy, or cheap. In China alone, 500 million new vehicles can be expected to jam the roads between now and 2030.
That may sound far-fetched but considering annual sales have already made it to 25 million units per year (vs. around 17 million in the U.S. – China became the top market in 2009), it only requires a 4 percent growth rate to reach that target in fifteen years.
Erdogan’s Fall From Grace
By BFP Staff Thursday, June 25, 2015
By Dr. Alon Ben-Meir
Turkish President Erdogan’s May 2013 plan to raze Gezi Park in Central Istanbul and replace it with a replica 19th century Ottoman barrack prompted anti-government protests in Istanbul and other cities across Turkey, which led to violent confrontations where the police used disproportionate force. Thousands of demonstrators were injured, and thousands more faced legal proceedings and lost their jobs. Some defendants were charged with terrorism offenses (many are still on trial) and many others spent up to 10 months in detention before being bailed out. I believe that the Gezi Park incident was a historic turning point marking the beginning of the end for Erdogan’s political fortunes.
Expect A Wave Of Consolidation In The Oil Industry
By BFP Staff Wednesday, June 24, 2015
By Leonard Brecken of Oilprice.com
As stated previously, asset monetization by small E&P operators will start in earnest in the second half of this year out of cash flow necessity. Most, if not all, smaller market capitalization companies, public or private, are still free cash flow negative (operating cash flow less capital expenditure) and only a few of the larger ones are now, or will be, based on guidance. The point is, with volumes languishing (and probably poised to decline) tied to a flat oil futures price curve and with economics marginal at $60 per barrel, many E&P operators find themselves running through hedges in 2015 and still in need to finance their already reduced capital spending.
How Much Energy Does The Super Bowl Use?
By BFP Staff Saturday, June 20, 2015
By Michael McDonald of Oilprice.com
In the pantheon of American culture, no event is more iconic and distinctly American than the Super Bowl. Like all things American, the Super Bowl is huge, expensive, and a source of incredible passion for fans. Just running a 30-second commercial to the more than 100 million people that watch the game costs nearly $5 million.
So how much electricity and energy go into putting on the Super Bowl?
There are lots of components here, but the biggest indisputable three are TVs used to watch the game, lighting and possibly climate control in a stadium, and fuel used in traveling to the game (by car or plane).
Projecting the future of the Mexican drug war
By Jeffrey Haire Friday, June 19, 2015
Mexico’s fate in the war against the cartels will likely be the same as Colombia’s———a mixed outcome with the omnipresent global demand for drugs keeping neo-syndicates in operation.
On Sunday, May 8th, tens of thousands of Mexicans marched to the capital to demonstrate for peace and a change in tactics in the four-1/2 year war launched by Mexican President Felipe Calderon against the cartels controlling the profitable drug trade routes north to the U.S. border. Like Colombia’s Alvaro Uribe, Calderon has wielded the mano duro as President, in response to the narco-violence and corruption that have left nearly 35,000 people dead in Mexico since 2006.
Triangle in Anapoima Mandarino Tree Parrot Soap Opera of All Time!
By Judi McLeod Sunday, May 31, 2009
Step aside, Julio Iglesias and all you other romantic Latino singers, Paco the Parrot is here.
Bogota Free Planet (BFP) promised they would record for CFP the Parrots of Anapoima belting out the haunting refrain from the song “Cucurrucucu Paloma”, and that’s just what they did.Colombia gets 7 gold medals in one day
By Jorge Luis Pardo Friday, October 28, 2011
October 26 is a day to remember for Colombia: 7 gold medals in one day at the Pan American Games in Guadalajara. Athletics, skating, weightlifting and gymnastics are the winners.
Vitamin C: If It’s Good For Gorillas Why Not Us
By Dr. Gifford Jones Thursday, October 21, 2010
Are you headed for a heart attack because of “marginal scurvy”, a condition resulting from a lack of vitamin C? Moreover, if vitamin C is sound medicine for gorillas, why isn’t it good for us? And in the 16th century, why did the ship’s cat survive long sea voyages when its sailors died from scurvy?
Today, we know that sailors of old, lacking vitamin C, died of this preventable disease. A shortage of fresh fruit in their diet resulted in degeneration of blood vessels, hemorrhage and death.
Networked Devices Spread Your Photos, Music Around
By Jim Bray Thursday, December 16, 2010
Media servers are becoming popular in this age of wireless home networks, delivering audio and video content from a computer or the Internet to whatever device you may want to use, within reason.
I usually use such devices to stream music, because most of the videos I watch are on Blu-ray and no matter how much hype you hear about downloads taking over, there are still bandwidth and file compatibility issues. I admit reluctantly to accessing YouTube and its ilk for some casual viewing sometimes, but media servers are increasingly playing back music in other rooms of my house.