[REUTERS] Burkina Faso ...The country in west Africa that they put where Upper Volta used to be. Its capital is Oogadooga, or something like that. Its president is currently Blaise Compaoré, who took office in 1987 and will leave office feet first, one way or the other... 's army cleared thousands of protesters from the capital and fired warning shots at state TV headquarters on Sunday as it sought to tighten its grip on power following the resignation of President Blaise Compaore two days ago.
Compaore's 27 years in charge of the landlocked former French colony ended abruptly on Friday after two days of mass protests aimed at thwarting his bid to change the constitution to extend his rule.
The army then selected Lieutenant Colonel Isaac Zida as transitional leader, overriding an earlier claim by the army chief of staff.
But on Sunday there were signs of discontent with the appointment as thousands gathered in the capital Ouagadougou to demand a return to civilian rule, in line with the West African country's constitution.
If successful it would be the first time the constitution has been obeyed...
Posted by: Fred ||
11/03/2014 00:00 ||
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[ARABNEWS] The recent decline in oil prices casts further doubts on the shale oil hype. Last summer the Energy Information Administration (EIA, a branch of the US government) published a compilation of data on cash flow generated by major oil companies.
It showed how flat oil prices had translated into a flat flow of cash coming from operation.
The problem came from the expenditures side, which were much higher than the cash generated, around $110 billion for the fiscal year ending in March 2014.
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Posted by: Fred ||
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#1
As usual, I may be wrong but I thought the current lowering of oil prices was because of the increase in shale oil production.
Anyone?
#2
Shale oil production has been very successful in increasing supply, which of course decreases prices. But shale oil production also costs a lot, so as prices decrease. their profit margins decrease, and thus drilling slows down. I suspect the 'traditional' oil they refer to are mainly big-bucks projects, in deep water or international, which have long-term contractural obligations and cannot be turned off (or on) in a month, the way shale well drilling can.
#3
Correct Glen. The pumping of traditional stripper wells [low production wells in Ok, Tx, IL, IN, KY, OH, PA, etc.] will taper off first. They are expensive to operate in relationship to the amount of production they produce.
#5
Ship, you keep using that word. I do not think it means what you think it does.
Posted by: Rambler in Virginia ||
11/03/2014 12:08 Comments ||
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#6
We seldom shut in stripper wells due to price drops - the capital investments were made ages ago and the daily expenses aren't that high. What usually happens is that something in the well or its production system breaks, and THAT costs more to fix than the lower price oil is worth, so we abandon the well. But since abandonment costs money, we try to delay until oil prices have fallen enough that the service companies are hungry for work and cut their prices.
#8
Interesting update Glen. Things have changed a little in the oil patch in 45 years. Years ago, when oil prices sky rocketed, pump jacks were moving everywhere. We had a lot of what were called "tramp pumpers" who serviced the old leases when needed. Most of the production went into 210 barrel tanks for tank truck pick up.
To answer your question on fracking; I don't remember seeing old wells fracked. Sometimes they would get re-energized due to water-flooding however.
#9
.......'Waterflooding' was a technique whereby water was injected [via input wells] into an oil bearing formation in a pattern that would force the oil in the direction of an operating well or lease. Don't even know if it's done anymore. Could have been outlawed by the EPA.
I remember a farmer calling in a leak one time. Crude oil was running down a ditch near hill and wooded area. He had cattle and wanted the leak fixed. Cows will stand and drink crude oil until they fall over dead. The leak, wasn't exactly a leak after all. It was an old well that had been poorly capped. Waterflooding in the an adjacent area had forced crude oil up the old casing and out onto the ground.
#11
Waterflooding' was a technique whereby water was injected [via input wells] into an oil bearing formation in a pattern that would force the oil in the direction of an operating well or lease. Don't even know if it's done anymore. Could have been outlawed by the EPA.
It is still being used near Hennessey, Okla, a year ago, last I heard.
[Iran Press TV] Exit polls in the self-proclaimed republics of Donetsk and Lugansk in eastern Ukraine show that pro-Russians are poised to win the Sunday elections.
According to the polls, Alexander Zakharchenko, the prime minister of the Donetsk People's Republic, and his party are on course to win both presidential and parliamentary elections.
Zakharchenko, who was competing against two other candidates for the leadership of Donetsk region, won over 81 percent of the vote, the polls showed.
Donetsk Republic party also outdid three other rivals to claim most seats in the region's local parliament, also known as the Popular Assembly.
Officials said more than 60 percent of the eligible voters turned out to vote both in Donetsk and Luhansk.
Ukraine has dismissed the vote and opened a criminal investigation into it.
Ukrainian President Petro Poroshenko described the vote as "a farce, (conducted) under the barrels of tanks and machineguns," adding, "I hope Russia will not recognize the so-called elections because they are a clear violation of the September 5 Minsk protocol, which was also signed by Russia's representative."
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[TELEGRAPH.CO.UK] There were no voter lists, no international observers, and only one real candidate. But for voters who turned out for Sunday's rebel-organised elections in eastern Ukraine, there were plenty of cut-price root vegetables.
At polls in the self-declared "people's republics" of Donetsk and Luhansk, stalls outside were selling beetroots, potatoes, onions and carrots for barely a few pence per sack.
Who was subsidising the election-cum-farmers' market was not quite clear. But it was widely suspected to be an attempt by the region's new leaders to maximise voter turnout ‐ and give the polls a much-needed stamp of legitimacy.
"These elections are extremely important," said Alexander Zakharchenko, the incumbent "prime minister" of the Donetsk People's Republic, as he cast his ballot on Sunday. "Today our people will decide the future fate of our state." Mr Zakharchenko left his usual camouflage fatigues at home, instead arriving to vote in a blue suit. His choice of clothes seemed calculated to signal the Donetsk People's Republic transition from a chaotic armed movement to a conventional state, and his own personal transition from a soldier to a politician.
Posted by: Fred ||
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#1
They didn't happen to ferment them potatoes first now, did they?
[Iran Press TV] American peace activist Richard Becker says the US empire has been trying to capture Ukraine on order to bring it into its orbit.
Becker, a leader of the ANSWER Coalition, a US-based protest umbrella group consisting of many antiwar and civil rights organizations, made the remarks on Sunday while commenting on a statement by Washington against the elections in eastern Ukraine.
On Sunday, the people in Ukraine's Luhansk and Donetsk regions went to the polls to elect their leaders and parliamentarians.
The United States said it would not recognize the elections in Ukraine's eastern regions, where the United Nations ...aka the Oyster Bay Chowder and Marching Society... says over 4,000 people have been killed.
"We deplore the intent of separatists in parts of eastern Ukraine to hold illegitimate so-called local elections on Sunday," White House National Security Council spokeswoman Bernadette Meehan said in the statement issued on Friday.
Posted by: Fred ||
11/03/2014 00:00 ||
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[IN.REUTERS] Romanians seem likely to propel Prime Minister Victor Ponta into the presidency in elections that began on Sunday, consolidating his leftist Social Democrat party's hold on power but raising questions about judicial independence.
But I think we all saw this coming...
Exit polls at 1900 GMT showed Ponta, a former prosecutor and amateur rally driver who became the European Union ...the successor to the Holy Roman Empire, only without the Hapsburgs and the nifty uniforms and the dancing... 's youngest prime minister two years ago, ahead of his nearest challenger, an ethnic German mayor backed by two centre-right parties.
The two are likely to compete in a run-off on Nov 16. Four different exit polls showed Ponta in the lead with between 6-10 points over Klaus Iohannis, who will try to rally the anti-Ponta vote around him in order to close the gap.
A Ponta presidency could bring more stability to the Black Sea country of 20 million, which endured a painful recession and spending cuts during the global slowdown and has made mixed progress in implementing reforms under an IMF-led aid deal.
As prime minister, Ponta often feuded with his bitter rival, outgoing President Traian Basescu, which stymied policymaking.
Posted by: Fred ||
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[ARABNEWS] Governments can keep climate change in check at manageable costs but will have to cut greenhouse gas emissions to zero by 2100 to limit fast-worsening risks, a UN report showed.
The 40-page synthesis, summing up 5,000 pages of work by 800 scientists already published since September 2013, said global warming was now causing more heat extremes, downpours, acidifying the oceans and pushing up sea levels.
"There is still time, but very little time" to act at manageable costs, Rajendra Pachauri, chair of the Intergovernmental Panel on Climate Change (IPCC), told Rooters.
He was referring to a UN goal of limiting average surface temperature rises to 2 degrees Celsius (3.6F) above pre-industrial times. Temperatures are already up 0.85 C (1.4F).
To get a good chance of staying below 2C, the report says that world emissions would have to fall to "near zero or below in 2100." UN Secretary-General the ephemeral Ban Ki-moon ... of whom it can be said to his credit that he is not Kofi Annan... will help present the report in Copenhagen on Sunday.
The study, given authority by the approval of officials from more than 120 governments in a week of editing, will be the main handbook for 200 nations which are due to agree a UN deal to combat global warming in Gay Paree in late 2015.
Posted by: Fred ||
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#4
How do the leftists explain the climate change that resulted in the extinction of the dinosaurs? A period of global warming followed by global cooling? Man wasn't around then to cause this cooling.
#9
CBS This Morning gave this story a whole lot of air time this morning. There was no balance in the report, not even the slightest effort to find differing opinions. So, according to CBS, you are all bad, ignorant, dangerous people for being skeptical about this and the next time Barack Obama wants to give half a billion dollars of your money to some of his cronies for a phony solar energy company you better just shut your mouths.
Many people will remember the strident headline at the end of November blaring: "Western lifestyle unsustainable, says climate expert Rajendra Pachauri". That was the version in The Guardian, but other papers carried something very similar.
How so very different might have been the reception had the newspapers carried a photograph of the house occupied by multi-millionaire businessman Dr Rajendra K Pachauri, currently 160 Central Golf Links Road, New Delhi. This is situated in a delightful residential area (pictured above and below) very close to Khan Market, the most expensive market in India.
It is described as one of the most expensive places to live in India. The cheapest houses sell for millions of US dollars. It is considered one of the richest neighborhoods in India and the name is inspired by the Delhi Golf Course nearby. It has only 210 detached houses.
#12
Yet nuclear reactors produce little or no CO2, and could produce a large fraction of the world's electrical needs. But every time someone proposes building a nuke plant, the greenies scream and shout and pull out all the stops to block it.
Posted by: Rambler in Virginia ||
11/03/2014 16:24 Comments ||
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#13
Sounds like more of the Soros-funded Agenda 21 crowd coming up with crazy, crazy stuff.
#15
So-o-o IIUC, IOW be it Global Secular Communism-Socialism or Global Islam, THE US-WORLD IS NOT GOING INTO SPACE NOR WILL THERE BE GLOBAL/UNIVERSAL DEV + INDUSTRIALIZATION, ETC. IN SUPPORT OF SAME???
Instead of Global/Universal "Progress" or "Prgressivism", IT WILL BE GLOBAL/UNIVERSAL REGRESSIONISM + ISOLATIONISM, DEGRESSION + DE-EVOLUTION, INSTEAD???
* [Once again, 1960'S-70'S = 2014 "INTERSTELLAR" Movie HERE].
#1
Turn them over to the Army. The Air Force never wanted them anyway and make an exception that fixed wing aircraft can be flown by the Army in ground support roles.
Let the Air boys go play with their high and fast planes.
#2
And if the Air Farce is unwilling to turn the A-10 over to the Army, then start firing every general that recommends retiring the A-10. And yes, I am seriously sick of the Air Farce's arrogance.
[ARABNEWS] A Tehran court has tossed in the calaboose Drop the heater, Studs, or you're hist'try! for one year a British-Iranian woman who was incarcerated Please don't kill me! after trying to attend a volleyball match, in a decision condemned Sunday as an outrage.
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Posted by: Fred ||
11/03/2014 00:00 ||
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A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
[Iran Press TV] Exit polls in the self-proclaimed republics of Donetsk and Lugansk in eastern Ukraine show that pro-Russians are poised to win the Sunday elections.
the ephemeral Ban Ki-moon
