[Motley Fool] With pipeline constraints stalling growth, several oil producers are starting to shift their focus to this emerging oil play.
The Permian Basin, which stretches across western Texas and the southeast corner of New Mexico, is the fastest-growing oil-producing region in the world. Output currently stands at around 3.3 million barrels per day (BPD) and has increased an astounding 800,000 BPD over the past year, which represents more than half of the worldwide production increase. That fast-paced growth, however, is about to come to a screeching halt because there is only enough pipeline capacity to move 3.6 million BPD. While the industry is building new pipelines as fast as it can, the current bottleneck could last until late next year.
Because the Permian expects to slow to a crawl in the next year, it's opening the door for the Powder River Basin (PRB) of Wyoming to emerge as the industry's new growth engine. That gives producers with land in the region a leg up on the competition, which is why investors should put this area on their radar.
#2
Wow. Had not heard about this one. As Palin said, "drill baby drill".
Skid how are the American steel companies doing? Are they coming back? I Haven't been following them.
I'm still a big fan of concrete walls. The wall design with the see through base has always disturbed me. Anyone with a rope could (and will) simply toss a rope over and tie it off at the base.
#3
#2 Israel has developed technologies that have dramatically curtailed undesirables crossing over. Notice I didn't say deplorables. The work is done. They have done the research and what they have deployed works.
neither employment data nor corporate data are really 'up to date'
looking at the Bureau of Labor Stats info for NAICS 3311 which covers both the milling and the forming companies, the data only go thru 2017 and are only preliminary at that (the data comes from self reporting by private companies and sometimes contains some big errors that have to be investigated)
They do seem to show a stabilization of total employment in that industrial category after years of decline.
Posted by: lord garth ||
08/28/2018 8:51 Comments ||
Top||
#5
Something here a week or ten days ago about the Gary Works investing $750 million because of the 'tarrif/trade war'.
Posted by: Bobby ||
08/28/2018 9:10 Comments ||
Top||
h/t Instapundit
Fifty years ago tonight, a great American political party was murdered by its own children and closest friends.
The party in question was the Democratic party of Franklin Roosevelt, Harry Truman, and JFK, which perished during the riots in Grant Park, Chicago, on the night of Aug. 28, 1968, in the midst of the party’s national convention.
Its children in this case were the rioters from the anti‐Vietnam War Left. After killing off the traditional liberal Democratic party they despised, they would go on to take over the corpse and make it the host of America’s radical Left, from Jerry Brown to Bernie Sanders ‐ with George McGovern, Nancy Pelosi, and Barack Obama as their front men.
The friends who joined in the kill were the mainstream media. Their coverage of the riots, that night and later, would make the SDS demonstrators and their violent cohorts ‐ the predecessors of today’s antifa ‐ into martyrs of "police brutality" and Chicago mayor Richard J. Daley’s "Gestapo tactics," as one Democratic senator from Connecticut put it in a speech to the convention that night, when they had in fact been ‐ like today’s antifa ‐ the deliberate instigators of mayhem and bloodshed. Starting that night the New York Times, the Washington Post, and ABC and CBS News would become the enablers of America’s radical Left, even at its most violent ‐ and in the process cut themselves off from the millions of ordinary working Americans who had made the Democratic party their political home.
[Breitbart] Monday on Fox News Channel’s "Hannity," conservative talker Mark Levin said he thought President Donald Trump was in "great shape" on what would be impeachable given the alleged indiscretions of which his opponents are accusing him occurred before his presidency.
Levin cited case law, noting that the standard for presidents and vice presidents was different than that for judges.
"Well, the president is actually in great shape when it comes to the law and when it comes to impeachment," Levin said. "On impeachment, all we have to do is vote and make sure the Democrats don’t win, and then he won’t be impeached. There is an idea. Anyway, that’s the headline, though ‐ the president is in very good shape. You cannot impeach a president on events that occurred before he was president. I don’t know people are aware of this. The precedent is the Vice President [Colfax] case in 1873. Judges different ‐ presidents, vice presidents on events that occurred beforehand. So even if they load up their phony list, we ought to keep that in mind."
#4
We really need the death penalty for government employees who refuse to answer questions related to their job and their performance of it. If saying "I can't recall" leads to standing in front of a wall and being offered a blindfold, they're going to start remembering.
#5
Lincoln was cursed by papers in the north and south. For a real understanding of how bad it was read the three volume set “The Civil War: A Narrative” by Foote
Below is another example. The elites or his age are simalar to today’s elites are treating Trump.
“Mr. Lincoln's Flight by MoonlighLincoln was cursed by papers in the north and south. For a real understanding of how bad it was read the three volume set “The Civil War: A Narrative” by Foote
“Mr. Lincoln's Flight by Moonlight Alone," suggested the president deserved "the deepest disgrace that the crushing indignation of a whole people can inflict." The New York Tribune joked darkly, "Mr. Lincoln may live a hundred years without having so good a chance to die."
https://www.battlefields.org/learn/articles/evidence-unpopular-mr-lincolnt Alone," suggested the president deserved "the deepest disgrace that the crushing indignation of a whole people can inflict." The New York Tribune joked darkly, "Mr. Lincoln may live a hundred years without having so good a chance to die."
https://www.battlefields.org/learn/articles/evidence-unpopular-mr-lincoln
Posted by: CC Reader ||
08/28/2018 21:07 Comments ||
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[WSJ] Mueller is determined to sniff out any wrongdoing he can find‐on one side.
U.S. Attorney Robert Khuzami took a few moments in his Tuesday statement about Michael Cohen’s plea deal to sing neutrality’s praise: "His day of reckoning serves as a reminder that we are a nation of laws, with one set of rules that applies equally to everyone."
Noble words, and they used to mean something. But a disparity of justice is at the heart of our current crisis of faith in institutions. Americans aren’t outraged that the Federal Bureau of Investigation felt obliged to investigate allegations leveled at campaigns, or that a special counsel is looking at Russian electoral interference. They are instead furious that Lady Justice seems to have it in for only one side.
The country has watched the FBI treat one presidential campaign with kid gloves, the other with informants, warrants and eavesdropping. They’ve seen the Justice Department resist all efforts at accountability, even as it fails to hold its own accountable. And don’t get them started on the one-sided media.
And they are now witnessing unequal treatment in special counsel Robert Mueller’s probe. Yes, the former FBI director deserves credit for smoking out the Russian trolls who interfered in 2016. And one can argue he is obliged to pursue any evidence of criminal acts, even those unrelated to Russia. But what cannot be justified is the one-sided nature of his probe.
Consider Mr. Cohen, the former Trump lawyer who this week pleaded guilty to eight felony charges. Six related to his personal business dealings; the other two involved campaign-finance violations arising from payments to women claiming affairs with Donald Trump. The criminal prosecution of campaign-finance offenses is exceptionally rare (most charges are civil), but let’s take Mr. Khuzami’s word for it when he says Mr. Cohen’s crimes are "particularly significant" because he’s a lawyer who should know better, and also because the payments were for the purpose of "influencing an election" and undermining its "integrity."
If there is only "one set of rules," where is Mr. Mueller’s referral of a case against Hillary for America? Federal law requires campaigns to disclose the recipient and purpose of any payments. The Clinton campaign paid Fusion GPS to compile a dossier against Mr. Trump, a document that became the basis of the Russia narrative Mr. Mueller now investigates. But the campaign funneled the money to law firm Perkins Coie, which in turn paid Fusion. The campaign falsely described the money as payment for "legal services." The Democratic National Committee did the same. A Perkins Coie spokesperson has claimed that neither the Clinton campaign nor the DNC was aware that Fusion GPS had been hired to conduct the research, and maybe so. But a lot of lawyers here seemed to have been ignoring a clear statute, presumably with the intent of influencing an election.
Prosecutions under the Foreign Agent Registration Act (FARA) are also exceptionally rare, though Mr. Mueller is getting media kudos for hammering the likes of Paul Manafort and Rick Gates for failing to register as lobbyists for foreign entities. The law is the law.
But under this standard, where are the charges against the principals of Fusion GPS, who Sen. Chuck Grassley has said look to have been lobbying on behalf of powerful Russians against a U.S. sanctions law, with its payment again funneled through a law firm? This was a sideline to its dossier work, but Mr. Mueller usually has no issue with sideline charges.
Or what about an evenhanded look at dossier author Christopher Steele ? FARA also requires foreigners to register if they act on behalf of a foreign principal. Recently disclosed emails from senior Justice Department official Bruce Ohr show the British Mr. Steele pleading the case to the Justice Department on behalf of a Russian oligarch, Oleg Deripaska.
Of the seven U.S. citizens Mr. Mueller has charged, five have been accused of (among other things) making false statements to federal officials. But there have been no charges against the partisans who made repeated abjectly false claims to the FBI and Justice Department about actions of their political opponents. There have been no charges against those who leaked classified information, including the unprecedented release of an unmasked conversation between former national security adviser Mike Flynn and a Russian ambassador. Nothing.
Some of these charges might not stand up in court, but that’s beside the point. Plenty of lawyers would poke holes in the campaign-finance charges against Cohen, or the "lying" charges against Mr. Flynn. Special counsels wield immense power; the mere threat of a charge provokes plea deals. It’s the focus that matters.
Prosecutors can claim all they want that they are applying the law equally, but if they only apply it to half the suspects, justice is not served. Mr. Mueller seems blind to the national need for‐the basic expectation of‐a thorough look into all parties. That omission is fundamentally undermining any legitimacy in his findings. Lady Justice does not wear a blindfold over only one eye.
Short snippet:
[BBC] Other studies have found that women on oral contraception remember emotional stories more like men ‐ recalling the gist more than the details. They’re also not as good at recognising emotions in others, such as anger, sadness, or disgust ‐ just like men. It looks suspiciously like certain types of pill are "masculinising" women’s brains.
[AP] LAS VEGAS (AP) ‐ Nevada’s most famous legal pimp can re-open his brothel near Las Vegas after county officials ordered it closed, a judge ruled Monday.
Dennis Hof, who starred in the HBO adult reality series "Cathouse," and is a Republican candidate for a state legislative seat, sued officials in Nye County after they shuttered his Love Ranch brothel earlier this month. The bordello near Pahrump, about an hour away from Las Vegas, is one of several that Hof owns.
County officials said Hof had failed to renew his licenses and pay fees for the brothel, where NBA player Lamar Odom was found unconscious in 2015.
Judge Richard Boulware on Monday noted other brothels in the county that were similarly late paying renewal fees were not punished, the Las Vegas Sun reported. Boulware also noted votes by two county commissioners to yank Hof’s license could have been in retaliation for separate lawsuits he has filed against them.
The judge ruled Hof could reopen his brothel Tuesday.
Hof estimated he lost $100,000 in the three-week closure, which follows a similar dispute earlier this year when his license was temporally suspended over permits for renovations. He maintains the disputes with the county are politically-motivated.
"It’s right over might," Hof said. "The county did bad things to me; they took away my business, affecting 40 peoples’ families and the judge saw right through it. It’s political retribution."
County spokesman Arnold Knightly says officials will look at revamping its licensing process ‐ including the way that brothels are notified about their expired fees.
Hof’s regulatory problems come as a coalition of religious groups and anti-sex trafficking activists have pushed to overturn a law allowing brothels to operate. Voters in Lyon County, where Hof has four brothels, will consider the issue in November. A similar effort failed in Nye County.
Hof, who has billed himself as "The Trump of Pahrump," has upended local politics after ousting an incumbent GOP lawmaker in a primary this summer.
Brothels, which are illegal in the counties that contain Las Vegas and Reno, harken back to Nevada’s days as a mining territory about 150 years ago. Brothels were illegal but tolerated in some areas until 1971, when the Mustang Ranch near Reno became the first legal brothel. It led to a movement that allowed counties with populations of 700,000 people or fewer to decide whether to legalize prostitution in licensed facilities. Outside of bordellos, prostitution is illegal.
About 20 brothels operate in Nevada, mostly in rural areas. The state doesn’t publicize how many are open, and most owners keep a much lower profile than Hof.
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.
[Motley Fool] With pipeline constraints stalling growth, several oil producers are starting to shift their focus to this emerging oil play.
[Breitbart] Monday on Fox News Channel’s "Hannity," conservative talker Mark Levin said he thought President Donald Trump was in "great shape" on what would be impeachable given the alleged indiscretions of which his opponents are accusing him occurred before his presidency.
