tag:blogger.com,1999:blog-21297199.post4389137546069871717..comments2024-03-28T06:32:24.557-04:00Comments on The Elephant Bar: Venezuela un-pluggedDeuce ☂http://www.blogger.com/profile/13472858446242700869noreply@blogger.comBlogger35125tag:blogger.com,1999:blog-21297199.post-75543782101190117202014-02-18T10:25:56.103-05:002014-02-18T10:25:56.103-05:00Btw, Venezuelan oil production is down about 40% f...Btw, Venezuelan oil production is down about 40% from its high in the mid-90's (approx. 2.1 million bbl/day vs. 3.4 million bbl/day.Rufus IIhttps://www.blogger.com/profile/05297231055991566183noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-14197227518240333882014-02-18T10:10:12.696-05:002014-02-18T10:10:12.696-05:00Meantime, Nat Gas is getting close to that "T...Meantime, Nat Gas is getting close to that "Triple" (up 185% from the now legendary "Rufus Call.")<br /><br />:)Rufus IIhttps://www.blogger.com/profile/05297231055991566183noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-563029997873531192014-02-18T09:50:17.712-05:002014-02-18T09:50:17.712-05:00Of course, that's nothing compared to "Te...Of course, that's nothing compared to "Texas wind." Wind output hit 9,674 Megawatts in Texas on May 2, 2013. <br /><br />They have over 12,000 Megawatts capacity, and almost twice that much in the queue.<br /><br /><a href="http://www.awea.org/Resources/state.aspx?ItemNumber=5183" rel="nofollow">AWEA Data for Texas</a>Rufus IIhttps://www.blogger.com/profile/05297231055991566183noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-7946612853023964312014-02-18T09:35:25.512-05:002014-02-18T09:35:25.512-05:00Meanwhile, California continues to routinely hit 3...Meanwhile, California continues to routinely hit 3,200 Megawatts of Solar (up from about 300 two years ago.)<br /><br /><a href="http://content.caiso.com/green/renewrpt/20140217_DailyRenewablesWatch.txt" rel="nofollow">This IS Good</a>Rufus IIhttps://www.blogger.com/profile/05297231055991566183noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-69506197579365966422014-02-18T09:29:21.001-05:002014-02-18T09:29:21.001-05:00The big oil companies just aren't finding much...The big oil companies just aren't finding much oil. Last year was the worst for "discoveries" in a long, long time. As a result, they're pulling back on the Exploration budgets, dramatically, and some (Shell, for ex.) are <b>selling assets in order to pay dividends.</b><br /><br />This ain't good.Rufus IIhttps://www.blogger.com/profile/05297231055991566183noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-74898850556034559022014-02-18T08:46:22.531-05:002014-02-18T08:46:22.531-05:00This comment has been removed by the author.Jack Hawkinshttps://www.blogger.com/profile/00342056653466462640noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-49337576770862286102014-02-18T08:33:47.091-05:002014-02-18T08:33:47.091-05:00This comment has been removed by the author.Jack Hawkinshttps://www.blogger.com/profile/00342056653466462640noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-62520422921146620462014-02-18T06:05:33.500-05:002014-02-18T06:05:33.500-05:00Did you know?
The cycles of the past have shown t...Did you know?<br /><br />The cycles of the past have shown that about 90,000 of every 100,000 years have been ice ages. It's been 12,000 years since the last one.Anonymoushttps://www.blogger.com/profile/16706703899413962681noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-72929908478996674682014-02-18T06:00:21.601-05:002014-02-18T06:00:21.601-05:00An inconvenient truth:
* The US is the only major...An inconvenient truth: <br />* The US is the only major economy that absorbs more CO2 than it emits (Columbia University Record, vol 24 #7)<br />* Prevailing winds blowing on to the US west coast (from China) have a higher CO2 content than the prevailing winds blowing off the<br /> US East Coast <br /><br />Still, we have this from NASA:<br />NASA.gov — NASA scientists say 2013 tied with 2009 and 2006 for the seventh warmest year since 1880, continuing a long-term trend of rising global temperatures.Anonymoushttps://www.blogger.com/profile/16706703899413962681noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-50338069556217600452014-02-17T23:42:19.097-05:002014-02-17T23:42:19.097-05:00Too tired to type; good night.Too tired to type; good night.Rufus IIhttps://www.blogger.com/profile/05297231055991566183noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-63360734811501257402014-02-17T23:40:03.829-05:002014-02-17T23:40:03.829-05:00Which is why I'm on record as saying that we&#...Which is why I'm on record as saying that we'll be "the last man standing."<br /><br />If we'll just get our heads out of our asses, and quit squandering all of our present, and future treasure on ludicrous ME military adventures.Rufus IIhttps://www.blogger.com/profile/05297231055991566183noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-79391039739901775632014-02-17T23:22:50.649-05:002014-02-17T23:22:50.649-05:00North American oil reserves are huge.
North Ameri...North American oil reserves are huge. <br />North American solar opportunities are gargantuan. <br />With more acres of sunshine than you could see in a lifetime.<br />Known coal reserves, North America leads the world.<br /><br />Wind and Hydroelectric, unlimited opportunities.<br />And only 500 million mouths to feed, in the breadbasket of the world <br />Not one billion consumers on a parched, water starved continent.<br /><br />Jack Hawkinshttps://www.blogger.com/profile/00342056653466462640noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-5482186148100099532014-02-17T23:13:15.141-05:002014-02-17T23:13:15.141-05:00"Limits" are not a Communist/Ecocrazy/Na..."Limits" are not a <i>Communist/Ecocrazy/Name your favorite ism</i> Conspiracy.Rufus IIhttps://www.blogger.com/profile/05297231055991566183noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-30835792996260132712014-02-17T23:12:55.914-05:002014-02-17T23:12:55.914-05:00Look at the wiki table that ash linked to.
Combin...Look at the wiki table that ash linked to.<br /><br />Combine the Mexican and Canadian numbers, they far surpass the Chinese.<br /><br />Five times the exports to them, than to China.<br />$600 billion in imports from our neighbors compared to $425 billion from China.<br /><br />North America is a formidable economic engine, far surpassing even the dreams of the Chinese.<br />Those that tout the 'threat' from China discount that reality, for purposes of their own.<br /><br />There is nothing to fear, but fear itself.<br />Jack Hawkinshttps://www.blogger.com/profile/00342056653466462640noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-11990406486625743112014-02-17T23:09:58.223-05:002014-02-17T23:09:58.223-05:00The only way the Chinese could come up with enough...The only way the Chinese could come up with enough oil for that kind of growth would be to just completely outbid the U.S. and Europe for what they've been buying. However, that would cause petroleum to be in such shortage, and so pricey in the EU and U.S. that both economies would Completely Crash, and there would be no market for all those Chinese Exports. Then, they would crash.Rufus IIhttps://www.blogger.com/profile/05297231055991566183noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-84174926462733700972014-02-17T23:06:10.924-05:002014-02-17T23:06:10.924-05:00It is the largest country in the world, why should...It is the largest country in the world, why shouldn't it have the largest economy?.<br /><br />But if the economies of Canada, Mexico and the US are combined, in a package, as they are in reality, then the Chinese are a long way off, even if their 'trendline' does flow, uninterrupted. Which is not assured.<br /><br />The political and social instability in Mexico is the greatest 'global' threat to the US, today.<br /><br /><br /><br />Jack Hawkinshttps://www.blogger.com/profile/00342056653466462640noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-42400727354169788462014-02-17T23:03:16.709-05:002014-02-17T23:03:16.709-05:00Just one problem. They would have to come up with...Just one problem. They would have to come up with, at a minimum, another 7 or 8 Million bbl/day of Oil. And, that oil ain't there. Anywhere. Rufus IIhttps://www.blogger.com/profile/05297231055991566183noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-60183986500486415702014-02-17T22:47:17.538-05:002014-02-17T22:47:17.538-05:00However, the deals make sense for China especially...However, the deals make sense for China especially while the US has wasted itself in ME wars. <br /><br />The economics all favor China. China enjoys a steady growth in the 7-8% range. Their GDP for 2013 was around $9 trillion. The US is growing at around 2% in the past years and GDP is in $16 trillion range.<br /><br />If China consistently grows at around 7% and the US around 2%, China will be the largest economy around 2020 – 2025. Deuce ☂https://www.blogger.com/profile/13472858446242700869noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-66242559072236402712014-02-17T22:38:05.951-05:002014-02-17T22:38:05.951-05:00It is a 'Plan", on the part of the Venezu...It is a 'Plan", on the part of the Venezuelans, that has been in the works for years<br /><br /><i>The Wall Street Journal<br /><b>Feb 9, 2012 - CARACAS (Dow Jones)</b>--Venezula plans to send as much oil to China as it does to its traditionally largest buyer, the U.S., within the next three years ...</i><br /><br />Whether or not it is a 'Good' plan ...Jack Hawkinshttps://www.blogger.com/profile/00342056653466462640noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-21544717830563856562014-02-17T22:36:32.352-05:002014-02-17T22:36:32.352-05:00The Chinese have made deals like that all over Lat...The Chinese have made deals like that all over Latin America and in Africa. Deals that will be regrettable to both sides.Deuce ☂https://www.blogger.com/profile/13472858446242700869noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-21445199505170080482014-02-17T22:33:53.447-05:002014-02-17T22:33:53.447-05:00Nov 26, 2013
Venezuela, the fourth-largest expor... Nov 26, 2013 <br /><br />Venezuela, the fourth-largest exporter of oil to the U.S., plans to maintain reasonable sales volumes to its biggest customer, while increasing shipments to other regions, <b>including China and India.</b><br /><br />Venezuela’s oil sector policy calls for the country to continue diversifying its oil export markets, Oil Minister Rafael Ramirez said yesterday on state television during a meeting with oil workers and students in Anzoategui state.<br /><br />“We are selling to China because it is the second-largest economy in the world and soon it will be the largest,” Ramirez said. “While the U.S. and Europe are in crisis, the Chinese economy continues to grow.”<br /><br />The nation is<b> exporting 640,000 barrels a day to China and 400,000 barrels a day to India</b>, according to Ramirez ...<br /><br /><a href="http://www.bloomberg.com/news/2013-11-27/venezuela-to-send-reasonable-oil-exports-to-u-s-more-to-asia.html" rel="nofollow">Another Bloomberg, dated but informative</a>Jack Hawkinshttps://www.blogger.com/profile/00342056653466462640noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-18607998605716139242014-02-17T22:31:04.886-05:002014-02-17T22:31:04.886-05:00Petroleos de Venezuela SA, the state-run oil produ...Petroleos de Venezuela SA, the state-run oil producer known as PDVSA, is sending hundreds of thousands of barrels a day to China to repay loans totaling more than $40 billion since 2008, at a time when its production is shrinking. <br />...<br />Venezuela is exporting 640,000 barrels a day to China, Ramirez told reporters in Caracas on Nov. 27. About 310,000 barrels a day are used to pay back loans, he said at the time.<br /><br />“From a financial point of view, for Venezuela, it’s not very smart,” Russell Dallen, the Miami-based head trader at Caracas Capital Markets, said in a telephone interview. “They obviously have to sell the oil at much cheaper rates because of the freight costs. But it was a political decision.” <br /><br /><a href="http://www.bloomberg.com/news/2014-02-04/venezuela-selloff-worsens-as-u-s-oil-exports-sink-andes-credit.html" rel="nofollow">Bloomberg</a><br />Jack Hawkinshttps://www.blogger.com/profile/00342056653466462640noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-24216548395852307652014-02-17T22:24:16.618-05:002014-02-17T22:24:16.618-05:00More folks kiled or 'missing' in the Mexic...More folks kiled or 'missing' in the Mexican 'Civil War' than in the Syrian.<br /><br />Not a word in the NYTimes about it, though.<br /><br />No 'Peace Conferences' demanded by the UN, no talk of 'intervention' by John McCain.<br /><br />100,000 dead, 30,000 MIA.Jack Hawkinshttps://www.blogger.com/profile/00342056653466462640noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-13830969505374384082014-02-17T22:19:12.860-05:002014-02-17T22:19:12.860-05:00Maybe not France, they may not have US troops livi...Maybe not France, they may not have US troops living there, but the others do.<br /><br />There used to be US troops in Saudi Arabia, now they are in Bahrain, where the people are up in arms. Not to worry though, the Saudis have troops that will impose the will of the Saudi King, in Bahrain, if that is needed, again.Jack Hawkinshttps://www.blogger.com/profile/00342056653466462640noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-22196422300785117412014-02-17T22:17:15.320-05:002014-02-17T22:17:15.320-05:00I admit to not paying nearly as much attention to ...I admit to not paying nearly as much attention to Mexico as that state to our South probably deserves, but from what little I do know of it, I'd have to say that it deserves much more attention than it gets. <br /><br /> I think I figured out, once, that the GDP of "Mexico City" was larger than Arkansas, Mississippi, Alabama, and Georgia, combined (or, at least, almost so.)<br /><br />I think they're also the world's largest producer of smart phones, and eighth largest auto exporter.Rufus IIhttps://www.blogger.com/profile/05297231055991566183noreply@blogger.com