Last May, things looked so bleak in the Texas oil patch that the service company Halliburton decided to write a $3.5 billion check to get out of a planned merger with its major rival, Baker Hughes. The deal had made some sense when it was signed, in November 2014, but a year and a half later the companies’ rationale fell apart as crude oil prices experienced a precipitous, months-long slide. The merger’s demise was just one of many indications that the oil and gas sector was in the midst of its worst bust in three decades. In Texas, the average
The current Fracking process drills a single hole down and then christmas trees out horizontally at the different shale levels. This dramatically cuts pipe usage. They also reuse water which dramatically reduces deliveries. And, cuts down on the amount of fracking fluid. Plus - thanks to 4D seismic data - it has been over 2 years since a dry hole was drilled.
And, one rig is now producing as much oil as 3 rigs just 3 years ago. So, rig counts are no longer a reliable year to year comparison.
AND - fracked natural gas has replaced fuel oil (#2, #3 and #4) in NYC and according to Scientific America - the air quality has improved SO much that it is saving lives.
Have a friend here in East Texas who owned a tool and equipment rental service (drilling, fishing, completion, site prep, etc.). When things were going hot he became big enough to be an irritant to a humongous company that bought him out at an unbelievable price. That big company has been selling off that equipment over the past couple of years since things went south in the oil field. Guess who is buying it up at pennies on the dollar getting ready for the big rebound? Things are already coming back and it will be small businesses that can act quickly that will be profiting big-time.
The price of oil has risen recently only because OPEC has decided to cut output. The trouble with that is, all those fracking wells that were shut down because of the price of oil, are about to come back online. When they do, OPEC´s cutback won´t amount to much, because while those wells were shut down, technology found a way to extract oil from those wells at an even lower price.
Great news for jobs, the economy and our country as a whole.
Puts our foot in the face of the Saudis and cripples the Russians who have very, very little beyond selling natural resources like oil, gas, iron, gold, platinum. Not much that they manufacture is wanted anywhere else. A few aircraft, some other weapons, but their client states keep getting badly beaten in wars, not a great advertisement for their stuff.
House Intelligence Committee Chairman Devin Nunes has been in the news recently because a source in the intelligence community informed him that Obama National Security Adviser Susan Rice was behind the "unmasking" of Trump campaign associates in intelligence reports, which may have led to other members of the intelligence community leaking classified information to the press for partisan political reasons. Nunes has been criticized for the way he handled and presented this information—not without reason—as he rushed to the press with it before handing it over to the rest of the intelligence committee. As a result, Nunes has recused himself
White House Senior Adviser Jared Kushner is leading an unprecedented effort to meddle in the White House´s National Security Council, causing mayhem for senior staff who say the president´s son-in-law is interfering in key foreign policy debates, according to Trump administration officials who spoke to the Washington Free Beacon. Kushner has taken aggressive action to micro-manage the NSC, overshadowing even recently installed National Security Adviser H.R. McMaster, according to sources both inside and outside the White House who described Kushner´s behavior as highly unusual and damaging to the country´s national security infrastructure. Never before has a White House permitted such a figure
The last time Dallas´ Latino leadership organized a march of this intended scale, in 2006, attendance was estimated at somewhere between 400,000 and 500,000. This time, even before the march, organizers guessed attendance might be 100,000. On Sunday, they claimed after the event that 20,000 people showed up to march through downtown Dallas to Dallas City Hall for rights and respect for Dallas´ immigrant and refugee population. After the march, Dallas police estimated 3,200 people marched and attended the subsequent rally. The differences between Mega March 2006 and Sunday´s edition didn´t just include the number of participants. A decade ago, marchers were
It started off as a Texas version of the Sharks versus the Jets. In 2013, the Bandidos, the oldest, biggest, and most-feared outlaw motorcycle club in the state, learned that members of the Cossacks, a rapidly growing rival club, had begun wearing patches on the backs of their vests that read “Texas” in capital letters. For decades, the Bandidos had decreed that the Texas “bottom rocker” patch belonged only to them. If another club wanted to wear the patch, it would have to receive permission from the Bandidos and pay them dues. But the Cossacks contended that the Bandidos had
Washington-The Senate Friday morning confirmed Neil Gorsuch, a 49-year-old federal judge who could help cement a conservative majority on the bench for decades, to the Supreme Court, according to a CNN count of the vote. The vote was 54-45, mostly along party lines. Only three Democrats: Sens. Joe Manchin, Heidi Heitkamp and Joe Donnelly, sided with the GOP majority. Vice President Mike Pence presided over the vote, but was not needed to break a tie. The court has been operating with eight justices since the sudden death in February 2016 of Justice Antonin Scalia and a protracted fight over President Barack Obama´s
Embattled White House strategist Steve Bannon vowed he wasn’t going quietly into the night after being purged from the National Security Council — declaring “I love a gunfight,” it was reported Thursday. Bannon, a fervent nationalist and presidential adviser made the combative remark to pals within the past 24 hours, the political website Axios reported. A cascade of White House leaks said Bannon was tired of the constant infighting among the various factions vying for Trump’s attention and support and was ready to hang it up. But Bannon — and one of the masterminds of Trump’s campaign — called those rumors “100 percent
In a world of instant gratification that too often rewards boastful rhetoric over definitive accomplishments, Mitch McConnell stands out for his patience. The Senate majority leader expends political capital with ruthless efficiency, using it only when it can accomplish precisely what he intends. McConnell doesn’t start many fights; he finishes them. As the Senate moves toward confirmation of Neil Gorsuch, President Donald Trump’s nominee for the Supreme Court, that is exactly what is happening: McConnell is ending a fight that a young senator named Chuck Schumer started nearly 15 years ago by rallying the first-ever
The gun industry may be headed for a slump after eight years of explosive growth under former President Barack Obama. From December through February, the number of federal background checks conducted each month declined from the same month a year ago, according to the Associated Press. While not an exact measure of total firearm sales, background checks are considered a key measure of how gun manufacturers are performing. One reason for the softening demand, some gun industry experts say, is that potential gun buyers are no longer worried Washington will issue new regulations restricting gun sales.
Out here in flyover country, we recently had some fires that devastated parts of Kansas, Colorado, Oklahoma, and Texas. You may not have heard about them, because no movie stars’ houses were destroyed - just those of hard working farmers and ranchers who work tirelessly every day to put food on your table. The fires ravished nearly everything in their paths over an area of 1300 square miles in Oklahoma and Kansas alone. That’s a land mass 100 square miles more than the size of Rhode Island. For those of you who’ve never been to Rhode Island, imagine a swath
June 6, 2016, convicted murderer Kerry Max Cook walked into a Tyler courtroom. The sixty-year-old was dressed in black, his silver hair trimmed short. Cook’s eyes, dark and nervous, shot around the wood-paneled chamber, which was filling rapidly. Local news reporters and a documentary-film crew from New York were setting up cameras and microphones. Cook caught sight of three men in the audience, men who had once been convicted criminals themselves: Billy Smith, Michael Morton, and A.B. Butler Jr. All three, famously, had been proved innocent of their alleged crimes after serving a collective sixty years behind bars. They had
Members of the establishment press have wildly mischaracterized Energy Secretary Rick Perry’s decision to involve himself in a dispute at his alma mater over a newly-elected gay student body president. The Associated Press and The Washington Post are perhaps the worst offenders, although NBC isn’t far behind. All three outlets reported on an op-ed Perry published an op-ed Wednesday, in which he suggested Texas A&M unfairly overturned the results of the student election “in the name of diversity,” and saying it may have been stolen “outright.” While it’s reasonable to ask why a member of the president’s cabinet is involving himself in
House Republican leaders abruptly pulled a Republican rewrite of the nation’s health-care system from consideration on Friday, a dramatic acknowledgment that they are so far unable to repeal the Affordable Care Act. “We just pulled it,” President Trump told The Washington Post in a telephone interview. The decision came a day after President Trump delivered an ultimatum to lawmakers — and represented multiple failures for the new president and House Speaker Paul D. Ryan (R-Wis.). The decision means the Affordable Care Act remains in place, at least for now, and a major GOP campaign promise goes unfulfilled. It also casts
On Thursday, President Donald Trump authorized the U.S. military to drop a 21,000-pound bomb on ISIS in Nangarhar Province in Afghanistan. There are currently no reports from the Department of Defense regarding casualties or damage. But Independent Journal Review spoke to Ahmad Wali Sarhadi, a freelance journalist based out of Kandahar, Afghanistan. (Photo) Sarhadi gave us a report from the local officials in Nangarhar: "Yeah, I am on the line with local officials of Nangarhar. They say a big complex of ISIS has been destroyed by the dropping of the bomb from the U.S.! ISIS´s biggest complex in Afghanistan is
NOGALES, Mexico—In the 35 years Gilda and Juan Francisco Loureiro have been running a shelter in northern Mexico for undocumented immigrants, they’ve never seen a week like this one. The shelter, called Albergue San Juan Bosco, is perched on a steep hillside looking over the busy border town of Nogales, Mexico. Its walls are painted bright turquoise and tangerine, and its wide-open double doors look west over low hills and Highway 15. Since they opened it, upward of 1 million people have slept there on their way to the U.S. But on the day I visited, it was almost empty. It didn’t
House Minority Leader Nancy Pelosi joined other Bay Area Democrats Thursday to “honor the deep moral responsibility to save lives wherever and whenever we can.” She spoke at an event marking the start of a long-planned and long-delayed project: Construction on a $204-million suicide-prevention net, to be installed 20 feet below the roadbed of the Golden Gate Bridge, the famous landmark that connects San Francisco to Marin County. “In this Holy season of Easter and Passover, we recognize again and again, that every single life is so valuable,” Pelosi said on Thursday. “In every one of them a spark of divinity, in
Former IRS senior executive Lois G. Lerner told a federal court this week that she faces the possibility of death threats if her role in the tax agency’s tea party-targeting becomes public, and asked a judge to forever seal her upcoming deposition in a class-action lawsuit brought by hundreds of groups that were targeted. Ms. Lerner and Holly Paz, another figure from the IRS tea party targeting, told the judge they’ve already faced “harassment and death threats” before, and said they fear another media firestorm if their
Two of former President Obama´s top speechwriters have come down hard on President Trump´s speeches and speaking style and are urging him to stop "riffing" and try writing down his thoughts. "I don´t think it´s a great idea to just get up there and riff when you have no idea what you´re talking about," chief Obama speechwriter Cody Keenan told a Harvard University forum Wednesday night. (Video) "He´s certainly not the first person to try to wear the mantle of populism and riff from whatever comes to his mind," said Keenan. "But I also don´t think it´s a harbinger of a
Former IRS senior executive Lois G. Lerner told a federal court this week that she faces the possibility of death threats if her role in the tax agency’s tea party targeting becomes public, and asked a judge to forever seal her upcoming deposition in a class action lawsuit brought by hundreds of groups that were targeted. Mr. Lerner and Holly Paz, another figure from the IRS’s tea party targeting, told the judge they’ve already faced “harassment and death threats” before, when the press was intently covering the tea party scandal. “Mss. Lerner and Paz have demonstrated that the public dissemination of their
Engineers on California’s high-speed rail project have worried for nine years about the sort of train wreck that occurred in New York last October. (Snip) One safety concern playing out at the moment stems from the fact that the bullet trains will run in some places at 220 mph, alongside lines carrying everything from toxic chemicals to military tanks. Everyone agrees barriers are needed to keep debris from derailed freight trains from smashing into the fast-moving passenger cars. But for years freight train operators and the California High-Speed Rail Authority could not agree on their exact design.
After U.S. forces dropped "the mother of all bombs" on an ISIS tunnel complex in Afghanistan, Hollywood director Josh Fox railed against the decision to deploy the military´s largest non-nuclear device, which reportedly killed several dozen ISIS militants. "Atrocity. Murder. Abomination. When will we learn that only love stops hate, and bombings only create more ISIS," Fox wrote in a tweet. "Love your enemy. Don´t create more of them. Teachers, diplomacy, culture and aid helps peace. Bombs don´t," he added. (Snip) On "Outnumbered" today, Meghan McCain remarked that she lived in Los Angeles for two years, and this is how the liberal,
Microsoft has started blocking Windows 7 and Windows 8.1 updates for computers running certain new chipsets. The company announced plans last January to block next-generation Intel, AMD and Qualcomm processors from system updates on older versions of Windows, but didn´t reveal when support would be cut. The process appears to have just kicked off. Social media users are reporting that Microsoft is now blocking access to Windows 7 and 8.1 updates on devices running Intel´s Kaby Lake processor. Instead of the normal download screen, users attempting to update their systems are facing an error message reading,
The President promised to “bomb the sh*t” out of ISIS. On Thursday he did just that. (Photo) The U.S. deployed a 21,000 pound GBU-43B conventional bomb in the Nangarhar Province on Thursday. 36 ISIS fighters were killed in the strike. (Tweet) Democrats are confused with the strategy. They’re not used to a president that kills the enemy. Senator Elizabeth Warren cannot understand this foreign policy. “What is the strategy?” (Video/Tweet) After eight years of Obama it’s understandable that Democrats would be confused of a strategy that kills the enemy.
A mob of supporters of Venezuela’s socialist dictator Nicolás Maduro stormed a Catholic Mass celebrating Holy Week on Wednesday, assaulting Archbishop of Caracas Cardinal Jorge Urosa Savino, injuring both believers attending the mass and media recording the scuffle, and reportedly looting the church. The incident took place at Santa Teresa Basilica, following the traditional procession of the Nazarene of St. Paul in the nation’s capital. El Universal, based in the capital, reports that those attending the Mass identified the individuals storming into the basilica as supporters of Maduro’s, as they attacked
The former Federal Election Commission chairwoman Ann M. Ravel says that political speech must be controlled on social media. She presented her remarks in a speech at UC Berkeley, calling for regulations against “fake news.” Speaking at an event called “Future of Democracy,” Ravel argued the proliferation of “fake news” and political advertising on platforms like Facebook influenced elections. She warned that the lack of disclosure by the creators of these campaigns was becoming a huge problem. “We know that there’s a lot of campaigning that’s moved to the internet, whether it’s through fake news or just outright advertising and