Saturday, December 28, 2019

Saturday roundup

Love me some natural gas!

The decade in energy saw the returns from the shale boom of oil and gas pay off.
The shale revolution from horizontal drilling and hydraulic fracking, which started to take off in 2006 but peaked this decade, helped get the United States to the verge of being a net energy exporter for the first time since 1953, moving off its dependence on Middle East oil and closer to “energy independence."
“The entire psychology of energy as a country shifted this decade to one of scarcity to one of adequacy and eventually abundance,” said Kevin Book, managing director for research at ClearView Energy. “What it means is Americans are not afraid of running out of energy like they used to be.”
The rise of gas has allowed the U.S. to wield energy as a geopolitical weapon. 
Before the shale boom, the U.S. was expected to become a big importer of liquified natural gas — the chilled, liquid form to which gas must be converted for shipment in giant tanker vessels across the sea. 
The U.S. now exports LNG to 36 countries, double the 18 destinations at the beginning of the Trump administration, which has sought to ship more gas to Europe to reduce its dependence on Russia.
“The geopolitical leverage of dominant pipeline suppliers like Russia has been weakened, enhancing our energy security and helping move China to less polluting fuels,” said Jason Bordoff, the founding director of the Center on Global Energy Policy at Columbia University and a former White House energy adviser to President Barack Obama.
The proliferation of natural gas is also the biggest reason U.S. carbon emissions have declined this decade, defying projections from the Energy Information Administration in 2010 that emissions would continue rising, but at a slower pace. Natural gas, a fossil fuel that emits half as much carbon as coal, has mostly replaced coal in the electricity sector, generating 35% of U.S. power in 2018, the most of any source.
Scotland officially goes all in on the mass delusion of our time:

 Adults will be able to choose between 21 sexual orientation options in the next Scottish census under plans to expand the categories.
Sexual orientation will be featured for the first time in the 2021 census. The National Records of Scotland (NRS) has suggested increasing the range of categories from four: straight or heterosexual, gay or lesbian, bisexual, or other orientation.
The new choices include: androphilic, androsexual, asexual, bicurious, bisexual, demiromantic, demisexual, fluid, gay, gynephilic, gynesexual, homosexual, heterosexual, lesbian, pansexual, polysexual, queer, questioning, skoliosexual, straight, unsure.
In fact, everyone who wants to live a godly life in Christ Jesus will be persecuted.

Islamic State released a video purporting to show its militants beheading 10 Christian men in Nigeria, saying it was part of a campaign to avenge the deaths of its leader Abu Bakr al-Baghdadi and its spokesman.
The militant group posted the footage on its online Telegram news channel on Thursday, the day after Christmas, with Arabic captions but no audio.
The video showed men in beige uniforms and black masks lining up behind blindfolded captives then beheading 10 of them and shooting an 11th man.
An earlier video seen by Reuters said the captives had been taken from Maiduguri and Damaturu in Nigeria's northeastern state of Borno, where militants have been fighting for years to set up a separate Islamist state.
In that video, the captives pleaded for the Christian Association of Nigeria and President Muhammadu Buhari to save them.
Reuters could not verify the authenticity of either video.



Memo to the Very Stable Genius: knock off the protectionism:

President Donald Trump’s strategy to use import tariffs to protect and boost U.S. manufacturers backfired and led to job losses and higher prices, according to a Federal Reserve study released this week.
“We find that the 2018 tariffs are associated with relative reductions in manufacturing employment and relative increases in producer prices,” concluded Fed economists Aaron Flaaen and Justin Pierce, in an academic paper.
While the tariffs did reduce competition for some industries in the domestic U.S. market, this was more than offset by the effects of rising input costs and retaliatory tariffs, the study found.
“While the longer-term effects of the tariffs may differ from those that we estimate here, the results indicate that the tariffs, thus far, have not led to increased activity in the U.S. manufacturing sector,” the study said.
Tit-for-tat trade retaliation is an idea best relegated to the past, given the presence of globally interconnected supply chains, the Fed researchers found.
The top ten manufacturing industries hit by foreign retaliatory tariffs were producers of: magnetic and optical media, leather goods, aluminum sheet, iron and steel, motor vehicles, household appliances, sawmills, audio and video equipment, pesticide, and computer equipment.
But that would probably also require him to quit winging it in everything he does:

Trump’s fancy-free scheduling approach is no mistake. In "The Art of the Deal," he explained that he thought too much planning curbed his creativity and impeded his thinking. That philosophy is alive and well in the White House, according to more than half a dozen current and former officials.
Between the lines: Trump believes to his core, one former senior White House official told Axios, that he's better off not preparing for some meetings. He thinks preparation hinders his ability to read the room and act with spontaneity, this former aide said.
  • "I play it very loose," Trump wrote in 'The Art of the Deal."
  • "I don't carry a briefcase. I try not to schedule too many meetings. I leave my door open. You can't be imaginative or entrepreneurial if you've got too much structure. I prefer to come to work each day and just see what develops."
One of the key challenges for his staff: He doesn't like long or complex documents.
  • He'll skim newspaper articles, news summaries and bullet points, but hates anything longer. So his evening briefings look quite different from his predecessors'.
  • "Trump does review briefing materials, at least if you make it a point to have him do so," said a former senior White House official who has direct knowledge of Trump's reading habits. "But only if you talk and guide him through it as he's reading."
  • Trump receives national security materials and news summaries every evening. But the package is more visual than those of his predecessors, with screenshots from the Drudge Report homepage, pictures of his own tweets and snapshots of cable news chyrons from throughout the day, according to people who've seen Trump's nightly briefing packages.
Maybe the decade now in its final hours was one of big accomplishments - in terms of commonly recognized credentials and symbols of personal advancement -  for you. Then again, maybe it was your decade for inner accomplishments, which sometimes require even more character and perseverance.

 Turkey seems less interested in being a NATO member in good standing or even a Western nation by the day. Now it's seriously considering shutting down US access to the Incirlik and Kurecik military installations. Those are where we store nuclear weapons and have critical radar capability.

No comments:

Post a Comment