Suddenly? Was the earth suddenly industrialized? What would be a marker of interest correlating climate impact to pervasiveness of industrialization? Might that graph look like the following if there were a correlation?
Climate change extremes?
- Thread starter tlwwake
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Suddenly? Was the earth suddenly industrialized? What would be a marker of interest correlating climate impact to pervasiveness of industrialization? Might that traph look like the following if there were a correlation?
"Fake news" in 3.... 2.....
@Marshal Jim Duncan always has good takes on this subject.
I'd be interested in his opinion in this thread.
I'd be interested in his opinion in this thread.
Here’s the biggest way humans are affecting climate change: we fart and breathe. And since there’s almost 8 billion people in the world - double the population from less than a century ago - there’s a lot more CO2 in the atmosphere.
So if humans would just stop farting and breathing, we’d save the earth.
So if humans would just stop farting and breathing, we’d save the earth.
Not disputing the graph but is there one showing the last ten years.Suddenly? Was the earth suddenly industrialized? What would be a marker of interest correlating climate impact to pervasiveness of industrialization? Might that graph look like the following if there were a correlation?
Also, are you certain the two are inextricably connected? Could temps go up with or without increased industrial CO2?
Certain? Not even close, there is however a significant correlation.
Latest data from a reputable source: https://climate.nasa.gov/vital-signs/global-temperature/
Well, I am not sure that earnings report reduces the pucker factor for smart longs or shorts.... Still long and factoring in after hours back in positive territory.
@07pilt - whats your play these days?
35 million shorted shares.
Lets say you were up 5% with 15k shares outstanding, when would you start taking money off the table? I know you are on the other side, how much fortitude you got?
Just wanted to add this to the information stream.
The company I work for has invested over 6 Billion dollars in technologies and processes to reduce the impact to the environment of our operations and fuels since 2012. Resulting in a 92% reduction in sulfur dioxide and a 62% reduction in nitrogen dioxide and particulates. We also have much stronger H2O recycling programs, alternative fuels programs, and more energy efficient plant operations.
I've personally been involved in many of these programs.
So, yes it irks me when I get lectured by others not changing anything that I'm not doing my part and that big oil is evil.
This isn't necessarily about preventing climate change. It is about being good stewards of the planet and following the old Boy Scout's camping rule... leave the place cleaner than you found it.
This post isn't meant to break my arm patting ourselves on the back. But it point out that we ARE doing our part and maybe the environmental focus should be elsewhere.
The company I work for has invested over 6 Billion dollars in technologies and processes to reduce the impact to the environment of our operations and fuels since 2012. Resulting in a 92% reduction in sulfur dioxide and a 62% reduction in nitrogen dioxide and particulates. We also have much stronger H2O recycling programs, alternative fuels programs, and more energy efficient plant operations.
I've personally been involved in many of these programs.
So, yes it irks me when I get lectured by others not changing anything that I'm not doing my part and that big oil is evil.
This isn't necessarily about preventing climate change. It is about being good stewards of the planet and following the old Boy Scout's camping rule... leave the place cleaner than you found it.
This post isn't meant to break my arm patting ourselves on the back. But it point out that we ARE doing our part and maybe the environmental focus should be elsewhere.
Sincerely appreciate your company’s efforts, but let’s not dismiss the fact that big oil and energy is responsible for cleaning up its messes and often doesn’t.
Defending your company is all well and good, but it does little to dismiss the overall issues.
Show me recent examples of O&NG or energy companies not cleaning up their 'messes'. Yeah, there were horrible abuses in the past. Not just from this industry but all industries. But those times are long past - at least on the scale you seem to be talking about.
Also, it may or may not do much to dismiss the overall issue. I'm not disputing that. My point is that maybe you should focus your ire and energy elsewhere. We are doing the right things. Go after those that aren't.
I can google “oil spill Oklahoma” and there are always news stories to talk about. The scale is still quite noticeable.
And show me where they weren't then cleaned up afterwards.
Yeah, you focus on that and ignore oh... I don't know. China and India's escalation of CO2 output on scales that make those cleaned up barrels of oil less than rounding errors.
What good does it to speak out on that? I’m more concerned about the climate immediately around me.
P.S. When I worked for Matrix, I helped clean up a tanker car oil spill in the Holly refinery in Tulsa.
I'm not selectively outraged here. I'm just going to use this to counter you later when you say that something not local to you is important. That's all. It's an effective debate tool to use a person's own words against them. I just didn't want you to be able to edit those out and say you never said it.
Yup...just like I don’t post about crime in Chicago when there’s plenty to go around here.
You are tho...and you used China/India to deflect from our local O&G’s issues. There’s plenty of problems still affecting us here...and you know it. Oklahoma is #2 nationally in oil spills - that’s just not a good statistic any way you slice it up.
PSO had to abandon the Wind Catcher project because conservatives bitched about tax credits...when we know where the vast bulk of them go.
it is no more the oil industry's responsibility than it is each and every individual user of their products
So should I blame you for eating chicken when Tyson dumps chicken waste in the river?
Good investments will generally have lots of private investors.
Having said that, I hated to see it go away. Maybe it will come back in the not too distant future.
Oklahoma wind energy is literally one of the nations best sources and it needs to be absolutely needs to be expanded. I’m not in favor of giving them a huge free ride to do it, but we obviously have no problem doing so for oil and gas.
So Texas commissioners killed that project.
From the news article:
Texas commissioners voted unanimously to deny the project and said Wind Catcher's benefits were based on questionable assumptions and weren't enough for Texas ratepayers, according to a release from Oklahoma Attorney General Mike Hunter.
“I commend the Texas Public Utility Commission for its sound and sensible ruling,” Hunter said. “We have said from the beginning PSO failed on several fronts to qualify for pre-approval and cost recovery of this project, including its failure to comply with the OCC’s rules for competitive bidding, the inability to show a need for the generation capacity and unrealistic assumptions of ratepayer savings."
Again, tell me where this is the fault of anything in the Oil and Gas or Energy industries.
When I was young, I lived in western Oklahoma, multiple locations from up near Enid to Weatherford. The horizon was dotted with oil rigs non stop. Last May I made a trip out to Arizona and on the way noticed that I only saw 3 or 4 drilling rigs and dozens of wind turbines (I think that is what they are called).
It was an interesting change, to be sure.
I am in puts, so the spike in vol offsets the spike in price a little. If TSLA was cash flow positive and had a decent balance sheet and Elon wasn't a fraudster, I'd still be short TSLA just because the $60 billion valuation is insane.
I am so concerned about a sudden bankruptcy here I couldn't have any appreciable percentage of my wealth in TSLA.
I am a huge believer in diversification and systematic investing, so I only have about 1-2% of my net worth tied up in any name, so even if TSLA hits $800 p/s my only move would be to rebalance.
You think Oil and Gas get a free ride?
I'd contend that the various governmental entities are the largest benefactors of the O&NG companies. My company makes between 3 and 6 cents per gallon of fuel we refine. How much does the state of Oklahoma or the US federal government make per gallon?
There's no free ride.
The Wind catcher project was stopped to benefit and protect oil and gas...true/false?
Given the hundreds of millions of dollars in tax credits given to the industry, id say you’re definitely getting quite a bit of assistance.
I've not the first clue. From the news article I read it seemed that the financials presented to the Texas PSO board didn't add up for the Texas rate payers so they denied the benefit request based on their already established payback requirements.
Is the rule there to protect the rate payers or the petroleum industry? I couldn't even begin to give an informed educated opinion.
sub·si·dy
ˈsəbsədē/
noun
noun: subsidy; plural noun: subsidies
- 1.
a sum of money granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive.
"a farm subsidy"- a sum of money granted to support an arts organization or other undertaking held to be in the public interest.
- a grant or contribution of money.
By this definition, the sum of money you save via tax credit is absolutely a subsidy.
When you’re taxed at a certain rate, and the government gives you credit and taxes you less, yes they’re subsidizing you.
