9 Democrats came over on a record vote.
If Obama continues to be silly willful it is possible Republicans could get to 66.
This is something the Democratic Party will not carry into 2016.
Disrupted market. Clearly EPD is solid.
I would bet Mr Creel does have an opportunity to pickup discounted assets at the borrowing base redetermination. He has the balance sheet, cover and system to bolt them in.
Still their customers are highgrading while storage is very full. Rigs are dropping. But it is possible SA gets an answer about the cost of American oil production at a level they were not expecting. Certainly service cost seem to be dropping faster than I figured.
Wonderful. Let me know when it is viable without giving away tax payer money.
Oh yea, stop giving away hard earned tax payer money because it is no where close.
Another excellent series at Market Realist. I wish what is happening in the low cost prolific dry plays was better for LINE owners. But the three plays and the big wells are usually very dry.
Hugoton is economically more valuable. Lost cost and very wet. But getting all the economic activity and excellent jobs will require a different leader than Obama.
The good news is all this low cost natural gas and remarkable improvements in drilling means the American economic recovery table is set. Gas is of course expensive to ship. So our economic competitive advantage stays home with us. Plus what is really only a slight increase in natural gas usage reduced our CO2 very materially.
Our children have never seens a healthy economic recovery. Like Clinton had until he managed to fan the Naz5000 bubble. But Bush tax cuts and an easing in regulation had us roaring out of that recession even with the powerful burden of 9/11.
Yes there many aspects of that administration we should have done better. Hind sight is always such.
Another Bush, another jobless recovery
The jobs market looks bleak and the president's tax cut is unlikely to help
May 8th 2003 | WASHINGTON, DC | From the print edition
Yea Japan Inc or collective really blew up as Progressive do.
What is fascinating is how the duty to work ethic which rose out of the destruction and rebuilding of Japan post WWII, just disintegrated in one generation.
The Japanese of the 1980s are very different from who I meet today. So is the Japanese reality, very sadly.
Now now. It is Progressive who believe they can control the weather. Not Mad Who.
Wait, yea that is the ticket! MAd Who has magic! That is the only reason San Diego just has eternal spring or fall.
Except when Mad Who goes on vacation.
Correlation is proof. Mad Who lives in San Diego and the weather is simply the best.
But if you do not pay Mad Who to stay, climate change is certain.
9 out of 10 Mad Who grant receiving climate scientists (what ever that actually is) agree there is a correlation to Mad Who activity and the weather. So you should pay Mad Who as a wise precaution.
Clearly the delude who doesn't think right doesn't deserve a grant next year.
NO Don't send money Progressive automatons! Mad Who is serious and earnest. But he is clearly Mad!
(So not responsible for the content)
Dude, Obama some how has the power to vacate immigration law in total and Progressive have no power?
Few understand all the great and dangerous scandals, of which the IRS is only one. Certainly not the Progressive automatons, who don't care.
If you say Progressive have limited authority within our Constitutional frame work due to losing elections, true.
But to claim Obama is not wielding extra Constitutional power he has no moral and therefore legal authority to exercise, you are farce.
Sadly I fear the greatest sustained damage Obama will do to America, in his supercilious superficiality, is a very foreign 'blackness'. None of the purposeful policy or philosophy based on bringing out better HUMAN NATURE like Booker T or Douglas or of the Majestic mission of the King family.
To fashion effective policies solutions, it is necessary to measure; attempt to measure, reality and better understand it. You know, the western logic thing embraced by Rabbinical Judaism and 'Reformed' Christianity. Not scripture but the tools of productive purpose.
There is no comparison between a politico puffing to the outer limit of reality and the Progressive which smth absolute myths. Like we need to panic and in a pointless emotional state, destroy our economy with base load solar and wind. Even as Obama admits it is nothing more than a moral example to a clearly amoral Chinese elite of an unfree collective.
Which brings up the wild unscience abuses of the EPA. Like imposing corn ethanol mandate when by every condition of the law requires it be ended. Sadly this is just the base of an irrational pyramid Obama demands as his legacy.
This we can pretty easily correct with science. But the hurt and disappoint turned to anger for personal political advantage will likely be generational. Unless there is interpolation of God.
Surely we can empower families with school choice? Rather than force American parents to send their children to systemically failing schools?
Look the market has believed for five years our Fed would allow interest rates and curve to assume a rational curve. After all they do understand irrational curves cause irrational allocation of investment.
I agree sooner or later these manipulated interest rates will be either returned or forced to rationality.
The duration has never been longer.
But it is no accident how the bond market reacted to Obama's simultaneously childish and deluded State of the Union Speech. Yet more irrational Progressive realpolitik which will hold our economy down.
Pretty amusing John Hunt of Bloomberg goes on and on about how great it all is. But without the awareness of character to address what the bond market is telling us.
You know little Willie America is great because a majority of average people strive to be good. If we were to stop like you have chosen to do, American would not be great any longer. Once upon a time even a French collectivist was an honest enough observer to coin how exceptional this is.
America is blessed with men like Nicholas Irving who will willingly give their last full measure, if required by no other alternatives. There is always all sorts of silliness by young men in our military. But as men they know the difference between playful things and childish things.
The big pups can and do play rough. But they know the things which matter.
You see Willie, men put away childish things or do their best to do so.
Nicholas Irving watched over our sons and daughters as their protector in war. He kept this old man and my family safe in our soft beds. I am not worthy to stand next to him. But most proud and honoured to do so.
All I have to do is be honest. Strive to offer an informed opinion. To be of good service. My duty as a mature American man.
It is not so hard. Shame you will not try.
I have no time for wormy Progressive baragico and vanity.
The hurt and despairing I would lift up, if I can. Those the Progressive would manipulate to their own personal enrichment and vanity.
Of course there is nothing better than bounding economic opportunity to empower Liberty.
So I do not pretend the Progressive mystery cult of Global Warming is any more than the real ugliness it is.
Nothing science about it. Just petty ugly vanity. No we are so simple as not understand.
Peak oil theory projected when it would occur. As it fit the primitive religion of Progressives, seeming correlation was imposed as causation. The supine dishonourable and intellectually deficient press just went along in the name of the greater good.
Of course you are living in a technical revolution which disproved the theory. The technology became reality and the amount of oil which can be recovered increased dramatically. So the 'theory' is simply wrong.
You are so busy claiming you have the one true cave dwelling Progressive religion, that you did not understand the critical point of all the natural gas. Today oil is so expensive compared to other viable sources it is relegated to its highest economic utility, surface fuel. Well except in backward American states where the flat earth Progressive rule and fuel oil can still be used.
In American the superior properties of gasoline as a distributed or individual empowering fuel, can be over come by infrastructure and advancing technology. Natural gas is in 1,000+ supply and can be placed into direct competition with oil. So I am afraid even the peak in oil when it has competition and replacement is willfully ignorant.
The benefits of this are so great, traditional Democrats like Truman and Kennedy would call for 'public' investment. A no brainer. The technology is proven and the infrastructure required known. Like building a dam. In fact traditional republicans like Ike would go for it like the free way bill.
Now of these grand winning the future delusions. Just building what is easily understood to be a challenge for the private sector due to a chicken and egg economic riddle. The free way bill was short and sweet.
It did not include all the Progressive Christmas tree none sense of where gas stations must be or average mpg.
Yes it does happen. But they don't speak to little old me.
As a general rule I am told by the brain trust strivers that China is very corrupt. Princeling connection reap excess profits. Every one else even the best entrepreneurs are never secure.
What worries me most is despite being the best type of people, they are here to make their fortunes rather than become Americans. But then that is part of the secular theology our children are indoctrinated with in our collectivist inquisition 'public' schools.
Even the erudites of the Wall Street Journal blind themselves to the spiritual component required of an American Patriot. Even they do not take Washington Farewell Address to their hearts.
Liquid fuels: All petroleum including crude oil and products of petroleum refining, natural gas liquids, biofuels, and liquids derived from other hydrocarbon sources (including coal to liquids and gas to liquids). Not included are liquefied natural gas (LNG) and liquid hydrogen. See petroleum and other liquids.
I can not believe I even bothered. Enough already.
Yea WIKI is wrong. Imagine that. It is not EB. Pay the $65.
Oh one more thing to try and avoid another round of silliness.
If I remember Obama said 'alternative' liquid fuel. Which lng most certainly is not. Just like PNG is not.
The Chinese families I meet are IQ off the charts people. Having a single degree in engineering is back of the back. So the salary they can draw from a place like Qualcom is not a working class home for $500k.
More like a nice family home with good schools begins at about $800k, Unless you really want to commute.
Yea, what is the pour characteristic of LNG?
I appreciate the progressive voting real or imagined.
But I think every other person bothering with this on the board would figure
Solid fuel like fire wood
Liquid fuel like stable as liquid gasoline
Then gas as in the natural gas which is piped in.
Did you try to pour LNG? Yea I guess it may be possible on a different planet.
But of course this sort of round the block word smithing is what Progressive do.
Now as far as surface fuel. Personal cars are not going to be equipped with a cooler to -162f and a pressure of four atmospheres. Nor for that matter will commerical trucks. Trains perhaps. Some LNG ships will or do draw from the cargo.
So in reality LNG storage and transport process, not a fuel. Not to mention all that treatment and maintenance requires a great deal of energy.
Boy how much space we could save in all those injection caverns! Plus all those silly ng pipe lines we are building!
YOur opinions have nothing to do with regulatory approval of private market investments. ;)
Just more pointless Progressive Grubering.
If private investors what to create great jobs with heavy technical construction?
Average Americans have the grace and good common sense to encourage them, with our best wishes for their success. The only thing at risk is the entrepreneurs money.
Certainly better than Progressive pouring 1/2 a billion down the rathole of Solynedra. Then have the temerity to just say stuff happens? Never explaining who had the authority to but tax payers behind other creditors?
As I said, Progressive need a very long time out.
EPS really is not the important part. It is DCF. But this not fit with everything else in the market.
I would add the ngl exports. The market is actually worried if we can destroy enough ethane as American natural gas.
EPD is not getting into the oil tanker business. But really it is looking to get into the products shipping business. Ethane is something many of the analysts are in show me mode about.
There is major processing capacity coming on line in the next few years. But it is not enough even with export.
Poor propane. Cold as heck. Export open. Still extremely high inventories and prices just high enough to extract.
American has all the clean energy and feed stocks we need to have a broad based chemical manufacturing growth explosion.
Record low interest rates. Would could possibly moot it?
Oh I would expect some questions about the 'credit' quality of the take or pay commitments.