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Eastwood

Certifiably Surly
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About Eastwood

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  1. I hope he can make to the stage in comfort, but if that isn't possible, a peaceful and painless transition to the end. Hook'em, Steve.
  2. Looks like a mobile game. Supposedly they wanted to scrap it, but would be in deep shit with the Singapore government. I’ll catch it when it’s $20.
  3. Reuters reporting that gas is at an inflation adjusted 30 year low. So, that’s fun.
  4. Everyone is getting gobbled up. Woe unto the mid and small-caps who get left out in the cold.
  5. Stepping in to defend someone against a lowbrow and classless attack, even if that person is a possible future opponent in an election, is what used to be the norm in this nation. The Republicans can't even muster up some common decency and denounce a dig at an active service member.
  6. If this was a Saturday in the fall, this would be the worst torture a man could endure.
  7. Hilarious that A&M starts chirping about the Big 10 and a week later it comes out that the Big 10 and the SEC are forming a partnership that will inevitably lead to a merger. Every time they try to run screaming into the woods, Texas just walks them down like Jason Voorhees. There is no escape.
  8. Yeah, that math don't math unless he's withholding information. My first guess was that he has, or just received, the 65+ exemption. I am originally from, and still have family in, small town Texas. I can’t think of a single small town in Texas that I’ve been to, that isn’t a vacation location or commuter town to a big city, that is “nice.” They are all filled with equal parts impoverished people and retirees who made a life in that town when it was possible in the 60s and 70s. People will point to Fredericksburg or Round Top to claim small town Texas is great. Not the Gillette or Tivoli or Corsicana type towns. The towns that industry forgot.
  9. I am of the opinion that this sentiment is more of a gamble than a lot of you think. 5 years ago was 2019. Natural gas demand has only increased since then. Renewables continue to earn market share domestically, but abroad is where the meat of the effect of this policy will have on global climate goals. Developing countries want cheap energy and care less than we do whether it is clean or not. LNG was our opportunity to incentivize a cleaner transition.
  10. I don’t know the exact number of affected projects, but the fallout I am comfortable attesting to is that the longer this stays in place, the more investment sits on the sidelines to see how it shakes out. A project that could have been approved during the freeze would most likely be online by 2030. Possibly at early as 2027 depending on what stage the project was in at the time of freeze. As Hate mentioned, there are projects that have dollars already invested that are affected by this. Land purchased, contracts entered into, gas committed, pipe committed, etc. Upstream and midstream companies will now pull back on commitments, investors will want to wait before committing money to feasibility and economic analyses, land that would have otherwise been acquired in prime export locations may get purchased by other industries, and overall money just goes elsewhere and it most likely isn’t to green initiatives.
  11. LNG export facilities take literally years to go from proposal to FID to being online at full capacity. These facilities that are still being built were approved long ago. Under the Trump administration, EPA approval took ~150 days and it is 300+ under Biden. That’s just for EPA approval. A complete freeze on new approvals for just the election year would probably be a multiple year setback for the industry as a whole. We will maximize exports by 2026 and hit a ceiling that will quickly be eclipsed by Qatar (was #1 in exports until we passed them) and Russia. Look, I get it. Paris accords, fossil fuels bad with zero redeeming qualities and no way to make it work with our climate goals, yadda yadda. The reality is that natural gas is a bridge fuel to net zero. It is 60% cleaner than coal and a cheap transition fuel for developing countries. It’s dirt cheap here in the US and that’s why it became such a hot export. The most likely fallout of this is that countries who are hostile to the US or fund NGOs/terrorist organizations that are hostile to the US will reclaim lost market share and profit at our expense. Additionally, countries who need cheap energy will either delay shuttering coal plants they intended to replace with natural gas or even fire up new coal plants. And do you think Qatar and Russia have the same environmental regulations we do? Do you think they are monitoring for methane leaks like we are in the US? Limiting flaring? Protecting water sources around export facilities? This may actually be a net negative for climate goals. It reeks of election year pandering and won’t serve overall global climate goals. It only soothes the handwringing at home.
  12. If you were going to ask me to guess the game a cuck is really into, that would be the one....
  13. Man, the late 00s was the golden era of internet message boards that will never be seen again.
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