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Eastwood

Certifiably Surly
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Everything posted by Eastwood

  1. Sloppiest basketball I’ve seen in a long time and straight up out-hustled.
  2. I have extensive experience in this industry and lump me into the camp that thinks this is the right move. The industry brought this on itself, a handful of the realtors I've ever worked with were worth the 6%, and even though it sucks for the hard workers, this industry will be a lot better after an adjustment period. It's time for the industry to become a meritocracy where good work really stands out, not a volume business where any Dick and Jane can get a license just to have access to the MLS and force escrow officers to do 90% of the legwork with the seller or just have access to the lockbox to let buyers in. The good ones who actually do this as a career and not a side gig need to hang in there. Once the dead weight is gone, there will be a lot more listings to go around.
  3. Your kin and my kin are neighbors, then. Very aware of the mindset out there.
  4. Don’t forget Wharton. And Boling. And East Bernard. And (rural area filled with olds).
  5. So many factors that play in there. What is their current net revenue interest (NRI) for the working interest owners in the existing production? If new leasing is going to take place, what royalty will the Lessors get in the new lease? If it’s 25%, will the operator be okay with a sub 75% NRI if they convey out an ORRI? And if it were me talking, not legal advice or anything, I’d push for ORRI over WI where possible. WI can be a headache from getting billed and having to elect into proposed operations, liability, etc. ORRI is free of those headaches, mostly.
  6. 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.
  7. 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.
  8. Reuters reporting that gas is at an inflation adjusted 30 year low. So, that’s fun.
  9. Everyone is getting gobbled up. Woe unto the mid and small-caps who get left out in the cold.
  10. 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.
  11. If this was a Saturday in the fall, this would be the worst torture a man could endure.
  12. 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.
  13. 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.
  14. 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.
  15. 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.
  16. 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.
  17. If you were going to ask me to guess the game a cuck is really into, that would be the one....
  18. Man, the late 00s was the golden era of internet message boards that will never be seen again.
  19. There’s also that, right? Bjork leaves A&M and Ohio State wins a national championship 3-4 years in, Aggies will have the opportunity to once again reflect and ask themselves whether it is the school’s culture, rather than the people they hire, that is the problem. And the result will be the same as it ever was.
  20. A couple of days ago, I was debating college football with a coworker and talking about how almost every team seems to wander the desert for a decade or so after long periods of success with the exception of Ohio State, who seem to always be a contender. But hiring Bjork is one way to start a desert era. Congrats to the Buckeyes.
  21. That area was originally closed in, but the Dart Bowl Enchilada Aftermath Incident of 2008 led to some unplanned “remodeling.” People pay good money for that kind of wall demo, so silver linings and all that.
  22. I now hereby deem all Iranian vessels in the area unsafe and I look forward to the Navy sinking them in response.
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