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Eastwood

Certifiably Surly
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Everything posted by Eastwood

  1. 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.
  2. 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.
  3. If you were going to ask me to guess the game a cuck is really into, that would be the one....
  4. Man, the late 00s was the golden era of internet message boards that will never be seen again.
  5. 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.
  6. 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.
  7. 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.
  8. I now hereby deem all Iranian vessels in the area unsafe and I look forward to the Navy sinking them in response.
  9. Team Heat Pump. Aux kicks on occasionally, but having a two story helps during defrost cycle because upstairs is usually 10 degrees warmer than downstairs, so the air going across the coils to defrost the unit is hot enough to not require the aux to kick on. If anything, the aux kicks on for about 10 minutes every other hour. And this is with an 11 year old Goodman compressor and an 8 year old air handler.
  10. 8 week soft tissue injury competition. Just what we need.
  11. Yeah, was this before or after one of the best metal guitar solos of all time?
  12. He misses that one throw in our game and Texas would be playing Michigan.
  13. YMMV by which industry you are working in. For my industry, there is usually an imbalance of power in negotiations between my side and the opposing side for prime assets. "Just walk away from the table" isn't an option because I'm trying to secure rights that several other parties are competing over. It becomes a Game Theory exercise of who will pay the price to entry and who will eat the bad contract. Sometimes the price is so high and the terms so bad that nobody will accept (and that bar keeps getting lower and lower, setting precedents that make my job even harder). Sometimes the only way forward is to endure 6 months of haggling over the minutia, including a specific word being used here or there. Therefore, it becomes my job to find a way to make the language as acceptable as possible without running them off and I find myself going back and forth with opposing counsel over what should be obvious language. If I don't, there are two primary negative outcomes: 1. I hold firm and a competitor eats the bad contract. Bad for me from an optics standpoint, even if the competitor falls flat on their face. 2. I eat the bad contract and the liability bomb goes off in the future. Bad for me, bad for the company.
  14. Because in the event that those catastrophic situations happen, guess who catches the blame for there being "ambiguity" in the document?
  15. Ricky Perry, a Texas A&M grad, was Governor of Texas when the Qatar-A&M relationship began. Perry would then go on to head the Department of Energy, which has oversight of our nuclear arsenal. Conspiracy theorists should be going hog wild over this.
  16. That is some old school Mad Magazine, late 80’s-early 90’s SNL style comedy. Hilarious.
  17. Man, I haven’t seen a judgement call that vindicated since the Georgia/FSU bowl game.
  18. Bummed? Sure. Disappointed? You bet. But we just got straight up beat by a QB who had an all-time performance. No one position group went out and absolutely shit the bed, the players looked like they wanted to be there, I wasn’t absolutely gobsmacked by the lack of performance like I have been in the past with previous head coaches. The team never rolled over. Sometimes teams just get beat. They didn’t play their best, but they definitely didn’t play their worst. And Washington, outside of Penix and the receivers, didn’t play a complete game, either. Tip of the cap to Washington, blow off some steam, hit the recruiting trail, and back at it in the spring. Excited for next year.
  19. That was because the head coach panicked and completely shifted his offensive strategy away from the spread to the power offense that he just watched curb stomp his team after recruiting the #1 spread QB in the nation who hadn’t taken a snap under center since junior high. No, I’m totally over that. It was years ago…
  20. Oh, Jonathan Brooks, what could have been. What a season. Let’s run it back.
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