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Between the Front & Back: Grundle’s Book Club

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  • 1to392831weretaken
    1to392831weretaken Member Posts: 7,696
    YellowSnow said:

    ...It's cool that @1to392831weretaken is officially our Refining Superiority Guy now.

    Every board's gotta have one.

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  • YellowSnow
    YellowSnow Moderator, Swaye's Wigwam Posts: 37,695 Founders Club
    1to392831weretaken said:

    YellowSnow said:

    ...It's cool that @1to392831weretaken is officially our Refining Superiority Guy now.

    Every board's gotta have one.



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  • GrundleStiltzkin
    GrundleStiltzkin Member Posts: 61,516 Standard Supporter
    YellowSnow said:

    1to392831weretaken said:

    YellowSnow said:

    ...It's cool that @1to392831weretaken is officially our Refining Superiority Guy now.

    Every board's gotta have one.



    Just a bunch of crackers up in here
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  • YellowSnow
    YellowSnow Moderator, Swaye's Wigwam Posts: 37,695 Founders Club
    GrundleStiltzkin said:

    YellowSnow said:

    1to392831weretaken said:

    YellowSnow said:

    ...It's cool that @1to392831weretaken is officially our Refining Superiority Guy now.

    Every board's gotta have one.



    Just a bunch of crackers up in here
    I'm a big fan of bunker oil.
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  • GrundleStiltzkin
    GrundleStiltzkin Member Posts: 61,516 Standard Supporter
    So anyone have a suggestion for something similar?
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  • Doog_de_Jour
    Doog_de_Jour Member Posts: 8,042 Standard Supporter
    DerekJohnson said:

    Swaye said:

    Is this the thread where I post Dubai Porta Potties?




    Ah yes, scenes from the most recent Hardcore Husky get together
    Which one is @Yousef_#1UberDriver and which is @tap1thur29weretaken?
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  • Doog_de_Jour
    Doog_de_Jour Member Posts: 8,042 Standard Supporter
    OK, back to the book...

    Before I launch into what I thought of it and respond to other’s observations, here’s a book review by WaPo that picks apart some of the author’s points:

    https://www.washingtonpost.com/outlook/a-global-energy-study-that-misses-some-climate-change-realities/2020/09/24/1addeb3e-f2b3-11ea-bc45-e5d48ab44b9f_story.html
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  • HoustonHusky
    HoustonHusky Member Posts: 6,011
    edited March 2021
    Haven’t read so I should probably stay out...but I won’t. I can say nothing has been a bigger destroyer of capital ($$$) than shale. Not great for oil companies, but it’s been an absolute boon for the US as a whole...yeah capitalism. It balanced out the capital flow for the US, created jobs galore, and given us a shiteton of natural gas which has kept our power/electricity prices low (compared globally) which has been one of the key drivers for manufacturing (don’t discount energy cost in that renaissance...many people ignore it). Economics on shale plays are completely different than as an example deep water drilling...both in upfront CapEx and cycle time to revenues. Doubt you will see much of the high, high upfront CapEx deep water/Alaska/etc drilling until something structurally changes.

    Environmentalist are right about shipping oil on rail cars...fuck them (and Warren Buffet and Russia and others) for using these moron environmentalists to fight all the pipelines. That said, some of that pipeline craziness really screws over Canada and Northern US oil plays (Wyoming and North Dakota) and benefits plays down here so I guess I shouldn’t complain too much. Bad for US...good for Texas. Yeah us.
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  • Doog_de_Jour
    Doog_de_Jour Member Posts: 8,042 Standard Supporter
    GrundleStiltzkin said:

    1. The US shale gas & oil revolution.

    Obviously this one of main thrusts of the book, and one of my big takeaways. I consider myself decently well-read about US news at the topline. I cannot recall reading much if anything about this separate from a partisan view. Plenty of "shale gas will poison water" or "greens are trying to kill jobs." Not much about how impactful this was domestically and internationally. This was a huge eye-opener.

    A close corollary to this point, eye-opening reading just how good the US economy was pre-Vid. Wow, just wow.

    Question for my oil & gas guysm: The book makes mention of the short-cycle nature of fracking wells, versus the long-cycle of conventional wells like in Middle East or South America. Out of the scope of the book is the pros and cons of that. Anyone care to expound?

    Another related anecdote from the: In 2015 (I think? maybe earlier), Venezuela proposed in an OPEC meeting to push propaganda in the US about the environmental horrors of fracking. Fuck those guys.

    Before picking up this book, I knew jack shit about shale, fracking, etc. Like Grundle I was spoon fed a steady diet of how evil it was. I really want to read more to understand the science behind it. Whatever the truth of its environmental impacts, I’m glad it diversified our country’s energy portfolio. And as this book so brilliantly outlined, without energy independence you’re vulnerable.

    Side note, I had no idea that Standing Rock/Dakota Access Pipeline protest are what set off AOC’s political career.
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  • HoustonHusky
    HoustonHusky Member Posts: 6,011
    edited March 2021
    Should say I’ve always found Yergin exceptional in his historical summation/characterization on things that have happened...can’t always say the same about when he applies it going forward (true of most everyone...I guess I criticize him more because he says it with such authority and it’s given such weight because of who he is). That was always my biggest issue with Commanding Heights.
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