+- +-

+-User

Welcome, Guest.
Please login or register.
 
 
 
Forgot your password?

+-Stats ezBlock

Members
Total Members: 51
Latest: JUST4TheFACTS
New This Month: 0
New This Week: 0
New Today: 0
Stats
Total Posts: 14486
Total Topics: 265
Most Online Today: 10
Most Online Ever: 201
(December 08, 2019, 11:34:38 pm)
Users Online
Members: 0
Guests: 4
Total: 4

Author Topic: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!  (Read 6065 times)

0 Members and 0 Guests are viewing this topic.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 31421
  • Location: Colchester, Vermont
    • Renwable Revolution

Weatherford International cutting another 2,000 jobs  ;D

Nicolas Torres  May 6, 2016

Weatherford International said Wednesday that it’s planning another 2,000 job cuts in an effort to cope with low oil prices.

The company said in its first quarter results that it plans to further reduce its cost structure by another 2,000 in headcount and complete the closing of five additional manufacturing and services facilities.

The company did not disclose further details about the headcount reduction.

Weatherford also confirmed that expects to close another 30 operating and other facilities by the end of 2016, with a target of completing half of those closures by the end of the second quarter.

The Houston-based company said it completed 78 percent of its previously announced 6,000 headcount reduction target during the first quarter.

Weatherford also ceased operations at four of the nine manufacturing and service facilities it expects to close this year and shut down 26 operating and other facilities in North America.

The company reduced its full year capital expenditures forecast to $250 million, 63 percent lower than its 2015 spending level and 83 percent below its spend in 2014.
Quote

“During the first half of 2016, we are confronted with an unusually severe market contraction characterized by extremely low levels of customer activity and punitive pricing. We are managing our operations with more cost rationalization, cash discipline and an intensified sales drive, helping our customers improve efficiencies and economics,” Weatherford chairman, president and CEO Bernard J. Duroc-Danner said.


Weatherford’s first quarter revenue fell to $1.59 billion from $2.79 billion in the first quarter of 2015.

GAAP net loss for the first quarter of 2016 was $498 million, or a net loss of $0.61 per share.

Net loss on a non-GAAP basis for the first quarter of 2016 was $239 million, or a net loss of $0.29 per share, compared to a net loss of $33 million in the first quarter of the prior year.

The company said it was able to negotiate the renewal of its revolving credit facility and a new term loan facility during the first quarter.

“In addition, in order to safeguard our company from a protracted down cycle, during the first quarter, we successfully raised $630 million of net proceeds through an equity offering,” Weatherford added.

http://petroglobalnews.com/2016/05/weatherford-international-cutting-another-2000-jobs/

Agelbert NOTE: $630 million dollars raised from true believing suckers shows that the fossil fuel industry happy talk continues to capture the biosphere math challenged morons.   

Some people never learn. 
Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 31421
  • Location: Colchester, Vermont
    • Renwable Revolution
The VERY recent 600,000 BPD decline from  Canada electing to idle tar sands piggery operations because 80,000 people were evacuated from a town nearby will help MKing and friends achieve there feverish hopes for a rise in oil prices in the short term.

But it won't last, no matter how much the speculators scheme to jack up the price in the commodity futures market(s) in a move TOTALLY UNRELATED to fundamentals, as occurred last month when MKing was crowing about oil prices "rising on increased demand".

Quote
Speculator bets on higher Brent prices reached record highs last week as Brent futures gained 21.5 percent in April, their largest monthly advance in seven years.  Bets on WTI futures and options also rose, to 10-month highs, feeding investor views that prices may have risen too far, too fast.

"The recent rally in oil prices that took WTI above $46 a barrel appears to have little to do with fundamentals, only partially with financial factors, and possibly more to do with sentiment  ;)," BNP Paribas oil strategists Harry Tchilinguirian and Gareth Lewis-Davies said.

http://www.marketbeat.com/stories.aspx?story=http%3a%2f%2ffeeds.reuters.com%2f%7er%2freuters%2fbusinessNews%2f%7e3%2fKRsJG-pnYz0%2fus-usa-puertorico-default-idUSKCN0XT171
 

Quote
New Report Shows ‘Natural Gas Increasingly Becoming an Unnecessary Bridge to Nowhere’

SUN DAY Campaign | April 28, 2016 10:13 am

Setting a new lopsided quarterly record, renewable sources (i.e., wind, solar, biomass and hydropower) outpaced—in fact, swamped    —natural gas by a factor of more than 70:1 for new electrical generating capacity placed in-service during the first three months of calendar year 2016.

According to the most recent data provided by the U.S. Energy Information Administration (EIA), actual net electrical generation from utility-scale renewable energy sources totaled about 14.3 percent of total U.S. electrical production as of January 31, 2016 (see: http://www.eia.gov/electricity/monthly).

However, this figure understates renewables’ actual contribution because neither EIA nor FERC fully accounts for all electricity generated by  distributed, smaller-scale renewable energy sources such as rooftop solar (e.g., FERC acknowledges that its data just reflect “plants with nameplate capacity of 1 MW or greater”). 




Peak oil DEMAND will continue to fall as new Renewable Energy comes online. Mking ASS-U-MEs that all that money invested in oil piggery will be defended because it's "such a great investment". 

I think RE has, on numerous occasions   ;D, tried to explain to MKing that throwing good money after bad DEBT is brain dead, as well as wishful thing on MKing's part.

the money put into oil and gas with wall street that either has to go back to the investors, or be spent in oil and gas. The number runs into the 12 figures.

No, it doesn't.  It can completely dissapear down a Black Hole of irredeemble debt.  The "money" being issued out here is debt money.  If the underlying assets used as collateral do not have the value that was attributed to them at the time the debt was issued, the difference between the debt money issued and the collateral devaluation is entirely lost money.  It never really existed  actually, it was just notional money based on future promises.

RE


But as for MKing's "world class fossil fuel worshipping geochemist views" about the future of the fossil fuel industry and the "soon recovery" of oil and gas prices (also desperately hoped for by such banking pigs as JPM that have their asses in the wind for loaning out so much money to the now cratering oil and gas corporations), SEE BELOW:

Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 31421
  • Location: Colchester, Vermont
    • Renwable Revolution


Big Oil Told to Adapt or Die   

Kieran Cooke, Climate News Network | May 9, 2016 9:11 am

At best, big oil companies such as ExxonMobil, Shell, Chevron and BP face a period of gentle decline, but will ultimately survive.

At worst, if they do not adapt and change direction, “what remains of their existence will be nasty, brutish and short.”

That’s the core message of a research paper on the oil corporates by one of the UK’s leading energy experts, Paul Stevens, a senior research fellow at the London-based Chatham House think tank, the Royal Institute of International Affairs.

Present management strategies within the oil majors have failed to deliver value to shareholders and profits are declining sharply, Stevens said.



Impact on Climate

Meanwhile, growing public and governmental concerns over fossil fuels and their impact on the climate, together with a sharp drop in prices, are threatening the survival of the international oil companies (IOCs).

“The IOCs cannot assume that, as in the past, all they need to survive is to wait for crude prices to resume an upward direction,” Stevens warned.

“The oil markets are going through fundamental structural changes driven by a technological revolution and geopolitical shifts. The old cycle of lower prices followed by higher prices can no longer be assumed to be applicable.”

Stevens says the business model adopted by the IOCs has failed. They have to downsize and many of their assets will have to be sold off. Above all, the corporate culture of these once-mighty conglomerates has to change.

Although growing international pressure to take action on climate change and falling prices have together led to a decline in the IOCs’ fortunes, the rot set in many years ago, says the research paper.

Up to the early 1970s, the IOCs had it all their own way, controlling most aspects of oil exploration, production and distribution. But the rise of state-controlled energy companies asserting control over national resources severely diminished the IOCs’ power.

Starting in the 1990s, the IOCs embarked on a high-risk strategy: they invested in increasingly higher-cost and more technologically-challenging projects. This was built on a “quasi-religious” belief in perpetually rising oil demand, the paper says. Finding new reserves was all-important.

Those who invested in the IOCs hoping for high returns on their money have been disappointed.

“Overall, there can be little doubt that, from an investor’s point of view, the IOCs have been failing to perform,” the study says.

The 2008 financial crisis made investors nervous about putting their money into large, high-risk, long-term projects—such as Arctic oil exploration.

The Deepwater Horizon oil spill in 2010—when millions of barrels of oil were discharged into the Gulf of Mexico—escalated industry costs and further environmental concern about the activities of the oil majors.

In the first eight months of 2015 alone, the stock prices of ExxonMobil, Chevron, Shell, ConocoPhillips and BP dropped by as much as a third. Over the past two years, nearly US$400 billion of new oil projects have been shelved.

Attempts at diversification—into coal, nuclear, supermarkets and hotel chains—have been largely unsuccessful. The IOCs have also invested in renewable energy sources, including solar and wind. But Stevens writes: “These efforts were relatively short-lived and many IOCs have subsequently pulled out of such ventures.”

Limiting Emissions
Quote
There are doubts over whether the oil companies have the necessary technical and managerial skills to operate successfully in what is rapidly becoming a decentralized energy system.

The IOCs also find themselves burdened with “stranded assets”—fossil fuel deposits that cannot be exploited if international agreements on limiting greenhouse gas emissions are going to be fulfilled.

The demise of the oil majors has been predicted before, yet the companies live on. Despite recent setbacks, they are still financially powerful, with considerable political influence in many areas.

Billions of dollars of pension funds are tied up in the IOCs. Although their shares have taken a pounding on the stock exchanges, their combined market worth still dwarves the gross domestic product of many countries.

http://ecowatch.com/2016/05/09/big-oil-adapt-or-die/

Agelbert COMMENT: Fossil fuel corporate crooks and liars are, by their nature, empathy deficit disordered. Therefore, we can expect them to NOT adapt. As the author says, “what remains of their existence will be nasty, brutish and short.”

GOOD!
Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 31421
  • Location: Colchester, Vermont
    • Renwable Revolution
Energy expert: Oil companies must shrink and diversify or face rapid decline

Sami Grover (@samigrover)
Energy / Fossil Fuels
 May 10, 2016


Oil companies have about ten years to figure out a new business model, says Professor Paul Stevens, Distinguished Fellow, Energy, Environment and Resources at Chatham House—a think tank focused on international affairs. If they don't, he argues, they could face a rapid and "brutish" decline within the next ten years.

That's the thinking he lays out in a new research paper entitled International Oil Companies: The Death of the Old Business Model.

While it's tempting for us TreeHuggers to give all the credit to recent innovations in green technology, victories on the environmental policy front and a growing divestment movement—all of which are no doubt contributing to the industry's woes—Stevens says the issues that BP, Exxon and the like face are more fundamental, and a lot more deeply seated than these relatively new challenges.



Because oil companies have spent the last 30+ years trying to maximize shareholder value  , increase their bookable reserves (discovered oil that they can claim on their books) and outsource much of their day-to-day production operations, they were already in a position where they had too many eggs in a highly unstable basket.



Now, with oil prices crashing while the cost of production does not; with campaigners scoring victories from the Paris climate agreement to major institutional divestment from fossil fuels; and with increasingly viable competition from electrified transportation, efficiency and renewables—oil companies may be facing a unique confluence of uphill challenges.


After all, when the car that's generating the most buzz among the public burns literally zero oil  ;D; when Saudi Arabia says it's got to diversify away from oil  ;D; and when the Governor of the Bank of England says many of our known reserves are unburnable  ;D, a strategy based on discovering and selling more oil in the future  starts to look uncertain at best.


But what's the solution?  ???  Stevens does offer a relatively straightforward suggestion. Unfortunately, it's probably the last thing that many folks in the board rooms will want to hear  ;D:

"In this new world, the only realistic option for the IOCs lies in restructuring and realizing many of their current assets to provide cash for their shareholders.


Inevitably, this means that they must shrink into the remaining areas of operation, functionally and geographically, where they can earn an acceptable return. This would require a major change in the corporate culture of the IOCs. It remains to be seen whether their senior management  could handle such a fundamental shift. If they can, the IOCs will be able to slip into a gentle decline but ultimately survive on a much smaller scale."

Quote
Oh well, let's look at it this way: It's not like an incumbent and seemingly monolithic industry has ever been caught napping to the extent that it suddenly found the old rules of the game no longer apply. Right?  

http://www.treehugger.com/fossil-fuels/energy-expert-oil-companies-must-shrink-and-diversify-or-face-rapid-decline.html


Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 31421
  • Location: Colchester, Vermont
    • Renwable Revolution

LINN Energy files for Chapter 11 with $9.3 billion in debt
By Nicolas Torres -
 
May 12, 2016
LINN Energy said Wednesday that it will file for Chapter 11 bankruptcy protection.
LINN Energy, LinnCo and Berry Petroleum Company have entered into a restructuring support agreement with the holders of at least 66.67% by aggregate of outstanding principal amounts of LINN’s amended and restated credit agreement, dated as of April 24, 2013, as amended, and Berry’s Second Amended and Restated Credit Agreement, dated as of November 15, 2010, as amended.

In order to implement the terms of the restructuring support agreement, the company filed voluntary petitions for restructuring under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas .

The company expects its operations across its asset base to continue    in the ordinary course throughout the Chapter 11 process.

Under the restructuring support  ;) agreement, the parties agreed to support a reorganization plan for the company that would include a new LINN $2.2 billion reserve-based and term loan credit facility on terms established in the restructuring agreement, the consensual use of LINN and Berry’s cash collateral to fund the Chapter 11 cases under negotiated terms and conditions and the broad terms of a comprehensive restructuring of the company’s indebtedness.

The restructuring support agreement was filed as an exhibit to a current report on Form 8-K with the Securities and Exchange Commission on Tuesday.

The company anticipates that cash available to it during its Chapter 11 cases will “likely provide” sufficient liquidity  to support the business during the financial restructuring process.

The company does not currently intend to seek debtor-in-possession financing.

Houston-based LINN
said it intends to continue paying employee wages and provide healthcare and other defined benefits without interruption in the ordinary course of business.   

The company will also pay suppliers and vendors in full under normal terms for goods and services provided on or after the Chapter 11 filing date.  ;)   

“Like many others in our industry, LINN has been impacted by continued low commodity prices. We believe that these steps will provide us the financial flexibility to successfully manage in the current commodity price environment and, when combined with constructive agreements with our remaining creditors and potential third party financing, will provide a platform for future growth,” LINN Energy chairman, CEO and president Mark E. Ellis said.   

LINN warned in March that “significant indebtedness” could prompt it to file for bankruptcy.

In a filing with the Security and Exchange Commission, the company said that month that it was in default under its LINN credit facility and its second lien indenture.

As of February 29, the company had an aggregate amount of $9.3 billion outstanding under its notes and credit facilities, with an additional borrowing capacity of less than $1 million.

LINN reported  a fourth quarter 2015 net loss of $2.5 billion, or $7.05 per unit, and a full year 2015 net loss of $4.8 billion, or $13.87 per unit.

Kirkland & Ellis LLP is serving as legal advisor to LINN, Lazard is serving as its financial advisor and AlixPartners is its restructuring advisor.

http://petroglobalnews.com/2016/05/linn-energy-files-chapter-11-9-3-billion-debt/

   
Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 31421
  • Location: Colchester, Vermont
    • Renwable Revolution
 
   

Oil & Gas Job Losses Top 43% Worldwide

Published at 04:36PM - 12/05/16

Global job losses in the oil & gas industry have just topped 350,000, more than 43% of the industry’s total workforce worldwide.

By the beginning of this month, the figure was at 351,410 globally with the most severe impact of layoffs focused in the oilfield service sector of the industry, according to a Graves & Co. survey.

“The impetus to cut costs has significantly affected those responsible for finding, developing and producing oil and gas”, said Graves & Co. president, John Graves.


Job Cuts Across The Oil & Gas industry
Layoffs in the upstream production sector began slowly but in recent months, they have surpassed those in the drilling, contracting and supply sectors, reaching 80,265, or just under 23% of total layoffs, while drilling and supply now represent 15% and 14.5%, respectively.

“For a long time, job cuts in the E&P sector lagged behind the oilfield service, drilling and supply sectors as oil and gas producers attempted to hold on to important  talent, Graves explained.



18 US Firms File For Bankruptcy  

In some cases, layoffs have not been enough and companies have been forced to take extreme measures. In March and April alone, it has been reported that 18 North American companies had filed for bankruptcy protection and since then, the trend continues.

Yesterday, Linn Energy has filed for bankruptcy after spending a massive amount of money in the shale land grab.  From 2012 to 2014, the company was an active acquirer, having purchased around US$10.5 billion of assets (£7.25 billion).

“Like many others in our industry, Linn has been impacted by continued low commodity prices”, Linn Energy Chairman Mark E. Ellis, said.

Also in the US, local driller Newfield Exploration announced plans to relocate up to 15% of its US workforce to cut costs amid low crude prices.

“We’re dealing with challenging market conditions”, said Newfield spokeswoman Cindy Hassler. “Our management felt that centralising in The Woodlands would drive better performance in Oklahoma”, she added. 

http://www.offshorepost.com/oil-gas-job-losses-top-43-worldwide/
Quote

"Hitting peak oil will come faster than any of us think. But don't blame dwindling supply — it's all about disappearing demand" Amory Lovins
Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 31421
  • Location: Colchester, Vermont
    • Renwable Revolution
Faced by Falling Oil Prices and Plunging Profits, Big Oil Invests in Renewables

Kieran Cooke, Climate News Network | May 22, 2016 11:09 am

The big oil companies’ on-off affair with renewable energies seems to be back on track.  ;)

Recent reports say Shell, the Anglo-Dutch oil conglomerate, is to invest $1.7 billion in forming a new company division aimed specifically at developing renewable energy and low carbon power.   

As a recent report pointed out, the oil companies have failed to adapt to an increasingly fragmented global energy system. Buffeted by low oil prices and tightening climate change-related regulations, they have seen a sharp drop in their financial fortunes.

This follows on the heels of an announcement by the  French oil company Total, another of the oil giants, that it is stepping up its investments in clean energy, spending more than $1 bn buying Saft, a major battery manufacturer. Total has also purchased  a majority share in SunPower,  a leading solar concern.

Even ExxonMobil, for long an organization which cast doubt on the whole science of global warming, has recently announced plans to investigate fuel cell technology in order to build carbon capture and storage facilities and eliminate greenhouse gas emissions from power installations. 

Low Investments

On the face of it, this is all good news in the battle against climate change. Emissions from fossils fuels, particularly from oil and coal burning, are a major driver of global warming.

Yet as a proportion of their overall spending, the oil giants’ investments in renewables are still very low, and are dwarfed by their spending on fossil fuel-related activities.

Also, in the past, the oil majors have made much-publicized announcements about alternative energy investments, only to later quietly withdraw their support.   

As a recent report pointed out, the oil companies have failed to adapt to an increasingly fragmented global energy system. Buffeted by low oil prices and tightening climate change-related regulations, they have seen a sharp drop in their financial fortunes.

BP has been worst hit, reporting a loss of $6.5 billion in 2015 compared to a profit of $3.8bn the previous year.

Market Share Lost

Operating in an oil market which is increasingly chaotic and unstructured is not easy. The major oil companies—once all-powerful in the energy market—have over the years lost production and market share to state-owned conglomerates, most of them gathered under the Organisation of Petroleum Exporting Countries (OPEC) umbrella.

In recent years OPEC itself has begun to fracture, and production level agreements have broken down.

Member countries Saudi Arabia and Iran are bitter enemies. Libya is in a state of near civil war. There is political chaos in Venezuela. Rebel groups are attacking oil installations in Nigeria.

Meanwhile non-OPEC members—the U.S. and Canada—have been adding to a global oil glut—caused primarily by a slowing world economy—by pumping out millions of barrels of oil from shale deposits and by fracking.

Experts say that in order to survive, the oil majors have to invest in new technologies, including renewables. Once again, the companies are taking tentative steps along that path, but it might be too little, too late for them to survive. 

Kieran Cooke, a founding editor of Climate News Network, is a former foreign correspondent for the BBC and Financial Times. He now focuses on environmental issues

http://ecowatch.com/2016/05/22/big-oil-invest-renewables/

Agelbert NOTE: The ONLY reason the oil majors lie about "plans" to go into Renewable Energy and/or try to buy the Renewable Energy competition, like French Oil Pig Total is doing with the over one billion dollar purchase of Saft, a major battery manufacturer, is to suppress Renewable Energy.

The Fossil fuel Industry does not like losing energy market share to Renewables, particularly those Renewables that destroy demand for gasoline and diesel (i.e. battery powered TRANSPORTATION).

What's the big deal about big oil transportation market worries versus all the other uses fossil fuels are used for in our civilization? ???

The simple answer is that, as you all know, the products of the oil and gas majors have to be refined in, of course, refineries. That is a complex, energy hogging process that the fossil fuelers do not like to talk about. It produces a LOT of pollution, above and beyond the pollution from flaring (and other causes) at ocean and land oil and gas rig fossil fuel extraction sites.

I have, in the past, mentioned how CH4, otherwise known as methane, can be obtained from animal feces Methane Harvesters without ANY flaring or ANY aquifer polluting side effects that are sine qua non to Fracking. Fracked CH4 gas is NOT "natural" gas. Methane harvester CH4 IS RENEWABLE ENERGY, POLLUTION FREE, NATURAL GAS. The ERoEI of CH4 from Methane Harvesters is FAR MORE than that of CH4 from Fracking. But today I wish to concentrate on crude oil, not Fracked oil and gas.

In an oil refinery, the crude oil is processed to produce certain fractions by percentage, that are fairly rigid, from a given amount of crude oil. Because some of the crude is volatized during the distillation, heating, cracking and isomerization stages, the percentages add up to a little more than 100%.

Before you become too bored, the main point here is that about 42% of every single barrel of crude oil MUST yield gasoline raw material. NO OTHER FRACTION comes to even half the gasoline raw material fraction.

I say "raw material" because that 42% will NOT properly run your car like biofuel plant based ethanol can with ZERO added energy inputs and processing.

The raw gasoline must be catalytically reformed and isomerized to make the short hydrocarbon chains into long ones to increase the octane (avoid engine knocking - further processing is required - adding some chemicals that replaced lead, though lead is STILL added for aviation gasoline, ALL through a highly energy intensive process that bought and paid for Charles Hall does not want to include in his energy math.  ;)).

Finally, gasoline has to be "sweetened", something totally unnecessary for biofuel based ethanol (the fossil fuel industry produces about 5% of world ethanol output - the ERoEI of biofuel ethanol is FAR higher than the ERoEI of fossil fuel based ethanol - regardless of the propaganda claiming they are the same). "Sweetening" is the process of making it smell less offensive (and be less polluting when it is burned) by stripping the gasoline of a large part of its sulfur content. "Sweetening" ALSO uses a lot of energy. 

But our dear loyal servants in the fossil fuel industry, have managed to make vast fortunes and kept the CLEAN energy competition at bay with "subsidies" their bought and paid for politicians continually baby them with.

Along comes solar power and batteries and starts to eat fossil fuel lunch in heating oil (this is a smaller distillate fraction than gasoline but it gets their attention).
THEN battery technology begins to take off and it REALLY gets their attention.  That is because EV's run on batteries that can get all their energy from solar power. It's a combination that threatens OVER 42% of the downstream product profit.

When 42% of the fossil fuel industry refinery product goes from being a lucrative contribution to profits to being a loss inducing, and added polluting cost because you have to burn it at the refinery, the entire business model of the crude oil extracting fossil fuel industry is in jeopardy.   

So, they try to suppress, strangle, buy, bop, etc. the competition while continuing to bullshit us 24/7 about how they are just trying to provide "cheap" energy. 

SO, every time somebody tells you about how "unimportant" transportation fuels are to the big oil bottom line and how we "need" oil for a "lot of other stuff" that makes oil "necessary" for our civilization, I suggest you quote the following to them:

Quote
REFINERY MAIN PRODUCTS BY PERCENTAGE

Refinery gases (including liquefied gas) 6.2%
Gasoline 42.4%
Jet fuel 6.9%
Burning (heating) oils, including kerosene 23%
Naptha and Petrochemical FEEDSTOCKS 5.5%
Lubricants and waxes 1.4%
Asphalt 3.1%
Miscellaneous 0.9%

Residuals (heavy oils) 11.6%

These percentages are by volume and total more than 100 per cent, because many of the products have a lower density than the original feedstock.

SOURCE: The New Illustrated Science and Invention Encyclopedia: Volume 13
Published by H. S. STUTTMAN INC.


A mere 5.5%, on the average. is for plastics, pesticides, fertilizers, pharmaceuticals, ETCETERA. So you can tell the propagandists claiming we "need" oil for "a lot of other stuff" that they are either ignorant of the facts, or complicit in the mendacious and disingenuous propaganda.

The fossil fuel industry is DEAD if they cannot sell us GASOLINE and HEATING OIL.
Now you KNOW why they have been fighting solar power and want to suppress battery technology.

We-the-people are HURTING the fossil fuel industry bottom line. 

Quote
The average U.S. household is expected to spend about $550 less on gasoline in 2015 compared with 2014, as annual motor fuel expenditures are on track to fall to their lowest level in 11 years.
http://www.eia.gov/todayinenergy/detail.cfm?id=19211

THAT is because we are DRIVING LESS , not just because the cost of fuel has gone own. Added to the demand destruction is the steady increase of EVs.

But if you don't have the money to buy one, just do what I do. For over a decade I have averaged less than 2000 miles a YEAR in my 1997 Camry. That's about 110 gallons of gasoline a YEAR.

The average household consumes about 1,011 gallons per year (and that is over 15% DOWN from previous years  ;D). The math challenged fossil fuel industry propagandist (MKing) repeatedly calls me a "gas guzzler" even though my household consumes 90% LESS  gasoline than the average American household.  ::)

If every family did that, the fossil fuel industry would, despite all their subsidy swag, DIE. Do your part. Use NO gasoline.  If that is not possible, then combine errands and use a LOT LESS gasoline. By doing that you will help the fossil fuel industry go the way of the dodo bird. The sooner, the better.







 
« Last Edit: May 22, 2016, 06:52:08 pm by AGelbert »
Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 31421
  • Location: Colchester, Vermont
    • Renwable Revolution
Another one bites the dust...twice!

HTF does this work?   ???     

RE

http://oilprice.com/Energy/Energy-General/US-Oil-Company-Sets-New-Record-with-Second-Bankruptcy-in-One-Year.html

U.S. Oil Company Sets New Record: Headed For Second Bankruptcy in One Year


For the second time in less than a year, oil services provider Hercules Offshore is heading for Chapter 11 bankruptcy protection by entering a restructuring support agreement (RSA). The Wall Street Journal writes that ''In a prepackaged bankruptcy, companies line up creditor support for their debt-payment plans before seeking chapter 11 protection, allowing them a speedier—and cheaper—trip through bankruptcy.

Last August, Hercules filed for Chapter 11 protection—the first time. At the time, the company showed US$13 billion in debt and just over US$546 million in assets, trying to restructure with a new US$450-million credit line.

Related: Clinton Chasing Votes With Fracking U-Turn

It resurfaced from this bankruptcy only in November, but the perpetual low oil price environment led to a slump in exploration investment and project cancellations.

Under the new Chapter 11 filing, Hercules is selling assets to pay off investors. The company has reportedly agreed to transfer the right to buy the Hercules Highlander jack-up rig to a subsidiary of Maersk Drilling for US$196 million.

The company said that its international units will not be included in the Chapter 11 filing, but will be part of the sale process.

In just the first four months of 2016 there were double the the number of energy company bankruptcies than in all of 2015. The total secured and unsecured defaults rose to $34 billion, double the $17 billion total for all of 2015. In 2015, 42 oil companies filed for bankruptcy.

In April this year, 27 North American oil and gas companies filed for bankruptcy—11 of them filing under Chapter 11, according to a Haynes and Boone report. Some 69 North American oil and gas producers have filed for various forces of bankruptcy.

More than one-third of public oil companies globally face bankruptcy, according to a new Deloitte report that paints a fairly gloomy picture of the U.S. shale patch as it struggles to survive under mountains of debt.


Chapter 11 is a corporate welfare queen bailout mechanism, ESPECIALLY if the corporation is a fossil fuel corporation.

WHY? Because the "restructuring" of the corporate finances are figured by trustees in Fossil Fuel FRIENDLY Bankruptcy courts (mostly in TEXAS) that, in virtually ALL of the fossil fuel Chapter 11 proceedings last year, PROJECTED $60 per barrel prices in 2016.

It didn't happen. HOWEVAH, the oil pigs got away with operating WITHOUT paying their main creditors based on projected earnings happy talk BULLSHIT that the bankruptcy courts swallowed hook, line and (bought and paid for) sinker.

When ANY other corporate enterprise, such as a retailer or, dare I say, a Renewable Energy product manufacturer  ;), goes into Chapter 11, they do not get this totally irresponsible, irrational and corrupt court protection and help.

We hear wailing and gnashing of teeth about Renewable Energy "scams and boondoggles" and all that "subsidy money waste" and "giant scam taxpayer loans" for Renewable Energy (statistically insignificant compared with fossil fuel subsidy and taxpayer loan swag), BUT NOT A PEEP about how fossil fuel corporations, that should have gone the way of the dodo bird, are still there.

The fact is that there is no way that ANY of these oil pigs can make money, even with their subsidy swag (along with the hidden pollution "externalized costs" subsidy swag) at less than around $60 a barrel. And THAT is why the Bankruptcy courts push the BULLSHIT that they will be "profitable again", because, uh, the price of crude will soon exceed $60 a barrel...

The HELL of it is, they may be right! 

But NOT because of supply and demand. NO SIR! It will be because of GAMED SPECULATION in the commodities trading of oil and gas futures, just like happened around 2003. ANY study of that period confirms the FACT that there was NO "lack of supply" to justify the price shocks.

At present the recent 80% rise in per barrel prices was ALL SMOKE AND MIRRORS.

The fact that a one billion barrel oil basin has just been discovered and announced ACCESSIBLE to current drilling technology off the Falklands SHOULD, in a sane world, spell the DOOM of any oil pig that requires $60 a barrel to survive.

But as long as we have bought and paid for bankruptcy courts in Texas, and the government backed gamed commodities trading CRAP, the WELFARE QUEEN babying of oil and gas corporations will continue.
Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 31421
  • Location: Colchester, Vermont
    • Renwable Revolution
Palloy said
Quote
In conclusion: In spite of the recent increase in Russian production as well as the slight increase from the North Sea, in spite of the dramatic production increase from Iran due to the lifting of sanctions, world crude oil production is in decline. And while it is true that most of this decline is due to the price crash it remains to be seen just how much production will recover when the price returns to… to… wherever it returns to before it stops.

But… the decline has only just begun. The price collapse caused the plateau in world oil production that began about March 2015. However, the decline did not actually begin until January 2016. The dramatic rise in production from Iran has kept the decline from becoming obvious to everyone. However, when the May production numbers come in, I think it will then become obvious to everyone.

I disagree with your conclusion. There is a lot more at work here than just Iran. As usual, you ignore the Renewable energy caused demand destruction contribution to the sticky low price AND the commodities futures speculation manipulation. When you do acknowledge reduced demand, you claim it is due exclusively to depressed economies. The demand destruction is a combination of the two, though apparently you will never accept that.   

The current demand will continue to go DOWN while production is INCREASING, not declining. The meeting of OPEC coming up has EVERY sign of everybody giving each other the finger, not some "gentlemanly" agreement to engineer higher prices by reducing production.

That is not my opinion; it's the opinion of a PRO-Oil dude that is moaning and groaning about it with some rather inconvenient, but quite accurate, data. He WANTS prices to rise. But he does not see that happening any time soon.

I agree UNLESS speculation achieves it. The fundamentals you are referencing DO NOT justify it, mainly because the "demand" predictions are happy talk. If you seriously expect objectivity about oil demand from the EIA, you are in for a rude awakening.

OPEC: Obviously Powerless to Effect Change?
Analysis & Opinion > OPEC: Obviously Powerless to Effect Change?   

Exclusively For Offshore Post: Declan is an internationally recognised journalist of more than two decades, having worked for the BBC and ABC News, focusing on all things business and global economics.

SNIPPET:

Increasing Production
Meanwhile, Kuwait, the United Arab Emirates and now Iraq are talking about increasing production, not reducing it. And some of the temporary shortages that nudged the market price of Brent Crude back above $50 a barrel are just that – temporary.

Canada will repair the disruption to supplies caused by those forest fires (see my last column). Suncor Energy, Canada’s biggest oil producer, announced a “safe and staged restart” of production last weekend; it has moved over 4,000 employees and contractors back into the region already, with another 3,500 people to follow this week.

So prices are likely to remain low, and possibly for quite a while longer. It is possible to conjure up a narrative that says suppressing the market price by producing far more crude than the world needs is all a far-sighted, intensely clever strategic play by the Saudis and OPEC to stimulate demand for oil, and stretch that demand long into the future while eliminating some deadly rivals.

A low oil price squeezes the life out of America’s high-cost, highly indebted shale industry, it makes it less economic to develop renewable sources of energy, it reduces the urgency to become more energy efficient and it curbs the temptation to switch to lower-cost fuels. In this narrative, we stay reliant on Saudi oil for decades to come.

Feeling The Pain

But it’s hard to see it as cool, calculating strategy when it is causing such pain for the oil industry – and for nations that rely on oil revenues, inside and outside OPEC.

http://www.offshorepost.com/analysis/opec-obviously-powerless-effect-change/?utm_source=Offshore+Post&utm_campaign=2733d07d75-Declan+Tuesday+May+30+2016&utm_medium=email&utm_term=0_d0509d2a93-2733d07d75-265831769

 
Here's another reality check for those (like you, perhaps?  ;)) hoping for prices above $50/barrel:

Russia Won't Attend OPEC Meeting; Now Shuns Output Freeze
http://www.rferl.org/content/russia-wont-attend-opec-meeting-vienna-now-shuns-output-freeze-novak-/27771522.html

AND, about the
SPECULATION SMOKE AND MIRRORS that can jack up oil prices (absent ANY fundamanetals justification) that you REFUSE to acknowledge:

Quote

A recent study by Cambridge Econometrics, Oil Market Futures, concluded that investing in clean transportation could help head off the next oil price spike.






Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 31421
  • Location: Colchester, Vermont
    • Renwable Revolution
7 Charts Show How Renewables Broke Records Globally in 2015 

Simon Evans, Carbon Brief | June 3, 2016 12:33 pm

SNIPPET:

Global investment in renewable energy reached record levels in 2015, according to a new report from the UN Environment Programme (UNEP) and Bloomberg New Energy Finance (BNEF).

More surprisingly, perhaps, the report shows that the $286bn poured into green energy was more than double the spending on coal– and gas-fired power.

It also shows, for the first time, that more renewable power capacity was added than other sources and that renewable energy investment was mostly in developing countries.

Carbon Brief runs through the key findings in seven charts.



Full article and the other six charts at link below:

http://ecowatch.com/2016/06/03/renewable-investment-broke-records/

Agelbert NOTE: ANYONE that claims the above global energy market share of Renewable Energy is not SERIOUSLY DESTROYING DEMAND for fossil fuels, is willfully ignorant of reality or is working for the fossil fuel industry (usually the same thing  ;D).

The declining energy market share of fossil fuels is the most important, and deliberately unreported, reason that the price of crude oil remains low.   

Quote
"Hitting peak oil will come faster than any of us think. But don't blame dwindling supply — it's all about disappearing demand" Amory Lovins



Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 31421
  • Location: Colchester, Vermont
    • Renwable Revolution
Oil price forces industry  to cut back on spending ;D

SNIPPET:

The international oil industry is set to cut spending on exploration and development by $1 trillion as it responds to a plunge in oil prices, according to Wood Mackenzie.

Global investment in oil and gas projects between 2015 and 2020 will be 22 per cent lower than expected after prices began to slide in 2014, the researcher and consulting company said. A further $300 billion will be cut from exploration in areas such as the Arctic.

“The impact of the global drop-off on upstream spending has been absolutely huge,” Malcolm Dickson, of Wood Mackenzie, said.

http://www.thetimes.co.uk/article/oil-price-forces-industry-to-cut-back-on-spending-7ptnwqkbm
Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 31421
  • Location: Colchester, Vermont
    • Renwable Revolution
“The world nears peak fossil fuels for electricity”

The era of ever expanding global demand for fossil fuels to generate power comes to an end in less than a decade, according to a new forecast by Bloomberg New Energy Finance. The peak year for coal, gas and oil will be 2025, and the world is headed for another “remarkable” tipping point by 2027, writes Tom Randall in an accompanying article. “At that point, building new wind farms and solar fields will often be cheaper than running the existing coal and gas generators.”

The report also argues that electric cars arrive just in time to prevent a fall in power demand in many economies.    

Quote

“Take Germany, where increases in efficiency mean that without electric cars, demand for electricity would be headed toward a prolonged and destabilizing decline.”

http://www.bloomberg.com/news/articles/2016-06-13/we-ve-almost-reached-peak-fossil-fuels-for-electricity

Quote
"Hitting peak oil will come faster than any of us think. But don't blame dwindling supply — it's all about disappearing demand" Amory Lovins

Amory Lovins on Energy Efficiency Breakthroughs (real world 90% plus waste reduction) that seem hard to believe:


Quote
"Only puny secrets need protection; big discoveries are protected by public incredulity."

Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 31421
  • Location: Colchester, Vermont
    • Renwable Revolution
Parked Gasoline Tankers Evidence Gasoline Demand Destruction.     

Gasoline Tankers Parked Off New York

July 5, 2016 by Reuters By Ron Bousso

LONDON, July 4 (Reuters) – At least two tankers carrying gasoline-making components have dropped anchor off New York Harbor for nearly a week, unable to discharge their cargoes in the latest sign that storage for the fuel is running out  ;D, traders said.

Several tankers with gasoline have also been diverted from the New York region to Florida and the U.S. Gulf Coast in recent days, a rare move that underscores oversupply in the pricing hub for the benchmark U.S. gasoline.

The excess in the midst of summer demand for the motor fuel casts a shadow of the profitability of refineries, and thus their demand for crude oil over the coming months.

U.S. gasoline refining margins <1RBc1-CLc1> dropped last week to their lowest since February at around $13.61 a barrel after gasoline inventories posted an unseasonably large build.

The builds were a result of higher output from U.S. refineries as well as an increase in imports, data from the U.S. Energy Department showed. At the same time, data suggested lower U.S. consumption than previously indicated;D


The 74,000 tonne tanker Emerald Shiner, carrying a cargo of alkylite from the west coast of India has been anchored off the New York Coast since June 28, according to Reuters shipping data and traders.

The 37,000 tonne Energy Progress, with a cargo of reformate from Turkey, has similarly been waiting outside New York since June 28.

Furthermore, at least three cargoes of gasoline from Europe, which heavily relies on exports to the U.S. East Coast, have been diverted in recent days from New York Harbor to Florida and the U.S. Gulf Coast, ship tracking showed.

Those include the tankers Energy Patriot, Seasalvia and Ance.

Quote
“Tanks are full to the brim in New York Harbor,” a trader said.

Global gasoline stocks have risen steadily in recent months as refiners ran at full steam on expectations of strong demand this summer, particularly in the United States and Asia.

With dropping profits from producing gasoline, refiners are increasingly shifting to making diesel and jet fuel. (Editing by William Hardy)

(c) Copyright Thomson Reuters 2016.

https://gcaptain.com/gasoline-tankers-parked-off-new-york/
Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 31421
  • Location: Colchester, Vermont
    • Renwable Revolution
 

DENIER ROUNDUP July 5, 2016

Quote
Fossil Fuel Industry in Denial on Divestment


From Brexit’s impact on stocks to the Koch brothers’ campaign expenditures, money is, as usual, a hot topic. Who’s spending how much on what can give important insights into their priorities.

 One such example is the divest/invest movement, which advocates for institutional investors like pension funds or universities to sell their holdings in fossil fuel companies and instead invest in clean alternatives. For the first few years, as the campaign found few wins and rarely reached past college campuses, the industry largely ignored them.

But a new story in ClimateWire suggests that the recent successes (U Maryland just last week) have the fossil fuel industry worried.   

Chloe Maximin of Divest Harvard likens it to the stages of grief, with the industry first in denial about the potential success of the campaign, then anger, and now bargaining.  ;D

Organizing panels, writing op-eds, commissioning multiple surveys and setting up the website DivestmentFacts.com   , the fossil fuel industry seems to be taking the divestment campaign pretty seriously. And for good reason, as the list of divesting institutions has grown to encompass a total value of  $3.4 trillion dollars and numerous high-profile divesters.

The main repository of industry pushback is DivestmentFacts.com, which endeavors to “educate” the public about the facts of divestment...as told by the Independent Petroleum Association of America   .

Given that their similar project to defend fracking, Energy in Depth, is not only funded by Big Oil, but also guilty of relying on shoddy pseudo-science, it’s unlikely anyone legitimate will take its claims seriously. But the fact that they’ve gone to the trouble of setting up a website demonstrates that they’re growing increasingly worried by the movement’s successes.

And there are good reasons for those divestment wins that have nothing at all to do with the environment. On a purely economic level, divestment makes sense, from avoiding future stranded assets and presently-bankrupt coal companies, to simple metrics of market performance.

For example, a 2015 analysis found that those who divested from fossil fuels in 2010 would be outperforming those still invested in 2015. A 2016 analysis found that New York’s pension system would have had an additional $5.3 billion had it divested in 2012, translating to $4,500 for each pensioner.

Funny enough, neither of those two facts appear anywhere on DivestmentFacts.com. Perhaps they haven’t moved out of the denial stage after all, and have instead opted to divest from facts altogether.


Agelbert Note: It's not that the fossil fuelers divest from facts altogether; it's that they cherry pick the ones that suit them and discard the ones that expose their profit over people and planet "business model" as a fraud.

 


 
Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 31421
  • Location: Colchester, Vermont
    • Renwable Revolution

Oil Industry Losing the Burn of Asian Demand  ;D

July 7, 2016 by Reuters

ReutersBy Henning Gloystein, Jane Chung and Osamu Tsukimori

SINGAPORE/SEOUL/TOKYO, July 7 (Reuters) – After half a year of strong oil price rises, Asian crude demand is slowing and by some measures falling, and many market participants suspect it is not just a cyclical phenomenon, but also a product of more permanent structural changes.

With years of annual economic growth of 7-10 percent in China and similar recent figures from India, Asia-Pacific has overtaken the Americas to become the world’s biggest oil consuming region, accounting for almost 40 percent of global demand.

But an industry that has come to rely on Asia’s booming thirst for oil could soon be scratching around for growth.

Thomson Reuters Eikon data shows that Asian crude oil tanker imports have fallen, albeit from record levels, for four straight months and by 12 percent since March to around 82 million tonnes (20 million barrels per day), slightly below last year’s levels.

Much of the surprise decline is explained by conditions in China, the region’s biggest consumer, accounting for 27 percent of Asia-Pacific demand and 13 percent of global demand.

With its long-term growth outlook now camped perhaps permanently below 7 percent, most analysts expect vehicle sales in China will slow accordingly.

They have already slipped to 2.1 million at the end of May, down from a peak of almost 2.8 million in December 2015.

Refiners  across Asia said that was starting to hit their business.

“Asian oil demand growth is slowing down. China, Asia’s largest market, is experiencing sluggish demand,” said a South Korean refiner.

As domestic refiners sell off surplus fuel, China’s exports of diesel and gasoline, the main refined fuels for industrial and passenger vehicles, have both soared.

“Asia refiners have already started to pull back … and there are reports of (oil) cargoes struggling to sell,” said Adam Longson of Morgan Stanley this week in a note to clients, adding that demand in the third quarter could fall further.

Ship brokers say traders   have started chartering supertankers to store supplies that consumers can’t absorb.
Quote

One key pillar of recent demand is never coming back.     Analysts think China has nearly finished building its strategic petroleum reserves (SPR).

Oil analysts at JPMorgan estimated in a note to clients last week that the SPR was now at 400 million barrels, which they believed was close to capacity.

“Our model suggests a 15 percent month-on-month decline  ;D in China’s crude oil net imports in September, or a loss of 1.2 million barrels versus August and 0.8 million barrels less from the 12-month average,” they said.   

EFFICIENCY SAVINGS

Structural changes in demand are not limited to China.
For Asia’s most developed oil markets, Japan and South Korea, analysts say long-term demand will steadily fall.

Japan’s oil consumption, once 6 million barrels per day (bpd) and 10 percent of global demand, has fallen to not much more than 3.5 million bpd, or under 5 percent of world consumption. It will fall further as government consolidates its refiners.

“There are various factors. Nuclear power generation has restarted, pushing down energy demand. When nuclear plants shut down (after the 2011 Fukushima disaster), Japan imported lots of crude. Other factors include shrinking population, saturated status of automobiles and efficiency improvement,” said Kaname Gokon, strategist at brokerage Okato Shoji.

The situation is similar in South Korea.


“Korea’s oil demand is at a standstill, and demand is expected to decrease because of greenhouse gas emissions policy and alternative fuel. On top of that, if a growing number of people switch to use electric cars, oil demand is bound to fall,” said Moon Young-seok, senior researcher at state-run Korea Energy Economics Institute.

Even in India, the industry’s big hope to compensate for slower demand in China, demand for new cars is tepid.

While Indian motorbike sales remain strong, the number of new cars sold has fallen below 215,000 per month, down from almost 260,000 in October and well below the monthly record of just over 300,000 more than four years ago.

While industry doesn’t expect Asian oil demand to decline outright, they say the growth seen over the past decade may never be revisited.

The fuel economy standards of new cars, which stagnated below 30 miles per gallon (mpg) between 1980 and 2010 , have improved to around 40 mpg now and are expected to rise to mid-50 mpg by the early 2020s, according to industry estimates. That’s without considering the rise of hybrid or pure electric vehicles.

“Energy efficiency will play a huge role in slowing the growth in global demand
, as energy use per unit of economic output is likely to fall by 40 percent (between 2014 and 2040),” U.S. oil giant ExxonMobil says in its 2016 outlook.

(Additional reporting by Aizhu Chen in BEIJING; Editing by Will Waterman)

(c) Copyright Thomson Reuters 2016.

https://gcaptain.com/oil-industry-losing-the-burn-of-asian-demand/

Quote
"Hitting peak oil will come faster than any of us think. But don't blame dwindling supply — it's all about disappearing demand" Amory Lovins

For those, like Palloy and Mking, who "concluded" (about two months ago  8)) that oil prices were going up, based on the totally objective stats and projections of crude oil supply and demand from those storehouses of integrity and accurate predictions  ...

... known as the EIA and the IEA, dinner is served.









Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

 

+-Recent Topics

Apocalyptic Humor by AGelbert
December 14, 2019, 06:22:16 pm

Comic Relief by AGelbert
December 14, 2019, 06:21:02 pm

Resisting Brainwashing Propaganda by AGelbert
December 14, 2019, 06:14:30 pm

🦕🦖 Hydrocarbon 🐍 Hellspawn Mens Rea Actus Reus modus operandi by AGelbert
December 14, 2019, 06:02:36 pm

Wild Cats can be Small as well as Large by AGelbert
December 14, 2019, 04:38:56 pm

1984 by George Orwell: Crash Course Literature 401 by AGelbert
December 14, 2019, 03:41:30 pm

The Wisdom of the Books of the Bible by AGelbert
December 14, 2019, 01:24:47 pm

🌟 IMPEACHMENT SCORE 🌠 by AGelbert
December 14, 2019, 12:57:20 pm

Doomstead Diner Daily by AGelbert
December 14, 2019, 12:07:21 pm

Creeping Police State by Surly1
December 14, 2019, 06:55:14 am