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The Shale Bust Arrives: November Permits For New Shale Wells Tumble 15%
With a third of S&P 500 capital expenditure due from the imploding energy sector (and with over 20% of the high-yield market dominated by these names), paying attention to any inflection point in the US oil-producers is critical as they have been gung-ho "unequivocally good" expanders even as oil prices fell. However, as Reuters reports, new data suggests that the much-anticipated slowdown in shale country may have finally arrived - permits for new wells dropped 15% across 12 major shale formations last month, as one analysts warns, "the first domino is the price, which causes other dominos to fall."
Permits for new wells dropped 15 percent across 12 major shale formations last month, according to exclusive information provided to Reuters by DrillingInfo, an industry data firm, offering the first sign of a slowdown in a drilling frenzy that has seen permits double since last November.
...
"Currently, the market is focused on U.S. shale as the place where spending and production must be curtailed," Roger Read, a Wells Fargo analyst, said in a note Friday. "There is little doubt, in our view, that lower oil and gas prices will result in lower spending and lower shale production in 2015 to 2017."
A cutback of U.S. production could play into the hands of Saudi Arabia, which has suggested over the past few months that it is comfortable with much lower oil prices.
...
"The first domino is the price, which causes other dominos to fall," said Karr Ingham, an economist who compiles the Texas PetroIndex, an annual analysis of the state's energy economy. One of the first tiles to drop: the number of permits issued, Ingham said.
...
The permitting slowdown was particularly pronounced in two Texas formations, the Permian Basin and Eagle Ford shale, which saw new permits decline by 13 and 22 percent respectively.
* * *
Interesting that Eagle Ford - despite its lower costs - is seeing the largest decline in permitting
* * *
Of course, this should all be ignored because - like the NRF's reporting of a double-digit decline in Black Friday sales - it would break the narrative for the US economic recovery...
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Of course New York fucked it all up and is still contemplating whether to allow shale drilling. A day late and about a gabzillion bucks short.
pods
RE 15% drop in Nov. Shale permits: that didn't take long.
The "Shale Fail".
Keystone pipeline political issue is now moot
Speaking of energy... Our “exceptional” invention, the Rolling Blackout, has been successfully exported to Ukraine. Today, Ukraine has started Rolling Blackouts. The country which just last year was the No.3 coal producer in Europe has ran out of coal.
And winter hasn’t begun yet!
Looney
Permits always slow going into the winter.
Coming soon...
The Federal Reserve printing money to add to the U.S. Strategic Petroleum Reserve.
Obama; "we are taking advantage of this temporary surplus in the oil markets to secure our nations energy future. We will begin adding to the SPR. Get to work Mrs Chairman."
Que QEOil..
"Critics of US shale may have misunderstood its economics." Drilling in some areas still profitable down to sub $30 level.
http://www.telegraph.co.uk/finance/oilprices/11263851/Saudis-risk-playin...
Who will cry uncle first? Arabs, Russia or US? At least Venezuela is roadkill.
Bollocks ! (your friends from "The Telegraph" know what it means...)
"Shale Fail' has not yet arrived.
Shale is doing so well that one company's stock is down 84% since June 2014, GDP, and second is 82% down being EOX......
Thus far 1 oil bunker company in Denmark has gone bust, one hedge fund has gone bust in US and BankAm/Wells Fargo have lost USD 850m....so until now everything related to oil troubles is in US or Europe......while the stupid media and the stupid advisors on big websites keep telling that the problems will arise in Iran, Venezuela, Russia etc....Can anyone even remember when the last bankruptcy happened in Iran, Russia or Venezuela?
This whole price collapse will collapse the US shale system.
Over USD 1 trillion has been lost in market cap of oil companies just in US and EU in a few months...
Stay tuned for more bankruptcies to come in EU/US.
Last time we found that Madoff was in US, Lehman was in US and Merrill and Bear Stearns were in the US, when the last oil rout occured in 2008, let us see where they will find new bankruptcies and new IPO crooks!
I am willing to bet the bankruptcies will be in US and EU and not in Iran or Venezuela or Russia! :)
Damn Yankees! What good are they?
OIL
will drop to 40
news:
http://tersee.com/#!q=oil&t=text
Oil drops to 40
Will gas at the pump drop to $1.50/gal like in the good old days?
US/EU ...or
Saudi, Iran, Venezuela, Russia, Nigeria, UAE, Iraq.....
PLEASE VOTE: Where will oil price decline related bankruptcies be?
Good for New York! Fuck you polluters! Maybe the shale guys can pump raw sewage into aquifers to make it through the tough times. Wouldn't want them to lose that feeling of sickening innocent kids and ruining pristine forests.
Let me guess. You're writing this from your solar/wind powered home constructed out of 100% recycled materials and have not ever used a car or any materials made of plastic. You whiny hypocrits are a joke.
"We’re so self-important. So arrogant. Everybody’s going to save something now. Save the trees, save the bees, save the whales, save the snails. And the supreme arrogance? Save the planet! Are these people kidding? Save the planet? We don’t even know how to take care of ourselves; we haven’t learned how to care for one another. We’re gonna save the fuckin’ planet? And, by the way, there’s nothing wrong with the planet in the first place. The planet is fine. The people are fucked! Compared with the people, the planet is doin’ great. It’s been here over four billion years The planet isn’t goin’ anywhere, folks. We are! We’re goin’ away. Pack your shit, we’re goin’ away. And we won’t leave much of a trace. Thank God for that. Nothing left. Maybe a little Styrofoam. The planet will be here, and we’ll be gone. Another failed mutation, another closed-end biological mistake." George Carlin
can you buy gasoline with welfare programs?
Jew York has the Wall Street cartel, they are doing just fine.
Was just in Upstate this passed week, and lemme tell you, that place is dying. Great place to be from, but damn if you could earn a living there.
Never saw so many broken people walking around.
JYC will be fine until the gravy stops, but that is worlds away from the rest of the state.
pods
I agree. It's a steaming turd pile up there and getting worse. But is this how far we have fallen? These people must choose between crushing gloom and poverty or crushing pollution and sickness. Not very exceptional...
Well I don't think they have to. It is not like Upstate has been immune to pollution (trust me on that one, dated a girl from NYPIRG in college).
They certainly can drill and do it with enough precautions to make it as safe as possible (nothing is 100% I freely admit). I think NY is doubly scared, as they have a lot of people downstate who think electricity comes from switches and enough FRNs flowing through that if NY opened up actual production of something, inflation would skyrocket.
That is why they pay a McDonalds worker $20 an hour in ND.
But upstate is basically alive by gov cheddar and money velocity.
And this is an area that frigging gave birth to IBM for cripes sake!
pods
I grew up in buffalo. You speak the truth
I lived in Rome, NY. Left in 99. You speak the truth!
I got super duper high for 3 days in Rome 99'!
I'm not sure if New York fucked up. You have to consider the watershed up north and how it feeds one of the world's greatest economic and financial centers down south. The gain from fracking in the watershed, may not pay for the possible down side to any problems with fresh water for a giant source of economic growth. Pay attention to what happens to any place in the world when fresh water becomes a problem, it is not a pretty picture.
By putting off highly expensive fracking, New York may have done the right thing. My point? North Dakota is fine, but fracking a watershed feeding one of earth's great population and economic centers. The risk is a very stupid one. The profits are a tiny little drop of nothing compared to any downside to water resources.
I think any economic study of water versus frack profits in Upstate New York would lean to my point of view.
Very true. The water out in the Permian where the Wolfcamp is can't even be used for drinking and is barely suitable for livestock. No water to pollute there but I think it's not so true for ND because there are a lot of farms there. The disposal is the biggest issue, not the casings on the wells.
I agree
Well time will tell, but lights certainly don't come on by themselves.
And take away the FRN, and NYC will become the cesspool that it was not too long ago. That city lives and dies with funny credit money. Once that ends, all bets are off.
pods
I am a "Risk versus Reward" type. If fracking in Upstate would return way more than it risks, then fine. You just can't compare a little fracking profit in Upstate New York, with any potential threat to water for of millions of people in a world class economic and financial center. No, lights do not come on by themselves. Is there a natual gas shortage I don't know about? Or coal shortage? Nope, no power plant worker I know, and I know several, tells me fuel is a problem. Even nuclear operators are upset about the mass of cheap fossile fuels out there. They want to see new nuclear plants, but complain cheap gas and plentyful cheap coal will kill that dream.
In the end, after the QE-fueled dirty oil bonanza, America the Beautiful will have been raped beyond recognition for five years of diminishing profits.
People fucking around with their drinking water for a couple of bucks don't deserve any better.
I would have thought that putting off the pollution of water supplies would always be the right thing, indefinitely! I'll have a fiver on the fact that the Bushes won't be fracking their Paraguayan aquifers anytime soon.
Don't need to drill new wells if the current ones are producing.
Big news out of Russia:
Goodbye Bulgaria (how's John McCain working out for you? Should never have let him in the country!) -http://rt.com/business/210483-putin-russia-gas-turkey/
Hello Turkey - http://rt.com/news/210511-russia-turkey-gas-pipeline/
Good move by Vlad - fuck the EU! If Russian gas is not wanted they sell it elsewhere, it's that simple really since as long as Russia has gas to sell there will be others who are interested. Stupid Bulgaria just lost $400 mln in transit payments...
A real shame for Bulgaria whichever way you cut it. Bulgarians are good people its a shame their politicians are so corrupt.
I like the way Vlad just rolls on cutting deals........
Best news ever for me! Im Bulgarian and I cannot stand those EU ass kissing government of Bulgaria! I don't live in the place, it's horrible, let them freeze! Im sure the EU will come to their help.
Yeah, McCain and Nuland are the people to be trusted..... the EU got outplayed by Russia yet again. They presented the Russians with 2 options: play by the ever changing EU rules whereby the Russians would build the expensive infrastructure which can later on be used for Azeri gas.... no thanks... second reason they were blocking this project was the instructions from the US via the Biden group who need to keep the transit of Russian gas through Ukraine to maintain the pipe network because without Russian gas that network is basically scrap metal... and now Putin signs a direct deal with Turkey to supply the same amount of gas... leaving EU an option to buy some "cheap" US gas from McCain and I'm pretty sure not much gas will be passing through Ukraine pretty soon, LMAO. What a bunch of idiots are in charge in the EU...
This kind of front-running makes the whole Qatar-Syria-Turkey pipeline a moot point, it seems.
Plus Russia and Turkey both like to trade in Gold. Next... we'll see either direct Gold for Oil/Gas, or indirectly via Dollars, i.e. convert USDs to Gold (use USDs are transient intermediary, if need be on a tactical basis).
layoffs and BKs to come
Happy New Year!
The tar sands and shale go off-line for a while and just wait for the price to go substally higher.
Looks like the bankster trying to punish Russia will punish the west instead. Unintended consequences.
Oil surplus (House of Saud + US Shale) with 100 million Merican's sitting home = Phail.
Don't need no gas when I ain't gotz no jobs.
Big deal, permits only last 30 days and you can always re-apply and get one quickly.
The bigger deal in all these shale areas is development of infrastructure. The roads out to the shale in Culberson and Reeves counties are two lane highways rutted up by large trucks going back and forth 24/7. The wells don't stop pumping and the trucks have to haul off both water and oil. There is going to be a natural limit on production for infratstructure to catch up. This is just another thing the idiots in OPEC don't understand, it's not like the environment they are in. They would be best served by silently cutting production and getting the price back up to where everyone makes money. I bet they figure that out pretty quick, I don't think they are that stupid.
More pipelines need to be completed in ND and in the Permian. The Eagleford just had a new 300kbbl/day pipeline to CC brought on a couple of months ago. Permian has one coming on in January. The lines in the fields also need to be built but in Texas we do gas lines first because of the no flaring regulations.
Uh, the sauds make money at $5 bbl, though I'm not sure how many maseratis they would still be buying or how many more princes would be on the dole at that price. And the headline is BS. Just a normal market correction to a overhyped/over hypothecated situation.
Bust, my ass.
No one wants a 33% cut in their income which is what they have suffered since July. Doesn't make a bit of difference if they make money at $5. There is a big difference between selling 9m bbl/day at $105 and $70. It's $315m which pays the army and the police as well as provides social payments to non-working religious malcontents to keep them quiet. They have lot's of uses for the money besides maseratti's but I don't think they like them because they are slow. I see a lot of guys from Dubai and Quatar buying the 991tts and talking about them at 6speedonline.
Hey, wrs1, glad to see you still posting accurate, relevant, common sense observations here. Just got weary of the non-stop distortions when ZH posts shale articles.
Infrastructure ... sure. The Mighty Marcellus currently has over a years' worth of completed wells (2,000) standing by to immediately produce as the nearly finished pipelines are operational. The 16 billion cu.ft/day current output will surge several billion more.
Innovation as well as infrastructure continues to play a huge role in these matters. Two recent data points out of ND display this ...
Marathon just announced first month's production of its' re-fracking of a 6 year old well. Production increased TENFOLD from 1,100bls/month to 11,000.
Whiting had two wells set records for most frac'd stages , (94 and 104) as well as production (over 7,100 and 7,800boepd) a few weeks back. The first month's production for thes two and a third one on the same pad totalled 44k, 55k, and 60k for the month. Absolutely stunning amounts. Of far greater significance, however, is the fact that these wells were fractured with a relatively new, revolutionary process that is apt to be adopted in some form in all the shales in the future. Furthermore, the pad that these wells are on may host 20 or more similar wells in the future as the 600/700 spacing between laterals is proving viable. Final note ... these three wells came from three separate benches/intervals in the formation, one Bakken, two Three Forks.
High volume, high velocity, high pressure slick water fracs seem to be working better than high viscosity gel fracs out in the Wolfcamp. Production is much higher with these fracs. IP on my well was 943 bbl/oil and 4150 mcf gas on a 24 hour basis. Haliburton did the frac. Here is a youtube of the pumps, it's amazing.
https://www.youtube.com/watch?v=Omol_32KVs8
ETA:
Downgraded for this post? Gee, give me a break. Watch the video, it's amazing.
You forgot to talk about the "money" side of business. Which tells me that you are clueless in what matters most. ALL these development required (and still require) exceptional amounts of capital in order to get off the ground. That capital was borrowed or invested, which means it has to be both paid back with interest (even if the interest is low, it's still non-zero), and it has to generate profit for those investors. Everybody ignores the obvious: all those "development" money HAVE to be paid back. It wasn't happening too well at oil over 100 and it's going to happen even worse at oil at 60. THAT's why this industry is so fucked up... It's not about technology, or output, it's about cashflow. And that one really sucks right now... Shale oil ROI is really pitiful when compared to Saudi ROI, especially when oil price falls. Those Saudis are not as stupid as the Americans would like them to be. Make no mistake, this is a direct attack against America's re-emerging oil industry, and has very little to do with Russia (which is ready to sell it's oil in any currency it feels right about , AND can default on its USD nominated debt any time it desires, as it did before...)
I can't imagine why you would expect I don't understand the money side just because I didn't post about it. I own three sections in West Texas with six oil wells on them and 8 more coming in the next year from XOM. I just got one completed in Culberson county that IP'd at 943 bbl oil and 4150 mcf gas in a 24 hr period. I am continually negotiating oil leases as I own minerals all over Texas and have had oil in my family since before I was born. It's my main business now but I spent my professional career until 2009 in high tech. You may not have seen the other post I made about two wells on adjacent tracts to two of my sections out in West Texas. Those wells paid off in six months last year and one made $15m in the last year while the other made $10m. They are both cash flowing between $500k and $1m/mo right now. That's free money now. Pretty damn good ROI but I can post about the facts until my fingers are nubs and there will always be more people who think they know something because they read some articles on the internet.
Here ya go, this is how you get money out of a hole in the ground.
pumping sand down a hole in the ground
https://www.youtube.com/watch?v=Omol_32KVs8
What comes up after pumping sand down a hole
https://www.youtube.com/watch?v=qHN9lNRnoPM
what you buy with money from a hole in the ground
https://www.youtube.com/watch?v=ak08rF6mhLU
Cherry picking your "facts" doesn't mean you have an argument. You say nothing about your initial investment, or about your ongoing expenses (as in "cost"), or about the rate of investment depreciation. Mind you, last year the price of oil was a bit different...I wish you luck, but I'm curious if, a year from now, you'll still sing the same song....
Here try this but you have already seen this and didn't understand it before, why am I talking to you? WOB
http://www.zerohedge.com/news/2014-11-28/price-oil-exposes-true-state-ec...
Is this a surprise? For eons there has been less mining activity when price goes down and more when price goes up. Regardless of how price may be manipulated, producers can still respond to the manipulated price.
What I find more interesting than oil shale production and the decrease in permits (why exactly should anyone need a permit anyway? That is giving power to a government that us has not earned and does not deserve ... oh, right, they have a monopoly on violence) is that is that gold miners were closing when gold price was at its peak. This is unusual. It implies a massive excess of supply.
...first sign of a slowdown in a drilling frenzy that has seen permits double since last November.
Notice the headline didn't read: NOVEMBER PERMITS UP 84% FROM LAST YEAR!
WHAT A CROCK.
The market will go up and it will go down. Sentiment will always let you know what to do!!
I will stick with Woody Dorsey-he isn't a trader and I know when to be long or short the markets-with a great amount of certainty.
Just trade the big moves-forget about the bigger picture--it will come one day, when these markets sort themselves out.
His last 2 calls-well you take a look and decide. Many of the largest institutions in the world rely on him. Good luck-and I strongly recommend you add him to your list of people to follow.
http://www.sentimenttiming.com...
Those shocked by the results of changes of supply and demand need to head back to school and learn a few basics about how real markets work.
This is what is supposed to occur, as opposed to Fed intervention.
...head back to school and learn a few basics about how real markets work.
OMG! LOLOLOLOLOL!!!
yeah......its what i thought too buzz. he he heeeee
Thanks. I watch finance.yahoo headlines like this:
We are likely witnessing the painful, undignified death of the commodity investment “supercycle.”...
Gold, Oil, etc., all up +3% since that was posted.
Welcome to the oil patch where this game has been played for decades. The house of Saud can play for awhile but unlike when this newest boom started and there were very few directional rigs and the leases were in unknown quanity and quality, we now have plenty of up to date rigs and we know what's under the ground This batch of wildcatters will be replaced by more of the same The question now is can the Saudi's keep the price suppressed for a decade plus like the 80's.
This is a move of desperation by the Saudis. They wouldn't drop prices if their survival didn't depend on it. Fracking, however, is here to stay and will outlast the Sauds this time around. We are the most technologically savvy drillers in the world, always have been. In 10 years, the Sauds will be gone.
Might be a bit of hyperbole but I like the sentiment.
3D seismic imaging and fracking are disruptive technologies and the US is the provider of those with a huge head start. Of course it will reduce prices but also costs over time. Saudi costs have to include its costs of socialism just as ours include a dozen e&e taxes and lease royalties and when that is considered the saudi costs are well over $100 per barrel. Hence the desperation move and inevitable decline in marginal impact of OPEC.
This is the USAs big GDP generator for the last 6 years....take this away..and the USA tanks again....its not the Iphone keeping the USA going...its the roughnecks and all the support for all this drilling...they are the ones buying the trucks..the steel...the sands....the housing....the hookers...and good and fast money for those willing to do it...and now its going to slow and maybe stop...just watch the economy tumble
It'll be interesting to see what Saint Barack does since this will fuck with his golf game....
I didn't know hookers got W-2s :)
The economy never stumbled out the bar. GDP can be easily be fixed with more investments coming from way of easy monetary policy. Government debt for all citizens and problem fixed. Yellen has the printing press lubed in Europe.
paper games
when are they going to burn Wall Street down?
The Keystone Cartel is getting what they deserve. Lol.
Me, in Midland Texas 1982@18yrs old making $70000 in 1982 dollars, Drilling BIG wells and Hitting big Permian Basin oil pools instead of trying to frack some rocks and get the drippings. North Sea oil hit and a year later you could drive to Midland and all the buildings were boarded up and tumbleweeds rolling through the town. Some School teachers had 7 kids in a class.
So don't tell me about an oilboom. I had a first hand education of a bust. Lost 3 years of my life had to temporarily move to the East Coast to find a job. Poured cement in the 2 of the coldest east coast winters on record. The Potomoc river froze solid. Then the IRS came after me after the jobs were gone. It affected me for the next 10 years. NEVER AGAIN I got an oilfield education at a tender age.
The IRS...God, I hate those people!
You know, you CAN win against them, and you don't need a lawyer. If you are in the right, you must be PERSISTANT. And you must learn their language, and understand the regulations.
I will forever treasure my own victory against them years ago. No, Mr. Taxman, I was NOT an 'independent contractor', I was an EMPLOYEE. So I didn't owe you SQUAT, your battle was with the dirtbag I was working for. You didn't know I knew all those regulations though, did you? Kinda surprised you when I matched you argument for argument, using your own words and phraseology, huh?
After 6 months, they finally gave up. Sent me a letter saying basically, You win. Please leave us alone now, stop calling, sending documents, etc...We have resolved this issue in your favor...
Damn RIGHT they did!
Spread your capitalist, glutenous, and errouneous ways else where diddy. You have no clue how blessed you are until you step off your high horse. If I didn't know any better and had a Boston attitude, you would have three words coming your way. Provide insight.
So, will we continue to hear about how Keystone is the answer to all of our problems now? Will they even WANT to invest in that at these prices?
So, what now?
And what about all the investment that has gone on so far? I imagine the returns are not panning out the way they were supposed to...and there's no real growth coming anywhere in the world right now, so that demand isn't going to rise anytime soon.
It will take awhile to work through the inventory already out of the ground. But if demand stays low, many of those wells will undoubtedly close up shop, leading to shortages...
Even WITH shortages, how high can prices recover in the face of declining demand? Not that much, I'm thinking.
This is going to be a looooong process. Oil is so important to global finance that any upheavals are bound to infect the entire market. This massive deflation in oil is going to have repercussions for decades to come, and cause huge realignments in the global economy.
Keystone will be useful later, right now it's a wash....
Keystone, maybe, but more than likely you will hear Canadian gas wells on the rise, right now.
Careful with your headlines ZH. You tend to exaggerate these days. 15% is hardly a tumble
Maybe, but all the leases that frackers now have in hand, i.e. have paid for, all have drill clauses. The lease owner has only so long to drill a well before the lease become invalid or they pay penalties. People who sold leases wanted oil revenues, that means their lawyers put heavy drill clauses into them. Some, not all, frackers are going to have to chose between drilling unprofitable wells, or losing their asses on the lease agreements.
What may be happening in this "war on oil prices" is an attempt by major producers like Saudi to smash the dream of US oil indpendence and the fracking miracle. Russia is losing revenues, but remains mostly silent and passive, they see the down side to present revenues, but they also see long term up side to a collapse in US frackers and in all forms of expensive exploration, test drilling and high cost production sources.
Question. Are some oil producing majors taking short term pain for the long term crushing of the Fracking dream, the Tar sands century. I have heard nothing coming out of Canada, a nations whose Prime Minister all but declared the 21st century the Age of Tar Sands Oil, and Canada's rise to the peak of oil producers. All the laws and tax rules, the dropping of most water regulations, Canada traded much for the highest cost of production oil known today, Tar in Sand. The big Oil Producers are taking out the high cost producers, that is Tar and Fracking for a start.
This oil price collapse is highly complex, the shock waves will be felt all over, AND, IF, the price drop really reflects a demand side drop, THEN, that proves the world economy is in the Shitter, and all the media lies of recovery and growth are just that, bald faced lies.
Follow this story! Going forward it is critical to how the real economy really is, not how the media can hype the economy, but how much energy the economy needs, based on growth or lack there of.
Well I doubt Russia will shut off the gas to Europe this winter...Putin needs all the income he can get right now...but this collapse will Drop our GDP big too....Warren Buffet does not need to buy a bunch more oil tank cars for his toy railroad now...and Keystone is on hold for now at these prices...big slowdowns coming in the only business that was holding us up...
I agree. This hurts the USA much more than most will admit. We are, after all, engaged in large fracking operations and all associated business around this new industry. Much market damage is coming. Especially for all those "Junk Bond" holders, a nice % of Junk Bond market is Fracking Debt.
Ungawa Tar(zan)ds
The Cleanest And The Most Polluted Cities In The WorldThe Blacksmith Institute in collaboration with Green Cross Switzerland recently evaluated the most dangerous pollution problems we face today. As a result, they put together this top ten list of the most deadliest factors we face:
1. Groundwater Contamination
2. Industrial Mining Activities 3. Metals Smelters and Processing 4. Radioactive Waste and Uranium Mines 5. Untreated Sewage 6. Urban Air Quality 7. Used Lead Acid Battery Recycling 8. Contaminated Surface Water 9. Indoor Air Pollution 10. Artisanal Gold Mining
It is truly troubling to realize that many people have built their homes nearby these major pollutants. The World Health Organizationhas released numerous reports stating that life expectancy is still below the age of 40 in many countries. Yet there are 16 countries where the citizens can expect to live past 80 years old. Although contributing factors include war and civil strife, one of the biggest factors is disease. Many countries still lack proper sanitation and trash removal, leaving its hungry citizens to dig through polluted waste to find food. The contrast between developing nations and developed nations is far reaching, even though developed countries like the United States are major polluters. Overall there are many factors that contribute to the cleanliness and health of a city. Allow this pictorial list to display the devastating differences between the cities that have put a system in place to deal with pollution and waste and the cities that have relatively little pollution management in effect. Here is the top 10 most polluted cities in the world vs. the top 10 cleanest cities in the world:
The 10 most polluted cities in the world 1. Linfen, ChinaType of Pollution: Coal Source of Pollution:Industrial and Automotive Emissions Linfen, China is not only the most-polluted city in China, but also the world. It includes many coal mines. Although legal coal mines create a lot of pollution, it is the city’s illegal coal mines that do the most damage, since they do not follow anti-pollution regulations. The city’s air is constantly soiled with burning coal.
2. Tianying, ChinaType of Pollution: Lead and heavy metals Source of Pollution:Mining and Processing Tianying accounts for more than 50 percent of China’s total lead production. Because there are not many standards that regulate lead production in China, a lot of lead ends up in the city’s soil and water. Ultimately, the lead ends up in the bloodstream of children. Lead has been shown to decrease IQ in children.
3. Sukinda, IndiaType of Pollution: Hexavalent Chromium Source of Pollution:Chromite Mines Hexavalent Chromium is a carcinogenic type of steel used for leather tanning. In Sukinda, India, studies show that the drinking water includes more than double the international standard of Hexavalent Chromium. An Indian health group estimates that nearly 85 percent of deaths in mining areas are due to diseases that stem from chromium exposure.
4. Vapi, IndiaType of Pollution: Chemicals and metals Source of Pollution:Industrial estates Vapi, India might be higher on this list if it weren’t for its slow growth. The city’s groundwater has been found to contain mercury levels almost 100 times higher than the World Health Organization’s recommended amount. Heavy metals can be found in the city’s crops and air.
5. La Oroya, PeruType of Pollution: Sulfur dioxide, lead, copper, zinc Source of Pollution:Metal mining and processing La Oroya, Peru has the dubious distinction of being a city where 99 percent of children’s lead blood levels that are higher than the acceptable limits. According to the World Health Organization, the lead level is three times the acceptable limit. The lead is likely to stay in the soil for centuries to come.
6. Dzerzhinsk, RussiaType of Pollution: Chemicals and toxic byproducts, such as sarin and vx gas Source of Pollution:Chemical Weapon Manufacturing The Guinness Book of World Records named Dzerzhinsk, Russia as the most chemically polluted city in the world. Nearly 300,000 tons of chemical waste was improperly dumped here between 1930 and 1998. The city’s death rate exceeds its birth rate by 260 percent.
7. Norilsk, RussiaType of Pollution: Air pollution such as particulates and sulfur dioxide Source of Pollution: Nickel and Metal Mining and Processing Norilsk is the location of the world’s largest heavy metal smelting plant. More than four million tons of dangerous chemicals are released into the city’s atmosphere every year. It is difficult to find even a single living tree within 30 miles of the city.
8. Chernobyl, UkraineType of Pollution: Radiation Source of Pollution:Nuclear meltdown When the Chernobyl nuclear plant melted down in 1986, it sent 100 times more radiation into the air than the nuclear bombs that were dropped on Hiroshima and Nagasaki combined. The area is still contaminated and is expected to stay that way for thousands of years. The 20-mile area around Chernobyl remains uninhabitable.
9. Sumgayit, AzerbaijanType of Pollution: Organic chemicals, heavy metals and oil Source of Pollution:Industrial and petrochemical complexes When the factories in Sumgayit, Azerbaijan were still operational, they released upwards of 12,000 tons of harmful emissions – like mercury – each year. Even though the majority of the factories have closed their doors, the pollution is still there. There is no work to speak of being done to clean up the area.
10. Kabwe, ZambiaType of Pollution: Cadmium and lead Source of Pollution:Lead processing and mining High levels of lead were first discovered in Kabwe, Zambia in 1902, but little has been done to protect citizens since the discovery. Zambian children average between five and ten times more lead concentration in their blood than what the U.S. Environmental Protection Agency allows. Approximately $40 million from the World Bank has been allocated to aid in a clean-up project in this area.
The top 10 cleanest cities in the world 1. Calgary, CanadaCalgary, Canada is considered to be the world’s cleanest city. Even though there is a large oil and gas industry in the area, the city features a well-planned out, grid-like structure that reduces traffic congestion. It also features light rail transportation, and transfer stations that sort through garbage and take out biodegradable and recyclable materials.
2. Honolulu, U.S.A.Honolulu, Hawaii is the highest-ranking city in the United States found on this list. Honolulu has a light manufacturing industry. The American Public Transportation Associationhas highlighted Honolulu for its transit system, which includes dedicated bus lanes. By promoting bus travel, Honolulu has been able to reduce traffic and exhausts fumes.
3. Helsinki, FinlandAlthough Helsinki is a fairly large city with more than 500,000 inhabitants, it has the feel of a much smaller city thanks to the fact that the light rail commuter system is so well used. Helsinki residents take pride in their city and do a lot on their own to make sure the city stays clean. The streets are wide, which makes them less prone to congestion and reduces fumes from cars.
4. Ottawa, CanadaIn addition to having a light rail system which reduces traffic, Ottawa also has other programs specifically designed to keep the city clean. For example, Ottowa sponsors a “Spring Cleaning the Capital” program each spring. Between April 15 and May 15 more than 60,000 volunteers come out to clean the city’s parks, roadways, green spaces, and sidewalks.
5. Minneapolis, U.S.A.Even though Minneapolis is the largest city in Minnesota, the city stays clean thanks to initiatives that have helped residents keep cleanliness a priority. One of the main things that has reduced the amount of the exhaust produced is the use of light rail systems. Additionally, the city promotes bike riding and has several bike riding lanes designated for bikers to use to commute to and from work.
6. Olso, NorwayOne of the reasons why Oslo is considered to be one of the cleanest cities in the world is because city developers have taken ingenuity and finding ways to be green. Starting in 2010, city officials will introduce buses that run on by the fuels taken from human waste. It is hoped that this initiative will ultimately provide enough energy for all of the city’s 400 buses.
7. Stockholm, SwedenIn addition to Stockholm having a renowned transportation system that reduces traffic and diesel fuels, the city also has very little heavy industry. This means that much of the city’s economic growth stems from work done that does not harm the environment. Likewise, Stockholm has the largest percentage of clean vehicles in Europe. About 5 percent of all vehicles in Stockholm are hybrids.
8. Zurich, SwitzerlandZurich, Switzerland is famous for its efficient and clean public transportation system. The city makes available trains, boats, buses, and streetcars. The variety of mass transit options helps reduce fuels released into the air.
9. Katsuyama, JapanKatsuyama, Japan is the smallest city included on this list, with a population of just less than 30,000. The city puts a lot of work into keeping the surroundings clean, because it relies on tourism for much of its income. The city sponsors several seasonal festivals which require cleanliness to be enjoyed; therefore the city’s businesses and government leaders put cleanliness high on the list of priorities.
10. Bern, SwitzerlandBern, Switzerland is the second Swiss city on this list. The city relies on its beauty to promote tourism. Because of this, city officials create initiatives to keep the city clean and presentable so that tourists continue to visit be impressed by the city’s cleanliness and return to visit again.
Oh yeah I forgot, Fukushima doesn't exist.
"Opec has misjudged the threat. As late as last year, it was dismissing US shale as a flash in the pan. Abdalla El-Badri, the group’s secretary-general, still insists that half of all US shale output is vulnerable below $85.
This is bravado. US producers have locked in higher prices through derivatives contracts. Noble Energy and Devon Energy have both hedged over three-quarters of their output for 2015.
Pioneer Natural Resources said it has options through 2016 covering two- thirds of its likely production. “We can produce down to $50 a barrel,” said Harold Hamm, from Continental Resources. The International Energy Agency said most of North Dakota’s vast Bakken field “remains profitable at or below $42 per barrel. The break-even price in McKenzie County, the most productive county in the state, is only $28 per barrel.”
Efficiency is improving and drillers are switching to lower-cost spots, confronting Opec with a moving target. “The (price) floor is falling and may not be nearly as firm as the Saudi view assumes,” said Citigroup.
Mr Morse says the “full cycle” cost for shale production is $70 to $80, but this includes the original land grab and infrastructure. “The remaining capex required to bring on an additional well is far lower, and could be as low as the high-$30s range,” he said.
Critics of US shale may have misunderstood its economics. There is a fast decline in output from new wells but this is offset by a “long-tail phase” for a growing number of legacy wells. The Bakken field has already reached 1.1m bpd, and this is expected to double again over the next five years"
Ambrose Evans-Pritchard
here you go NeoComm fools... this should help soothe the butthurt of getting outdone by a bunch of checkers players lol...
http://youtu.be/P-6CesO8YPs
Meanwhile Putin kills the Southstream project! RT http://rt.com/business/210483-putin-russia-gas-turkey/
Putin: Russia forced to withdraw from S. Stream project due to EU stanceWe believe that the stance of the European Commission was counterproductive. In fact, the European Commission not only provided no help in implementation of [the South Stream pipeline], but, as we see, obstacles were created to its implementation. Well, if Europe doesn’t want it implemented, it won’t be implemented,” the Russian president said.
According to Putin, the Russian gas “will be retargeted to other regions of the world, which will be achieved, among other things, through the promotion and accelerated implementation of projects involving liquefied natural gas.”
“We’ll be promoting other markets and Europe won’t receive those volumes, at least not from Russia. We believe that it doesn’t meet the economic interests of Europe and it harms our cooperation. But such is the choice of our European friends,” he said.
But also:
Gazprom to build new 63 bcm Black Sea pipeline to TurkeyThose pesky Rooskies have been having very high-level mtgs with Sully Arabia and now I know what they decided upon!
After each mtg the joint statement would proclaim how Russia is a vital partner to Sully Arabia....
Yep - Both parties determined that in the oil price game 'o' chikin', Sully and the Rooskies can keep production up and outlast the U.S. shale industry in a very bloody price war. Both parties want to see U.S. shale go bust, and they want it badly enough to suffer for it in the short term.
BOMB SULLY ARABIA AND THOSE DAMN DAMN DAMN!!!! ROOSKIES!!! THEY'RE RUINING EVERYTHING!
Betcha Sully Arabia exits the petrodollar deal with USA once shale goes bust! Betcha they talked it over with the Rooskies, too.
But, but, but... I thought the talking points said low oil prices were all a plot against Russia?
Are we blaming the weather, yet?