smith199
3 weeks ago
As we head into the new year, some notable developments occurred in 2024 that indicate global governments are finally waking up to the climate hustle. Readers here are encouraged to be watchful for similar indicators in 2025.
I refer to the International Scientific Conference of the Climate Intelligence Group (Clintel) held in Prague, Czech Republic during Nov 12-13.
Here it was revealed that “wind and solar are costly, intermittent, and more environmentally destructive than any other energy source”. Further, their conclusion was “Governments should cease to prioritize or subsidize them and should expand use of coal, gas, and nuclear”. I was certainly not expecting this development.
Additionally, the COP29 climate summit failed to approve the amount of funding requested, which reportedly left the attendees of the conference in chaos with climate groups claiming a “betrayal”….
So, at this level, where the renewable rhetoric rubber hits the rough reality road, the ‘Climate‘ plot thickens about who will actually pay, and for what, and when, and how much. You really gotta love it when they do not want to actually put the money where the mouth is. The level of commitment to the climate cause appears to be waning. And certainly this quite recent large GSPE share trade was in no way influenced by any of these global developments. Just “experts” playing around with each other. Right?
Are countries across the globe finally waking up to the fact that fossil fuels will indeed remain the name of the energy game for now and into the future?
It certainly seems much of the luster of alternative energy is beginning to appear quite dull since many of these projects are revealing the overt shortcomings and excessive costs of renewables.
Other questions also remain. Could it be that the expensive and unreliable renewable energy, produced with components creating wealth and jobs in other countries, will turn out to not be such a serious energy source in the USA for now, and will not be for at least another generation (if ever)?
Should we agree with the Billy Bob monologue that said if XOM thought these windmills were the answer, XOM would be putting them everywhere (with their logo prominently displayed)?
Is the only thing ‘green’ about renewable energy found in the pockets of the major investors?
I also predict that it will become even more apparent how totally uncompetitive renewable energy is in the consumer marketplace without substantial amounts of government tax incentives. This will likely result in the development of renewables confronting ever increasing levels of resistance. And many of these subsidies will ultimately be repurposed towards other, more critical needs in the next administration.
Since there are very distinct differences between the outgoing administration and the new one incoming, it is prudent to point out how highly improbable it is that there exists a realistic USA Energy Dominance scenario that excludes increasing GOM production.
I cannot emphasize the consequential significance of this statement strongly enough, so I ask readers to reflect on the new political focus in US energy, as I see it from the perspective of a GSPE shareholder.
The GOM lease auctions are pivotal in determining the future fate of Gulfslope Energy and our investments in the GSPE shares. As a result of a greater number of GOM auctions, comes compelling increases in the amount of seismic activity, and also the number of GOM drilling campaigns. Both events likely resulting in greater demand for the services offered by Gulfslope Energy, and perhaps providing a path to even more partnership opportunities….
And this is the essence of the significance of the GOM lease auctions. For the record, over 5 years, Joe wants only 3 lease auctions. DJT requested 15. And this was one of the main efforts Joe planned to use to stifle production in the GOM. It was obvious to most that the USA was never going to be able to maintain its competitive edge in world markets if following the leadership of the Joe administration.
The points being made here are only intended to assure that all readers are aware of the legitimate tactics that are being developed to overcome the obstacles the company faces. And we should keep an eye on them. This is the main message of this post.
The next thing we need on the agenda is for the company to file financials and get back in the SEC’s good graces. This appears to be the most imminent of the threats facing GSPE shareholders.
And although the GSPE shares do truly face serious challenges, my motto remains "DRILL, BABY, DRILL" because there does exist a critical and fundamental change in the USA energy dynamic.
One that reopens a familiar path for Gulfslope Energy, as I seem to recall that during the first DJT administration, the company was drilling in the GOM…. Is not the second time supposed to be the charm, lol?
Finally, as I remain optimistic over these recent changes in perception as pertains to energy and the creating of wealth in the USA, I am also seriously considering revising my message board alias to include Drill Babe!
Nov. 5 made a difference to the future potential for the GSPE shares possible. Thanks for your participation in that process.
MERRY CHRISTMAS and HAPPY NEW YEAR.
Mrs. Smith, aka Drill Babe
smith199
1 month ago
Anticipation. “We can never really know about the days to come. But we think about them anyway.”
In case you missed it in the recent remarks from our President-elect, the new goal is to create a path to “US Energy Dominance” achieved by “enhancing private sector investments across all sectors of the economy”. And I also remember from a class that a past president (JFK) said, “a rising tide floats all boats”.…. It is becoming clear that the next energy trend is indeed turning in our favor. To be ‘dominant’ in energy is to be committed to fossil fuels as the already proven, affordable, economical, and profitable number 1 energy source.
The ‘big money’ integrated oil companies will focus many millions on deepwater drilling projects while pursuing the vision of an energy independent USA. However, most investors will have more modest budgets and must concentrate on the shallower regions in the GOM. Of course, shallow water is the core space of the GulfSlope Energy expertise.
These recent comments from the President-elect are the most positive news for Gulfslope Energy investors in the last 4 years. In a master stroke it appears that he is bringing all the ‘Big Dogs’ to the DC table, and it is obvious he really plans to make America greater this time around.
Recall that Joe’s ‘current’ BOEM 5 year program (2025-2029) has only 3 GOM lease auctions scheduled. And the President-elect, at the end of his 1st term, called for 3 auctions a year over 5 years. So, 3 GOM auctions vs 15 GOM auctions….
Requests are already being made to the next administration and the 119th Congress for a “new Bureau of Ocean Energy Management (BOEM) five-year offshore leasing program” and much more. This is the new and welcome GOM focus.
So, evidently it is true, you do never really know about the days to come…. But nonetheless, I perceive these most recent developments as positive signs for the future.
The half-time show has ended and we are about to kick off the second half of this GOM energy age. All of us here already have good seats and plenty of popcorn. Waiting for the whistle to blow to begin the third period….
Link to API’s 5 Point Policy Roadmap, released 11/12/2024:
https://www.api.org/-/media/files/misc/2024/11/api-five-point-policy-roadmap_
Mrs. Smith
smith199
1 month ago
Interesting development. Breaking news about Secretary of the Interior and the newly formed ‘National Energy Council’. I support this Energy Perspective. Looking forward to the future. This is the Leadership in Energy that the country has been needing. And the productivity increases will whip inflation’s bottom and leave welts.
Statement on Energy by President Elect, 11/15/2024:
“I am thrilled to announce that Doug Burgum, the Governor of North Dakota, will be joining my Administration as both Secretary of the Interior and, as Chairman of the newly formed, and very important, National Energy Council, which will consist of all Departments and Agencies involved in the permitting. production, generation, distribution, regulation, transportation, of ALL forms of American Energy. This Council will oversee the path to U.S. ENERGY DOMINANCE by cutting red tape, enhancing private sector investments across all sectors of the Economy, and by focusing on INNOVATION over longstanding, but totally unnecessary, regulation. With U.S. Energy Dominance, we wil drive down Inflation, win the A.l. arms race with China (and others), and expand American Diplomatic Power to end Wars all across the World.
The …. War on American Energy has hurt our Alies by forcing them to buy from our adversaries, who in turn use those profits to fund Wars and Terror. ENERGY DOMINANCE will allow us to sell Energy to our friends, including all European Nations, which will make the World a safer place. As Chairman of the National Energy Council, Doug will have a seat on the National Security Council. As Secretary of the Interior, Doug will be a key leader in ushering in a new "Golden Age of American Prosperity" and World Peace. The Biden-Harris Administration has driven our National Debt to a record $36 TRILLION DOLLARS. Yet America is blessed with vast amounts of "Liquid Gold" and other valuable Minerals and Resources, right beneath our feet. We will "DRILL BABY DRILL," expand ALL forms of Energy production to grow our Economy, and create good-paying jobs. By smartly utilizing our amazing National Assets, we will preserve and protect our most beautiful places, AND reduce our deficits and our debt!
We will also undo the damage done by the Democrats to our Nation’s Electrical Grid, by dramatically increasing baseload power. This will reduce the cost of Electrical bills that continue to skyrocket for Citizens and Small Businesses under Biden-Harris, and ensure that America has the power to serve all of our needs without the devastation of blackouts and brownouts, and to WIN the battle for A.l. superiority, which is key to National Security and our Nation's Prosperity. Doug Burgum will protect our Nation's Natural Resources, restore our fabulous Oil and Gas advantage, and Make America and its Energy, Dominant and Great Again!”
Mrs. Smith
smith199
2 months ago
As a country this Red and Blue did not work out so good. We need to get back to being the Red, White, and Blue and rid ourselves of the divisiveness for the benefit of all. I am keeping an open mind, an open heart, and a focus on oil and gas exploration in the GOM. We will see how it goes.
I look forward to the new administration discarding the hundreds of rules, regulations and executive orders that the current administration inflicted on the oil and gas industry.
By next year, I hope to see the DOI encourage oil and gas production on federal lands, the SEC to break away from its ESG reporting (climate) chokehold, the EPA reduce their environmental injustice, the DOE to authorize even more LNG exports, the IRS to rescind the billions of dollars in tax increases on oil and gas production, the Senate to request the restart and completion the Keystone XL pipeline, and the House to call for the Senate to pass a bill similar to the H.R. 1 (Lower Energy Cost Act) of the 118th Congress.
We must wait until the outcome of next week’s Senate Majority Leader vote to see if the new administration will have the support of the Senate leadership. Further, in Arizona, I hope K. Lake beats R. Gallego by 1 vote, lol.
I am reminded that there was once a time not so long ago, when much critical infrastructure existed to facilitate the importing of LNG into the USA to support our country’s anticipated future energy needs.
But not anymore. No, hardly any now. It was mostly converted over to allow LNG to be EXPORTED to overseas markets from the USA, since we have emerged as the world’s top exporter of LNG.
The boom in building LNG terminals in the USA continues to support low NG prices here, yet is still beneficial to our Allies. Currently there are construction projects costing billions and billions of dollars under development but the current administration has been stalling their progress.
And recall that almost 10% of all U.S. exports are chemicals (agricultural, specialty, and consumer products) and the cost of NG when creating these products in the USA is $2.50, as compared to Europe and Asia at $14. So one thing is assured, our domestic products will always be competitive in overseas markets.
By the way, the EU announced today that it could consider replacing Russian LNG imports with those from the USA. The President of the European Commission, Ursula von der Leyen, told reporters on Friday “We still get a lot of LNG from Russia and why not replace it by American LNG, which is cheaper for us and brings down our energy prices".
Link: https://www.reuters.com/business/energy/eu-may-consider-replacing-russian-lng-imports-with-those-us-von-der-leyen-says-2024-11-08/
Also recall that forecasts call for the use of electricity to double over the next 5-6 years. This will be a HUGE development that will only occur if and when NG is designated as the preferred fuel for generating electricity.
Forget wind and solar. They will not be major players at this level, because they cannot be relied on to keep the power on. And the power must stay on 24/7/365 for the USA to compete and thrive.
The history of World War II proved that the USA was only able to fight two simultaneous battle fronts and WIN in Europe and the Pacific because we had the industrial capacity to do so.
This is why it is worth mentioning the importance for the USA to not lose jobs, but to instead increase both the manufacturing and oil exploration jobs here at home.
Increasing our manufacturing capability across the USA is the key to our country’s future economic success, and fortunately our new administration realizes this, and is very focused on getting this accomplished. Besides wealth, this also creates jobs. Very exciting vision for the USA workforce.
This is in spite of the past several reporting cycles where we have seen the Department of Labor revise the Bureau of Labor Statistics report downward. This is not the direction the country needs to be going, so this transition will not occur a moment too soon.
So even though it is early days, expect to experience the promise of that “Golden Age”. To me, this was a welcome hint regarding the focus and priority of the new incoming administration. I find it disappointing that some politicians actually plan to stall or block any progress. Shameful.
Stalling and Blocking only hurts the nation. So the question seems to be, is it to be patriotic profits or power-hungry politicians? Evidently, we cannot have both. We must not follow the ideologues. Follow the smart money instead….
And I have always liked the sound of “Drill Baby, Drill”.
Focused on the future,
Mrs. Smith
smith199
2 months ago
I admit I look forward to your perspective on events.
Our early voting recently began and I also have already voted. Local news reports indicate that early voting participation is up from historical numbers. This was exactly what I observed and what was commented on by two poll volunteers. So there is much interest here. Hopefully, Gulfslope will be positively affected by the outcome.
Although I am concerned that in this day and age of computers, AI, technology, etc. we are being told that it may take TWO WEEKS to get all the votes counted.
Please correct me if I am wrong, but in times past, before technology, with paper ballots, results were available the morning after the polls closed…. Is this not correct? Has technology made it impossible to meet the prior standards of counting votes? I am not familiar with this unconventional approach. Is this the new normal?
If it were up to me, I would not count ANY votes not tallied after 24 hours of the polls closing. Voters that want their votes counted will make it happen.
Where there is a will…. There is still a way.
Changing the subject, being fair skinned and blonde, I do have some experience with tan lines (for the record I also have thin skin, lol). And in my opinion, going from a farmer’s tan to a captain’s tan is not especially difficult.
The secret is to not be impatient because overexposure will cause it all to peel off and you will have to start over. You can use that as an excuse to fish a little bit every day.
Or, if you are a risk taker, you might just walk around without your shirt on and let it happen as it happens.
Regards,
Mrs. Smith
smith199
2 months ago
But ….. supply/demand data doesn’t shift like that, only sentiment can
The October 2024 EIA Short-term Energy Outlook (STEO) forecast ‘world’ petroleum and other liquid fuels “production” and “consumption” to increase in 2025 by 2% and 1.25%, respectively.
The EIA ‘Outlook for Winter 24-25’ (U.S. residential) reflects “increases” in the “Average Consumption” of NGas by 5%, Propane by 6%, Heating Oil by 4%, and Electricity by 2%.
The OPEC ‘Winter Oil Outlook 24-25’ states “OECD Americas, OECD Europe and OECD Asia Pacific are projected to experience demand growth for fuel oil and diesel in 4Q24. Accordingly, the OECD's total heating fuel demand in 4Q24 is forecast to increase by 80 tb/d, y-o-y…. OECD Americas is expected to see the largest y-o-y demand increase of 65 tb/d, followed by OECD Europe with approximately 10 tb/d …. In 1Q25, heating fuel demand in the OECD region is projected to grow by 117 tb/d, y-o-y, primarily driven by increases in the Americas and Europe ….”
Links to EIA October Short-term Energy and Winter Fuels Outlooks, including graphs:
https://www.eia.gov/outlooks/steo/pdf/steo_full.pdf
https://www.eia.gov/outlooks/steo/tables/pdf/3atab.pdf
https://www.eia.gov/outlooks/steo/tables/pdf/2tab.pdf
https://www.eia.gov/outlooks/steo/report/perspectives/2024/10-winterfuels/article.php
Links to OPEC October Monthly Oil Market Report and Video:
https://momr.opec.org/pdf-download/res/pdf_delivery_momr.php?secToken2=accept
https://players.brightcove.net/34306109001/default_default/index.html?videoId=6363244401112
Regards,
Mrs. Smith
smith199
2 months ago
I appreciate the opportunity our discussions provide for the exchange of ideas and clear thinking.
For example, I do not have a problem with my tax dollars being used to reimburse taxpayers for the purchase of generators to help facilitate the safety and security of families without electrical power during a disaster. Especially families with small children or a family member dependent on an electrical medical device in times of an emergency.
DJT stated “….we are going to allow you, retroactive to September 1st, 2024, to purchase a Generator for your Home, which will, in so doing, entitle you to fully deduct the TOTAL cost of said Generator for Income Tax Purposes. This Tax Deduction is available until August 31st, 2025.”
So, would that not include all expenses related to interactions with local inspectors, HOAs, and plan designers, as well as the purchase and installation? Is this the difference between a businessman and a politician?
Perhaps he intends to offset the tax breaks on Generators, Overtime, Tips, and Social Security with a more efficient Government (Elon’s project). This is just me reading between the lines….
Considering all the money wasted by this government, I feel better about supporting an initiative that offers relief to taxpayers suffering from a crisis. I am in favor of providing citizens the opportunity to be more self-sufficient and not be totally dependent on government agencies in an emergency.
Regards,
Mrs. Smith
spec machine
2 months ago
Weekly wrap, another stretch of chattering about “carefully measured responses” to avoid escalation
Yet there are a couple more countries actively engaged in combat with Israel, Iran and Syria
What’s it now, a 7 front war?
And that doesn’t include Russia/Ukraine
But who’s counting?
Medical research (and history) says a Limbic response to insult is a swift punch, full force
Alternately, a cerebral response would weigh the consequences and target a key weakness or two, and bop them
I don’t think the good guys and bad guys are on the same page with this
Can we just call this “World Proxy War III” and go from there?
We’re already seeing asymmetric warfare terrorist attacks here in the USA, likely to get much worse, unfortunately
On the positive side, amazing science week, solar CME, auroras, SpaceX Starship 5 launch/recovery, extra moon
Historically, this stretch leading up to our election is loaded with baseless allegations and outright lies to stoke fear and division, go with what you KNOW to be true
Crude markets still bouncy, fairly large swing over the last couple of weeks, WTI currently mid $70s
Unplugged from the negative as much as possible
And the good vibes still find me
spec
smith199
3 months ago
Considering that these recent hurricanes have left entire communities without electrical power for extended periods of time, and the forecasts are for increased stress on our electrical grid in the future, this could be something to take a closer look at. Although family, neighbors, communities, and states will remain the true first responders in the vast majority of these situations.
The message I received from observations of these weather events is, no matter where we live, at any time we have the potential to be confronted by nature or some other disruption. And often this confrontation is manifested by a prolonged period of power outage due to the destruction of infrastructure.
And I have recently noticed a trend towards the purchase of privately owned NG fueled, air-cooled household electricity generators that cost many thousands of dollars to purchase and install.
These do appear to be a solution of sorts for times of power outage since natural gas generators can quickly ramp up electricity production when there are disruptions in the power supply due to a crisis or emergency, or whenever solar or wind power falls short.
I can absolutely see their appeal for those among us with the required residential situations and the financial means to consider installing one (however few multi-family properties, apartments, or condos can accommodate them).
And these whole-house air-cooled generators average a useful lifespan of 2,500 hours, or barely 100 days, which hardly seems adequate, considering the level of expense involved. But after doing the math, I do confess that +100 continuous days (2,500 hours) does seem to suggest requiring multiple events, since 1 week is but 168 hours, or is equivalent to 15 events lasting 1 week each.
So 2,500 hours is most likely adequate for the life of the average home, provided the required maintenance is performed after each use. Thus, while these are not an economical long-term solution for providing electricity, they certainly appear to be suitable for the intermittent emergency use they were designed for and intended to supply.
Generators are also offered using the alternative fuels of propane, gasoline, or diesel. Although it might be hazardous to store larger volumes of gasoline or diesel fuel at home. And when it is time to refuel, gasoline and diesel fuel must first be located, then purchased, and ultimately transported to the generator. An inconvenience during extended power outages, assuming that the fuel supplies can even be located, and will also require fueling a separate vehicle for transportation.
Besides the inconvenience and the safety hazards, both gasoline and diesel fuels also lack the ability for indefinite long term storage, so these will not be the best choice for a whole-house installation intended for infrequent use. Based on these storage and delivery considerations, NG or Propane appear to be the best fuels for an emergency generator that is not a portable, particularly when larger generators requiring larger volumes of fuel are to be utilized.
Oh, and let me also mention that simultaneously using these household generators on a large enough scale can cause lack of NG supply, since gas companies did not design residential service systems with the capacity to provide for widespread homeowner power generation using NG for fuel.
So there may not be enough NG fuel for everyone, all at the same time, in a time of crisis. These supply constraints also complicate the use of other gas appliances used for cooking, heating water, or heating homes, etc…. Expect rationing if enough households opt to run generators.
In some cases, stand alone propane may be a better alternative fuel depending on a variety of variables (such as assuring delivery of refills during times of extended emergency, and the restrictions of siting a propane tank the required distance from a neighbors property, etc).
Propane can also be safely stored for long periods of time, and the propane tanks can be buried underground, although this, the purchase price of the tank, and the propane to fill it will increase costs. The propane will be delivered by truck, so there will be no need to locate and transport this fuel. However, the truck will require access to the tank (they have a hose, so from perhaps +50’ away).
These tanks are available in various sizes and are usually only capable of being filled to 80% of capacity. So these can provide fuel for many days, depending on the size of the engine needed to generate the amount of power you require, and the amount of load on the generator. Regardless of the extra expense involved, the largest tank available (usually 500 to 1000 gallons), is the best choice.
Additionally, carbon monoxide concentrations are a bonafide hazard when running any of these generators, so they must not be located in close proximity to inhabited dwellings, either yours or a neighbor’s. Some of these engines are fairly large and will be running for hours on end, so carbon monoxide poisoning becomes a real concern that must be addressed. Seems prudent to plan for including a good CO detector, or two.
The moral to my story is to point out that, besides an initial investment, this home generator option requires careful planning, especially as pertains to CO concentrations on smaller residential properties, as well as deciding which fuel source is best for your area and situation. Considering the level of investment involved, making the correct decisions before the installation can prevent expensive ‘do-overs’.
Another observation from watching the news is that, while those with generators may indeed have the capability for emergency power, any generator subjected to flood waters will most likely be useless, regardless of the fuel chosen.
As is always the case, being adequately informed is the key to making good decisions. Hopefully this post provides useful information as a starting point for anyone considering a home generator.
When communities across the USA become impacted by natural disasters the first thing they request is for much needed fossil fuels (gasoline and diesel) to complete rescues, recoveries, transporting critical supplies, generating emergency power, operating heavy equipment during cleanup, and rebuilding.
By the way, did anyone notice on the news that NO ONE was charging their EVs in the hardest hit areas of Hurricane Helene? It is because, without electricity, they cannot. But they sure were filling up their vehicles with gasoline and diesel.
Perhaps we could allocate some of the inappropriately named ‘Reduction Inflation Act’ monies away from those green renewable projects (domestically and globally) and send it to the victims of these recent storms and wildfires.
At this time, the issue seems to mostly be a matter of misplaced government priority, which appears to be focused on their desired political agenda rather than on the needs of suffering citizens.
A Tesla charging station in the Carolinas that is empty due to the lack of electrical power will be a stark reminder of how ridiculous it is for the current administration to budget almost 8 billion of our tax dollars to an EV charging station project that our government has failed to even get off the ground for 3 years. Is this the future reality facing owners of EVs not located in the confines of the blue metropolitan bubbles? Something to consider.
We can build charging stations later, once the bottlenecks stalling these projects are addressed. In the meantime, if this 8 billion dollars can be reallocated, perhaps we should send those tax monies to the communities affected by these recent disasters. At least there is value in that.
Especially since there appears to be another of these storms on the way to us. Perhaps it is time to focus more on the domestic needs of this country over the needs of citizens and governments in foreign countries, at least until these foreign countries begin to pay taxes in the USA. The USE (United States of Earth)? Just a thought for any politicians reading our board. In the meantime, reserve enough fuel to ensure you can make it to the polls on Nov 5.
So do any readers have other opinions or advice to share regarding home generators, EVs, or anything else….
Regards,
Mrs. Smith
spec machine
3 months ago
Tuesday tuneup
GulfSlope in stasis, like seed in the desert
No need to watch the pot, it’s either going to boil or evaporate in 2025, I think
All is quiet out here on the water, but trouble keeps increasing, step by step in the war zones ….
Not many more steps available before someone admits that it has, indeed, escalated dramatically in the last year
War brings out the dark creativity in the minds of warriors, inventing new technology and techniques to use against the enemy
I choose to use my abilities for the good side and actually devised a technique similar to the method Israel utilized to locate Nasrallah
It was more than 2 decades ago and it could have located Osama bin Ladin when he was hiding in Tora Bora
My plan used a location technique similar to what the IDF used but it wasn’t sonic booms, and I will leave it there …
I did offer it to a friend who is in intel but he NEVER responds to anything on that topic, not a single word
It made for interesting conversations, until I figured that part out
Anyway, all the talk about “limited response”, “proportional retaliation”, and “limited ground incursion”, do absolutely nothing except give a different pronunciation for escalation
The market remains relatively stable considering the situation and the abundance of unmistakable signs desperation
A trapped beast is especially dangerous
A swift victory in all the major battles fought today will be a giant leap for freedom and prosperity
That’s what I want
Cheers
spec
😊
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