Trump Economic Theory Of Relativity: Double Think At The Speed Of Light

The news likes to tell me that we are in the greatest economic upswing in world history.  Why do the politicians and news agencies lie in our face like that?  I will no longer listen to anything I hear.  I will just believe in facts and form my own opinion:  police brutality, the sheriff throwing…

Article From The Hill, 5/27/2020: Trump administration gives renewables more time to take advantage of tax credits

The Trump administration is making it easier for renewable energy projects to take advantage of certain tax credits amid the coronavirus pandemic. The Treasury Department and Internal Revenue Service issued a notice Wednesday that said it would give some companies that started construction in 2016 or 2017 an extra year before they have to put…

Press Release: Remarks by President Trump Announcing an Executive Order on Preventing Online Censorship Issued on May 28, 2020

Oval Office 3:47 P.M. EDT THE PRESIDENT: Thank you very much. We’re here today to defend free speech from one of the gravest dangers it has faced in American history, frankly. And you know what’s going as well as anybody. It’s not good. A small handful of powerful social media monopolies controls a vast portion…

PPP Loan Checker: Enservco

Here are the net income numbers for Enservco:  loss, loss, loss.  They provide well site services.  Enservco received $1.9 million.   In thousands of dollars, 1st Qtr 2019 2nd Qtr 2019 3rd Qtr 2019 Annual 2019 1st Qtr 2020 4,303 -2,209 -5,404 -7,652 -2,837    

By The Numbers, 5/28/2020

The EIA published its Weekly Petroleum Status Report.  Here are some highlights.  All items are in millions of barrels per day except inventories, which is billions total.  Dates are defined as week ending averages, except utilization rate which is a four week ending average.  The full report can be found here. Item 5/22/20 5/15/20 Refinery…

Article from Rystad Energy: Shales to be hardest-hit this year as oilfield service market falls by 15%

The global oilfield service market is expected to decline by 15% in 2020 compared with 2019, Martin Opdal, Consulting Principal, said during a virtual meeting held by the IADC Southeast Asia Chapter on 14 May. This means the firm is projecting approximately $535 billion in oilfield service purchases this year in its base case scenario,…