#California Independent Petroleum Association
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California law banning new drilling near homes, schools heads to voters after oil pushback
BY LINDSEY HOLDEN AND STEPHEN HOBBS
A California law banning new drilling near homes, schools and hospitals will head to voters after an oil industry-backed referendum qualified for the November 2024 ballot.
The Secretary of State’s Office announced on Friday the campaign challenging Senate Bill 1137 had gathered enough signatures for a ballot measure.
Gov. Gavin Newsom signed the measure in 2022, and it went into effect on Jan. 1. It prohibits the state from approving new oil and gas wells within 3,200 feet of hospitals, schools and homes. It also requires existing wells to meet certain health, safety and environmental standards in the future.
The California Independent Petroleum Association (CIPA) said in December that it spearheaded the referendum effort. The group reported collecting more than 978,000 signatures.
“Senate Bill 1137 threatens the livelihoods of over 50,000 hardworking Californians and forces the state to rely on more expensive, imported foreign oil that is completely exempt from California’s strict environmental laws,” CIPA CEO Rock Zierma said in an emailed statement.
The bill was part of a package of environmental laws pushed by Newsom and faced strong industry opposition before it passed in August.
“Greedy oil companies know that drilling results in more kids getting asthma, more children born with birth defects, and more communities exposed to toxic, dangerous chemicals,” Newsom said in a statement. “But they would rather put our health at risk than sacrifice a single cent of their billions in profits.”
The initiative is the latest industry-backed referendum to qualify for the November 2024 ballot. A campaign against a law creating a California fast food council meant to improve conditions for workers also gathered enough signatures to appear before voters.
#us politics#news#The Sacramento Bee#2023#California#gov. gavin newsom#fossil fuels#big oil#oil drilling#Senate Bill 1137#oil wells#natural gas wells#California Independent Petroleum Association#Rock Zierma#environmental protection
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It Could Cost $21 Billion to Clean Up California’s Oil Sites, Study Finds
For well over a century, the oil and gas industry has drilled holes across California in search of black gold and a lucrative payday. But with production falling steadily, the time has come to clean up many of the nearly quarter-million wells scattered from downtown Los Angeles to western Kern County and across the state.
The bill for that work, however, will vastly exceed all the industry’s future profits in the state, according to a first-of-its-kind study published Thursday and shared with ProPublica.
“This major issue has sneaked up on us,” said Dwayne Purvis, a Texas-based petroleum reservoir engineer who analyzed profits and cleanup costs for the report. “Policymakers haven’t recognized it. Industry hasn’t recognized it, or, if they have, they haven’t talked about it and acted on it.”
The analysis, which was commissioned by Carbon Tracker Initiative, a financial think tank that studies how the transition away from fossil fuels impacts markets and the economy, used California regulators’ draft methodology for calculating the costs associated with plugging oil and gas wells and decommissioning them along with related infrastructure. The methodology was developed with feedback from the industry.
The report broke down the costs into several categories. Plugging wells, dismantling surface infrastructure and decontaminating polluted drill sites would cost at least $13.2 billion, based on publicly available data. Adding in factors with slightly more uncertainty, like inflation rates and the price of decommissioning miles of pipeline, could bring the total cleanup bill for California’s onshore oil and gas industry to $21.5 billion.
Meanwhile, California oil and gas production will earn about $6.3 billion in future profits over the remaining course of operations, Purvis estimated.
Compounding the problem, the industry has set aside only about $106 million that state regulators can use for cleanup when a company liquidates or otherwise walks away from its responsibilities, according to state data. That amount equals less than 1% of the estimated cost.
Taxpayers will likely have to cover much of the difference to ensure wells are plugged and not left to leak brine, toxic chemicals and climate-warming methane.
“These findings detail why the state must ensure this cost is not passed along to the California taxpayer,” state Sen. Monique Limón, a Santa Barbara Democrat who has written legislation regulating oil, said in a statement. “It is important that the state collect funding to plug and abandon wells in a timely and expeditious manner.”
Representatives of the state’s oil regulatory agency, the California Geologic Energy Management Division, did not respond to ProPublica’s request for comment on the report’s findings.
Rock Zierman, CEO of the California Independent Petroleum Association, an industry trade group, said in a statement that companies spent more than $400 million last year to plug and clean up thousands of oil and gas wells in the state. “This demonstrates their dedication to fulfilling their obligations and mitigating the environmental impact of their operations,” he said.
Fees on current oil and gas production will offset some of the liabilities, but they’re nowhere near enough to address the shortfall quantified by the new report.
“It really scares me,” Kyle Ferrar, Western program coordinator with environmental and data transparency group FracTracker Alliance, said of the report’s findings. “It’s a lot for the state, even a state as big as California.”
Industry in Decline
High oil prices have translated to huge profits for the industry in recent years, but Carbon Tracker’s report found that’s likely to be short-lived. Only two drilling rigs were operating in the state at one point this year, meaning few new wells will be coming online, and more than a third of all unplugged wells are idle.
Judson Boomhower, an environmental economist and assistant professor at the University of California, San Diego who has studied California’s oil industry, said there are inherent uncertainties in estimating future oil revenues. For example, one variable is how quickly the country shifts from internal combustion engine vehicles to electric. But, he said, Carbon Tracker’s estimates for environmental liabilities track with his research.
“It’s a state in the twilight of its production period, and that means big liabilities,” Boomhower said. He added that now is the time for regulators to prevent companies from offloading their wells to “thinly capitalized firms” unable to shoulder the cleanup.
As ProPublica reported last year, the major oil companies that long dominated in California and have the deep pockets necessary to pay for environmental cleanup are selling their wells and leaving the state, handing the task to smaller and less well-financed companies.
Roughly half of the wells drilled in California have changed hands through sales and bankruptcies since 2010, according to data Ferrar analyzed.
Smaller companies are often one bankruptcy away from their wells being orphaned, meaning they’re left to taxpayers as companies dissolve. The Biden administration recently committed $4.7 billion in taxpayer funds to plug orphan wells.
And the industry’s environmental liabilities in California are far bigger than Carbon Tracker’s report quantifies.
Purvis only included environmental liabilities associated with onshore oil and gas production. Billions of dollars more will be needed to plug offshore wells, remove rigs and reclaim artificial islands used for drilling off the coast of Long Beach, Ventura and Santa Barbara.
Additionally, the report did not quantify the emerging risk of “zombie wells,” which were plugged years ago to weaker standards and are likely to leak if they aren’t replugged. That’s an expensive endeavor, as the average cost to plug one well in California — to say nothing of cleaning up surface contamination — is $69,000, according to Purvis’ research. But some California wells have already begun failing, including in neighborhoods in Los Angeles.
“They’re Not Going to Have Money to Do It Later”
Time is running out to rectify the funding shortfall, for example by increasing the money companies must set aside for well plugging.
Carbon Tracker’s report — using state production data and financial futures contracts on the New York Mercantile Exchange — estimated that as production declines, 58% of all future profits from drilling oil and gas in the state are likely to come over the next two years.
“We have our backs up against the wall in California right now,” Ferrar said. “If companies don’t put money towards it now, they’re not going to have money to do it later.”
Environmental policies could accelerate the industry’s decline. California voters will decide on a ballot initiative in 2024 that would reinstate large buffer zones between communities and oil wells, limiting drilling.
Purvis said acting quickly to plug wells would also “stimulate economic activity” and help smooth the transition for oil and gas workers who stand to lose well-paying jobs in the shift away from climate-warming fossil fuels. Spending large sums to plug old wells would create short-term employment for oil field workers.
As California faces the consequences of its failure to quickly clean up aging oil and gas infrastructure, there are likely several million more wells around the country that are either low-producing or already orphaned and will soon need to be decommissioned.
“California’s going to be a test case or the leading edge of this,” Boomhower said. “This same problem is eventually going to manifest everywhere.”
#czlifornia#epa#environmental disasters#oil wells#plug oil wells in california#It Could Cost $21 Billion to Clean Up California’s Oil Sites#Study Finds
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Holidays 2.26
Holidays
Bill Hicks Day
Black Lives Matter Day
Buffalo Bill Day
Carnival Day
Carpe Diem Day
Cheongwoldaeboreum (Korean Folk Festival; North Korea)
Cooperatives Day (Thailand)
Day of Remembrance for Victims of Khojaly Massacre (Azerbaijan)
Day of Resistance to Occupation of Crimea & Sevastopol (Ukraine)
Fats Domino Day
For Goodness’ Sake Day
For Pete's Sake Day
Grand Canyon Day
Grand Teton Day
Happy Burp Day
Hazrat Alis Day (Uttar Pradesh, India)
Hoodies All Day
Jazz Record Day
Johnny Cash Day
Lesser Periwinkle Day
Letter to an Elder Day
Levi Strauss Day
Liberation Day (Kuwait)
Llama Dress Day
Man in Black Day
Michael Somare Remembrance Day (Papua New Guinea)
National Customized Wheel and Tire Day
National Firefox Day
National Personal Chef Day [also 7.16]
National Ranboo Day
National Remembrance Day (Papua New Guinea)
National Saul Day
National Set a Good Example Day
New York City Subway Day
Patrick Star Day
Pound Notes Day.(UK)
Read Me Day
Rooks Nesting Day
Sourdough Rendezvous
Tell a Fairy Tale Day
Thanks Day (Myanmar)
Thermos Bottle Day
Thriller Day
Tournament of Hearts (Scotland)
Trayvon Martin Day
Violet Day (French Republic)
World Leisure Day
World Trade Center Bombing Anniversary Day
Zamboanga Day (Philippines)
Food & Drink Celebrations
Bacon Day (Iowa)
National Pistachio Day (a.k.a. World Pistachio Day)
4th & Last Monday in February
International Corporate Philanthropy Day [4th Monday]
Museums Advocacy Day [4th Monday]
National Cupcake Day (Canada) [Last Monday]
Play More Cards Day [Last Monday; also 2.22]
Study Abroad Day [4th Monday]
Weekly Holidays beginning February 26
America Saves Week [Last Monday]
Fairtrade Fortnight [Last Monday]
International Petroleum Week
Museum Advocacy Day [Last Monday] (thru 2.27)
National Eating Disorder Awareness Week [Last Monday]
National Invasive Species Week [Last Monday]
National Justice for Animals Week
National Nothing Week
National Pasty Week [Ends closest Sunday to St. Piran’s Day: 3.5] (thru 3.3]
Real Bread Week
Independence & Related Days
Annexation of Poland (by Russia; 1832)
French Republic declared (1848)
Texas Independence Day Celebration, Day 2 (of 2; Texas)
Festivals Beginning February 26, 2024
Geneva International Motor Show (Geneva, Switzerland) [thru 3.3]
HAI (Helicopter Association International) Heli-Expo (Anaheim, California)v[thru 2.29]
Kosher Food and Wine Experience (East Rutherford, New York)
National Potato Council Washington Summit) [Washington, DC) [thru 3.1]
RCI Chocolate Boot Camp (Waterbury, Connecticut) [thru 2.29]
Snow Machine Festival (Nagano, Japan) [thru 3.3]
Feast Days
Alexander of Alexandria (Christian; Saint)
Anaximander (Positivist; Saint)
Animal Transformation Day (Celtic Book of Days)
Big Hugs Candle Spell Day (Starza Pagan Book of Days)
Christopher Marlowe (Writerism)
Dance of the Known Places (Shamanism)
Day of Nuit (Thelema)
Emily Malbone Morgan (Episcopal Church (USA))
Emo Phillips Day (Church of the SubGenius; Saint)
Festival of Ayyám-i-Há (Baha'i)
Festival of Mihr (God of Fire; Armenia)
Forgiveness Sunday (Orthodox Christian) [Last Sunday before Lent]
Honore Daumier (Artology)
Hopalong Hamster (Muppetism)
Hygeia’s Day (Pagan Hygiene Goddess)
Isabelle of France (Christian; Saint)
Kasimir Malevich (Artology)
Li Tim-Oi (Anglican Church of Canada)
Lost Pen Day (Pastafarian)
Mourn Lost Socks Day (Pastafarian)
Nestor (Christian; Martyr)
Nuit’s Day (Pagan)
Pentagram Night (Everyday Wicca)
Porphyry of Gaza (a.k.a. Parphyrius; Christian; Saint)
Saviours' Day (Nation of Islam)
Shan e-Barat (Night of Records; Bangladesh; West Bengal, India)
Victor Hugo (Writerism)
Victor of Champagne (a.k.a. Victor the Hermit; Christian; Saint)
Lucky & Unlucky Days
Dismal Day (Unlucky or Evil Day; Medieval Europe; 4 of 24)
Egyptian Day (Unlucky Day; Middle Ages Europe) [4 of 24]
Fortunate Day (Pagan) [10 of 53]
Lucky Day (Philippines) [11 of 71]
Taian (大安 Japan) [Lucky all day.]
Unlucky Day (Grafton’s Manual of 1565) [12 of 60]
Premieres
The Abyss (Film; 1993)
Booty Call (Film; 1997)
Bullwinkle Bellows Again or Moonin’ Low (Rocky & Bullwinkle Cartoon, S2, Ep. 102; 1961)
Come Away With Me, by Norah Jones (Album; 2002)
Cop Out (Film; 2010)
The Crepe Hangers or Brighten the Coroner Where You Are (Rocky & Bullwinkle Cartoon, S4, Ep. 207; 1963)
Discovery, by Daft Punk (Album; 2001)
Dixieland Jass Band One-Step, by The Original Dixieland Jass Band (Jazz Song; 1917)
Double Trouble or Two’s a Crowd (Rocky & Bullwinkle Cartoon, S4, Ep. 208; 1963)
Dragon Ball (Animated TV Series; 1986)
Eddie the Eagle (Film; 2016)
El Mariachi (Film; 1993)
Falling Down (Film; 1993)
Fiddle Saddle (Modern Madcaps Cartoon; 1960)
Flow My Tears, the Policeman Said, by Philip K. Dick (Novel; 1974)
Frantic (Film; 1988)
Fright Flight or A Rocky to the Moon (Rocky & Bullwinkle Cartoon, S2, Ep. 101; 1961)
From Here to Eternity, by James Jones (Noel; 1951)
Hairspray (Film; 1988)
Heebie Jeebies, recorded by Louis Armstrong (Song; 1926) [1st Recorded Scat Singing]
Howard’s End (Film; 1993)
Jack and the Beanstalk (Hanna-Berbera Animated Special; 1967)
Java, recorded by Al Hirt (Song; 1962)
Justice League: The New Frontier (WB Animated Film; 2008)
Livery Stable Blues, recorded by the Original Dixie Jass Band (Song; 1917) [1st Recorded Jazz Song]
Lonesome Ranger (Woody Woodpecker Cartoon; 1966)
Loose Boots, by Honeyhoney (EP; 2008)
Lotsa Luck (Woody Woodpecker Cartoon; 1968)
Mexican Mousepice (WB MM Cartoon; 1966)
Mirror Image (Twilight Zone TV Episode; 1960)
Pierre and Cottage Cheese (The Inspector Cartoon; 1969)
Polka-Dot Puss (Tom & Jerry Cartoon; 1949)
Rich Man, Poor Man, by Irwin Shaw (Novel; 1968)
Scooby-Doo! Mask of the Blue Falcon (WB Animated Film; 2013)
Six Characters in Search of an Author, by Luigi Pirandello (Play; 1922)
Spitting Image (UK TV Series; 1984)
Stork Naked (WB MM Cartoon; 1955)
Symphony No. 5, by Frank Harris (Symphony; 1943)
There’s Something About a Soldier (Color Rhapsody Cartoon; 1943)
200 Cigarettes (Film; 1999)
Two Pints of Lager and a Packet of Crisps (UK TV Series; 2001)
The United States vs. Billie Holiday (Film; 2021)
What Price Porky (WB LT Cartoon; 1938)
The Zoo Cat (Tom & Jerry Cartoon; 1944)
Today’s Name Days
Edigna, Gerlinde, Ottokar (Austria)
Aleksandar, Branimir, Robert, Viktor (Croatia)
Dorota (Czech Republic)
Inger (Denmark)
Ingmar, Ingo, Ingvar, Selmar (Estonia)
Nestori (Finland)
Nestor (France)
Denis, Edigna, Gerlinde, Mechthild, Ottokar (Germany)
Anatoli, Fotine, Fotini, Photini, Porfirios, Porfyrios, Sebastianos (Greece)
Géza (Hungary)
Arnoldo, Nestore, Romeo (Italy)
Evelīna, Eveline, Mētra (Latvia)
Aleksandras, Aurimė, Izabelė, Jogintas (Lithuania)
Inger, Ingjerd (Norway)
Aleksander, Bogumił, Cezariusz, Dionizy, Mirosław, Nestor (Poland)
Porfirie (Romania)
Svetlana (Russia)
Viktor (Slovakia)
Alejandro, Néstor (Spain)
Torgny, Torkel (Sweden)
Sebastian (Ukraine)
Levi, Nestor, Savana, Savanna, Savannah (USA)
Today is Also…
Day of Year: Day 57 of 2024; 309 days remaining in the year
ISO: Day 1 of week 9 of 2024
Celtic Tree Calendar: Nuin (Ash) [Day 9 of 28]
Chinese: Month 1 (Bing-Yin), Day 17 (Geng-Shen)
Chinese Year of the: Dragon 4722 (until January 29, 2025)
Hebrew: 17 Adair I 5784
Islamic: 16 Sha’ban 1445
J Cal: 27 Grey; Sixday [27 of 30]
Julian: 12 February 2024
Moon: 96%: Waning Gibbous
Positivist: 1 Aristotle (3rd Month) [Anaximander]
Runic Half Month: Tyr (Cosmic Pillar) [Day 3 of 15]
Season: Winter (Day 68 of 89)
Week: 4th Week of February
Zodiac: Pisces (Day 8 of 30)
Calendar Changes
Aristotle (Ancient Philosophy) [Month 3 of 13; Positivist]
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Holidays 2.26
Holidays
Bill Hicks Day
Black Lives Matter Day
Buffalo Bill Day
Carnival Day
Carpe Diem Day
Cheongwoldaeboreum (Korean Folk Festival; North Korea)
Cooperatives Day (Thailand)
Day of Remembrance for Victims of Khojaly Massacre (Azerbaijan)
Day of Resistance to Occupation of Crimea & Sevastopol (Ukraine)
Fats Domino Day
For Goodness’ Sake Day
For Pete's Sake Day
Grand Canyon Day
Grand Teton Day
Happy Burp Day
Hazrat Alis Day (Uttar Pradesh, India)
Hoodies All Day
Jazz Record Day
Johnny Cash Day
Lesser Periwinkle Day
Letter to an Elder Day
Levi Strauss Day
Liberation Day (Kuwait)
Llama Dress Day
Man in Black Day
Michael Somare Remembrance Day (Papua New Guinea)
National Customized Wheel and Tire Day
National Firefox Day
National Personal Chef Day [also 7.16]
National Ranboo Day
National Remembrance Day (Papua New Guinea)
National Saul Day
National Set a Good Example Day
New York City Subway Day
Patrick Star Day
Pound Notes Day.(UK)
Read Me Day
Rooks Nesting Day
Sourdough Rendezvous
Tell a Fairy Tale Day
Thanks Day (Myanmar)
Thermos Bottle Day
Thriller Day
Tournament of Hearts (Scotland)
Trayvon Martin Day
Violet Day (French Republic)
World Leisure Day
World Trade Center Bombing Anniversary Day
Zamboanga Day (Philippines)
Food & Drink Celebrations
Bacon Day (Iowa)
National Pistachio Day (a.k.a. World Pistachio Day)
4th & Last Monday in February
International Corporate Philanthropy Day [4th Monday]
Museums Advocacy Day [4th Monday]
National Cupcake Day (Canada) [Last Monday]
Play More Cards Day [Last Monday; also 2.22]
Study Abroad Day [4th Monday]
Weekly Holidays beginning February 26
America Saves Week [Last Monday]
Fairtrade Fortnight [Last Monday]
International Petroleum Week
Museum Advocacy Day [Last Monday] (thru 2.27)
National Eating Disorder Awareness Week [Last Monday]
National Invasive Species Week [Last Monday]
National Justice for Animals Week
National Nothing Week
National Pasty Week [Ends closest Sunday to St. Piran’s Day: 3.5] (thru 3.3]
Real Bread Week
Independence & Related Days
Annexation of Poland (by Russia; 1832)
French Republic declared (1848)
Texas Independence Day Celebration, Day 2 (of 2; Texas)
Festivals Beginning February 26, 2024
Geneva International Motor Show (Geneva, Switzerland) [thru 3.3]
HAI (Helicopter Association International) Heli-Expo (Anaheim, California)v[thru 2.29]
Kosher Food and Wine Experience (East Rutherford, New York)
National Potato Council Washington Summit) [Washington, DC) [thru 3.1]
RCI Chocolate Boot Camp (Waterbury, Connecticut) [thru 2.29]
Snow Machine Festival (Nagano, Japan) [thru 3.3]
Feast Days
Alexander of Alexandria (Christian; Saint)
Anaximander (Positivist; Saint)
Animal Transformation Day (Celtic Book of Days)
Big Hugs Candle Spell Day (Starza Pagan Book of Days)
Christopher Marlowe (Writerism)
Dance of the Known Places (Shamanism)
Day of Nuit (Thelema)
Emily Malbone Morgan (Episcopal Church (USA))
Emo Phillips Day (Church of the SubGenius; Saint)
Festival of Ayyám-i-Há (Baha'i)
Festival of Mihr (God of Fire; Armenia)
Forgiveness Sunday (Orthodox Christian) [Last Sunday before Lent]
Honore Daumier (Artology)
Hopalong Hamster (Muppetism)
Hygeia’s Day (Pagan Hygiene Goddess)
Isabelle of France (Christian; Saint)
Kasimir Malevich (Artology)
Li Tim-Oi (Anglican Church of Canada)
Lost Pen Day (Pastafarian)
Mourn Lost Socks Day (Pastafarian)
Nestor (Christian; Martyr)
Nuit’s Day (Pagan)
Pentagram Night (Everyday Wicca)
Porphyry of Gaza (a.k.a. Parphyrius; Christian; Saint)
Saviours' Day (Nation of Islam)
Shan e-Barat (Night of Records; Bangladesh; West Bengal, India)
Victor Hugo (Writerism)
Victor of Champagne (a.k.a. Victor the Hermit; Christian; Saint)
Lucky & Unlucky Days
Dismal Day (Unlucky or Evil Day; Medieval Europe; 4 of 24)
Egyptian Day (Unlucky Day; Middle Ages Europe) [4 of 24]
Fortunate Day (Pagan) [10 of 53]
Lucky Day (Philippines) [11 of 71]
Taian (大安 Japan) [Lucky all day.]
Unlucky Day (Grafton’s Manual of 1565) [12 of 60]
Premieres
The Abyss (Film; 1993)
Booty Call (Film; 1997)
Bullwinkle Bellows Again or Moonin’ Low (Rocky & Bullwinkle Cartoon, S2, Ep. 102; 1961)
Come Away With Me, by Norah Jones (Album; 2002)
Cop Out (Film; 2010)
The Crepe Hangers or Brighten the Coroner Where You Are (Rocky & Bullwinkle Cartoon, S4, Ep. 207; 1963)
Discovery, by Daft Punk (Album; 2001)
Dixieland Jass Band One-Step, by The Original Dixieland Jass Band (Jazz Song; 1917)
Double Trouble or Two’s a Crowd (Rocky & Bullwinkle Cartoon, S4, Ep. 208; 1963)
Dragon Ball (Animated TV Series; 1986)
Eddie the Eagle (Film; 2016)
El Mariachi (Film; 1993)
Falling Down (Film; 1993)
Fiddle Saddle (Modern Madcaps Cartoon; 1960)
Flow My Tears, the Policeman Said, by Philip K. Dick (Novel; 1974)
Frantic (Film; 1988)
Fright Flight or A Rocky to the Moon (Rocky & Bullwinkle Cartoon, S2, Ep. 101; 1961)
From Here to Eternity, by James Jones (Noel; 1951)
Hairspray (Film; 1988)
Heebie Jeebies, recorded by Louis Armstrong (Song; 1926) [1st Recorded Scat Singing]
Howard’s End (Film; 1993)
Jack and the Beanstalk (Hanna-Berbera Animated Special; 1967)
Java, recorded by Al Hirt (Song; 1962)
Justice League: The New Frontier (WB Animated Film; 2008)
Livery Stable Blues, recorded by the Original Dixie Jass Band (Song; 1917) [1st Recorded Jazz Song]
Lonesome Ranger (Woody Woodpecker Cartoon; 1966)
Loose Boots, by Honeyhoney (EP; 2008)
Lotsa Luck (Woody Woodpecker Cartoon; 1968)
Mexican Mousepice (WB MM Cartoon; 1966)
Mirror Image (Twilight Zone TV Episode; 1960)
Pierre and Cottage Cheese (The Inspector Cartoon; 1969)
Polka-Dot Puss (Tom & Jerry Cartoon; 1949)
Rich Man, Poor Man, by Irwin Shaw (Novel; 1968)
Scooby-Doo! Mask of the Blue Falcon (WB Animated Film; 2013)
Six Characters in Search of an Author, by Luigi Pirandello (Play; 1922)
Spitting Image (UK TV Series; 1984)
Stork Naked (WB MM Cartoon; 1955)
Symphony No. 5, by Frank Harris (Symphony; 1943)
There’s Something About a Soldier (Color Rhapsody Cartoon; 1943)
200 Cigarettes (Film; 1999)
Two Pints of Lager and a Packet of Crisps (UK TV Series; 2001)
The United States vs. Billie Holiday (Film; 2021)
What Price Porky (WB LT Cartoon; 1938)
The Zoo Cat (Tom & Jerry Cartoon; 1944)
Today’s Name Days
Edigna, Gerlinde, Ottokar (Austria)
Aleksandar, Branimir, Robert, Viktor (Croatia)
Dorota (Czech Republic)
Inger (Denmark)
Ingmar, Ingo, Ingvar, Selmar (Estonia)
Nestori (Finland)
Nestor (France)
Denis, Edigna, Gerlinde, Mechthild, Ottokar (Germany)
Anatoli, Fotine, Fotini, Photini, Porfirios, Porfyrios, Sebastianos (Greece)
Géza (Hungary)
Arnoldo, Nestore, Romeo (Italy)
Evelīna, Eveline, Mētra (Latvia)
Aleksandras, Aurimė, Izabelė, Jogintas (Lithuania)
Inger, Ingjerd (Norway)
Aleksander, Bogumił, Cezariusz, Dionizy, Mirosław, Nestor (Poland)
Porfirie (Romania)
Svetlana (Russia)
Viktor (Slovakia)
Alejandro, Néstor (Spain)
Torgny, Torkel (Sweden)
Sebastian (Ukraine)
Levi, Nestor, Savana, Savanna, Savannah (USA)
Today is Also…
Day of Year: Day 57 of 2024; 309 days remaining in the year
ISO: Day 1 of week 9 of 2024
Celtic Tree Calendar: Nuin (Ash) [Day 9 of 28]
Chinese: Month 1 (Bing-Yin), Day 17 (Geng-Shen)
Chinese Year of the: Dragon 4722 (until January 29, 2025)
Hebrew: 17 Adair I 5784
Islamic: 16 Sha’ban 1445
J Cal: 27 Grey; Sixday [27 of 30]
Julian: 12 February 2024
Moon: 96%: Waning Gibbous
Positivist: 1 Aristotle (3rd Month) [Anaximander]
Runic Half Month: Tyr (Cosmic Pillar) [Day 3 of 15]
Season: Winter (Day 68 of 89)
Week: 4th Week of February
Zodiac: Pisces (Day 8 of 30)
Calendar Changes
Aristotle (Ancient Philosophy) [Month 3 of 13; Positivist]
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by Mark Olalde
ProPublica Co-published with LAist and KVPR
May 18, 2023
An expert used California regulators’ methodology to estimate the cost of cleaning up the state’s onshore oil and gas industry. The study found that cleanup costs will be triple the industry’s projected profits.
For well over a century, the oil and gas industry has drilled holes across California in search of black gold and a lucrative payday. But with production falling steadily, the time has come to clean up many of the nearly quarter-million wells scattered from downtown Los Angeles to western Kern County and across the state.
The bill for that work, however, will vastly exceed all the industry’s future profits in the state, according to a first-of-its-kind study published Thursday and shared with ProPublica.
“This major issue has sneaked up on us,” said Dwayne Purvis, a Texas-based petroleum reservoir engineer who analyzed profits and cleanup costs for the report. “Policymakers haven’t recognized it. Industry hasn’t recognized it, or, if they have, they haven’t talked about it and acted on it.”
The analysis, which was commissioned by Carbon Tracker Initiative, a financial think tank that studies how the transition away from fossil fuels impacts markets and the economy, used California regulators’ draft methodology for calculating the costs associated with plugging oil and gas wells and decommissioning them along with related infrastructure. The methodology was developed with feedback from the industry.
The report broke down the costs into several categories. Plugging wells, dismantling surface infrastructure and decontaminating polluted drill sites would cost at least $13.2 billion, based on publicly available data. Adding in factors with slightly more uncertainty, like inflation rates and the price of decommissioning miles of pipeline, could bring the total cleanup bill for California’s onshore oil and gas industry to $21.5 billion.
Meanwhile, California oil and gas production will earn about $6.3 billion in future profits over the remaining course of operations, Purvis estimated.
Compounding the problem, the industry has set aside only about $106 million that state regulators can use for cleanup when a company liquidates or otherwise walks away from its responsibilities, according to state data. That amount equals less than 1% of the estimated cost.
Taxpayers will likely have to cover much of the difference to ensure wells are plugged and not left to leak brine, toxic chemicals and climate-warming methane.
“These findings detail why the state must ensure this cost is not passed along to the California taxpayer,” state Sen. Monique Limón, a Santa Barbara Democrat who has written legislation regulating oil, said in a statement. “It is important that the state collect funding to plug and abandon wells in a timely and expeditious manner.”
Representatives of the state’s oil regulatory agency, the California Geologic Energy Management Division, did not respond to ProPublica’s request for comment on the report’s findings.
Rock Zierman, CEO of the California Independent Petroleum Association, an industry trade group, said in a statement that companies spent more than $400 million last year to plug and clean up thousands of oil and gas wells in the state. “This demonstrates their dedication to fulfilling their obligations and mitigating the environmental impact of their operations,” he said.
Fees on current oil and gas production will offset some of the liabilities, but they’re nowhere near enough to address the shortfall quantified by the new report.
“It really scares me,” Kyle Ferrar, Western program coordinator with environmental and data transparency group FracTracker Alliance, said of the report’s findings. “It’s a lot for the state, even a state as big as California.”
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#oil and gas industry#california#corporate greed#fossil fuels#taxpayers shouldn't shoulder the cleanup
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Fracking - Lawsuits Back And Forth In California
By Noah Stark, University of California, Davis Class of 2022
June 4, 2022
Hydraulic fracking is a process used to extract “oil, natural gas, geothermal energy, or water from deep underground,” and has especially in recent years been an immensely profitable, popular, and controversial way to extricate fossil fuels in America. [1] The exact process is not relevant to the legal issues surrounding fracking — the only background necessary to understand is that the process involves deep drilling (often around 6,000 feet) the injection of a high-pressure mixture including sand and water — all into the shale located deep underground. There are other processes associated with fracking, which were not given nearly as much an explanation on the pro-fracking website, “Independent Petroleum Association of America.” California Governor Gavin Newsom has called “for state lawmakers to ban the practice by 2024” and has denied the majority of requests for fracking permits in years since 2020 — yet fracking continues in existing wells in the Golden State [2]. This process has had significant legal backlash especially from environmental justice and other activist groups. This article will delve into how opposing viewpoints led to competing lawsuits which ultimately characterize the arguments over fracking in California.
In the California Superior Court of Alameda County in 2021, the Center for Biological Diversity filed a suit against the state of California for lack of sufficient environmental review while it “approv[ed] thousands of oil and gas drilling and fracking projects.” [3] The Center took issue over the permission given the state’s “Environmental Quality Act” which requires “state and local agencies… to disclose, analyze and mitigate a project’s environmental harms before approving oil and gas permits.” Despite such protections existing in state law, according toThe Center, the state has failed to properly conduct studies on the impacts fracking will have on local communities. The goal of this lawsuit (and others like it) is to “force [California Geologic Energy Management Division (CalGEM)] to complete a review of health and environmental impacts before approving future projects.” And the Center is not wrong — court action could bring ongoing and future fracking projects to a sudden halt if deemed illegal, even if the governor gave them permission. The Center’s lawsuit illustrates, often with graphic picture and testimony, the brushed-aside impacts of fracking’s process caused by steam injection and other associated techniques: oil spills, increased CO2 emissions, poor air quality, increased seismic activity, land degradation, groundwater contamination, and much more. [4]
But even though California has been denying many permits in light of lawsuits like these, and voracious outcry from environmental groups, not everyone in the state is pleased with the direction governmental attitude appears to be heading. One county — Kern — has even sued the state for denying recent requests for fracking permits. [5] California had allowed for fracking since 2015, before dramatically reducing the amount of permits in 2020, after public resistance and lawsuits like those coming from the Center for Biological Diversity. An energy company in Bakersfield (which is located in Kern County) filed a suit on behalf of the county, while “[s]tate oil and gas supervisor Uduak-Joe Ntuk” responded saying “he could ‘not in good conscience’ grant the permits ‘given the increasingly urgent climate effects of fossil-fuel production’ and ‘the continuing impacts of climate change and hydraulic fracturing on public health and natural resources.’” But seeing as though California is allowed to handle its climate policies and regulate industries like fracking, it is unlikely that counties, businesses, or other groups have a chance to open up more of the state to fracking without legislative changes. Sure enough, this particular suit was recently tossed out of court “after a Fresno judge ruled last month the filing was misdirected and improperly sought to limit Gov. Gavin Newsom's speech or executive duties.” [6] Kern County’s opposition is a reminder that within these states, there is no one opinion on matters that relate to the environment, especially when jobs and economic prospects are at stake.
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Noah Stark has studied Political Science for 4 years at the University of California, Davis. He plans to attend law school in California in fall 2022, with the intention of becoming an appellate lawyer.
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[1] “Hydraulic Fracturing.” IPAA. Independent Petroleum Association of America, Accessed May 31, 2022. https://www.ipaa.org/fracking/#:~:text=Hydraulic%20fracturing%2C%20or%20%E2%80%9Cfracking%E2%80%9D,or%20water%20from%20deep%20underground.
[2] “California Denies Most Fracking Permits Ahead Of 2024 Ban.” apnews. Associated Press, November 24, 2021. https://apnews.com/article/climate-business-environment-and-nature-california-gavin-newsom-1671bce1013b33ba9013b8c06ac2c645.
[3] “Newsom Administration Sued Over Thousands of Unlawful Oil, Gas Projects.” Biological Diversity. The Center for Biological Diversity, February 24, 2021. https://biologicaldiversity.org/w/news/press-releases/newsom-administration-sued-over-thousands-of-unlawful-oil-gas-projects-2021-02-24/.
[4] Kretzmann, Hollin N., Jones, Elizabeth A., Sivas, Deborah A. “Center For Biological Diversity Complaint For Declaratory And Injunctive Relief.” The California Superior Court
County Of Alameda, February 24, 2021. https://www.biologicaldiversity.org/programs/climate_law_institute/pdfs/Center-v-CalGEM-Complaint.pdf.
[5] “California Has Rejected Dozens of Fracking Permits. But One County Is Now Suing the State Over the Denials.” The Associated Press (KQED). Northern California Public Media, November 25, 2021. https://www.kqed.org/news/11900454/mask-rules-are-changing-again-in-the-bay-area-heres-where-your-county-stands.
[6] Cox, John. “Judge Rejects Kern's Oil Lawsuit as 'SLAPP' Case.” Bakersfield.com. The Bakersfield Californian, May 4, 2022. https://www.bakersfield.com/news/judge-rejects-kerns-oil-lawsuit-as-slapp-case/article_a5aa3dd0-cbe2-11ec-ae31-8f9803d844e5.html.
Photo Credit: Sebastian Dooris
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Big Oil Defeats Attempted Offshore Drilling Ban
Big Oil Defeats Attempted Offshore Drilling Ban
The ECOreport reposts news from the California senate, where Big Oil defeats attempted offshore drilling ban
Originally published on the Daily KOS
by Dan Bacher
offshoreShowing the enormous power of the oil industry in California despite the state’s “green” image, every bill except one opposed by the powerful oil industry has failed to make it out of the state legislature this year and during…
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#alifornia Coastkeeper Alliance#California Chamber of Commerce#California Independent Petroleum Association#Catherine Reheis-Boyd#Chevron#Defenders of Wildlife#Environmental Defense Center#Food and Water Watch#Friends of the Earth#Governor Jerry Brown#Kevin de León#Lorena Gonzalez Fletcher#Oil Lobbyists in California#Pacific Coast Federation of Fishermen’s Associations#President Donald Trump#Ricardo Lara#Sen. Hannah-Beth Jackson#Seventh Generation Advisors#Sierra Club Califronia#US Offshore Oil#Wishtoyo Chumash Foundation.#WSPA
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Excerpt from this EcoWatch story:
Oil executives gathered for a conference laughed about their "unprecedented" access to Trump administration officials, according to a recording obtained by Reveal from the Center for Investigative Reporting.
In the recording, taken at a June 2017 meeting of the Independent Petroleum Association of America (IPAA) at a Ritz-Carlton in Southern California, members expressed excitement about one official in particular: David Bernhardt, who had been nominated that April to be deputy secretary at the Department of Interior (DOI). Bernhardt would be confirmed the following month.
"We know him very well, and we have direct access to him, have conversations with him about issues ranging from federal land access to endangered species, to a lot of issues," IPAA political director Dan Naatz said in the recording.
Bernhardt, who once acted as the association's lawyer, has risen even higher since the recording. He has been acting as interior secretary since former Secretary Ryan Zinke left amid various ethics investigations and has been nominated by President Donald Trump to fill the post permanently. He faces a confirmation hearing before the Senate Energy and Natural Resources Committee March 28.
In the recording, IPAA CEO Barry Russell spoke of work Bernhardt had done for the IPAA to lead a legal group challenging endangered species' rules. "Well, the guy that actually headed up that group is now the No. 2 at Interior," he said. "So that's worked out well." As deputy secretary, Bernhardt pushed to weaken endangered species protections by proposing to allow regulators to consider economic factors before listing species.
The laughter came when Russell described a meeting with then-U.S. Environmental Protection Agency (EPA) head Scott Pruitt, who has since resigned amidst various scandals. Here is the exchange, as transcribed by Reveal:
"Scott Pruitt, he came from Oklahoma, and we have a lot of friends in common and I thought that's what we were going to talk about, we did that for about three minutes," Russell said. "And then he started asking very technical questions about methane, about ozone … and if Scott Pruitt thought he was going to go deep nerd …"
The audience began laughing.
"And what was really great is there was about four or five EPA staffers there, who were all like, 'Write that down, write that down,' all the way through this,'' Russell continued. "And when we left, I said that was just our overview."
The audience laughed again.
"So it's really a new world for us and very, very helpful."
As a lobbyist and lawyer, Bernhardt worked on behalf of around 40 clients, 18 of which were involved in energy. He has been referred to as a "walking conflict of interest" and carries a card with him reminding him of all the former clients he must recuse himself from dealing with directly at the DOI. However, a DOI spokesperson said he had not communicated with Naatz or Russell.
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LEAKED: Recording Reveals Executives Laughing At Trump Access
A recording of oil executives laughing at how much they have access to Trump has been leaked.
"Gathered for a private meeting at a beach-side Ritz-Carlton in Southern California, the oil executives were celebrating a colleague’s sudden rise. David Bernhardt, their former lawyer, had been appointed by President Donald Trump to the powerful No. 2 spot at the Department of the Interior.
Just five months into the Trump era, the energy developers who make up the Independent Petroleum Association of America had already watched the new president order a sweeping overhaul of environmental regulations that were cutting into their bottom lines — rules concerning smog, fracking and endangered species protection.
Dan Naatz, the association’s political director, told the conference room audience of about 100 executives that Bernhardt’s new role meant their priorities would be heard at the highest levels of Interior.
“We know him very well, and we have direct access to him, have conversations with him about issues ranging from federal land access to endangered species, to a lot of issues,” Naatz said, according to an hourlong recording of the June 2017 event in Laguna Niguel provided to Reveal from The Center for Investigative Reporting."
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#NationalInternDay: Celebrating the next generation of BLMers
Happy National Intern Day! Today we’re sharing some of the awesome internship opportunities that are available with the BLM with our partners, so take a look at the exciting work that our interns are doing for your public lands. The BLM offers internships that provide jobs and job training opportunities in local communities. Internships bringing diverse viewpoints into the bureau through a new generation of conservation leaders. Working individually or as part of a team or crew, BLM interns participate in the shared stewardship of public lands: building trails and enhancing recreational facilities, restoring habitat damaged by wildland fire and much more- all the while supporting BLM's multiple-use mission.
Interested in an internship? Our partner organizations recruit interns for BLM internships across the nation: American Conservation Experience (ACE), Environment for the Americas (EFTA), Greening Youth Foundation (GYF), Geological Society of America (GEOCORPS), Hispanic Association of Colleges and Universities (HACU), INROADS, Minorities in Agriculture, Natural Resources and Related Sciences (MANRRS) and Southern Utah University (SUU).
Emma Lane, Southern Utah University
BLM California
As an outdoor recreation intern at BLM California’s Bakersfield Field Office, Emma Lane’s duties are varied and exciting. Emma regularly visits the different recreation areas on public lands to check on facilities, interact with the public and educate visitors about fire restrictions, safety and Leave No Trace outdoor ethics.
Outreach with the public is another part of her internship that Emma is particularly excited about. Emma has been planning a family event in August at the Keysville Special Recreation Management Area. Participants in the event will have the opportunity to learn about mining history, local Native American history and language, native plants, plus gold panning demonstrations and a walking tour of the historic cabins in the area. Planning such an involved event has been a challenge, Emma says, but has been a great opportunity to coordinate and project manage. Stay tuned for more event details!
Emma comes from the Kern River Valley, a small town in the southern Sierra Nevada mountains full of outdoor recreation (her personal favorite: whitewater rafting). Growing up she spent many summers playing on the Kern River, learning about the outdoors and gaining an appreciation for recreation opportunities in her community.
Emma studies at Utah State University, studying agricultural communication and journalism, and minoring in environmental studies she is combining both her love for the outdoors and her passion for the agriculture industry.
Tyesha Butler, Greening Youth Foundation
BLM Eastern States
Tyesha Butler interns for the Bureau of Land Management in Washington, D.C. as a management assistant intern for BLM Eastern States. Through her internship, she has visited several sites, attended a BLM Wild Horse and Burro adoption event, assisted with updates to budgetary documents and shadowed the BLM Eastern States Deputy State Director on site visits to Jackson, Mississippi and Milwaukee, Wisconsin. Tyesha has learned many aspects about land management, and looks forward to continuing to learn and making more memories here at the BLM. Tyesha is from North Carolina and goes to North Carolina A&T State University.
Ismael Ramirez,
BLM California
Ismael Ramirez is a botany intern for the BLM California Bakersfield Office, and assists the Office’s Natural Resource Department with conducting research on the Saltcedar leaf beetle as a biological control for the invasive tamarisk tree.
“When I'm not doing research I am going out in the field with our biologists, rangeland technicians, outdoor recreation planners, archaeologists or maintenance staff to help them with their projects and gaining valuable perspectives on how the federal government manages public lands,” Ismael says.
A native of El Centro, California, Ismael grew up in the Imperial Valley- a desert environment turned into an agricultural community. “Being surrounded by miles of agriculture, desert and the Salton Sea has given me a great perspective on the balance between human development and environmental responsibility.”
Amanda Eavenson, Minorities in Agriculture, Natural Resources and Related Sciences
BLM New Mexico
Amanda Eavenson is a recent graduate from Eastern New Mexico University, where she graduated with a Bachelor of Science in Environmental Science with a minor in Geology. She is currently interning as a natural resource specialist in New Mexico at the BLM’s Carlsbad Field office. Throughout college she has had a few internships, but so far her time with the BLM-CFO has been her favorite.
During the first half of the internship, her and her fellow interns had the opportunity to experience what each department is responsible for in the Carlsbad area. Out of all of their time in the field and in the office with each department, Amanda’s favorite was when the interns were taken on a mine tour of Mosaic Mines. While she was not out with other departments, she worked closely with fellow Natural Resource Specialists to write environmental assessments for sundries as well as an application for a permit to drill; she also would go out into the field to help complete onsite visits for applications for a permit to drill. Amanda has really enjoyed her internship so far and hopes to find a position working for the Bureau of Land Management in the future.
Samuel Wilhelm, American Conservation Experience
BLM Wyoming
As a geologist intern with the BLM’s National Minerals Testing Laboratory in Wyoming, Sam’s duties revolve around the bureau’s mining interests. He frequently tests mineral and rock samples from around the country, using advanced testing methods: such as Scanning Electron Microscope analysis, X-Ray Diffraction, and magnetic separation. Testing these rock samples is done to get more in-depth, geologic information about each sample. This can be useful to the BLM mining or petroleum divisions in helping to answer possible questions: perhaps about the permeability or porosity of an oil well formation, or just give useful information about a rock formation with potential for mining. Working for the BLM Wyoming Worland Field Office, Sam has helped identify mineral beds - namely bentonite - and survey multiple mining claim corners within the region.
Understanding mining laws and statutes, as well as the reporting process, is a vital skill in a lab that utilizes certified mineral examiners. The internship’s focus has primarily been on preparing, testing and reporting on samples from BLM California’s State Office. In the coming weeks, Sam will be attending a fire assay course in Montana to further develop his mineral and metallurgy skills in order to help the lab perform future tests.
Sanara Brock, Great Basin Institute
BLM Wyoming
Sanara has worked as a Rangeland Technician with the BLM Wyoming Casper Field Office, through the Great Basin Institute every summer since 2015. She is a huge outdoor enthusiast, and really loves all aspects of her job. In the summer, Sanara leads teams of other interns to spray hundreds of acres of noxious and invasive weed species, repair miles of broken and downed fence lines, aid in class 3 archaeological studies and inspect troughs and place bird ramps as needed.
She also helps with rangeland monitoring, project inspections and supervision reports in the summer. Sanara enjoys planning and preparing for the day-to-day duties of the crew and making sure we meet or exceed the goals of the rangeland management ppecialists. She gets to go to really remote places and help with projects. Within the last year, she has helped relocate a golden eagle nest from an oil and gas tank battery to a natural substrate, helped the BLM forester cut down Christmas trees for the Trails Center, and has conducted surveys for Ute Ladies’- Tresses with the wildlife biologists. In the winter, she spent the cold days meeting with grazing lessees (mostly ranchers) helping them with transfers and renewals of leases. She has case files in order to meet specific land law regulations, updated online databases, as well as splitting, editing and creating new allotments on the statewide Enterprise SDE geodatabase. Never a dull moment!
Sanara graduated from the University of Wyoming with a bachelor’s degree in biology. Her father was in the military so she grew up around the world, but now calls Wyoming home.
Daniel Beyer
BLM Wyoming
Daniel says his experience as a forestry intern has been incredible. Its foundation in field-based learning and on-the-ground experiences have quickly brought him up to speed with all things related to forest management. Now I am applying what I have learned and have started to work directly with my mentor to ensure healthy forest development and manage forest product sales. There is a healthy balance between working directly with her and working independently so that they can tackle the ever-growing workload. Working out of both Casper and Buffalo Field Offices, there is a lot of ground for us to cover and an even greater number of tasks to complete each day.
Daniel works to set up and monitor public firewood sales, as well as establish areas for contracted timber harvests. He helps establish new access routes and walk timber stands with contractors who will ultimately perform the job in the area according to the statement of work. Due to the multiple uses of public lands under the Bureau of Land Management, he has collaborated with wildlife biologists, hydrologists, range specialists, archaeologists, recreation specialists and geologists to ensure forestry actions do not adversely affect the ecosystem as a whole. This opportunity has allowed him to see all aspects of forestry, instead of merely focusing on one. He says his time as an intern has and will continue to be an invaluable step in the development of his professional career.
Daniel is originally from Eagle, Wisconsin and earned a liberal arts degree in biology from the College of Saint Benedict and Saint John’s University.
Joseph Iglesias, American Conservation Experience
BLM Eastern States
Joseph Iglesias is a geographic information specialist intern for BLM Eastern States. A recent graduate from George Mason University in December 2017, Joseph studied geography and GIS and minored in intelligence analysis. Through his internship at the BLM, he has been working on researching and creating ESRI story maps, an interactive tool that uses geography to tell a story. Joseph’s main project is to work on a story map that uses General Land Office survey plats to reconstruct an era in United States history: the Johnson County War.
The original survey plat is located on the Powder River in southeastern Johnson County, Wyoming near the T.A. Ranch. Located between the Bighorn Mountains to the west and the Black Hills to the east, this area was prime rangeland for grazing cattle. Wyoming’s economy was driven almost entirely by the cattle industry during the latter half of the 19th Century, and the northern edge of open range stretched all the way to Texas. That began to change in the late 1870s when homesteading became more prevalent. These settlers, under the conditions set in the Homestead Act of 1862, were primarily farmers and cattle rustlers. As more and more farms appeared, the open range began to disappear. Tension over grazing and water rights between the cattle barons and settlers began to escalate until finally a range war broke out in 1892.
This conflict came to be known as the Johnson County War. Hostilities began when a group of around 50 gunmen, all of whom were hired by the cattle barons, traveled north from Cheyenne and “invaded” Johnson County. As directed by their employers, the hit men were to murder 70 individuals whom the cattle barons considered to be a threat.
After roughly six months into the conflict, the group was finally surrounded at T.A. Ranch by up to 400 local farmers and rustlers. Fortunately for the hit men, a U.S. cavalry regiment (which President Benjamin Harrison had ordered be deployed to restore order) intervened and convinced the locals to disband.
Chad Ennis, American Conservation Experience
BLM Eastern States
As a GIS specialist intern in the BLM's Eastern States office in Washington, D.C., Chad Ennis has been introduced to several different projects that are currently underway at the BLM Eastern States. Working on different projects has proved to be the best way to learn how the BLM's mission is carried out. Through this position, Chad is able to learn about the future of where the BLM is heading as well as the important role it has historically played in managing public lands.
Chad is a recent graduate of Frostburg State University in Frostburg, Maryland. As a geography major, he has found this internship position to be the perfect opportunity to apply his skills and interest in mapping sciences.
One interesting project Chad has worked on which combines new technology and the BLM's historical records has been to use a ArcGIS Online story maps using historical plats dating back to the 19th century. In order to increase public awareness of the BLM and its mission, it is important to showcase its work and historical significance. This research-intensive project is an example of how significant the BLM is in preserving America's history, because many of its survey plats allow us to look at the location of some of the country's earliest settlements.
Mackensie Swift, American Conservation Experience
BLM California
Mackensie Swift is a summer intern at BLM California’s Central Coast Field Office in Marina, California. During her internship with the BLM, she is working on a characterization project of the San Benito River in central California’s Diablo Range. Due to the area’s unique geology and riverbed, the focus of the project is to gain insight on how geology is affecting the geochemistry of the groundwater that is flowing through the San Benito River drainage system.
Mackensie will begin her senior year at the University of Wyoming this fall and will graduate next spring with a dual degree in environmental geology and geohydrology.
“My interest in water has inspired me to pursue a career in hydrology because fresh, clean water will be one of the most sought after resources in the near future,” says Mackensie when reflecting on her career goals.
#internships#BLMinterns#bureau of land management#careers#jobs#BLMcareers#job development#education#higher education#higher ed#science#STEM#environment#geology#botany#hydrology#technology#conservation#history#recreation#outdoors
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LA County moves to ban oil and gas drilling
When it comes to blocking oil and gas drilling, the Golden State has sometimes fallen short of its deep green reputation. But that may be changing after supervisors in Los Angeles County unanimously voted on Wednesday to end oil and gas drilling in the county’s unincorporated areas.
The move puts the nation’s most populous county on the path to becoming the first in the U.S. to ban existing oil and gas drilling. Supervisor Holly Mitchell, who made the motion along with Supervisor Sheila Kuehl, said the measure would help address climate and equity issues. Though there is not yet a timeline for revoking existing drilling permits, the vote could take more than 1,600 oil wells offline, including those that are located in the expansive Inglewood Oil Field, one of the largest urban drilling sites in the country.
“There are tens of thousands of people who live in very close proximity to oil wells, 73 percent of whom are people of color,” Mitchell told the Washington Post.
State Senator Holly Mitchell, who introduced the motion to phase out oil and gas drilling in L.A. County’s unincorporated areas.
AP Photo / Damien Dovarganes
Community members living near the Inglewood Oil Field have long raised concerns about its potential impact on their health, pointing to studies that link oil and gas infrastructure to higher rates of asthma attacks, cancer, general hospitalization, high-risk pregnancies, and preterm birth. According to one analysis from the Center for Biological Diversity, oil and gas wells within 1,500 feet of L.A. County homes, schools, and health care facilities emitted hazardous air pollutants 483 times between June 2013 and February 2017. In April, a spill at the Inglewood Oil Field leaked more than 1,600 gallons of oil into nearby neighborhoods. (Spills were also reported at Inglewood in 2018 and 2019.)
“There’s no safe distance between a community and these explosions or leaks,” said Martha Dina Arguëllo, executive director of Physicians for Social Responsibility L.A. She added that the recent vote from the L.A. County Board of Supervisors was “a clear message to communities that their lungs and their health is valued.”
The California Independent Petroleum Association disagreed with that interpretation. In a letter sent to the L.A. County Board of Supervisors and forwarded to Livescience.Tech in response to a request for comment, the group — which counts some 500 of the state’s oil and gas companies among its members — said the move would make California more reliant on imported oil, raise gas prices, and eliminate hundreds of jobs in the fossil fuel industry.
Environmental advocacy groups, however, saw the Los Angeles County vote as an important step toward getting California to wind down the state’s oil and gas industry. For years, many activists have been frustrated with statewide failures to meaningfully regulate and peter out California’s oil and gas industry. Even though Governor Gavin Newsom has publicly called for more urgent climate action — he famously called global warming a “climate damn emergency” after visiting a Butte County fire zone in 2020 — his administration has approved more than 9,000 oil and gas permits on state lands, and has been slow to phase out hydraulic fracturing, also known as fracking.
According to Kassie Siegel, director of the Center for Biological Diversity’s Climate Law Institute, these so-called “failures” began far before Newom’s tenure as governor. “Over the past 150 years, the oil and gas industry has been allowed to drill at will,” she told Livescience.Tech. “They do what they want, and the state has rolled out the red carpet for them.”
Meanwhile, environmental groups have also criticized state lawmakers for not requiring setbacks — a minimum distance between drilling operations and the places where people live, work, and play. Other oil-producing states including Louisiana, Maryland, Illinois, Colorado, Pennsylvania, Wyoming, and Texas already require setbacks for many populated areas, but California has not yet followed suit. In the past two years alone, two statewide efforts to impose setbacks — AB 345 in 2020 and SB 467 earlier this year — were rejected by the California Senate Committee on Natural Resources on Water.
Some advocates say these roadblocks are a result of the oil industry’s aggressive lobbying. The state’s top four oil industry lobbying groups pumped more than $10 million in lobbying dollars into California politics in 2020 alone, and many of the abstentions or downvotes on the setbacks came from state senators who have received thousands of campaign dollars from the oil and gas industry during their careers. California legislators are “unwilling to act on environmental justice and prioritize communities over polluters, said Caroline Henderson, a senior climate campaigner for Greenpeace, in a statement following the failure of SB 467.
The L.A. County vote may be an expression of that frustration, according to Siegel. Where statewide action has stalled, she said, several county and municipal lawmakers are stepping up. Counties like Monterey, Alameda, Santa Cruz, San Benito, Mendocino, and Butte all moved to ban fracking in their jurisdictions years ago, even before Newsom was governor. More recently, cities including Petaluma, Arvin, Los Angeles, and Santa Cruz have either passed setback requirements or blocked plans for new fossil fuel infrastructure projects. One of the most far-reaching moves came from Culver City in 2020, when the city council unanimously voted to phase out oil and gas production and enact a just transition for industry workers within five years.
“These local leaders have decided to stand up to the oil industry and protect people rather than polluters,” Siegel said.
However, she and others stressed that municipalities are not political monoliths on this issue. Maro Kakoussian, the air and climate justice associate for Physicians for Social Responsibility L.A., noted that a coalition of environmental justice organizations had been pushing for an oil and gas phaseout in the City of Los Angeles for nearly seven years. “The L.A. City has failed to move with the clarity and focus that the Board of Supervisors brought yesterday,” she said.
While Arguëllo of Physicians for Social Responsibility L.A sees the county vote as progress, she added that local action is no substitute for more far-reaching measures at the state level.
“We need real commitments to stop issuing permits and institute setbacks as an immediate protection for public health,” she said. “Now is the moment to get serious about this goal to stop oil drilling in the state of California and set up a just transition for oil workers that incorporates protections for communities where they live and breathe.”
This story was originally published by Livescience.Tech with the headline LA County moves to ban oil and gas drilling on Sep 17, 2021.
New post published on: https://livescience.tech/2021/09/18/la-county-moves-to-ban-oil-and-gas-drilling/
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pegasus-apartments from Corey Chambers on Vimeo.
612 S Flower St, Los Angeles CA 90017 | Blog Video
The Pegasus building in Downtown Los Angeles has been a hot topic lately. Possibly because it now has a platform to help find roommates, making it easier, more affordable to live in a luxury high-rise with character, on a budget of around $1,000 a month.
While previously more famous as a mythical creature, later as Mobil corporate offices, Pegasus is an historic 1949 landmark, formerly known as The General Petroleum Building. The apartments combine rare style, convenience and value at a single Financial District destination just septs away from THE BLOC, along with access to the best of downtown’s bars, restaurants and shops. The Metro stop is around the corner, and LA Live is down the street. Within these smoke-free homes, 9-foot ceilings and large bi-fold windows create an open and airy ambiance.
Apartment units include: Stainless Steel Appliances; Granite Countertops; Downtown Views; Washer and Dryer In-home; Central AC and Heat; and renovated units are available. The pet-friendly space is further enhanced by espresso toned floors and granite countertops. Stay fit and fun in the 24-hour rooftop fitness center and swimming pool. The largest pool in all of downtown LA, it offers truly stunning views. Residents have exclusive access to the Standard Hotel next door. From the amenities to the location, the experience at Pegasus has no equal. For future residents, valet parking is available off of Flower Street.
Building amenities includes: Rooftop BBQ and Grilling; Underground Parking Garage; 24-hour Attended Front Desk; Dry Cleaning Locker Service; 24-hour Rooftop Fitness Center; Laundry Facility; Business Center; Rentable Storage Available; Controlled Access; Concierge Service Package Service with Notifications; Minutes from THE BLOC; Chase Bank On-site; Public School 213 Restaurant On-site; Big Sugar Bakeshop On-site; Zipcar Vehicles On-site; Rentable Lounge Space.
Get information on the famous 3-Hour Loft Tour. Fill out the online form.
Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.
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Pfizer, Alibaba, Amazon, Alphabet and Qualcomm in Focus
Monday (February 1)
Tuesday (February 2)
Wednesday (February 3)
Thursday (February 4)
Friday (February 5)
Earnings Calendar For The Week Of February 1
Monday (February 1)
IN THE SPOTLIGHT: VERTEX PHARMACEUTICALS, NXP SEMICONDUCTORS, ON SEMICONDUCTOR
VERTEX PHARMACEUTICALS: The biopharmaceutical company is expected to report a profit of $2.55 in the fourth quarter, which represents year-over-year growth of 50% from the same quarter a year ago when the company reported $1.70 cents per share.
However, Wall Street forecasts the company’s revenue to grow about 12% to $1.58 billion.
“Q4 estimates for Vertex‘s CF franchise appear achievable based on recent trends. With industry-leading growth and its fundamentals largely intact despite COVID-19, we expect the current dislocation between Vertex Pharmaceuticals’ (VRTX) trading price and the value of its CF franchise to be only temporary. We would use the recent stock weakness to build a position,” said equity analysts at Cowen and Company, who also gave a price target of $300.
NXP SEMICONDUCTORS: Eindhoven, Netherlands-based semiconductor manufacturer will post earnings of $2.11 per share in the December quarter on revenue of $2.46 billion, up from $1.98 per share on revenue of $2.30 billion same quarter last year. For the December quarter, the forecasts revenue in the range of $2.375-$2.525 billion which, at the midpoint, represents growth of 8% sequentially and 6% year-over-year.
“Management remains upbeat about near-term demand, including 2021, especially regarding its mobile chip business as the firm’s ultra-wideband connectivity solutions are rapidly gaining adoption within newer smartphones. We raise our fair value estimate to $150 from $130, and with shares trading around $134, we view shares as slightly undervalued,” said equity analysts at Cowen and Company.
ON SEMICONDUCTOR: Phoenix, Arizona-based semiconductors supplier company will post earnings of $0.28 per share for last quarter of 2020. The revenue is expected to slump 3.0% on a year-over-year basis.
Story continues
TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE FEBRUARY 1
Ticker
Company
EPS Forecast
TMO
Thermo Fisher Scientific
$6.52
OTIS
Otis Worldwide Corp
$0.59
RYAAY
Ryanair
-$1.11
ON
ON Semiconductor
$0.28
AEIS
Advanced Energy Industries
$1.34
ITUB
Itau Unibanco
$0.10
CACC
Credit Acceptance
$7.22
WWD
Woodward
$0.68
NXPI
NXP Semiconductors
$2.11
RMBS
Rambus
$0.25
ARE
Alexandria Real Estate Equities
$0.48
KRC
Kilroy Realty
$0.36
CRUS
Cirrus Logic
$1.86
OMCL
Omnicell
$0.80
KMPR
Kemper
$1.55
PCH
Potlatch
$1.37
KMT
Kennametal
$0.09
FN
Fabrinet
$1.04
IBTX
Independent Bank
$1.33
CBT
Cabot
$0.87
VRTX
Vertex Pharmaceuticals
$2.55
BKRKY
Bank Rakyat
$0.17
BECN
Beacon Roofing Supply
$0.63
LBRDK
Liberty Broadband Lbrdk
$1.06
IX
Orix
$1.95
RBC
Regal Beloit Corporation
$1.57
MFG
Mizuho Financial
$0.08
Tuesday (February 2)
IN THE SPOTLIGHT: PFIZER, ALIBABA, AMAZON, ALPHABET
PFIZER: The world’s largest pharmaceutical giant is expected to report a profit of $0.52 in the fourth quarter, which represents a year-over-year decline of about 5.4% from the same quarter last year when the company reported $0.55 per share.
The pharmaceutical company, which ranked 64th on the 2020 Fortune 500 list of the largest U.S. corporations by total revenue, will report revenue of $12.85 billion, up 1.3% from the year-ago quarter. According to chief executive officer Albert Bourla, Pfizer is likely to post this year’s earnings in the range of $3 to $3.10 per share.
“We lowered our 4Qe revenue by 5% from $11.6B to $11.0B and EPS by 6% from $0.40 to $0.38 to reflect lower doses delivered in 4Q. We lowered our 4Q COVID vaccine revenues from $683M to $150M (assuming $19.50/dose). Our prior model assumed 35M doses, which we lowered to 7.7M doses based upon CDC distribution allocations,” said David Risinger, equity analyst at Morgan Stanley.
“Our 4Q projections are well below consensus, but we do not see 4Q results as a stock driver given all of the confounding factors. We are instead focused on management’s 2021 targets.”
ALIBABA: The largest online and mobile e-commerce company in the world is expected to earn $2.65 per share for the third quarter, according to equities analysts at Oppenheimer. Oppenheimer also set EPS estimates for FY2021 at $7.48 and FY2022 at $9.33.
The Chinese multinational technology company has surpassed consensus estimates with an average of about 25% in all four previous quarters.
“We expect healthy GMV growth of 16% to drive core of core revenue growth of 18% on better monetization, but slower adjusted EBITA growth of 11% due to continued investment in new initiatives. Stay Overweight on F2022e non-GAAP P/E of 19x; lower price target to $320,” said Gary Yu, equity analyst at Morgan Stanley.
“We forecast total revenue of Rmb216bn (+33.8% YoY, +39.3% QoQ), non-GAAP EBITA of Rmb61.5bn (+21.4% YoY, +49.2% QoQ) with margin at 28.5% and non-GAAP net profit of Rmb57.2bn (+17.7% YoY, +16.1% QoQ) with margin at 26.5%.”
AMAZON: The eCommerce leader for physical and digital merchandise is expected to report a profit of $7.16 in the fourth quarter, which represents a year-over-year decline of over 10% from the same quarter last year when the company reported $6.47 per share.
The Seattle, Washington-based multinational technology giant will report revenue of $120.4 billion, up over 37% from the year-ago quarter. The company expects net sales between $112- $121 billion during the quarter.
“Amazon‘s high-margin businesses continue to allow Amazon to drive greater profitability while still continuing to invest (last-mile delivery, fulfilment, Prime Now, Fresh, Prime digital content, Alexa/Echo, India, AWS, etc),” noted Brian Nowak, equity analyst at Morgan Stanley.
“Amazon Prime membership growth drives recurring revenue and a positive mix shift. Cloud adoption hitting an inflection point. Advertising serves as a key area for both further growth potential and profitability flow-through.”
ALPHABET: The parent of Google and the world’s largest search engine, which dominates Internet search activity globally will post earnings of $15.68 per share for last quarter of 2020. The consensus mark for revenues is pegged at $44.09 billion, implying growth of 17.3% from the year-ago reported figure, according to ZACKS Research.
TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE FEBRUARY 2
Ticker
Company
EPS Forecast
HOG
Harley Davidson
$0.21
WAT
Waters
$2.87
ST
Sensata Technologies
$0.78
HUBB
Hubbell
$1.76
LITE
Lumentum Holdings Inc
$1.89
AMG
Affiliated Managers
$3.68
HAE
Haemonetics
$0.65
MAN
ManpowerGroup
$1.14
GPK
Graphic Packaging
$0.27
ABG
Asbury Automotive
$4.11
ATHM
Autohome
$9.54
MDC
MDC
$1.73
PFE
Pfizer
$0.52
XOM
Exxon Mobil
$0.01
UPS
United Parcel Service
$2.14
BP
BP
$0.08
HCA
HCA
$3.57
RACE
Ferrari
$1.24
EMR
Emerson Electric
$0.68
ETN
Eaton
$1.21
COP
ConocoPhillips
-$0.25
IDXX
Idexx Laboratories
$1.39
SYY
Sysco
$0.34
MCK
McKesson
$4.14
MPC
Marathon Petroleum
-$1.27
SIRI
Sirius XM
$0.06
MPLX
MPLX
$0.63
CTLT
Catalent
$0.55
BR
Broadridge Financial Solutions
$0.71
ENTG
Entegris
$0.66
TECH
Bio Techne
$1.37
BEN
Franklin Resources
$0.72
LII
Lennox International
$2.65
MMP
Magellan Midstream Partners
$0.85
BABA
Alibaba
$20.59
SANM
Sanmina
$0.81
MTCH
Match Group
$0.50
DOX
Amdocs
$1.14
MANH
Manhattan Associates
$0.32
POWI
Power Integrations
$0.44
MKL
Markel
$9.04
TENB
Tenable Holdings Inc
$0.05
FEYE
FireEye
$0.10
EPAY
Bottomline Technologies
$0.28
ATGE
Adtalem Global Education Inc
$0.67
MRCY
Mercury Systems
$0.51
BRKS
Brooks Automation USA
$0.42
GL
Globe Life Inc
$1.72
APAM
Artisan Partners Asset Management
$1.02
AMGN
Amgen
$3.39
CB
Chubb
$2.82
EA
Electronic Arts EA
$2.94
CMG
Chipotle Mexican Grill
$3.73
PKI
PerkinElmer
$2.95
STE
Steris
$1.52
AMCR
Amcor PLC
$0.17
FBHS
Fortune Brands Home Security
$1.16
ATO
Atmos Energy
$1.57
BCH
Banco De Chile
$0.31
AMZN
Amazon
$7.16
GOOG
Alphabet
$15.70
GOOGL
Alphabet
$15.68
SMFG
Sumitomo Mitsui Financial
$0.19
ASEKY
Aisin Seiki Co
$1.19
SNE
Sony
$0.80
RCL
Royal Caribbean Cruises
-$5.04
TDG
TransDigm
$2.09
IT
Gartner
$0.82
QGEN
Qiagen
$0.66
NPSKY
NSK ADR
$0.19
JKHY
Jack Henry Associates
$0.88
IPHI
Inphi
$0.88
SWI
Solarwinds
$0.25
BDC
Belden
$0.75
ILMN
Illumina
$1.10
BP
BP
£0.01
Wednesday (February 3)
IN THE SPOTLIGHT: QUALCOMM
QUALCOMM: San Diego, California-based multinational corporation that creates an intellectual property, semiconductors, software, and services related to wireless technology is expected to report a profit of $2.10 in the fiscal first quarter, which represents year-over-year growth of over 110% from the same quarter last year when the company reported $0.99 per share.
The semiconductor company will report revenue of $80.3 billion, up over 60% from the year-ago quarter.
“We see an improvement in smartphone demand in 2021 after declining 5% in 2020 due to COVID-19. We also see 5G adding greater dollar content and supporting industry-wide handset volume growth. Qualcomm’s (QCOM) leadership in cellular technologies (3G/4G/5G) puts the company in a favourable position to maintain leading market share,” wrote Joseph Moore, equity analyst at Morgan Stanley.
“The potential elimination of a major competitor in the Chinese market, HiSilicon, should benefit QCOM as Huawei currently does not pay royalties. To the extent competitors that do pay royalties are able to pick up market share, that would be beneficial for QCOM.”
TAKE A LOOK AT OUR EARNINGS CALENDAR FOR THE FULL RELEASES FOR THE FEBRUARY 3
Ticker
Company
EPS Forecast
ABBV
AbbVie
$2.85
LAD
Lithia Motors
$5.23
APTV
Aptiv PLC
$1.01
HUM
Humana
-$2.37
BIP
Brookfield Infrastructure
$0.10
HWM
Howmet Aerospace Inc
$0.17
GWW
Grainger
$3.84
SC
Santander Consumer USA
$1.10
BIIB
Biogen
$4.75
CHKP
Check Point Software Technologies
$2.11
LFUS
Littelfuse
$1.58
BSX
Boston Scientific
$0.31
DT
Dynatrace Holdings
$0.13
SPOT
Spotify
-$0.53
APO
Apollo Global Management
$0.50
INGR
Ingredion
$1.46
SMG
Scotts Miracle-Gro
-$0.77
CPRI
Capri Holdings Ltd
$0.97
MSGS
Madison Square Garden Sports
-$1.67
EVR
Evercore Partners
$1.93
EPD
Enterprise Products Partners
$0.50
SLAB
Silicon Laboratories
$0.74
ASH
Ashland
$0.69
MUSA
Murphy USA
$2.14
ALGT
Allegiant Travel
-$2.27
BSMX
Santander Mexico Fincl Gp Sab Decv
$0.14
CENTA
Central Garden Pet
-$0.01
RGLD
Royal Gold Usa)
$0.86
ALGN
Align Technology
$2.14
AXTA
Axalta Coating Systems
$0.43
THG
Hanover
$2.34
AFL
Aflac
$1.05
KLAC
KLA-Tencor
$3.18
MAA
Mid-America Apartment Communities
$0.59
GRUB
GrubHub
$0.07
AVB
AvalonBay Communities
$0.85
CTSH
Cognizant Technology Solutions
$0.90
VVV
Valvoline Inc
$0.37
RYN
Rayonier
$0.05
QCOM
Qualcomm
$2.10
LNC
Lincoln National
$1.92
MET
MetLife
$1.52
CTVA
Corteva Inc
-$0.05
UHAL
Amerco
$0.12
QRVO
Qorvo
$2.66
MXL
MaxLinear
$0.36
ANGI
Angie’s List
-$0.02
HI
Hillenbrand
$0.73
CCMP
Cabot Microelectronics
$1.73
UGI
UGI
$1.13
KLIC
Kulicke And Soffa Industries
$0.71
AFG
American Financial
$2.13
IEX
IDEX
$1.31
FORM
FormFactor
$0.39
EBAY
eBay
$0.83
MITSY
Mitsui & Company
$7.96
LGND
Ligand Pharmaceuticals
$0.99
RAMP
Liveramp Holdings Inc
$0.06
NVO
Novo Nordisk A Fs
$0.60
TMHC
Taylor Morrison Home
$0.82
AVY
Avery Dennison
$2.08
SAVE
Spirit Airlines
-$1.40
GSK
Glaxosmithkline
$0.62
IRBT
Irobot
$0.21
COTY
Coty
$0.09
PAG
Penske Automotive
$2.11
COHR
Coherent
$0.78
DTE
DTE Energy
$1.33
ENSG
Ensign
$0.79
FLO
Flowers Foods
$0.24
SKM
Sk Telecom
$0.22
IBA
Industrias Bachoco Sab De Cv
$0.63
NEU
NewMarket
$5.60
BBD
Banco Bradesco
$0.11
PYPL
PayPal
$1.00
NMR
Nomura
$0.18
BSBR
Banco Santander Brasil
$0.17
SAN
Banco Santander
$0.06
Thursday (February 4)
Ticker
Company
EPS Forecast
GPI
Group 1 Automotive
$5.94
ALXN
Alexion Pharmaceuticals
$2.58
NYT
New York Times
$0.34
BCE
BCE (USA)
$0.59
BMY
Bristol-Myers Squibb
$1.41
NJR
New Jersey Resources
$0.46
PM
Philip Morris International
$1.21
CMI
Cummins
$2.80
TPR
Tapestry Inc
$0.99
ARW
Arrow Electronics
$2.67
CMS
CMS Energy Corporation
$0.55
BAX
Baxter International
$0.75
YUM
Yum Brands
$1.01
CG
Carlyle
$0.44
CLX
Clorox
$1.77
AGCO
AGCO
$1.12
MPW
Medical Properties
$0.27
ABB
ABB
$0.18
JHG
Janus Henderson Group PLC
$0.73
CI
Cigna
$3.66
MMS
Maximus
$0.91
MRK
Merck & Co
$1.38
WEC
Wisconsin Energy
$0.73
XYL
Xylem
$0.68
TW
Towers Watson
$0.33
PENN
Penn National Gaming
$0.26
HSY
Hershey
$1.43
PH
Parker-Hannifin
$2.60
ICE
Intercontinental Exchange
$1.08
BSAC
Banco Santander Chile
$0.34
RL
Ralph Lauren
$1.64
SNA
Snap-On
$2.94
DGX
Quest Diagnostics
$3.98
ODFL
Old Dominion Freight Line
$1.57
COR
CoreSite Realty
$0.45
WD
Walker & Dunlop
$1.47
TKR
Timken
$0.92
IP
International Paper
$0.81
AME
Ametek
$1.03
BLL
Ball
$0.78
PBH
Prestige Brands
$0.77
ABC
AmerisourceBergen
$1.94
APD
Air Products & Chemicals
$2.18
LEA
Lear
$3.43
LANC
Lancaster Colony
$1.48
PTON
Peloton Interactive, Inc.
$0.08
SU
Suncor Energy USA
-$0.17
SKX
Skechers USA
$0.32
MTD
Mettler Toledo International
$8.72
PCTY
Paylocity
$0.25
ARWR
Arrowhead Research
-$0.22
SNAP
Snap
-$0.07
FTV
Fortive Corp
$0.62
NWSA
News Corp
$0.09
DECK
Deckers Outdoor
$7.06
EXPO
Exponent
$0.28
FTNT
Fortinet
$0.97
ALL
Allstate
$3.83
MDU
MDU Resources
$0.54
SYNA
Synaptics
$2.13
TDC
Teradata
$0.25
FLT
Fleetcor Technologies
$2.82
NBIX
Neurocrine Biosciences
$0.59
POST
Post
$0.71
CSL
Carlisle Companies
$1.16
NOV
National Oilwell Varco
-$0.14
GILD
Gilead Sciences
$2.01
WERN
Werner
$0.78
ESS
Essex Property
$1.02
CPT
Camden Property
$0.35
MPWR
Monolithic Power Systems
$1.24
WWE
World Wrestling Entertainment
$0.29
LPLA
LPL Financial
$1.33
OFC
Orate Office Properties
$0.38
ZEN
Zendesk
$0.15
MTX
Minerals Technologies
$0.91
PFPT
Proofpoint
$0.42
MSI
Motorola Solutions Msi
$2.74
COLM
Columbia Sportswear
$1.24
ATVI
Activision Blizzard
$1.17
F
Ford Motor
-$0.08
UNM
Unum
$1.19
HIG
Hartford Financial Services
$1.33
PRU
Prudential Financial
$2.57
DXC
DXC Technology Co
$0.54
KB
Kb Financial
$1.50
CHT
Chunghwa Telecom
$0.36
MCHP
Microchip Technology
$1.58
NWS
News
$0.09
AIV
Apartment
$0.67
SSUMY
Sumitomo ADR
$0.26
DB
Deutsche Bank
-$0.03
OHI
Omega Healthcare Investors
$0.41
KWHIY
Kawasaki Heavy Industries ADR
-$0.18
PFSI
Pennymac Financial Services
$5.90
TRNO
Terreno Realty
$0.37
BCO
Brinks
$1.04
VSAT
Viasat
$0.02
YAMCY
Yamaha DRC
$0.47
RDSA
Royal Dutch Shell
£0.17
NRZ
New Residential Investment
$0.33
RICOY
Ricoh Company
-$0.06
WYNN
Wynn Resorts
-$2.29
ITOCY
Itochu ADR
$1.87
TOT
Total
$0.46
MYGN
Myriad Genetics
-$0.12
BDX
Becton, Dickinson and Co.
$3.07
ARNC
Arconic Inc
$0.32
TM
Toyota Motor
$3.65
RHHBY
Roche Holding ADR
$1.28
CDW
CDW
$1.53
ARRY
Array Biopharma
$0.05
HL
Hecla Mining
$0.02
TWOU
2U
-$0.10
ALNY
Alnylam Pharmaceuticals
-$1.88
DD
DuPont
$0.85
CARR
Carrier Global Corp
$0.37
OMVJF
OMV
$0.74
TPL
Texas Pacific Land
$4.54
AUOTY
AU Optronics
$0.27
Friday (February 5)
Ticker
Company
EPS Forecast
HRC
Hill-Rom
$1.05
ADNT
Adient PLC
$0.87
TT
Trane Technologies PLC
$0.92
LAZ
Lazard
$0.97
SNY
Sanofi
$0.69
EL
Estée Lauder
$1.68
LIN
Linde PLC
$2.16
AON
AON
$2.46
ZBH
ZIMMER BIOMET HDG.
$2.07
ITW
Illinois Tool Works
$1.79
REGN
Regeneron Pharmaceuticals
$8.23
CAH
Cardinal Health
$1.44
SPB
Spectrum Brands
$0.75
BERY
Berry Plastics
$0.94
HMC
Honda Motor
$0.75
NFG
National Fuel Gas
$0.99
CHBAY
Chiba Bank ADR
$0.77
SOMLY
Secom ADR
$0.26
ASX
Advanced Semiconductor Engineering
$0.12
BNPQY
BNP Paribas ADR
$0.55
FE
FirstEnergy
$0.50
This article was originally posted on FX Empire
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The 3 P Assessment: Parties, Political Interest Groups, and PACs
A brief statement assessing the position of EACH party. If you cannot find the party’s position on your issue please state so and provide a few general inferences as to why the party may not include this issue in their platform.
Do you agree with their position? Why or why not?
Which party position do you identify with most? Is that surprising? Would you vote for the Presidential candidate?
Democrats, Republicans, and Libertarians are for oil fracking. Peace and Freedom is not for oil fracking.
I agree with Peace and Freedoms position because I want to end oil fracking.
I identify most with Peace and Freedom on this certain issue of oil fracking. I find this surprising because I have never heard of this platform until now. I would not vote for the Presidential candidate because I don’t know much else about their platform.
Interest group name- Independent Petroleum Association of America
A brief statement assessing the position/perspective of the interest group.-The Independent Petroleum Association of America is dedicated to ensuring a strong, viable domestic oil and natural gas industry, recognizing that an adequate and secure supply of energy is essential to the national economy
Visit the interest group’s website. Spend a few minutes exploring and reading about what this group believes, what it wants to happen in Washington, and how it seeks to influence politicians. List five important pieces of information which gives a picture of what this interest group believes. This group believes that oil fracking helps the oil and gas industry and is for it, they are committed to help preserve species, They believe that oil has enhanced our lifestyles and future for the better, they want to protect the current laws that help oil industries, they believe it has improved our air quality
From your research, describe one (preferably current) piece of legislation, specific policy action, or candidate this group desires or endorses. They are working to preserve wildlife.
Where is this interest group located? Are there any local meetings you could attend? When? Washington D.C. and there are no local meetings I could attend.
Are there volunteer opportunities? If so, what are they? No volunteer opportunities.
Identify additional developments you find interesting from the website/group. I think it’s very interesting that they think oil can help better air quality or that fracking as well can also help better air quality.
Return to http://votesmart.org/interest-groups . Under the state tab, choose California.
Interest group name There are no oil and gas interest groups in California.
A brief statement assessing the position/perspective of the interest group. None
Visit the interest group’s website. Spend a few minutes exploring and reading about what this group believes, what it wants to happen in Washington, and how it seeks to influence politicians. List five important pieces of information which gives a picture of what this interest group believes. None
From your research, describe one (preferably current) piece of legislation, specific policy action, or candidate this group desires or endorses. None
Where is this interest group located? Are there any local meetings you could attend? When?None
Are there volunteer opportunities? If so, what are they? None
Identify additional developments you find interesting from the website/group. None
Finally, compare the two interest groups. Which one seems more organized? More successful? Who is their target audience? Supporters? Additional thoughts, concerns, observations welcome. Be sure to follow them on twitter. None
Please go to: www.opensecrets.org/pacs. On the left side, choose Industry Breakdown and pick the industry that best matches your issue. Be sure to also check single issue and other.
PAC name-Arch Coal
A brief statement assessing the position/perspective of the PAC.
How much money have they raised/total receipt? How much have they spent? How much cash do they have on hand? They have raised $180,512, they’ve spent $141,000, and they have started with $73,894 on hand and ended with $113,406.
How much of their budget is spent on: Republicans? Democrats?
Republicans-85,163
Democrats-95,349
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Events 11.12
954 – The 13-year-old Lothair III is crowned at the Abbey of Saint-Remi as king of the West Frankish Kingdom.
1028 – Future Byzantine empress Zoe takes the throne as empress consort to Romanos III Argyros.
1330 – Battle of Posada ends: Wallachian Voievode Basarab I defeats the Hungarian army by ambush.
1439 – Plymouth becomes the first town incorporated by the English Parliament.
1892 – Pudge Heffelfinger becomes the first professional American football player on record, participating in his first paid game for the Allegheny Athletic Association.
1893 – Abdur Rahman Khan accepts the Durand Line as the border between Afghanistan and the British Raj.
1905 – Norway holds a referendum resulting in popular approval of the Storting's decision to authorise the government to make the offer of the throne of the newly independent country.
1912 – King George I of Greece makes a triumphal entry into Thessaloniki after its liberation from 482 years of Ottoman rule.
1912 – The frozen bodies of Robert Scott and his men are found on the Ross Ice Shelf in Antarctica.
1918 – Austria becomes a republic. After the proclamation, a coup attempt by the communist Red Guard is defeated by the social-democratic Volkswehr.
1920 – Italy and the Kingdom of Serbs, Croats and Slovenes sign the Treaty of Rapallo.
1927 – Leon Trotsky is expelled from the Soviet Communist Party, leaving Joseph Stalin in undisputed control of the Soviet Union.
1928 – SS Vestris sinks approximately 200 miles (320 km) off Hampton Roads, Virginia, killing at least 110 passengers, mostly women and children who die after the vessel is abandoned.
1933 – Nazi Germany uses a referendum to ratify its withdrawal from the League of Nations.
1936 – In California, the San Francisco–Oakland Bay Bridge opens to traffic.
1940 – World War II: The Battle of Gabon ends as Free French Forces take Libreville, Gabon, and all of French Equatorial Africa from Vichy French forces.
1940 – World War II: Soviet Foreign Minister Vyacheslav Molotov arrives in Berlin to discuss the possibility of the Soviet Union joining the Axis Powers.
1941 – World War II: Temperatures around Moscow drop to -12 °C as the Soviet Union launches ski troops for the first time against the freezing German forces near the city.
1941 – World War II: The Soviet cruiser Chervona Ukraina is destroyed during the Battle of Sevastopol.
1942 – World War II: Naval Battle of Guadalcanal between Japanese and American forces begins near Guadalcanal. The battle lasts for three days and ends with an American victory.
1944 – World War II: The Royal Air Force launches 29 Avro Lancaster bombers, which sink the German battleship Tirpitz, with 12,000 lb Tallboy bombs off Tromsø, Norway.
1948 – In Tokyo, the International Military Tribunal for the Far East sentences seven Japanese military and government officials, including General Hideki Tojo, to death for their roles in World War II.
1954 – Ellis Island ceased operations.
1956 – Morocco, Sudan and Tunisia join the United Nations.
1956 – In the midst of the Suez Crisis, Palestinian refugees are shot dead in Rafah by Israeli soldiers following the invasion of the Gaza Strip.
1958 – A team of rock climbers led by Warren Harding completes the first ascent of The Nose on El Capitan in Yosemite Valley.
1961 – Terry Jo Duperrault is the sole survivor of a series of brutal murders aboard the ketch Bluebelle.
1969 – Vietnam War: Independent investigative journalist Seymour Hersh breaks the story of the My Lai Massacre.
1970 – The Oregon Highway Division attempts to destroy a rotting beached sperm whale with explosives, leading to the now infamous "exploding whale" incident.
1970 – The 1970 Bhola cyclone makes landfall on the coast of East Pakistan, becoming the deadliest tropical cyclone in history.
1971 – Vietnam War: As part of Vietnamization, U.S. President Richard Nixon sets February 1, 1972 as the deadline for the removal of another 45,000 American troops from Vietnam.
1975 – The Comoros joins the United Nations.
1977 – France conducts the Oreste nuclear test as 14th in the group of 29, 1975–78 French nuclear tests series.
1979 – Iran hostage crisis: In response to the hostage situation in Tehran, U.S. President Jimmy Carter orders a halt to all petroleum imports into the United States from Iran.
1980 – The NASA space probe Voyager I makes its closest approach to Saturn and takes the first images of its rings.
1981 – Space Shuttle program: Mission STS-2, utilizing the Space Shuttle Columbia, marks the first time a crewed spacecraft is launched into space twice.
1982 – USSR: Yuri Andropov becomes the General Secretary of the Communist Party's Central Committee, succeeding Leonid I. Brezhnev.
1990 – Crown Prince Akihito is formally installed as Emperor Akihito of Japan, becoming the 125th Japanese monarch.
1990 – Tim Berners-Lee publishes a formal proposal for the World Wide Web.
1991 – Santa Cruz massacre: Indonesian forces open fire on a crowd of student protesters in Dili, East Timor.
1995 – Erdut Agreement regarding the peaceful resolution to the Croatian War of Independence is reached.
1996 – A Saudi Arabian Airlines Boeing 747 and a Kazakh Ilyushin Il-76 cargo plane collide in mid-air near New Delhi, killing 349 in the deadliest mid-air collision to date.
1997 – Ramzi Yousef is found guilty of masterminding the 1993 World Trade Center bombing.
1999 – The 7.2 Mw Düzce earthquake shakes northwestern Turkey with a maximum Mercalli intensity of IX (Violent). At least 845 people are killed and almost 5000 are injured.
2001 – In New York City, American Airlines Flight 587, an Airbus A300 en route to the Dominican Republic, crashes minutes after takeoff from John F. Kennedy International Airport, killing all 260 on board and five on the ground.
2001 – War in Afghanistan: Taliban forces abandon Kabul, ahead of advancing Afghan Northern Alliance troops.
2003 – Iraq War: In Nasiriyah, Iraq, at least 23 people, among them the first Italian casualties of the 2003 invasion of Iraq, are killed in a suicide bomb attack on an Italian police base.
2003 – Shanghai Transrapid sets a new world speed record (501 kilometres per hour (311 mph)) for commercial railway systems, which remains the fastest for unmodified commercial rail vehicles.
2011 – Silvio Berlusconi tenders his resignation as Prime Minister of Italy, effective November 16, due in large part to the European sovereign debt crisis.
2011 – A blast in Iran's Shahid Modarres missile base leads to the death of 17 of the Revolutionary Guards members, including Hassan Tehrani Moghaddam, a key figure in Iran's missile program.
2014 – The Philae lander, deployed from the European Space Agency's Rosetta probe, reaches the surface of Comet 67P/Churyumov–Gerasimenko.
2015 – Two suicide bombers detonate explosives in Bourj el-Barajneh, Beirut, killing 43 people and injuring over 200 others.
2017 – The 7.3 Mw Kermanshah earthquake shakes the northern Iran–Iraq border with a maximum Mercalli intensity of VIII (Severe). At least 410 people are killed and over 7000 are injured.
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Big Oil Receives Political Favours For Gifts Given To California Democrats
Big Oil Receives Political Favours For Gifts Given To California Democrats
The ECOreport reposts an Op Ed, Big Oil Receives Political Favours For Gifts Given To California Democrats
Originally Published on the Daily KOS
by Dan Bacher
State officials and the mainstream media have for many years portrayed California as the nation’s “green leader,” but a new analysis exposing a correlation between oil industry gifts and California lawmakers’ voting records shows a much…
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#AB 1550#AB 1937#AB 197#AB 356#AB 669#AB 8#American Legislative Exchange Council#Anthony Cannella#Anti-AB32 sign-on letter#CA Chamber of Commerce#CA Foundation For Commerce & Education#California Business Roundtable#California Foundation on the Environment and the Economy#California Independent Petroleum Association#California Issues Forum#California Manufacturers & Technology Association#Catherine Reheis-Boyd#Chad Mayes#Chevron#Christopher Holden#Cristina Garcia#Energy and Policy Institute#Evan Low#Henry Perea#Holmes Western Oil Corporation#James Wood#Kristin Olsen#Legislative Energy Horizon Institute#Los Angeles Chamber of Commerce#Marc Levine
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