Thankfully Bali has far more to offer on the beach front
than the sands of Kuta, Legian and Seminyak, many of which are on the Bukit peninsula.
Not exact matches
The process
of fracking involves vertical and horizontal drilling, often for more
than 10,000 feet below the surface, followed by the injection
of millions
of gallons
of water, chemicals and
sand at high pressures.
Last March, Royal Dutch Shell said it was selling most
of its stake in Canada's oil
sands, a vast project that has extracted millions
of barrels
of sticky, gooey hydrocarbons from the ground in a process that resembles mining more
than drilling.
Why have venture capital investments become ever more concentrated along a single stretch
of Sand Hill Road in Silicon Valley, rather
than diffusing out across the country as the industry has grown?
«We have different networks
than the traditional firms on
Sand Hill Road,» says Fonstad, referring to the nearby street where the bulk
of the most established VCs are headquartered.
More
than half
of affected reserves are in deep - water projects, and nearly 30 percent are in Canadian oil
sands.
«The cost
of actually doing deep - sea drilling, the cost
of doing fracking in North Dakota, the cost
of tar
sands, the cost
of Arctic drilling is way, way, way higher
than anyone admits,» Shah said.
If you're talking about a new project with no significant investment already deployed, building a new mine if you expect today's prices to hold in the long term is a tough call — a 50 - year oil
sands project is a lot
of risk for less
than a 10 % rate
of return — but even there, you can see the impact
of the lower Canadian dollar and the hedge provided by a royalty regime which lowers rates when prices are low.
Environmentalists oppose the project because it will encourage the development
of Canada's oil
sands, a type
of oil resource that requires more energy to tap
than conventional reserves.
Whether it's the stability
of our banks, the vastness
of Alberta's oil
sands, or the gravity - defying march
of home values, Canadian markets and businesses have more international appeal — and demand more attention domestically —
than ever before.
Ten years ago, the village
of Tulum, a two - hour drive south from Cancun, was little more
than a scruffy outpost nestled into an otherwise deserted strip
of sand and jungle.
Along with other rail companies, it's shipping more crude, frac
sand and grain and it's doing more intermodal business — taking goods to another mode
of transportation, such as ship or plane —
than it has in the past.
Presumably, much
of the criticism
of tar -
sand oil isn't that it's so environmentally evil that it's ethically worse
than, say, Saudi oil.
If you're talking about a new project with no significant investment already deployed, building a new mine if you expect today's prices to hold in the long term is a tough call — a 50 year oil
sands project is a lot
of risk for less
than a 10 per cent rate
of return — but even there, you can see the impact
of the lower Canadian dollar and the hedge provided by a royalty regime which lowers rates when prices are low.
(Barron's) • In Search
of the Perfect Recession Indicator (Philosophical Economics) • A Fireside Chat With Charlie Munger (MoneyBeat) • Complexity theory and financial regulation (Science) • Five Pieces
of Conventional Wisdom That Make Smart Investors Look Dumb (CFA Institute) • This Lawyer Is Hollywood's Complete Divorce Solution (Bloomberg) • Curiosity update, sols 1218 - 1249: Digging in the
sand at Mar's Bagnold Dunes (Planetary Society) • The Plot to Take Down a Fox News Analyst (NYT) • Ask the aged: Who better to answer questions about the purpose
of life
than someone who has been living theirs for a long time?
With a low cost
of living, picture - perfect white -
sand beaches, friendly locals and fascinating culture, Southeast Asia are so much more
than exotic vacation spots.
Consider this: the US is increasing its own production
of natural gas — much cleaner
than tar
sands oil.
Is a multi-well horizontal drilling project off
of a single surface location materially different
than a small - scale oil
sands project?
We're at a line in the
sand here, where we can continue blindly marching over the cliff, or we can get a grip: ramp down fossil fuel use immediately, get an economic system geared to fixing up the mess we've made instead
of enriching the few who already have far more
than enough, nourish an ideology
of cooperation instead
of competition, and put the technology to more intelligent uses
than convenience and mindless diversion.
She cited the fact that offshore projects are projected to account for just 3 per cent
of total output in Canada by 2025, while the oil
sands are forecast to represent more
than 80 per cent.
Although the country is taking steps to rein in carbon pollution in other parts
of the country, the exponential rise in emissions from the oil
sands will more
than offset gains being made elsewhere.
Having recently called out the federal government for failing to provide a justification for its decision to approve Shell's Jackpine mine oil
sands expansion project (an approach that serves no interest other
than the government's, as even industry would stand to benefit from knowing why one project is justified while another, e.g. Taseko's original Prosperity mine, is not), it was reassuring to see that at least this Joint Review Panel (JRP) shares my understanding
of this obligation under the Canadian Environmental Assessment Act, 2012, SC 2012, c 19.
While provinces other
than Alberta are projected to benefit, modelling by the Canadian Energy Research Institute projects that 94 per cent
of the GDP impact
of oil
sands development will occur within Alberta.
Nationally, however, Ontario's efforts to cut the amount
of carbon pollution from electricity generation are more
than offset by the growth in emissions from the oil
sands, which are expected to triple by 2020 from 2005 levels.
The boom in unconventional fuels — such as bitumen extracted from Alberta's tar
sands and oil extracted from North Dakota's Bakken shale formation by hydraulic fracturing («fracking»)-- has swelled global reserves even as climate scientists issue ever - sterner warnings that burning more
than a small fraction
of these reserves would be suicidal.
But the fact
of the matter is that the oil
sands have increased incomes across Canada to an extent much greater
than that paragraph implies.
Speaking in New York in May, Mr. Harper emphasized that the rejection
of the Keystone XL pipeline would lead to an increase in oil
sands shipments by rail, which he called «more environmentally challenging»
than pipelines.
Matt Ridley, for example, in his recent book, The Rational Optimist, argues that the oil
sands are a much more sane solution to current energy needs
than things like wind (too unreliable and too little output) and biofuels (wasteful use
of land).
The extraction and processing
of a viscous oil called «bitumen,» excavated from vast formations
of sand just below the surface
of Alberta's northern region, has come under fire because it requires more energy
than many other oil operations.
That means the tar
sands oil has to travel all the way to the Gulf
of Mexico — more
than twice the distance.
However, there's no more reliable source
of oil
than the Canadian oil
sands.
Yet April 30th 2008 was no less critical a turning point in the recession's history
than these other dates, for it was then that the FOMC, having cut the Fed's target interest rate to 2 percent, resolved to cut it no further — drawing a line in the
sand by which it unwittingly helped seal the fate
of the US, and world, economy.
Part
of the reason for the rising supply is that unconventional methods
of oil extraction like tar
sands and hydraulic fracturing have yielded greater oil supplies
than expected.
Forget the fixed costs
of development; just the operating costs
of keeping a project online are significantly higher
than the revenue that an oil
sands producer would earn from selling their bitumen.
Overly optimistic projections
of future oil supply, which are much higher
than the latest NEB projections and don't consider the Alberta government's cap on oil
sands emissions imposed by its Climate Leadership Plan.
However, the fact that the average quantity
of frack
sand used per well has more
than doubled in recent years — which has helped lower the breakeven price
of U.S. shale oil — should help insulate the industry from the worst
of the oil crash.
However, their long - term contracts and the fact that greater use
of frac
sand is one way for oil and gas companies to maximize productivity from each well means that demand declines might prove smaller
than those
of other oil services companies.
I can find relative meaning here on earth in my own life with my family and friends while acknowledging that on a cosmic level my life has far less purpose
than a grain
of sand has purpose on a beach.
One stops to think
of actual countries
of sand, which include more
than a few particularly violent locales, places where people are not as willing as Mary Oliver to concede the comfy and common received idea
of liberal Christianity that we all worship the same deity by «whatever name.»
He is a typical «ugly american» who buries his head in the
sand and proclaims the overblown virtues
of our country while failing to see that, yes, other countries do things radically different
than us and they also have a phenomenal standard
of living.
From afar it had appeared to him, quite small, gliding over the
sand, no bigger
than the palm
of a child's hand — as a pale, fleeting shadow like a wavering flight
of quail over the blue sea before sunrise or a cloud
of gnats dancing in the sun at evening or a whirlwind
of dust at midday sweeping over the plain.
But a region built on borrowed water has no more chance
of surviving
than a house built on
sand.
Standing up to such abuse, even bluntly, is surely not more worthy
of a line in the
sand than the actual abuse?
Mixing «Corpuscles
of Sand with... Saline ones» produced glass that is «more lasting and more unalterable»
than many natural elements.
Volf joins a widening cadre
of Christian theologians who seek to anchor the nature and mission
of the local church in trinitarian thought rather
than the shifting
sands of cultural practices or the muddy bottoms
of tired cultic traditions.
It is clearly an analogy to indicate a large number, rather
than an actual indication
of an infinite number (by the way, the number
of stars in the Universe must be infinite) unless Tropher believes there are an infinite number
of grains
of sand on Earth.....
STONER»S PRAYER Now I pass out into sleep I pray the Lord my soul to keep Grant no other stoner take My weed and bong before I wake Keep me safely in thy sight And grant no crackhead's thrill tonight And in the morning let me awake Breathing scents
of wake «n bake God protect me in my dreams and make this better
than it seems Grant the time may siwftly fly When myself shall be so high In a green grass weed bed Where I long to rest my head Far away from all these scenes And the smell
of bammer smoked by beans Take me back into the land Where the cops never take you out Where the weed won't burn my throat like
sand; Where the scent
of chronis blows Where the good Mary Jane grows; Take me back and I'll promise then Never to leave BC again... - Anonymous
Yet if the instruction is not given beforehand, the reassurance is built not on rock but
sand, and is more
than likely to be washed away by the waters
of affliction which engulf the soul.
God's desire for His people consists
of far more
than a mere set
of actions they shouldn't commit or a line in the
sand they are not to cross.
In the end, our financial well - being is no more permanent
than castles in the
sand, washed away by the ebb and flow
of the tide.