Chevron Executive (Parody) retweeted
Imagine telling these men we can drill a horizontal horse shoe well now
Chevron Executive (Parody) retweeted
Some dude in California running a 3-person company got voters to give him $4.2 billion by authoring a ballot measure, which passed
Chevron Executive (Parody) retweeted
After 20+ years in the field I've noticed a big change in cost and getting jobs done the cheapest way possible. It's honestly sad that the real cost is hiring the amateurs with more risk at hand.
Chevron Executive (Parody) retweeted
Dems won by focusing on affordability.
As it happens, the Senate’s first vote when it returns Tuesday will be on a bill to lower energy costs by modernizing the permitting process. It will be first test of whether affordability is a governing priority or just a campaign slogan.
One of the things the data analysts on our side obsessed over was "composition"—whether the electorate looked close enough to 2024 for Republicans to win. And despite polls that showed a Democrat blowout, the data kept on telling us the same story: in some states turnout was merely OK, in other states it was downright amazing, and in no state was it catastrophic. There was a genuine sense of optimism on our team: our people were showing up.
So, I asked the smartest data guy I know, does that mean we're going to shock the world? "No," he told me. "We might do better than the polls suggest. But the data is telling us that a lot of Trump/Vance 2024 voters are pissed and planning to vote for the other guys. Our voters are turning out, but they may not vote for us."
Well, that looks prophetic now. Our voters did show up. In Florida, for example, the electorate was 9 points more Republican than Democrat, just a couple points worse than 2024. Undoubtedly there were places we could have done better on turnout. But the main problem is not turnout. The main problem is that many people who voted for Trump/Vance in 2024 voted for Democrats in 2026.
There will be a lot of infighting and arguing over what happened and why that is. One of the pollsters I really respect told me that our economic messaging wasn’t sharp enough down the stretch. I’m sure that’s true.
But the real reason we lost is obvious to almost everyone.
Another pollster—one of the smartest people I know in politics, told me yesterday we’d lose the generic ballot by 13 points. I felt negative going into Tuesday, but even I was shocked by this. In his polling, he saw that a lot of Trump 2024 voters were angry and planning to vote for Democrats. He asked those voters who had abandoned us what would cause them to come back on our team. The top four answers, accounting for nearly all of the responses were:
1) End the war
2) Focus on cost of living/inflation
3) Put America First
4) Change our relationship to Israel
Our voters showed up. And the above four reasons are why many of them voted for Democrats. This is according to a pollster who nailed the results. While many spent Monday attacking Rachel Campos Duffy for calling for a diplomatic resolution to the conflict, it turns out her political advice was sound. (She’s also a great person.)
In the next few months, there's going to be a lot of gaslighting. Expect to hear any number of establishment politicians say the solution to our woes is amnesty. I'm open to the idea that we should change enforcement—by focusing more on businesses that hire illegal labor, for instance. But anyone pushing amnesty is lying to you.
The reason we lost is the war. The president himself said so last night.
If you'd like to argue it was worth it, that losing the Senate for the next 6 years was worth it, then do so. Argue it was a worthwhile cost to pay. Agree or disagree, that's at least honest.
But everyone knows why we lost. And any honest conversation about where we go from here must start there.
I remain hopeful about our country. To the people who are pissed off and want to say, “I told you so”: you’re right, you did tell us so. Take that energy into electing Republicans who share your worldview. To the people who are just pissed at the results, you should be. Let’s take that anger and get back to the work of saving our country.
Chevron Executive (Parody) retweeted
It looks like the elections were largely a referendum on affordability, but unfortunately neither party seems particularly interested in deregulation, which is the most effective way to bring costs down.
Elon Musk says the AI boom will hit a WALL by the end of 2026.
He says the whole industry is about to learn a hard lesson in hardware.
Chip output is exploding, but electricity is nearly flat everywhere outside China.
So the two lines cross this year.
He says by the end of the year, we will be making more AI chips than we can actually turn on.
Millions of them pile up with nowhere to plug in.
In his words, the bottleneck for the next year is not chips, it is raw power.
Whoever can turn on the most chips fastest wins the race.
In the end, the AI race comes down to one thing:
Raw electricity.
— Elon Musk (.@elonmusk) on Dwarkesh Patel's (.@dwarkesh_sp) podcast
Elon Musk says billion dollar AI companies with money to spend can't build power plants fast enough to meet AI's electricity demand.
Every major power project requires approvals and equipment, including:
• Switchgear
• Gas turbines
• Power plant permits
• Electrical transformers
• Utility interconnection studies
• High-voltage transmission lines
• Specialized turbine blades and vanes
If even one component is delayed, the entire project stalls... leaving AI chips without electricity.
Musk says gas turbines are sold out through 2030, with specialized blades and vanes being the biggest bottleneck.
Building more power plants isn't the quick solution AI companies thought it'd be.
— Elon Musk (.@elonmusk) on Dwarkesh Patel's (.@dwarkesh_sp) podcast
Chevron Executive (Parody) retweeted
Absolutely brutal liquidity data on private capital…
25% of Venture Capital funds take over 18 years to fully liquidate
Average time to fully liquidate for PE funds is now 14 years. Only 12% liquidate within a decade.
Chevron Executive (Parody) retweeted
$𝟰𝟬𝗞 𝗜𝗡 𝗣𝗥𝗜𝗭𝗘𝗦 𝗨𝗣 𝗙𝗢𝗥 𝗚𝗥𝗔𝗕𝗦 — 𝗖𝗔𝗦𝗘 𝗖𝗢𝗠𝗣𝗘𝗧𝗜𝗧𝗜𝗢𝗡 𝗥𝗘𝗚𝗜𝗦𝗧𝗥𝗔𝗧𝗜𝗢𝗡 𝗖𝗟𝗢𝗦𝗘𝗦 𝗜𝗡 𝗢𝗡𝗘 𝗪𝗘𝗘𝗞! Calling all students to register for the NEW Switch Regional Competition — Americas presented by NAPE & the AAPL Educational Foundation.
Build a real plan to power North America and defend it in front of industry professionals.
Students will showcase their talent and build their job prospects by presenting to the vast professional network of AAPL, @SwitchEAlliance and NAPE. The top 3 finishers will present their final findings to thousands of professionals during the expo at the 2027 NAPE Summit.
Here are the deets:
💰 Student teams of 3 or 4 (at least two undergraduates required)
💰 All majors are welcome to compete
💰 Competition is entirely virtual with a final showcase in the new NAPE Career Services Hub
Need a little more information? There's one more information session happening TOMORROW. Sign up to attend: switchedu.org/page/switch-re….
If you're ready to compete. Register your team here switchedu.org/page/switch-re….
If you know a student who should compete, send them this post!
#WhereDealsHappen #NAPE2027 #SwitchC
Chevron Executive (Parody) retweeted
yeehaw!
Crazy. Natural gas costs roughly 10x more in Europe than in America.
Europe, especially Germany, inflicted this economic carnage on itself, leaving it wide open to energy shocks. Russian gas dependence. Fracking bans. Nuclear shutdowns. Net Zero zealotry.
These were deliberate political decisions, not acts of God.
European households and businesses pay the heavy price while the politicians responsible - Merkel, von der Leyen and the others - walk away richer and untouched.
How do they get away with this? @JavierBlas
Chevron Executive (Parody) retweeted
Yes, outside of China, the rest of the world has already exhausted all the available oil inventory buffers.
🇦🇪 Adnoc CEO Sultan al-Jaber: "Since the Hormuz Strait was disrupted, nearly 1 bn barrels have been drained from global inventories.
In some markets... stocks of diesel are at their lowest seasonal level in 35 yrs.
Others are facing a 600bn ft3 LNG supply gap.
Simply put, the world has eroded its supply buffers."
Replying to @AndUpstream
A strong rotational program: changing stuffing boxes and starring in a poorly scripted rap video are the bedrock of building real Human Energy.
Claude can chain the title. It can’t stand in the mud at 2 a.m. while the company man barks for the key to the v-door
Chevron Executive (Parody) retweeted
Louisiana figured out how to turn $3 of natural gas into $300. That's why SpaceX, Meta, Amazon and Hyundai are all pouring money into the same state at the same time.
The rocket is the easiest place to see it. SpaceX is spending $100 billion on what Elon calls the biggest launch site on Earth, down in Vermilion Parish. That same parish is home to Henry Hub, the pipeline junction where the price of natural gas gets set for the entire country. And Starship burns liquid methane, which is basically natural gas chilled until it turns into a liquid.
Once you see that, the rest of Louisiana's $300 billion project map clicks into place. Almost every pin on it is a different way to sell the same gas.
Six of them are export terminals. They chill the gas to minus 260°F until it shrinks 600 times over and fits on a tanker. Louisiana handled 61% of America's LNG exports in 2024, and no country on the planet exports more LNG than America does.
A lot of the others are gas turned into something you'd never guess. The ammonia plants pull hydrogen out of methane and bond it to nitrogen from the air to make fertilizer. Lake Charles Methanol turns it into methanol. Hyundai's $5.8 billion mill uses gas to rip the oxygen out of iron ore, then melts the iron into steel for its car plants in Alabama and Georgia. Shintech takes gas liquids and salt and makes PVC pipe out of them.
Then you get to the data centers, which are the newest way to ship Louisiana gas out of Louisiana. Entergy is building 10 gas plants just to feed Meta's Hyperion campus in Richland Parish. The seven newest add 5,200 megawatts by themselves, about five times what New Orleans uses on a typical day. Amazon put its campuses outside Shreveport, right on top of the Haynesville Shale.
Here's where the $300 comes from. A million BTUs of gas goes for about $2.90 at Henry Hub right now. Burn it in a modern gas plant and you get roughly 150 kilowatt-hours of electricity. That's enough to run one Nvidia H100, plus its share of the server and the cooling, for about 100 hours. AI companies rent those chips for around $3 an hour, so the same $2.90 of gas ends up worth about $300.
So every company on that map wants to do something with the gas before it leaves the state. A hundredfold markup will do that.
Starship pushes it furthest. A fully fueled Starship holds more than 5,000 tons of propellant, and roughly a fifth of that is liquid methane. Elon wants 30 flights a day out of Starbase Louisiana. At that pace you're looking at around 1.7 billion cubic feet of gas a day, close to a tenth of everything America currently exports as LNG, all going up through one launch site.
The timing works out pretty well for the people drilling it. Gas got so cheap this fall that EQT and Expand Energy, the two biggest producers in the country, said they'd hold back output until prices come back up. Spot gas at Henry Hub fell to $2.52 on October 27, the lowest it's been since November 2024. Every project on that map is a long-term buyer for gas the drillers can't get a good price for today.
When SpaceX explained why it picked Louisiana, the whole answer fit in one line, "you need ample gas, and you need the right trajectories."
Every other company on that map showed up for the first half of that sentence.
This is not normal what is happening in Louisiana right now. $300+ Billion in the project pipeline....
$100B – SpaceX Starbase LA (Planned)
$50B – Meta Hyperion AI Data Center (Under Construction)
$18B – Venture Global Plaquemines LNG Expansion (Planned)
$18B – Amazon Multi-Site AI Data Centers (Under Construction)
$18B – Argent LNG (Planned)
$18B – Woodside LNG (Under Construction)
$15B – Venture Global CP2 LNG (Under Construction)
$13B – Entergy Energy Buildout for Meta (Planned)
$10B – Commonwealth LNG (Under Construction)
$10B – Hut 8 AI Data Center (Under Construction)
$10B – Cameron LNG Expansion (Planned)
$8B – Ascencion Carbon Ammonia (Planned)
$6B – Hyundai Steel Mill (Under Construction)
$4B – Applied Digital AI Data Center (Under Construction)
$4B – CF Industries Ammonia Plant (Under Construction)
$4B – Lake Charles Methanol II (Planned)
$3B – Shintech Petrochemical Expansion (Planned)
$3B – DG Fuels Synthetic Chemicals (Planned)
$3B – Louisiana International Terminal (Planned)
Chevron Executive (Parody) retweeted
This is not normal what is happening in Louisiana right now. $300+ Billion in the project pipeline....
$100B – SpaceX Starbase LA (Planned)
$50B – Meta Hyperion AI Data Center (Under Construction)
$18B – Venture Global Plaquemines LNG Expansion (Planned)
$18B – Amazon Multi-Site AI Data Centers (Under Construction)
$18B – Argent LNG (Planned)
$18B – Woodside LNG (Under Construction)
$15B – Venture Global CP2 LNG (Under Construction)
$13B – Entergy Energy Buildout for Meta (Planned)
$10B – Commonwealth LNG (Under Construction)
$10B – Hut 8 AI Data Center (Under Construction)
$10B – Cameron LNG Expansion (Planned)
$8B – Ascencion Carbon Ammonia (Planned)
$6B – Hyundai Steel Mill (Under Construction)
$4B – Applied Digital AI Data Center (Under Construction)
$4B – CF Industries Ammonia Plant (Under Construction)
$4B – Lake Charles Methanol II (Planned)
$3B – Shintech Petrochemical Expansion (Planned)
$3B – DG Fuels Synthetic Chemicals (Planned)
$3B – Louisiana International Terminal (Planned)
Chevron Executive (Parody) retweeted
German industriousness helped lay the foundation for Texas being the 8th largest economy in the world.
1881 map produced in German to recruit them to come to Texas as farmers.
The Southwestern Immigration Company of Austin had this map printed in New York by Colton and sent it to Germany. The title is in German, the legend is in German, and the whole point was to show a German farmer that Texas had rails. Finished lines are red. Lines being built or merely planned are blue, and the blue runs all the way across West Texas to El Paso, up to the Panhandle, and down to Laredo. In 1881 most of that was still a promise.
The map itself is the state the year after the 1880 census: the eastern half cut into counties, the Panhandle gridded off but nearly empty, and the whole country west of San Angelo still just Tom Green, Pecos, Presidio and El Paso. An inset shows the Southwest with Texas in pink and a steamer route to New York, so a buyer could see how he would get there.
A generation after the Adelsverein brought the first German colonists, Texas was still recruiting them, this time with a railroad map.
Source: Library of Congress, G4030 1881 .G3 TIL.
Replying to @shaleacrobat @UndervaluedOnG
Price will be the determining factor
Chevron Executive (Parody) retweeted
Crude oil production growth in Texas appears to be over. If you can't grow in this price environment, when will you?
Chevron Executive (Parody) retweeted
A dose of reality: No matter what you think about CO2, the transition away from hydrocarbons will be gradual. By 2100, they will still supply most of the world's primary energy. You're welcome!
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