Showing posts with label Petroleum. Show all posts
Showing posts with label Petroleum. Show all posts

Friday, April 19, 2024

Subsidiarity Economics 2024. The times more or less locally, Part 2. The Mineral Leasing Act of 1920 Edition.

 

Oil field, Grass Creek, Wyo, April 9, 1916

April 16, 2024

The BLM's new oil and gas leasing rules has effectuated new oil and gas leasing rules for the first time since 1988.

The new rules adjust bond amounts for the first time since 1966, increase royalty rates for the first time in over a century (leasing has only been in place for a century). Bond rates will go from $10,000 to $150,000 and state-wide bonding requirement for operators with more than from $25,000 to $500,000.

Governor Gordon criticizes oil and gas rule that raises costs to producers

CHEYENNE, Wyo. –Governor Mark Gordon is criticizing an announcement from the Department of Interior last week that will increase the costs to oil and gas companies seeking to drill on federal lands. The Governor used the following statement:

“If there was any doubt, it could not be more clear now that the Department of Interior has lost its way. Within a day of announcing its renewable energy rule designed to promote the equivalent of a modern-day gold rush of development for renewables by reducing fees and rents on federal lands by 80%, Interior issued an oil and gas rule increasing costs to Wyoming’s industry by 1400%.

America surely needs more energy, including from renewable sources. What our country does not need are policies that greatly reduce the return to our nation’s taxpayers while simultaneously increasing the impacts and burdens on states and communities. We don’t need policies that increase the costs to consumers while also reducing reliability, or rules that sharpen the threat of industrializing our open spaces and crucial wildlife habitat without recognizing the importance of balance in our energy portfolio. These policies should seem misguided to most Americans of every stripe who love our country. Instead of experience and practicality, DOI has doubled down on bias, dogma, and politics. America is suffering as a result.

It is time we get back to common-sense energy policy. I will continue to fight against federal policies that are short-sighted and antagonistic to Wyoming’s industries, our workers, and our way of life. We need to build a realistic, all-of-the-above energy strategy that correctly plans a future of reliable and dispatchable power and properly accounts for – and balances – the costs and impacts of all energy sources.”

April 19, 2024

Tensions in the Middle East have jumped the price of oil back up. 

Last prior edition:

Subsidiarity Economics 2024. The times more or less locally, Part I. And then the day arrived (part two).

Saturday, April 13, 2024

Subsidiarity Economics 2024. The times more or less locally, Part I. And then the day arrived (part two).

Our lifestyle, our wildlife, our land and our water remain critical to our definition of Wyoming and to our economic future.

Dave Freudenthal, former Governor of Wyoming/

 

January 2, 2024

The Energy Information Administration’s Short Term Energy Outlook Report states that combined generation from wind and solar will overtake generation from coal by more than 90 billion kilowatt-hours this year.

US coal production will drop to its lowest amount since the 1960s, with it taking more miners per ton to produce in the 60s than it does now.

Pennsylvania's Flying Fish Brewing Co. filed for Chapter 11 bankruptcy protection.

January 11, 2024

January 17, 2024

From the Trib:

According to a report put out by the Wyoming State Geological Survey this month, the state’s oil production has not yet surpassed its 2019 high, while nationwide oil production has surpassed pre-pandemic levels.

More than 95 million barrels of oil are expected to be produced in Wyoming in 2023, which is about 3 million more barrels than in 2022. The drilling of new oil wells has helped greatly.

In the first half of 2023, a total of 110 newly drilled oil wells were completed, most of them in the Powder River Basin. This is in line with the first half of 2022, when 118 oil wells were completed.

January 22, 2024

Flying Fish Brewing has declared bankruptcy.

January 23, 2024

U.S. oil production has been holding at or near record highs since October, topping the previous peak from 2020, even though the number of active domestic oil drilling rigs is down by nearly 30% from four years ago.

New technology is the reason why there is higher production with fewer rigs.

And also:

The U.S. set a new annual oil production record on December 15, based on data from the Energy Information Administration. Although the official monthly numbers from the EIA won’t be released for a couple of months, we can calculate that a new record has been set based on the following analysis.

Prices at the pump have been declining.

January 25, 2024

In spite of repeated Republican declarations about how bad the economy is doing, the economy grew 4.9% in the third quarter of 2023, for which the latest figures are out.  This grossly exceeds expectations.

This is interesting for a lot of reasons, one of which the "bad economy" is a consistent theme of Republicans in the current election cycle, when in fact this is a classic "good economy".  It's frankly bizarre.

Some of that might reflect, however, an ongoing retention of a return to the 1945-1975 economy by Rust Belt voters, and anxiety over an inevitable decline in the fossil fuel economy in the West.  The post-war economy is of course never returning, and the change in the direction in the energy economy cannot be arrested, although it too is doing well right now.

January 28, 2024

The Administration plans on providing billions for microchip subsidies for US producers to assure production can be made in the US.

It's worth noting that with war looming with China, there's more than one reason to do this.

The Biden Administration has paused all pending export licenses for liquified national gas (LNG) to consider the climate impacts.

February 8, 2024

Getting Wall Street out of our houses

February 10, 2024

US Credit Card debt is at an all-time high.

World's Foremost Authority On Solar Sheep Advising Wyoming $500 Million Solar Farm

Jobs, Jobs, Jobs


February 11, 2024


It is estimated that over 10% of Canadian craft brewers will close this year.

February 13, 2024

The city of Gillette and BWXT have agreed to work together to look at the possibility of having nuclear facilities and operations in Gillette 

February 15, 2024

While this should be no surprise, given what we earlier reported here:


Remington, in its new form, will close its facilities in Ilion, New York, in March.

Colorado has filed suit to stop the Kroger Albertson's merger.

February 21, 2024

Japan's Nikkei stock index soared to an all-time high.

Rivian, the electric truck maker, is laying off 10% of its salaried staff.

This will cause piles of cackling from those who are convinced electric vehicles, which have taken off, will never take off.  Rivian was an automotive start-up, something that's really tough to do.  Basically, their business model depended on getting into the saturated truck market before other maker went to electric, a real gamble.

Wyoming Gets a Big Win in Court for Coal 

 

CHEYENNE, Wyo. –Wyoming’s coal industry’s earned a long-awaited legal win today, as three Ninth Circuit judges unanimously sided with Wyoming’s arguments in support of the continuation of the federal coal-leasing program. The decision vacated a lower court order that reinstated Obama-era coal-leasing restrictions and required federal officials to perform duplicative National Environmental Policy Act (NEPA) analysis. 

“This ruling is an unequivocal win for our coal industry and a reminder that the Biden Administration has to follow the law,” Governor Mark Gordon said. “The Department of Interior now has one less excuse to thwart its federal coal leasing responsibilities. I appreciate the Attorney General and her staff for their excellent work on this case.” 

The complicated case spanned seven years and involved conflicting orders issued by former Interior Secretaries, in which Secretary Jewel issued an order to cease federal coal leasing and conduct a Programmatic Environmental Statement on the entire coal leasing program. Before that review was complete, Secretary Zinke rescinded the Jewel Order so coal leasing could resume; lastly Secretary Haaland rescinded the Zinke order. The district court ruled that the Department of the Interior needed to conduct additional NEPA analysis before resuming coal leasing under its existing authorities.  Wyoming argued that the case was moot, because the Zinke order was rescinded by Secretary Haaland.

Litigation costs for Wyoming were covered by the Federal Natural Resource Policy Account as directed by Governor Gordon.   

-END-

March 15, 2024

Nippon Steel proposes to take over U.S. Steel.

March 17, 2024

Tyson, the giant chicken corporation, announced that it's closing a plant in Iowa in June which will result in 1200 people, 15% of the entire town, losing their jobs. Simultaneously, the company is working with an asylum advocate group to hire 2,500 asylum seekers who are cleared to work elsewhere.

Um. . . we've been running a series on our companion blog entitled An Agrarian Manifesto. . . might be worth reading, perhaps particularly these:

A sort of Agrarian Manifesto. What's wrong with the world (and how to fix it). Part 2. Distributism


A sort of Agrarian Manifesto. What's wrong with the world (and how to fix it). Part 5. What would that look like, and why would it fix anything, other than limiting my choices and lightening my wallet? The Distributist Impact

March 21, 2024

Reddit is going public.

March 22, 2024

The Justice Department is suing Apple for Antitrust violations arising from its iPhones.

March 26, 2024

Trader Joe's is raising the price of bananas for the first time in twenty years.

March 27, 2024

Texas based and 7-11 owned USA Gasoline stores have closed in Wyoming.

March 28, 2024

Only the Northern Arapaho Tribe and the city of Cheyenne applied for portions of the $4.6 billion Federal fund to reduce reliance on carbon emissions-heavy energy sources and to become more economically resilient.

Fisker is cutting the prices of its electric Ocean SUV by 39%.

April 1, 2024

Gold hit $2,262.19/oz.

April 8, 2024

The price of oil dropped 1%.

April 11, 2024

The Aerodrome: “It stinks, like bad medicine going down, it’s a h...: So stated a Casper City Councilman about extending an additional $400,000 to SkyWest Delta to anchor the flight to Salt Lake City from Caspe...

April 12, 2024 

April 13, 2024

And gold hit a record again.

Last Prior Edition:

Subsidiarity Economics. The times more or less locally, Part XVI. And then the day arrived.


Recent Related Threads:



Wednesday, April 10, 2024

Thursday, April 10, 1924. Best dressed in the world?

 There was of course headline news this day in 1924:


And the change in how Federal oil resources were administered was a huge one.

But it's the clothing ad that drew my attention:


"Best dressed men of all nations"?  

Nobody would claim that now.

The Townsend Hotel, which was dilapidated by the time I was a kid, was opening.  It was no doubt a great hotel at the time.  Its café remained in use until it closed in the 1970s, just after the Petroleum Club moved.  The café remained good until it closed, and was popular with men who worked downtown.


The Stratton's as realtors would carry on to the present day.

The Townsend remained abandoned from the 80s until it was refurbished as the current Natrona County Courthouse.  It's now the Townsend Justice Center.



Last prior edition:

Thursday, March 28, 2024

Friday, March 28, 1924. Daugherty resigns.

 


Harry Micajah Daugherty resigned as U.S. Attorney General due to the Teapot Dome Scandal.

He returned to private practice, authored a book about the Harding Administration from an insider's protective, and died in 1941 at age 81.

Total, the French petroleum company, was founded.

Coolidge delivered a Press Conference:

Press Conference, March 28, 1924

Last Prior Edition:

Tuesday, March 25, 1924. Casper goes blue.

Saturday, March 23, 2024

Cliffnotes of the Zeitgeist, 63d Edition. Strange Bedfellows.

 


Misery acquaints a man with strange bedfellows.

William Shakespeare, The Tempest

The environmental populists?

Politics, as they say, makes for strange bedfellows.  But how strange, nonetheless still surprises.

Wyoming Secretary of State Chuck Gray, who rose to that position by pitching to the populist far right, which dominates the politics of the GOP right now, and which appears to be on the verge of bringing the party down nationally, has tacked in the wind in a very surprising direction.  He appeared this past week at a meeting in Natrona County to oppose a proposed gravel pit project at the foot of Casper Mountain.  He actually pitched for the upset residents in the area to mobilize and take their fight to Cheyenne, stating:

We have a very delicate ecosystem, the fragility up there, the fragility of the flows … the proximity to domestic water uses. All of those things should have led to a distinct treatment by the Office of State Lands, and that did not happen.

I am, frankly, stunned.  

I frankly never really expected Mr. Gray to darken visage of the Pole Stripper monument on the east side of Casper's gateway, which you pass by on the road in from Cheyenne again, as he's not from here and doesn't really have a very strong connection to the state, although in fairness that connection would have been to Casper, where he was employed by his father's radio station and where he apparently spent the summers growing up (in an unhappy state of mind, according to one interview of somebody who knew him then).  Gray pretty obviously always had a political career in mind and campaigned from the hard populist right from day one, attempting at first to displace a conservative house member unsuccessfully.

We have a post coming up which deals with the nature of populism, and how it in fact isn't conservatism.  Gray was part of the populist rise in the GOP, even though his background would more naturally have put him in the conservative camp, not the populist one.  But opportunity was found with populists, who now control the GOP state organization.  The hallmark of populism, as we'll explore elsewhere, is a belief in the "wisdom of the people", which is its major failing, and why it tends to be heavily anti-scientific and very strongly vested in occupations that people are used to, but which are undergoing massive stress.  In Wyoming that's expressed itself with a diehard attitude that nothing is going on with the climate and that fossil fuels will be, must have, and are going to dominate the state's economy forever.   The months leading up to the recent legislative session, and the legislative session itself, demonstrated this with Governor Gordon taking criticism for supporting anything to address carbon concerns.  Put fairly bluntly, because a large percentage of Wyoming's rank and file workers depend on the oil and gas industry, and things related to it, any questioning on anything tends to be taken as an attack on "the people".

Natrona County has had a gravel supply problem for quite a while and what the potential miner seeks to do here is basically, through the way our economy works, address it.  There would be every reason to suspect that all of the state's politicians who ran to the far right would support this, and strongly.  But they aren't.

The fact that Gray is not, and is citing environmental concerns, comes as a huge surprise.  But as noted, given his background, he's probably considerably more conservative than populist, but has acted as politicians do, and taken aid and comfort where it was offered.  Tara Nethercott ran as a conservative and lost for the same office.

But here's the thing.

That gravel is exactly the sort of thing that populists, if they're true to what they maintain they stand for, ought to support.  It's good for industry, and the only reason to oppose the mining is that 1) it's in a bad place in terms of the neighbors and 2) legitimate environmental concerns, if there are any.  But that's exactly the point.  You really can't demand that the old ways carry on, until they're in your backyard.  

Truth be known, given their nature, a lot of big environmental concerns are in everyone's backyard right now.

The old GOP would have recognized that nationally, and wouldn't be spending all sorts of time back in DC complaining about electric vehicles.  And if people are comfortable with things being destructive elsewhere, they ought to be comfortable with them being destructive right here.  If we aren't, we ought to be pretty careful about it everywhere.

There actually is some precedent for this, FWIW.  A hallmark of Appalachian populism was the lamenting of what had happened to their region due to coal mining.  John Prine's "Paradise" in some ways could be an environmental populist anthem.

Hard to feel sorry.

Far right goofball Candace Owens was fired from the Daily Wire. She stated that she "cannot be silenced", but frankly the gadfly has gone from sort of being a token black populist to a has been already.

That no doubt sounds extremely harsh, but frankly it's true. Owens went from being sort of a snarky populist commenter to writing some real wack job stuff, at which time her popularity dropped off.  Part of her popularity was because she was black, and we don't think of populists being African American, although some are.  Once again, black conservatives and black populists are not the same thing.  Her status as a rare black populist, and a highly attractive woman at that, didn't hurt in her getting attention. 

I don't know what her fan base is, but this is all a sort of tragedy.  Always abrasive and controversial, her early commentary was not completely without merit.  She's really dropped off in the recent year or years and probably won't really revive.  She's sort of like Tucker Carlson that way, being a person of obvious high intelligence who really went down a rabbit hole.  Carlson looked like a complete fool with his recent trip to Russia. We hope that Owens has a legitimate conservative revival, or at least isn't touring North Korea to get a one up on Carlson.

The Dead Elephants.

There was an Irish street gang in New York at one time that bore the name The Dead Rabbits.  The House GOP is rapidly becoming The Dead Elephants.

Something is really going on.

Filled with disgust, some Republicans in the House are abandoning the House well before their terms are up. In doing that, they're setting themselves free from something. That something might just be failure, but at this rate, it suggests something else.  They almost seem set on sabotaging their party, except their party isn't a party.

In 1944 when it became obvious to those who cared to see, and many simply did not, that Germany was going down in defeat, not only did conservative German army officers but a few, albeit very few, members of the SS began to plot against him.  It's notable that the cover the July 20 bombing was given was that it was an attempted assassination by the SS.  At least one member of the SS was actually part of the plot, and the head of the Berlin police was far from a liberal democrat.  Right at the end of the war Himmler was conspiring against Hitler and notably didn't take a place among the suicides at the bunker.

The point is that when people who have been part of a movement begin bailing out, they sense defeat and don't want to be associated with it.

An added point is that with Donald Trump the effective Speaker of the House, and Marjorie Taylor Green acting as the Howler Monkey Sergeant at Arms, Trump's destructiveness has reached a new level.  Republicans lost the Oval Office in 2020 and the Senate in 2022.  Their House representation declined to perilous levels in the same time period. They were supposed to do well throughout it.  Now, not only is Trump causing the GOP to lose at the ballot box, he's causing Republicans to abandon their posts. 

In only one more Republicans leaves, the House will be deadlocked and Mike Johnson out the door.  If two leave, the Democrats are in control.  There will be replacements, but there's no guarantee that they'll be Republicans.

The Conservatives v. The Populists

While, once again, we'll have more on this later, we'll note here that the primary race in the state this year is really shaping up to be a fight between two parties, the Conservatives and the Populists, all of whom register as Republicans.  

Some Conservatives have registered to try to displace Populists, and some Populists are doing the same in regard to Conservatives.  Of note, the importation of out of state Populists is becoming really obvious, that having been a barely noticed aspect of it until very recently.

Populists are going to be howling that their Republican contenders are "RINO"s in short order, when in fact it's really the other way around, and the Populists are a sort of Neo Dixiecrat.  Republicans are late in rising to their challenge, but they are doing it.  

The primary may be quite interesting.

Last prior edition:

Cliffnotes of the Zeitgeist, 62nd Edition. The trowel and musket edition.

Tuesday, March 19, 2024

Wednesday, March 19, 1924. Oil and the GOP.

The Mongolian "Department of Women's Development" was formed as Mongolia slipped into Communist repression.

Oil and the GOP was in the headlines.


I can't find anything about the supposed March 1924, US intervention in Honduras.  There was one later that year.

Governor Carey suggested that Natrona County residents ought to use politics to get irrigation projects advanced in the county.

Last prior edition:

Friday, February 23, 2024

Saturday, February 23, 1924. Electric Trucks.

The Saturday magazines hit the stands, including this issue of Colliers:
The issue had some good articles on it, including one that would still be considered timely.

Politics and oil were a topic.

On oil, the issue had an Autocar Truck advertisement advertising gas and electric trucks. . . the latter being something that locals now insist just can't happen.


And Colt had an advertisement on handguns in a national magazine, something that wouldn't happen now.  While the government is referenced, it's really home protection, a theme we still see, that is being suggested.

The Royal Navy intervened in the ongoing dockworkers strike to move 4,500 bags of mail from the United States.

Albanian Prime Minister Ahmet Zogu was shot twice by an anarchist would be assassin, but survived.

Thursday, February 8, 2024

Friday, February 8, 1924. Nullifying the Teapot leases.

Today In Wyoming's History: February 8: 1924 President Coolidge signed a resolution ordering the Doheny and Sinclair petroleum leases to be nullified due to the Teapot Dome scandal.

And also:



The first execution by lethal gas was carried out in Carson City, Nevada.  Gee Jon, a Chinese national, was the subject of the execution for a gang slaying.

Texas executed five prisoners on the same day, all African Americans, in the first use by Texas of the electric chair.

The Soviet Union created the Nakhchivan Autonomous Soviet Socialist Republic within Azerbaijan.  On January 20, 1990, it became the first part of the USSR to bolt.

Monday, January 29, 2024

Tuesday, February 29, 1924. Air assisted victory.

Secretary of the Navy Fall was so struck by the Teapot Dome Scandal, which took place, of course, on the Naval Petroleum Reserve, that he had fallen ill.


Mexican Federal forces took Esperanza in Puebla in a hard fought battle.

The counter-attack featured strafing runs by Mexican-born American pilot, Ralph O'Neill.


O'Neill had distinguished service with the US Army as a pilot in World War One and held three Distinguished Service Cross citations.  He lived until 1980, dying at age 83 in California.

Saturday, January 27, 2024

Sunday, January 27, 1924. Lenin's funeral.

Entertainer Mary Bay driving a miniature car, Janaury 27, 1924.

The murderous Communist state held a state funeral for the chief gangster, Vladimir Lenin. Temperatures were brutally cold.

Action was pledged on the Teapot Dome scandal


The murderous Communist state held a state funeral for the chief gangster, Vladimir Lenin. Temperatures were brutally cold.

Representatives of Italy and the Kingdom of Serbs, Croats and Slovenes signed the Treaty of Rome, providing that Fiume would be annexed to Italy and Susak to what would become Yugoslavia.

Fiume today is in Croatia, as is the island of Susak.

Wednesday, January 24, 2024

Thursday, January 24, 1924. Different reactions to the use of power.


Oilman Edward L. Doheny testified that he had loaned Senator Albert B. Fall $100,000, when Fall was Secretary of the Interior under Harding, breaking open the Teapot Dome Scandal.

New Mexico Senator Albert B. Fall.

Fall's political career would soon come to an end, and he'd serve a year in prison.

Doheny would be indicted, but acquitted.

Khiva fell to the Red Army.



Sister Marie of the Poor, the former Grand Duchess Marie-Adélaïde of Luxembourg, died of ill health and influenza at age 29.  She had been the last royal of that country to wield real power, which caused her to abdicate after World War One due to her decision to try to steer the country clear of active resistance to the Germans.  Following that, having never married, she had become a nun.

Wednesday, January 17, 2024

What's the matter with Wyoming (and Iowa)?


The other day Robert Reich, whose writing I have a love/hate relationship with, wrote this article:

What’s the matter with Iowa?

I'll admit that I was prepared to dismiss it when I started reading it, but I can't. It's a well reasoned article.

I don't think it sums up everything that's "wrong" with Iowa, but it gets some things right.  This could just as easily be said, about Wyoming, however:

I saw it happen. When I was helping Fritz Mondale in 1984, I noticed Iowa beginning to shift from family farms to corporate agriculture, and from industrialized manufacturing to knowledge-intensive jobs.

The challenge was to create a new economy for Iowa and for much of the Midwest.

I didn’t have any good ideas for creating that new economy, though — and neither did Mondale, who won Iowa’s Democratic caucuses that year but lost the general election to Ronald Reagan in Iowa and every other state, except his own Minnesota.

Yet not until George W. Bush’s reelection campaign in 2004 did a Republican presidential candidate win Iowa again.

When Tom Vilsack was governor of Iowa in the early 2000s and flirting with the idea of a presidential run, he told me he worried that Iowa’s high school valedictorians used to want to attend the University of Iowa or Iowa State, but now wanted the Ivy League or Stanford or NYU. Even Iowa’s own college graduates were leaving for Chicago, Minneapolis-St. Paul, and New York.

Vilsack wanted to know how to keep Iowa’s talent in Iowa — a variant of the question I couldn’t answer for Mondale. By this time I had a few ideas — setting up high-tech hubs around major universities, blanketing parts of the state with free wi-fi, having community colleges supply the talent local industries needed — but they all cost money that Iowa didn’t have.

As The New York Times’s Jonathan Weisman noted recently, Iowa continues to lose more than 34 percent of its college graduates each year. Illinois, by contrast, gains 20 percent more college graduates than it produces. Minnesota has about 8 percent more college grads than it produces.

This talent migration has hastened America’s split into two cultures, not just in Iowa and the Midwest but across the nation.

But not entirely.

The thing people like Reich don't get is that much of the country doesn't want to become an upper middle class urban cesspool.  Places that people like Reich worship are largely abhorrent in living terms.  There's a reason that people look to rural areas and an idealized past.

But people also lash themselves to a dead economy as if it'll come back, even if it means losing track of reality at some point, or even if it means becoming something they claim to detest, welfare recipients. This has happened all over the US.

Something needs to be done to revitalize the main street economy, and people like Reich don't have the answers because at the end of the day, all American economists see things the same way.  Everything is corporate, the only question is how much, if any, restraint you put on corporations.

Distributism would cure a lot of this.

If we had a more Distributist economy, we'd have a more local one.  For rural areas, that'd mean much more local processing of locally produced goods.  There's no reason for the concentration of the meat packing industry, for example. Beef could be packed locally.  At one time, my family did just that. And that's only one example.

If the economy was reoriented in that fashion, local industry would expand a great deal.  The thing is, of course, not all of those jobs would be the glass and steel mind-numbing cubicle jobs that all economists love.

But here's the other thing.  As long as the economy is oriented the way it is, rural states are going to be colonies of urban areas, just as much as, let's say, French Indochina was a colony of France, or Kenya a colony of the United Kingdom.  Exploitative, in another word.  It's not intentionally so, it is an economic reality.

The problem there is that in those sorts of economies everything is produced for export alone, and everything is precarious.  That gets back to my Distributist argument above.

But it also gets to a certain cultural thing in which those deeply aligned with the economy, which includes most people, can't see anything thing else. As long as the economy keeps working, that's okay. But when changes come, that can be a disaster.

Wyoming's very first economy was the fur trade, if we discount the native economy (which is a real economy, and accordingly should not be discounted).  Contrary to the popular belief, the fur trade was not displaced, it just was never really very large, and therefore it diminished in importance when other things came in.

The other things were 1) agriculture, which came first, followed by the 2) extractive industries.  Both are still with us.  Agriculture has suffered to a degree as the naturally distributist industries that support it have been sacrificed on the altar of corporate economics and consolidation.  The state, for its part, did nothing to arrest that trend and simply let it happen.  In part, that's because the state has always deeply worshiped the thought that the extractive industries will make us all rich and nothing is to be interfered with, including losing local production of the raw resources that are first produced here.  I.e., we don't refine the oil as much as we used to, we don't pack the meat, we don't process the wool. . . . 

And the extractive industries certainly have made a lot of people and entire communities rich, there's no question of it.

But the handwriting is on the wall.  Coal is declining and will continue to do so.  And a massive shift in petroleum use is occurring, which Wyoming cannot stop.  Petroleum will still be produced far into the future, but its use as a fuel is disappearing.  Petrochemicals, on the other hand, are not.

We seemingly like to think we can stop those things from changing in any form.  We've tried to through lawsuits and legislation.  And yet it turns out that people buying EV's don't listen to our litigation or legislation, any more than they do to Nebraska's Senator Deb Fischer's whining about recharging station funding.  Like some who can't face death due to illness, we'll grasp at what we can, rather than adjust.

Part of that is listening to people who tell us what we want to hear.  A lot of politicians have tried to gently tell us the truth of what we're facing.  Governor Gordon did just recently. When they do that, they're castigated for it.

In 1962's The Days of Wine and Roses the plot follows a man who is a social drinker and introduces alcohol to his girlfriend. They marry, and over time they become heavy drinkers.  He finally stops drinking, his wife having left him, and finds her in an apartment, where she is now a hardcore alcoholic.  He resumes drinking then and there, in order to be with her.

In the end, however, he reforms and quits. She doesn't. We know how that will end.

That's a lot like Wyomingites in general.  We've received the hard knocks and blows.  Some of us are going to put the bottle down and face the day, some are not going to under any circumstances.

For some, it's easier to believe that a "dictator for a day" can order the old economy restored and reverse fifty years of demographic change, while reversing supply, demand, and technology to sort of 1970s status.  In other words, go ahead and have another drink, it won't hurt you.

But in reality, it might, and probably will.

Wednesday, January 10, 2024

Thursday, January 10, 1924. Soaring oil prices.


The sort of headlines that Wyomingites love to read, at least until they go to buy gasoline at the pump.

Wyoming, as we've explored here before, crossed over from being primarily an agricultural economy to an oil one due to World War One, with 1917 really being the demarcation point.  From that point forward the state drank so deeply of petroleum that it has never been able to see itself as anything but a petro state, even while keeping Steamboat as its symbol.  A century later, to suggest that the evolution of technology and other factors mean that this industry will decline is nearly regarded as treasonous.  Perhaps as a result, the state has neglected its other industries.

The Cohn-Brandt-Cohn film company (CBC) changed its name to Columbia Pictures.

France imposed a curfew on the Rhineland and closed its borders, save for railroads and food transportation.  The move was due to the murder of Franz Josef Heinz the prior day.  The French were so strict on the matter that they refused to let British officials in to investigate separatist movements connected with the incident.

Related Threads:

1917 The Year that made Casper what it is. Or maybe it didn't. Or maybe it did.

Tuesday, January 9, 2024

Wednesday, January 9, 1974. Oil.

OPEC voted to freeze oil prices for three months.  Saudi Arabia had been willing to reduce them, but Algeria, Iraq, and Iran, had not been.

Ronald and Nancy Reagan upon Reagan's 1966 Gubernatorial victory, and one decade away from his first run for the GOP Presidential ticket.

Actor turned politician Ronald Reagan delivered California's State of the State address, noting the oil crisis but asserting it was an opportunity to develop resources, freeing the US from foreign petroleum.

Wednesday, January 9, 1924. Oil.


 Oil in Mexico, oil at Teapot Dome, Oil prices.

Oil.

The intersection of N40th St and Meridian Ave N, Seattle, Washington, January 9, 1924.

The market capitalization of Ford Motor Company exceeded $1 billion for the first time. 

Palatine seperatist Franz Josef Heinz was murdered by member sof the Viking League with the permission of the Bavarian government.

The Bishop of Speyer, Ludwig Sebastian, would refuse to give Heinz a church burial.

Sunday, January 7, 2024

Monday, January 7, 1974. Sweden rations gasoline.

Gas rationing began in Sweden, the first Western nation to do so in response to the ongoign crisis caused by the Arab Oil Embargo.

The four-year-long Gombe Chimpanzee War broke out in Tanzania's Gombe Stream National Park.

Margaret Queen Adams.

Margaret Queen Adams, née Margaret Queen Phillips, the first female deputy sheriff in the United States died at age 99. She had served in the Los Angeles County Sheriff's Department from 1912 to 1947.  She worked in the evidence department.