Antimony is not commercially mined in the US and China is pressuring us as a supplier. This is a critical mineral in the production of arms for military use around the world. A New Resource War Is Looming as America Runs Out of Ammo | OilPrice.com You see, Western powers have embarked on a $100 billion spending spree… Read More »
Today is classic pseudo science. USA Today headlines blare out “Vast deposit of ‘white gold’ in Arkansas could be stunningly valuable”. Nothing so idiotic as a cub reporter with zero knowledge in an industry. https://www.usatoday.com/story/news/nation/2024/10/23/lithium-deposit-under-arkansas-could-fix-global-ev-battery-problem/75808246007/ Arkansas may be home to a vast resource that could reshape the world’s energy needs: a valuable battery component called lithium that’s been… Read More »
Department of Energy and Environment will oversea a hearing with an administrative judge over royalty payments to the Lithium mineral owners in October. The O & G Comm. will then meet Nov. 4-5 to decide. from https://www.arkansasonline.com/news/2024/oct/02/prehearing-regarding-lithium-royalties/ “An Arkansas Oil and Gas Commission spokesperson confirmed Wednesday the prehearing for the lithium royalties application, where applicants and objectors to… Read More »
This is what Kamala wants to do…God help us all. •Higher taxes to make “corporations and the wealthiest Americans pay their fair share.” Without defining “fair,” she endorses the $5 trillion in tax hikes in Mr. Biden’s budget, including a 25% tax on the unrealized capital gains on top earners. As far as we can tell, she differs… Read More »
Lithium producers are arguing that they cannot afford high royalties (like the normal 12.5% paid oil and gas) and want lithium royalties to be limited to 2% or less. Or, use the lease system to pay royalty like the bromine producers do. They pay a flat per acre charge of around $60/acre per year. That metric was set… Read More »
Called one of my old oil field buddies, who like me, is 74 and still working alongside another of my buds (the 3 of us went to grad school together), and we were talking about the future of oil and gas. Gas is hopeless. The nation has a huge glut of it and it was actually below $2… Read More »
The hot play of 2023 was the Lithium leasing play in South Arkansas. That play focuses upon Exxon’s involvement as well as the high, but since fallen, price of lithium. The Lanxess project indicates that it is economy to extract lithium from the tail waters of the nearby Great Lakes bromine facility. The bromine is extracted from produced… Read More »
The myth of the “One Hundred Year Flood” continues as FEMA maps both the 100 and the 500 year flood without any reference whatsoever to actual flood records. Today people are building houses in areas that are outside the “100-year flood zone” only to get inundated with water in their houses a few years later. Below is the… Read More »
Record low prices for natural gas means basins like the Barnett and Fayetteville are dead. Currently the rig count is down about 100 rigs. And gas prices are bottoming out at $1.80, prices similar to that of 40-50 years ago. Insanely low but all due to one reason. Associated gas. Associated gas is produced as a byproduct of… Read More »
The lithium boom of S Arkansas begs the question of how to pay the royalty owners. This is a problem as it is not like normal oil and gas production. The lithium carbonate is gleaned from the tailwaters of the bromine plants and so the owners are paid a per acre royalty there that is annually adjusted to… Read More »