FiveThirtyEight
"In political terms, the decline in the Dow is potentially important."
Marketplace Business News
"It's too soon to know exactly what happened, but it's also too soon to panic. The fundamentals of the economy are still strong."
February 5, 2018 8:45 pm Update
I struggle to understand apparent power vs true power but I realize 99% of Americans don’t understand power factor at all.🔌🔋⚡
Snow is coming
It looks like we will be getting 8-12 inches of snow on Wednesday. ❄ Normally I wouldn’t care but I need to move my truck before the snow comes, and I’m not sure if I want to just move my truck across the driveway and then leave it parked for another 5-6 days. I have a pretty good battery in the truck, and I’ve been careful with this battery to never let it get overdischarged, but I don’t like the idea of parking the truck, especially in the winter without a full charge.🔋
I will have to go to the store tomorrow. Not sure which store I will go to, but I am sure there must be something I need for my pantry. Maybe some honey🐝 and I sure do like those Hannaford Cream-os. 🍪Although, I admit I do try to avoid eating sugary food, except when I’m camping and I need the calories. 🍬But I don’t know. I do get paid tomorrow, so I will have money. I do have to pay off my credit card 💳and other expenses but I’ll figure out a a way to make that happen. It does look like this week I will get a good deal on my automatic stock purchases for retirement and investing. 📉 So that’s a good thing.
Dow Plunges 1,175, The Biggest Point Drop In History
Why do people fret when the stock market goes down, but get excited for holiday sales, because they'll save so much money?
Oil and Gas Lease Sales
The last state oil and gas lease sale was in 2006 for a handful of state forests in Central New York and the Southern Tier. The auction brought in $8.98 million into the state, not including royalties for successfully drilled wells.
Yearly State Leasing Data
"In 2014, NYS Department of Environmental Conservation administered 79 leases on 44,464 acres of state land in Allegany, Cattaraugus, Cayuga, Chautauqua, Chemung, Erie, Ontario, Schuyler, Seneca, and Steuben Counties. There were 237 wells located on and/or unitized with state land associated with 65 of these leases paying production royalties."
"The 44,464 leased acres are unchanged from 2013."
"Revenues from oil and gas leases on state lands totaled $361,568 in 2014, a decrease of $41,072 from 2013. The decrease in leasing revenues paid to the state is attributed primarily to the drop in oil and natural gas prices during 2014. The average price of oil decreased from $98.45/bbl in 2013 to $94.75/bbl in 2014, while the average wellhead price of natural gas decreased from $3.52/mcf in 2013 to $3.34/mcf in 2014."
"Although nearly 59,000 acres of state land have been leased since 1999, only 37 (0.06%) of these acres have been disturbed by well drilling, access road and pipeline construction."