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According to a writeup in the Texas Tribune ( https://www.texasobserver.org/brownsville-lng-pr-elected-officials /) , several of our local p...
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Dr. Lorenzo Pelly M.D., Lic. No. G2453, Brownsville On August 20, 2021. The Board and Lorenzo Pelly, M.D., 2012 Valley Baptist Physician ... -
HTML Source Code: Leo Quarterback from Leo Rosales on Vimeo .
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By Rene Torres Mike Pizano today Mike Pizano is an old school barber that started his trade in 1984 at the tender age of twenty- five, int...
A gathering of aging hippies trying to re live their glory days! Keep spreading your anti LNG lies to the gullible un educated RGV masses. Don't be so angry hippies. Join the modern world. Yes to LNG! It's coming weather you like it or not. See you at the ribbon cutting!
ReplyDeleteFree economics lesson: The "modern world" saw the lowest price per barrel of oil since 2009 this week. The peso is falling due to being tied to the price of oil. What all this means is, there is a glut of oil and the industry is cutting back on refining and production.
DeleteThis is why the Tenaska deal fell through (even though PUB is still charging us for it). To suggest that we need a new refinery plant while oil prices are hitting record lows and dropping, is insane. There is an excess of supply and not enough demand.
I surmise your only motivation for wanting LNG to go through, despite knowing this, is either : 1. You are involved with the LNG sale and have a deal in place to receive kickbacks or a promised job or 2. You fundamentally misunderstand basic economics.
From the Wall St. Journal:
MEXICO CITY—The drop in Mexican crude oil prices this week to around $20 a barrel is likely to put pressure on an already tight budget of state oil company PetrΓ³leos Mexicanos, while government revenue is protected at least this year by oil price hedges.
But the fall in Mexico’s export crude price, which dipped below $19 on Wednesday and sent the Mexican peso to new lows against the U.S. dollar, raises concerns that Pemex may have to make further cutbacks.
“Lower oil prices will further weaken cash flows for exploration and production companies and the upstream portion of integrated oil and gas companies,” Moody’s said. “This will cause further deterioration in financial ratios, including deeper negative free cash flow.”
- Capitalist Hippie
Dear Anonymous Coward, Quit your whining, you running dog of the capitalist masters. Your time is up. If you want to breathe polluted air go to Houston. Go frack yourself.
DeleteYou ignorant P.O.S.; you have the nerve to call us hippies "uneducated".
ReplyDeleteDoes your sentence (It's coming weather you like it or not) make any sense?
The proper word is "whether", not "weather" you ignorant moron!!!!!
YOU are the gullible one who is sucking in the BS lies that are being crammed upon us by career politicians who are in it just for themselves.
Uneducated are those who don't mind a few jobs at the expense of our environment.
ReplyDeleteI bet you smoked a lot of VC dope when you were pealing potatoes in the Nam. Did I spell potatoes correctly ? You should know. Take a bath and join the modern world. Hell, I may be able to find you a job at one of the LNG cafeterias ! Do you ever wounded why only a handful of people show up at your meetings? It's because the majority of people support Bringing jobs and industry to the underserved RGV. At least we can agree that this is blog is an asset to this community. Thanks Jim!
ReplyDeleteI don't believe you are as ignorant and illiterate as you are portraying yourself. (peeling not pealing; wondered NOT wounded)
DeleteYou are nothing more than an "internet troll" and "ASS to this community" looking for attention.
Time for you to grow up, take a bath, drop the Cheetos, and get out of your parent's home and join the modern world.
You are not worth the keystrokes replying to you anymore.
ADIOS MOFO
An extremely led EPA states these LNG facilities are safe. PERIOD. End of story. The narrative against LNG is without fact. No need for name calling, time for adults to act as adults. RGV needs jobs and LNG is bringing jobs. Oil and Gas will rise and fall throughout the years. The facilities will create a long term stream of tax revenue needed in the area. Again EPA has approved these facilities.
ReplyDeleteYou don't even know the facts. Do more research!
Deleteits bringing jobs along with the pople to fill them.
DeleteThe millions LNG is asking for could equally be spent putting solar panels on every home in Brownsville with 3 or more inhabitants. This would create a surge of local skilled construction and electrician jobs for years. The sun will go on forever through our lifetimes and our children's lifetimes, while oil will run out in the next 100 years. The price of oil now is so low it is ludicrous to build another refinery o flood the market with more of it, at the expense of our beaches, health and tourism industry.
ReplyDeleteLook at Flint, Michigan and what happened to their water supply. The EPA certified those activities as safe once upon a time. Besides, why invest in a dying, dirty technology, for a few jobs (being advertised to Mexicans for cheap labor), when we could create our own clean energy independent initiative and get free electricity from the sun, reduce our electric bills dramatically, reduce dependence on oil, while putting skilled contractors and electricians and HVAC guys to work here in the city. Just throwing a thought out there.
-Capitalist Hippie
Do you even KNOW what LNG stands for? Liquid Natural GAS, not oil. Oil and Gas fluctuates in price, always has and always will. LNG has nothing to do with Flint Michigan. The problem in Flint is infrastructure, period! Quit trying to scare off companies who are bringing jobs.
ReplyDeleteAs far as LNG asking for millions in incentives, keyword is "ask". All large companies ASK for incentives. Read the entire package concerning 313 plans before immediately dismissing the offer. LNG companies are actually offering a funding package which brings in MORE money for districts than incentives they receive. Oh but its much easier to bitch about LNG instead of learning what they offer.
Um, oil and gas are fundamentally the same thing. One is hydrocarbons in a liquid state, the other is hydrocarbons in a gas state. Refining both of them boils down to (pun intended) distilling out and concentrating highly explosive material while releasing pollution cast-offs into the neighboring area. Their prices are tied together by the market.
ReplyDeletePoint being, there was an explosion a few years ago in Texas City and you could see the smoke plume from as far away as Houston. It looked like a volcano had erupted. The force of the explosion blew out the windows on homes a mile away. Accidents can happen at any stage of the process. Particularly with volatile gases under pressure, and of course, the unpredictable element of human error.
You are asking taxpayers to subsidize a billion dollar corp whose real aim is to maximize profit by hiring low wage people across the border. Let's be honest, the jobs are being marketed to Mexicans. I've been in Matamoros and heard LNG's 60 second ads. We don't want this in our backyard. The capitalist in me asks, why invest in a dirty technology targeting cheap foreign labor, when there are burgeoning clean energy techs to provide a better return on investment for years to come. We should be investing forward, not backward. Focusing on safe, long term returns, not dirty, short-sighted profits.
We have already felt the effect of corporate greed from the BP oil disaster in the gulf, which affected our fishing and shrimping. The Texas City gas explosion which killed several people. The mass poisoning in Flint Michigan is just the latest example of things that go wrong when profit maximization takes precedence over protecting the enviroment people live and breathe in.
It's truly difficult to comprehend the logic behind building an LNG plant here, smack in the middle of our fishing, birding, shrimping and tourism hubs. Runoff waste near endangered sea turtle rehabilitation sites and protected egg nesting beaches. Sea turtles don't produce any money for LNG and I suppose, therefore don't factor into consideration. But they are a source of joy and pride for those who have lived here all our lives. Those of us who remember Mrs. Kemp the "Turtle Lady" and her tank full of injured and rescued turtles she was trying to save. It's truly difficult to fathom how LNG arrived at the conclusion that building a waste spewing, explosion-prone plant in this area could in any way be considered a good idea.
CH