“There’s a myth in the United States that market forces are working to control prices,” Professor Danzon said. It’s clear that they aren’t. But the market isn’t delivering the innovation we need, either.”
A Dearth in Innovation for Key Drugs
JULY 22, 2014
2) Дедушкино серебро всемогущих Саудиков
Saudi Arabia gives green light to ease foreign ownership restrictions
“Foreign investors are poised to enter Saudi Arabia’s US$531 billion stock market after the government gave the go-ahead for foreign ownership restrictions to be eased.
The kingdom’s cabinet had allowed foreign financial institutions to buy and sell stocks directly on the Tadawul All Share Index, the official news agency, SPA, said yesterday.
“If Saudi Arabia was to join the MSCI Emerging Markets, it would get a weighting of between 4 and 5 per cent, similar to that of Russia,” said Mr Belondrade.”
Дойдёт ли до верблюжьих москов хвостов сей прозрачный намёк?
3) Разносчики spam
4) «С [вырождением] повестки дня изменилось и качество спонсорства [ослоников / слоносликов]. Ещё при Билле Клинтоне ведущим «мотором» кампаний [ослоников] стал фонд [игорного магната] Джорджа Сороса в разных обличьях, а [слоносликам] «давал старт» игорный магнат Шелдон Адельсон (также основной благодетель израильского «Ликуд»)».
5) Race for North Dakota’s agriculture commissioner is all about oil
By Ernest Scheyder TOWNER North Dakota Tue Jul 22, 2014 1:19pm EDT
(Reuters) – “North Dakota’s biggest oil producers have picked a side and put money into an obscure election for the state's agriculture commissioner, hoping to ward off a rising Democratic challenger who could limit development of new wells and pipelines.
With a legislature that meets only every two years, North Dakota has given an unusual amount of power to the agriculture commissioner and two other members of the state's Industrial Commission, charging the triumvirate with oversight of permitting and other issues critical to the oil industry, which hopes to drill 35,000 new wells within 15 years.”
«Француз (ковыряя в зубах):
Обещали и делим поровну:
одному — бублик, другому — дырка от бублика.
Это и есть демократическая республика». ©
By Ben Casselman
“…The question is about getting it out. A well’s production rate — how much oil it pumps in a given amount of time — falls quickly, and wells drilled into shale rock like the Bakken decline especially fast, as much as 70 percent in the first year. That means oil production is a treadmill: Companies have to keep drilling just to keep production flat. The more they produce, the more they have to drill to keep up.”
“There are signs North Dakota may already be struggling to stay on the drilling treadmill. The number of drilling rigs operating in the state peaked in 2012 and has been trending down. So far, that decline has been offset by two other trends: Drilling is getting faster, meaning each rig can drill more wells, and drilling techniques are improving, meaning the wells themselves are getting better. Taken together, the trends add up to big gains in productivity. In 2007, according to EIA data, a rig working for a month could be expected to add about 116 barrels of oil to the state’s daily production total. In 2013, that number had more than tripled, to 378 barrels a day; over the past three months, per-rig productivity has topped 500 barrels per day.1
There’s a practical limit to how long those gains can continue, however. Drilling efficiency — how many wells a rig can drill in a given period — has been essentially flat over the past year.2 The wells themselves, meanwhile, are getting better at least in part because companies are drilling longer “laterals,” the sections of wells that run horizontally through the shale rock. In 2007, the average well in North Dakota was about 17,000 feet long (including both the vertical and horizontal portions); in 2013, the average well was nearly 20,000 feet long. But that rate of growth, too, is slowing as companies reach the technical and economic limit of how far they can drill.”
Ка-а-а-роче: drill, baby, drill! ©