“The most fun with parentheses you’ll ever have”
❝ In 1967, 20-year-old Kathrine Switzer made history when she defiantly became the first woman to officially run in the Boston Marathon — even as race officials tried to physically stop her.
Fifty years later, she finished the race again, donning the same number: 261.
❝ “I just ran the fastest marathon I’ve run in 46 years,” she told NBC News after crossing the finish line Monday.
❝ It’s an impressive feat for someone whose coach once told her, “No dame ain’t ever run no marathon.”
Her story is well-known, especially to female runners.
As well as aficionados of sport – and more. RTFA for the whole story. She’s still an example for us all.
Idjits love him…
Thanks, Barry Ritholtz
❝ When ConocoPhillips signed a $13.3 billion deal last month to shed many of its Canadian assets, it became the latest in a growing list of foreign firms to sell tar sands holdings to a Canadian company…
All told, five American and European companies have sold nearly $25 billion worth of Canadian oil and gas projects over the past 12 months, the vast majority of them in the tar sands. This week, Reuters reported that Chevron is exploring a sale of its major oil sands stake.
❝ Tar sands projects are among the most expensive sources of oil, and the extraction produces more greenhouse gas emissions than most conventional drilling. With oil prices remaining low, multinationals are shifting investment to higher-return projects like shale in the United States. When Marathon Oil announced the sale of its tar sands projects for $2.5 billion in March, for example, it also highlighted a $1.1 billion purchase in the Permian Basin of New Mexico and Texas. While economics is the leading factor in the sales, some advocates argue that climate change is playing a role, too…
There is one notable exception to the trend: ExxonMobil. The company has been a leader in exploiting the tar sands for half a century, largely through its Canadian affiliate Imperial Oil. Even before the sales, it pumped more oil from Alberta than any foreign company. And despite Exxon’s recent announcement that it had wiped off its books all 3.5 billion barrels of reserves at one of its tar sands projects — a move forced by financial reporting rules — the company has said it remains committed to the resource. That position is now looking increasingly isolated.
I’m really not certain why anyone is carrying tar sands projects forward. It will always require producers to expend more energy per BTU-capability of product and natural gas just keeps getting cheaper to produce. Even our so-called President with his plans to cut environmental requirements for coal can’t beat the lower cost of natgas and renewables like solar.
I guess Canadian companies figure they can always get bailed out by the Canadian government if and when the projects flop. Conservative government or otherwise.