Matching Funds for West Side War and Pool

[Lost Poke]

The oil down turn is independent of the virus.

And honestly, while an epidemic certainly is not what I had in mind, the lack of developing more economically in Wyoming is just going to hurt even more as time goes on. Relying on the old "Boom & Bust" thing needs to be left behind. And already, coal is going the way of the dodo, with more plants closing all the time (worldwide at that), hampering ourselves like a number of places in say, West Virginia and Pennsylvania to spite our nose, is stupid.

No it isn't. The oil downturn is absolutely a result of the coronavirus pandemic.

Just in March, coronavirus had a 25% impact on total global bpd oil demand and it is expected to grow in April/May. There is no precedent for that (not even the Middle East oil embargo of 1973). The coronavirus gave Saudi Arabia and Russia the opportunity to accomplish its goals: sink US shale and gather larger market shares. Without the coronavrius pandemic, it just isn't possible to flood the market with enough oil to sink US shale as Saudi Arabia learned in 2014/2015 (i.e. Saudi and Russia don't have enough spare capacity to achieve those means in normal operating conditions without demand limitation).

There was a lot of price pressure for oil and gas before the pandemic due to Saudi production, but pandemic definitely kicked it up a couple hundred notches

 

[OrediggerPoke]

The oil down turn is independent of the virus.

And honestly, while an epidemic certainly is not what I had in mind, the lack of developing more economically in Wyoming is just going to hurt even more as time goes on. Relying on the old "Boom & Bust" thing needs to be left behind. And already, coal is going the way of the dodo, with more plants closing all the time (worldwide at that), hampering ourselves like a number of places in say, West Virginia and Pennsylvania to spite our nose, is stupid.

No it isn't. The oil downturn is absolutely a result of the coronavirus pandemic.

Just in March, coronavirus had a 25% impact on total global bpd oil demand and it is expected to grow in April/May. There is no precedent for that (not even the Middle East oil embargo of 1973). The coronavirus gave Saudi Arabia and Russia the opportunity to accomplish its goals: sink US shale and gather larger market shares. Without the coronavrius pandemic, it just isn't possible to flood the market with enough oil to sink US shale as Saudi Arabia learned in 2014/2015 (i.e. Saudi and Russia don't have enough spare capacity to achieve those means in normal operating conditions without demand limitation).

There was a lot of price pressure for oil and gas before the pandemic due to Saudi production, but pandemic definitely kicked it up a couple hundred notches

Surprisingly, natural gas prices are expected to INCREASE as a result of the pandemic. Natural gas is more of a national market due to transport issues and the demand for natural gas hasn't decreased anywhere close to the amount that oil has suffered from the pandemic. The problem for natural gas has been that oil drilling has also produced a lot of 'associated gas' which has flooded the US market for the past 7-8 years. With the downturn and big decreases in oil drilling expenditures, supplies for natural gas are projected to tighten considerably. This might actually save companies like Ultra Petroleum from bankruptcy; but increases in natural gas prices would likely lead to increases in domestic utility rates at a very poor time for such increases.

 

[OrediggerPoke]

Well, this isn't good news...

https://www.laramieboomerang.com/news/local_news/legislature-puts-uw-buildings-on-hold/article_c7f562a0-40bc-5de9-8da1-277cd502c00e.html

Things have become much worse. Governor suggests now that the legislature will need to reconvene for a 'special legislative session' due to the massive funding shortfall that was not anticipated in the budget which was just recently completed. With oil prices collapse to $20/bbl and the tourism industry slated to take a major hit this summer, the State's deficit will be scary bad.

Given all of this, I don't think any capital projects will be funded for years to come.

Yeah, that $20 number is scary. Down in here in CO, there is a lot of worry about shale operators and their debt loads - many of them have bonds and credit payments coming due this year and they won't have the cash, or obtain additonal credit, to meet those obligations. It could really be a bloodbath.

Whiting Petroleum (I believe Colorado's 4th largest driller) filed bankruptcy today. And so it begins.

 

[303cowboy]

Interesting timing for the University to request proposals for Construction Managers for Student Housing and Dining facilities

The project will consist of 1,000 beds of freshman housing including programmatic support spaces
and an 850-seat dining facility. The existing transit stop adjacent to the Wyoming Union will be
relocated to the intersection of Willett Drive and 15
th Street. A landscaped lawn will be created to the
east of the Wyoming Union in place of the current parking lots. Demolition of Wyoming Hall and
related utilities infrastructure is not part of the scope and will performed via separate contract.

The Student Housing and Dining project will be sited between the College of Business and Lewis
St., just west of 15
th Street in Laramie, Wyoming. An existing structure, Wyoming Hall, is currently
located on the site. Its abatement, deconstruction and utility relocation is anticipated to be
constructed via a separate contract. Also via separate contract are the heating and cooling supply
lines that will be routed to the building from the West Campus Satellite Energy Plant, currently under
construction.

The total construction budget is $120,000,000.00. The University has chosen to include a CMAR
during the design phase to participate in estimating, scheduling and constructability reviews prior
to construction. The total anticipated construction duration is 24 months.

 

[Bryoming]

Interesting timing for the University to request proposals for Construction Managers for Student Housing and Dining facilities

The project will consist of 1,000 beds of freshman housing including programmatic support spaces
and an 850-seat dining facility. The existing transit stop adjacent to the Wyoming Union will be
relocated to the intersection of Willett Drive and 15
th Street. A landscaped lawn will be created to the
east of the Wyoming Union in place of the current parking lots. Demolition of Wyoming Hall and
related utilities infrastructure is not part of the scope and will performed via separate contract.

The Student Housing and Dining project will be sited between the College of Business and Lewis
St., just west of 15
th Street in Laramie, Wyoming. An existing structure, Wyoming Hall, is currently
located on the site. Its abatement, deconstruction and utility relocation is anticipated to be
constructed via a separate contract. Also via separate contract are the heating and cooling supply
lines that will be routed to the building from the West Campus Satellite Energy Plant, currently under
construction.

The total construction budget is $120,000,000.00. The University has chosen to include a CMAR
during the design phase to participate in estimating, scheduling and constructability reviews prior
to construction. The total anticipated construction duration is 24 months.

Life is going to go on after this all blows over. These construction projects have been approved and budgeted. If they don't let for bid the money disappears.

 

[LanderPoke]

real stupid to get rid of the parking lot there

 

[Lost Poke]

real stupid to get rid of the parking lot there

In practical terms, yes. But I bet they figured the land generates more money with the new buildings on it. At least that's why there are fewer surface lots around Denver every year.

 

[Asmodeanreborn]

There was a lot of price pressure for oil and gas before the pandemic due to Saudi production, but pandemic definitely kicked it up a couple hundred notches

They're definitely taking the opportunity to kill U.S. oil companies with all that's going on. It might backfire on the bastards, though. If we go into a serious recession/borderline depression, I could actually see our politicians unifying around large non-fossil energy projects and infrastructure to get people out of unemployment.

Whatever happens, I hope we somehow kick the Wahabist asshats in the teeth. The shit we turn a blind eye to them financing is sickening.