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Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

Peyto Exploration & Development Corp. is a Canadian energy company involved in the development and production of natural gas, oil and natural gas liquids in Alberta's deep basin. The Alberta Deep Basin is a geologic setting situated on the northeastern front of the Rocky Mountain belt in the deepest part of the Alberta sedimentary basin. It acquired Repsol Canada Energy Partnership (Repsol Assets), which included around 23,000 barrels of oil equivalent per day of low-decline production and 455,000 net acres of mineral land. The acquisition includes five operated natural gas plants with combined net natural gas processing capacity of around 400 million cubic feet per day, 2,200 kilometers (km) of operated pipelines, and a 12 MW cogeneration power plant. These assets include Edson Gas Plant and the Central Foothills Gas Gathering System. The Company has a total proved plus probable reserves of approximately 7.8 trillion cubic feet equivalent (1.3 billion barrels of oil equivalent).


TSX:PEY - Post by User

Post by llerrad5on Jul 01, 2022 1:21pm
195 Views
Post# 34796432

On Global cooling

On Global coolingA 1970's myth??  Scientists were as adement then about cooling as they are to day about whatever they choose to call it. Warming climate change etc.

Now some want to try and look "smarter" to say it was a myth. I rember the headlines clearly.

Choose your medicine.

• “The Earth’s Cooling Climate,” Science News, November 15, 1969.• “Colder Winters Held Dawn of New Ice Age,” Washington Post, January 11, 1970.• “Science:  Another Ice Age?”  Time Magazine, June 24, 1974.• “The Ice Age Cometh!”  Science News, March 1, 1975.• “The Cooling World,” Newsweek, April 28, 1975.• “Scientists Ask Why World Climate is Changing; Major Cooling May Be Ahead,” New York Times, May 21, 1975.• “In the Grip of a New Ice Age?” International Wildlife July-August, 1975.• “A Major Cooling Widely Considered to Be Inevitable,” New York Times, September 14, 1975.• “Variations in the Earth’s Orbit, Pacemaker of the Ice Ages,” Science magazine, December 10, 1976.

Reporters told the public about global cooling in the same confident tone used in today’s coverage about global warming, creating the strong impression that no reasonable person could disagree. 

“The evidence in support of these predictions [global cooling] has now begun to accumulate so massively that meteorologists are hard-pressed to keep up with it.” The Cooling World“A study release last month by two NOAA scientists that the amount of sunshine reaching the ground in the continental U.S. diminished by 1.3% between 1964 and 1972.” The Cooling World“Telltale signs are everywhere...the thickness of the pack ice...the southward migration of warmth-loving creatures like the armadillo...”  Another Ice Age?“Since the 1940s the mean global temperature has dropped about 2.7 degrees.” Another Ice Age?“The threat of a new ice age must now stand alongside nuclear war as a likely source of wholesale death and misery for mankind,” The Ice Age Cometh!



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