Stock market
Options
Comments
-
cincybearcat said:US inflation seems worse…
https://www.statista.com/statistics/1034154/monthly-inflation-rates-developed-emerging-countries/If a main cause of high inflation is energy prices, why wouldn’t the expectation be US inflation is a bit higher than the other G20 nations?
I love the GOP screaming about inflation, but they insisted this country be build as a car driving empire, while fighting mass transit projects for decades, and now fighting renewable energy alternatives - leaving the US highly vulnerable to oil price spikes0 -
Lerxst1992 said:cincybearcat said:US inflation seems worse…
https://www.statista.com/statistics/1034154/monthly-inflation-rates-developed-emerging-countries/If a main cause of high inflation is energy prices, why wouldn’t the expectation be US inflation is a bit higher than the other G20 nations?
I love the GOP screaming about inflation, but they insisted this country be build as a car driving empire, while fighting mass transit projects for decades, and now fighting renewable energy alternatives - leaving the US highly vulnerable to oil price spikes
you cannot produce more domestically to somehow separate it from the global market.Refineries can’t just refine all kinds of oil anyway as they aren’t set up that way. That’s why we export oil and still import oil from elsewhere.
Different types of oil are also used for different things. Oil isn’t all the same
I would suspect as larger per capita users of oil, the US is probably more exposed energy price increases. Gas in Europe is astronomically more expensive but you can choose not to drive and still get where you need to goPost edited by Cropduster-80 on0 -
This is a good article. And this isn’t just energy prices though they are a major factor.
https://www.nbcnews.com/business/consumer/inflation-rate-higher-consumer-prices-driving-forces-rcna24128hippiemom = goodness0 -
cincybearcat said:This is a good article. And this isn’t just energy prices though they are a major factor.
https://www.nbcnews.com/business/consumer/inflation-rate-higher-consumer-prices-driving-forces-rcna24128The others mentioned, interest is a result of the current economic conditions, and as far as labor increases, the article discusses lower wage workers leaving jobs driving up costs…states were raising minimum wage laws about five years before the current inflation trend began, so im not convinced the $15/hour Big Mac workers are impacting as much as energy is in the states.
I agree nothing is 100%, which is what makes politics so difficult. I see the current rise in green energy as a big contributor to rising energy prices - oil and gas industries are investing less in exploration and drilling, choosing to instead maximize profit taking with the coming renewable revolution, yet very few agree it is a primary reason.0 -
Lerxst1992 said:cincybearcat said:This is a good article. And this isn’t just energy prices though they are a major factor.
https://www.nbcnews.com/business/consumer/inflation-rate-higher-consumer-prices-driving-forces-rcna24128The others mentioned, interest is a result of the current economic conditions, and as far as labor increases, the article discusses lower wage workers leaving jobs driving up costs…states were raising minimum wage laws about five years before the current inflation trend began, so im not convinced the $15/hour Big Mac workers are impacting as much as energy is in the states.
I agree nothing is 100%, which is what makes politics so difficult. I see the current rise in green energy as a big contributor to rising energy prices - oil and gas industries are investing less in exploration and drilling, choosing to instead maximize profit taking with the coming renewable revolution, yet very few agree it is a primary reason.Scio me nihil scire
There are no kings inside the gates of eden0 -
static111 said:Lerxst1992 said:cincybearcat said:This is a good article. And this isn’t just energy prices though they are a major factor.
https://www.nbcnews.com/business/consumer/inflation-rate-higher-consumer-prices-driving-forces-rcna24128The others mentioned, interest is a result of the current economic conditions, and as far as labor increases, the article discusses lower wage workers leaving jobs driving up costs…states were raising minimum wage laws about five years before the current inflation trend began, so im not convinced the $15/hour Big Mac workers are impacting as much as energy is in the states.
I agree nothing is 100%, which is what makes politics so difficult. I see the current rise in green energy as a big contributor to rising energy prices - oil and gas industries are investing less in exploration and drilling, choosing to instead maximize profit taking with the coming renewable revolution, yet very few agree it is a primary reason.These big projects take 10 plus years and billions of dollars. It’s not quick either
I know for sure a lot of projects got scaled back 2015-ish after the fall of oil. It’s those projects that would be operational today
no matter how you look at it oil is boom and bust and usually when they should be investing is the same time they can’t0 -
Cropduster-80 said:static111 said:Lerxst1992 said:cincybearcat said:This is a good article. And this isn’t just energy prices though they are a major factor.
https://www.nbcnews.com/business/consumer/inflation-rate-higher-consumer-prices-driving-forces-rcna24128The others mentioned, interest is a result of the current economic conditions, and as far as labor increases, the article discusses lower wage workers leaving jobs driving up costs…states were raising minimum wage laws about five years before the current inflation trend began, so im not convinced the $15/hour Big Mac workers are impacting as much as energy is in the states.
I agree nothing is 100%, which is what makes politics so difficult. I see the current rise in green energy as a big contributor to rising energy prices - oil and gas industries are investing less in exploration and drilling, choosing to instead maximize profit taking with the coming renewable revolution, yet very few agree it is a primary reason.These big projects take 10 plus years and billions of dollars. It’s not quick either
I know for sure a lot of projects got scaled back 2015-ish after the fall of oil. It’s those projects that would be operational today
no matter how you look at it oil is boom and bust and usually when they should be investing is the same time they can’tScio me nihil scire
There are no kings inside the gates of eden0 -
static111 said:Cropduster-80 said:static111 said:Lerxst1992 said:cincybearcat said:This is a good article. And this isn’t just energy prices though they are a major factor.
https://www.nbcnews.com/business/consumer/inflation-rate-higher-consumer-prices-driving-forces-rcna24128The others mentioned, interest is a result of the current economic conditions, and as far as labor increases, the article discusses lower wage workers leaving jobs driving up costs…states were raising minimum wage laws about five years before the current inflation trend began, so im not convinced the $15/hour Big Mac workers are impacting as much as energy is in the states.
I agree nothing is 100%, which is what makes politics so difficult. I see the current rise in green energy as a big contributor to rising energy prices - oil and gas industries are investing less in exploration and drilling, choosing to instead maximize profit taking with the coming renewable revolution, yet very few agree it is a primary reason.These big projects take 10 plus years and billions of dollars. It’s not quick either
I know for sure a lot of projects got scaled back 2015-ish after the fall of oil. It’s those projects that would be operational today
no matter how you look at it oil is boom and bust and usually when they should be investing is the same time they can’tAn oil company can’t say I’m selling oil only at X price. OPEC is a bit differentOil companies sold oil at a loss very recently, especially for projects with a higher break even. It’s drilled and it’s coming out of the ground no matter what. You sell it at the price the market pays
you cannot simply turn a well off when prices are low and turn it on when prices are high
The cost of a gallon of gas is about 50% the cost of the actual oil… the rest of the price you pay is a lot of other stuffPost edited by Cropduster-80 on0 -
I’m not sure the statement, “you can’t simply turn a well off when prices are low and turn it on when prices are high,” is completely accurate. I believe wells are taken out of service and capped as a business practice and as most things, it’s complicated, particularly when it comes to oil production, domestic versus foreign, on shore versus off and “exploration” versus “producing.”
https://www.eia.gov/petroleum/wells/
Wells that produce, have recouped their initial investment and have known reserves may be capped if the price of oil dips below production costs. Another factor to consider for those clamoring for more domestic oil production is that US oil fields aren’t all that gushing, I.e. they don’t produce a lot to offset costs quickly, requiring longer long term ROI.
Damn you Brandon! Make more oil flow faster!09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;
Libtardaplorable©. And proud of it.
Brilliantati©0 -
Halifax2TheMax said:I’m not sure the statement, “you can’t simply turn a well off when prices are low and turn it on when prices are high,” is completely accurate. I believe wells are taken out of service and capped as a business practice and as most things, it’s complicated, particularly when it comes to oil production, domestic versus foreign, on shore versus off and “exploration” versus “producing.”
https://www.eia.gov/petroleum/wells/
Wells that produce, have recouped their initial investment and have known reserves may be capped if the price of oil dips below production costs. Another factor to consider for those clamoring for more domestic oil production is that US oil fields aren’t all that gushing, I.e. they don’t produce a lot to offset costs quickly, requiring longer long term ROI.
Damn you Brandon! Make more oil flow faster!Usually what happens here is an unprofitable well is sold from a major to a small independent who then runs the well in the cheapest way possible and doesn’t maintain it in order to make the economics work. That creates all kinds of problems later but the well generally continues producingonce you cap the well the rocks that are porous that you are drilling through get clogged with the mud you use to cap it. That oil isn’t ever coming out of those rocks after that. Pressures in the well change too. Sometimes you can inject the wells with chemicals but no one wants to do that
at the end of the day, people don’t blame farmers for the price of wheat. It’s probably a good time to be a wheat farmer. As soon as they plant they pretty much are selling at harvest time no matter what the market price in the commodities market for wheat is
Oil prices will go back down as exploration increases, then at some point the market gets oversaturated and prices will crash again. It’s cyclical and everyone is pissed when prices are high and no one says a word when oil is at 30 a barrel and it costs 40 to extract that barrelPost edited by Cropduster-80 on0 -
-
When will his 15 minutes be up?09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;
Libtardaplorable©. And proud of it.
Brilliantati©0 -
Jearlpam0925 said:0
-
mrussel1 said:Jearlpam0925 said:0
-
Another brutal day on the street so far. Is the bottom close? Some really good PE ratios starting to emerge, Apple at 21 and Google at 19, very low ratios, investors may see some value there .0
-
Lerxst1992 said:Another brutal day on the street so far. Is the bottom close? Some really good PE ratios starting to emerge, Apple at 21 and Google at 19, very low ratios, investors may see some value there .
I almost think the Fed has no choice but to send us into a recession. I tend to think a recession is better than inflation.0 -
Halifax2TheMax said:When will his 15 minutes be up?
You realize, Elon Musk has probably done more to advance the cause of humankind than 99% of people, right?
The last thing we want is Elon Musk to have only 15 minutes.
Maybe, we should listen more to the innovators, creators and dare I say, geniuses that produce things that make life better.Sorry. The world doesn't work the way you tell it to.0 -
mrussel1 said:Lerxst1992 said:Another brutal day on the street so far. Is the bottom close? Some really good PE ratios starting to emerge, Apple at 21 and Google at 19, very low ratios, investors may see some value there .
I almost think the Fed has no choice but to send us into a recession. I tend to think a recession is better than inflation.Sorry. The world doesn't work the way you tell it to.0 -
EdsonNascimento said:Halifax2TheMax said:When will his 15 minutes be up?
You realize, Elon Musk has probably done more to advance the cause of humankind than 99% of people, right?
The last thing we want is Elon Musk to have only 15 minutes.
Maybe, we should listen more to the innovators, creators and dare I say, geniuses that produce things that make life better.
Bow down if you prefer. He should STFU and go back to inventing stuff.09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;
Libtardaplorable©. And proud of it.
Brilliantati©0 -
EdsonNascimento said:mrussel1 said:Lerxst1992 said:Another brutal day on the street so far. Is the bottom close? Some really good PE ratios starting to emerge, Apple at 21 and Google at 19, very low ratios, investors may see some value there .
I almost think the Fed has no choice but to send us into a recession. I tend to think a recession is better than inflation.
Now you explain to me what you believe I think a recession is.0
Categories
- All Categories
- 148.8K Pearl Jam's Music and Activism
- 110K The Porch
- 274 Vitalogy
- 35K Given To Fly (live)
- 3.5K Words and Music...Communication
- 39.1K Flea Market
- 39.1K Lost Dogs
- 58.7K Not Pearl Jam's Music
- 10.6K Musicians and Gearheads
- 29.1K Other Music
- 17.8K Poetry, Prose, Music & Art
- 1.1K The Art Wall
- 56.7K Non-Pearl Jam Discussion
- 22.2K A Moving Train
- 31.7K All Encompassing Trip
- 2.9K Technical Stuff and Help