Supply chains and Work shortages
Comments
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cincybearcat said:mickeyrat said:
Everyone should friggin walk to work for the next month.0 -
mickeyrat said:Scio me nihil scire
There are no kings inside the gates of eden0 -
static111 said:mickeyrat said:
a publicly traded company has a strong obligation to maximise shareholder returns no matter what industry it’s in, as once you are doing things that doesn’t benefit shareholders you get replaced by a CEO who will. After a decade of getting hammered in the market, you cannot make the case that spending all those profits now is good for investors. If oil is projected to remain high for 5–10 years, then yes.when those projects go online in 5-10 years, prices will be low again probably. Capital spending has to take into account anticipated oil prices when a project is online, not today.I guarantee you if Exxon or Chevron spent 20 billion today to drill you wouldn’t see that oil for years. 2015-2020 oil was on average in the 40 dollar range so it’s not like they were going to drill more then either as they were busy paying dividends to shareholders which they had to otherwise they leave since the returns were crap.If you want to blame anything, blame the low prices for 7-8 years as that’s part of why we are where we are. This problem would be way less if oil was75 a barrel that whole time as drilling and exploration budgets would have been maintainedPost edited by Cropduster-80 on0 -
Cropduster-80 said:static111 said:mickeyrat said:
a publicly traded company has a strong obligation to maximise shareholder returns no matter what industry it’s in, as once you are doing things that doesn’t benefit shareholders you get replaced by a CEO who will. After a decade of getting hammered in the market, you cannot make the case that spending all those profits now is good for investors. If oil is projected to remain high for 5–10 years, then yes.when those projects go online in 5-10 years, prices will be low again probably. Capital spending has to take into account anticipated oil prices when a project is online, not today.I guarantee you if Exxon or Chevron spent 20 billion today to drill you wouldn’t see that oil for years. 2015-2020 oil was on average in the 40 dollar range so it’s not like they were going to drill more then either as they were busy paying dividends to shareholders which they had to otherwise they leave since the returns were crap.If you want to blame anything, blame the low prices for 7-8 years as that’s part of why we are where we are. This problem would be way less if oil was75 a barrel that whole time as drilling and exploration budgets would have been maintained
As I stated in a previous comment, why are oil companies pulling in record profits during a time of crisis? It seems that profits can still be made albeit at a lower rate while reliving the rest of us non stock holders that are purchasing the product that fuels the profit machine. How many capped wells can be uncapped? Sure that will take time but it is something. Doing nothing and saying we have to be conservative so we can maximize shareholder profits is just blame shifting.
Scio me nihil scire
There are no kings inside the gates of eden0 -
tempo_n_groove said:cincybearcat said:mickeyrat said:
Everyone should friggin walk to work for the next month.
But yes, I see what you are saying.hippiemom = goodness0 -
static111 said:Cropduster-80 said:static111 said:mickeyrat said:
a publicly traded company has a strong obligation to maximise shareholder returns no matter what industry it’s in, as once you are doing things that doesn’t benefit shareholders you get replaced by a CEO who will. After a decade of getting hammered in the market, you cannot make the case that spending all those profits now is good for investors. If oil is projected to remain high for 5–10 years, then yes.when those projects go online in 5-10 years, prices will be low again probably. Capital spending has to take into account anticipated oil prices when a project is online, not today.I guarantee you if Exxon or Chevron spent 20 billion today to drill you wouldn’t see that oil for years. 2015-2020 oil was on average in the 40 dollar range so it’s not like they were going to drill more then either as they were busy paying dividends to shareholders which they had to otherwise they leave since the returns were crap.If you want to blame anything, blame the low prices for 7-8 years as that’s part of why we are where we are. This problem would be way less if oil was75 a barrel that whole time as drilling and exploration budgets would have been maintained
As I stated in a previous comment, why are oil companies pulling in record profits during a time of crisis? It seems that profits can still be made albeit at a lower rate while reliving the rest of us non stock holders that are purchasing the product that fuels the profit machine. How many capped wells can be uncapped? Sure that will take time but it is something. Doing nothing and saying we have to be conservative so we can maximize shareholder profits is just blame shifting.
i distinctly remember discussing this in 2014 with my wife who is in oil and gas.
the takeaway was this: budgets get cut, we don’t invest, prices meet or exceeds 2014 levels in a decade. We spend more, then prices crash again and we do it all over again.
it was pretty spot on. Maybe a bit accelerated due to COVID but the fact she was sure means it’s extremely predictable
the concept of smoothing out prices so this doesn’t happen would be possible if everyone was in OPEC. Because that’s not the case chronic over production alternating with under production happens. Based on investment, not starting and stopping wells. Wells decline in yield over time so you need more wells to even maintain past production, and even more to increase it. When you see “production is down “ it’s usually because the well is declining and they haven’t drilled more, not that they are stopping wells to get that decrease.If you want to know why you can’t cap and uncap wells, that’s in the stock market thread. But generally no, you can’t just turn wells on and offPost edited by Cropduster-80 on0 -
cincybearcat said:tempo_n_groove said:cincybearcat said:mickeyrat said:
Everyone should friggin walk to work for the next month.
But yes, I see what you are saying.0 -
tempo_n_groove said:cincybearcat said:tempo_n_groove said:cincybearcat said:mickeyrat said:
Everyone should friggin walk to work for the next month.
But yes, I see what you are saying.Scio me nihil scire
There are no kings inside the gates of eden0 -
static111 said:tempo_n_groove said:cincybearcat said:tempo_n_groove said:cincybearcat said:mickeyrat said:
Everyone should friggin walk to work for the next month.
But yes, I see what you are saying.0 -
tempo_n_groove said:static111 said:tempo_n_groove said:cincybearcat said:tempo_n_groove said:cincybearcat said:mickeyrat said:
Everyone should friggin walk to work for the next month.
But yes, I see what you are saying.By The Time They Figure Out What Went Wrong, We'll Be Sitting On A Beach, Earning Twenty Percent.0 -
HughFreakingDillon said:tempo_n_groove said:static111 said:tempo_n_groove said:cincybearcat said:tempo_n_groove said:cincybearcat said:mickeyrat said:
Everyone should friggin walk to work for the next month.
But yes, I see what you are saying.tempo_n_groove said:static111 said:tempo_n_groove said:cincybearcat said:tempo_n_groove said:cincybearcat said:mickeyrat said:
Everyone should friggin walk to work for the next month.
But yes, I see what you are saying.Scio me nihil scire
There are no kings inside the gates of eden0 -
static111 said:tempo_n_groove said:cincybearcat said:tempo_n_groove said:cincybearcat said:mickeyrat said:
Everyone should friggin walk to work for the next month.
But yes, I see what you are saying.
Once prices go down, SUV sales skyrocket though. Happens every time. American consumers are no better than oil companies in contributing to the boom and bust cycles
No one is buying a Prius at 2.00 a gallon, at 5.00 they do (generally).Getting people on board with renewables regardless of energy prices should be the goal as long term it’s always up. Our house is funded by oil and gas and we use zero power from the grid so it’s not an either/or thing. If we were some large institutional shareholder of oil and gas then it might be different, but we aren’tPost edited by Cropduster-80 on0 -
tempo_n_groove said:static111 said:tempo_n_groove said:cincybearcat said:tempo_n_groove said:cincybearcat said:mickeyrat said:
Everyone should friggin walk to work for the next month.
But yes, I see what you are saying.
The energy companies pretty excited to move to renewables. Reduced operational costs due to reductions in plant maintenance, upkeep, and labor. Xcel Energy is moving very fast to expanded solar operations. They can get a solar field up and operational in a few months. To maintain one of their solar fields only requires a handful of people, whereas they need 100s of people working 24-7 to keep a coal-fired/gasified plant running.I’ve been a part of a government run committee looking at addressing the impacts of closing coal-fired plants in MN. People not familiar with renewables are quite shocked when they start discussing the opportunities to redeploy workers into those areas, and the labor folks start laughing. Basically, if you can plug an electric cord into an outlet, operate a socket wrench, and clean off surfaces of dirt or snow, you can be a solar field tech. Also the pay is significantly less, like a lot. The energy companies aren’t moving towards renewables to save the planet, their doing it to save boatloads of money.0 -
jerparker20 said:tempo_n_groove said:static111 said:tempo_n_groove said:cincybearcat said:tempo_n_groove said:cincybearcat said:mickeyrat said:
Everyone should friggin walk to work for the next month.
But yes, I see what you are saying.
The energy companies pretty excited to move to renewables. Reduced operational costs due to reductions in plant maintenance, upkeep, and labor. Xcel Energy is moving very fast to expanded solar operations. They can get a solar field up and operational in a few months. To maintain one of their solar fields only requires a handful of people, whereas they need 100s of people working 24-7 to keep a coal-fired/gasified plant running.I’ve been a part of a government run committee looking at addressing the impacts of closing coal-fired plants in MN. People not familiar with renewables are quite shocked when they start discussing the opportunities to redeploy workers into those areas, and the labor folks start laughing. Basically, if you can plug an electric cord into an outlet, operate a socket wrench, and clean off surfaces of dirt or snow, you can be a solar field tech. Also the pay is significantly less, like a lot. The energy companies aren’t moving towards renewables to save the planet, their doing it to save boatloads of money.
I would like to see it improve and get better but like I said, even though renewables are lest costly the companies will still be looking to make maximum profits and recoup costs.
Then we as a government need to force these renewables like batteries, solar panels, to be recyclable. I get angry when I start thinking about it, sorry...0 -
tempo_n_groove said:jerparker20 said:tempo_n_groove said:static111 said:tempo_n_groove said:cincybearcat said:tempo_n_groove said:cincybearcat said:mickeyrat said:
Everyone should friggin walk to work for the next month.
But yes, I see what you are saying.
The energy companies pretty excited to move to renewables. Reduced operational costs due to reductions in plant maintenance, upkeep, and labor. Xcel Energy is moving very fast to expanded solar operations. They can get a solar field up and operational in a few months. To maintain one of their solar fields only requires a handful of people, whereas they need 100s of people working 24-7 to keep a coal-fired/gasified plant running.I’ve been a part of a government run committee looking at addressing the impacts of closing coal-fired plants in MN. People not familiar with renewables are quite shocked when they start discussing the opportunities to redeploy workers into those areas, and the labor folks start laughing. Basically, if you can plug an electric cord into an outlet, operate a socket wrench, and clean off surfaces of dirt or snow, you can be a solar field tech. Also the pay is significantly less, like a lot. The energy companies aren’t moving towards renewables to save the planet, their doing it to save boatloads of money.
I would like to see it improve and get better but like I said, even though renewables are lest costly the companies will still be looking to make maximum profits and recoup costs.
Then we as a government need to force these renewables like batteries, solar panels, to be recyclable. I get angry when I start thinking about it, sorry...
The ability to roll solar into a mortgage makes it way more affordable. Not to mention it pays for itself anyway0 -
Cropduster-80 said:tempo_n_groove said:jerparker20 said:tempo_n_groove said:static111 said:tempo_n_groove said:cincybearcat said:tempo_n_groove said:cincybearcat said:mickeyrat said:
Everyone should friggin walk to work for the next month.
But yes, I see what you are saying.
The energy companies pretty excited to move to renewables. Reduced operational costs due to reductions in plant maintenance, upkeep, and labor. Xcel Energy is moving very fast to expanded solar operations. They can get a solar field up and operational in a few months. To maintain one of their solar fields only requires a handful of people, whereas they need 100s of people working 24-7 to keep a coal-fired/gasified plant running.I’ve been a part of a government run committee looking at addressing the impacts of closing coal-fired plants in MN. People not familiar with renewables are quite shocked when they start discussing the opportunities to redeploy workers into those areas, and the labor folks start laughing. Basically, if you can plug an electric cord into an outlet, operate a socket wrench, and clean off surfaces of dirt or snow, you can be a solar field tech. Also the pay is significantly less, like a lot. The energy companies aren’t moving towards renewables to save the planet, their doing it to save boatloads of money.
I would like to see it improve and get better but like I said, even though renewables are lest costly the companies will still be looking to make maximum profits and recoup costs.
Then we as a government need to force these renewables like batteries, solar panels, to be recyclable. I get angry when I start thinking about it, sorry...
The ability to roll solar into a mortgage makes it way more affordable. Not to mention it pays for itself anyway0 -
tempo_n_groove said:Cropduster-80 said:tempo_n_groove said:jerparker20 said:tempo_n_groove said:static111 said:tempo_n_groove said:cincybearcat said:tempo_n_groove said:cincybearcat said:mickeyrat said:
Everyone should friggin walk to work for the next month.
But yes, I see what you are saying.
The energy companies pretty excited to move to renewables. Reduced operational costs due to reductions in plant maintenance, upkeep, and labor. Xcel Energy is moving very fast to expanded solar operations. They can get a solar field up and operational in a few months. To maintain one of their solar fields only requires a handful of people, whereas they need 100s of people working 24-7 to keep a coal-fired/gasified plant running.I’ve been a part of a government run committee looking at addressing the impacts of closing coal-fired plants in MN. People not familiar with renewables are quite shocked when they start discussing the opportunities to redeploy workers into those areas, and the labor folks start laughing. Basically, if you can plug an electric cord into an outlet, operate a socket wrench, and clean off surfaces of dirt or snow, you can be a solar field tech. Also the pay is significantly less, like a lot. The energy companies aren’t moving towards renewables to save the planet, their doing it to save boatloads of money.
I would like to see it improve and get better but like I said, even though renewables are lest costly the companies will still be looking to make maximum profits and recoup costs.
Then we as a government need to force these renewables like batteries, solar panels, to be recyclable. I get angry when I start thinking about it, sorry...
The ability to roll solar into a mortgage makes it way more affordable. Not to mention it pays for itself anyway09/15/1998 & 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:tempo_n_groove said:Cropduster-80 said:tempo_n_groove said:jerparker20 said:tempo_n_groove said:static111 said:tempo_n_groove said:cincybearcat said:tempo_n_groove said:cincybearcat said:mickeyrat said:
Everyone should friggin walk to work for the next month.
But yes, I see what you are saying.
The energy companies pretty excited to move to renewables. Reduced operational costs due to reductions in plant maintenance, upkeep, and labor. Xcel Energy is moving very fast to expanded solar operations. They can get a solar field up and operational in a few months. To maintain one of their solar fields only requires a handful of people, whereas they need 100s of people working 24-7 to keep a coal-fired/gasified plant running.I’ve been a part of a government run committee looking at addressing the impacts of closing coal-fired plants in MN. People not familiar with renewables are quite shocked when they start discussing the opportunities to redeploy workers into those areas, and the labor folks start laughing. Basically, if you can plug an electric cord into an outlet, operate a socket wrench, and clean off surfaces of dirt or snow, you can be a solar field tech. Also the pay is significantly less, like a lot. The energy companies aren’t moving towards renewables to save the planet, their doing it to save boatloads of money.
I would like to see it improve and get better but like I said, even though renewables are lest costly the companies will still be looking to make maximum profits and recoup costs.
Then we as a government need to force these renewables like batteries, solar panels, to be recyclable. I get angry when I start thinking about it, sorry...
The ability to roll solar into a mortgage makes it way more affordable. Not to mention it pays for itself anyway
Everyone should research LEED. Subaru made a factory here in the states that is Platinum. That is pretty impressive.0 -
I would love to buy a new 4runner. Have you seen the prices?
I'll wait. Thanks.0
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