Here’s a starting point:
https://x.com/BiggertableBlue/status/1938027294242619841
The raccoons are in Ottawa, mainly:
https://x.com/RiseOfAlberta/status/1928981025021206906
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Is natgas (from same shale patch?) separate product or byproduct that either is burned in flames (price too low) or sold for profit… Russia sold estimated 1Bn euros per day natgas to europe[prior to cutdown in buys from sanctions, early january 2022], so this is big business. Argentina is pretty far away and likely wants to use some of that themselves to boost industries (german companies loved it, very convenient energy source). Rest is LNG terminals? I doubt Argentina’s neighbors want to shell hard currency to buy it if plenty of facebook datacenters crave it. In this respect, how many billion cubic feet per day is gas production and how many facebook datacenters worth is it(Im referring to earlier this year AI datacenter PP episode where Facebook was used as natgas DC example)?
My defined contribution pension has very few fund options, and the only commodity fund it has is this one. Is it any good? My only other options are typical small, mid, large cap mutual funds, bonds, treasuries and a couple of REITs. How do I find a good investment path with limited options? I’m not ready to start investing outside my pension because I want to get out of debt first.
Invesco Balanced-Risk Commodity Strategy Fund
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Is Adam Rzencwajg planting a garden? If not, why not?
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See Chris’ interview on Finance U of Adam Rozencwajg - I also like the AGNC REIT.
Also efficient in carrying a load. My first hybrid was a Prius Wagon - lots of cargo space. I filled it and headed strait north from TX across the Ozarks and Ouachitas. With all the hills, I expected poor mileage, but the hybrid really did it’s job. Nearly as good mileage as light load on the flat.
Also, it can be great in stop & go traffic, as it recharges when I brake and will run on batteries for quite a while if I don’t pop on the ICE engine by insisting on a “racing car” start. Several times I’ve noticed, without starting the ICE, it actually ran on the batteries beyond the max rated battery mileage, something an EV doesn’t do.
Hybrids are definitely a marvel of innovative thought. The early ones were relatively plain-vanilla and efficient and cost effective, sort of a VW Bug feel. Now, they’ve been made much less useful by the Detroit disease of fancy form over transportation function. And of course, hybrid innovation was gutted by left-wing Democrat efforts to force only EV. We couldn’t even buy some of the plug-in hybrid models in fly-over states, since the manufacturers reserved them for Blue States (really).
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I test drove the early Prius models. They were a little different than those of today for sure.
I wanted a hybrid this last time around but really needed AWD in a small truck and there were only two to select from.
If we could get something called the Chicken Tax tossed out, there would be an amazing selection of small trucks available that could be offered as hybrids with AWD.
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@cmartenson More pieces to the resources problem.
Peak Net Oil Energy with Steve Angelo of SRS Rocco Report
An interesting Side Bar [Are we Bailing Out Argentina] - yes
Dan Gowan’s presentation on the Actual Global Inventory of New Oil/Gas Projects. The largest new project is 30 million barrels - that is 8 hours of global consumption. There is more known/probable oil, but it is too COSTLY to drill at current price, regardless of the final EORI. The Break-even cost of US non-conventional production is over $84/BBL, and that does not cover paying off the debt or shutting down/cleaning up abandoned wells. Delta is shutting down service to west TX.
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Then that is not break even cost.
As we traveled through OK, TX, NM couple of weeks ago, it appeared there were a lot of non operational wells. It also looked several equipment depot yards to be quiet with very little activity. I don’t know what normal activity would look like, but there was a lot of parked equipment, and very few personal vehicles in the parking lots.
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The debt is sunk cost, so as long as the FED keeps printing, they can keep the wells running at cash breakeven (or maybe cash breakeven + interest).
Here’s an interesting thought on resource decline and collapse.
“Since industrial economies are utterly dependent on both cheap raw materials and affordable energy, a decline in fossil fuel availability means instant de-industrialization. (If in doubt, ask anyone working in an European manufacturing company.) A fall in their supply also naturally means rising prices for both food and manufactured products. And since people have a natural tendency to spend on food and fuel first, and gadgets next, this also means a collapse in demand for stuff — and consequently another round of de-industrialization. This demand destruction, on the other hand, causes energy prices to decline, ruining any remaining economic incentives to drill ever more expensive, ever deeper, ever trickier oil and gas wells…. Leading to a self-reinforcing decline in energy production, with no end in sight.”
I can’t see that the current below cost pricing is due to decreasing demand. I think @cmartenson is absolutely right. Commodity prices are artificially low due to manipulation. However, he is right artificially low prices produce even more high-grading, leaving more and more stranded reserves, where even if the EROI is >0, the front end cost of recovery is beyond reach.
A few years ago “slow and steady” might have won, however, since we’re beyond the collapse tipping point, no more “soft landing”.
“In this post financial / political collapse world. . . Instead of focusing on chasing infinite economic growth, . . . societies surviving the first wave of collapse will have to focus on stabilizing their internal workings and producing enough food for all citizens.”
“modern agriculture requires very little human labor. . . Most of the hard work is done by machines. . . doing the work of a hundred people each. Sure, this will be a temporary issue only, since diesel fuel — together with natural gas and mineral based fertilizers — are all subject to depletion, but in the meantime, we will have a few decades when masses will be out of work due to a lack of industrial jobs.”
Personally, I think this evaluation is overly optimistic. The elites will NOT divert the remaining oil to feed the masses at starvation level. Rather they will continue to use their wealth to provide luxuries for themselves and accrue power, probably by force.
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debt is not sunk cost. Paid interest is sunk cost. Assets purchased with that debt aresunk costs, but debt itself is not.
I’m starting to think to look for hybrid to buy… What are things to look for… I’m not familiar about this sector at all…
Had it been available with AWD when I bought my Santa Cruz, I would have bought a Maverick Hybrid.
I was a couple years too early. AWD was a requirement for me that overrides hybrid. I get 35-36 on hway and upper 20’s around town ( small rural town). The much larger tow capacity was another plus at the time.
My daughter has a Tuscon Hybrid, which does quite nicely.
Recommendation for hybrid purchase is to look into the battery warranty then price out an extended warranty package that will cover everything.
My daughter had everything on hers covered out to about 10 years, even the rims should she curb rash them. She is high anxiety and this is worth it to her to have piece of mind for that long.
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Look up videos by Car Care Nut on YouTube.
He’s a Toyota Master Technician (IIRC) and very good at explaining complex details clearly. I learned a lot.
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Great, thank you will watch all of that!!
One of my main question was if it would still be worth to buy new or could years old with all of the complains I’m hearing or just look at few years back(like 5 and older) for cars in good shape…