Regarding offshore wind lease pauses/terminations, I know people in the research community who will likely be impacted by it. Honestly, the guy I know best is very well intentioned and does acknowledge to some degree the impact on whales, but he seems to be in denial about the true impact and the severity of the trade off.
Regarding another offshore energy source, oil. That can be messy too and has at least some and perhaps very significant environmental impact as well, with lower impact achieved by spending more money. I know we have an energy predicament, but I would like to see more discussion here about the environmental tradeoffs from fossil fuel extraction as well.
With that said, I hope that small module and safe nuclear is developed quickly here and that there are no significant unforeseen safety or environmental impacts.
For some context i believe the âDrill baby drill,â comment isnât realy about LNG (yes, that is a drill and a frack) it is about Alaska and he mentioned the Rocky Mountain supply (which I understand is huge but technical and difficult ATM).
He did mention the Alaska pipeline getting restarted and finished, he named the pipeline, it was familiar but I forget the name ATM and am too lazy to look it up.
Also he mentioned that refineries and LNG depots (off shore loading) will get fast permitting and aproval in yet another side conversation.
At some point in his life, Trump said to himself âIâm going to do everythingâŠand then become President.â
Hereâs a mere partial list of Trump stuffâŠnone of this is a jokeâŠapparently, he adheres to the diversification methodâŠ
Trump Plaza, Trump Castle, Trump Taj Mahal, Trump Tower, Trump Shuttle, Trump World Tower, The Trump Organization, Trump Winery, Trump International Golf Club, Trump Palace, Trump Parc, Trump Hollywood, Trump Ocean Resort, Trump The Game, Trump Vodka, Trump The Fragrance, Trump Drinks (energy drink for the Israeli and Palestinian markets, I wish this was a joke I came up with because it would be genius), Trump Ice, Trump Sneakers
Did he run for office because he saw where it was all going and he knew he would lose it all if he didnât take matters into his own hands? Does his self-interest just happen to intersect with Americaâs? Heâs had a lot of failures which I would think he has learned from. He understands the bottom line, which is what separates him from the abstractionists.
Does anyone else feel sometimes like they are living inside a novel? I couldnât make this guy up if I tried.
Sounds like that broke cousin who managed to get your house in pawn shop and now can use this blackmail to continue his bad habits to drag further down if not stopped. Either way bad scenario, sooner the better it is settled. Howâs the saying, if you have small debt to bank, bank owns you⊠if you have giant loan from bank, you own the bankâŠ
It was interesting listening to Trump talking against windmills and solar. It seems Trump has been correctly advised on this topic. I wonder by whom.
Iâve also long wondered how the people who understand that the economy is energy and the economies of ârenewablesâ (which is not such a hard concept and I think plenty of scientists, energy experts, etc. understand) havenât reached the politicians of each country yet and explained it to them.
Of course politicians from the left are bound to the ideas of their base, and would be unwilling to speak against renewables. Also there might be organizations that secretly work for speeding up the end of modern civilization and push for the renewable nonsense.
Could it also mean good buying opportunity?
I read that they have fleet of very specialized rigs and since there will be lot more drilling⊠Especially offshore�
Yes, buying low is the right move. The problem is that offshore isnât really viable below $100-$110/bbl. So I am staying away until I see that whatever forces have been stepping on oil are no longer in play.
I sincerely hope that oil moves to a safe price zone that supports offshore development before we lose the talent and companies needed to get the job done.
If small nuclear reactors are necessary for the data centers, any hypothetical timeline of when a good entry into that sector may be? Ive heard some hype of NuScale Power (SMR). I believe that their design was approved in the US. So far down today but have had a good run. Id imagine some good opportunities in that sector. Again all hypothetical and not looking for or giving any advice.
I disagree regarding a primary residence - it is most definitely an asset. An asset need not generate a cash flow or income stream. The point of a primary residence (in addition to needing somewhere to live) is that it provides capital preservation. What a primary residence does is allow you to maintain purchasing power over a long timeframe.
So, yeah, primary residence is a critical asset to preserving your wealth.
I get where your are going with this but still agree with Chris.
A primary residence that is not generating cash flow or income is a absolutely a liablity.
If you add in the concepts of real value received or cost avoidance through the aversion of paying to live somewhere else as factors to your valuation of holding a property then it can become personally benificial.
To clarify this Dual Nature:
While your home isnât generating cash flow like a rental property, it provides you with shelter, which you would otherwise pay for. This intrinsic value makes it beneficial, even if itâs not directly income-producing.
Financial vs. Personal Value:
Financially, we see a house as a liability due to expenses. However, when we factor in the personal and real value - like not paying rent and the potential for property value increase - it can be viewed as a Personal Asset.
A gold bar sitting in a safe also doesnât generate cash flow or income. Yet, I still would call it an âassetâ. If you store your gold bar in a 3rd party vault, you will have to pay for the storage so is the gold bar a liability?
Gold, PMs, real estate are a âstore of valueâ. Hence, anything that is a store of value should be considered an asset.
I saw election roughly as âenergy factionsâ: renewable industry went to back Biden camp, nuclear + fossil went to back Trump. Not much magic than that. Rest is machinery moving on its weight.
As we see inflation/money printing ramping up, shouldnt there be adjustment in oil price too? It would be just gradual, say in 5 years same as in 1 year 2021⊠so not many will notice it in their daily radar. This is what longterm people predict. Should apply to other resources, minable minerals too.
Could you elaborate? I take it very simplified as opportunity cost is to pay whatever market rate adjusted with inflation and location factors, my ârentâ is reduced by owning apartment, assuming I pay it faster than those other calculated benefits acrue costs(interest, bank fees, slow value appreciation, property tax + utility fee bumps).
With commute there is some flexibility(bike,car,train etc) but housing, much less so.
Money people always make it just $ excel sheet. They dont account for life quality and thus cost factors like renter could in legal framework kick you out and you gotta find new place and pay for moving company + other disruption in your life caused by this. For investment housing, it should be way more âexcel sheetâ approach as that is second or 3rd residence, so luxury costs associated (unless location is brilliant to just gain value despite sitting empty with some costs running).
Chris thank you I appreciate your take.
I definitely donât take it as a investment advise but your opinion is highly valued.
Iâm in the camp that oil prices has to go up therefore I got offshore and onshore and just buying them when theyâre cheap and have long term vision to hedge myself with timeâŠ
If you cant click 9n hyperlink my apologies havent figured out how to copy and past 9n tablet yetâŠbut these signs the economy is in trouble 8 wanted to get you alls thoughts on
