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Messages - BuddyJ

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Energy / Re: 🛢️ A Fracking Ban Will Never Happen
« on: September 16, 2019, 07:27:58 AM »
Politics won't kill Fracking.  Economics will.


Robert's article doesn't appear to validate this particular statement.

Did you have some other idea in mind when you said it? I agree that politics won't kill it, but economics can only kill it if folks stop using oil and natural gas. While peak oil demand appears to be coming into view, even that doesn't kill oil production, just lessens it through time. As long as oil prices are high enough to allow oil production, oil production will continue, and so will fracking.

Energy / Re: 🛢️ Oil Resource Wars
« on: September 16, 2019, 07:10:22 AM »
This could really be an interesting and potentially profitable event for American producers, right?

First, we have OPEC cutting back production because the US has plugged in a new 5+ million barrels a day over the last half decade or so, and without the ability to control free market oil supply, OPEC can only cut back their own to maintain prices.

So they do this...keeping the market near a $50-$60 window...and suddenly now we've got an attack on production that will decrease it, causing the expected price increase, and presto! Suddenly, the companies in the US that have been hanging on by their fingernails get a windfall, allowing them to stave off possible bankruptcy in the near term, maybe even continuing to grow production, and when the Saudi's get ready to come back online at full production? It isn't needed! Between decreasing demand, the US doing its best to span the gap, and presto! Now we've got the Saudi's production constrained because they aren't willing to crash the price.

It is like the dynamics of 1986, except the Saudi's this time have to try and stomp out American industry and the shale revolution.

Economics / Re: ✊ UNION!
« on: September 16, 2019, 07:03:56 AM »
Go strikers!!! Let's hope they win this one!

Jet setting in to protest CO2 do have to quietly smile about that one.

Most of those people didn't jet set to get to London.  They're local Brits, you can tell by the accent.  Many of them probably didn't even take carz, since London is a nightmare to get around by 4 wheel transport.  They probably took the Underground.

Most, sure. But there was a specific person in the article apologizing and rationalizing exactly the point I mentioned. I understand that most were probably local, the one defending him/herself from jet setting there was not.

Quote from: RE
Besides, we have been over this "hypocrisy" many times

Maybe you have been involved in this "hypocrisy" discussion, if I think about it for even a little bit, I don't use quotes.

Quote from: RE
For as long as BAU is operational and climate conferences are held all over the world, the only way to get there is by plane.

At which, complaints about CO2 emissions are discussed and how to at the very least diminish them. Do you think ANYONE at those conferences know...doing away with conferences to do their part?

Quote from: RE
  The planes will fly anyhow, so better to use them for the purpose of dissemnating the information than just vacationing in Hawaii.


And the internet can't disseminate information? Publishing papers doesn't disseminate information? Are you sure that taking selfies in those picturesque locations doesn't play into this somehow? We are talking about people after all, motivated self interest is what we do.

The planes flying anyhow is just a rationalization as to the why it is okay for people talking about reducing CO2 emissions to themselves create CO2 emissions. In the interest of the greater good of course.

Economics / Re: Subprime Student Loans
« on: April 26, 2019, 08:22:04 PM »
A student loan is an investment in one's self. It follows the same rules as any other it wisely.

I imagine most borrowers don't think about it that way, and even if they do, they aren't objective as to the risk adjusted value of that investment.

Hi Buddy J, pleasure to meet you.

You are correct of course when talking about adults or even young adults but wise investing is not the stuff one can expect of youth.

Nice to meet you as well.

And it depends on the youth I imagine.

Quote from: Golden Oxen
My personal take is that the propaganda being heaved at these kids, the idea that if you don't go to college you will surely grow up to be a zero, poor, and unable to appreciate the good life from your perch on the back of a garbage pick up truck is very persuasive to youngsters who a very impressionable and look to their elders and peers for guidance.

I've seen more a correlation with what the parents do for a living. In families with college educated parents, it does appear to be common. In families without college educated parents, it seems like it isn't as common.

Purely personal observation.

Jet setting in to protest CO2 do have to quietly smile about that one.  Next up, another Climate Change Conference in a faraway, picturesque place to declare definitive social media action is being thought about, with a stretch goal of perhaps "carefully considered" being added to the language, in order to bring a debate about climate justice and equality for anyone who wants it, without making uncomfortable those who do not, and ending with a ringing endorsement of meeting again soon in another picturesque location, to discuss the progress of....whatever...

Economics / Re: Subprime Student Loans
« on: April 25, 2019, 05:10:18 PM »
A student loan is an investment in one's self. It follows the same rules as any other it wisely.

I imagine most borrowers don't think about it that way, and even if they do, they aren't objective as to the risk adjusted value of that investment.

Jealous yet?  :icon_mrgreen:

Here's the Specs:

- Intel Quad Core i7-4770 @ 3.40GHz, High Performance 4th Generation Processor.
- 16 GB DDR3L Ram / 240 GB 2.5 Inch Sata Solid State DrivE (SSD).
- Dual Monitor Support (HDMI + VGA), Newest 4th Generation Processor, DVD-RW, Brand New KeyBoard & Mouse, Wireless WIFI, 6 x USB 2.0, 4 x USB 3.0, 1 x VGA, 2 x Display output Ports, RJ-45.
- Windows 10 Professional (64 Bit). Comes With Dell Genuine Windows 10 Professional Re Installation Disc.

The i7 is Intel's current top of the line processor. 

A 4th generation I7 is top of the line? 4th generation can't be much newer than a 4 year design at this point. Did the salesman forget to mention the 5th, 6th, 7th, 8th and 9th generation I7's? Or i9's?

Maybe this is as good as it gets in the Optiplex series? As opposed to the Precision series?

Quote from: RE
OK, now the Diner Kewpie Doll Contest of the Week:  If you can guess within $200 what I paid for this combo you get a Kewpie Doll to add to your collection.  :icon_sunny:


Not near as much as you should have if top of the line is what you actually wanted?

Elon is really something isn't he?

As time marches on, history gets written, always by the winning side. Furthermore, it tends to get re-written on an ongoing basis, as prevailing political thought and various social mores change.

As a Southerner, I found my views being labeled by my friend Surly, who threw out a term I wasn't even familiar with, which was "Lost Cause".

Truthfully, I didn't even know what that was, so I set out to educate myself.

So.....Lost Cause Ideology can be viewed as a somewhat benign phenomenon that was part of Reconstruction...or it can be viewed as a modern phenomenon that supports and perpetuates racism. And when SJW's and neo-Marxists use the term to describe guys like me, it's that more extreme POV that's coming into play.

That's what bothers me. Because....IF...if you are white...and if you are from the South....and you have the Southland in your blood and in your bones, there is NO WAY that you don't subscribe to Lost Cause to some degree. You can't indoctrinate that out of a real Southerner. But that does NOT mean that Southerner is racist, necessarily.

Excellent write up.

Inflation is theft and should be illegal, but that is not the way the crooks that run this travesty want it.

How can inflation be illegal in a finite world?  Joe sells widgets built from cattails. Local supply and demand is balanced, but cattails only grow so fast. One day, Joe must send his workers farther afield to collect cattails for the days widget construction, and paying a fixed hourly wage, cattails for the same number of widgets costs him more. So he ups his price. No new supply has been created, demand is the same as always, but because Joe's cost goes up, he inflates his price. Isn't this just a natural result of a finite resource, and it costing more to round it up over time?

Economics / Re: The real economic numbers
« on: June 15, 2018, 07:50:24 PM »
There is such a thing as working poor out there.

Always has been. At some point between then, and now, did someone design a system to cure it? If they did...obviously it didn't work, but to be it a reasonable expectation to think there is one that would?

BuddyJ: Check this video on Venezuela out. :emthup: It is quite revealing. The history covered is accurate.

Debunking John Oliver on Venezuela

June 9, 2018

The week of Venezuela’s presidential election, John Oliver dedicated an ENTIRE episode of his HBO show “Last Week Tonight” to the country—full of distortions and highly misleading to progressive-minded people. Responding to Oliver’s major points, Empire Files producer Mike Prysner walks us through the most glaring omissions and misrepresentations

<a href="" target="_blank" class="new_win"></a>

So...I made it through 5 minutes before the evil of colonial powers in 1499 were deemed the core problem that led to all other problems. And of course we can do better than that by going back to Noah..but perhaps I should just ask, what do you think the most important reason is for the current collapse of Venezuela? And if it is referenced in that video, can you point me at the minute:sec mark so I can review that? Assuming that we don't roll the clock back all the way to Noah of course.

If the government were to redistribute the wealth, thru taxes on the rich and support for the poor, everything would fix itself, but they cannot bring themselves to do it, having argued against that as socialism which is automatically evil due to the brainwashing. 

Maybe they weren't brain washed, perhaps they just looked around and realized that it may not be any better of a solution than any of the other schemes folks have come up with to properly distribute a countries wealth?

Venezuela food shortages cause some to hunt dogs, cats, pigeons

If Venezuela continues to lose production, and price reacts as expected, US shale producers are just going to make a killing. They figured out how to continue to increase oil production at $50/bbl, goodness only knows what happens if they begin getting $100 or $150.

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