Recruiting forum off topic thread (no politics, covid, or hot button issues)

#5,427
#5,427
Ulysees E. McGill said:
How are people going to have freedom to quickly travel cheaply around the country...or to pull boats and campers on long trips?
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That's what I meant by technology gains over time. Vehicles will drive greater distances and pull more stuff. It takes 10 min to fill up your car's fuel tank but hours to recharge batteries. Technology will cut that time down eventually. Sometime in the future, you'll be able to stop for lunch on a trip and charge to 100% while taking 30 min to eat.

Gas/diesel will have a place for the foreseeable future. However if you replace the commuter car, the one that people drive to work and back, and to the store and back, with an EV you can significantly reduce the need for gasoline. If you've ever ridden in a modern EV they're amazing. Huge amounts of performance. 100s of miles per gallon ($ equivalents). You can plug in your Ford f150 lightening to power your house in the event of a power outage.

It's not going to happen over night but it's coming.
 
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#5,431
#5,431
Ulysees E. McGill said:
More supply helps...period.
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Of course it does. But nobody should delude themselves that it would change any of what’s happening currently.

If you want to sell oil internationally to the hundreds of countries that can’t produce it themselves, this stuff will happen.

If you want to nationalize it, it’d be cheap for Americans. But that’s not very free market. (It’s what the communists do)

The reality is that American oil industry profits will be sky high over the next few months. So plenty of Americans will enrich themselves with this. I’m sorry you will struggle because of it. I really am.
 
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#5,434
#5,434
Ulysees E. McGill said:
I am screwed..I must be one of the only low middle class posters in this forum. What screws over and outrages me only aggravates the more prosperous classes 😒.
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Your not alone McGill, I make decent money but my wife doesn’t work. When things goes up I’m just like you, I get frustrated. It takes all I make for us just to live. Plain and simple it sucks
 
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#5,435
#5,435
InVOLuntary said:
What he is saying is correct in some aspects but what he's not factoring in is supply and demand. The more the supply the lower the price.
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I did factor that. Increasing 50% of American supply would grow our total product to 30% of the world production from 20%.

A 10% global increase. Now obviously it wouldn’t affect prices 10% exactly, but there is no math you can do that would say it’d be much more or less than that.
 
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#5,437
#5,437
omghulkhands said:
I did factor that. Increasing 50% of American supply would grow our total product to 30% of the world production from 20%.

A 10% global increase. Now obviously it wouldn’t affect prices 10% exactly, but there is no math you can do that would say it’d be much more or less than that.
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Not solely the US but if other countries increased production as well it would bring prices down. History shows us this.
 
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#5,441
#5,441
volKano said:
My boss has 2 of them. Got solar panels installed on the house to charge them. He has a very small electric bill and no gas bill. Only cost him a little under 200k. I think he will start saving money somewhere around 2050.
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He’ll replace the solar panels way before then. So he’s going to lose money in a big way would be my guess.
 
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#5,442
#5,442
Leeleesteeth said:
Please tell me where you saw the words Trump, Biden, Democrat, or Republican in my post. It may come as a shock to you but most of us are able to form opinions without spouting some preferred script. What I read or google may not be what you approve of. We discuss economics in both the Trig and Calculus classes that I teach. Sorry for the rant but the condescending attitudes of people who presume superior intellect gets tiresome.
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They know deep down why we're where we are. They don't need us telling them.
 
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#5,443
#5,443
InVOLuntary said:
We were a net exporter of fossil fuels 18 months ago. Are we now?
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we are effectively net neutral on production. It’a splitting hairs to say the US is a net exporter or importer. It’s a a few percentage points either way.

The point stands. The US generates enough oil to sustain itself but we sell it to other countries. Give or take a few percent
 
#5,444
#5,444
omghulkhands said:
we are effectively net neutral on production. It’a splitting hairs to say the US is a net exporter or importer. It’s a a few percentage points either way.

The point stands. The US generates enough oil to sustain itself but we sell it to other countries.

Global demand went up and a top exporter has slowed what they sell and the monopolized oil industry is price gouging. It’s really not complicated.
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So let's shut down one source. That'll make things better. It's really not that hard. 🤣
 
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#5,445
#5,445
itsme said:
He’ll replace the solar panels way before then. So he’s going to lose money in a big way would be my guess.
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The batteries to store the power cost a lot and will go out as well. He is really into technology so it’s an expensive hobby as much as anything.
 
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#5,448
#5,448
Ulysees E. McGill said:
I am screwed..I must be one of the only low middle class posters in this forum. What screws over and outrages me only aggravates the more prosperous classes 😒.
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I get paid mileage reimbusement that was at .55 per mile 3 yrs ago, which was pretty dang good. Today it still sits at .55. Not so good obviously. I asked my boss Friday when/if we would see a rate increase and still waiting on an answer.
 
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#5,449
#5,449
InVOLuntary said:
So let's shut down one source. That'll make things better. It's really not that hard. 🤣
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Your non-sequitur makes me feel like I’ve helped lead to some production conversation cause everyone went from acting like high oil prices caused by a war is due to hippies to changing to “well drilling more would help a small amount and be worth it” which is good progress lol
 
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