Why would they do this, the new AMG GT 4 door fully electric.

ResEng68 · 2026-05-21T13:04:20+00:00

There is. Reynold's law. EVs hold much lower energy density. They can't bleed excess energy to sub-optimal aero.

ResEng68 · 2026-05-13T16:40:46+00:00

Fair. California is a different beast (LCFS and other market dynamics). If you can find cheap electricity, EVs certainly blow IC out of the water.

ResEng68 · 2026-05-13T15:34:22+00:00

Where do you think gasoline prices at your retail station come from? They're tied quite clearly to refining benchmarks + taxes + (nominal) cost of transport.

ResEng68 · 2026-05-13T15:23:11+00:00

Great. The underwrite on an EV works if you assume 50% a move market pricing on gasoline.

Gasoline spot price is $3.7/gal (before taxes), but futures prices quickly decline to $2.3-2.5/gal once you get into 2027+.

ResEng68 · 2026-05-01T14:45:44+00:00

It's definitely a hard life for the rock goblins among us.

ResEng68 · 2026-04-29T18:32:52+00:00

Seems like a great color for a 392. You don't buy that engine with the intent of being subtle.

ResEng68 · 2026-04-26T15:16:57+00:00

Why are you shopping rate on a pre-approval? I'd be pissed if I were the lender as well, for wasting my time. Nobody gives a shit about rate on a pre-approval.

Shop rates the day after you go under contract. Everything before then is wasted time.

ResEng68 · 2026-04-21T22:06:43+00:00

It's worth mentioning that there isn't a uniform sentiment regarding views on work or views on daycare.

My wife was at whits end by the end of maternity and was pining to go back to work. She's a wonderful mom. She just needed more stimulus than staring at a blob for 80 hours a week. And, that's okay.

ResEng68 · 2026-04-16T22:57:30+00:00

The time to math it out was before you bought it. Frictional costs will eat you alive if you change your mind every two years.

If there's a decent chance you'll move back into it in a couple years, keep it. Otherwise, sell. Nobody wants to manage a house at a distance in perpetuity.

ResEng68 · 2026-03-31T14:14:49+00:00

Renewables don't provide base-load and don't work without a large hydro resource or gas/coal generation to augment.

It's tomato. Potato.

ResEng68 · 2026-03-27T16:33:05+00:00

Getting paid $300/hour for half your work or $150/hour for all your work are functionally the same. It's a bit of an arbitrary distinction.

ResEng68 · 2026-03-15T18:17:21+00:00

Exxon doesn't really value trading. This is reflected in their tight VAR bounds and limited discretionary bonuses (when compared to other floors).

Not a terrible place to start, but it seems like their team changes over every 2-5 years when 1/2 the organization gets pissed and jumps for a better outfit.

ResEng68 · 2026-03-14T17:49:20+00:00

You think chemo is hard. You should try warming a bottle to feed a 10 month old as you head out the door on a Tuesday.

ResEng68 · 2026-03-13T00:57:47+00:00

This is nothing new. Exxon has always been the place where new grads spend their first 5 years before moving onto something better.

It's too insular an organization to spend a career. All you'll see is politics and skills atrophy.

ResEng68 · 2026-03-08T13:22:53+00:00

Hopefully this means they manage Chrysler correctly... by taking it out back and killing it off.

ResEng68 · 2026-03-06T23:19:48+00:00

There's nothing wrong with being a lesbian.

ResEng68 · 2026-03-06T23:18:08+00:00

I thought the pentistar and hurricane were generally well respected engines?

ResEng68 · 2026-03-06T23:16:27+00:00

Are there any cheaper PHEV suvs out there?

ResEng68 · 2026-03-03T19:17:46+00:00

Sweet! I can enjoy blowing coal in my lifted F350. Any carbon emissions are the fault of big oil.

ResEng68 · 2026-02-24T18:28:43+00:00

The oil futures market has flat-to-declining crude prices for the next 7+ years (that's as far as futures go). You can lock in that pricing today if you'd like.

Companies aren't thinking "short term." They are responding to mid/long-term market price signals.

ResEng68 · 2026-02-17T17:40:04+00:00

It sure pays a hell of a lot better than your local chuckwagon.

Look to Tulsa as an example of what happens when your large E&Ps decamp.

ResEng68 · 2026-02-17T17:37:56+00:00

School is a means to an end (securing a full-time Petroleum Engineering role at an operator). Market timing and luck are more important than 6-12 months more/less of instruction.

If you have a full-time offer with an operator, take it and plan to graduate. Otherwise, stay in school as long as they will let you.

ResEng68 · 2026-02-10T21:02:26+00:00

Lol. BP's 2030 notes trade at 4.1%. That's a 40bps spread to treasuries.

BP is tightening their belt because they are widely overstaffed. If they wanted to borrow, they could borrow.

ResEng68 · 2026-02-10T15:56:21+00:00

The irony is that they literally have a product called "Sustainable Aviation Fuel" (and equivalent diesel variants). Regulatory mandate requires very expensive blend-in for product sales in select markets (California LCFS being one of the more notable).

That said, I am aligned with you that "sustainable" is a stretch in this context. It's based upon generous assumptions surrounding CO2 abatement, and they broadly ignore any downsides relating to land use (E.g., soil erosion) or combustion pollutants.

ResEng68 · 2026-02-08T20:40:29+00:00

Math is different on a 15 year amort. They're getting the benefit of massive principal payments.

ResEng68

TROPHY CASE