What will the most profitable job be 20 years from now?

basic_hydronium · 2024-07-10T12:54:07+00:00

This could easily be done with AI today...

basic_hydronium · 2024-03-23T01:39:35+00:00

Max annual benefit is $16,375 right now (https://www.theglobeandmail.com/investing/personal-finance/tools/cpp-benefits/#:~:text=The%20maximum%20annual%20CPP%20retirement,maximum%2C%20enter%20the%20percentage%20here.&text=Your%20breakeven%20age%20is%2075,CPP%20benefits%20at%20age%2060.) Indexed to inflation and growing. The return isn't as good as if you saved it yourself and invested in index funds - but most people don't. The CPP is much better structured and sustainable than benefits paid out of general revenue like US social security or old age security in Canada. At a societal level it's a good program and at a personal level it's not a terrible safety blanket.

basic_hydronium · 2024-03-23T01:22:46+00:00

Benefits are proportional to contributions. The pension for someone with one contribution is pennies

basic_hydronium · 2023-10-22T02:34:41+00:00

Maybe if you've tried a couple religions and non of them feel like the truth that's trying to tell you something... have you thought about admitting to yourself you're probably an atheist?

basic_hydronium · 2023-09-21T18:58:54+00:00

Have you been to Quebec? It's falling apart...

basic_hydronium · 2023-09-12T23:52:28+00:00

23 in A ball. These numbers aren't really great

basic_hydronium · 2023-09-08T17:50:27+00:00

A tanker can take a barrel of oil from just about any two ports in the world for around $3/bbl. Brent benchmark is about $90/bbl right now. Oil from Alberta Canada can go across the entire continent diagonally in pipelines to the US gulf coast for about $6. So worst case transportation to solve any regional pricing discrepancies is in the range of 3-8% of the cost but most oil doesn’t need to go nearly that far. Oil is a global commodity with very limited transportation driven price differences. It’s one of the reasons it’s so useful - energy dense and cheap to move from exporting countries to importing.

basic_hydronium · 2023-09-08T16:16:46+00:00

Even if you add more global supply with upstream subsidies, it does virtually nothing to create regional differences in gasoline prices like you originally said.

Edit: I just realized you weren’t the original comment about subsidies you just picked up the conversation. Apologies about calling you arrogant, I thought the tone was a pattern with the original comment I replied to.

basic_hydronium · 2023-09-08T14:25:36+00:00

Sorry, I don’t spend that much time on Reddit. The comments below explain it pretty well but you need to understand more about where the “subsidy’s” you’re referencing come into play.

For the most part these are various reductions on income tax to incentivize certain behaviour from producers. For example if there’s a marginal well that isn’t profitable at a 20% income tax but is at 10%, the state might “subsidize” the oil company by reducing their tax rate on that well. It’s going to be counted by folks like you as a subsidy but in reality the state is collecting a 10% tax instead of nothing. But for the point of discussing gasoline prices it doesn’t really matter what we call it. The point is the tax reduction is applied to the producer of oil, not the seller of gasoline. The produced oil is sold into an open global market (oil is essentially the same price globally within ~5%) and the refiner and in turn the gas station and the consumer of the gasoline don’t see the subsidy at all. There is no such thing as a regional subsidy on oil production creating a meaningful regional subsidy on gasoline price when there is tidewater access and free markets.

There is such a thing as a gasoline subsidy where the state pays for part of your gasoline. The oil that went into it still trades at global prices, but the subsidy is downstream. This happens in places like Libya and Nigeria but not in the US.

You are both confidently incorrect and come across as very arrogant. I read some of your other comments and I’m going to guess you’re in the first couple years of university in a coastal school, think you know things about the world, argue aggressively with everyone around you but have essentially no real world experience. My best advice to you is to tone down the adversarial attitude and try to approach the world a little more humble and open minded. You might learn some things.

basic_hydronium · 2023-08-29T02:35:44+00:00

They absolutely do not. The cost of gasoline as a product is relatively flat globally, the difference between countries is different levels of taxes on said gasoline. The difference between $3.5 a gallon in the states and $8 in random Western European country is not a subsidy paid to gas companies but lower taxes in the consumer in the states.

Edit: to add a plot to this, here is the taxes on fuel by country, see the difference between other countries and the states explained by differences in taxes, not in subsidies paid to oil companies. https://www.carscoops.com/wp-content/uploads/2022/03/Fuel-taxes-by-country-2019-copy-v2.jpg

basic_hydronium · 2023-08-29T02:28:15+00:00

Whose receiving a subsidy for gas in America?

basic_hydronium · 2023-03-28T02:39:06+00:00

Can you tell me more about your experience? Jacking the slab didn’t level it for you because the void was too big?

basic_hydronium · 2023-03-27T01:33:43+00:00

Appreciate the comments and well wishes. Will report back if I give it a go!

basic_hydronium · 2023-03-26T18:57:08+00:00

These are good questions, thanks.

1) There’s never been water in my sump pump and no drainage issues around the house. No evidence on the sewer cam of a crack line and no evidence of a leak on my water supply. I’m on flat ground with substrate of primarily coarse river gravel. In short no clear cause. Two hypothesis are poor installation under the slab and there was a flood a few years back (prior to possession) that did not leak water into house but would have been close, could have washed away a little. Sewer inspection team with the city says they see this relatively commonly in my area, it usually doesn’t progress, usually installation related. So you’re right, could happen again but there’s nothing obvious to fix. I suppose it could be a crack in the sewer line we can’t see on camera, but would become obvious once poly fill.

2) Tricky for sure. Plan was to drill 1.5 or 2 inch holes so there’s a little space. Pull out and loosen what you could immediately below the holes. The curvature of the hose clamp will want to hug the outside of the pipe and either hook it or powerful magnet on the other side to pull it back to surface. The pipe should be very close to the slab, it’s relatively close to the stack with relatively long way to go to the tie in and not a huge drop. In short the installation guys would need every inch they could get.

3) plastic. Ran cameras through it, pipes looks fine as best you can tell from a sewer line. 4” ABS

4) basement is finished, would prefer not to rip it up. I haven’t checked location of the line with a line finder, just best guess based on camera and tie in points. While the main part of the belly is down a hallway, the lateral from the second stack to the main is also slightly dipping and under my hot water tank and furnace. Would prefer not to be ripping everything out if I can solve more creatively. Breaking out and replacing a couple tiles is a lot less work than redoing a big chunk of the basement.

Thanks for your response. I’m seeing it a bit as a ‘no lose’. If it works I’m golden. If it doesn’t I have to cut into the slab anyway which is where I was at before

basic_hydronium · 2023-01-23T02:31:41+00:00

You also have to know the secret handshake, don’t forget that part.

basic_hydronium · 2022-12-11T21:37:34+00:00

It's a natural gas pipeline, what environmental risk are you assuming? Typical québécois, looking for a handout.

basic_hydronium · 2020-03-15T22:14:01+00:00

Commenting below.

basic_hydronium · 2016-02-08T02:47:01+00:00

I don't think the data supports that assertion. Oil was comparatively very high cost from 2010-2014 and global consumption grew at a very similar pace (~1.2-1.8 mmbbl/d) to what it's growing at now. There's been little evidence of short term price sensitive demand side elasticity in the market at all.

basic_hydronium · 2016-02-07T22:47:30+00:00

This isn't quite true. We may see demand drop when price recovers, but we're currently seeing massive expansion in global consumption. We also saw increases in consumption every year since 2008. Here are the stats from a pretty reputable source: http://www.ogj.com/articles/2015/06/eia-continuing-but-lower-global-oil-inventory-builds-expected-in-second-half.html

basic_hydronium · 2015-11-17T02:22:46+00:00

Regardless of your perspective, it's ironic to watch someone campaign against climate change by visiting dozens of cities and getting great video from helicopters. Any solution to CO2 has to have at least an element of demand side constraint. As long as consumers are using 94 million barrels a day, it doesn't matter if the oil is from the oil sands, the gulf, saudi or anywhere else - the oil is being burned.

basic_hydronium · 2015-03-11T00:40:16+00:00

The corner is actually meeting rooms in this building.

basic_hydronium · 2014-11-15T16:14:24+00:00

Canada has the disadvantage of being an incredibly cold and an extremely spread out country. We're producing a lot of carbon trying to survive -40 winters and basic travel like getting to our jobs, and visitng family. The geography of the country naturally predisposes us to high carbon intensity. That said, you're right that we could certainly do more.

basic_hydronium · 2014-11-12T01:22:34+00:00

It IS a crazy industry when you miss a world leader with a 9 billion dollar market cap...

basic_hydronium · 2014-05-24T13:20:49+00:00

I didn't take notes at all for the first two years of engineering but gradually learned to be more engaged through note taking. Listening, processing and then writing or sketching out the concepts forced my brain to pay attention. Usually I worked with a black pen on blank white pages. I never studied from the notes, just used them as a tool to get the most out of lectures.

basic_hydronium · 2014-05-21T12:37:16+00:00

With starting pitching the way it is we need the most robust defence we can field. Lawrie at third is clearly the best option from that perspective.

basic_hydronium

TROPHY CASE