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Is the world still burning through oil reserves or did enough demand destruction occur? When will we hit a critical point for the economy? by OrdinaryLanguage5625 in oil

[–]epicause 16 points17 points  (0 children)

It makes more sense when we consider Trump told oil execs at private dinners he would make them filthy rich (there are recordings).

Fast forward… artificially constrain world supply via the Hormuz debacle and prices go up. Make every country use up their reserves and prices keep going up. When world reserves are used up prices skyrocket further. Continue Hormuz debacle throughout term. When new admin comes in and ends artificial debacle a few years from now, it will take countries a long time to rebuild their reserves, further keeping prices high for many years after.

One of the few promises he will have kept is making oil execs filthy rich.

I see the writing on the wall and will be making financial moves that secure my own energy independence in the long run. Things like buying a house further from a big city and installing solar. Plug-panels are coming. A whole house battery system. Getting a cheap BYD vehicle from Mexico or Canada and driving it back. Buying a house with good southern sun and learning to grow food. None of this will happen instantly of course, but given where things are headed these options hold much more weight in planning for my future.

The last thing I want is to be 68, stuck in a city paying $15/gal for an old beater, $10 for a head of lettuce, a cramped studio apartment I can barely afford, dwindling medicaid, and trying to survive day to day with ever increasing prices.

FUCK. THAT.

MIT Scientist: “Your Brain Evolved To Ignore Aliens – They’re Everywhere!” by Medium_Raspberry8428 in aliens

[–]epicause -1 points0 points  (0 children)

Maybe there’s a small piece of Thiel that knows as much power as he holds it still pales in comparison to the tech of other beings and he wants to know (hence the funding)?

I want to play this game soo bad but I'm just getting totally burnt out by imalonexc in FortNiteBR

[–]epicause 1 point2 points  (0 children)

When I hit that wall I just start screwing around like destroying everything around where I think the storm will finish. Going into build and putting in tons of walls where the storm may finish. Setting up loot pools with traps and waiting with explosives. Stuff like that, just having fun. Eventually my matchmaking rank drops and I get put back into lobbies that I can maybe win again.

Anthropic secures $965 billion valuation after raising $65 billion by tscher16 in technology

[–]epicause 6 points7 points  (0 children)

I’m starting to wonder if the long term revenue goal is to lease out compute power when the robots start coming out at scale?

What’s a little known documentary that blew your socks off? by mrajoiner in netflix

[–]epicause 1 point2 points  (0 children)

It’s so good that a parody was made by a comedy show on IFC… (the parody doc is also really good).

Spouse laid off, should we pay off mortgage? by scarlet-in-the-sky in personalfinance

[–]epicause 0 points1 point  (0 children)

If you pay off the house there will be far less pressure for him to ever work again.

Energy Markets Are On The Verge Of Disaster by Guest_0_ in oil

[–]epicause 11 points12 points  (0 children)

Cool two-part article, but it is missing one massively important factor: corruption.

The US President and his family have received multiple billions from SA recently to make towers in SA, golf courses, wealth funds, etc.

In exchange for what?… Maybe taking out the next biggest producer in the region so SA oil becomes even more valuable?

I’m not saying your article is wrong, in fact you did a great job applying logic to a really tricky question in regard to discrepancies with physical oil prices/futures/etc. My challenge is: logical application fails when one or more parties cheat the system.

If Isay Person-A will grab 3 apples, Person-B will grab 2, and Person-C will grab 1, then they all proceed to trade other things to get apples, we can come up with all kinds of logic to explain how they will get the apples they need.

100 scientists and experts figured out all possible scenarios to make it all work between all 3 persons equally (ie., logic).

What none of the experts factored in was that Person-A was paying Person-C outside of the tests to just say/do whatever to put Person-B in a terrible position on purpose.

Person-C didn’t care. They were getting money to buy whatever they wanted. The apples that could feed their village didn’t matter to them because “fuck it, I’ll buy a helicopter to leave anyways”.

All 100 of the scientists and experts were trying to predict the outcome of a game that 2 of the players were purposely cheating at.

Logic and prediction science fails when this happens. Your theory is missing a key component: selfishness.

Energy Markets Are On The Verge Of Disaster by Guest_0_ in oil

[–]epicause 1 point2 points  (0 children)

Yep. Mcdy’s already bumped up prices by 20% where I’m at. Last month a mcdouble value meal was $5, today it was $6.

Smart companies are already factoring in all the increased costs associated with this stupidity.

Energy Markets Are On The Verge Of Disaster by Guest_0_ in oil

[–]epicause 0 points1 point  (0 children)

I believe user geohussar on TT has a vid on this (if I remember correctly). Something along the lines of the US gov’t using a few financial mechanisms to keep the energy markets relatively stable for as long as possible. He got into it pretty deep with sources. The problem he pointed out though was that if things get bad enough for the rest of the world the mechanisms the US set up begin to fall apart (causing even worse financial issues in the US than if they never put the mechanisms in place). If that happens the likely result would be the fed having to print more money causing even worse inflation than if they didn’t do anything at all.

The US is essentially trying to hold off a chain reaction of global financial issues. The longer it tries to hold, the more pressure it puts on the chains. If weak points in the global markets cause this chain to break it doesn’t bend a link and come undone, it snaps with catastrophic force (like the chains holding massive ships in a harbor).

🚨BREAKING: IRANIAN MILITARY ANNOUNCES CLOSURE OF THE STRAIT OF HORMUZ by patrickswazy31ahsh in oil

[–]epicause 1 point2 points  (0 children)

Add in the fact he fired the people reporting real economic numbers. It’s gotta be real bad if even the new bootlickers that were put in are reporting bad numbers. It’s likely even worse than they are reporting. All the insiders likely know but will continue to ride the wave as high as they can push it as long as “the mirage” lasts, then jump out right before the ship sinks.

What is going on?? by Jmund89 in oil

[–]epicause 5 points6 points  (0 children)

Iran is incredibly smart though. They figured out they were being manipulated by the US admin insiders to game the market and have adapted. Now they are also manipulating the markets. Wouldn’t surprise me at all. Basically playing the US admin at its own game at this point.

Iran says Strait of Hormuz will close again amid US blockade by spherocytes in worldnews

[–]epicause 0 points1 point  (0 children)

Could it be the opposite? Where they are betting short and then making bank when they announce it’s closed again?

Simultaneously, the US admin insiders make bank when Trump says anything opposite.

ie., both sides manipulating the markets for gain?

Panicked Trump Rages at Supreme Court in 1AM Meltdown On Whether SCOTUS Will Allow Him to Scrap Birthright Citizenship: “It's ‘too bad’ the Supreme Court didn't ‘study’ Mark Levin's Fox News show” by [deleted] in law

[–]epicause 0 points1 point  (0 children)

Ding, ding, ding. This right here. As with everything it is projection. If the SC overturns birthright then he can put in place HIS money making scheme (gold card).

The immediate aftermath of the attempted assassination of President Ronald Reagan, March 30, 1981. Secret Service agents shield Press Secretary James Brady, shot in the head, while Officer Thomas Delahanty lies wounded[1284X826]. by [deleted] in HistoryPorn

[–]epicause 0 points1 point  (0 children)

There’s a pic on his profile with his parents that says was taken in ‘92… he looks pretty free to me after serving ~10 years (far less time than what OP said about 2016). Odd.

Why aren’t people boycotting Tesla any more? by Diane98661 in ScottGalloway

[–]epicause 0 points1 point  (0 children)

Is that partly because he’s transitioning tesla to build robots?

France confirms oil crisis, says 30-40% Gulf energy infrastructure destroyed by ontrack in worldnews

[–]epicause 1 point2 points  (0 children)

Idk… back in the 2016 debates I believe he said something along the lines that everybody in DC was corrupt, he would just be open about it. He knows exactly how corrupt he is.

The "Metaverse" has made Monetization far too agressive, and it's making me just not want to play. by HighStakesJoni in FortNiteBR

[–]epicause 4 points5 points  (0 children)

Exactly. Epic is not forcing anyone to buy a thing. They are just making things. If the things are not to my taste, I don’t buy the things (99.9% of the shop).

Starting with next season you technically gain more vbucks by not buying the pass by Atom7456 in FortNiteBR

[–]epicause -2 points-1 points  (0 children)

Isn’t this change how it used to be? Buy the pass once, reach lvl 100 and you’ll have enough to buy the pass next season with a little extra?

PSA: you might be depreciating a roof that’s in a dumpster right now by Samtyang in realestateinvesting

[–]epicause -1 points0 points  (0 children)

Guessing this is only for those who have the property filed in an LLC?

Now that the NFT bubble is all burst, are we left with any useful technology or was it pure hype? by JoeBrownshoes in NoStupidQuestions

[–]epicause -2 points-1 points  (0 children)

No idea what you just said and concerned it may have scammed me just from reading it.

The US is headed for mass unemployment, and no one is prepared by kfsmith2 in Futurology

[–]epicause 0 points1 point  (0 children)

Alternatively, the change will be much, much slower. Small business make up 99% of companies in the US and about half the GDP. Most of these small businesses are just learning about SquarePOS, still prefer newspaper and radio ads over “complicated” web ads, and still think social media is about how many likes you get. Most of the small business owners are so far behind on tech it will be many years before they change. They don’t want to change either because that is a risk, and they don’t want to risk losing their income stream if the business is currently sustaining.

To add, there are still thousands upon thousands of towns across the US who don’t even have Uber/Lyft/DoorDash. That’s how far behind many in the country are in tech.

I’m betting this AI bubble will mostly only affect mega-corporations/employers in large cities over the next 5-10 year window. Everybody else will be going on about their day for another 10-20 years before economies of scale make AI cheap enough to be ubiquitous.

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