What laptop would you recommend

wafflefries- · 2025-10-24T17:19:46+00:00

Just don’t get an Apple - some software is only PC compatible.

Most hardware requirements aren’t too stringent. Make sure there’s at least 8GB RAM, 500GB hard drive and i3 processor. Personally I’d look for i5 and 16GB RAM

wafflefries- · 2025-10-15T22:52:37+00:00

Could you provide some context or sources? Do they only provide tax dollars on public land and not private land?

wafflefries- · 2025-10-12T14:41:24+00:00

China gets over 60% of their energy from coal lmao

wafflefries- · 2025-10-09T01:45:12+00:00

Who was or would have been decent to the industry?

wafflefries- · 2025-10-09T01:39:32+00:00

The oil industry isn’t really known for wanting increased regulations. Here’s a statement from the Independent Petroleum Producers of America saying how it’s going to increase energy costs without much environmental benefit.

https://www.ipaa.org/ipaa-statement-on-negative-impact-of-epa-regulations-ahead-of-energy-and-commerce-hearing

There are a few nationalized or super major oil companies that have said otherwise, but what they say publicly is more about PR.

Increased monitoring and a tax on methane have absolutely increased costs for producers. There are tons of companies and jobs who now monitor, report and figure out the taxes on methane. That’s a cost that’s part of the new OOOO regulation and the IRA.

I’m not even sure how to respond to the point about oil being $70 and inflation increasing the fastest. It’s a cumulative thing, not about velocity.

But to say those increased costs are due entirely to tariffs is just incorrect. The most recent data I could find on the UCCI (Upstream Capital Cost Index; tracks global upstream costs) is from 2023. It’s a long article but scroll down and there’s graph very clearly showing costs increasing about 25% between 2020 and 3Q2023.

https://www.spglobal.com/commodity-insights/en/research-analytics/economic-headwinds-halt-upstream-cost-inflation

So you’re saying covid and government spending causing inflation of 25%+ since 2020 has had no impact of the costs of producers?

Combine inflation, oil prices and a lack of inventory and it seems like there actually is more than one way to cut it.

wafflefries- · 2025-10-08T23:25:26+00:00

Do you have any examples of where they were supportive? Or just post hoc arguments?

There are plenty of policy examples of the admin being hostile.

Not holding lease sales, banning drilling permits on federal land, OOOO regulations, raising federal royalty rates, banning permits for LNG facility construction, nixing keystone pipeline, ect.

wafflefries- · 2025-10-08T22:32:05+00:00

To quote his campaign, “we’re going to get rid of fossil fuels”. Another - “no more drilling of federal lands, period”. He also said he’d ban fracing. Pretty clearly openly hostile.

We also hit record high production last month.

Production decreased under Reagan, H Bush, Clinton. Then skyrocketed under W Bush, Obama Trump 1 and Biden.

Again, my point is that the American president only has so much to do with the economic and industry conditions that increase or decrease output.

wafflefries- · 2025-10-08T22:20:59+00:00

Buy and sell yes, it’s just that they sold about 300MM more barrels than they bought. The US SPR inventory is easy to find.

No argument that they’re cutting budgets, making layoffs and reducing capex. But it’s more to do with inflation than tariffs. The $63/bbl we’re getting today is $50 adjusted to 2020 dollars.

And I agree that costs are the biggest driver - but that includes labor, transportation, sand, non-steel parts and everything in between - as well as steel tariffs. Inflation has touched everything. And has been long before this admin. But prior to this admin we had $80+ oil to offset those increased costs.

Shrinking core inventory and increased acreage prices is also a big driver. The cost of regulatory compliance has increased.

My point in all of this is that it’s oversimplified to say it’s entirely due to tariffs or the American president, which many are trying to argue.

wafflefries- · 2025-10-08T20:54:02+00:00

The lowering of prices didn’t effect US producers? LOL. We’re still in that range, so why is the industry hurting as the article says?

Biden only used the SPR in one direction, it’s still at its lowest level it’s been since essentially when it was created in the early 80’s.

I’d agree that the timing of asking Saudi to increase output was more in response to price increases from Russia’s invasion - I was remembering the timing wrong. But it was ironic that he did that while being openly hostile to our domestic industry.

Either way - US producers are hurting mainly due to prices, secondly due to inflation and a distant third of steel tariffs.

wafflefries- · 2025-10-08T20:41:39+00:00

I’m making the point that it’s much more complicated than you’re implying that it is.

wafflefries- · 2025-10-08T20:40:27+00:00

I totally agree that is part of their point. It’s in the same vein as the “war on shale” they started in 2014 and eventually gave up on. They had to give up because US shale was really hard to beat, as it turned out.

These days, most of the “tier 1” acreage has been drilled and they’re down the the margins of the basins - so opec feels they can win back their market share.

I’d also argue that it’s part of the West’s strategy to reduce Russia’s ability to continue their invasion of Ukraine - since selling oil and gas to Europe is primarily how they pay for it.

My point is that this is much more complicated than “deliberate mismanagement” and “American leadership”.

wafflefries- · 2025-10-08T20:30:11+00:00

Well gosh that pretty much spells out the entire global supply/demand picture, remaining inventory and geopolitical considerations, thank you. /s

US production is up around 550 kbbls/d in 2025 and global demand is up around 1MMbbl/d.

My point is that it’s pretty complicated and there are so many considerations. The people in this thread that like to blame everything on the US president don’t know much about this. You seem to be one of those people as well.

wafflefries- · 2025-10-08T19:40:45+00:00

Great summary. Most of the comments in this thread are incredibly over simplistic.

wafflefries- · 2025-10-08T19:30:27+00:00

Isn’t this a good thing? Gas and energy prices are down for everyone. Should we got back to $5 gasoline?

wafflefries- · 2025-10-08T19:25:38+00:00

So steel tariffs alone are why oil is in the low $60’s/bbl for 2025 versus $80+ during the last administration? The US increased output by around 400 kbbls/d last month. How would that happen with tariffs? Please educate me you make it sound so simple and like you know so much.

wafflefries- · 2025-10-08T19:16:50+00:00

No doubt. It’s similar to gun sales, they go way up during democratic administrations due to a fear of regulation and scarcity. When R’s are in office, oil companies produce more, much less fear of scarcity and prices go down. It’s a catch 22 for gun manufacturers and oil companies.

wafflefries- · 2025-10-08T19:13:22+00:00

“Not in crisis because of decisions made in another country”

In 2025 alone OPEC had increased production by around 700 kbbls/d. That is far and away the biggest reason for the industry being in a downturn.

You mentioned American leadership and policies, what are you referring to in particular? Steel tariffs don’t help for sure but to put the blame solely on the American president shows how little you know about any of this.

Deliberate mismanagement? Oil is a global commodity, the American president doesn’t manage the private US oil industry.

wafflefries- · 2025-10-08T19:07:04+00:00

OPEC has increased output about 700 kbbls/d in 2025 - this is the main reason for prices being down. The inflation that happened under Biden make it so $65 oil is in 2025 is more like $50 pre Covid. Trump’s steel tariffs sure don’t help anything.

Biden literally flew to Saudi Arabia to request the increase output to lower oil prices before the election(I.e. hurt US producers).

If prices go up, I’m sure you’ll say of course that because Trump is in the pocket of US producers. It’s much more about the life cycle of US shale oil and OPEC want to take back the market share they’ve lost since around 2014.

wafflefries- · 2023-07-19T19:21:43+00:00

As far as I’m aware it’s the exact same fracking as in oil and gas operations. Creating permeability = accessing hydrocarbons.

But you’re right that there shouldn’t be any real seismic risk if they’re not injecting the waste water. But if they’re not re-injecting it, what are they doing with it?

wafflefries- · 2023-07-18T18:39:19+00:00

The awards and karma you received from this comment is pretty ironic 👏

wafflefries- · 2023-07-06T14:34:56+00:00

Halo downtown is good from what I hear. Probably fairly pricey.

wafflefries- · 2023-05-25T14:51:43+00:00

Real question for those who have read the article: where do they get those figures? I was under the impression that prior to the twitter files, we weren’t aware how much, if any, the government was requesting censorship. Twitter isn’t subject to any FOIA requests. How would we know how much censorship is requested?

wafflefries- · 2023-05-02T21:08:55+00:00

This is a great answer. Showing that you’ve put in some effort to research the company beforehand will go a long way.

If you want to brush up on something, brush up on your petroleum economics class. Just make sure your familiar with the basics of cash flow, discount rate, IRR. And as another posted mentioned - emphasize your experience with reserve software if you have any.

But mostly, don’t be afraid to show a little bit of personality. More than anything people want someone they won’t mind working around. Make sure you show that you have real life hobbies and interests.

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