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Posted on 4/7/19 at 4:17 pm to agregime1
Posted on 4/7/19 at 4:18 pm to The Mick
quote:
If the interest rate on the debt is lower than the return on investing that same amount then it makes sense to take the cheaper money.
This, along with potential tax benefits. There are lots of people who are financially savvy who have more than enough liquid funds to pay off the mortgage on their home(s) but do not as an example.
Posted on 4/7/19 at 4:20 pm to BurningHeart
quote:
I cant wait until the world largely transitions off of oil to some renewable form of electricity.
Not going to happen.
quote:
BurningHeart
Should say bleeding heart liberal.
Posted on 4/7/19 at 4:29 pm to 31TIGERS
quote:
Not going to happen.
Yes it will.
quote:
Should say bleeding heart liberal.
Not at all, mostly conservative. I'm just not so biased to blindly support everything oil because libs put up a stink about the environment.
Open your mind.
Posted on 4/7/19 at 4:31 pm to 31TIGERS
quote:
Not going to happen.
I always find these sorts of responses curious, since they are either rooted in wishful thinking or willful ignorance. The issue is not if but merely when and defining it otherwise is simply incorrect.
Posted on 4/7/19 at 4:36 pm to BurningHeart
quote:
I cant wait until the world largely transitions off of oil to some renewable form of electricity.
You might be waiting awhile if you're waiting for cheap and accessible renewable energy.
By the way, carbon capture technology seems to be way outpacing anything that might be construed as renewable.
Unless the world somehow changes its mind on nuclear energy fossil fuel usage is inevitable for not just 1st world countries but the poorest and most remote countries as well.
Renewable energy nuts seem to always forget the poorest people.
This post was edited on 4/7/19 at 5:01 pm
Posted on 4/7/19 at 4:37 pm to BurningHeart
quote:
Open your mind.
Pump the brakes. We cant have everyone going around doing that.
Posted on 4/7/19 at 4:42 pm to tiggerthetooth
quote:
Unless the world somehow changes its mind on nuclear energy fossil fuel usage is inevitable for not just 1st world countries but the poorest and most remote countries as well.
Renewable energy nuts seem to always forget the poorest people.
This is a dumb argument.
Posted on 4/7/19 at 4:45 pm to ThatMakesSense
quote:
This is a dumb argument.
Why is that? Probably would have been better to explain yourself in the same post you call an argument dumb.
This post was edited on 4/7/19 at 4:46 pm
Posted on 4/7/19 at 4:48 pm to agregime1
The interesting stuff out of their releases is that Ghawar (the biggest conventional oil field ever found) is down to 3.8 mmbpd versus the estimates of 5 mmbpd by outsiders. That and the fact that when oil was near a $45 average in 2016 they Had net income of only 13 billion and 2 billion free cash flow. Suggests 45 is a floor for Saudi going forward and they will act accordingly to keep oil relatively higher than that.
This post was edited on 4/7/19 at 6:40 pm
Posted on 4/7/19 at 4:51 pm to tiggerthetooth
quote:
Why is that? Probably would have been better to explain yourself in the same post you call an argument dumb
You're saying the poorest and most isolated have a problem obtaining fossil fuels, currently, yes?
Posted on 4/7/19 at 4:57 pm to notiger1997
quote:
When the Motiva brand Split with the Shell partnership, I assumed that they would start buying US assets
Announcement soon is the word
This post was edited on 4/7/19 at 4:58 pm
Posted on 4/7/19 at 4:59 pm to ThatMakesSense
quote:
You're saying the poorest and most isolated have a problem obtaining fossil fuels, currently, yes?
What? The exact opposite. Im saying fossil fuels are the best possible source of energy for the poorest individuals on earth. They're the cheapest and most accessible.
Posted on 4/7/19 at 5:26 pm to Obtuse1
quote:
The issue is not if but merely when and defining it otherwise is simply incorrect.
Okay then when? And with what technology?
Posted on 4/7/19 at 5:34 pm to Obtuse1
I don’t think people like you and the other guy realize what exactly is made from crude oil. I’ll give you a hint. Look around you. Probably 90% of everything around you came from crude oil.
Posted on 4/7/19 at 5:53 pm to RealityTiger
quote:
Look around you. Probably 90% of everything around you came from crude oil.
No shite Sherlock. None of that changes the fact that oil is a finite resource. That is one of the logical reasons to not to use so much oil in a destructive manner since at least most oil-based polymers can be recycled.
There will come a point where we have no option but to move away from fossil fuels to other forms of energy production if we wait until we are squeezing the last few drops out it will cause all the other things we use oil for to skyrocket in price.
It doesn't matter how many products we use oil for at some point we will run out unless we quit consuming. The when depends on a huge number of factors, the if is not debatable.
Posted on 4/7/19 at 5:59 pm to notiger1997
quote:didn't they commit to a pretty big Capex in the US this year?
I’m really surprised that they haven’t expanded much in the US yet. When the Motiva brand Split with the Shell partnership, I assumed that they would start buying US assets
Posted on 4/7/19 at 6:10 pm to Obtuse1
quote:
No shite Sherlock. None of that changes the fact that oil is a finite resource. That is one of the logical reasons to not to use so much oil in a destructive manner since at least most oil-based polymers can be recycled.
There will come a point where we have no option but to move away from fossil fuels to other forms of energy production if we wait until we are squeezing the last few drops out it will cause all the other things we use oil for to skyrocket in price.
It doesn't matter how many products we use oil for at some point we will run out unless we quit consuming. The when depends on a huge number of factors, the if is not debatable.
Who is this nebulous "we". Oil is not gonna run out in my lifetime no matter how much we use of it. Doubtful it runs out in anyone's lifetime currently in existence. Your great great great grandkids, they may have a problem.
Posted on 4/7/19 at 6:12 pm to agregime1
(no message)
This post was edited on 6/6/20 at 11:41 am
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