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But the ones people use who are bitching about high gas prices at the pump definitely have alternatives.. Again, there is NO SHORTAGE. This is gouging. The price at the pump comes down when more people use those alternatives.Quote:
Originally Posted by sirbumpsalot
Reality meet proximity
The problem with your argument is oil prices are up mainly because of too little investment (including in Russia) due to a variety of reasons predating Russia's unprovoked invasion of Ukraine. While it's true Russia is benefiting from higher energy prices, it's not necessarily the case lifting sanctions lowers prices all that much.Quote:
Originally Posted by rod9301
There's no doubt the Ukraine war has thrown a real wrench into the works and is contributing to supply side shortages but that's not the whole story. In the United States for example a lack of refining capacity is pushing up gas prices:
Attachment 419091
TINA
We Do Not Have Enough Lithium or Cobalt .
Attachment 419092
This is true! 90% of the worlds cobalt is from dem rep Congo and probably controlled by warlords. 60% of the worlds nickel (necessary in EV batteries) comes from Russia. Lithium is being produced and hoarded by…you guessed it! China!Quote:
Originally Posted by NakedShorts
Not saying electric vehicles are bad. But basically all energy has consequences. Make your bed with the most efficient/human rights friendly/clean/cheap!
Where does the power to charge the EV charging stations come from? Magic?
https://www.cnbc.com/2022/05/17/gm-i...dominance.html
And this of only the start of new battery technology.
Yup, all that and more is why I wanted hydrogen to succeed, but nope.Quote:
Originally Posted by Brock Landers
I don't watch TV. I don't have cable or antenna.Quote:
Originally Posted by NakedShorts
Agreed if we fight China, all bets are off and things are super fucked.
That may happen. But I hope not and am not investing based on the certainty of going toe-to-toe with the ChiComs.
That’s correct, but Current producers != mining reserves != reserves. Australia & Indonesia have the largest nickel reserves by far, a bunch of S America countries are sitting on lots of Lithium. Copper is gonna get squeezed though.Quote:
Originally Posted by Brock Landers
Hydrogen takes a lot of energy to separate from oxygen. Denmark is creating a massive off shore wind system specifically to power this process. With the idea of being a huge exporter of hydrogen. My guess is that wouldn’t fly with the voters of SoCal who just voted down a desalination plant.Quote:
Originally Posted by liv2ski
Lol. They're going to regret that.Quote:
Originally Posted by altacoup
Is it possible to short voter IQ?Quote:
Originally Posted by yeahman
This interview I thought brought up some good points about the bed for investment in the processing part, not just access to the raw minerals. There's a transcript so you can read it faster than listening.Quote:
Originally Posted by Summer
https://www.energypolicy.columbia.ed...tical-minerals
Regardless of a lot of economic wordology, I still managed to grab some cash on the falling knife.
Super glad I bought back my $97 XOM put, grabbed $15 profit and re-established today to make another $35.
Enough to pay for another 2 of the EPD shares I bought on the dip at sub $25. Grabbed another 100 shares at $24.45.
Picked up another 20 shares of MMP again, even cheaper this time…
Still got some cash in reserve, loving loading up on high yields for cheap!
Bob….you need to charge 2 and 20.
Also look at snp and ptr, Chinese oil companies.Quote:
Originally Posted by BobMc
During the last oil crisis, stock prices went down, but not by much and dividends seem to continue.
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Those Chinese oil companies are largely state owned. My advice: stay away from state owned companies especially those who aren’t friendly w the US.
Agreed. I don't like the regulatory riskQuote:
Originally Posted by Brock Landers
Gasoline is down .50c in 7 trading days. 11%.
Ahh, deflation! Someone tell the Fed to cut rates!Quote:
Originally Posted by 4matic
Nat gas is down 30% in 8 trading days.
GSCI also down 11%
Not the usual garden variety regulatory risk eitherQuote:
Originally Posted by LeeLau
Had a client call me last week and ask how to value their equity stake in a mine that a foreign government had just seized…Quote:
Originally Posted by Brock Landers
Me: do you want the long answer or should I just skip to “0”?
Ugh. Which govt. there are some motherfuckers out there. Starting w China.
One of your standard North African countries with a history of expropriationQuote:
Originally Posted by Brock Landers
We can get a bounce but WE MUST HOLD THE LINE
Larry Summers has the answer:
Quote:
Summers said in a speech on Monday from London there needs to be a lasting period of an unemployment rise to contain inflation — either, a one year spike to 10%, two years of 7.5% unemployment, or five years of 6% unemployment.
Put a different way, Summers is calling for the unemployed rolls to swell to roughly 16 million from just under 6 million in May.
President Joe Biden said he spoke with Summers on Monday, though he said a U.S. recession can be avoided.
The way Summers framed the numbers suggests he’s talking about what’s known as the Sacrifice Ratio, which is the link between unemployment and inflation. According to Jason Furman, the former chair of President Obama’s Council of Economics Advisers, in the 25 years before the pandemic, the Sacrifice Ratio has been six percentage points — meaning one year of a 6 percentage point jump in unemployment, or two years of a 3 percentage point increase in the jobless rate, would be required to knock down inflation by a full percentage point.
Not that he’s wrong but when you’re fed chair I’m not sure Summers answer works. Dual mandate and all.
Price stability and full employment
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Right now the Fed has hit it's mark on one but missed it's mark on the other
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So, pain for poor people. Man, wonder how the millions unemployed will feel about their buying power?Quote:
Originally Posted by Bunion 2020
Meh, they didn't want to work anyway. People are just lazy. Give em a couple of years in breadlines and they will be glad to go back to the sweatshop for 6 bucks an hour.
And Larry Summers can go suck a bag of dicks. I never liked that guy or his thought process.Quote:
Originally Posted by Brock Landers
So...supply. Shocking to learn that a bunch of money guys don't know how to make anything. Shocking.Quote:
Originally Posted by F#*k you cat
Some will end up in prisons producing ~2 bil worth of goods & services for 60 cents/hour. Merkia!Quote:
Originally Posted by Bunion 2020
How about a federal jobs guarantee to boost our productive capacity to end the supply chain issues causing inflation instead throwing people into a wood chipper to reduce inflation?Quote:
Originally Posted by Bunion 2020
That’s inflationary. The supply CHAIN issues are working themselves out. A lot of the issues now are pure supply. Not enough of stuff.Quote:
Originally Posted by mcphee
And the fed working to destroy demand will resolve those supply issues, yes, with some byblow of pain and misery.
id say the money people don’t know or care how stuff is made, and show no signs of giving a fuck. The underlying issues will get worse, not better
If anybody has gazprom adrs, you can now open an account at gazprombank by email, then have your broker transfer the shares to them, she you will get ordinary Russian shares. Which have a great dividend.
Ask me how i know.
And if you own other Russian adrs, you can transfer them also, but only after a trip to Moscow to identify yourself.
Again, ask me how i know.
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GSCI is 10% off it’s recent high. It’s still up 40% yoy but only slightly above its pre-war price.
Spent too much cash buying EPD and MMP on the dips, don’t have enough to sell XOM puts anymore. Gonna try to move over into selling puts on MRO, it’s down steeply the last few days. I’ll watch the pre-market tomorrow morning and see what I think I can get away with.
Put in an order to buy 90 more shares of GGPI, barely under closing. That’ll give me 100 to go along with my 100 warrants. Shareholder vote tomorrow to merge the SPAC, should start trading under a new ticker by the end of week. Still holding those, Lee?
Set another “if I’m buying stock I should buy a share of AAPL order”, set it at $133, doubt it fills. Set a SOFI $5 Jul 8 put order at .20, I’m ok with grabbing more at that price.
That’ll still leave me a bit of cash to play with, a part of me wants to throw it all in and a part of me says chill…