BLKNSTY

I mean you are a little with all this talk of maintenance being such a big issue. This isn’t a refinery or a chemical plant or liquefaction facility where you’ve got corrosion, leakage, fouling, upsets, off-spec, equipment that needs to operate at -273F and a thousand PSI, highly explosive chemicals and corrosive acids, etc across a dozen different units doing hundreds of different things. It’s 4-8 nat gas gensets running in parallel pulling 99.9% methane off a 36 inch line, a stack, a flare, a cooling tower, some heat exchangers/pumps/condensers maybe a firewater system. Any plant manager worth his salt has his spare parts on site and any competent power producing company should know that. There’s a reason why there are hundreds of electric gen coops across the country run by 12, 60 yr old dudes who have white hair, couple missing teeth, bushy mustache, a big belly, a tshirt with a front pocket filled with tiny screw drivers and a pocket protector tucked in his jeans and loves to eat at hooters cause he only gets paid 80k-120k a year. In short any nat gas power plant down because of inside the fence issues is probably incompetent. That incompetence has probably made it to the corporate level, which has been acquired by some PE firm who wants to choke out a couple more bucks and just focuses on the bottom line. The only safeguard against that incompetence is ERCOT/Abbott but that incompetent company is at least smart enough to realize that if you line the pockets of the state gov/affiliated party, not only will they go to the grave defending your company’s incompetence - they’ll fucking recover any money you’ve lost due to your own incompetence with fees/taxes/bailouts from the ratepayers! We are literally creating, incompetent and greedy power producers who, through our inability to hold those we vote for incompetent, are too big to fail. It’s really incredible how we’ve gone from a somewhat capitalist country to a oligarchy fuel by rent seeking behavior. Incredible ROI. Sent from my iPhone using Tapatalk

You know, just asking questions. Yeah they shouldn’t have put his name in this article. This girl’s name will be reduced to a hashtag on Twitter soon and that just breaks my heart. fuck this dude, the GQP, and Fox News.

I hear you on this Neon but here’s my main disconnect, its tough for justify a 6% rate on a purchase where the purchase price is 50% higher than where it was 2-3 years ago. It’s a bad decision on top of a bad decision, and even if I refinance, I could be upside down on that property pretty quickly. Unless I’m totally wrong, which I admittedly can be. Need to better understand what happens when I refi tho so I have some homework to do. I know, i know the price is the price and we aren’t building homes at the pace we should so supply won’t be balanced for awhile. Here’s a question tho, at what point do investors start funneling money into commercial conversions to residential, is that even a thing? Everywhere I look I see commercial space for rent but with some zoning fixes and some capital I think solves that.

WVA vs EPA reversed and remanded. Sent from my iPhone using Tapatalk

https://buffalonews.com/news/local/authorities-investigating-if-retired-federal-agent-knew-of-buffalo-mass-shooting-plans-in-advance/article_bd408f18-dd39-11ec-be53-df8fdd095d6f.html Authorities investigating if retired federal agent knew of Buffalo mass shooting plans in advance A police vehicle is parked at the Tops Markets on Jefferson Avenue in Buffalo on May 15, a day after a gunman murdered 10 people and injured three others. Law enforcement officers are investigating whether a retired federal agent had about 30 minutes advance notice of a white supremacist's plans to murder Black people at a Buffalo supermarket, two law enforcement officials told The Buffalo News. Authorities believe the former agent – believed to be from Texas – was one of at least six individuals who regularly communicated with accused gunman Payton Gendron in an online chat room where racist hatred was discussed, the two officials said. The two law enforcement sources with direct knowledge of the investigation stated these individuals were invited by Gendron to read about his mass shooting plans and the target location about 30 minutes before Gendron killed 10 people at Tops Markets on Jefferson Avenue on May 14.

I’d argue that the impact of Student Loan forgiveness is already pretty much baked in. Something like 96% of ppl with student loans haven’t made a payment in 2+ years. Sent from my iPhone using Tapatalk

yeah my bad, I thought I was looking at a 20 year chart but it was just 10. So yields are at about a 12 year high with some room to run. Sent from my iPhone using Tapatalk

Understandable and I do think the “underemployed” is an issue but I don’t know if I’m comfortable with how the gig economy folks are considered in these numbers. But just from my viewpoint, we’re hiring like crazy and I see help wanted signs everywhere. Sent from my iPhone using Tapatalk

Collective basket of foreign currencies on market watch. We’re up 16% YOY and the chart looks like we’re right at 20 year highs. With us increasing rates while the rest of the world not, should be a steady grind up for the for the foreseeable future unless things drastically change. And even if things do drastically change, chances are those events would further strengthen the dollar. Sent from my iPhone using Tapatalk

We have: an incredibly strong dollar, sustained high levels of inflation, rising interest rates, stock market off by 15% from recent highs with tech stocks down 30%, high fuel costs, very low unemployment, a record number of job openings, rising wages, stagnant economic growth, commercial real estate sitting at 40% leased, residential real estate coming off a multi-year tear, treasury rates at all time highs, a bloated fed balance sheet with a plan to shed some assets. Not including anything geopolitical/political, anything else y’all would include? Sent from my iPhone using Tapatalk

Hopefully it’s a sign of a bottom. All in in June $450 calls Sent from my iPhone using Tapatalk

There have been 2 days in the past 25 years when S&P 500 futures were down 3% and 10-year Treasury futures down 1%: October 9, 2008 March 18, 2020 Someone is blowing up, and this is forced liquidation. Saw on Twitter

It ain’t that much different here chief… only thing holding it back from being this egregious is the chance of losing your tax exempt status. no cr, just want to point out that it’s pretty damn believable from where I’m sittin’ Sent from my iPhone using Tapatalk

Off topic

the worlds richest man basically bought all our DMs and took the company private. Twitter doesn’t use end to end encryption on DMs so that shit is wide tf open to anyone who has access. 100% private company with minimal oversight. yeah yeah I know, what about Zuck? I don’t think that’s exactly the same - it’s a public company with a board and Zuck has at least some track record. Shareholders and fiduciary responsibility etc. yeah yeah companies are already making bank off my data but that’s keywords or some dude making $35k a year who has no beef with me reading about how I’d eat my coworkers ass on a silver plate. yeah yeah what about Bezos? I dont DM on Amazon and I could give two fucks about WP as I’ve never even visited their website. I have absolutely no doubt this shit is going to end badly. Some real sensitive DMs bout to get leaked. Genuine question, what’s stopping Elon from busting open all the DMs of anyone who’s looked at him sideways/his competitors/governments and politicians capable of being blackmailed and fucking up their shit? This some NSA level access but at least we can chalk that up to terrorism. I know the legal system is there but this mf really called a guy a pedo on Twitter and still one the defamation suit. I’m in for the ride though baby, crank up that simulation shit baby

we are producing more nat gas today than at any point in our history. US production is up 2.5x since 2012, the last time we had pricey nat gas for any extended period of time. so there’s that nugget. Sent from my iPhone using Tapatalk

bro let’s not even talk about the 3 years of fucking useless trade wars and tariffs. Nope that didn’t impact inflation. /s China is below their nonbinding ag trade thresholds, Canada ain’t buying our milk, Mexico ain’t buying our cars, and we still ain’t making any steel stateside.

Oil at $110+ for any extended period of time accelerates demand destruction tremendously and Russia fucking cemented that for at least 2 to 3 years. I don’t think that’s good for O&G. We can ease domestic hurdles all we want but domestic motor gasoline consumption, which is by far the biggest consumer of crude oil, has been relatively flat at 9 million barrels a day since around 2008. the odd straw man argument isn’t really a straw man. Dems need a reason to ease domestic production or they’ll be facing an internal revolt. but if I’m a Dem, I wouldn’t do that without knowing for sure gasoline prices will come back down. The math says easing domestic hurdles alone aren’t going to do shit cause none of it will stay here. So not only will they get dragged for high gasoline prices from both the right and the left, it’ll look like they turned their back to their treehugger base. Literally a lose lose. At least with the status quo they can keep some of their base happy. Otherwise the dems can point to Russia as a reason to switch to electric, and at these oil prices + tax breaks and EV subsidies - it’s a damn good proposition. Sent from my iPhone using Tapatalk

the reason as to why not both is that it’s just a hypothetical negotiation between the left and the right in terms of what can we do to help bring down gasoline prices today. In this hypothetical situation in which you were the single decision maker for the entire o&g market, would you take a deal that said we’ll ease domestic production hurdles in return for reinstating the crude oil export ban? If I represent the o&g folks, to me, it’s not even a question. I’m fighting tooth and nail to never ever ever give up that ability to export crude oil. At the same time I’d be controlling the narrative in the sense that I’d be paying my senators to say the domestic hurdles are the reason why gasoline and nat gas prices are high. It’s too easy. A+B=C You look at the WTI/Brent spread from 2011 to now, it’s basically gone from $10-$20 to $2-$5. We have literally pushed crude oil to more of a global commodity when at least in the past we had a little delta. I don’t think that’s a good thing for Americans in general. I think that is a direct result of the revocation of the crude oil export ban. We are more exposed to KSA and OPEC now than we ever have been, and even if we opened the production spigot by easing domestic hurdles, it wouldn’t make a lick of difference cause now we no longer have to just balance US production/consumption - we have to balance the global demand. again just a hypothetical, let’s not think through the legal headaches and the lawyers we would pay literal billions to think through force majure and shit. also, this is just applicable to crude oil. I’m a big fan of LNG personally. I think we flare too much ng and getting actual useful energy out of that in whatever form we can is a tremendous net positive. long oil IMO cause we’re never going to reinstate the export ban. I bought a ton of Magnolia O&G mid Covid cause I loved their senior leadership and I’m holding on forever. $1 bet that 5 years from now domestic crude production will be up another 25% but crude oil will still be $100+. But we’ll still be bitching about these domestic hurdles. Sent from my iPhone using Tapatalk

question to the pro-oil guys here, say you get what you want - no activist ESG initiatives, ramp up of banks investing in production, streamlined permitting, Keystone and other pipelines, hell even US DOE backed funding for retrofitting of refiners to process our domestically produced light sweet crude. But the trade off is we reinstate the crude oil export ban that Obama did away with back in 2014 I think. And yes I know this doesn’t apply to nat gas. We are currently exporting around 4 million bbls/day of crude oil. Up from about 0.5 in 2014. We are currently exporting around 12 bcf/day of LNG. Up from about 0 in 2014. Nat gas via pipeline is around 8 bcf/day, up from about 6 in 2014. And we’re also producing more crude oil and nat gas today than we were in 2014, even though our internal consumption has remained relatively flat. Yet we’re paying $5/gal and $6/mmbtu we know for a fact that nat gas and crude oil are priced on the marginal cost to produce (i.e the cost to produce the last bbl/mmbtu needed to balance the market more or less sets the price of the first produces). cause here’s where I’m coming from - can’t have your cake and eat it too. We can’t be out here saying American independence, lower prices when we know all of the incremental production is headed towards international markets which frankly makes a ton of sense/is big oils right since we’re all capitalists. My belief is that even if we remove all those impediments and don’t reinstate the crude oil ban - the days of $3 gasoline/nat gas are firmly behind us without some black swan demand destruction (i.e. COVID) event. I’d argue that this is actually anti-American in a way since we’re still getting fucked by high gasoline prices since big oil makes better returns/better financing cause of a forward sold contract going international plus the additional pollution in our local environment so that a subsection of oil and gas producers and mineral right owners make off like bandits. So as long as the crude oil exports are still in the picture - I’m having a tough time believing that big oil will take pity on us Americans and our $5 gasoline/nat gas so they are better served blaming ESG and permitting (i.e. controlling the narrative/deflecting) Would love to here from the experts on where I’m wrong. Sent from my iPhone using Tapatalk

Reunion? Sent from my iPhone using Tapatalk

lol I think they revoke your passport in Taiwan if your BMI is over 20 so no. Sent from my iPhone using Tapatalk

This forum is wild man. I also played Torrey last Monday and know exactly who you are talking about. hook ‘em

Anyone know if these videos are of this guy? If so, what’s that saying? Don’t jump a girl with your homies without an AR?

Anyone following the Sentinel One IPO? Competitor to ZScaler and Crowdstrike in endpoint security. Should be in a few weeks. I’m batting 0/1 with IPOs this year after CoinBase and down about 30%. I thought was a pretty sure thing so I backed up the Brink truck and rode that Motherfucker alllll the way down. Sent from my iPhone using Tapatalk