Investing

[Screwball]

  

1 hour ago, Deleterious said:

So we are getting between 30 and 50 million barrels of oil from Venezuela?  We use 20 million barrels a day.  What's the point.  

So someone can make money?

Its always about money. There is a lot of irony in all this. Politically, especially given the imperialist nature of the USA going back the the PNAC clan, which spelled out world domination by military force if need be. What was it, Gulf war, ticker symbol HAL. Haliburton and the Cheney gang, originals of the PNAC world pillage operation. The goal was to control the resources. Black gold - Texas tea - Carlyle Group - Bush. Funny how this **** works.

The stock market is at all time highs (or close). What's not to like? Probably a lot not to like if you live in the real world which is everyone reading this and a ****load more.

It has always been about energy and other raw materials, but growth doesn't happen without energy. Who owns it, controls it, or steals it. This is what we do, but that doesn't mean we are too smart.

Energy needs? For who? And how? The amount of energy we consume, where does it come from, and who uses it?

When you think about it; the added demand from the newest thing, data centers, and as talked about up thread, the crypto mining that eats energy, our thirst is expanding at quite a rate. Check you next electric bill for proof. We are nowhere close to filling the void without petroleum derivatives anytime soon. 

Even if there was a plan for all the reserves in VZ to be extracted, transported, processed, and pumped into the gas tanks of our car, it would take years and billions of dollars. And when was the last time something didn't turn into a giant boondoggle? 

This is still why we need to steal the oil. Been the plan for a long time (see PNAC). This is also why they hate Trump, he's stupid enough to say it out loud. 

For every unit of growth you need a unit of energy. The problem lies in how much it costs to get it, no matter the flavor. EROEI. Energy Returned On Energy Invested. With the price of crude around 60 bucks no drill is about to hit anything. We produce more domestically and will for some time, but that game is also price sensitive, and they have sucked (fracked) the wells like a 30 year old cow. Once they start depleting, they go quick, that is happening.

The Permian Is Drowning in Its Own Wastewater - OilPrice.com

At the end of the day, and maybe the most important question; this would take years to develop if it even worked out. We are talking 300 billion barrels of crude (estimated reserves) here, so that's a lot of money to be a part of. But, who the **** in their right mind would commit billions in investments with unknown global stability over the course of the development? And I don't care what ****wads are in power.

TL:DR - there is no doubt a trade here.

Edited Wednesday at 04:46 AM by Screwball

[gehringer_2]

29 minutes ago, Screwball said:

 

The Permian Is Drowning in Its Own Wastewater - OilPrice.com

Quote

Potential solutions, such as treating the water for release into rivers, face regulatory hurdles and would add significant, unwelcome costs to producers operating below $60 per barrel West Texas Intermediate.

This is the crap that frosts me. We let them operate dirty because they pay everyone off out of current profits, then walk away, off load the  depleted asset into an empty shell, declare bankruptcy and leave the public holding the bill for the cleanup. Americans have been suckers for big oil from the word go.

Edited Wednesday at 05:13 AM by gehringer_2

[chasfh]

23 hours ago, Screwball said:

Here, beat the rush;

After you ... 😁

[chasfh]

12 hours ago, Deleterious said:

So we are getting between 30 and 50 million barrels of oil from Venezuela?  We use 20 million barrels a day.  What's the point.  

No one is talking about Epstein at the moment.

[Tigeraholic1]

Good stuff!

 

 

[Tigeraholic1]

 

[Tigeraholic1]

Smoking hot! The Ford diesel folks I work with have stopped taking engine orders for 6.7 Power Stroke V8 turbo diesels as they are booking orders into Q2 27 already. 

 

 

 

Edited Thursday at 07:41 PM by Tigeraholic1

[Deleterious]

🤔

 

[gehringer_2]

3 minutes ago, Deleterious said:

🤔

 

I heard a radio report today about a Gen Z survey - they aren't bothering to save because they don't believe they can ever afford a house and the ones that do invest like stuff like cryto.......🤷‍♀️

[Deleterious]

Seems like one of those feel good things that doesn't actually do anything.  

 

[Deleterious]

Fairly large downward revisions on previous months as well.

 

[Screwball]

11 hours ago, Deleterious said:

🤔

 

That's probably a good thing. 🙂 And don't tell them about the levered ETFs either. You need balls of steel to mess with those things. What's not to like; you can go broke 3X quicker. 🙂

[Screwball]

11 hours ago, Deleterious said:

Seems like one of those feel good things that doesn't actually do anything.  

 

I don't follow the sector that close but BLK (Blackrock) stock took a beating the other day due to this IIRR. I think the big institutional companies buying real estate hurts the housing market and the people. I'm surprised how many are in Cornhole are owned by large corps or PE.

[CMRivdogs]

It's an interesting conundrum. A couple of years ago one of my nieces put her starter home outside Raleigh, NC on the market and within a few days received an offer she couldn't refuse that allowed her to upgrade homes.

I guess it swings both ways, the corporations swoop in to take control of housing that allow some middle class owners to inch up a bit, yet at the same time make it harder for the lower end of the market to get a foothold

[Screwball]

Even here in Cornhole there is a footprint of PE (or someone like Blackrock (BLK)) buying homes and turning them into rentals. Not only here but many other places. It helps drive the price of rent up because it takes homes (and priced?) off the market. People here are paying over a grand a month for a 2 bed, one bath, and lucky if you have a garage. 

At the same time, I have watched homes around me sell for more money I ever dreamed possible, and it didn't take long for them to sell. I sure as hell wouldn't have paid what they did, given the house and rates at those times. One across from me has sold 4 times in the last 10-12 years. These were not big money.

Not sure they were smart money.

[Deleterious]

Some stats

Fact Check: Do private equity firms own 20% of single family homes?

Quote

No

Large institutional investors, defined as those owning over 100 homes (which includes private equity firms), own 3 percent of the single-family rental stock nationwide according to Brookings. This share is higher in some local markets — in the 20 Metropolitan Statistical Areas where these investors are most present, they own 12.4 percent — but they still own far less than 20 percent nationwide. The Urban Institute similarly finds they own just 3.8 percent of nationwide single-family rental stock.

Considering purchases rather than holdings, investors (those buying non-primary residences) bought nearly 27 percent of all homes sold in the first quarter of 2025. However, most of these purchases are likely by small investors (those who own less than 5 properties), as they own 85 percent of all investor-owned residential properties. Research by John Burns Research and Consulting found institutional investors are buying less than 2 percent of all homes.

 

[Screwball]

7 minutes ago, Deleterious said:

Some stats

Fact Check: Do private equity firms own 20% of single family homes?

 

Good stuff.

I've been here for 26 years, paid off long ago. Small place for the old decrepit crank that lives here since kids are on their own, so it's as cheap as possible to live in, and maintain. I have no idea what it might take to buy a house today. I can see the interest rates, but how much down, how many years, whatever the deal might be today? No clue. 

I'm also glad I don't have to deal with that decision. 

[Deleterious]

Oh lord

 

[gehringer_2]

9 minutes ago, Deleterious said:

Oh lord

 

Trump admin against the Banksters should be lots of fireworks.

Edited 6 hours ago by gehringer_2

[Screwball]

22 minutes ago, gehringer_2 said:

Trump admin against the Banksters should be lots of fireworks.

I'm guessing not. The banksters run the world, these ****wads are just the front men BSing the gullible population. If there is any fireworks it's all for show. Go back and watch the hearings when congress brought in the swine bankers after they blew up the financial system back in 09. It's all a show. People should have went to jail - or worse - they let them off like the worthless pukes paid off pukes they are. All on the same side. Everything else is theater. 

Trump is the perfect Al Czervik (Rodney Dangerfield of Caddyshack fame) for the con. No better distraction than a polarizing reality show creation like him. These people are laughing at us. 

[Tigermojo]

TACO