November 28, 20213 yr 11 hours ago, Boogyman said: Lol a fleet of Honda Civics. Lmao. Are they all gonna have NOS and are you gonna use them to hijack 18 wheelers? Only with spoon engines and motec exhaust systems.
November 28, 20213 yr 2 hours ago, JohnSnowsHair said: That's the type of work I do. So I'm not surprised. Automation is very different from AI. ML can fill in some blanks at decision points in algorithms, but you don't have true AI. I understand it's not 'AI' but it is a precursor to replacing manpower with these types of systems. Again think back to how tech was used in the workplace 30 years ago. Now go 30 years forward from now.
November 28, 20213 yr 8 hours ago, The_Omega said: Simply ignorant. Sure, there are major components where precision and repeatability is key, like the engine, or any gearing, but there’s also aspects where the human hand is preferable, like leather trim and upholstery. Humans are the weak link in any system, but they can also provide a level of comfort, and nuance, that machines can’t. 8 hours ago, JohnSnowsHair said: Ok. I'm referring to the mechanical parts of the engine. Didn't mean to offend anybody. GTRs to Bugatti are still handmade. Most super cars are handmade.
November 28, 20213 yr 10 hours ago, 20dawk4life said: GTRs to Bugatti are still handmade. Most super cars are handmade. Sure. And they're among the most unreliable and hard to service vehicles around. Well, GT-Rs are not so bad. But the parts are machine made, assembly by hand is really the limits of how they're "hand-made".
November 28, 20213 yr Author Haven’t checked the DXY in a few months but I’m surprised it’s up to 96 from 92 amidst worsening inflation
November 30, 20213 yr Just now, DaEagles4Life said: Any truth? That the price is down? Yes. That fear of a variant is why people aren't investing in production? No. That's mainly due to the lack of capital thanks to ESG investing mandates.
November 30, 20213 yr It's also only been a few weeks. No investor would pour money into production unless there were assurances the price dip was temporary.
November 30, 20213 yr 2 hours ago, JohnSnowsHair said: It's also only been a few weeks. No investor would pour money into production unless there were assurances the price dip was temporary.
November 30, 20213 yr 33 minutes ago, Kz! said: I'm sorry, 20%? A decade from now the statistics will show a 20% reduction in the average amount of chins per person.
December 1, 20213 yr 2 hours ago, JohnSnowsHair said: Are you eager to invest in shale now? I just find the concept of assurances dictating investment funny. Like, "go on children, mommy assures you it’s safe to invest now!” The sad part is you’re more right than you know broadly speaking, but it’s more about the Fed playing the part of mommy.
December 1, 20213 yr 16 hours ago, vikas83 said: That the price is down? Yes. That fear of a variant is why people aren't investing in production? No. That's mainly due to the lack of capital thanks to ESG investing mandates. There has been a massive backlog of inactive wells in the Permian Basin that producers have been slowly working their way through turning back on. This is much less capital intensive than drilling and investors love it. It's created an environment where investors are being rewarded by oil producers that aren't prioritizing drilling. Marginal producers, in general, are de-leveraging and seeing healthy dividend growth. The appetite to drill just isn't there right now.
December 1, 20213 yr 1 hour ago, mayanh8 said: There has been a massive backlog of inactive wells in the Permian Basin that producers have been slowly working their way through turning back on. This is much less capital intensive than drilling and investors love it. It's created an environment where investors are being rewarded by oil producers that aren't prioritizing drilling. Marginal producers, in general, are de-leveraging and seeing healthy dividend growth. The appetite to drill just isn't there right now. I posted it earlier, but we had about 700 active wells in Jan 2020. We were down into the low 200s during Covid. We're back up to high 500s now. I suppose the question then becomes what oil prices are when we get all the low hanging fruit back online.
December 1, 20213 yr 1 hour ago, JohnSnowsHair said: I posted it earlier, but we had about 700 active wells in Jan 2020. We were down into the low 200s during Covid. We're back up to high 500s now. I suppose the question then becomes what oil prices are when we get all the low hanging fruit back online. Shareholders are only willing to take so much punishment. It's always been the same story here in TX which is when oil prices are up, the drilling starts, and profit margins go down. And that's been acceptable when the price of crude can be counted on to remain steady or grow over extended periods of time. But I suspect those days are over for the time being. U.S. oil producers that have been able to remain disciplined in their ability to not spend outrageous amounts of capital on new drill starts are the ones that investors have been flocking to over the past few years. Sure, they're not producing as much oil, but investors are making more money.
December 3, 20213 yr Jobs report looks really funky next to the ADP report that came out. Labor participation up 0.2% to 61.8%, unemployment down 0.4% to 4.2%. But the total jobs added is only 210k? ADP reported higher than expected with 534k two days ago. I expect the numbers to be revised up significantly next month, because they just don't make a lot of sense to me.
December 9, 20213 yr 2 minutes ago, DaEagles4Life said: So a high number expected tomorrow consensus year over year expectations are for +6.8%, +4.9% ex food and energy
December 9, 20213 yr 11 minutes ago, vikas83 said: consensus year over year expectations are for +6.8%, +4.9% ex food and energy So would you say anything under 7% the market has already priced it in?
December 9, 20213 yr 6 minutes ago, DaEagles4Life said: So would you say anything under 7% the market has already priced it in? Yes, for sure. Guys are already speculating that the number will be higher based on Biden's comments. Anything below 7% will be no big deal. Plus, everyone expects the Fed to further taper later this month, so a bad number won't really change anything.
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