The 10-year is at a 12-year high and climbing. Interest on our debt will soon require 35% of tax
revenues. The debt spiral is in quiet but steady motion. Get ready for the results.
Replies to: The 10-year is at a 12-year high and climbing. Interest on our debt will soon require 35% of tax
Not looking too good and it’s global but we are still the cleanest shirt in the laundry. Not saying
much but I’ve been at this for a long time and the value of the British Pound is astounding.
I'd feel better about it if we were drilling for oil.
(no message)
Absolutely the EU is the market. Biden and the DOE is out to lunch. Use out assets. We have more LNG
then anyone in the world. You open that valve and Europe will be our major buyer. It’s really simple. Just do it.
Please list your source(s)...mine (see link) say that the U.S. NG "Proven" reserves place us 4th
in the world, well behind Russia and Iran...but more importantly...since we are #1 in CONSUMPTION of NG, our Proven Reserves leave us with 12 years remaining.
When you get into "Estimated" reserves it would be wise to review this link as well...it's a bit dated (2011), but the reality of that time hasn't dramatically changed going forward (i.e. efficiencies, costs etc.)
https://slate.com/technology/2011/12/fracking-is-there-really-100-years-worth-of-natural-gas-beneath-the-united-states.html
With proven reserves of 12 years, is it wise to promise supply to the EU for an extended period...what happens when that runs out?...for them?...for us?...and as the Slate article mentions, the NG Industry at that time wanted to power all our Semi-Trucks with NG...that's a big investment in capital that needs assurance of ROI for many years to come.
A 'Prudent' planner would not bet the country's future on "Hope and a Prayer" that we'll have the resources we need for a very long time...not just for heat and power, but irreplaceable uses, like Plastics.
Link: https://www.worldometers.info/gas/us-natural-gas/
Ty are you married and have children? If so do they roll their eyes with your charts. Just
because some so called expert or university publishes something regarding fossil fuels predictions doesn’t make it true. Remember peak oil in the 1970’s did those people lose their jobs. Why are you so eager to believe everything published that supports your beliefs?
What if they are wrong. You seem so sure they are right. Why? Because it just might reveal your beliefs. Should we make public policies based on so called experts or people that are in the business. The world could not possibly use all the fossil fuels built over millennia but you won’t believe it. Why because you have a agenda. Do you ever consider you could be wrong?
You got what you wanted, no more Trump. Happy now!
(no message)
Trump or Biden have no impact on the economy. He gets no credit or blame. You think
that Trump created a great economy? No he didn’t. But he didn’t hamper companies from success in oil, distribution, manufacturing, etc. Biden is the opposite. We should be cutting deals with Europe on LNG. Instead the Middle East countries are making those deal. That is Biden. What Trump did was not stand in the way of our corporations. That was great. But he’s still an asshole.
So Trump helped the economy. You can dislike the man and like his policies
(no message)
I have been clear about that. He could have been a great president but he couldn’t change his nature
(no message)
but you constantly let your hatred for him cloud your judgement. You're better than that.
(no message)
Listen. Why can’t we have both. Do you have friends in your life that you agree with but
are assholes? I doubt you do. Trump had everything. He was President had a great cabinet but his ego fucked it all up. Why should I support that in my president. There are many conservatives that will move this country forward I will support. Why do you hang on to Trump? You got no one else?
It’s beyond Joe’s ability to fix it, but not to cause it.
(no message)
Joe is somewhere trying to balance his checking account. Unfortunately he has no clue.
(no message)
Or make it worse, which $500B-$1T in student loan forgiveness will.
Stupid things like that will eventually displace our country's ability to pay Social Security.
We should have been issuing 100 year bonds for the last decade.
(no message)