Go ahead, quit.

From CNBC:

4.3 million people quit their jobs in January as the Great Resignation shows no sign of slowing down

The pandemic-era phenomenon known as the Great Resignation remained a hallmark of the labor market in early 2022, according to federal data issued Wednesday.

Nearly 4.3 million people quit their jobs in January, a slight monthly decline but still near the record level set in November, the U.S. Department of Labor said. The elevated level in early 2022 comes off a year in which almost 48 million people quit their jobs, an annual record.

“The Great Resignation is still in full swing, even if quits are moderating somewhat,” Daniel Zhao, a senior economist at career site Glassdoor, said in a tweet.

Job resignations are still up 23% above prepandemic levels, he said.

The data suggests people aren’t quitting their jobs to exit the labor market and sit on the sidelines, economists said. Instead, the high level of resignation indicates a strong job market for workers with ample opportunities, they said.

There were almost 11.3 million job openings in January, just shy of December’s record, according to the Labor Department.

The high labor demand is pushing employers to pay higher wages as they compete to attract talent, and that higher pay is luring workers away from their current jobs.

This entry was posted in Economics, Employment, National Real Estate. Bookmark the permalink.

220 Responses to Go ahead, quit.

  1. Phoenix says:

    First

  2. dentss dunnihan says:

    First

  3. Phoenix says:

    The American Middle class:

    “As inflation heats up, 64% of Americans are now living paycheck to paycheck”

  4. Fast Eddie says:

    Why are we going to Iran, Saudi Arabia and Venezuela, begging for oil, like a bunch of puss1es when we have more than adequate supply in the U.S.? Why? Why are we begging the same countries that stone women and throw g.ays from rooftops. What about human rights? Doesn’t apply here? Does this dunce in the White House really have no balls or really doesn’t care? Where’s our pride? Why isn’t this question being asked on a daily basis?

  5. dentss dunnigan says:

    https://www.caranddriver.com/…/study-electric-cars…/…
    You will get a kick outa this one !

  6. Fast Eddie says:

    And why isn’t anyone asking this administration: a) How will the grid accommodate the required load to charge millions of vehicles and devices on a daily basis; b) Where will middle class families get the money to buy a $55,000 vehicle and c) What is the cost to the average family per year to charge the vehicle? This is on top of the raking the earth will encounter to build and replenish cells that will power the vehicles.

  7. grim says:

    America can’t even build a windmill off the coast without uproar about destroying the “view”.

    We’re lost. God help us if there were ever a war on our soil, we wouldn’t be Ukraine, for sure.

  8. grim says:

    No worries, we’ll all drive the new VW electric microbus – it’s only like $60k.

  9. 3b says:

    Juice: Have some St Paddy’s function early in the Bronx on Sunday, and then later in the day we will head back to Tommy Fox’s, as it’s closer to home. Happy he made it through the pandemic.

  10. Fast Eddie says:

    Why does this administration constantly let our adversaries know what we’re thinking and why do they air their dirty laundry in public? If I need to explain than it just confirms you voted for the wrong candidate.

    And why doesn’t this brain-dead, old fuck just come out and say we need to supply ourselves with oil for now while exploring green alternatives for the future? We’re in a war and this mor0n is sucking Iran’s and Venezuela’s c0ck.

  11. 3b says:

    2 Refugees every 3 seconds crossing into Poland, they can’t keep up with the surge. Population in Poland rising for the first time in decades.

  12. 3b says:

    Fast: I agree. Supply our own oil while simultaneously developing real alternatives, and when they are up and ready get rid of oil. It just makes sense. Republicans will hit the Democrats hard with this in 2024.

  13. grim says:

    Ukraine is facing some significant brain drain. There are lots of incredibly talented folks there, who would go back home in an instant, but that might not be possible.

  14. 3b says:

    Grim: It’s amazing to see that people from all walks of life from taxi drivers ,playwrights ballet dancers, etc all joining civilian defense forces. As for the refugees in Poland, I would guess a lot of them may never go home.

  15. Bystander says:

    “Why does this administration constantly let our adversaries know what we’re thinking”

    They have faith in our military might..Dems are like Babe Ruth pointing out where they will knock Vlad out of the park..unlike Prez Orange Chaos who had no sane thoughts and lost respect from his generals like Mattis.

  16. Fast Eddie says:

    U.S. consumers paid more for a variety of goods and services in February compared to the prior month and year, with prices climbing across the economy amid lingering supply and demand imbalances.

    The Bureau of Labor Statistics’ Consumer Price Index (CPI) rose 7.9% in February compared to last year, marking the fastest annual jump since 1982. This took out January’s previous 40-year high rate of 7.5%, and matched consensus economist expectations, according to Bloomberg data.

    https://finance.yahoo.com/news/consumer-price-index-cpi-inflation-february-2022-203614415.html

    Quick! Let’s focus the narrative on DEI! Or better yet, erect1ons people had on January 6th!

  17. BRT says:

    They have faith in our military might.

    Their memory is short. It was only last year where they were begging the taliban to not invade an airport while we tried to evacuate half the people we were supposed to. Our military leaders are political hacks and are not ready for a real war.

  18. BRT says:

    Oil, natural gas, nuclear. Get it done. Solar will get better and cleaner over time (yes solar is very dirty).

  19. No One says:

    grim,
    Have you haven’t been hanging out with rednecks and MMA fighters, motorcycle gangs, reservists and NRA folks? People who think wrestling is real? I’m not one of them but I grew up around them, and they’d fight at home. Of course the H1B and the Princeton Pussy Hat crowd won’t be fighting invasions. They’ll be trying to suck up and get into the good graces of who they think will be their new overlords.
    This guy is an example of the former:
    https://www.lowkickmma.com/bryce-mitchell-joe-biden-rant-goes-viral/

  20. Bystander says:

    BRT,

    Another bad deal with Taliban orchestrated by Dumpy

  21. Bystander says:

    But we gave rich ruling class (aka fictional producers) major tax breaks, bailout galore 2019-2020. Why are they f-ing Americans with no real raises yet again?

  22. BidenIsTheGOAT says:

    Eddie, Deeply compromised to begin with, he’s in the vegetable stage Eddie. Back in the basement hiding. He’s left the decision making to the woke, lobbyists and globalists. The country is fvcked, stumbling toward catastrophe. They aren’t going to going away to end the war because they aren’t looking.

  23. Chicago says:

    Haven’t you heard Psaki take questions? When reporters ask about supply chain she responds “so you have to wait a little longer to get your Peloton. “. This is the administration of the common man.

    Fast Eddie says:
    March 10, 2022 at 6:53 am
    And why isn’t anyone asking this administration: a) How will the grid accommodate the required load to charge millions of vehicles and devices on a daily basis; b) Where will middle class families get the money to buy a $55,000 vehicle and c) What is the cost to the average family per year to charge the vehicle? This is on top of the raking the earth will encounter to build and replenish cells that will power the vehicles.

  24. Chicago says:

    Joy Behar is doing a great job on her own

    grim says:
    March 10, 2022 at 7:00 am
    America can’t even build a windmill off the coast without uproar about destroying the “view”

  25. Juice Box says:

    The new wind farms going up in south Jersey will power about a million homes. We are not building it the Danish are, about 292 Wind Turbines 15 to 20 miles out in the ocean.

    Of course Jersey being Jersey the residents of Ocean City does not want the power lines coming into their beach or the wind farm even on the ocean. Plan is for the power to come onshore at the beach at 35th Street in Ocean City and the windfarm off the coast.

    look at these comments..

    “Go up to the boardwalk, and look out at the ocean,” said Nathan Brightbill, a meeting participant, who like many of those who spoke during a Zoom meeting did not give his hometown. “God created that. God doesn’t want us to put tons of stinking windmills out there. It’s immoral.”

    “These will be totally visible from our shoreline,” said Cathy Ingham. “If they were 50 miles offshore and not visible, it would be less of an impact. We the people should have had a vote on this project, and our vote would have been ‘no.’”

    The purpose of the hearing was to take public comment on the diversion of less than an acre of publicly owned recreational and open space land to bring the cable ashore in the southern part of the barrier island.

    But despite repeated pleas from meeting moderators to limit comments to that topic, few complied. Instead, many inveighed against the wind farm project, the offshore wind energy industry as a whole, and some questioned the reality or severity of climate change and sea level rise.

    Opponents raised concerns about potential effects from electromagnetic fields they suspect will be emitted from the cable, as well as what they consider to be the risks to birds, fish and other animals.

    And a recurring theme was the seeming futility of it all in the wake of New Jersey lawmakers enacting a measure last year stripping local communities of the ability to block power lines from offshore wind projects coming ashore in their towns.

    “This is being rammed through and imposed on residents without our buy-in,” said Robin Shaffer. “These are the basic elements of why ‘not-in-my-backyard’ exists.”

    “You’re coming in and taking land that belongs to the people of Ocean City, and doing what you want with it,” added Tony Butch. “It’s happening too fast, too quick.”

    Opponents who spoke at Monday night’s hearing far outnumbered supporters. But those who favor wind energy said it’s an important way to stop burning fossil fuel for energy.”

    https://www.nbcphiladelphia.com/news/national-international/changing-climate/emotions-buffet-nj-coastal-wind-project-in-peek-at-us-future/3169990/

  26. No One says:

    I’m in favor of sanctions and stuff against Russia. The fact that the UN has nothing to do with it proves (again) that it’s a worthless organization. I even heard that Ukrainians are asking for aid not to be sent via the UN because then their key locations would be leaked to Russia.

    But -has anyone seen major media talking heads ask Biden if his son’s richly paid position in Ukraine might have biased him and the US’ response? It’s surely an obvious one. Most presidents’ sons haven’t been hired on boards of foreign companies of industries that they know nothing about, after all. If T were president they’d surely be asking if his business interests had biased him toward Russia. Or they’d just declare that he was a Russian agent. Has anyone declared Biden a Ukrainian agent?

  27. Chicago says:

    It is 2022. You must be gender neutral. There. Fixed.

    Fast Eddie says:
    March 10, 2022 at 8:43 am
    We’re in a war and this mor0n is sucking Iran’s and Venezuela’s genitals.

  28. Chicago says:

    If I was fleeing Lviv and crossed into Poland, the first question I would ask is “where is The Spring located?”

    3b says:
    March 10, 2022 at 8:45 am
    2 Refugees every 3 seconds crossing into Poland, they can’t keep up with the surge. Population in Poland rising for the first time in decades

  29. Libturd says:

    “We’re lost. God help us if there were ever a war on our soil, we wouldn’t be Ukraine, for sure.”

    Poland should build a wall to keep those Ukranian rapists out and have the Ukraine pay for it.

    I’m sorry I came here today.

  30. Libturd says:

    I only have two questions about the VW Bus EV. What width mattress will it fit and is there a curtains option?

  31. Fast Eddie says:

    I just told my Director that I’m blaming every obstacle, mishap, issue, setback, blunder and pileup that happens on the people who left the company. There, another day of success according to my definition.

  32. 3b says:

    The U.N. has instructed it’s officials/employees not to use the term invasion when discussing Russia s invasion of Ukraine, don’t want to upset Russia.

    The U.N. serves no purpose. Close it and convert the building to condos.

  33. Juice Box says:

    And if you think the Northern Jersey Shore beach views will escape seeing Wind Farms think again the Empire Wind project for NY is planning on building them right off the Jersey Coast, 68 turbines to start with more to come. It will start 17 miles east of Sea Bright, New Jersey extending 22 miles south east, not quite NY waters for sure. This was a Cuomo project, they won’t be built off the Hamptons for sure. We should start a war over it, they purposely are using the waters off NJ for it not Long Island.

    https://www.nyserda.ny.gov/All-Programs/Offshore-Wind/Focus-Areas/NY-Offshore-Wind-Projects

  34. Bystander says:

    Even better Ed, make sh&t up about how terrible the place is, place is breaking down, people coming in are awful but you alone can fix it “first day” when you get promoted to director. Do this even when company is performing well then take all credit for “fixing” it. Be really belligerent and arrogant. Gullible people will buy it.

  35. Phoenix says:

    “We should start a war over it, they purposely are using the waters off NJ for it not Long Island.”

    I’ll contact the Chinese. I’m sure they will be willing to provide America with some great weapons in order to have a quality civil war.

  36. Phoenix haha edition says:

    You could start a team.

    Name them the New Jersey Insurgents.

  37. BidenIsTheGOAT says:

    Hunter was just following the playbook. Smash the existing government, move in the deep state operators, ngos etc, build a new alliance with everyone getting a piece of the pie.

    Of course it’s destabilizing and a lot of incidents get ground up but globalists aren’t known for empathy. Clinton’s just restarted their graft operation. They smell the opportunity.

  38. Juice Box says:

    Russian tanks retreating.

    “Moscow’s forces were said to be making rapid advances towards Brovary, a large eastern suburb of Kyiv, in what is believed to be the start of a bid to seize the city.

    But video taken from a Ukrainian drone shows the tanks bombarded with artillery in the devastating ambush and forced to turn back.

    An intercepted radio conversation appears to reveal the column took heavy losses, with the regimental commander killed.

    According to Ukraine’s defence ministry, the dead officer was Colonel Andrei Zakharov, the commander of a tank regiment.

    He was pictured being awarded the Order of Courage by Vladimir Putin himself in 2016.

    His death adds to the toll of Russian commanders killed during the invasion of Ukraine, which includes three generals, with the operation reportedly described as a “clusterf***” by one Kremlin insider.”

    https://www.the-sun.com/news/4863692/putin-tanks-destroyed-ukrainian-artillery-killed-commander/

  39. Fast Eddie says:

    Even better Ed, make sh&t up about how terrible the place is, place is breaking down, people coming in are awful but you alone can fix it “first day” when you get promoted to director.

    O’Biden made a lot of promises, fooled people into believing he had the experience and temperament to soothe the masses and steer the ship to progress. We’ve had failure at every turn… not a thing has gone right for this administration, to the point where his WH press secretary is beyond excuses and into snarky arrogance.

  40. No One says:

    Stagflation sucks. Your assets and savings shrink in value versus your expenses, in inflation adjusted terms. This could be the start of the unwind of central planners in central banks trying to prop up the economy through the wealth effect and rising government and household leverage to stimulate spending over the past 30 or so years.

  41. The Great Pumpkin says:

    Bad times, looks like FED going to go hard based on ECB. Easy money days are gone. Going to be hard to make money now. Stagflation indeed…

  42. Libturd says:

    New lower highs and new lower lows. Rinse and repeat.

    The cost of giving away five to ten thousand dollars per family to the 98% when less than 20% of them were adversely impacted by the pandemic sure has been costly. On the bright side, the forty percent of that 98% that chose not to participate in their employer’s retirement plan will only suffer the future hardship of inflation. The other sixty percent will get double-penetrated by both the huge dollar amount their 401k has lost, PLUS the loss in value that the remainder is worth due to inflation.

    Let the good times roll.

  43. Grim says:

    Sounds like Russia is going to nationalize all the foreign businesses in Russia and hand them over to the next generation of oligarchs to run – line up at the trough of Putin.

  44. Grim says:

    Burger King Tsar

  45. Grim says:

    Tsarbucks

  46. Grim says:

    I can do this all day.

  47. Libturd says:

    Stagflation includes a high unemployment rate. Not seeing it. Yet.

  48. Libturd says:

    Rubles Tuesday.

  49. Libturd says:

    Babooshka’s Furniture. This is fun.

  50. Bystander says:

    But she is hot, eh Ed? Probably has pink rosy ones..

  51. Bystander says:

    Trump Tower..oops no change there.

  52. Juice Box says:

    KFC – Kremlin Fried Chicken

  53. Libturd says:

    KGB Chicken

    Barnes & Chernobyl

    Putin’ Donuts (alright, that’s a stretch).

    Back to work for me.

  54. Juice Box says:

    Papa John’s = Papa Ivan’s

    Coca-Cola = Comrade Cola

  55. Juice Box says:

    Dankin Donuts

    данкин = dankin = dunkin

  56. Fast Eddie says:

    But she is hot, eh Ed? Probably has pink rosy ones..

    Lol. Indeed. I have a thing for fair complexion. :)

  57. Fast Eddie says:

    Dacha Depot

  58. Juice Box says:

    dankin donuts (that is the actual translated work dunkin)

  59. Libturd says:

    Nothing on Tina Peters SGC? Goat?

    https://ground.news/article/colorado-elections-clerk-indicted-in-voting-system-breach_46588f?utm_source=Tangle&utm_medium=Partner

    Was the election stolen? Or did you get caught trying to steal it yourself? Oh the hypocrisy, as usual.

  60. Fastidious Eddie says:

    Oh G0d… sigh… I was hoping she would cop a win. Ugh…

    https://twitter.com/mVespa1/status/1501905934846726147

  61. 3b says:

    Pizza Dacha.

  62. Nomad says:

    Regarding oil, I did not realize 90% of the fracked stuff is exported.

    Traditional oil wells take a year from time drilling begin to produce oil. Apparently shortages of labor, the steel pipe used in drilling etc makes the process more difficult. Rigs need power and in some cases, when the power sources at the drill sites go down, it can be many months to find replacement parts or new power sources. Oil companies making more money than ever. New wells and additional supply reduce near term profitability. Plenty of site leases and permits in place but not much drilling activity on these sites, why?

    Electric cars are still new tech. Is it possible there is a breakthrough in battery tech that allows for big energy density improvement, cost reductions and materials and manufacturing not as harmful to environment? Same question pertaining to grid in terms of ease of upgrading (breakthrough tech) as well as improvement of electric generation to include alternate methods.

    Have heard auto mfg did not want to go EV route as they felt there were better options. Not sure if true.

    Lib, Chase Freedom Unlimited looks pretty good.

  63. BRT says:

    Plenty of site leases and permits in place but not much drilling activity on these sites, why?

    No one is going to invest the time, energy, and money into a business that half of the federal government has stated they want to bankrupt. Liz Warren’s latest solution is a windfall profits tax on oil. I’m sure that would get more out of the ground.

  64. SmallGovConservative says:

    Libturd says:
    March 10, 2022 at 12:11 pm
    “Nothing on Tina Peters…”

    Not familiar with details, but will read on commute home from NYC. More importantly, and despite Dem stone-walling, it appears the Special Counsel in Wisconsin has been able to confirm and document some of the fraud that occurred in the 2020 sham election — just the tip of the iceberg.

    Wisconsin Special Counsel Finds ‘Widespread Election Fraud’ In 2020 Nursing Homes – https://thefederalist.com/2022/03/03/wisconsin-special-counsel-finds-widespread-election-fraud-in-2020-nursing-homes/

  65. BidenIsTheGOAT says:

    Okay, I’ll take the bait. It doesn’t look to be related to the 2020 election at all.

    But one thing about that has been confirmed. Election laws are way to loose and too easily abused. What’s happening in 100% one party districts with no one watching?

  66. BidenIsTheGOAT says:

    History trivia question without cheating…

    What is the origin of the word tsar? Hint: same origin as the word Kaiser.

  67. SmallGovConservative says:

    Nomad says:
    March 10, 2022 at 12:42 pm
    “Plenty of site leases and permits in place but not much drilling activity on these sites, why?”

    Whenever you see something that makes no sense, look no further that the Dems and their radical leftist supporters. When you have a party that’s publicly committed to destroying the energy sector, why would you expect anyone to invest? Here are a couple of examples that help explain why we’re no longer energy-independent — and why OPEC/Vlad love SlowJoe.

    Joe Biden’s Treasury Nominee Slammed for Saying Bankrupt Energy Firms Help Climate – https://www.newsweek.com/joe-biden-treasury-saule-omarova-comptroller-banks-energy-bankrupt-climate-change-1647941

    U.S., Canada among 20 countries to commit to stop financing fossil fuels abroad – https://www.reuters.com/business/cop/19-countries-plan-cop26-deal-end-financing-fossil-fuels-abroad-sources-2021-11-03/

  68. The Great Pumpkin says:

    You guys need to stop blaming the govt for the current oil issue. That’s weak. It’s the market, wake up. Nomad presented it to you. They are not drilling, but let’s blame the democrats. As if Biden wouldn’t love for lower gas right now. Understand the market. Understand the players got control of the market supply again to be in their favor.

    At the end of the day, gas prices aren’t high because we don’t have enough oil, but because they refuse to oversupply the market to lower prices. Simple as that.

  69. Juice Box says:

    re: trivia – Considering in that part of the world the Russians, Germans etc were busy barking in caves for many centuries long long before the slavic languages even existed, the root has to be related somewhat to greek and later latin words for king or emperor. Only one I can think of without cheating would be Caesar in Latin and whatever even older Greek word is for King. Since I speak neither language I have no idea what that could be.

  70. Juice Box says:

    Pumps – re: “the market”

    If Russia’s 5 million barrels per day of oil exports are taken off the market there is no way no how any of the other producers can make up for it anytime soon, the price will zoom much higher. Anyone thinking oil demand is going to go down soon too has not been paying attention. What is now 100 million barrels a day of worldwide oil consumption is expected to be 105 million barrels a day in just a few short years. Demand has been growing about 10 million barrels a day every decade as the 3rd world modernizes and well everyone gets rid of the bicycle and purchases a car.

    The future holds that it will be buses, bicycles and mopeds for anyone that cannot afford to pay. The big producers love these high prices it’s like 90% profit now, they don’t have to run deficits or answer the phone call when the president of the United States rings. How is that for a big FU pay ME?

  71. BidenIsTheGOAT says:

    Caesar is correct.

  72. Nomad says:

    Kuppy interviews an oil analyst named Josh Young. Speed it up, they talk slow.

    https://www.youtube.com/watch?v=GAkupcU1G7I

    Video yesterday from Art Berman, geologist focused on oil.

    https://www.youtube.com/watch?v=kTEMGCixF5c

    Arts twitter has a lot of interesting info too.

  73. Juice Box says:

    Humm where is my prize? I cheated just now for Greek, “Basileus” I guess that means the same as “Caesar” in Latin.

  74. Libturd says:

    Maybe Pumps IS a teacher? Or a meter maid, financial analyst, pool boy, etc.

  75. Juice Box says:

    Juicy Smolette’s lawyer is arguing that he had a non-prosecution agreement, aka Cosby Defeence at his sentencing hearing just now. He could walk..

  76. BidenIsTheGOAT says:

    Its gotta stop juice. These things have a way of taking unexpected turns.

    Who knew the assassination of Ferdinand would produce a forty year war. Every day it continues the risk goes higher.

    What happens when a famine or stock market crash. Who will be scapegoated. Now we’re funding Marxists in our backyard.

    What happened to the pascifists in this country. You don’t hear anyone saying to end the war.

  77. The Great Pumpkin says:

    Juice,

    I have to go look it up, but oil demand peaked a while ago. Maybe I’m wrong. Also, Russia is like 5% for the market I heard. Again, I can be wrong, and have to look it up.

    I think it’s a joke to blame govt for current price of oil. It’s run by the private sector in this country. Oil is not a nationalized industry.

  78. No One says:

    Fast Eddie, now I think it was the prostitute Ros played by Esme Bianco that drew you in to watch Game of Thrones. You would have treated her much better than Marilyn Manson did.

  79. No One says:

    Listen Punkin,
    “Better to remain silent and be thought a fool than to speak and to remove all doubt. — ABRAHAM LINCOLN”
    The government can influence the supply and price of oil, even without directly controlling it.
    They can use permitting and environmental departments to make it harder to drill in many places.
    They can threaten to create a gas tax or a carbon tax that would reduce future demand for oil and thus lead companies to cut their investments for the future.
    They can tell all of their government pension fund managers to vote in favor of “ESG” resolutions to the Board of Directors telling them that they have to get out of the oil business by some date in the future, which then in turn leads those companies to do less exploration and drilling.
    They can threaten to ban internal combustion engines in places, to tax them more than other cars, and to create some goal about getting rid of internal combustion engines in the future, which would lead oil companies to reduce their exploration and development.
    They can threaten to change the taxation of energy companies to make investing in future capacity less attractive.
    They can talk about massively subsidizing substitutes for oil in the future, which makes companies less eager to explore and develop capacity.
    They can pay people to stay home, so fewer people might not want to go to work in an oilfield.
    They can pass laws to block cheaper transportation of oil, like pipelines, causing it to flow on more costly and slower alternatives, like rail tankers.

  80. Fast Eddie says:

    No One,

    I had to search on that actress as I couldn’t picture her. Oh yes, indeed! But I think it was Carice Van Houten who ultimately slayed me. Damn, it’s not fair! lol!

  81. The Great Pumpkin says:

    Go listen to nomad. They have a ton of permits but refuse to drill. Go cry to them, instead of blaming govt.

    “They can use permitting and environmental departments to make it harder to drill in many places.”

  82. The Great Pumpkin says:

    At the end of the day, we are in the current mess because they shut down the economy, and then accelerated demand before supply could handle it. They f’ed up big time. Should have let the supply chain recover before they unleashed stimulus demand on the economy.

  83. Ex says:

    Well, I’m sure I’ll be working for a while.
    Kiddo just got into a top notch private school.
    Cha-Ching!

  84. Nomad says:

    Small,

    I get your point but would ask if pre-pandemic were wells being drilled? If yes, then why now are they not:
    1- if as you stated, then oil companies simply going to get out of the ground what they can and then close up shop so no more Capex and ride into the sunset
    2- they simply want to keep prices high and max out revenue while keeping expenses low and if they get behind the 8-ball on extractable oil due to a well dearth then for a time, while unit volume drops price would skyrocket even higher
    3 – other reasons?

    This isn’t meant to be directed at you but it seems in our polarized politics we the people like to excoriate the other side as the reason for every ill which in some cases may be correct but in many case, at least in my opinion, it is to whip us all up into a frenzy of faux arguments while our elected officials or companies can get away with something they don’t want the populace to have a clear understanding of.

  85. 3b says:

    Nomad: Well said. Keep the people at each other’s throats .

  86. OC1 says:

    The US does not have a lot of spare oil production capacity- there aren’t a bunch of idle wells sitting around waiting for someone to turn on the pumps. New wells have to be drilled, and that takes time. You have to get financing, then hire people (with highly specialized skills) to drill them. You need to get stuff like drill pipe and frac sand (which may be in short supply- so those industries need to find and hire). Then after you drill, the oil has to be shipped and refined…

    No matter what the US gov does, at best it would be many months before significant new US oil hits the market.

    In the short run we have to look elsewhere, and that probably means making deals with govs we don’t like.

  87. Libturd says:

    Agreed.

  88. leftwing says:

    First day in I don’t know how long the portfolio hasn’t moved +/-2%.

    Sometimes the same day lol.

  89. Ex says:

    She’s pledging a sorority when she gets there:

    https://oaksterdamuniversity.com/

  90. chicagofinance says:

    Pure money

    Libturd says:
    March 10, 2022 at 11:50 am
    Barnes & Chernobyl

  91. chicagofinance says:

    I have a bottle of Pepsi from Moscow in 1986. On the trip we called in Nench, just as all restaurants we called Pectopah.

    If you look at those words in Cyrillic characters, it makes sense.

    Pepsi = пепси
    Restaurant = ресторан

  92. 3b says:

    With Putin s fear and paranoia, and what appears to be unstable behavior reminds me of Stalin.

  93. No One says:

    “The Death of Stalin” is a great dark comedy movie. Worth watching.

  94. BRT says:

    Name one thing the Biden admin has done to positively impact oil production now or in the future. You got nothing. There are plenty of actions to the contrary. If they at least tried to do good here, I’d give them the benefit of the doubt on oil price.

    Again, the bee was well ahead of their time with satire turned reality with this gem over a year ago.

    https://babylonbee.com/news/biden-announces-ambitious-goal-of-100-per-gallon-gas-by-end-of-first-100-days-in-office

    WASHINGTON, D.C.—In spite of Democrats’ best efforts to curb the use of fossil fuels, stubborn Americans continue to use them to power their automobiles and heat their homes. Biden is responding to this crisis with an ambitious new plan to raise the price of gas to $100 per gallon by the end of his first 100 days in office.

    “Listen– all these fossil fuels, they gotta stop! Gotta stop!” Biden said to the Secret Service agent pumping gas into his presidential limo. “We gotta do something about these selfish Americans and one-horse kangaroo herders burning all these fuels without consequences. I know consequences. Just ask Corn Pop and his buddies. When I’m done with ’em, these Americans will never burn a gallon of gas again, Jack!”

    The administration has announced the “Gas Prices To The Mooooon” campaign– a series of executive orders designed to drive the price of fuel up to make it unattainable to anyone except John Kerry.

    When confronted with the question of how Americans will afford to get around with $100-per-gallon gas, House Speaker Nancy Pelosi suggested they stay home and eat some ice cream instead.

    Currently, the average price stands at $2.53 per gallon and rising, which experts say is likely Trump’s fault.

  95. BRT says:

    rofl

    ‘Let Them Drive Teslas!’ Says Pete Buttigieg Clad In Elaborate 18th-Century Royal Gown

    https://babylonbee.com/news/let-them-use-batteries-says-pete-buttigieg-clad-in-elaborate-18th-century-royal-gown

  96. Hold my beer says:

    BRT

    I thought that was real until I saw what site it was

  97. The Great Pumpkin says:

    “We’ve got a good strong economy with an excellent outlook for the labor market and real activity going forward. Inflation is a problem, and it’s one that we need to address, but I don’t expect a recession in the United States,” the Treasury secretary said.

    https://www.bloomberg.com/news/articles/2022-03-10/yellen-sees-uncomfortably-high-2022-inflation-but-no-recession

  98. The Great Pumpkin says:

    Clown lost it all.

    grim says:
    March 10, 2022 at 5:19 pm
    Lol – he should have sent them into Ukraine to go fight.

    https://nypost.com/2022/03/10/fuming-putin-fires-generals-over-ukraine-invasion-losses/

  99. The Great Pumpkin says:

    Gaming wall st…check it out if you have hbo streaming service.

  100. 3b says:

    Saw Harris s performance in Poland . She is an embarrassment to herself and the country. But some say it’s just Harris deranged syndrome.

  101. Ex says:

    6:45am How does it feel to be “functionally” retarded???

  102. Ex says:

    Some of you f-ckers need a hobby or a more challenging job.

  103. The Great Pumpkin says:

    Ex,

    Congrats! What school? You did well my friend.

  104. The Great Pumpkin says:

    Hope your girl realizes she lived in the best of both worlds…nyc metro suburb, and cali coast. Priceless.

  105. chicagofinance says:

    West Virginia University?

    Ex says:
    March 10, 2022 at 3:36 pm
    Well, I’m sure I’ll be working for a while.
    Kiddo just got into a top notch private school.
    Cha-Ching!

  106. Ex says:

    8:41 she’s staying in CA.

  107. No One says:

    Pepperdine or USC?

  108. grim says:

    Loved my short time at UCSD. What a beautiful place.

  109. Juice Box says:

    Just when you thought we would be back to a time where only bank robbers wore masks! One more month!

    “Passengers on public transportation will have to continue wearing masks at least until April 18. The Transportation Security Administration extended Thursday its security directive for mask use, which had been set to expire on March 18.

    The extension comes at the recommendation of the Centers for Disease Control and Prevention, according to an administration official, which will help government agencies with a framework to revise their policies regarding mask requirements on public transportation and in transportation hubs.

    The revised framework “will be based on the COVID-19 community levels, risk of new variants, national data, and the latest science,” the official said.”

    https://www.cbsnews.com/news/tsa-masks-public-transportation-until-april-18/

  110. leftwing says:

    It’s why you don’t cede your freedoms to incompetent, unelected fools.

    Or elected ones, for that matter.

  111. The Great Pumpkin says:

    Yup, absolutely beautiful. Love SD in general.

    Up north, Stanford is awesome. That town reminds me of a Ridgewood on the west coast.

    grim says:
    March 11, 2022 at 6:04 am
    Loved my short time at UCSD. What a beautiful place.

  112. Libturd says:

    UCSD – Pushing my son to go there too. We’ll be in Las Vegas and Costa Rica then, so it’s a much quicker ride home to visit. Not a bad place to start your career as well.

  113. Juice Box says:

    Power of social media, Facebook & Instagram join the war.

    “allowed to use language targeting Russians”

    DEATH TO PUTIN etc will be allowed etc.

    “Facebook and Instagram have loosened some hate speech restrictions as a result of Russia’s invasion of Ukraine, parent company Meta said Thursday.

    Driving the news: “[W]e have temporarily made allowances for forms of political expression that would normally violate our rules like violent speech such as ‘death to the Russian invaders,'” a Meta spokesperson said in a statement. “We still won’t allow credible calls for violence against Russian civilians.”

    Details: The policy change will allow users in Armenia, Azerbaijan, Estonia, Georgia, Hungary, Latvia, Lithuania, Poland, Romania, Russia, Slovakia and Ukraine to issue calls for violence against Russian soldiers, Reuters first reported Thursday.

    Users in those regions will also be allowed to use language targeting Russians in posts that clearly denote the context of the invasion.
    Calls for the deaths of Russian President Vladimir Putin or Belarusian President Aleksandr Lukashenko will be permitted unless the posts include other targets or two indicators of credibility, such as location, according to internal emails obtained by Reuters.
    The big picture: Russia blocked Facebook entirely last week and has made similar crackdowns on other Western tech companies.

    Several social media platforms, including Meta, Google and Twitter, have announced restrictions on Russian state media accounts.
    What they’re saying: “We demand that 🇺🇸 authorities stop the extremist activities of @Meta,” the Russian Embassy in D.C. tweeted late Thursday.”

  114. leftwing says:

    “Up north, Stanford is awesome. That town reminds me of a Ridgewood on the west coast.”

    LOLOLOLOL. LOLOL.

    OMFUG, I just can’t let this one go by without comment….so, seriously, you just compared Stanford/Palo Alto to Ridgewood NJ?

    JFC, get out more, dude. Thanks for the laugh though. Christ, I nearly busted an artery.

  115. leftwing says:

    UCSD, have a good friend whose son is there now. Loves it, and he was a bit hesitant to head out there at first. Torrey Pines/La Jolla is wonderful.

    “Power of social media, Facebook & Instagram join the war.”

    So we have just now agreed that three or four people on the planet can parse worldwide dialogue according to their own whims?

  116. The Great Pumpkin says:

    Left,

    I thought it was a valid comparison. Guess not. Have you been there?

  117. leftwing says:

    Palo Alto, yeah, more than a little bit lol.

    Ridgewood, once or twice.

    Think that’s about the right ratio.

  118. The Great Pumpkin says:

    You are obnoxious. You just hate NJ. No idea why you live here. Go join the old trumpers in florida already.

  119. Ex says:

    Still waiting to hear from SD. She got into Chapman U which apparently has a very good program (communications) and theater.

  120. Grim says:

    As I understand it, the faculty at UCSD is the 60s and 70s build and still own a good amount of the residential real estate around ucsd.

    Some of those homes near the cliffs are worth millions. Those professors got the best pensions in teaching history.

  121. The Great Pumpkin says:

    Lmao

    “Nothing says “Own the Libs” quite like driving around in circles in great big giant trucks while complaining about the price of gas.”

  122. Ex says:

    SD is a great town and does call into question issues of “liberal” governance. It’s spotless town and a “Navy” town. You’ll see no insane people wandering the streets after exiting their roadside tent-bungalows.

  123. Ex says:

    9:36 anyone really who got here early and owns real estate is in the catbird seat. If you bought in the 80s….90’s, you are set. Folks were paying $150k for things worth a million today.

  124. Juice Box says:

    Ridgewood is really such a great private research university town.

  125. leftwing says:

    “You are obnoxious. You just hate NJ. No idea why you live here.”

    And you may ask yourself why your entire self-perception and feelings of worth are anchored to some anonymous, drive through, commercial ‘suburb’ in a State that has been the national butt of the joke for decades and whose own residents spend the better part of their adult lives plotting how to leave as soon as possible.

    Anyway, in fact I’m out baby. Will take the summer at a family lake house and then….

    But, as always, you are oh-so-right…

    Ridgewood > Palo Alto.

    LOL.

  126. The Great Pumpkin says:

    I said that Palo Alto reminded me of Ridgewood. They both have a similar downtown and housing stock. Palo Alto is not a college town.

    It’s truly amazing that you piss on Ridgewood like it’s not a beautiful town to live in. Get over yourself. And don’t let the door hit you on the way out.

  127. joyce says:

    I think San Diego is a beautiful city and always enjoyed visiting. That said, unless the homeless population vanished in the last two years, they are definitely out there.

    Ex says:
    March 11, 2022 at 9:49 am
    SD is a great town and does call into question issues of “liberal” governance. It’s spotless town and a “Navy” town. You’ll see no insane people wandering the streets after exiting their roadside tent-bungalows.

  128. grim says:

    Palo Alto is crazy unassuming. It’s one of those places where you have no idea of someone’s wealth. Maybe not though, because everyone’s rich as fck.

    I was at UCSD during the dot com boom. I remember walking into the Ferrari dealership in La Jolla with one of my professors. Let me tell you, we were dressed like surfer bums, and got treated like god damned royalty. Cappuccinos – they let me sit in the Formula 1 car. Was the dot com boom, two nerds walked in, were you going to take the chance?

  129. Trick says:

    Jr got into penn and jmu. After a breif visit this summer he is leaning jmu. Going to look at both schools at the end of the month

  130. walking says:

    Congrats Trick. I have one in college and a couple starting up over the next few years.
    JMU is a bit of a ride from Jersey , where as penn state can be done driving back and forth in a day. Just something to think about.

  131. Libturd, Booyah says:

    TSLA 800.02

    D’oh!

  132. Fast Eddie says:

    Gee, the covid discussion fell off the map real quick now, didn’t it?

  133. SmallGovConservative says:

    Ex says:
    March 10, 2022 at 3:36 pm
    “Kiddo just got into a top notch private school.”

    Not sure what’s more disconcerting, the fact that Punkin is a teacher or Ex is a parent.

    Take it easy, just a joke… Congratulations to your daughter on her acceptance.

  134. SmallGovConservative says:

    Nomad says:
    March 10, 2022 at 3:44 pm
    “… it seems in our polarized politics we the people like to excoriate the other side as the reason for every ill which in some cases may be correct but in many cases…it is to whip us all up into a frenzy of faux arguments…”

    When I refer to the Dems being the cause of a specific problem — such as why there are so many un-tapped oil and gas leases and why we find ourselves once again dependent on OPEC/Russia — it’s not to whip up a frenzy, but to point out that governance matters, that the modern Dem party is literally incapable of providing good governance, and that most of the major issues that we face are the result of bad Dem policies. Someone already pointed out the many ways in which the Dem party and their radical climate mob allies (in this particular case) have made clear their antipathy towards energy companies. That has consequences, and you’re seeing them manifest in under-investment in energy exploration and production. The answer to why we now have an energy problem is the same as to why NYC now has a crime problem — Democrat policies!

  135. Fast Eddie says:

    The answer to why we now have an energy problem is the same as to why NYC now has a crime problem — Democrat policies!

    Add anything to do with DEI as well.

  136. The Great Pumpkin says:

    Imagine being mad at progress and innovation. Change too tough for you?

    The answer to becoming energy efficient, is to get the hell off fossil fuels. The faster, the better. Or you can make excuses and cry about how difficult and expensive it is to change.

    “Someone already pointed out the many ways in which the Dem party and their radical climate mob allies (in this particular case) have made clear their antipathy towards energy companies. That has consequences, and you’re seeing them manifest in under-investment in energy exploration and production.”

  137. leftwing says:

    “Someone already pointed out the many ways in which the Dem party and their radical climate mob allies (in this particular case) have made clear their antipathy towards energy companies. That has consequences…”

    You mean like Warren’s bill introduced this week to add a windfall tax on oil profits?

    Yeah, that will certainly entice executives doing the ROI to move forward, open additional wells, and provide some relief….

    https://www.bloomberg.com/news/articles/2022-03-09/warren-targets-oil-companies-with-plan-to-tax-windfall-profits

  138. BRT says:

    Imagine being mad at progress and innovation. Change too tough for you?

    When change involves rolling blackouts, yes.

  139. The Great Pumpkin says:

    BRT,

    It’s not going to be easy, but it is the way to a sustainable future.

  140. No One says:

    Left,
    You’re probably thinking of my post. Yes I posted a short list of the many things that statists do to suggest that they would like the entire non-green energy industry in the US to collapse and disappear, and then they pretend to be surprised when those energy companies haven’t invested the hundreds of billions required to make cheap energy available when they snap their fingers and say, changed our mind, we want more and cheaper oil and coal after all, because it turns out their voters don’t like greenflation.
    Then they stamp their feet and blame energy companies for being “greedy”.

  141. The Great Pumpkin says:

    No one,

    Cheap energy is optional if you are selfish. If you actually care about the future and not yourself, you do what you have to do to make life sustainable for the future of our species. Sorry, if we continue to use a finite resource for our energy needs, it will only become more and more expensive as the supply dwindles.

    What exactly is cheap about oil right now, esp when you combine the damage it does to our planet? Do you include that cost in your assessment that oil is cheap energy?

  142. Nomad says:

    Chi,

    Axios had a blurb this am saying what you said the other day about the drop in bank stocks.

    Any thoughts on Luke Groman and the quality of his work?

    Groman’s Most recent tweets:

    Fiat currency is backed by debt
    Debt is backed by energy
    We just removed one of the biggest energy “jenga blocks” underpinning the entire “debt tower”

    Where markets are today is akin to where we are in “Jaws” before the audience finally sees the shark.

    We are likely weeks (at most) from “seeing the shark”. I have HIGH conviction this will be the reaction, with “You’re” = “The Fed” and “boat” = “balance sheet.”

  143. PumpkinFace says:

    So today we care about future generations? Before it was ‘i got mine’ and ‘it is what it is’

    Adjust your medication.

    The Great Pumpkin says:
    March 11, 2022 at 2:25 pm
    No one,

    Cheap energy is optional if you are selfish. If you actually care about the future and not yourself, you do what you have to do to make life sustainable for the future of our species. Sorry, if we continue to use a finite resource for our energy needs, it will only become more and more expensive as the supply dwindles.

    What exactly is cheap about oil right now, esp when you combine the damage it does to our planet? Do you include that cost in your assessment that oil is cheap energy?

  144. No One says:

    Great, Pumpkin then tell Biden and friends to be honest and go tell that to voters, that the high cost of energy is a feature, not a bug, and that everything is going in line with the green plan and that the high costs of energy and blackouts are good for them and their children, it’s prodding them through their demand curves to become energy efficient, and that poor people should get used to feeling like they are living in a third world country, if they cannot or will not buy new $50k+ EVs and $100k solar roofing & battery storage systems that they recommend for a “green energy transition”.

  145. Nomad says:

    Small, ansolutely no doubt NYC was much better from a safety and economic perspective when MB and RG ran it. In the state I am from the same issues exist in the major city from years of the Dem machine.

    The problem is parties much of the time cater to their base, D or R and their is plenty of BS to go around and too much to keep track of for scoring purposes.

    An academic exercise but if big oil were to allocate percentages to which factors have stopped them from drilling from say 3-1-21 to present, do you beleive D policies are at the top of the list? I would agree they are part of the reason but I have no idea how much and I assume given their long time horizons for planning they factor in changes to executive and legislative leadership to their decision making.

    Not sure where you fall on climate change but look at the number of inhabitants are on earth today vs 50 years ago. Nitrogen was one of the ways to boost food production to keep up with population growth. Its use impacts the environment, streams and lakes. For the record, I am not sure EVs are the answer but GM and Ford seem like they are betting the farm pn them aslong w others.

    Until we have campaign finance reform, term limits and an end to dark money, pacs etc its politics as usual.

    BTW, when is the last time you saw a pol present a powerpoint deck to constituents with supporting excel data to further explain an issue along with plans to address? I havent seen one either.

  146. The Great Pumpkin says:

    How much were computers when they first came out? Should we have abandoned that tech because it was too expensive when new? For a man of logic, you are biased and full of sh!t when it comes to this renewable energy issue.

    No One says:
    March 11, 2022 at 3:00 pm
    Great, Pumpkin then tell Biden and friends to be honest and go tell that to voters, that the high cost of energy is a feature, not a bug, and that everything is going in line with the green plan and that the high costs of energy and blackouts are good for them and their children, it’s prodding them through their demand curves to become energy efficient, and that poor people should get used to feeling like they are living in a third world country, if they cannot or will not buy new $50k+ EVs and $100k solar roofing & battery storage systems that they recommend for a “green energy transition”.

  147. The Great Pumpkin says:

    No one, you are prob invested hard in oil and other old forms of energy. So it’s understandable that you are so against the new sources of energy that are trying to replace the old.

  148. The Great Pumpkin says:

    When you attack the individual, it usually means you already lost the debate.

    PumpkinFace says:
    March 11, 2022 at 2:58 pm
    So today we care about future generations? Before it was ‘i got mine’ and ‘it is what it is’

    Adjust your medication.

  149. Hold my beer says:

    Pumps

    Do you drive an ev and have solar panels on your roof? If not, why not?

  150. Juice Box says:

    Pumps – post at 10:25 AM

    Stanford University Is where now? Did it move?

    Perhaps it’s time for you to take some time off from here.

  151. The Great Pumpkin says:

    Juice,

    It’s not a university town in the traditional sense…

  152. The Great Pumpkin says:

    Hold,

    No, I do not, but I don’t sit here and try to hold back renewable energy movement with negative thoughts. Making excuses for why we can’t make it happen…

    I thought BRT and no one types were against excuses, but here we are…

  153. Juice Box says:

    Dude you are amazing, I have never seen anyone contort themselves like that, you just took your foot out of your mouth and stuck it in your ass. Please don’t go the other direction now.

  154. No One says:

    HMB,
    He doesn’t do that because he hates the children, that’s also why he got into teaching, inflicting his stupidity on students when he takes a break from inflicting his stupidity on us.

    If dumpy doesn’t use the gas that just leaves more for the Chinese and Indians. I don’t buy into his premise in the first place. This will probably turn out like the government’s anti-butter & meat, pro-margarine and pasta campaigns of the 80s. 30 years later, oh sorry, our official advice actually made you fat and die faster, but now we know that it’s margarine and global warming that’s going to kill you, so try to buy as much Chinese solar cells and batteries and soymilk as you can, quick.

  155. No One says:

    HMB,
    Translation from pumpkin to English- “I can drive my BMW as long as I have “positive thoughts” about green stuff.”

  156. The Great Pumpkin says:

    HUH? You lost me.

    Juice Box says:
    March 11, 2022 at 3:32 pm
    Dude you are amazing, I have never seen anyone contort themselves like that, you just took your foot out of your mouth and stuck it in your ass. Please don’t go the other direction now.

  157. Libturd says:

    Looking a lot like a second close below 13K on the nasty.

    TA says, a third close without a 50% retracement to recent peaks is Geronimo!

    https://photos.app.goo.gl/r3KSgkL6wn8Rz7d3A

  158. Libturd says:

    Left,

    Prof G had a pretty interesting blog entry today.

  159. Fast Eddie says:

    If you invested $20,000 in the NASDAQ the day slo joe was inaugurated, you’d have $18,470 today.

    Break back better.

  160. Libturd says:

    What you are seeing in the markets is not attributable to Biden alone. Chances are, when it’s over, the blame will go all the way back to W. It’s been all window dressing since then.

  161. No One says:

    Markets aren’t mostly directly related to the immediate presidents. You’ve got central bankers, bureaucracy, congress, and years of cumulative policy to blame.
    People generally over-attribute current conditions to presidents. But they can kind of set the tone for the economy and markets. And the tone is trying to serve hyperactive kids a lunch of stewed prunes and cottage cheese. And they’re spitting it out.

  162. Libturd says:

    Only wonks blame everything on the current or prior president. Sadly, it’s a waste of time as no one is being converted.

    We have reached the point where no one ever holds elected officials (or even most public sector workers) responsible for any of their reprehensible actions. One day you say you support something. The next day you say you never supported that same something. Yet we keep reelecting the same crooks over and over. Qualifications? Nah. Checkered pasts? Nah. As long as they swim with the school or run with the herd, they are forgivable. Heck. Even an insurrection is forgivable. What’s next? A successful coup?

  163. OC1 says:

    In the US, the breakeven oil price for a new well is about $50/barrel; less than that and you’re drilling at a loss.

    Oil was under $50/barrel for all of 2020 (and it wasn’t much higher that that for several years before). So the number of active rigs dropped by a lot.

    It’s only been a year since oil rose above $50/barrel, and only in the last 6 mos that prices have really risen to the point where new wells can make a real profit.

    Drilling is starting to increase- but it takes months and months to ramp up production.

    In the US, oil drilling activity (and production) follows the price of oil. End of story.

    Whatever Biden says about windmills or EVs has nothing to do with it.

  164. 3b says:

    Well , same old same old in here today!

  165. 3b says:

    Still don’t understand why EVs if we don’t have the power grid capacity? It makes absolutely no sense.

  166. Libturd says:

    Exactly.

    Down in Costa Rica, where all electric energy generated is renewable, it makes some sense. But that’s only if they figure out the inherent issues with the disposal of the heavy battery chemicals, the dangerous mining of them and the higher cost.

  167. BRT says:

    No, I do not, but I don’t sit here and try to hold back renewable energy movement with negative thoughts. Making excuses for why we can’t make it happen…

    I thought BRT and no one types were against excuses, but here we are…

    You want clean safe energy with actual production, nuclear is your best option. The wattage on a Wind/Solar farm is a joke. Not that you know what a Watt is.

  168. Fabius Maximus says:

    “When I refer to the Dems being the cause of a specific problem — such as why there are so many un-tapped oil and gas leases ”

    Small, how many of those leases were untapped through the last administration. You see you are the problem here. You are the one making this a partisan issue. Whats Joe actually done here. If he was blocking leases you may have a point, but as everyone can agree, the leases are out there, the oil companies are not using them. Leases are like KHOV sitting on unbuilt land. Nice to have it locked up for the rainy day you need it and you draw it down as and when you need it.

    Add in all this BS on Keystone XL and all you have are right wing talking points. Keystone will not go anywhere to providing energy independence. Its sole purpose is to shift Canadian Tar sands to a port where they can be exported for refining.

    Your ire should be pointed at the Oil companies and not the Administrations.

  169. Fabius Maximus says:

    Whatever Biden says about windmills or EVs has nothing on Donnie
    https://twitter.com/RonFilipkowski/status/1501733405423251456

  170. BRT says:

    If you invested $20,000 in the NASDAQ the day slo joe was inaugurated, you’d have $18,470 today.

    Break back better.

    It’s gonna be $16,500 in a month

  171. Fabius Maximus says:

    Looks like Vlad is looking for an exit strategy.

    https://twitter.com/MaximAlyukov/status/1502337993012658177
    Just watched Russia’s main political talk show with notorious propagandist Soloviev (Mar 9). Couldn’t believe my ears. Two hardcore pro-Putin guests – Shaknazarov and Bagdasarov – acknowledged the impact of sanctions, military failures, and called for an end to the invasion.

    1/ Many Russian elites are dissatisfied with the war. But these two could not say it spontaneously. This show is pre-recorded and carefully orchestrated. Which means that these discussions were approved and permitted.

    2/ Shaknazarov acknowledged that Ukrainian government has unified the country against Russia. Ukraine has well-trained military forged by 8 years of war in Donbas. There is no way to install pro-Russian government because nobody influential would agree to be in this role.

    3/ At the same time, sanctions are taking effect and can change public opinion in Russia. I can lead to protests, destabilisation, and regime change. Sanctions also lead to international isolation. The last allies of Russia – India and China – will leave Russia.

    4/ Russian army achieved its goals. Donbas is “liberated”. NATO only benefits from the protracted conflict. Shaknazarov called for an end to the “operation”.

    5/ Another notorious guest of the program Bagdasarov said that sanctions are likely to be lifted from Iran soon. Iran oil will replace Russian oil. Other countries, such as Kazakhstan, are likely to trade with the West, not Russia. It can lead to full International isolation.
    6/ The army destroyed the main Ukrainian forces and demoralised the government achieving its goal. Russia cannot “denazify” Ukraine. It should be done by Ukrainians themselves. Russia should make Ukraine neutral but it cannot risk new Afghanistan. Stop the invasion.

  172. The Great Pumpkin says:

    Juice,

    Are you saying palo alto is a college a town? No way, no how.

    I traveled the entire west coastline on the PCH from seattle to sd. I have been through the interior of cali also. When I arrived in Palo Alto, the first thought that went through my head is that this place is the Ridgewood of the West Coast. Same style town center/main st. Same style housing with tree lined streets. No other place on the west coast looks like palo alto.

    Saying Palo Alto is a college town is like calling Montclair a college town. When I think of college towns, I think of colleges like Penn St. That’s a true college town.

    Stanford campus is absolutely beautiful btw.

  173. Trick says:

    Ordered the Ford Lighting today, was not related to the current gas prices(but is a plus). With the limited number getting built, figured I could try it for a year and possibly flip it at a similar cost. I have an early electric Silverado reservation and may trade it in for that. See what happens.

  174. BRT says:

    I used to live near Ridgewood, obviously. I know the people are very wealthy there, but I never was blown away by the town. I go there every so often to visit my younger brother’s grave. He’s buried in the cemetery there along with three of my grandparents.

  175. The Great Pumpkin says:

    That’s the bottom line. It’s privately owned. If there is money to be made, they will grab it. I’ve said this in the past on this blog…oil was worthless and it bankrupted all the small drillers. No one in their right mind wanted to risk their money investing in drills.

    “In the US, oil drilling activity (and production) follows the price of oil. End of story.”

  176. The Great Pumpkin says:

    That’s the beauty of palo alto and ridgewood…old school money where you don’t build some giant 15,000 sq ft home, but everyone knows they are filthy rich. Just more reserved. Classic tree lined streets with a beautiful downtown.

    BRT says:
    March 11, 2022 at 5:51 pm
    I used to live near Ridgewood, obviously. I know the people are very wealthy there, but I never was blown away by the town. I go there every so often to visit my younger brother’s grave. He’s buried in the cemetery there along with three of my grandparents.

  177. Hold my beer says:

    I am thinking about the Ford Escape plug in hybrid. Saw it has a cvt transmission so I will wait a year or 2 and see how they hold up. Have had lousy experience with a pathfinder that has a cvt.

  178. Trick says:

    Rav4 prime would be a good car, just hard to find

  179. Hold my beer says:

    I’m also interested in the Hyundai Santa Fe and Kia Sorento hybrids.

  180. Hold my beer says:

    Trick

    All 3 cars I’m interested in are hard to find. Hoping supply chain issues have eased up by the fall.

  181. Trick says:

    Agreed, the lighting is a unicor at this point. Not sure how I was able to order it since my reservation was placed a month after they went live. On forums people who reserved it minutes after it opened didn’t get an invite to order. They shut down the 2022 orders

  182. Jim says:

    The Great Pumpkin says:
    March 11, 2022 at 5:55 pm
    That’s the beauty of palo alto and ridgewood…old school money where you don’t build some giant 15,000 sq ft home, but everyone knows they are filthy rich. reserved.

    My cousin’s son lives in Ridgewood , he is a policeman in Wayne.. so he doesn’t have old school money he has public worker money. He loves working in Wayne, says the people are great except there are some real a-holes there who think they are better than anyone else. He must know you pumpkin, you fit that description to a tee, no offense , just reality.

  183. Jim says:

    BRT says:
    March 11, 2022 at 5:51 pm
    I used to live near Ridgewood, obviously. I know the people are very wealthy there, but I never was blown away by the town. I go there every so often to visit my younger brother’s grave. He’s buried in the cemetery there along with three of my grandparents.

    Sorry about the loss of you brother, that is something you never really overcome. My wife passed over 30 years ago, and the pain never goes away. My condolences.

  184. Libturd says:

    I’m looking forward to ice vehicles getting really cheap.

  185. No One says:

    BRT,
    How much if you bought ARKK when Biden was inaugurated?

  186. BRT says:

    Thanks Jim. All good. My condolences as well. 30 years ago is way too early.

  187. BRT says:

    lol, bout $7k. Soon to be $4k

  188. The Great Pumpkin says:

    Just bought back into crypto. Looks like this is the bottom zone. Instead of diversifying, bought back into ETH only. It’s currently staked for 4.5% and in exchange i can’t sell till they upgrade to ETH 2.0.

  189. The Great Pumpkin says:

    If DNA wasn’t so cheap, I would start building my ark strategy again. Until DNA hits 5, Im going to keep DCA into it on monthly basis.

  190. Fabius Maximus says:

    Be careful with the Rav4Prime, they were having some issues with battery draw down. If you weren’t daily driving it, you can come back to a dead car. That said I love the Prius Prime. Its giving me 54MPG and I rarely charge it. My 15yo Prius is going to my kid who just passed his test and is still delivering 44MPG

    Loving the F150 Hybrid as well, although its in the shop for a broken axle. Built Ford Tough not really holding up.

  191. The Great Pumpkin says:

    Lib,

    Should I buy back in? Or one more week of flushing it?

  192. The Great Pumpkin says:

    I sold VWUAX at 159 and VSCIX at 1.8. At this point made a ton of money, I’m at the point where I don’t want to get greedy. This is an insane amount of money saved at these current price points.

    LIB, put yourself in my shoes. I’m trying to see it clearly through the stress. This is a lot of money for me at this age, and just hope I’m seeing it clearly through the lens of stress. If it’s still an obvious wait, just let me know.

  193. Ex says:

    Gorgeous day. Pool “waterfall” trickling away.
    Rarified schools are the topic here. The Ivies think
    they are inherently smarter than the hillbilly.

    I have yet to see that play out irl.

  194. 3b says:

    BRT: Sorry for the loss of your brother.

  195. BRT says:

    3b thanks, no worries, it was a long time ago.

  196. Libturd says:

    I’m 80 stable/20 long. Have way more at risk than you do. Do what you want Pumps.

  197. Libturd says:

    Gtfo out of crypto.

    Not a high risk or speculative stock or fund in my portfolio ever.

  198. The Great Pumpkin says:

    It has to be bottoming. Look at the inflows of arkk and sark. Arkk has a ton of inflows while sark inflows have gone negative. Market knows more than us. There is a reason the flows are changing…

    “$469 Million flowed into $ARKK to the positive the last 4 days. It takes courage to run into a perceived burning building. Impressive to say the least, particularly yesterday as the market dumped into the close. That’s when big blocks of BUYS appeared. I was one of them.”

    https://twitter.com/dilksjay/status/1502594165963640836?s=21

  199. Ex says:

    The term throwing good money after bad comes to mind.

  200. The Great Pumpkin says:

    Ex,

    I really think it’s the smart money buying it up. Small retail can’t be the inflows. Ark is too hated by the general public. They were burnt bad and are not going to be buying this right now. Just my opinion, but that’s what it seems like to me.

  201. Libturd says:

    Wrong, wrong, wrong! ARKK is hated by the smart money and loved by the dumb money. The smart money knows what Chi, Left, yours truly and a few others have told you here. It an all eggs in one basket fund with no escape hatch. It’s being run by a gambler who is using religion to sway dumb money her way.

  202. Phoenix says:

    Anyone:
    If you go into a car dealership, they don’t have what you want, and they get it from another dealer does that add to the price?

    IOW, should I go to individual dealers and pick the car off the lot, or go to one dealer and if they find the car somewhere else let them get it for you?

  203. Trick says:

    In the past they just traded allocations between dealers with no additional charge, but now with such a limited supply I’m not sure how it works.
    When I ordered my Lighting the original dealer had a 5k ADM, so I switch to a dealer that charged MSRP. I would shop around to see who is not adding to the MSRP

  204. Phoenix says:

    Thanks Trick

    Thinking the same thing. My car had a catastrophic failure. I have a backup, but need to pick something.

    I’d rather do a ten hour revision knee surgery than buy a car. It’s such an unpleasant experience.

    Only things worse are divorce, dealing with lawyers, or getting a diagnosis of cancer.

  205. Libturd says:

    I would hold off as long as you possibly can to buy a car. Prices new and used are impossibly high right now. With that said, price should not matter which dealer it is shipped from.

  206. Jim says:

    Libturd says:
    March 12, 2022 at 10:02 am
    Wrong, wrong, wrong! ARKK is hated by the smart money and loved by the dumb money.

    Great advice, but Pumpkin is an entitled public worker who has no common sense, in another week he will be pushing ARKK all over again. It is like talking to a stone wall.

  207. Phoenix says:

    Lib,
    No option. Can’t really wait.

    Major engine failure.

  208. BRT says:

    It’s worth noting, it’s march and still no updated vaccine. They are going to go into the next fall with a shot that’s 2.5 years outdated. FDA just rejected Covaxin’s deactivated virus vaccine for use.

  209. Phoenix says:

    Thousands over MSRP?

    I hope you pay 100 dollars for your Tylenol at the hospital.

    And don’t whine either.

  210. joyce says:

    Phoenix,
    If I’m ever in the hospital for a few days, should I ask a friend to bring a ‘dash cam’ so I have a record to compare against my billing statement? :)

  211. Phoenix says:

    Joyce,
    I would suggest you follow the law.

    Other than that all is fair game.

  212. The Great Pumpkin says:

    “Bearish doom and gloom specialist Jeremy Grantham just went bullish on innovation stocks 👀👀 $arkk”

    https://twitter.com/zionfresh4/status/1502747770016305152?s=21

  213. Boomer Remover says:

    I pay ex car sales guys to give me access to pre-negotiated deals. I’m in an EV lease now $150 month sign and drive. Everything is done via docusign and text and you simply go to the dealer to pick up the car, contract in hand. Full service. $250-500 a pop.

    Full stop.

    I don’t care where your neighbor bought their car, or that your uncle knows a guy. This is the best way to purchase or lease a vehicle: leasehackr.com

    Here’s the northeast forum where brokers advertise their deals:

    https://forum.leasehackr.com/c/marketplace/northeast/15

  214. Phoenix says:

    BR
    Thank you. Will check this.

  215. Phoenix says:

    Police are looking for a man who deliberately took out a shotgun and fired at two homeless men sleeping on the streets of New York, killing one of them.

    In disturbing video footage shot in the SoHo neighborhood of Manhattan, the suspect can be seen slowly walking past one of the homeless men at about 5 a.m. Saturday, before carrying out the ‘cold-blooded’ killing.

    After walking out of the video frame, the man returns and approaches the slumbering homeless man in a bright yellow sleeping bag.

    The man then looks around cautiously to see if anyone else is watching before prodding the victim’s body with his foot several times.

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