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Like the law of gravity…you can’t repeal the laws of economics…unicorns and rainbows… ;D ;D >:D

?Dirty ol’ coal’ is making a comeback and consumption is expected to return to 2013′s record levels

?        Coal prices are soaring and global coal consumption is expected to return to record levels reached almost 10 years ago as the global energy supply crunch continues.

·        While investors in coal stocks are having a field day thanks to high coal prices, curbs on carbon emissions are taking a backseat as markets and governments scramble to stock up on traditional energy supply amid bottlenecks caused by the Ukraine war, analysts say.

·        Worse, slowing investments in new coal-powered energy facilities have tightened the supply of coal even further, Shaw and Partners senior analyst Peter O’Connor told “Squawk Box Asia” on Friday.
https://www.cnbc.com/2022/08/02/coa...ted-to-return-to-2013s-record-levels-iea.html
 
morekaos said:
Like the law of gravity…you can’t repeal the laws of economics…unicorns and rainbows… ;D ;D >:D

?Dirty ol’ coal’ is making a comeback and consumption is expected to return to 2013′s record levels

?        Coal prices are soaring and global coal consumption is expected to return to record levels reached almost 10 years ago as the global energy supply crunch continues.

·        While investors in coal stocks are having a field day thanks to high coal prices, curbs on carbon emissions are taking a backseat as markets and governments scramble to stock up on traditional energy supply amid bottlenecks caused by the Ukraine war, analysts say.

·        Worse, slowing investments in new coal-powered energy facilities have tightened the supply of coal even further, Shaw and Partners senior analyst Peter O’Connor told “Squawk Box Asia” on Friday.
https://www.cnbc.com/2022/08/02/coa...ted-to-return-to-2013s-record-levels-iea.html
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It's helping a lot of poor foreign coal workers in places like Colombia - happy for them
 
Was in Fullerton the other day driving up Harbor and there was this ridiculous line of cars in the right lane... when I finally get closer I realize it was actually a dedicated lane for Costco gas.

The ironic thing was they were charging $4.65/gal but just up the road, there was an Arco that was almost completely empty... their cost? $4.79/gal. Even for a 20-gal tank, that's less than $3 savings... is it really worth that 30 minutes in line... and you're probably wasting gas idling in that line.
 
That Costco gas line always serves as a reminder of how many people are living check to check. I assume you wouldn’t spend 30 minutes in a gas line to save $3/week unless you absolutely had to. The interesting part is that you do see a lot of nice cars in those long as gas lines, which always makes me wonder if they can afford that car in the first place.
 
qwerty said:
That Costco gas line always serves as a reminder of how many people are living check to check. I assume you wouldn’t spend 30 minutes in a gas line to save $3/week unless you absolutely had to. The interesting part is that you do see a lot of nice cars in those long as gas lines, which always makes me wonder if they can afford that car in the first place.
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That's the additional irony. Add to that the fact that to be a Costco member you also have that additional cost.

It's just the perception of saving money.

I know a few people who make tons of money but still gassed up at Costco. Their solution? Instead of buying a moderately priced EV, they got one that's over $100k... hah.
 
irvinehomeowner said:
qwerty said:
That Costco gas line always serves as a reminder of how many people are living check to check. I assume you wouldn’t spend 30 minutes in a gas line to save $3/week unless you absolutely had to. The interesting part is that you do see a lot of nice cars in those long as gas lines, which always makes me wonder if they can afford that car in the first place.
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That's the additional irony. Add to that the fact that to be a Costco member you also have that additional cost.

It's just the perception of saving money.

I know a few people who make tons of money but still gassed up at Costco. Their solution? Instead of buying a moderately priced EV, they got one that's over $100k... hah.
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I guess since you paid for membership, you would have to "take advantage" of it.  ;D
 
Meh.  I'm in that line but it's part of the routine.  Drop the wife off so she can start shopping, and I go fill up.  I've timed it when I was in the longest line I've ever been in, and it was a grand total of 14 minutes in and out.  Sure, maybe still not worth $3 if time was the only factor, but I'm there anyway till the shopping's done, and part of it is I'm more confident in what I'm getting.  Costco is known for maintaining their equipment and tanks to high standards on strict maintenance schedules, and their gas is toptier rated.  The station across the street that's often the same price or even a penny cheaper sometimes...is a bit more opaque in what they're selling and a lot dirtier in appearance. 

I find it funny that people in general complain about how long it takes to get cheap gas...after spending 1-2 hours commuting every day!  I feel like I'm better off spending 14 minutes filling up less than 1x a month, and commuting 12 minutes each way.
 
If you're only filling up once a month... don't really need to seek out a Costco... unless of course you're dropping your wife off first. :)

I'm just not sure why more people don't go off-peak at Costco... seems like everyone is lining up at lunch or after work. It's the same reason why I don't eat out during high times... the less crowded the better.
 
irvinehomeowner said:
If you're only filling up once a month... don't really need to seek out a Costco... unless of course you're dropping your wife off first. :)

I'm just not sure why more people don't go off-peak at Costco... seems like everyone is lining up at lunch or after work. It's the same reason why I don't eat out during high times... the less crowded the better.
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I went to Spectrum Costco around 3pm last time and just pulled up to the pump. Next time I know when to go.  ;D
 
Drill baby drill!!

Britain to resume fracking: Liz Truss lifts ban in strategic energy revamp

With short-term cost of living relief expected to cost £100 billion ($115bn) or more, Ms Truss is pledging to increase domestic energy supply so that Britain does not face such a squeeze again.

She said the new Business Secretary Jacob-Rees Mogg would set out plans within weeks to make Britain a net exporter of energy by 2040.

"It is vital that we take steps to increase our domestic energy supply," Ms Truss told the House of Commons.
https://www.thenationalnews.com/wor...cted-to-resume-fracking-in-uks-energy-revamp/
 
Like England and Germany…reality sets in…hilarious beat down of a squad member…

Dimon Defends Need for Fossil-Fuel Investments to Congress
'That would be the road to hell for America': JP Morgan Chase CEO Jamie Dimon's slams Squad member Rashida Tlaib's call to end fossil fuel financing - and says US needs to invest MORE in oil and gas to reduce CO2
·        JP Morgan Chase CEO Jamie Dimon said on Wednesday the halted sale of oil and gas prices would be 'the road to hell for America'
·        In response to Dimon's resounding no, Tlaib advised citizens to remove their accounts from the banking giant
·        Dimon, along with other bank CEO's, gathered in front of Congress for an overview of the distressed US economy
·        Rep. Rashida Tlaib was caught off guard and later urged users of JP Morgan to close their accounts and move elsewhere
https://www.bloomberg.com/news/arti...-need-for-fossil-fuel-investments-to-congress
https://youtu.be/v8xXBJIjwBE
 
USCTrojanCPA said:
sleepy5136 said:
Gas has gone up a full dollar in the span of one month due to "unexpected" refinery maintenance. sketchy as hell.
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More like $1.30-$1.40 now.
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This Monday, my wife filled up gas at Eastvale Costco at $5.29. Today it's $5.85. A couple of weeks ago, it was $4.85. Oil price hasn't been this low for months. Last time gas was $5.85, oil was around $110. Fishy as hell.
 
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