<< <i>I seems like a poor business model for a coin dealer to post to threads like these and risk offending 90% of potential customers. >>
Someones poltical or social stance should not make a difference in the quality of coins or service one offers. I disagree with Rick on many points, but have also purchased many coins from him. When I was a broker many of my clients disagreed with my viewpoints, but they still trusted their money with me.
<< <i>I seems like a poor business model for a coin dealer to post to threads like these and risk offending 90% of potential customers. >>
Someones poltical or social stance should not make a difference in the quality of coins or service one offers. I disagree with Rick on many points, but have also purchased many coins from him. When I was a broker many of my clients disagreed with my viewpoints, but they still trusted their money with me. >>
Not everyone will look at things that objectively. It's just my opinion, but if I were a dealer, I'd stick to posts discussing coins.
<< <i>I seems like a poor business model for a coin dealer to post to threads like these and risk offending 90% of potential customers. >>
Someones poltical or social stance should not make a difference in the quality of coins or service one offers. I disagree with Rick on many points, but have also purchased many coins from him. When I was a broker many of my clients disagreed with my viewpoints, but they still trusted their money with me. >>
Not everyone will look at things that objectively. It's just my opinion, but if I were a dealer, I'd stick to posts discussing coins. >>
And this brings the tread full circle as it demonstrates the problem with politics. If people would view problems objectively, rather than what they have to gain or lose, we would find many solutions.
I know I'm a little late to the oil discussion, but if i can still add my two cents worth on this one...
I am a Seismic Geophysicist in the exploration side of the spectrum and since the 60's the use of geophysics has increased the quality of the wells, and the amount we can retrieve. The current project i am working on has a recovery goal of 70%, they are already at 61%. To put this in perspective, prospects that saw a recovery of 40% were considered major successes. With the advent of higher quality seismic products, and better imaging tools, we can now recover amount that were unthinkable jest a decade or so ago.
To top that off, with the use of quality seismic surveys, we are now putting fewer dry holes into the ground, and we are recovering more per hole. The environmental impact (on a per hole basis) is being reduced every year (at least in the modern countries). On a downside, environmentalist in the US have gone from protecting the environment to an anti-industry stance. We cannot drill where we want to, and we are forced to the absolute extent of our technology. This opens the doors to Horizon type accidents.
Im still young, in my 20s, but I am confident that I will have a long and prosperous career in the Oil and Gas field. Im not saying that we won't hit our hard times, but the industry won't go away in a few years or decades. When you look at the byproducts from the O&G industry (plastics, pharma, etc) it is going to take a long time to replace those oil based byproducts.
Even if a new energy source was discovered yesterday, the time it would take to get the entire world infrastructure off of oil and on to the new source is huge. We are looking at many decades, not years. Is Joe six-pack going to throw down 40k for a new car when he can't make is mortgage payments?
I am about being good stewards of what we were given, of our environment. If we can EFFICIENTLY use our resources and not rape our land, then I say we go for it. We have so many simple things that can be done to reduce our energy consumption (solar water heaters to offset the gas based, etc) without a noticed effect. IF and i do me IF these can become cost efficient to the average consumer, then we will see large strides in that area. But until then, we as a whole will go with the cheapest option.
The world energy needs are not going to be met by a single new source. You won't find an oil equivalent for a while. It will be met little by little by various sources. Geothermal for some regions, wave to tidal action in others, some will help offset by solar or wind (providing they are allowed to build) others will use algae biomass byproduct from coal plants. I feel (and hope from a national security prospective) that the death of oil as the worlds reserve energy source will be death by of a thousand cuts.
The money makers in the future will be in the efficient use of oil as an energy source, or by lowering the price of alternative fuels.
Remember that the market can stay irrational longer than you can stay solvent.
Or ever. We may end up with all kinds of alternative energy sources, and I think that we most certainly will - but I am not convinced that ANY of them will ever be as cost-effective as oil (well, except maybe nuclear, but you have to incorporate all of the costs in that scenario).
I hope somebody proves me wrong someday, but wishing for a breakthrough does not guarantee it will ever happen.
We have to see the current realities, or we will be fooling ourselves into making some really wasteful decisions and using up resources that we really can't be affording to waste.
In my opinion, the free market is the best arbiter for these types of decisions - financially, environmentally, and engineering-wise as well.
Q: Are You Printing Money? Bernanke: Not Literally
I agree jmski, oil will die the death of a thousand cuts... Not a single replacement. The oil industry will be around for the whole of my life, and i wouldn't be surprises if its the same for my unborn child...
Oil and gas as a part of ALL energy lobbying dollars is 5th in dollars, with Heath and Finance taking spots 1 and 2. Obamacare and Bailouts... Hmmmm.. Wonder why...
I read it as will the CURRENT us govt solve it... Not whether or not the US will get through it. I.E. changes in admin, house, senate, fiscal policies, etc enacting correct fiscal responsibilities to correct the issue.
That being said, I have no confidence that the CURRENT govt/policies/etc will get through it. I do have confidence that America will survive this crisis, albeit a painful experience...
Remember that the market can stay irrational longer than you can stay solvent.
I seems like a poor business model for a coin dealer to post to threads like these and risk offending 90% of potential customers.
Offend? If a good, hearty discussion offends you, then I think you have problems. If my posts are correct, then why would the truth offend you? If I am wrong, Then why would you be offended by my posts. I am happy to listen to any argument counter to what I say, but when you say I am offending any one, I have to drop my jaw ad say "are you kidding?"
I was happy starting commenting on how the lack of confidence in Europe will not help PM's. (Shown correct today) Where every post went after that, I felt compelled to share my thoughts too. Should I shut down because someone posts an answer to my post? Everything I wrote in the spirit of sharing my own thoughts. Not to offend.
Also anyone who would not do business with me because I share my thoughts here, well, I wouldn't want your business for being so petty to begin with.
Also, I just half-jokingly made a comment about Nebraska, since I was out there a few months ago. Then jmski52 starts going all-out on Trans-Canada and all. He took the thread way off the original intent. I shouldn't have fed his off-topic post, but I did, and if that offended you too, I'm sorry. We should keep threads on topic.
Rick, I disagree with almost everything you say. But I'm glad you post..... sometimes it turns into a "echo chamber" on this forum. Sometimes it's nice to hear the other side... even if it's a little nutty!
Si vis pacem, para bellum
In God We Trust.... all others pay in Gold and Silver!
Comments
<< <i>I seems like a poor business model for a coin dealer to post to threads like these and risk offending 90% of potential customers. >>
Someones poltical or social stance should not make a difference in the quality of coins or service one offers. I disagree with Rick on many points, but have also purchased many coins from him. When I was a broker many of my clients disagreed with my viewpoints, but they still trusted their money with me.
Knowledge is the enemy of fear
<< <i>
<< <i>I seems like a poor business model for a coin dealer to post to threads like these and risk offending 90% of potential customers. >>
Someones poltical or social stance should not make a difference in the quality of coins or service one offers. I disagree with Rick on many points, but have also purchased many coins from him. When I was a broker many of my clients disagreed with my viewpoints, but they still trusted their money with me. >>
Not everyone will look at things that objectively. It's just my opinion, but if I were a dealer, I'd stick to posts discussing coins.
<< <i>
<< <i>
<< <i>I seems like a poor business model for a coin dealer to post to threads like these and risk offending 90% of potential customers. >>
Someones poltical or social stance should not make a difference in the quality of coins or service one offers. I disagree with Rick on many points, but have also purchased many coins from him. When I was a broker many of my clients disagreed with my viewpoints, but they still trusted their money with me. >>
Not everyone will look at things that objectively. It's just my opinion, but if I were a dealer, I'd stick to posts discussing coins. >>
And this brings the tread full circle as it demonstrates the problem with politics. If people would view problems objectively, rather than what they have to gain or lose, we would find many solutions.
Knowledge is the enemy of fear
I am a Seismic Geophysicist in the exploration side of the spectrum and since the 60's the use of geophysics has increased the quality of the wells, and the amount we can retrieve. The current project i am working on has a recovery goal of 70%, they are already at 61%. To put this in perspective, prospects that saw a recovery of 40% were considered major successes. With the advent of higher quality seismic products, and better imaging tools, we can now recover amount that were unthinkable jest a decade or so ago.
To top that off, with the use of quality seismic surveys, we are now putting fewer dry holes into the ground, and we are recovering more per hole. The environmental impact (on a per hole basis) is being reduced every year (at least in the modern countries). On a downside, environmentalist in the US have gone from protecting the environment to an anti-industry stance. We cannot drill where we want to, and we are forced to the absolute extent of our technology. This opens the doors to Horizon type accidents.
Im still young, in my 20s, but I am confident that I will have a long and prosperous career in the Oil and Gas field. Im not saying that we won't hit our hard times, but the industry won't go away in a few years or decades. When you look at the byproducts from the O&G industry (plastics, pharma, etc) it is going to take a long time to replace those oil based byproducts.
Even if a new energy source was discovered yesterday, the time it would take to get the entire world infrastructure off of oil and on to the new source is huge. We are looking at many decades, not years. Is Joe six-pack going to throw down 40k for a new car when he can't make is mortgage payments?
I am about being good stewards of what we were given, of our environment. If we can EFFICIENTLY use our resources and not rape our land, then I say we go for it. We have so many simple things that can be done to reduce our energy consumption (solar water heaters to offset the gas based, etc) without a noticed effect. IF and i do me IF these can become cost efficient to the average consumer, then we will see large strides in that area. But until then, we as a whole will go with the cheapest option.
The world energy needs are not going to be met by a single new source. You won't find an oil equivalent for a while. It will be met little by little by various sources. Geothermal for some regions, wave to tidal action in others, some will help offset by solar or wind (providing they are allowed to build) others will use algae biomass byproduct from coal plants. I feel (and hope from a national security prospective) that the death of oil as the worlds reserve energy source will be death by of a thousand cuts.
The money makers in the future will be in the efficient use of oil as an energy source, or by lowering the price of alternative fuels.
BSTs with: Coll3ctor, gsa1fan, mkman123, ajbauman, tydye, piecesofme, pursuitofliberty
Travelog - 20in20travels.com
Or ever. We may end up with all kinds of alternative energy sources, and I think that we most certainly will - but I am not convinced that ANY of them will ever be as cost-effective as oil (well, except maybe nuclear, but you have to incorporate all of the costs in that scenario).
I hope somebody proves me wrong someday, but wishing for a breakthrough does not guarantee it will ever happen.
We have to see the current realities, or we will be fooling ourselves into making some really wasteful decisions and using up resources that we really can't be affording to waste.
In my opinion, the free market is the best arbiter for these types of decisions - financially, environmentally, and engineering-wise as well.
I knew it would happen.
Oil and gas as a part of ALL energy lobbying dollars is 5th in dollars, with Heath and Finance taking spots 1 and 2. Obamacare and Bailouts... Hmmmm.. Wonder why...
Lobbiest $$ by Sector
BSTs with: Coll3ctor, gsa1fan, mkman123, ajbauman, tydye, piecesofme, pursuitofliberty
Travelog - 20in20travels.com
Am I misinterpreting the poll?
Could someone please provide a practical definition for the word "solve" for the purposes of this thread?
I know it's a Doom and Gloom Precious Metals Forum but even so, such extreme pessimism is very encouraging for the economy and the financial markets!
(as we all know, it's irrational bullishness that's the most dangerous)
Liberty: Parent of Science & Industry
That being said, I have no confidence that the CURRENT govt/policies/etc will get through it. I do have confidence that America will survive this crisis, albeit a painful experience...
BSTs with: Coll3ctor, gsa1fan, mkman123, ajbauman, tydye, piecesofme, pursuitofliberty
Travelog - 20in20travels.com
Offend? If a good, hearty discussion offends you, then I think you have problems. If my posts are correct, then why would the truth offend you? If I am wrong, Then why would you be offended by my posts. I am happy to listen to any argument counter to what I say, but when you say I am offending any one, I have to drop my jaw ad say "are you kidding?"
I was happy starting commenting on how the lack of confidence in Europe will not help PM's. (Shown correct today) Where every post went after that, I felt compelled to share my thoughts too. Should I shut down because someone posts an answer to my post? Everything I wrote in the spirit of sharing my own thoughts. Not to offend.
Also anyone who would not do business with me because I share my thoughts here, well, I wouldn't want your business for being so petty to begin with.
In God We Trust.... all others pay in Gold and Silver!
I knew it would happen.
<< <i>Let me state unequivocably, that 2+2=4. >>
Yes, but did you get Tim Tebow to vouch for that?
No, GB - but I wanted to go public with a fact that can't be "twisted" like the rest of what I've said here. We are big on "twisted", it seems.
My original post was on topic and on point. Mr. Snow's was not. No biggie.
Per the OP:
<<You can't bash one party
it's either both or neither
take them or leave them>>
I knew it would happen.
<< <i>did you get Tim Tebow to vouch for that?
No, GB - but I wanted to go public with a fact that can't be "twisted" like the rest of what I've said here. We are big on "twisted", it seems.
My original post was on topic and on point. Mr. Snow's was not. No biggie.
Per the OP:
<<You can't bash one party
it's either both or neither
take them or leave them>> >>
I believe you can bash one party...especially when 'it' is destroying this country.
Did I mention it ain't the Republican party?