High fuel cost and wood

   / High fuel cost and wood #102  
If oil prices remain high, more money will be spent on creating energy efficient vehicles and alternative energy sources. This will ultimately hurt the oil companies.
Yes, many are diversified but oil is still their bread & butter.
"energy efficient" for how long? I've got two ALH TDIs which average right about (mine is over) 50 mpg. BUT, now diesel fuel prices are increasing. I'd never expected things to go down as they are, though I always figured things would actually "go down." I've figured that I should still manage with diesel at $10/gal: I'd had it at $15/gal, but that was ONLY fuel pricing, and now that it's clear that it's inflation all across the board I have to pull back for other stuff (like food!).

Food prices are increasing and people are heavily in debt. Tesla (and I figure the same will apply to others) has increased pricing: battery costs are jumping up. These are two things that both are working to place more difficulties in ramping up EV sales. And keep in mind that the fundamentals of the US economy rides on top of fossil fuels: refer to "petro-dollar." (note that the two big exports of the US is refined fossil fuel products and weaponry <- these go hand-in-hand; lose one and you lose the other) While in Poland recently Biden stated that folks will be using more "US" coal and oil; that is, there is MORE push, not less, for fossil fuel production/extraction.
 
   / High fuel cost and wood #103  
I was in Steamboat this past week and gas was $7.56 a gallon, Diesel was $8.10. The mountain was full of people...high gas was slowing no-one down. My bloody Mary was $40 on the mountain and beers were $15.

The consumer is holding up...
And the band played-on as the Titanic went under... Double those numbers going forward: I'll project that the USD will devalue to the tune of about 39%- it'll be worth only 39% of what it currently is (yes, feel free to quote me). Will that devaluation -affected via inflation- continue? Perhaps. I might end up finding out whether I can sustain on tree bark (have lots of trees- so, heating fuel costs aren't much of an issue for me)...
 
   / High fuel cost and wood #104  
I was in Steamboat this past week and gas was $7.56 a gallon, Diesel was $8.10. The mountain was full of people...high gas was slowing no-one down. My bloody Mary was $40 on the mountain and beers were $15.

The consumer is holding up...
What the F^&*.

I can sort of understand the fuel prices in a remote, affluent region. $15 beer I've seen before, too. But $40 for a god damn bloody mary? And you paid it?
 
   / High fuel cost and wood #105  
What the F^&*.

I can sort of understand the fuel prices in a remote, affluent region. $15 beer I've seen before, too. But $40 for a god damn bloody mary? And you paid it?

Yes, I paid it. Actually I paid for 3 of them and lunch for 3. It was over 300 dollars.
 
   / High fuel cost and wood #106  
And the band played-on as the Titanic went under... Double those numbers going forward: I'll project that the USD will devalue to the tune of about 39%- it'll be worth only 39% of what it currently is (yes, feel free to quote me). Will that devaluation -affected via inflation- continue? Perhaps. I might end up finding out whether I can sustain on tree bark (have lots of trees- so, heating fuel costs aren't much of an issue for me)...

You need to invest in the one store of value that is not subject to a central bank's money printing machine.

I have been putting a lot of money into bitcoin lately. It's the best store of value that can't be subjected to a change in value due to deficit spending or quantitative easing.
 
   / High fuel cost and wood #107  
My son worked in Steamboat but lived in Craig, which is a pretty good drive to the west. A very expensive place to live. He got a job back here in Illinois and is living at home again “temporarily “.
 
   / High fuel cost and wood #108  
My son worked in Steamboat but lived in Craig, which is a pretty good drive to the west. A very expensive place to live. He got a job back here in Illinois and is living at home again “temporarily “.
that is a drive. It's always been expensive, but in the last year it seems like it's gotten really really expensive.

Some of our favorite restaurants have closed because rent got too much to handle. It will crash like it did in 2009.
 
   / High fuel cost and wood #110  
Now we know why your name is snob.

Actually it stands for snowboards. Snobdds was the first part of my email address my dad gave me when I was 12 and the internet was just starting. I was really really into snowboarding back then so that is what he gave me. I have used that prefix for everything.
 

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