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"Inflation is coming down"

who presided over contracts to private companies who we outsourced a large percentage of our engineering work to.
Yep. More than one way to skin a cat without getting hair in your teeth. Just sub it all out.

When Carter started the Dept of Energy in the 70s, it was rapidly ramping up in the number of employees and cars as a result. So they increased the budget but at the same time, the Iranian situation meant a jump in fuel cost, so Carter demanded all department including DOE cut fuel use by 10%. So, they did. They drove the DOE vehicles to Hertz and, once there, rented cars with full tanks of gas, drove them 250 miles and returned to pick up another car with a full tank. Meanwhile the DOE vehicles sit idle in the parking lot of Hertz - who charged them for parking, charged them for the gas and charged 50 cents a mile plus $50 a day for the lent autos. This is 1979. DOE spent easily 4x the money renting rigs than driving their own and buying their own gas but could brag that they met the 10% reduction in fuel USE as a result. How do I know? Well, I was a subcontractor to the subcontractor who worked for DOEs prime subcontractor - Bendix Corp. Yes, we had a DOE engineer overseeing a Bendix geologist who oversaw my firm whom, at the time, I was independently contracted to as a geologist. I and a woman geologist were working in tandem with 2 other geologists for our firm, Exploration Services Inc., and of the 4, I was the only one not a direct employee of ESI. As pairs we worked behind 2 drill rigs also contracted to Bendix, examining the samples for uranium.

In another example of government stupidity, there was a rig capable of 1100' and one capable of over 2000'. The larger rig was supposed to drill the deeper holes but the deepest hole was 1400' and the DOE engineer insisted the smaller rig drill a hole deeper than its rated capacity. Although a brand new rig, we actually broke the derrick drilling the deeper rig and had to make field repairs. Why did he insist the small rig drill the deep hole? The rigs were owned by two different companies so there was no way to switch drillers. But the engineer decided the driller on the larger rig 'only' had 8 years experience, whereas the driller for the small rig had 12 years... Buddy, if you cannot operate your own rig (and the driller owned the rig) after 8 years, you went out of business long ago.
 
It doesn't take guts. It takes ignorance. Something the Biden administration evidently has no shortage of
It takes forward thinking to push US from dependence on oil.
Many benefits especially the demise of OPEC and Russia's revenues.
 
Biden wants his legacy that US in future will benefit from EVs not depending on oil from foreigners.
Do you understand the stupidity of such things from Biden?

A- We are not dependent upon foreign oil since we are net balanced with exports and imports being far better today than they were a mere 20 years ago when oil was a huge part of our trade deficit. Despite this, we still have a trade deficit. Go figure.

B- EVs have solved nothing since we IMPORT 90% of the lithium, cobalt, nickel and copper used in an EV. In fact, we are making our trade deficit worse by using more EVs. AND, China is set and ready to export Mexican made EVs into the US and we cannot stop them because NAIFA means "Mexican" made has free trade with the US. And these Chinese EVs will blow Telsa and the Big 3 out of the water. They are a fraction the cost.

C-Since nuclear power seems off the table and Biden has done zero to make our grid more robust and capable of handling double the electricity needed to add a large EV fleet, we are in for blackouts, brownouts, and bans on recharging during cold and hot weather. EVs will never work in cold climates. And in flyover America, no one wants them. The eclipse led to 2 and 3 hour delays to put half a charge on an EV to get from Fayetteville to Russellville to watch the eclipse. The round trip is nigh 300 miles in hill terrain, and few EVs can be topped in Fayetteville and make the round trip without a charge. And they had to go on into Van Buren to recharge or about 20 miles out of their way. There are not even enough charging stations alone I-40 in Arkansas nor Oklahoma to be able to refuel without waiting for a station when EV traffic is even moderate.
 
It takes forward thinking to push US from dependence on oil.
You are so simple to think conversion to EVs has a smaller footprint than ICE autos. They don't, not by a long shot. Drink the Kool-aid. The environment of mining lithium, cobalt and nickel let alone copper takes a much larger toll on the environment than oil wells ever did.
 
BTW - so much for inflation coming down.

Consumer prices rose 3.5% in March compared to a year ago, accelerating markedly from the previous month and reversing some of the progress achieved in a two-year fight to cool inflation, U.S. Bureau of Labor Statistics data showed.​
 
You are so simple to think conversion to EVs has a smaller footprint than ICE autos. They don't, not by a long shot. Drink the Kool-aid. The environment of mining lithium, cobalt and nickel let alone copper takes a much larger toll on the environment than oil wells ever did.
Eventually world will go EV. Biden is bringing us there sooner.
New deposits of lithium and such will come about as demand pushes market to find new supply. That's how capital market works.
 
BTW - so much for inflation coming down.

Consumer prices rose 3.5% in March compared to a year ago, accelerating markedly from the previous month and reversing some of the progress achieved in a two-year fight to cool inflation, U.S. Bureau of Labor Statistics data showed.​
Don't understand why Wall Street thought FED was going to cut interest rates down soon. Wishful thinking.
Oh yeah, it's an election year. If rates don't go down soon, Biden will have more difficulties in winning this November.
 
Eventually world will go EV. Biden is bringing us there sooner.
New deposits of lithium and such will come about as demand pushes market to find new supply. That's how capital market works.
The world isn't going EV Fernando, in spite of my seeing my first Tesla truck yesterday hauling Pepsi Cola. Current EVs are climate specific vehicles, not something that is going to be broadly accepted in colder climes because they turn into bricks in freezing weather. They are big deals in California and other parts of the world that have warm climates. If I lived in New York I wouldn't think of owning one.
 
The world isn't going EV Fernando, in spite of my seeing my first Tesla truck yesterday hauling Pepsi Cola. Current EVs are climate specific vehicles, not something that is going to be broadly accepted in colder climes because they turn into bricks in freezing weather. They are big deals in California and other parts of the world that have warm climates. If I lived in New York I wouldn't think of owning one.
I haven't seen Tesla trucks but I'd seen those newer Tesla bullet proof SUV tank cars near where I live. More and more each day.
They're unique looking, very minimalistic design. One house two blocks away has one in the garage.
 
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