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Open Roads Forum  >  Around the Campfire  >  General Topics

 > Exxon lost $20.1Billion - the beginning of the end for oil?

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mr. ed

Amarillo, Texas

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Posted: 02/13/21 08:30am Link  |  Quote  |  Print  |  Notify Moderator

mowermech wrote:

mr. ed, IIRC you are about my age. It is quite likely we will be long dead before that happens!


I'm still going pretty strong at 76, but I guess that's a likely possibility, Mowermech. When I watch a western movie, I picture myself in those days when horses and wagons were the usual forms of transportation. There were no thoughts of pollution controls for vehicles then! [emoticon]


Mr. Ed (fulltiming since 1987)
Life is fragile. Handle with prayer.

2007 Hitchhiker II LS Model 29.5 LKTG (sold)
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monkey44

Cape Cod, MA and Central Fla

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Posted: 02/13/21 11:02am Link  |  Quote  |  Print  |  Notify Moderator

Pollution controls for horses - a bag tied beneath the tail [emoticon]


Monkey44
Cape Cod Ma & Central Fla
Chevy 2500HD 4x4 DC-SB
2008 Lance 845
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mr. ed

Amarillo, Texas

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Posted: 02/13/21 01:46pm Link  |  Quote  |  Print  |  Notify Moderator

monkey44 wrote:

Pollution controls for horses - a bag tied beneath the tail [emoticon]


LOL. I guess some sort of pollution control would also be needed for cows to catch all the methane they put into the atmosphere. [emoticon]

monkey44

Cape Cod, MA and Central Fla

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Posted: 02/13/21 04:12pm Link  |  Quote  |  Print  |  Notify Moderator

Wish I knew how to post a photo here. We were traveling in Texas, rolled past a pasture filled with cattle - right next to a windmill farm. The cattle were facing away from the windmills, pointing the rear ends at it. We cracked up ...

wa8yxm

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Posted: 02/13/21 04:44pm Link  |  Quote  |  Print  |  Notify Moderator

Though the losses are major Oil will be around for many years to come.
GM's decision to stop selling cars that BURN it will slow it even more but Oil is used for so many other things.. Gasoline may some day be hard to find, but Oil will remain popular for other uses.


Home is where I park it.
2005 Damon Intruder 377 Alas declared a total loss
after a semi "nicked" it. Still have the radios
Kenwood TS-2000, ICOM ID-5100, ID-51A+2, ID-880 REF030C most times


pianotuna

Regina, SK, Canada

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Posted: 02/14/21 10:32am Link  |  Quote  |  Print  |  Notify Moderator

Here is an interesting idea. A trailer that provides motive power--reducing the energy needed for towing.

https://www.greencarreports.com/news/111........rv-maker-builds-electric-camping-trailer


Regards, Don
My ride is a 28 foot Class C, 256 watts solar, soon to have SiO2 batteries, 3000 watt Magnum hybrid inverter, Sola Basic Autoformer, Microair Easy Start.

Yosemite Sam1

Under the pines.

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Posted: 02/14/21 11:25am Link  |  Quote  |  Print  |  Notify Moderator

pianotuna wrote:

Here is an interesting idea. A trailer that provides motive power--reducing the energy needed for towing.

https://www.greencarreports.com/news/111........rv-maker-builds-electric-camping-trailer



[emoticon][emoticon][emoticon]

can't wait!

Charlie D.

E. Texas-Orange

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Posted: 02/15/21 03:18pm Link  |  Quote  |  Print  |  Notify Moderator

mowermech wrote:

Companies dip their dirty hands on the retirement funds when they experience cash flow problems or going bankrupt. Also the last to be funded.


Not as prevelent as it once was and yes, it was often underfunded. Many companies have shied away from defined benefit to defined contribution plans. Most unions leaders fought it.
They put money into the employees account, in my case twice monthly, as that was how I was paid. They no longer have to have money tied up in reserves. When I was working my company matched my contributions dollar for dollar up to 6 percent. That was like getting a 6% pay raise. I contributed up to maximum by law. This was pretax and I pay taxes upon any withdrawals which is less than I would have paid.
They also paid into a retirement plan. All money was in a self-directed fund and once contributed could not be touched by the company.
IRS has penalties if withdrawn before retirement but there can be exceptions.
IMO, this is the best of all retirement funds and a win-win for both companies and employees.


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Yosemite Sam1

Under the pines.

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Posted: 02/23/21 10:25am Link  |  Quote  |  Print  |  Notify Moderator

Crude prices are starting to recover -- bad for higher prices at the pump.

Globally, the consensus is an economic recovery as Covid cases are going down and people are getting vaccinated.

The question though for fossil industry is that there is a common view that peak energy-crude demand was reached some 3 years ago with the unmistakable trend that it's in the downturn all the way with the advancement in technology and wider usage of alternative energy.

Stock analysts are predicting a dead cat bounce for the Exxons of the stock market.

MEXICOWANDERER

las peƱas, michoacan, mexico

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Posted: 02/24/21 02:23am Link  |  Quote  |  Print  |  Notify Moderator

I wonder about the coming disparity between a supposed green America and petroleum rest of the western hemisphere. There cannot be a billion people existing in a petroleum universe while the USA and Canada fence themselves in.

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