noobtube wrote:AdamB wrote:noobtube wrote:So, anyone could have gotten on the same ride, if they could afford it?
Of course. Sometimes these things are just timing, good or bad.
Good timing would be buying Apple when it first started.
Or gotten into the market in the early 1980's.
noobtube wrote:AdamB wrote:noobtube wrote:Can't afford to maintain the road network, the bridges, the water system, the military, the airports, the food supplies... but as long as you had a good life, I suppose the young should be happy doing all the work to pay for the repair and replacement of all this stuff.
You might not have noticed but all those things you've mentioned are still around, still being useful and doing stuff. Sure, there is strain under the growing population, but that is also a normal part of growth, be it population or economic.
So, you got nice new things in your youth.
Not sure what you're talking about. I grew up hillbilly on a dirt road in Appalachia, and had nothing. Well, I had traps and firearms, but those were working tools.
noobtube wrote:Today's youth get your hand-me-downs. Yet, the young are supposed to be grateful.
My oldest bought her own stuff, no hand me downs from dad. She has earned everything she has got for herself. What kind of youth are you familiar, lazy and hung up in social media nonsense?
noobtube wrote:When you were young, you got new houses, new cars.
Boy are you off base. When I was young I shared a bedroom with my sister, in a house my grandfather built, on 100 acres of woodlands, and he didn't own a new car, but an old truck, grandma had a used car to go to church, and I owned nothing until I got kicked out of the house, and bought a motorcycle in my sophomore year of college. What kind of privileged life did you have to think others had the same?
noobtube wrote:Your children get old houses, and old cars.
You can't get anything right can you? My kid bought a nice new house, and yes, we did give her a nice car. She bought her own new motorcycle.
noobtube wrote:The only reason why your children will not be upset is because they get an inheritance. Otherwise, they would be like so many other young people and ready to check out.
My wife gets the inheritance, not the kids.
noobtube wrote:You don't seem to realize there are millions of young men out there who do nothing all day but watch TV, watch movies, watch sports, and just watch life pass them by because your generation destroyed their future plundering the country's natural resources while taking no responsibility for it.
I understand that the new generations know nothing of hardship, hunting and fishing for food or working on the farm for both sustinance and income. Good thing I didn't teach my kids to be lazy and stupid and become this vision you seem familiar with. Are you one of these lazy young people and see this personally?
noobtube wrote:AdamB wrote:noobtube wrote: The oil count from the 1970s IS NOT the oil count of 2023.
Prove it.
Did a quick search on Gooble.
https://www.eia.gov/dnav/pet/hist/LeafH ... rfpus2&f=mIf you are telling me that magical increase in oil production in 2011 is normal extraction output, then I guess you'll believe anything that fits your narrative.
Can't be bothered to read the title of your own reference. Notice that "other liquids" part? I guess not. I asked you to prove it, not demonstrate that, as I said, you don't even know what oil is any more than the rest of the amateur hour. You should have googled better, better yet, on YOUR reference at the top, there is this thing. Called a link. It's called " crude oil production". Are you one of these young people that can't even figure out where the real oil information is when THE LINK IS ON YOUR OWN REFERENCE? No wonder you have a poor opinion of folks, your contemporaries perhaps?
noobtube wrote:Nothing, not zinc, iron, aluminum, gold, steel production just magically increases in output like that, for that many years, out of the blue, and no war.
Your reference does whatever it does, but it isn't oil. Do try and pretend I haven't already told you this.
Do you know what PEBCAK is? You. problem exists between chair and keyboard.
AdamB wrote:Anyone can see the US has gotten poorer not richer in the past twenty years. All these claims about all this resource abundance sure isn't seen at the gas pump, or the grocery store, or the shopping mall.
Pick your metric. Like you did with oil, but this time get it right and don't claim stupid stuff. And then we can talk about that metric, or others, as what defines poor and rich in America.
noobtube wrote:Why are diesel prices still so sky high if there is so much oil?
It's called a market. It involves buyers and sellers. Google it up, and try harder than last time.
noobtube wrote:Why are people driving cars that run on batteries, instead of oil, if the US has so much?
Because my EVs have far lower costs per mile than my ICE antiques, and are fueled by solar panels on the roof of the garage. Where have you been for the last decade as EVs have been exploding in sales?
noobtube wrote:Your claims are not supported by what people are actually doing.
I'm not making claims, you are. "Oil isn't oil"....geez. And some of my claims certainly are supported, there are 6 EVs on my street alone, and two of us using solar panels to power them. Where do you live, in some backwoods MAGA land where nose picking is an art?
noobtube wrote:The fact you did not use gold to buy anything, is a FEATURE, not a bug. If you had to lose your gold to buy a meal, you are getting poorer, not richer. But, when you can get rid of worthless paper to get a meal, you can keep your gold and maintain your wealth.
I agree. I keep my gold because it isn't something you pass out and is mostly useless, and worthless paper is as worthless as what people give me for it. Cars, food, motorcycles, etc etc. Sounds like that paper sure ain't worthless!
noobtube wrote:Since the 1980s, if you kept a 1980s dollar, it would be worth a fraction of what you could get then. If you kept that gold from the 1980s, you could still buy the same amount of stuff.
The market investments have grown more than the gold has appreciated. It is real versus nominal comparisons. Go look it up, and maybe you won't pretend you are talking to another noob.
noobtube wrote:If you kept the dollars, the paper currency, you lost in every single case, BIG! With the gold, you can buy nearly the same stuff, you could in 1980, except for inflated home prices.
And if you put that dollar in the market, you'd have even more dollars and could buy even more stuff than the gold! Markets good! Gold less so. Plus I can convert market gains into worthless paper, and buy more stuff than if I liquidated the gold and got fewer worthless pieces of paper. Are you pretending to not understand this, or are you one of those young and uninformed folks watching TV all the time you appear to be so familiar with?
Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."
Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"