Red

I don’t want to sound smug but these people need to build something to understand what goes on through that process

lol this was a real comment about cars made?

The problem is the vanity of folks who need a consumer facing use case for their tech. “We optimized the fertilizer plant” just doesn’t have the same ring to it, though highly more productive to society

Exactly this, is your information base a good enough filter. There was a spate of bad bond math from commentators all in a row of I remember correctly?

In another life I would have liked to have been a Production Economist. A lot of concentration on markets and demand but there’s a science is instigating and managing production that I think is lost on some.

It was thought millennials would be the pejorative shorthand for young people forever, in a sense glad to see our own mortality as Zoomer is thriving

A good look into the Oxy investment. Call me skeptical that anyone other than Warren gets away with general stock purchases at BRK, I just don’t see the magic transferring to anyone else.

To me the most interesting thing about this is I doubt he has seen or could conceptualize what 21st century toys are. There are some really cool circuits and other learning toys that are quite complicated.

Now I know why my great-grandma never threw anything out

Ethane REJECTED.

(This is hilarious if you process natural gas)

NGL exports are something not a lot of folks get into, glad to see some attention here in my wheelhouse.

The Good Elders also realize there is still struggle for the younger generation but the circumstances have changed as you’ve provided more opportunities. Maybe your kids have to bus an hour instead of walk, the struggles change with the opportunities

How does the fever break? Corporate interests pressing on senators? I doubt the market will be enough but it’ll be the quickest thermometer.

How much were 1970s price controls telegraphed I wonder?

Surely you might have spotted a Le Car before?

There was actually a big Renault-AMC partnership back in the day

Curious your Chandler angle since I’m slowly making my way through The Visible Hand

Regarding debt I find it a bit incongruous the proposal is “let us re-term out this debt and break the trust of the original issuance (in effect default) but now trust us we are backing this with US property going forward”

I don’t mean to predict Brad’s profits for his new adventure but the number 1 input to asphalt shingles on roofs is… asphalt. He says tariffs don’t affect much but heavy oil isn’t really domestically produced. I’ll let you guess where we normally get it from. open.spotify.com/episode/2qEq...

A great read on the many issues with oil and gas in the current administration.

I’ll also note there’s a bit of fun going on with oil-gas, in that as oil production decreases it’s slightly bullish gas as trash (associated) gas disappears some.

Alan also knows the history. I wonder if there will be some fun tariff engineering a la Subaru Brat with the rear facing seats to try and avoid the tax. Maybe I can bolt the bumpers on at the port. bsky.app/profile/alan...

It’s poetic there’s an egg shortage and auto tariffs. It’s back to the 1970s with the Chicken Tax.

I typically think of many things as a chemical plant.

I should probably read the book but for any process you need to understand demand or you risk orphaning your production in a sense.

If your preferred instigation strategy is to rely on “wildcatters” for overproduction it might not be so robust.

One of my thoughts in the abundance discourse is many times there is a Field of Dreams assumption, if you build it they will come.

Who pays the carrying cost for the abundance? Are you suggesting private capital/ government and how are you agreeing on production levels?

In some sense the producers have to be in a lottery a la shale to make this work, but eventually the music catches up and you need a rational control mechanism a la SPR.

Problem with housing production I think is we guarantee the mortgage part, a step removed from paying the producer.

I of course was being obtuse but I feel the same way, capital markets don’t reward excess capacity (whatever your definition) bsky.app/profile/redb...

There were also a lot of fun little forums being policed about esoteric games or mods, and I think ads were mostly banner or on page (remember 1million pixel guy?) and not hyper-targeted as they are now

I agree here it is very impressive to be able to compute work scopes that were previously too expensive for optimization or just for discovery with new entrepreneurs.

Tim gets at the one use case k really care about in the ML/AI space: making fluid dynamics and process simulations so cheap I can run any dynamic model I want for pennies. Think of the optimization and frontiers possible.

You gonna call it propane?

Maybe I’m being too clever but to me (a pilot and engineer) there’s this sort of Societal Minsky Moment where we’ve had stability in certain sectors for so long we’ve become communally immune to imagining risk properly.