What about Lenovo
American Economics Thread
- Thread starter Bernard
- Start date
supercat
Major
We should never waste food, whether we are in China or the U.S.
This is not surprising, considering how many companies are using inflation to hike up prices.
This is not surprising, considering how many companies are using inflation to hike up prices.
PiSigma
"the engineer"
I can never understand a windfall tax. Banks make windfall profits every year, but never gets taxed. Oil companies follow the oil price, so the American government fight a new war in ME or sanction Russia, so of course oil price will go up. My company just had the best 2 quarters on record thanks to Russia, and this summer was major turnaround quarter. Next year's bonus is going to be sweet!
But you don't see us asking for major bailout like airline companies when oil hits negative 2 years ago.
Oil companies also took on a ton of debt during covid, so a lot of the windfall goes to paying that off too.
PiSigma
"the engineer"
These government ran by lawyers and bankers knows nothing about oil production. They think literally oil companies can turn a valve and oil flows out. It literally takes 5-10 years for new wells to go online from initial development to end of construction.
And guess what, exactly $0 was used from 2014 to 2021 for new well development globally. Where that oil going to come from?
It doesn't matter for them. It is all about publicity.
Although a few countries do have spare capacity to pump more oil. China can increase coal production 15-20% more within a year. Gas is more logistic problem than production problem.
Oof this one hits hard.
The fashion is on point, though I think most men don't even have the money to buy chukka boots these days.
supercat
Major
The same lesson applies to China: rampant wealth disparity will make the country an oligarchy.
Lawyers and bankers are being instructed by the big corpos like oil companies. A simple trick is to keep Venezuela, Iran, Syria, Libya out of the market to keep the prices up. Do you believe that anything has to do about freedom and democracy? It's about "give me your oil for free or you will be blocked out of everything". The oil market is overmanipulated both from USA-EU and OPEC. No need of new wells or else