American Economics Thread

gelgoog

Lieutenant General
Registered Member
The SWE market is cyclical. There was a huge amount of demand for online services during the lockdowns which meant a lot of work for IT staff and Software Engineers. Right now the market is in a major slump because with the end of the lockdowns all those jobs aren't as necessary anymore. Twitter was one of the first larger companies to start the mass layoffs.

But there should still be growth areas if you can get into them. Automotive work is one.
 

SlothmanAllen

Junior Member
Registered Member
Found this article of the boom in US Energy Exports interesting:

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Some interesting quotes:

Since 2022, the bulk of US LNG exports have gone to Europe in the wake of Russia’s invasion of Ukraine and Putin’s cutoff of key natural gas supplies. In Q3 of this year, American LNG made up
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, though overall LNG imports haven’t been able to make up for the loss of Russian supplies. Still, it has put significant downward pressure on natural gas prices both
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and
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.

These record US LNG export flows are expected to continue growing over the next several years—
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. Plus another 18.26 Bcf/d of export capacity, 130% of current levels, is currently undergoing various federal permitting processes, and
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.
 

gelgoog

Lieutenant General
Registered Member
There is just one problem. Carrying natural gas with ships in LNG form will always be more expensive than pipeline gas. It costs much less energy to compress gas than to liquefy it. And that is before you have to spend fuel propelling that ship. Economies which rely heavily on LNG like Japan are typically not competitive in the world market. The EU exacerbates the issues by relying on "market pricing" for natural gas instead of relying on long term orders and much more stable pricing. At least Japan doesn't do this market pricing nonsense. They have long term gas deals with Qatar and pretty much guaranteed supply. The EU still seems to think natural gas imports are transitory since they will all go into renewables eventually. But if you read on the subject you would realize that this is highly unlikely to happen without some revolutionary improvement in energy storage technology.

I suppose it is a nice business for US oil & gas companies. But now that the US has sabotaged a Russian pipeline I doubt the same thing won't happen to them. The problems with the Colonial Pipeline hack some time ago are probably just the start.
 
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zbb

Junior Member
Registered Member
Found this article of the boom in US Energy Exports interesting:

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Some interesting quotes:
Since 2022, the bulk of US LNG exports have gone to Europe in the wake of Russia’s invasion of Ukraine and Putin’s cutoff of key natural gas supplies.

Putin's cutoff of key natural gas supplies? Gaslighting in an article about natural gas supplies...
 

gelgoog

Lieutenant General
Registered Member
Putin's cutoff of key natural gas supplies? Gaslighting in an article about natural gas supplies...
It was all self-inflicted really. They did not grant permission to operate Nord Stream 2. They stopped providing machine parts and mechanical maintenance services to Russia. Which meant the German Siemens gas turbines that pump the gas in the Nord Stream pipeline stopped working and the flow in the pipeline had to be cut. Then the "allies" on the other side of the pond blew up the Nord Stream 1/2 pipelines. Germany nationalized Gazprom's gas storage facilities in Germany. So Gazprom stopped providing natural gas to that specific gas storage facility. Poland nationalized Gazprom property including the Yamal pipeline. So Gazprom stopped selling gas through that pipeline. Ukraine cut the gas flow from Russia to the EU via Ukraine by half, claiming that area was in conflict, and soon might cut it all out altogether as contracts expire.

Whoever was buying gas from the TurkStream is still buying it just fine. Until that also gets sabotaged somehow. And LNG sales from Russia to the EU are still not sanctioned and happening.

In the meantime US and Qatari LNG production is expected to expand in two years. Some people think that will solve the shortage. But I kind of doubt it since there simply aren't enough ships to move all that LNG in service. And even if all the infrastructure is built, maybe around 2030, it will still not be price competitive with other forms of energy. At that time Power of Siberia 2 and Arctic LNG 2 will also likely be online. Which means China will have much cheaper natural gas than the EU.

Some countries in the EU also have programs to build small modular nuclear power plants. A lot of those projects are supposed to be done by US companies. But when you examine their progress closely, you realize that the whole thing is smoke, mirrors, and vaporware. None of those small modular nuclear power plants has ever been operational anywhere.
 
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siegecrossbow

General
Staff member
Super Moderator
The SWE market is cyclical. There was a huge amount of demand for online services during the lockdowns which meant a lot of work for IT staff and Software Engineers. Right now the market is in a major slump because with the end of the lockdowns all those jobs aren't as necessary anymore. Twitter was one of the first larger companies to start the mass layoffs.

But there should still be growth areas if you can get into them. Automotive work is one.

Not like this. Never oversaturated to the same degree as now. Maybe dot com bubble bust is close but I am no where old enough to have experienced it. Many of my colleagues said that it wasn’t as bad even in 2007/2008 because there weren’t as many programmers back then.
 

AndrewS

Brigadier
Registered Member
The EU still seems to think natural gas imports are transitory since they will all go into renewables eventually. But if you read on the subject you would realize that this is highly unlikely to happen without some revolutionary improvement in energy storage technology.

There doesn't need to be a revolution in energy storage technology.

If the entire vehicle fleet becomes electric in the US/Europe/China/etc , a napkin calculation indicates these vehicles have more than enough spare battery capacity for an entire day of usage.
 

martinwagner

Junior Member
Registered Member
Learn to mine coal?

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As much as I'm annoyed by all the idiots touting "learn to code" to all of the laid off saps, its even more annoying to see all the youtube shysters who push their "I learned to code in 6 months and is now making $100k" channels. One look at their background and its obvious that they're usually failed Jr devs who couldn't code their way out of a wet paper bag without serious supervision but now are considered authorities in the field LOL. The only people more pathetic than them are their masses of braindead followers.
 

GZDRefugee

Junior Member
Registered Member
As much as I'm annoyed by all the idiots touting "learn to code" to all of the laid off saps, its even more annoying to see all the youtube shysters who push their "I learned to code in 6 months and is now making $100k" channels. One look at their background and its obvious that they're usually failed Jr devs who couldn't code their way out of a wet paper bag without serious supervision but now are considered authorities in the field LOL. The only people more pathetic than them are their masses of braindead followers.
 
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