kevinthew

Right -- this is pretty clear cut fraud.

I think the normalization of criminal activity in the crypto space is largely due to regulatory ignorance but when there are clear cut cases of fraud, the SEC should aggressively prosecute these crooks.

Not sure when long form shitposting became acceptable but no one wants to read this tripe

There is data on the Kia/Hyundai problem that is unique to these makes because they cut corners on safety features that are standard across industry -- I don't know why your anecdote of people getting carjacked is relevant at all?

This sounds exactly like the LIBOR rigging scam, various commodity market scandals. People rightfully go to jail for this stuff -- meanwhile we see the big tech companies bid rig

Diesel demand comes from shipping goods primarily. How do we replace the 4 million trucks on the road quickly? How do we get rid of container ship emissions? How do we solve backup generation problem? Go look at what's happening in South America right now because of low water levels -- lots of diesel generation.

We need to wean off fossil fuels but governments need to subsidize and support alternatives which they are doing bare minimum today.

Great summary and analysis. The context on the cracker shutdowns in February makes it all the more clear. This processing bottleneck has been playing out across the commodities sphere as the 2nd order impacts from COVID play out.

You're right for some oil but there isn't enough rail infrastructure to enable Canadian crude growth without pipelines. Discounting WCS crude diffs to WTI will price out most long term production growth without offsetting higher crude flat price. Demand for oil isn't perfectly inelastic, so higher flat price enables more fuel switching (e.g. electric).

This is exactly what Tesoro did a couple years ago. They sold their entire asset mix to Marathon, probably why they want Goff on the board.

The 2 who were elected were a former Tesoro executive (oil refiner) and a Neste (another oil refiner) busdev person who helped develop their industry leading biofuels business. You can see why a vanguard or Blackrock would sign up for that as they actually make sense for an oil company. Really, we should be asking who the heck the other, existing board members are and why were either of these picks were controversial to management?

This is probably illegal via antitrust law -- it's inherently anticompetitive -- and just hasn't been tested. Another example of Amazon being an unethical company.

Yeah. The part that should freak people out is this looks multiples more infectious to boot.

That's basically matched to inflation - would be more surprised if unchanged

Not sure if serious but he's an accounting major. Guessing he has it covered.

Competing ideas are good but mass public disinformation is one the 21rst century's biggest problems already. There needs to be some counter to this.

Gold has embedded demand via governments, a global jewelry industry, and yes industrial demand. Bitcoin demand is speculators (mostly) and a handful of people who use it as a transactional value store. Comparing the two is a waste of time - they are nothing alike - but ignoring that the supply and demand picture for gold is way more stable -- global demand for gold does not halve over a few months, which is likely what drove the price shock with Bitcoins.