Down goes the Dow

Ghost of Igloi wrote:

Ghost of Igloi wrote:

I remember the Greenpeace hippies of another era trying to “save the whales.” These idiots are killing wales with one of the stupidest ideas of building offshore windmills. We’ll see how long they last under the corrosive sea breeze. That and the marxist ideas of imposing production controls, and production quotas. Not market driven. Commie stuff.

Today, even with government handouts it didn’t pencil out : “Global energy developers Equinor and BP on Wednesday announced they are canceling the contract for a massive wind project slated for construction off the coast of New York.

The two companies said they had reached an agreement with the New York State Energy Research and Development Authority (NYSERDA) to terminate the offshore wind renewable energy certificate for their Empire Wind 2 project. Equinor and BP explained that commercial conditions, namely inflation, interest rates and supply chain disruptions, prevented its contract for the project from remaining viable.”

Fact checker wrote:

Ghost of Igloi wrote:

Today, even with government handouts it didn’t pencil out : “Global energy developers Equinor and BP on Wednesday announced they are canceling the contract for a massive wind project slated for construction off the coast of New York.

The two companies said they had reached an agreement with the New York State Energy Research and Development Authority (NYSERDA) to terminate the offshore wind renewable energy certificate for their Empire Wind 2 project. Equinor and BP explained that commercial conditions, namely inflation, interest rates and supply chain disruptions, prevented its contract for the project from remaining viable.”

And now for the rest of the story…

"This agreement reflects changed economic circumstances on an industry-wide scale and repositions an already mature project to continue development in anticipation of new offtake opportunities," Equinor said in a statement on Wednesday, in an apparent reference to a new offshore wind solicitation launched by New York in November.
The solicitation allows companies to exit old contracts and re-offer projects at higher prices. The winners of an expedited solicitation for offshore wind will be announced in February.

Flagpole wrote:

Ghost of Igloi wrote:

That was from CNBC, not me. Anyway, I picture you living in a self-imposed Dave Ramsay monastery, pilled sweater for winter with socks filled with holes, jeans stained with last night’s chicken noodle soup, dimmed lights, fire of wood pallets burning in the background, rabbit ear TV, eating expired dated.generic canned peaches, gleefully counting your paper wealth. Thinking all the while, “but hey I am rich, let them eat cake.”

Since you must know...

1) Not a sweater guy. T-shirts ONLY 75% of the time and then a pullover (different from a sweater) on cold days over a t-shirt.

2) I wear shorts almost every day, even in the winter. I wear jeans only if going out in cold weather.

3) I am a bit of a neat freak and so would never wear stained clothes, certainly not from the day before.

4) I'm actually not a fan of fireplaces, and so my house doesn't have one.

5) I am very particular about the food I eat and how it is prepared which is the main reason I am a very good cook, and I would never knowingly eat expired food.

6) I DO get television over the air, but no rabbit ears. It's a square digital receiver. BUT, I don't do that to save money. I have and pay for 6 streaming services (Netflix, Max, Hulu, Disney+, ESPN+, and Amazon Prime Video). When the Olympics start, I will add Peacock to the list, and then depending on whether I like it or not, I may keep it or not. So, I have more than enough of that kind of entertainment available to me. I also have TIVO to record over-the-air stuff I want to watch later.

7) I don't wear socks with holes. When holes develop in socks, we ball them up and give them to our dog to play with because he loves that.

8) Your depiction of me living a boring spend-nothing life is typical of people who didn't save/invest enough to try to make yourself feel better. I spend money. I eat out at least once a week. I own three cars even though I don't need three cars. I vacation frequently...2-3 times a year I take at least a one week vacation somewhere. I have been in all of the states in the continental US and plan to get to Hawaii at some point. I have no burning desire to go to Alaska. My house is modern and updated. I own a lot of very expensive musical equipment. I don't need to own all of that, but I enjoy them all, so I do.

There you have it.

Flagpole wrote:

Ghost of Igloi wrote:

That was from CNBC, not me. Anyway, I picture you living in a self-imposed Dave Ramsay monastery, pilled sweater for winter with socks filled with holes, jeans stained with last night’s chicken noodle soup, dimmed lights, fire of wood pallets burning in the background, rabbit ear TV, eating expired dated.generic canned peaches, gleefully counting your paper wealth. Thinking all the while, “but hey I am rich, let them eat cake.”

Since you must know...

1) Not a sweater guy. T-shirts ONLY 75% of the time and then a pullover (different from a sweater) on cold days over a t-shirt.

2) I wear shorts almost every day, even in the winter. I wear jeans only if going out in cold weather.

3) I am a bit of a neat freak and so would never wear stained clothes, certainly not from the day before.

4) I'm actually not a fan of fireplaces, and so my house doesn't have one.

5) I am very particular about the food I eat and how it is prepared which is the main reason I am a very good cook, and I would never knowingly eat expired food.

6) I DO get television over the air, but no rabbit ears. It's a square digital receiver. BUT, I don't do that to save money. I have and pay for 6 streaming services (Netflix, Max, Hulu, Disney+, ESPN+, and Amazon Prime Video). When the Olympics start, I will add Peacock to the list, and then depending on whether I like it or not, I may keep it or not. So, I have more than enough of that kind of entertainment available to me. I also have TIVO to record over-the-air stuff I want to watch later.

7) I don't wear socks with holes. When holes develop in socks, we ball them up and give them to our dog to play with because he loves that.

8) Your depiction of me living a boring spend-nothing life is typical of people who didn't save/invest enough to try to make yourself feel better. I spend money. I eat out at least once a week. I own three cars even though I don't need three cars. I vacation frequently...2-3 times a year I take at least a one week vacation somewhere. I have been in all of the states in the continental US and plan to get to Hawaii at some point. I have no burning desire to go to Alaska. My house is modern and updated. I own a lot of very expensive musical equipment. I don't need to own all of that, but I enjoy them all, so I do.

There you have it.

Ghost of Igloi wrote:

Flagpole wrote:

Since you must know...

1) Not a sweater guy. T-shirts ONLY 75% of the time and then a pullover (different from a sweater) on cold days over a t-shirt.

2) I wear shorts almost every day, even in the winter. I wear jeans only if going out in cold weather.

3) I am a bit of a neat freak and so would never wear stained clothes, certainly not from the day before.

4) I'm actually not a fan of fireplaces, and so my house doesn't have one.

5) I am very particular about the food I eat and how it is prepared which is the main reason I am a very good cook, and I would never knowingly eat expired food.

6) I DO get television over the air, but no rabbit ears. It's a square digital receiver. BUT, I don't do that to save money. I have and pay for 6 streaming services (Netflix, Max, Hulu, Disney+, ESPN+, and Amazon Prime Video). When the Olympics start, I will add Peacock to the list, and then depending on whether I like it or not, I may keep it or not. So, I have more than enough of that kind of entertainment available to me. I also have TIVO to record over-the-air stuff I want to watch later.

7) I don't wear socks with holes. When holes develop in socks, we ball them up and give them to our dog to play with because he loves that.

8) Your depiction of me living a boring spend-nothing life is typical of people who didn't save/invest enough to try to make yourself feel better. I spend money. I eat out at least once a week. I own three cars even though I don't need three cars. I vacation frequently...2-3 times a year I take at least a one week vacation somewhere. I have been in all of the states in the continental US and plan to get to Hawaii at some point. I have no burning desire to go to Alaska. My house is modern and updated. I own a lot of very expensive musical equipment. I don't need to own all of that, but I enjoy them all, so I do.

There you have it.

If you go to Hawaii, visit Lanai well worth the expense.