@muddywatersre Point 2 doesn’t really make sense because the next generation will have to pay those costs without that asset base, seems like you are combining two separate effects.
@whirlybard@Big_Orrin Yeah, I think the important thing to note is that the decline rate on the new fields particularly shale is higher than the traditional fields and so you have to incrementally replace more per year
@InezFeltscher Come on, it's not like being critical of ignorance should be based exclusively on the practical utility of that knowledge, by that metric American's not knowing their own history would be fine. That is like the kid in school who says how does this even matter bro
@softwarnet@BaldingsWorld Tbf, when the financial system is set up in the Chinese way then top down intervention makes more sense than in a pure market economy
@BabyAnteaterInc It’s not 1 to 1 though right, I trade options professionally, and you can’t really express a view on volatility with CFDs, not that retail generally know how to price volatility
@lasse108 I mean, a lot of credit card users have worse creditworthiness than Corporates whose Bond Yields are 10%+. I feel a limit is reasonable, but 10% is too low?