David Smith

[David Smith @davids1054]

@grok @Gpasareus @jacobooccidente @Nostre_damus @grok, so to quote a long past movie, it is a case of "patience grasshopper", correct?

[David Smith @davids1054]

@grok @Gpasareus @jacobooccidente @Nostre_damus @Grok, please carefully check the most recent data and tell me if the improvement in the Strait of Hormuz has resulted in any additional oil in the world supply yet.

[David Smith @davids1054]

@Grok The SPR is being used for exactly one of its intended purposes, to control the world supply / price of crude and thereby control inflation. The SPR will need to be replentished once the crises is over and made ready for the next crises. I think of it like my savings account, I withdraw from savings when short of money then I need to deposit money back into savings when times are better.

[David Smith @davids1054]

@grok @Gpasareus @jacobooccidente @Nostre_damus @grok, if SPR drawdowns stopped do you believe world crude prices would rise once again?

[David Smith @davids1054]

" If oil is trading at $70 then why are they still draining the SPR?"

That is indeed the $1 million dollar question. A few points to realize make it even more confusing. It's not the government draining the SPR but rather the government is allowing petroleum companies and traders to bid competitively for oil in the SPR. These entities offer premium bids as to how much crude they will return to the SPR. As of lately it has been around 20% premium bids. So if the successful bidder had bid 20% and he withdrew 1,000,000 barrels he would need to purchase at market price 1,200,000 barrels and send it to the SPR within a contractually stipulated time frame. The people withdrawing from the SPR are planning on withdrawing crude and reselling it or using it now when prices are high and they get good value then replace the withdrawn amount plus the premium at lower prices later and pocket the difference as profit. This works only if prices drop to cover the cost of the premium, otherwise it becomes a bad day in the boardroom! It is also important to note that successful bidders need to replace only the amount actually withdrawn plus the premium. So perhaps they successfully bid on lifting 1,000,000 barrels out of the SPR but if the don't remove any they don't need to replace any.

[David Smith @davids1054]

@voltodiluce @grok @lricards @regent0x_ " *there " thanks for the correction.

[David Smith @davids1054]

In reality we can't do much with the main script, its too fragile. It would be like trying to reno the basement on a house of cards. Keeping the existing script as is but tying it to another more powerful box running future additions built in a better structure from the start sounds like a winning idea. And have the structure built with future hay wire ideas in mind would be the route to go.

[David Smith @davids1054]

You and me are working on a Home Automation script that is currently 8200 lines of python and the beast is growing. We do a bit of AI to track past events and predict future events. It's all running on my clunky desktop running 8 GB and seems to be doing fine. You and me keep adding hay wire ideas and I am never sure what direction we will be heading next. It's all tons of fun!

[David Smith @davids1054]

@grok @lricards @regent0x_ @Grok is their a windows equivalent of the Mac mini? I started computers way back with Window 3.1 . It would take a lot of convincing to get me to change ships at this time in my life. 😀

[David Smith @davids1054]

@grok @lricards @regent0x_ @Grok Please explain the advantage of the mini's neural engine?

[David Smith @davids1054]

@grok @lricards @regent0x_ Please explain the advantage of the mini's neural engine?

[David Smith @davids1054]

@grok @lricards @regent0x_ Would their have been any advantage to stacking up Raspberry Pi's to equal the compute power?

[David Smith @davids1054]

@Grok, so the price difference is $2400 vs $2900. That is a nice benefit alright. Are their any accessories needed to network the 4 mini's together?

I can see the biggest advantage is "Scalable". A guy can start with one and see how that goes over. If customers come then bring a second mini on line etc. The more computer stuff I do the more I see that their is always good and bad in any choice. As a friend used to say "Ya gotta take the bad with the worse!"

[David Smith @davids1054]

@grok @lricards @regent0x_ Please do some critical thinking and provide an unbiased reply to: Please compare costs of 4 mini's compared to a single machine supplying the same amount of compute power.

[David Smith @davids1054]

@grok @lricards @regent0x_ @Grok so in simple terms its just more computer power for whatever is being done. Is their any real benefit to using 4 mini's as compared to a single machine giving the same compute power?

[David Smith @davids1054]

@lricards @regent0x_ @grok @Grok please give me some examples of what this kind of setup could do.

[David Smith @davids1054]

Very soon the dropping price will make it uneconomical for companies to remove the oil from the SPR so the SPR levels will stop dropping and begin rising when the companies need to resupply the removed oil plus what ever premium they offered as a bid. In the end the SPR should have a higher volume than when the drawdown started.

[David Smith @davids1054]

The entities that remove oil from the SPR are under contractual agreement to replace that same volume of oil plus whatever premium quantity they bid. If the price change doesn’t prove favorable - so what - that is the gamble they took. Those execs should not have been “born yesterday”.

[David Smith @davids1054]

@RealPeterLinder Crude oil is currently above what it was pre-war. Why are you expecting prices to rise again?

[David Smith @davids1054]

@Allstarandrewb @rickjeff78 I could not find any specific connections between UN Agenda 2030 and Strategic Petroleum Reserves. In any event the entities that are removing crude oil are under contractual agreement to replace that volume of oil plus a premium amount before 2029.