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And a large percentage of our kids wouldn't have wasted their youth, becoming overweight underactive social misfits as they grew through adolescence. The newspaper industry wouldnt have disintegrated, the music industry wouldnt be bankrupt,no porn epidemic,no craigslist killers. How many millions of worldwide jobs have been eliminated due to the advent of this lightning quick, soul stealing scourge?
And a large percentage of our kids wouldn't have wasted their youth, becoming overweight underactive social misfits as they grew through adolescence. The newspaper industry wouldnt have disintegrated, the music industry wouldnt be bankrupt,no porn epidemic,no craigslist killers. How many millions of worldwide jobs have been eliminated due to the advent of this lightning quick, soul stealing scourge?
Silicon Valley loses a few points in my book
I do agree with alot of what you are saying. The internet and computers have done alot to depersonalize society and cost alot of jobs in other areas like newspapers. However, there have been many jobs created in the computer and tech sectors to somewhat offset this. I agree that our youth is becoming less active and lazy although the internet and social networking are only part of it. TV culture is also a big part as well. I think we better get back on topic though
And a large percentage of our kids wouldn't have wasted their youth, becoming overweight underactive social misfits as they grew through adolescence. The newspaper industry wouldnt have disintegrated, the music industry wouldnt be bankrupt,no porn epidemic,no craigslist killers. How many millions of worldwide jobs have been eliminated due to the advent of this lightning quick, soul stealing scourge?
Silicon Valley loses a few points in my book
Porn is an epidemic? I thought it was more like a gift from heaven.
And yes, it's called "advances in technology". They often eliminate the need for older/more tedious ways of doing things. You could also say that without the invention of the lightbulb, the candle industry would still be huge and important.
TX has had a 50% shutdown of its N. gas rigs. Energy companies this earnings season have been the biggest disappointment of all sectors (so far). While TX is diverse, 19% of the GDP is energy based, and of that a majority is natural gas based. Energy are at decade high storage levels as demand continues to fall.
As for oil, Exxon executives believes for the US we have hit peak demand (historically) and will fall through 2030 and beyond. Of course they are bullish of China...
While energy services will be cyclical as always, as they are needed worldwide, actual TX production and its impact on economic growth is not very "bullish." Main reason I'm just investing in oil tanker transports atm.
Energy is what kept TX above the rest of the country last year. Without it being strong, it will be about equal with everyone else (state diversification means squat due to how broad based this recession has been). Some may point to the export market, but until the dollar begins to weaken considerably, that isn't going to be a boon (later it may).
I'm going to confess that Houston's importance also relies on Dallas. If the two cities were a single metroplex, then it would easily fit into the top five, and likely into the top two. That said, it's on for the race to number five or six. I stand by what I said about energy though, and its place on the political spectrum. And again, it's the management of the energy resources, not just the actual production, that pulls Houston (and begrudgingly Dallas) into such a position of prominence. Also, I firmly believe, and I think the future will bear this out, the next decade or two will bring Houston and Dallas unquestionably into the realm of elite tier one world cities, whether city-daters like it or not and regardless of their horrid sprawl.
Smart call on the oil tanker investment, by the way. It's doesn't yield high, but even if the boat gets turned away in the gulf, it'll get shipped somewhere, and the contents will get sold. It's nice to know you'll at least get some return on your investment. Even if it's not more than 100%, at least it won't bottom out like Wall Street.
I'm going to confess that Houston's importance also relies on Dallas. If the two cities were a single metroplex, then it would easily fit into the top five, and likely into the top two. That said, it's on for the race to number five or six. I stand by what I said about energy though, and its place on the political spectrum. And again, it's the management of the energy resources, not just the actual production, that pulls Houston (and begrudgingly Dallas) into such a position of prominence. Also, I firmly believe, and I think the future will bear this out, the next decade or two will bring Houston and Dallas unquestionably into the realm of elite tier one world cities, whether city-daters like it or not and regardless of their horrid sprawl.
Smart call on the oil tanker investment, by the way. It's doesn't yield high, but even if the boat gets turned away in the gulf, it'll get shipped somewhere, and the contents will get sold. It's nice to know you'll at least get some return on your investment. Even if it's not more than 100%, at least it won't bottom out like Wall Street.
I'm very comfortable with my yield with Nordic American Tanker.
I will agree with the management part for importance, as this thread dictates; however, while slightly off topic, I still believe energy is a huge liability for the overall economy in TX for the upcoming year.
Then again if you buy into the possible massive inflation in a few years, then the cycle will come back and TX (Houston) will have a bull running again. I however, think that is a risky bet for a variety of reasons.
TX has had a 50% shutdown of its N. gas rigs. Energy companies this earnings season have been the biggest disappointment of all sectors (so far). While TX is diverse, 19% of the GDP is energy based, and of that a majority is natural gas based. Energy are at decade high storage levels as demand continues to fall.
As for oil, Exxon executives believes for the US we have hit peak demand (historically) and will fall through 2030 and beyond. Of course they are bullish of China...
While energy services will be cyclical as always, as they are needed worldwide, actual TX production and its impact on economic growth is not very "bullish." Main reason I'm just investing in oil tanker transports atm.
Energy is what kept TX above the rest of the country last year. Without it being strong, it will be about equal with everyone else (state diversification means squat due to how broad based this recession has been). Some may point to the export market, but until the dollar begins to weaken considerably, that isn't going to be a boon (later it may).
19%? That's not to bad. That means 81% isn't relied on energy. That's pretty good IMHO. I may be wrong?
And a large percentage of our kids wouldn't have wasted their youth, becoming overweight underactive social misfits as they grew through adolescence. The newspaper industry wouldnt have disintegrated, the music industry wouldnt be bankrupt,no porn epidemic,no craigslist killers. How many millions of worldwide jobs have been eliminated due to the advent of this lightning quick, soul stealing scourge?
Why? Because our society should not accept new technology and improvements in our daily lives? I don't quite think we should stick with the old way of doing things when something new and better comes along...
^^^I agree. Alot of that new technology has brought us advancements in the medical field. Is saving lives a bad thing??
We're putting assassins out of work!!!
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