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Page added on March 9, 2016
World will need big oil
There are those who will tell you that this is a bad time to be running a big oil company. John Watson, chief executive of Chevron, is not among them. “Arguably, we’ve never been more advantaged than right now,” he says.
Of course, he acknowledges, times are tough for everyone in the oil industry because of the plunge in prices for crude and natural gas since the summer of 2014.
Compared to his competitors, though — whether the smaller independent oil producers in the US or the big national oil companies in emerging economies — Chevron is better placed to ride out the downturn and benefit from the upturn when it comes, he believes.
Critics of Chevron and the other big international oil companies suggest their business model is under threat, trapped in a pincer movement between the leaner and more agile shale operators, and curbs on demand for oil and gas imposed by government policies to reduce the threat of climate change.
In an interview with the Financial Times, Mr Watson, a 36-year Chevron veteran, rejects that critique. “I expect [Chevron] to be a viable and vibrant business for a long time,” he says. “There is still a good connection between economic growth, prosperity and consumption of energy. And we’re going to need all forms of energy.”
With oil at $52 per barrel, which was the average price of Brent crude last year, Chevron does not look like a business with a great long-term future.
Its return on capital employed last year was just 2.5 per cent, and its cash outflows including capital spending and dividends exceeded its cash from operations by $22.5bn. Over the past five years, the company’s shares have significantly underperformed the S&P 500, reflecting a squeeze on profitability that began even before the slump in oil prices.
Mr Watson, however, argues that the factors that determine Chevron’s financial position will “come together pretty nicely for us over the next year or so”.
Between 2009 and 2012, Chevron embarked on an extraordinary investment binge, committing to a wave of very large projects. At its peak in 2014, its capital and exploration spending exceeded that of its rival ExxonMobil, even though Exxon’s market capitalisation was more than 80 per cent greater.
Chevron CEO John Watson
Now Chevron’s large projects are reaching completion. Gorgon, the $54bn liquefied natural gas development in Australia that is the largest of them all, is expected to ship its first cargo next week.
Others, including Wheatstone, another big LNG plant in Australia, and Big Foot, a deep water oil development in the Gulf of Mexico that was delayed by equipment failure, are coming on stream over the next couple of years.
As a result, Chevron’s oil and gas production is expected to grow by 13 per cent between 2015 and 2017, and continue increasing by about 1 per cent per year after that. Exxon’s production, by contrast, is expected to be roughly flat out to the end of the decade.
“As we finish those projects that are under construction, our capital spending will come down, and we get the added benefit that as those projects are coming on line, we will generate more cash,” says Mr Watson.
Due to cost-cutting, with 7,000 jobs going during 2015 and 2016, and the completion of those large projects, Chevron expects to be able to cover its capital spending and its dividend payments from its cash flows next year if oil is again at $52.
If oil is lower than that — Brent crude is this week trading at about $40 per barrel — then Mr Watson is prepared to keep borrowing to pay the dividend, because its shareholder base values the “predictability” of the payout.
Part of the price of that is Chevron has put the brakes on new projects. The company did not give the go-ahead to any large developments in 2015, and this year expects to approve just one: an investment to increase production at the huge Tengiz oilfield in Kazakhstan.
Instead, Chevron will focus on much smaller investments, such as additional wells to boost production at existing projects, and development of its own shale oil reserves in the Midland and Delaware basins of west Texas.
Chevron has an excellent position there: it calculates that it could drill 1,300 wells that would be financially attractive even with oil prices below $40, and it plans for production in west Texas to double by 2020, and possibly rise even faster.
Big projects, however, are the raison d’être of large oil companies, which are the only businesses with the financial strength and technical expertise to develop them.
In shale, the big international oil companies were slow to see the opportunity, and have lagged behind their smaller rivals in efficiency. Chevron says it is catching up, but if the future of the oil industry lies in shale, then the big companies seem to have no decisive competitive edge.
However, Mr Watson argues that the hold-up in large projects is just a temporary hiatus. In the short run, the global oil market is oversupplied, and may remain so for a while, because of factors including the resilience of US shale and production from Iran coming on to world markets after the lifting of sanctions.
Oil majors’ business model under increasing pressure
BP, Chevron and Exxon walk a fine line between paying dividends and investing in operations
By the 2020s, he argues that big capital projects will be needed again. Shale can provide additional supply to meet rising demand for oil for a few years, but not forever.
“Shale is roughly 5 per cent of world supply,” he says. “As you think forward . . . Shale will be insufficient to meet that demand. We will need other classes of assets.”
While times may be hard for Chevron as it waits for that upturn, he adds, others have it even worse.
“We don’t have the stresses and strains that the independents have with stressed balance sheets,” says Mr Watson. “We don’t have the stresses that national oil companies have, where they’re trying to choose between reinvesting in the business at low prices [and] trying to feed their people and meet the social obligations that they have.
“At any kind of moderate prices, we’ll be growing production through the end of the decade, with good investments going forward. Others may not have that opportunity.”
37 Comments on "World will need big oil"
Apneaman on Wed, 9th Mar 2016 7:54 pm
Big oil can suck my cock. So can medium and little oil too.
Oh look, yet another gift to the merican public from the nations rockmen.
More than 700,000 gallons of oil wastewater spilled in Grant County
“As much as 750-thousand gallons of oil wastewater spilled in near Medford.
NewsChannel 4 spoke with people living in Grant County who said they are going to start using bottled water until it’s cleared up, fearful of a massive oil wastewater spill.
“The salt water will ruin our water, our agriculture in this area,” a Grant County resident said.”
http://kfor.com/2016/03/08/more-than-700000-gallons-of-oil-waste-water-spilled-in-grant-county/
onlooker on Wed, 9th Mar 2016 8:11 pm
Yes of course we need Big Oil because we want to have the dubious distinction of making Earth like Venus with a runaway heating climate that will burn the oceans dry. Then if other sentient beings exist they can tell their children cautionary tales about how those stupid people on Earth made their planet pretty much uninhabitable. All children in the Universe need a good fairly tale of good and evil to put them to sleep haha.
makati1 on Wed, 9th Mar 2016 9:18 pm
Propaganda for Big Petro, nothing more. The world can exist without oil. It did for all of it’s existence. It is only the human addiction to it that makes it important. About like and addict claiming that the world could not get along without heroin. Let it all collapse tomorrow and get it over with. Adjust!
Nony on Wed, 9th Mar 2016 10:28 pm
Please tell us again Apneaman how you live in a teepee made of animal skins and hunt and grow all your own food with wooden and stone tools. You’re a cancer monkey like everyone else you moron. Suck your own dick and give yourself a rimjob while you’re at it.
Nony on Wed, 9th Mar 2016 10:48 pm
By the way, that was really me. I wrote that.
GregT on Thu, 10th Mar 2016 1:49 am
“There is still a good connection between economic growth, prosperity and consumption of energy.”
Who writes this crap? Without the consumption of energy, there cannot be economic growth, and prosperity is just a fancy way of saying that one has more energy at their disposal, than one needs.
Of course there is a connection. Always has been, and always will be. There will also be a connection between a decline in growth, a reduction in prosperity, and less consumption of energy.
theedrich on Thu, 10th Mar 2016 4:23 am
How few grasp fate! On the one hand we find man-apes and blathering idiots from Canuckland cursing the Big Oil branch that they themselves are sitting on; and other the other, we see masses of brainless college youths screaming for “renewables” to allow them to live cushy lives. Simultaneously, clouds of ThirdWorld parasites are descending on White countries in order to “have better lives” dependent on — you guessed it — Big Oil.
Politics is meanwhile utterly divorced from the obvious predicament closing in on the West. The elites remain transfixed by an ancient myth about an “original sin” (now defined as “racism”) that requires expiation by Whites, while the dominant religion makes it impossible to deal effectively with the ingrown insanity called “compassion.”
Ah, but our demigods see a bright spot on the horizon, a light at the end of the tunnel: it is called drones. Together with ever-improving weaponization of near-earth space, the regime will soon be able to obliterate all nasties on the planet, wherever they show up. After the Elect have attained total global control, we proles can enjoy dreams of unicorn energy as the remnant of White civilization reverts to oil-free, organic jungle living.
Davy on Thu, 10th Mar 2016 6:06 am
“LMfockingAO”
“China Proposes Unprecedented Nationalization Of Insolvent Companies: Banks Will Equitize Non-Performing Loans”
http://www.zerohedge.com/news/2016-03-10/china-proposes-unprecedented-nationalization-insolvent-companies-banks-will-equitize
“neutron bomb” in the heart of China’s impaired financial system is the trillions – officially at $614 billion but realistically anywhere between 8% and 20% of China’s total $35 trillion in bank assets – in non-performing loans. It is the unknown treatment of these NPLs that has been the greatest threat to China’s just as vast deposit base amounting to well over $20 trillion”
“China’s central bank is preparing regulations that would allow commercial banks to swap non-performing loans of companies for stakes in those firms…..According to Reuters, the move would represent, “on paper, a way for indebted corporates to reduce their leverage, reducing the cost of servicing debt and making them more worthy of fresh credit.”
“As Reuters correctly noted, by equitizing trillions in bad loans, it frees up the corporate balance sheets to layer on fresh trillions in bad debt, the same debt that pushed these zombie companies into insolvency to begin with. What this grand equitization does not do, is make the underlying business any more profitable or viable: after all the loans are bad because the companies no longer can generate even the required cash interest payment – as a result of China’s unprecedented excess capacity and low commodity prices which prevent corporate viability. It has little to do with their current balance sheet. That, however, is irrelevant to the PBOC which is hoping that by taking this step it can magically eliminate trilliions in NPL from commercial bank balance sheets in what is not only the biggest equitization in history, but also the biggest diversion since David Copperfield made the statue of liberty disappear”
alain le gargasson on Thu, 10th Mar 2016 6:15 am
the best apresentation the relationship between energy and the economy in French
https://www.youtube.com/watch?v=o7805tvS9hc
rockman on Thu, 10th Mar 2016 6:29 am
Nony – You need to be more tolerant of the folks who lash out at fossil fuels. They are just frustrated with their guilt for being part of the problem instead of part of the solution. Granted individually just a tiny part but collectively they are members of the community (ff consumers) who are directly responsible for the vast majority of climate change. After all every negative post we read about ff here was delivered with some consumption of ff somewhere along the communication lines.
shortonoil on Thu, 10th Mar 2016 8:00 am
“Mr Watson, a 36-year Chevron veteran, rejects that critique. “I expect [Chevron] to be a viable and vibrant business for a long time,” he says. “There is still a good connection between economic growth, prosperity and consumption of energy. And we’re going to need all forms of energy.””
Is it really true that the head of a major oil company can not tell the difference between Gross energy, and the energy that they can deliver to society? Tony Hayward, who was once CEO of BP, said, “everyone knows oil floats”! That was after the Deep Horizon disaster, and millions of gallons sunk to the bottom of the Gulf! Of course Tony was a petrol-geologist, so his oversight was understandable?
Also, Tony’s situation was a one time event; it is just not that common for someone to drop a $1 billion drilling rig into 3,000 feet of water. It just doesn’t happen every day! Chevron on the other hand spends each and every day expending huge amounts of energy to squeeze some fossilized bug juice out of a rock. After 36 years Mr. Watson should have gotten around to adding up just how much of it they do expend. The intellectual curiosity of a frog would have taken him that far?
Assuming that his amphibian brain stem propelled him that far he would have deduced that Chevron was expending more than they were supplying. Of course even to a frog (that is using a fly metric) that does not work out very well. Chevron, and probably every other oil producer in the world was in frog poo up to their ears. It was pretty apparent that Chevron was going to have a hard time convincing everyone to keep giving them a $10 for every $9 that they gave back. To make sure that his Golden Parachute arrived in time Mr. Watson came up with a plan. All he had to do was to make sure that Chevron made it while everyone else didn’t.
In today’s world of big business, and big oil the way to do that is to play golf! The guy that can play the most golf with as many banker as possible gets the money to make up for the $1 that no one else wants to give them. You take a bunch of bankers out onto the fairway, tell them how wonderful the oil business is, and lose by one stroke! Piles and piles of cash appear.
Chevron is now as happy as a frog in a swamp. Flies with $ bills etched on their wings are buzzing around everywhere.
“Mr Watson, however, argues that the factors that determine Chevron’s financial position will “come together pretty nicely for us over the next year or so”.”
What he is saying is that his golden parachute will have arrived just before the world figures out that you can’t squeeze that extra $1 out of a rock – anymore!
http://www.thehillsgroup.org/
IFuckYouOver on Thu, 10th Mar 2016 8:15 am
Thanks for the link alain le gargasson.
I will looking for this kind of stuff.
Practicalmaina on Thu, 10th Mar 2016 9:37 am
Nony, you know you can build a carbon neutral house right? It is pretty tough in some parts of the US because certain building codes discourage alternative building methods. Straw bales and post in beam is a good way to have super insulation and sequester carbon into the building.
I love it when people shit on renewables. I am from the northeast where the industrial age was born in this county using renewable hydro power. You can go on any back road in my state and see unused dams made of hand split granite on small rivers that are older than the petroleum age. Using these small installations alone would be enough to provide some of the most basic needs for bear bones society.
Nony on Thu, 10th Mar 2016 9:49 am
Straw bales and beams are carbon neutral now? Where’d you get your straw bales from, the 16th century? Maybe you bought them from Charles Ingalls (Little House on the Prairie) and he delivered them to you on the back of his wagon. Maybe your beams were cut down by Paul Bunyan and delivered with his oxen? Hydro power, you running a grain mill?! If you’re running copper wire it’s not renewable. Dream on dreamer. Oil goes and you go. Renewabales don’t exist. It’s a BS PR word.
Apneaman on Thu, 10th Mar 2016 9:56 am
rockman, who’s the one trying to avoid the guilt?
I dunno maybe those who have some deep seated psychological need to refer to themselves in the third person as a means of distancing themselves from their crimes?
No no no, it wasn’t me who dunnit it was “The Rockman”.
Tell yourself.
https://www.youtube.com/watch?v=Apa0nG1OfUc
shortonoil on Thu, 10th Mar 2016 10:06 am
“I am from the northeast where the industrial age was born in this county using renewable hydro power. You can go on any back road in my state and see unused dams made of hand split granite on small rivers that are older than the petroleum age.”
Try using one of those dams; you’ll have the EPA and the Sheriff there in a day to shut you down. The water rights to almost every year round flowing stream in New England was sold to the power industry almost a hundred years ago. Tom Carr of Burlington Power showed in the 1970’s that the Winooski River dam could power all of Chittenden county Vermont. The water rights are owned by Green Mountain Power and they are not selling. Burlington Power had to build their wood fired plant instead to get away from coal.
That same story has taken place all across New England. New England has a tremendous endowment of hydro potential, but the owners of it would rather have you buy the power from the likes of Vermont Yankee. The potential for hydro is there, but it is not going to be used until the power monopoly that has arisen across the US is broken. That is not going to happen as long as that monopoly owns the government, and they do!
Practicalmaina on Thu, 10th Mar 2016 10:26 am
That is true short, only if you tell them though. 🙂 micro hydro is hard to detect, and if it is on my property and doesn’t effect the stream in a negative way down flow than its no one’s buisness but my own. I know people who are in the waterway management bizz and they said it is possible to get stuff approved but the way to do it just do it and not get caught. Hopefully they cut the fossil fuel funding for those nosey fuckers. 🙂
Practicalmaina on Thu, 10th Mar 2016 11:21 am
Nony because there isn’t spar copper anywhere? You know how much copper is one broadcast tower that will no longer be in use. Or a car or an empty buisness. You can also use the hydro for compressed air or use the power at the source. There must be millions of tons of copper in the current grid. Straw can be grown locally, it is not a fucking kiwi, lumber can be cut and milled.at the location with hand tools. These building materials are carbon negative if you utilize them without fossil fuels btw.
Ps, there are Amish in my state who run horse powered hay equippment. My girlfriend was actually raised on a farm that used animal power for harvesting.
I feel like your imposter would understand better…
Practicalmaina on Thu, 10th Mar 2016 11:28 am
Move to an area where an agricultural fair is a big deal, if your not there you are probably going to be screwed.
What do we use fuel for today? Bullshit, flying rich people around, commuting to consumer jobs that don’t benefit anyone other than TPTB with our tax dollars and consumption. Growing mono crops soaked in poison to feed some sick cows to feed some sick people. Tanks bombers massive shpiping of useless shit. What do we need fuel for, limited shipping and transportation of vital needs, some industrial ag, probably desalination even though solar can be utilized. Mainly to build a less fossil fuel dependent future. Eg lighteight rail, and smaller lower maintenance roads designed for bycycles or much smaller vehicles.
No! Don’t change the awesome current state of things on me! The bees might fucking survive.
Practicalmaina on Thu, 10th Mar 2016 12:09 pm
Plus what the hell is wrong with running a grain mill, it is vital in fact, that’s why we had those before the vibrating sex doll you are concerned renewables won’t be able to run on maximum overdrive.
rockman on Thu, 10th Mar 2016 12:57 pm
“rockman, who’s the one trying to avoid the guilt?” That should be obvious: the group that DIRECTLY CREATES the vast majority of GHG: the fossil fuel consumers. And as best as I can tell everyone on those site is a member of that group to some degree.
Not to put words in your mouth but you seem to be implying that you feel no guilt about the amount of GHG you personally create…right? If so I would think that would put you into the minority of the folks on this site.
Apneaman on Thu, 10th Mar 2016 1:17 pm
That’s right, I no longer care and although I bet I’m the lowest emitter (around here) or close, it does not matter anymore. I have disowned humanity/apes and am no longer emotionally attached to their future – just entertained. Maybe I’m a little sad for the youngins in my family, but I’m resigned to their pain and suffering. Cannot be avoided by anyone now no matter how rich or powerful. Apes is going bye bye before this century is out and getting there is going to be painful.
How about some recent AGW consequences in stunning HD for the high tech generation?
Sky Pixel LA – Golden Meadows Flooding
https://www.youtube.com/watch?v=KIiD40zJmLk
bug on Thu, 10th Mar 2016 1:50 pm
Great post practical, when you boil it down, as you explain, fuel for what?
Jetskis, speedboats, flights to some shit resort? Or drive to Target to buy Chinese crap that came on a containership?
Same with Apes post, I am later in years and could give a shit, same with the flunkys running for office and our consumer based moron culture. To me it is all like a episode of a bad tv show.
Apneaman on Thu, 10th Mar 2016 2:11 pm
bug, check out this insane bit.
Investors in Miami Are Buying Up Land at Higher Elevations
As developers prepare for sea-level rise, low-income residents face displacement.
“There is nothing Miami can do to stop this. Even if global emissions dropped dramatically today, the city would still be locked in for 15 feet of sea-level rise over the next 200 years, says Jeff Onsted, an associate professor at Florida International University’s Sea Level Solutions Center. The rising water won’t be produced by a single weather event, but will gradually become a part of residents’ lives. And while major cities such as New York can build seawalls, Miami is defenseless because it’s built on porous limestone that would allow ocean water to come up from under the city. Already, yards and streets remain flooded even days after rainstorms have rolled through the city.
But this looming threat isn’t detectable in the massive ongoing construction along the waterfront in Miami. There’s $10 billion of development underway in the city’s downtown, featuring new luxury condos and stores, while the beachfront across Biscayne Bay in Miami Beach is still the hottest property in the area. In the Coconut Grove neighborhood along the water in Miami, a new high-rise is going up right across the street from the Miami City Hall. There, I asked Mayor Tomás Regalado if developers are going to stop building on the waterfront, considering the predicted rise in sea level. “The developers?” he recoiled. “Of course not.””
http://www.citylab.com/housing/2016/03/miami-sea-level-rise-development-displacement/472830/
Practicalmaina on Thu, 10th Mar 2016 2:59 pm
Thanks bug, I don’t think it is quite hopeless yet. Global warming, pollution and water issues are all huge issues but I think declining financial and energy returns on fossil fuel will ultimately be a good thing. No matter how cheap or expensive oil is people still starve when it is a bad enough drought in an area.
Apneaman and rockman, neither of you lied about climate change for a profit like Exonn. All you can do is what you can do. Does it count against my carbon footprint that I pay taxes? Because it probably should because the MIC is a hungry dirty machine. I hope we see a day when the excess that pasifys us young folks starts to go away, and in its place change is demanded.
GregT on Thu, 10th Mar 2016 3:01 pm
Powerful imagery Apnea,
Sky Pixel LA – Golden Meadows Flooding -https://www.youtube.com/watch?v=KIiD40zJmLk
What I find particularly telling, is the numbers of full sized pickup trucks, swimming pools, and trampolines, compared to the number of homes with solar panels on their roofs.
People are simply not aware of their circumstances. Drive, shop, consume, until death do us part.
Practicalmaina on Thu, 10th Mar 2016 3:15 pm
GREGT I can’t get over the size of vehicles and homes these days. Particularly new pick ups, and some “crossover” suvs tundras look like 3/4 ton rams these days. Dudes compensating should be taught in high school health to young women, the environment would benefit greatly.
In another ramble they should also teach people air travel exposes you to a bunch of extra radiation, so not only is it bad for the environment but the yuppies 2
GregT on Thu, 10th Mar 2016 3:30 pm
The same is happening up here in BC Practical. Full sized P/Us are becoming more and more common, especially among younger white males. We just traded in our ’09 Civic a month ago, for a Honda Fit. After 4 weeks and two days of ownership, we’ve put 590km on it. Great little car, as cars go……
Apneaman on Thu, 10th Mar 2016 3:31 pm
Greg, sheeple is no joke. Modern education is totally overrated – a joke in fact and 99.99% of ape-sheep will follow the corporate state brainwashed herd all the time. Do not expect any meaningful changes from anyone – individuals, .gov, corporations, 1%, MIC – it ain’t going to happen. It would have happened long ago. Reaction is all we will see until the money runs out. Disaster then clean up, rinse and repeat. Less gets rebuilt and/or repaired every time. Fuck there is still a mess from Katrina and Sandy and people who never got the gov help they were promised. Not 1%ers they got bailed first and always will. If you follow up on these disasters, which the MSM never does, you can see all sorts of long term problems. Still a mess from the South Carolina “record breaking” floods in Oct.
Just one little example, but if you follow the local news outlets you can find hundreds of these stories long after the disasters. There are many little people who we will never hear their sad stories – pushed under the bus.
Months after SC floods, repairs await at Edisto Gardens
http://www.wsoctv.com/news/south-carolina/months-after-sc-floods-repairs-await-at-edisto-gardens/152664165
Nony on Thu, 10th Mar 2016 3:35 pm
Anyone who thinks making copper wire for their post industrial hydro power plant out of copper they scavenged from broadcast towers is either really stupid or doesn’t know what ‘carbon neural’ means. Fucking simpletons! I refuse to engage in conversation with people as stupid as that. Then you got Apneaman living in a centrally heated home and no doubt shopping at the grocery store thinking he’s special and is somehow better than everyone else who he calls names. Apneaman you are truly a moron. If I ever see your face I’m gonna shave 1/2 your head and fuck you with a broomstick.
Apneaman on Thu, 10th Mar 2016 3:54 pm
Feel free to come for a visit fuck wad.
I would mop the pavement with your face hero. You a fucking sissy and I bet you have not been in a fight since kindergarten. Or maybe I’ll ass rape you until you learn to like it. Is this the real nony or the cowardly fake nony? Fuck it, I’ll rape both of you just to make sure.
Apneaman on Thu, 10th Mar 2016 3:55 pm
DRY
Practicalmaina on Thu, 10th Mar 2016 4:23 pm
GREGT, good on ya bud, I am wearing out my 07 aveo right now, hoping she makes it to cheap ev or at least cheaper hybrids. it is pretty comical because I am 6,6 people get a kick outta me getting out of the thing. Next step is a small motorcycle because people are dumping them for cheap right now thinking gas will stay cheap.
Apneaman I agree about education, no child left behind fucked my high school, you’re struggling, let me take some funding from you, that should help, let’s make personal changes for you, whether you want it or not. Why does it not happen when the FBI EPA CIA any of those organizations fuck up and neglect their job, they get incteased funding. Even if for example Russia Germany Isreal all those governments warn us about terrorist and we don’t act, except maybe shooting a witness in his own home (Boston bomber) or flying out Bin Laden family. How things have changed, Trump threatening foreign terrorist family’s (sponsored by the US Isreal and Sauds, on foreign soil, not attacking Americans) when GW treated THE terrorist (or convenient scapegoat) family to the only flights on 911 after the attack.
Practicalmaina on Thu, 10th Mar 2016 4:25 pm
Ahh conspiracy theories, the day I mention the biggest solar farm in the world being proposed in Tunisia the violence spills over from Libya. Koche brothers into sponsoring terrorism like the other big boys in the fossil fuel game?
Davy on Thu, 10th Mar 2016 4:57 pm
“I’m the lowest emitter (around here) or close, it does not matter anymore.”
What a braggart. The reality is you are a bum without a purpose except to occasionally drive mom to the mall. There are so many people that have purpose and value but emit more. They have excuses but you have none. You don’t even have an excuse to waste oxygen. You are just an asshole that spanks people to feel like you have purpose and value but that is just your fantasy rockstar personality.
Practicalmaina on Thu, 10th Mar 2016 6:50 pm
Nony you douche I didn’t say the copper was carbon neutral. I said carbon based building material that is utilized without fossil fuels is carbon sequestering. Nice try misquoting me though. If by simpleton you mean better suited to live with less than you are correct
makati1 on Thu, 10th Mar 2016 6:56 pm
Anyone with an open mind and some intelligence can see that the species called ‘homo sapiens’ is seeing it’s last days. The destructive system it built is reaching it’s end. The result is a ruined world, soon unable to support life much above insects and bacteria. So be it.
I have decided to just sit back and watch the event unfold. I don’t think it will take long. I cannot stop it or even slow it down, so why try? I have prepared the best I can to ride it out in some comfort but will ‘go native’ this year or next, depending on events out of my control. Abandoning the city ‘conveniences’ for a 3rd world rural lifestyle. I am actually looking forward to the change. More like my youth.
I have no debt. I own no vehicles, credit card or property. I do not have any insurances, taxes, or permits to worry about. I have a retirement visa that lets me live in the Ps indefinitely. At 71, I still enjoy good health. My responsibility to my mom will soon be over as she is dying. That will end my trips to the States. I will use my SS income to continue to build my ‘safety net’ as long as it (SS) lasts. I do not use Medicare or any other social service.
Those of you who are still chained to the system cannot possibly understand what true freedom is. I can. Those who are not mentally prepared to die cannot imagine the peace that such a thing can give you. Those in the Western world cannot appreciate that there are still parts of the world where a friend is loyal and trustworthy and a handshake can be stronger than a paper contract. I can. I live there.