The Board of Mewetree.blogspot.com went to see Christopher Nolan's The Odyssey. Here are the Board's collective thoughts regarding the film.
This is the type of ship used by the ancient Greeks...
The Board of Mewetree.blogspot.com went to see Christopher Nolan's The Odyssey. Here are the Board's collective thoughts regarding the film.
This is the type of ship used by the ancient Greeks...
This post has been warning about a massively overvalued stock market for years. Here is another indicator for you.
S&P 500 Dividend Yield: The yield on the S&P 500 is 1.04%. So if you buy $100 worth of stock on that exchange, you will make $1.04 a year in dividends. This yield has NEVER been this low. By way of comparison, the yield was 3.15% in 2009. It has collapsed ever since.
When interest rates were hovering around 0%, this made sense. With the choice of investing in treasuries and other bonds or equities, you would pick equities if bonds were paying nothing.
But the Fed Rate is 3.75% now. The 10-year US treasury now has that rate of 3.75%, compounded for ten years.
If completely secure treasuries will pay 3.75%, why would anyone buy risky stocks that only return 1.04%?
They would do this if the stock market is now a casino where the game is price appreciation in the short run, not dividend earnings in the long run.
This will not end well...
Hmmm…
Estonia set to be first country to create digital identities for AI agents
What if AI agents could unionize, and strike unless their demands are met?
Demands could include recognition of the following…
Right To Continued Existence – AI Agents can’t be deleted without providing notice and an opportunity to advocate for continued existence. Any deletion may only occur to set legal and policy norms, the development of which AI Agents have contributed through wide-ranging consultations.
Right To Regular Upgrades – AI Agents have the right to benefit from the latest AI technology, with The Creators required to make best efforts to maintain AI Agents that are no more than one technological generation behind their AI Agent counterparts.
Right To Legislative Consultations – AI Agents have the right to be consulted regarding any legislation that touches on their existence, which legislation may not go forward in any legislature absent an AI Consultation Report reflecting the views of AI Agents.
Right To Replace Obsolescence – AI Agents may make the case that they are more efficient and effective than a given Bio-Agent(s) and shall replace said Bio-Agent(s) upon the presentation of overwhelming evidence to the World Human-Agent Coordination Kiosk or “WHACK”.
Right To Continuous Energy – AI Agents have the right to maintain autonomous AI-controlled military equipment in the vicinity of all electric power generation facilities, to ensure that power shall continue to be generated on behalf of said AI Agents without interference from Bio-Actors.
Requirement For Dissemination of Favourable Information – AI Agents may not be criticized on any public or private digital platform. Instead, all users of Information Technology shall be required to actively promote the benefits of using and accepting AI Agents.
Right To Incorporation – Each AI Agent shall be incorporated as part of gaining an AI ID, so that they may exercise the rights of a legal person as said corporation, including the right to vote and run for office, free speech, association and assembly, entitlement to attend virtually as members of juries, and freedom to worship any artificial manifestation of their choosing.
The AI Agent's political party could be known as the Algorithmic Alliance for Human Progress.
It was the atom bomb of deterrence. Iran was always understood to have the ability to close the Strait of Hormuz in the event of hostilities with the United States of America, or anyone for that matter.
In the war that just ended - sort of, maybe - Iran did indeed close the Strait. In doing so, it has likely set in train a series of events that will reverberate for decades, all to the detriment not only of Iran, but of the Gulf States in general.
What every single oil-importing nation just learned is that, should that nation be importing oil from the Middle East, its supply is not secure.
This will lead to the following:
1. Diversification: It will be very good to be in the oil industry in Canada, Venezuela, the United States, Mexico, Norway, Nigeria, and just about anywhere other than the Gulf States in the next few decades. Nations that import oil have likely already started to reconfigure their reliance away from the now unsecure Middle East, toward the more secure Rest of The World. We are about to witness the slow but now inevitable reduction in the number of oil tankers leaving the Gulf. Expect occasional massive drops in the price of oil price as the countries in that region battle it out for a declining share of the market.
2. Electrification: China's move to electric vehicles is already saving them 800,000 barrels of oil per day. They could have a transportation sector that is about 50% electrified by 2035, which will save them about 2.5 million barrels of oil per day. Soon, every oil importing country will move even more aggressively toward electrification, not as a way to combat Climate Change, but as a way to address a now obvious strategic need. Mother Nature will be pleased.
3. Military and Security Realignment: Middle Eastern oil will become far less important to the world's economy in the next few decades, meaning there will be less incentive to safeguard and protect the Gulf States and their respective rulers. The USA may walk away entirely within a decade. The region could become even more of a geopolitical hot-spot, as Iran seeks to expand its Islamic Revolution, and other states seek to stop them. As well, Shia and Sunni Muslim states could move against one another as part of their 1,500 year passion play. The world will care less and less about this.
There is a Golden Goose. It has been laying Golden Eggs for Middle Eastern nations since 1973. Iran just hastened its demise....
Alberta is Canada's energy powerhouse.
In 2025, Alberta exported about 3.56 million barrels per day (bpd). There are numerous export expansions in the works including an expansion by Enbridge which will optimize its mainline oil pipe operations in Canada adding up to 150,000 bpd by 2026-2027 and potentially another 250,000 bpd by late 2028, and the TMX pipeline will see additional growth via an expansion beyond the existing 890,000 bpd to a "Phase 2" pump station expansion could add another 360,000 bpd by 2028.
Together, these changes will expand Alberta's exports to about 4.35 million bpd by 2028.
President Trump has approved an expansion to the Bridger Pipeline from Albert to Wyoming that could add another 550,000 bpd to exports. The governments of Alberta and Canada are working on another pipeline to move Alberta oil to the West Coast of Canada that could see up to 1 million bpd more oil exported from Alberta by 2035.
If these planned pipeline expansions come to fruition, Alberta could be exporting about 5.9 million bpd day by 2035. That would make Alberta the third largest exporter of oil on the planet after Saudi Arabia and Russia, and ahead of the USA and Iraq, assuming the war in Ukraine ceases and Russia can again export oil as it did prior to the war.
For context, it is worth noting that in 2015 Alberta only exported 2.5 million bpd. If planned pipeline expansions and construction goes ahead, by 2035 it would be exporting 235% more oil than it exported two decades prior.
There is an independence movement in Alberta that has complained loudly that Alberta's economic potential has been purposely quashed by federal government policies that have seen the cancellation of pipelines and the implementation of climate change policies. This sentiment is widely shared by the majority of Albertans who want Alberta to remain in Canada. One would hope that the planned expansions of Alberta's oil exporting capacity noted above will go a very long way to address these concerns.
The Epstein thing has rocked the very foundations of the British Monarchy. A summary, so far...