Yakov Feygin

Yeah so to the domestic budget that’s not necessarily as low as you think because both Korean and Japanese households on average earn less.

If you were paying in dollars that’s why…

I once shared an article about how horribly exploited Chinese delivery workers are because of the hukou system and that's why delivery services there are cheap and had white people telling me to stop being weird about burrito taxis because "Asia does this better than us"

This is technical but important. Investment in AI does not exceed consumer spending. The contribution to the change in GDP from AI capex now exceeds the contribution from change in consumer spending to the growth of GDP.

Hah. Gonna try to invest billions into added capacity that goes online in decades just when demand starts to plummet. Totally reasonable.

I guess we totally memory holed the two years where we insisted that letting ATACMS blow up Russian airpower at frontline airbases would cause nuclear war or something which forced Ukraine to invest in long range strike capacity that didn't have western oversight

It’s funny because a state owned peaker makes a lot of sense precisely because it’s both illiquid and should be written off before the end of its useful life.

She’s found her groove and it’s cool.

If you want a weird but true fact to talk about:

Dexter Holland, lead singer of The Offspring, was instrumental in this. His doctorial thesis in molecular biology was sequencing mRNA in HIV. The paper was also heavily cited in creating the COVID-19 vaccine.

Dream of that when the little guy turns older. For now he needs a lot of supervision.

Touché

has anyone ever posed the question of the synthesizer like, “this is going to invent ambient music, but also displace working musicians from dance music”

Members of QAnon claimed that a cabal of pedophiles had infiltrated the highest levels of our government. It turns out they were right.

I met him once or twice and seconded!

Our main problem is having certainty on how much you can restim and drill confirmation wells.

Neither is EGS drilling. The main issue is that the capex risk is still too variable to get rapid deployment but that’s just a matter of time.

Already doing it. We’ve figured it out. Question is scaling fast.

That and o and g has so few bonuses due to their already big advantages that it all moves the ball more.

Which makes me think there’s a case for a permitting reform bill that “levels the playing field” between O&G and electricity projects. There’s not much juice in the former. There’s a LOT in the latter.

That’s why I’m an egs bull.

I’m not sure I agree there because I know what I can bring nuclear lcoes to in theory more than I do hydrogen.

Solar and storage are so relatively easy to build. That’s why they are more formally capital intensive. Most of their cost is capital outlay rather than o and m and fuel cost.

Stay tuned since this will all slowly be published.

It works but you’ve gotta get very lucky on drilling costs at your confirmation stage. But I do think that capital providers are a few years behind the ball on how good we’re getting.

See the links below. For the last month I’ve been buried in building probably the biggest project finance model for egs that’s not one built by an egs developer.

Also you just don’t need to drill more to hit higher volumes these days. Drill baby drill ain’t happening. It’s done. Industry is mature now.

Tbh even this work is a bit outdated given the latest we know on drilling success rates.

Geothermal Geothermal Geothermal energy represents a significant opportunity for sustainable power generation in the United States. With recent advancements in drilling technology and enhanced geothermal...

publicenterprise.org/geothermal/ Geothermal - Center for Public Enterprise

I have so much to say on this but the short of it is the constraint is the risk factor.

As someone who is a geothermal bull and works on the edges of the industry that’s going to be a geographically constrained tech until at least the 2040s. Which would be ok if we had better transmission.