Norway plans big expansion of Arctic oil exploration

[Austrian Economics]

In a falling interest rate environment, commodity producers have no choice but to simply increase output as much as they can, by borrowing as much as they can, and accepting whatever price the market offers. And that price is falling. This is not the 1970s. Commodity producers do not have pricing power like they did back then. As much as OPEC talks about trying to push up the price of oil, there is no way for them to do that.

[jazz]

In a falling interest rate environment, commodity producers have no choice but to simply increase output as much as they can, .

Sounds like farming AE.

[Austrian Economics]

Sounds like farming AE.

You are exactly right. Unstable and falling interest rates put every farmer in a profit margin vise. Falling rates push down ag commodity prices while at the same time triggering a relentless rise in farmland values. Eventually, those who cannot service their debts will exit the business.

[bucket]

And yet John Deere and Case have the ability to charge whatever they want....

[furrowtickler]

You are exactly right. Unstable and falling interest rates put every farmer in a profit margin vise. Falling rates push down ag commodity prices while at the same time triggering a relentless rise in farmland values. Eventually, those who cannot service their debts will exit the business.

Ummmmm , agree, but that’s been unfolding for several years already , no ??

[farmaholic]

Ummmmm , agree, but that’s been unfolding for several years already , no ??

Quit renting from people who were only looking for a place to dump money!
Foreigners and Domestics.
Then maybe our young people could afford to buy some of it!
HTF(how the fk) is $80-100/ ac going to look in some of the drought affected areas or areas way too wet?
WTF(who the fk) is carrying all the risk?
Give your fn heads a shake for a minute.

[chuckChuck]

Before Trudeau became PM Steven Harper signed a G7 agreement that said by the year 2100 Canada would stop using fossil fuel as an energy source. That was pretty radical for the MP from Calgary! LOL

I have no control over what Norway does. Oil is still important and will be used for several decades. But the search for and transition to cleaner sources of energy is well underway.

[furrowtickler]

Some pictures are truly worth 1000 meaningless words .
Or 2030 useless words

Also this rings very true ..... 👇🏽

[furrowtickler]

Quit renting from people who were only looking for a place to dump money!
Foreigners and Domestics.
Then maybe our young people could afford to buy some of it!
HTF(how the fk) is $80-100/ ac going to look in some of the drought affected areas or areas way too wet?
WTF(who the fk) is carrying all the risk?
Give your fn heads a shake for a minute.

Yup happening here as well
You go west of here it’s bizarre actually
Well and east to hobby farmer’s area
A lot of big investor money floating around
Some got caught big time last two years here with dry conditions and the very short growing seasons but always seems to be someone sweeps in and keeps the ball rolling .

[furrowtickler]

Before Trudeau became PM Steven Harper signed a G7 agreement that said by the year 2100 Canada would stop using fossil fuel as an energy source. That was pretty radical for the MP from Calgary! LOL

I have no control over what Norway does. Oil is still important and will be used for several decades. But the search for and transition to cleaner sources of energy is well underway.

I wonder if gretta is going to hold protests in Norway 🇳🇴 now ??