aeroengineer

I agree the economy in general appears to be roaring back with the wild card as you say being inflation. I see two particular industries namely oil and the airlines that will be seeing some fundamental changes in the years ahead.

rickair7777

Oil can be killed off slowly as they ramp up alternatives in most sectors.

Airlines OTH are absolutely essential foundations of the global economy, most especially in the developed world... it's also vital to the tourism economy in some of the developing world. If they can transition us to SAF quickly, they will. If not we'll keep burning liquid dinosuars until an appropriate low/zero carbon tech can be implemented.

rickair7777

Correct, no such system is anywhere near 100%, you just need to throw down a series of speed-bumps that collectively make the sum total odds look less-than-ideal. Assuming you need at least four armed tangos to seize an airliner (pax will fight back today), your odds get pretty low that they'll get through. And TSA is only the first speed-bump.

The bad guys don't like the bad press they get from a high-profile failure.

Excargodog

Very likely. Being unable to contain it, Yellen is now claiming it is desirable:

https://ibb.co/qgtcf4X]


I doubt that airlines with huge debt loads that they will have to refinance at the higher rates would agree.

HIFLYR

Interesting take I hope everyone is ready to pay 10 to 15 bucks for a loaf of bread and building cost to skyrocket as they push the cost of Dino fuel up to force the farce of the electric dream. Farmers equipment combines, tractors etc, construction equipment, semi’s require big hp “energy” to operate so sufficient battery power is a long way off if ever. Farmers also operate on a low margin so going out and replacing the equipment would eliminate many even if it was available. The high cost of fuel they envision to FORCE us to electric will be passed on to all of us.

rickair7777

Yes it will cost more for sure but it looks like the global consensus at the G7 level is that it needs to be done and that's driven by their electorates. I just hope they do it in a measured manner to avoid massive disruption. If they hadn't already gotten the boot from the artist formerly known as G8, the Russians would be parting ways with G7 over carbon policy since fossil fuel is their main export. In fact some analyses suggest that that RUS would actually benefit from climate change (vast sub-arctic deserts becoming more arable).

It's unclear if the developed world can solve the problem alone, if the third world keeps slashing and burning rain forests, strip mining coal for home heating and cooking, and driving around in with 1950's era gas engines. Although the developed world does produce the majority of carbon emissions.

By "problem" I mean rising carbon levels, which is a political problem and a reality in *that* context. Not much point in debating how much of a threat that might be to the actual climate, that borders on religion: strong opinions, none of which can be proven either way... just like religion you'll only know for sure when you actually get there.

rickair7777

Security and especially cybersecurity are problematic for telework.

To say nothing of actual .gov / .mil legally classified info... only way to do that at home is if they build you a SCIF in your home office. They actually do that for some flag/general officers, but probably not happening for SSGT Jones.

Paywall!

https://www.wsj.com/articles/why-the...hare_permalink

Excargodog

skywatch

That's hilarious. They would be thrilled if they only missed 30%.

https://www.nbcnews.com/news/us-news...hrough-n367851

"In all, so-called "Red Teams" of Homeland Security agents posing as passengers were able get weapons past TSA agents in 67 out of 70 tests — a 95 percent failure rate, according to agency officials."

JulesWinfield

The recovery is because of inflation. It's all fake. The Fed printed dollars to buy assets through backdoor means. Great for asset owners and a terrible tax for poor people.