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Cake day: August 23rd, 2023

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  • Much of Russian oil production is going offline and is never coming back anyways. Since the fall of the USSR they haven’t been training engineers at a rate to maintain their own infrastructure. Many of the engineers they do have are nearing retirement age.

    As a result don’t have the technical expertise to maintain their own infrastructure oil fields in Siberia. Those fields require oil to flow constantly otherwise the oil will freeze and expand and burst the pipes. The last time this happened was during the fall of the USSR and those well heads took 20 years to come back online and required Western expertise to repair.

    They’ve depended on Western companies to build out and maintain those tracts ever since. When those go well heads go offline either through lack of maintenance or through Ukraine attacking storage centers where this oil is kept before its shipped, they won’t come back on again. They will still have tracts of oil fields in the Western part of the country that they can pump, but they will permanently loose a lot of capacity. Your likely to see a Venezuela style gradual drop off in production over the next ten years if they don’t change course and bring back Western expertise.

    It doesn’t really matter to the US, we produce a ton of oil domestically and have been switching over our refineries to process it. Europe, China and India will be the ones to really feel the squeeze when Russian oil goes offline.











  • “Looks at SpaceX”, Iterate quickly and break things can work for rockets, it just depends on the development phase and the type of project. I wouldn’t “iterate quickly” with manned, extra terrestrial or important cargo missions.

    But it can be used for the early development of rockets. Space X had a deep well of proven technology to draw upon during the development of the Falcon rocket. They put the tech together and iterated quickly to get a final product.

    Blue Origin as well as the Artemis program both use traditional techniques with similar proven technologies. I’d argue they aren’t as successful or were never intended to be successful (Artemis is just a jobs program for shuttle contractors at this point).






  • Dead_or_Alive@lemmy.worldtoEurope@feddit.de25 years of the euro
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    1 year ago

    The Euro. solid second or third tier currency. I’m surprised Europeans want to celebrate this also ran fiat currency.

    It was always runner up to the dollar up until the financial crisis. Once everyone realized there was no centralized response from Europe and they had to deal with a dozen different central banks making their own policy it quickly fell out of favor.

    I’d rather carry Yen as an alternative to the dollar than the Euro.