Comments by "Neolithic Transit Revolution" (@neolithictransitrevolution427) on "Good Times Bad Times" channel.

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  53.  @WinterXR7  So to the first poi t we're in complete agreement, obviously the mechanized infantry brigades that led the Kurst assult were not whoever was guarding the border - my point is that now that Ukraine is moving into a defense mode those elite units will be reassigned to return to Pokrovs or a new offensive, and the troops who were previously holding the border will simply move forward to the new defensive lines. Certainly a number of troops were needed for the invasion, but all else being equal the better terrain means fewer units are needed to hold the region than were needed to hold the border. The conscripts captured who will be traded for actual Ukrainian soldiers should also be considered. To your bottom point, I'd suggest it matters very little of the Russians take most of the area leading to Pokrovs this week or in a year. If Trump is elected, a peace deal would almost certainly involve losing Pokrovs regardless, so fighting harder to hold it isn't a gain. If Harris wins, I expect material and political support for Ukraine to be decisive, and while the fighting will enter the city I don't believe Russia will be capable capturing the city. Kurst seems more valuable to in either regard, either as a bargain chip or as a defensive position undermining Putin's authority. I think the most determining factor is whether Ukraine can hold Russia a km or two from Pokrovs until the mud buys time for western equipment amd new troops to arrive and better defensive positions to be built, and also time for the Russian economic and financial position to worsen and public opinion and troop moral to turn. And with the mentioned elite units being pulled out of Kursk to return to defensive actions holding back Russia seems achievable, but the amount of ground lost and the seemingly ineffective Ukrainian fortified positions is disturbing. If Russia makes it into the city before winter it will still take months to capture but but terms are distinctly worse for Ukraine. That said, unless the world is willing to bring nuclear armed russia to the point of a WW1 Germany collapes, Ukraine is forced to take actions which are of greater risk but may offer a winning condition, rather yhan settle for the safer choice and simply lose a year later.
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  79.  @Dman6779 I'm going to start by saying Ukrainian bombing of Russian refineries doesn't really impact US oil prices, Biden is more concerned about the appearance as he goes into an election, and of trying to lower global inflation and global oil prices, both to lower the cost of imports and bring supply chain inflation down, and to maintain European support. To your TL;DR, I agree completely, losing energy security is exactly what I'm afraid of, I don't want a crash in prices destroying the North American Oil industries and making us reliant on imports of both oil and Chinese renewables. oil has a massive effect on the economy because it fuels cars and transport, Petro chemicals in the North East and Gulf coast, is a major part of the economy in the South west, and represents 15% of US exports and is a major component to the balance of trade. In Canada it's not only 15% of exports, Alberta is also the region with the highest per capita incomes, and many of those jobs are oil sands related. Our progressive tax system will mean that a very large drop in income tax revenue is at stake, along with a large portion of Albertas government royalties, and Federal revenue for oil. Oil sands mining, where a lot of the good blue collar jobs are focused, is a very regional affair focused in fort McMurray, and those Mining jobs won't survive a year of low prices. So you're looking at a sizable city in complete collapse, a provincial depression as 10s of thousands of the provinces highest earners going on Unemployment and oil taxes disappear, and a national depression as a dollar weaken with our balance of trade, banks (particularly RBC) see massive losses, our precarious property market dies, and our Stock market crashes. But I see what you are saying, and I would like to see a smart wind down of the oil industry toward geothermal (Eavor is a promising company) with fracking and SAGD oil sands in particular being technologies well suited to have investment redirected to digging wells and pumping hot fluid. I'm Canadian, and I really want to see more material manufacturering with bitumen production to diversify the oil sands industry itself. Bitumen has an advantage in producing Carbon Fiber, and I would like to see Alberta become a major producer on the global market. I'd also like to see the NG industry refocus toward hydrogen production, although generally I support the LNG operations in the US Gulf (although Canadian LNG is largely DOA). And of course greater diversity of industry in general in building solar and wind and EVs, and in Canada in particular Mining material for supply chains. But that doesn't just happen. It certainly doesn't happen if the industry collapses and government revenues collapse. You need to develop technologies, build infrastructure, attact or invest in manufacturing. I think this is very urgent, but the times lines to open a mine are still a decade. And China isn't cutting its oil demand because it's worried about climate change, it's trying to beat us in a race that will decide where energy comes from. I'd also like to see a Pipeline Called eagle spirit built to bring another Mbbl/d to the Pacific, although I'm against DilBit exports on the North coast, but I'd like to see a large 100kbbl/d asphalt plant, a 200kbbl/d Diesel specific plant, a 300kbbl/d refinery tuned to Californian standards and that can supply Jet fuel to Vancouver, and a 400kbbl/d partial upgrade to sell a Heavy Syncrude to Asia/California. Which maybe you're not going to love, but right now 90% of our exports go to Chicago, and I'd like to see that getting a better price.
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  99.  @DBLt4p  I certainly agree that any blanket statement is never entirely true. And i would agree tariffs have a purpose, but I would suggest they are more valuable in a putative role than as economic policy. A tariff is equivalent to putting international sanctions on you're own country, they protect local industry by eliminating competition and lead to long term stagnation, and they invite foreign countries to put up tariffs in response. The Smoot Hawley tariffs were a key factor in causing both the great depression and the Pacific theater of WW2. Good industrial policy is based on building local value chains that create expertise and provide competitive advantage internationally. Look at Japan or Germany, you want your cars to win in other markets, not be protected in your own. Part of that is building infrastructure in a deliberate manner, and part is making policy that encourages industry to believe investment will be profitable. That's not to say all capital subsidies are best practices. You don't generally want to be picking particular projects, and things like corporate tax deductions don't generally align with real investment. Likewise blanket, fixed dollar tariffs are not as useful as percentage based tariffs on select goods with alternative suppliers and often which are important exports to the targetted country. Overall I would stand by the statement capital subsidies are better economic policy than tariffs, and do a better job at pulling international best practices and technology rather than encouraging the continuous use of older strategys and equipment that can't survive in global competition.
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  120.  @WinterXR7   @winterinvicta   @winterinvicta  I agree that the political situation isn't likely to lead to a coup or force Putin out of the war, but it may lead to peace settlements with more reasonable terms from Ukrainian perspectives. A lot has occured there, while a small fraction of Russian land, until this point the only thing keeping Ukraine out was the prestige of Russia, that is a loss people feel, particularly with a hundred thousand refugees spreading word in the country. Conscripts are in the conflict and taken as POWs in camps Russia paints as Nazi adjacent, until now the core areas of Russia haven't been dealing with the actual conflict, now its visible. Inflation has been very high for some time, now Kursk farmers can't collect thier wheat harvest, and gasoline supplies are constantly at target, which are quite significant costs the lower income. All that is to say that until recently, what has been a foreign conflict in Russia has become a domestic one, which politically is very different. to the second point, the particular units in question are drone operaters I believe, so it doesn't suprise me they are less effective in urban combat. But they will slow the advance to the city, and protect the flanks while other infantry units perform the urban combat. The dightiin Bakhmut obviously was extensive. To the economy, as you point out the ruble is weak, but more over the Ukrainian campaign against oil infrastructure only started 6 months ago. Kursk wheat won't be available, but not only that, diesel is going to be a in competition between farmers and the military in a few weeks. Europe has only recently banned un insured ships from their waters, which is meant to push out black fleet ships from the Baltic sea, a major oil shipment terminal. Inflation has been rising, and is being pressed by both a shorage of goods, and army contracts bidding out the labour supply, an issue only worsening. And Russian foreign currency reserves are almost entirely depleted, with the oil fund now mainly holding infrastructure bonds. The Russian financial position has continually worsen, amd while I'm not suggesting an immediate collapse, I would say stalling several months due to mud is harder on Russia than Ukraine. Also, maybe you mean to claim the GDP PPP growth has been higher in Russia than Germany (which is, frankly, a terribly afflicted economy having taken the brunt of anti Russian economic fall out), but I struggle to believe numbers showing a higher standard of living in Russia than Germany. And I would point out that growth in Russian GDP is driven by defense sector spending, which is dubious in its value should the war come to an end. To your last point, I'd suggest the very thing Ukraine wants is a counter attack in Kursk. Images of Russia flattening Russian towns with Artillery and hundreds of conscripts out of Moscow and Saint Petersburg dying or being maimed daily, or else a weakening of Russian forces elsewhere, are both wins for Ukraine.
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