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Wyoming is broke!?

:tickedoff: :tickedoff: Then why did we do a half-assed job on the AA renovations?!? :tickedoff: :tickedoff:
 
MrTitleist said:
cali2wyo said:
:tickedoff: :tickedoff: Then why did we do a half-assed job on the AA renovations?!? :tickedoff: :tickedoff:
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Wut
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It was meant to be a joke about how the athletic department scaled back phase 2 big time due to higher costs/other campus projects over budget. It was funnier in my head :?
 
LanderPoke said:
Some business development in SE Wyoming would be swell
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Yeah, why not actually try something new? Take a chance on something for once. Try to rope in some new top-of-the-line data centers (Wyoming's cool climate, lack of tornadoes/hurricanes, plus fairly steady power generation is rather ideal, especially in combination with the interstates) or battery tech or something. The U.S. is seriously slipping in a lot of areas because we're so focused on "old" technologies - imagine if Wyoming could suddenly become a force in changing that?

Wyoming has space, natural resources, highway access, a solid university...
 
McPeachy said:
Or maybe not. Funds grew by 1.17 billion (with a B) over the past fiscal year. Best performance in over 10 years.

http://www.wyomingbusinessreport.co...006932&utm_medium=email&utm_content=read more
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Let's be honest, the market had one of its best periods from June 30 of the last year to June 30 of this year. That type of market performance cannot be expected (a market correction is much more likely). Mineral revenues are not coming back to previous levels; that is the reality. We have funds to carry us through a few years but we have a lot to figure out in this state in an era of relatively cheap and abundant natural gas. I'm worried for the State's future.
 
OrediggerPoke said:
McPeachy said:
Or maybe not. Funds grew by 1.17 billion (with a B) over the past fiscal year. Best performance in over 10 years.

http://www.wyomingbusinessreport.co...006932&utm_medium=email&utm_content=read more
Click to expand...

Let's be honest, the market had one of its best periods from June 30 of the last year to June 30 of this year. That type of market performance cannot be expected (a market correction is much more likely). Mineral revenues are not coming back to previous levels; that is the reality. We have funds to carry us through a few years but we have a lot to figure out in this state in an era of relatively cheap and abundant natural gas. I'm worried for the State's future.
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Surely you can appreciate that the funds performed at that level. A 1.17 billion dollar increase is substantial...did you read the article? And yes, I am completely aware of the stock market performance. A correction (nor any of the red-flags indicating a correction) are not on the horizon right now...at least for the next 2 quarters that is. Mineral revenues may not come back (ever) to previous levels, but there are great opportunities (at the state's fingertips) to narrow the gap substantially. We will see if Wyoming is proactive, or reactive, here in the next short while.
 
McPeachy said:
OrediggerPoke said:
McPeachy said:
Or maybe not. Funds grew by 1.17 billion (with a B) over the past fiscal year. Best performance in over 10 years.

http://www.wyomingbusinessreport.co...006932&utm_medium=email&utm_content=read more
Click to expand...

Let's be honest, the market had one of its best periods from June 30 of the last year to June 30 of this year. That type of market performance cannot be expected (a market correction is much more likely). Mineral revenues are not coming back to previous levels; that is the reality. We have funds to carry us through a few years but we have a lot to figure out in this state in an era of relatively cheap and abundant natural gas. I'm worried for the State's future.
Click to expand...

Surely you can appreciate that the funds performed at that level. A 1.17 billion dollar increase is substantial...did you read the article? And yes, I am completely aware of the stock market performance. A correction (nor any of the red-flags indicating a correction) are not on the horizon right now...at least for the next 2 quarters that is. Mineral revenues may not come back (ever) to previous levels, but there are great opportunities (at the state's fingertips) to narrow the gap substantially. We will see if Wyoming is proactive, or reactive, here in the next short while.
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Absolutely, I can appreciate that the funds performed at that level. We have some great financial people at the state that have managed and invested the state's assets very well. My personal 401K invested solely in stocks (largely ETFs and Index funds) saw a 20+ percent increase in the same time period however. It was a great year for the market.

I'm not one to predict market corrections. I just believe that having a down year would be more likely than successive years of these massive gains we have been seeing. History tells us this. We can't expect to return this much investment revenue on a yearly basis and must find a way to meet our state's funding gap to keep our schools and university top notch.
 
Asmodeanreborn said:
My guess: they'll hope that coal and oil make a real comeback.
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Funny you bring this up. Our Saudi friends and their 'crackdown' have really been a boon to the oil market and there are real possibilities of $70 oil this year. I would never have guessed this would be a possibility. Unfortunately, oil royalty income is currently a relatively small percentage of our mineral revenues and coal has a much bigger impact.
 
OrediggerPoke said:
Asmodeanreborn said:
My guess: they'll hope that coal and oil make a real comeback.
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Funny you bring this up. Our Saudi friends and their 'crackdown' have really been a boon to the oil market and there are real possibilities of $70 oil this year. I would never have guessed this would be a possibility. Unfortunately, oil royalty income is currently a relatively small percentage of our mineral revenues and coal has a much bigger impact.
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Oh, I know oil is already starting to rise again, but demand is also rapidly shrinking. China's seriously discussing a complete ban on gas-powered cars, for example. They're about to eclipse the U.S. in number of motor vehicles, so it will/would have one hell of an impact.
 
Asmodeanreborn said:
OrediggerPoke said:
Asmodeanreborn said:
My guess: they'll hope that coal and oil make a real comeback.
Click to expand...

Funny you bring this up. Our Saudi friends and their 'crackdown' have really been a boon to the oil market and there are real possibilities of $70 oil this year. I would never have guessed this would be a possibility. Unfortunately, oil royalty income is currently a relatively small percentage of our mineral revenues and coal has a much bigger impact.
Click to expand...

Oh, I know oil is already starting to rise again, but demand is also rapidly shrinking. China's seriously discussing a complete ban on gas-powered cars, for example. They're about to eclipse the U.S. in number of motor vehicles, so it will/would have one hell of an impact.
Click to expand...

Demand is at an all-time high thanks in large part to relatively 'cheap' oil. The question is when will demand stop increasing...
 
Asmodeanreborn said:
OrediggerPoke said:
Asmodeanreborn said:
My guess: they'll hope that coal and oil make a real comeback.
Click to expand...

Funny you bring this up. Our Saudi friends and their 'crackdown' have really been a boon to the oil market and there are real possibilities of $70 oil this year. I would never have guessed this would be a possibility. Unfortunately, oil royalty income is currently a relatively small percentage of our mineral revenues and coal has a much bigger impact.
Click to expand...

Oh, I know oil is already starting to rise again, but demand is also rapidly shrinking. China's seriously discussing a complete ban on gas-powered cars, for example. They're about to eclipse the U.S. in number of motor vehicles, so it will/would have one hell of an impact.
Click to expand...

It's time for a reality check. When China removed the tax credit for electric vehicles last year, Tesla did not sell one car. The fact is: every manufacturer loses money on every electric car they sell. If not for tax subsidies and the requirement in California to sell at least 1 electric car, no major car manufacturer would produce these things. They make money on SUV's, not econo boxes and electrics. Car companies will down size rapidly and many will go broke if the internal combustion engine is banned.
 
Profit or not, most manufacturers are facing a future where they won't have the choice to produce electric cars. As mentioned, China is looking into banning gas vehicles. Britain, France, Germany, India, Norway, Austria, Denmark, Ireland, Japan, the Netherlands, Portugal, South Korea and Spain have all set targets or even laws mandating all car sales being electric within the next 25 years.

Consider this point, several years ago, one prominent engineer in the auto industry stated that cars (even pickup trucks) could all easily have been designed to be 50+ miles per gallon fuel efficiency within a decade's time if it was mandated by the government. Translation: they will find a way to make it work AND make it profitable.
 
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