Sassafras posted:

That's a deliberate design feature so that you don't have to wait ages at the baggage carousel which makes people crankier than a long walk. If no checked bags, oh well, tough!

quote:

Rime posted:

They also discovered a new 100 Billion barrel field in the UK this week, which is probably only around 10-30 Billion after extraction losses but still enough to make them energy independent for the next decade.

Granted, the production decline across the board by 2025 is going to be glorious to behold. If you want to make insane money, buy like buffet during this slump and hold as long as possible.

Pimpmust posted:

Or it's like all that sweet shale oil in California and like... 4 % of the initial claim.

Basically, don't take "report commissioned by the field's developers" to be worth anything (but for tricking investors).


This article does a pretty decent take on a lot of media-propelled bollocks going around:
http://oilprice.com/Energy/Oil-Prices/Top-12-Media-Myths-On-Oil-Prices.html

quote:

UK Oil & Gas Investments accused of making 'misleading' statements about scale of oil held on the Weald near Gatwick Airport

Gatwick the new Dallas? Think again.

A respected oil and gas expert has slammed claims made by entrepreneur David Lenigas that 100bn of oil lies under the South of England within a few miles of Gatwick Airport (Shanghai: 600463.SS - news) as "wildly optimistic" and "misleading".

quote:

The company that discovered 100 billion barrels of oil near a London airport just admitted it doesn't actually know how much oil is there

quote:

The company which reported a massive upgrade to an oil find near Gatwick Airport has conceded it was not in a position to properly size it up.

Last week's announcement that up to 100 billion barrels, a potentially "world-class" discovery, had been identified in the Weald Basin sparked excitement and scepticism.

That caution extended to other partners in the project, as previous estimates were as high as 40 billion and as low as 4.4 billion.

Shares in UK Oil & Gas Investments (UKOG) rose by more than 300% at one stage following its original statement last Thursday.

UKOG did not repeat the words "world class" in today's update, which was requested by the junior AIM market on which the company's shares trade.

HookShot posted:

YVR is pretty good by international airport standards except for how they designed it so you have like a ten minute walk to customs when you arrive.

Lexicon posted:

It's nice, but it irks me to no end that they have the entire thing done up inside like a goddamn Rainforest Cafe (remember those?) and I have to help pay for that nonsense every time I fly out of there.

Pearson is perfectly sensible by comparison. That could be their slogan, even: YYZ: Canada's AMS.


edit: Someone once tried defending YVR's palatial decorations by saying that "world class cities should have world class airports". I 'd so hard at that, as they got the relationship entirely backwards - the best cities all have terrible airports!

Cultural Imperial posted:

Schiphol loving rules.

Pimpmust posted:

Going back a little to this previous discussion on oil and the Gatwick find but something funny happened today:
https://uk.finance.yahoo.com/news/gatwick-oil-gusher-claims-wildly-165413266.html


http://uk.businessinsider.com/ukog-...ill-2015-4?r=US



http://news.sky.com/story/1465217/oil-find-near-gatwick-clarified-by-owner



That went fast

There's more in each link if you're interested.

PT6A posted:

I think AMS has a very nice airport (and about 100x better-planned than YYZ)

quote:

Government approved Zero Down Program http://www.kijiji.ca/v-real-estate-...iteLocale=en_CA

https://twitter.com/YegRocknRealtor/status/586648540392239104

PT6A posted:

It's true, it's probably the best airport I've ever been to in the world.

Cultural Imperial posted:

quote:

“The decline in commodity prices is having a large effect on income, with Canada’s real gross domestic income (GDI) decreasing by 0.7 per cent in the fourth quarter of 2014. Canada’s terms of trade declined by about 8 per cent in the fourth quarter and are estimated to have continued to deteriorate in the first quarter of 2015 … A number of signals suggest that the reduction in domestic incomes, profits and wealth associated with this deterioration is already affecting household spending.”

“In recent months, unemployment rates have increased in the main oil-producing provinces as well, interprovincial migration to Alberta has declined by over 65 per cent since the middle of last year and is at its lowest level since the third quarter of 2011. Households in oil-producing regions also appear to be reacting strongly Consumer confidence, housing activity and retail sales have all shown outsized weakness in Alberta and, to a lesser extent, in the other oil-producing provinces.”

“At the national level, a soft landing in the housing sector continues to be the most likely scenario, with residential investment as a share of GDP expected to edge down over the projection horizon. Nevertheless, elevated house prices and debt levels relative to income continue to leave households vulnerable. The adverse impact of the oil price shock in Alberta and continued robust price growth in Toronto and Vancouver suggest a risk of a correction in these markets. While historical experience suggests that localized Canadian house price cycles, both in terms of the factors behind the boom as well as the correction, have typically not spilled over to other regions, it would be a major event if it occurred.”

But …

“Beyond the energy sector, the natural sequence of stronger exports, increased investment and improved employment opportunities is progressing, even though the temporary weakening in the U.S. economy early in the year has slowed this process. Looking ahead, this sequence will be bolstered by strengthening U.S. demand and by the considerable easing in financial conditions that has occurred, resulting in part from the January cut to the target for the overnight rate. As the impact of the oil price shock on growth starts to dissipate, this natural sequence is expected to re-emerge as the dominant trend around mid-year.”

“Easier credit conditions, together with the 8-per-cent decline in the value of the Canadian dollar relative to the assumption in the January report, will help to mitigate the negative effects of the decline in oil prices. They will facilitate the sectoral adjustment needed to strengthen investment, improve firms’ cash flows and provide support to household spending.”

“The January cut in the target for the overnight rate should help to mitigate financial pressures in the household sector by cushioning the decline in income and employment caused by lower oil prices. It also reduces the likelihood of a more adverse scenario that could cause stress in the financial system.”

“A sustained expansion in U.S. residential investment - a key market for Canada’s exports - has been slow to materialize. However, with robust growth in labour income, low mortgage rates and signs that household formation is improving, new housing construction is still expected to post strong growth later this year.”

Lexicon posted:

YYZ's international => domestic thing is indeed stupid. I had forgotten about that. I was really just talking about the fact that it looks clean and airporty, and that a photo of its interior wouldn't be mistaken for a still of the ape stronghold from Dawn of the Planet of the Apes, unlike YVR.

Dreylad posted:

Apparently I should have spent more time admiring Schiphol because I don't remember much about it, other than I was able to navigate it pretty effectively at 5 AM, exhausted and still kinda stoned.

Cultural Imperial posted:

http://www.theglobeandmail.com/repo...rticle23959859/


~*~*~*~*S O F T L A N D I N G*~*~*~*~

etalian posted:

Vancouver is hilarious since it has no jobs but has SF housing price ridiculous.

triplexpac posted:

Has there ever been a crash that people in power predicted? Instead of just saying "oh things look bad but it will all be fine"

Femtosecond posted:

I have no idea what causes this odd dynamic of super high rents in SF.

Cultural Imperial posted:

All of you loving people that go to Amsterdam to get stoned please go kill yourself. What is otherwise probably one of the nicest places in the world to live is partially ruined by weed tourists.

Lexicon posted:

It's the least odd dynamic in the world. Rents are paid for out of current income; so high income implies high rent. That's why Vancouver rent is pretty low in comparison - huge swaths of the working population earn peanuts.

Houses are, crucially, not paid for out of current income. They are paid for with credit or existing wealth. As the former becomes cheaper and/or more lax, it supports ever ascending prices - an effect that can be orthogonal to income.

Femtosecond posted:

Right I understand that mechanism. I guess what I mean is that it's odd to me because the balance of rent to housing costs seems a bit off where I'd expect it to be.

Really now that I'm thinking of it, it's clearly SF that's the "normal" market, and Vancouver is the "odd" one as some housing prices in Vancouver have no relationship to the average income. The difference in rent/house prices between SF and Vancouver I think lend weight to the argument that outside money is substantially impacting the Vancouver market.

Cultural Imperial posted:

All of you loving people that go to Amsterdam to get stoned please go kill yourself. What is otherwise probably one of the nicest places in the world to live is partially ruined by weed tourists.

Unironically, the suburbs of Amsterdam are sublime places to visit.

PT6A posted:

And also Pearson is a terrible, garbage airport. I haven't been to JFK or LAX, so I can't compare those, but YYZ is definitely worse than AMS, about equal with Frankfurt, and significantly worse than IAH.

Femtosecond posted:

Also [Airport Chat] clearly Gander is the best airport in all of Canada. http://www.dwell.com/rewind/article/aviation-preservation#3

It sounds like it's under risk of demolition, but people at least recognize there's some heritage value here. I hope they can come up with some solution.

https://www.heritagecanada.org/en/issues-campaigns/top-ten-endangered/explore-past-listings/newfoundland-and-labrador/gander-internati

Kraftwerk posted:

Amsterdam isn't the only good city. If someone told me I could go live in Utrecht I'd drop everything and leave in an instant.

sbaldrick posted:

Pearson is a loving paradise compared to Newark, the reigning shithole of Airports. You need to fly more if you think IAH is a good airport, Christ. My current favorite is SLC but I'm sure it's been renovated to poo poo recently like Logan's and Cincinnati did.

Rime posted:

What the actual gently caress does two pages of discussing airports around the world have to do with the Canadian Debt Bubble?

Cultural Imperial posted:

I love the Ottawa airport. But at the same time, gently caress Ottawa and the assholes who think that city deserves an awesome airport.

Rime posted:

What the actual gently caress does two pages of discussing airports around the world have to do with the Canadian Debt Bubble?

PT6A posted:

I made it across terminals in IAH in 15 minutes to catch a tight connection after United and Air Canada had both done their best to gently caress me leaving Calgary. That simply couldn't be done in YYZ, and it would be a loving struggle in most other large hubs, if not outright impossible (LHR or FRA? Forget about it!).

Also Pappadeaux's was delicious, and they served Shiner Bock in the United Club.

sbaldrick posted:

Pearson is a loving paradise compared to Newark, the reigning shithole of Airports. You need to fly more if you think IAH is a good airport, Christ. My current favorite is SLC but I'm sure it's been renovated to poo poo recently like Logan's and Cincinnati did.