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re: Eric Trump: “Welcome to American Bitcoin”
Posted on 11/25/25 at 2:56 am to hawgfaninc
Posted on 11/25/25 at 2:56 am to hawgfaninc
In a TEOTWAWKI scenario, what is crypto worth?
1
Posted on 11/25/25 at 5:27 am to TrueTiger
quote:
In a TEOTWAWKI scenario, what is crypto worth?
The same as a dollar bill, 0.
This post was edited on 11/25/25 at 5:29 am
Posted on 11/25/25 at 6:06 am to hawgfaninc
Yet BTC is down 6.5% YTD
Posted on 11/25/25 at 6:13 am to 844_Tiger
quote:
Anyone who has traveled to the Permian or the Bakken shale and seen the enormous amount of gas flaring out in the fields
I’m no mathamajician but always felt the burning off of all that natural gas will be one of those “what were they thinking” moments, in the long arc of history.
I get it. They aren’t drilling for gas and it’s not practical to capture it all, but dang. Each one of those flares could probably heat a home for 1000 years every 5 minutes it’s being burned off.
At least in Texas they are required to capture it after a period of time. In the Bakken they fine them like $20 a day after 90 days or something insane like that. But, alas, the reservations can make their own rules.
The Bakken Formation supports an unconventional oil and natural gas play in North Dakota and Canada. The main product is oil, but most wells also yield natural gas that has few local markets, storage options, or pipelines. Much of that natural gas is flared. This satellite image was compiled by NASA; the annotations, caption, and inset map were produced by Geology.com.
The Eagle Ford Shale of Texas is a crescent-shaped area of drilling activity north of Laredo and South of San Antonio. It is clearly mapped using data from the Suomi satellite which senses electric illumination and heat from natural gas flaring. This satellite image was compiled by NASA; the annotations, caption, and inset map were produced by Geology.com.
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