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4w ago

Go into debt if you have to

121 comments

Hang on, I'll ask my bank to give me a small loan of $20 million. I'm sure they will not laugh in my face and tell me to go fuck myself.
- The guy I had told me to pull myself up by the bootstraps and I ended up finding $20 mil in my sock
  
  Power of hard work and sacrifice right there, a true testament to the spirit of capitalism. If you can, all can.
- Maybe If you cut back on morning coffee and avocado toasts, you wouldn’t need a $20 million loan.
  
  The way economy is heading, this might be an accurate statement.
- Have you tried asking mom and dad?
- Nah, they'll laugh at first, but then you'll get taken upstairs and Jamie will open a bottle of your favorite Tequila, telling you that he thinks you need an even bigger credit line than you applied for.
  Wait, you don't run a wildly unprofitable company "worth" several billion dollars where you can use your equity as collateral for the credit line? Welp, sounds like a you problem.
  
  Not a me problem. I blame my parents for trying to be good humans and teaching values instead of just enslaving people in apartheid-ridden emerald mines.
- Just ask your Dad, dude.
  https://youtu.be/XE0nOfTA3pY

Buying a boat is a famously good investment
- It's such a good investment that it's why insurance was invented.
- Thanks for the advice!
- Break Out Another Thousand

Dump terrifying greenhouse gas methane into the atmosphere at industrial levels, go into debt if you have to.
- I'm contributing valiantly to this cause with my farts
- You basically just described the energy/economic strategy of most of the world’s countries…

You can’t argue with that price. A new one will set you back 80-250 mil. Crazy that people are sleeping on opportunities like this
- I have like 3K, if you come up with the other 19997000 we're golden.
  
  I'm $100k in the hole due to boomer parents telling me to get student loans for college since they blew all their money on stupid investment schemes, so can I give you an IOU or maybe like a hug or a handshake or something?
  
  Sounds like a solid plan. Just send your 3k over and I'll let you know they deliver our boat.

For anyone seriously considering this: don't.
"The LNG market is set to rapidly grow" is a lie. Economies are shifting away from fossil fuels, and i guess by 2040 no metric ton of fossil fuels will be transported anymore.
This is a waste of money. They just want to get rid of their end-of-use LNG tankers. So they are looking for idiots to buy them.
- Pfft idk, seems like maybe you just want to buy up all the tankers for yourself.
  
  no no, in fact i can sell you mine, too, if you want to, for a meager $24 million. same model as in the picture
- Too late, already bought 5
  
  Wow, you must be loaded. My bank only allowed me to take out a loan for 3.
- For anyone seriously considering this: how the fuck did you end up with that kind of money in your early twenties? Either you're business savvy in which case you won't consider this or daddy's rich in which case you should talk to your dad first.
  
  You get a small loan of 20 million dollars from your ~~patents~~, parents obviously
  
  Considering the value of the cargo, if you had that type of money to throw around, you could probably make a pretty profit. Fully loaded one of these tankers holds between $100,000,000 to $200,000,000 of LNG.
  Assuming a modest 3% profit margin, though I suspect that you could achieve 5% easily, you'd pay back the ship with 4 full shipments. Since at 3% you'd have 6 million in profit per trip.
- by 2040 no metric ton of fossil fuels will be transported anymore
  I seriously doubt it. Many countries are decarbonising like the UK has by getting rid of coal fired power stations and switching to renewables plus gas, because gas is a good way to solve the intermittency issues you get with many renewables. 2040 is not very far away, on that timescale the demand for LNG may actually go up.
- Could LNG tankers be retrofit to move Hydrogen? I could see some potential there.
- Economies are shifting away from fossil fuels, and i guess by 2040 no metric ton of fossil fuels will be transported anymore.
  We've got far too much legacy infrastructure and far too little public investment to ditch the vast number of small, cheap, highly lucrative LNG electricity plants scattered through North America and Western Europe.
  And with energy demand continuously outpacing supply in the near future, even the green power we do build will be absorbed by the electricity ravenous date centers we're constructing.
- Meantime in the real world:
  https://www.reuters.com/business/energy/eu-may-consider-replacing-russian-lng-imports-with-those-us-von-der-leyen-says-2024-11-08/
- Me when I spread misinformation online!
- I dunno about that. Based on this US data, its use seems to be expanding, even more so than renewables: https://www.eia.gov/energyexplained/us-energy-facts/
  This graph in particular shows this:

For some reason the bank won't let me take out an 8 figure loan to start my international piracy business. I'll be starting up a gofundme.
- All you need to do is find a stretchy guy made of rubber
- You've got to stare hard at the bank manager and say, "look at me. I'm the borrower now."

Yeah I'll just take a small loan of 20 million dollars from my normal worker parents..
- I love the idea of a bunch of rando's purchasing LNG shipping and just thinking... step one, done... step two, profit!
  it's so fantastically complex it's hilarious
  
  And then draw the rest of the fucking owl
  
  Step 1: Buy LNG tanker
  Step 2:
  Step 3: Profit
- Where do you even get a loan for just a million?
  
  Probably not out of line for a house these days. You can borrow the down payment from your boomer parents if they take out a heloc on their house.
  Payments are going to be a bitch at about $10k per month though with insurance and taxes lumped into escrow.

What if the front falls off?
- well this kind is not meant to do that
  
  Not unless a wave hits it
- This may be be best bit of all time. I think about it far too frequently.
- We'll just tow it outside of the environment
- Better hope you have good insurance, otherwise you're gonna have to pay for it being towed outside of the environment yourself.

Surely this is satire, right?
- The original was a fancy watch
  
  Interesting! This background story makes it much funnier: https://www.dailydot.com/memes/buy-a-rolex-go-into-debt-if-you-have-to-meme/
  
  Strangely enough, it both versions makes no sense

Hi, is this product still available?
I have 20 cents for a down payment.

...I mean, I don't think my bank's overdraft policy is gonna let me go THAT deep into debt
- It's okay we'll pay for the rest in apple cards

I hear LNG tankers are the new Bitcoin.
- You misspelled methane the natural gas that kills the populous as lng.
  
  Eh. Methane is worse when it's released as a gas than when it's burned and released as carbon dioxide. If you drive by oil refineries in Beaumont, TX, you'll see them burning off methane--flaring--because it's a byproduct of oil refining. Is any of this great, or even good? No; any way you slice it, it's all greenhouse gasses. OTOH, there are far fewer other pollutants with LNG than there are from coal-fired plants, and we don't yet have the capacity to generate sufficient power using renewables or nuclear. (Meanwhile, a lot of hydro power is at risk because climate change has shifted rain and snow patterns so that rivers and reservoirs are drying up so that we're losing that source of renewable power.)

One of my high school teachers retired and bought a river paddle boat to put a restaurant on it. The idea was to cruise the local bay and provide a nice dining experience. Two years into owning it, the hull started leaking quite substantially. Apparently, the hull had not been maintained properly over the years and was now dangerously thin. The boat ended up being scrap. I guess they weren't bringing in enough profit with it sailing, they didn't even try to land lock it.

Somebody is trying to sell LNG tankers to rich idiots. We're not switching to LNG, that was the 1980s through the 2000s. Solar, wind, and batteries are coming online. So LNG ships are actually starting to be replaced by battery ships.
If LNG was still a good ship to be purchasing, they wouldn't be selling them off.
- All due respect, wtf is a battery ship
  
  wtf is a battery ship
  https://en.wikipedia.org/wiki/Battery_ship
  
  It's a ship that carries electricity instead of gas. When it docks it hooks directly to the grid instead of a gas power plant.
  
  Does the word "battery" or the word "ship" confuse you?
- Are you able to show me some of these battery ships replacing LNG ships?
  Have never seen a battery ship before? How do they unload? How fast?
  
  yeah uh.. im also kind of unsure what OP meant here. there is no direct battery analogue to an LNG tanker because there's nothing to tank. ships that run partially or entirely on batteries are absolutely a thing, but they're not doing it in order to move the energy around.

I eat enough beans that my body qualifies
- Lemmy admin energy
- Hereby I name you "The Vessel"
  
  Oh my

Be me Get job as Outbound Sales Consultant for ENGIE No idea how to sell LNG tankers to general public Post to LinkedIn that people should just buy one
Maurice Tessier Barrera - Outbound Sales for Energy Markets - Energy Leads | LinkedIn

Ima just leave this here, Climate Town's discussion of Natural Gas (or what we call Methane. Fart gas.)
He explains how ~~it's a~~ LNG is really fucking everyone over. Some points:
NG infrastructure is leaky and causes lots of non-point-source pollution.
Methane was supposed to be a transitional energy source as we moved towards renewables, but instead we're leaning heavily on methane while China is securing all the science patents and materials for solar.
LNG is super inefficient. I think like 20% of it is used up in the liquification process, which is required for transit overseas. This is to sell it to nations abroad.
Since we're really trying to get to renewables, everyone buying LNG is a jerk, and everyone selling it is also a jerk.
If even one of these supertankers has a rupture incident, it will fuck the Earth, and I'll be sore as I watch wildfire ravage California, and by east coast buddies get hammered by hurricanes. Also we'll be closer to permanent drought and then global famine.
Seriously, Methane is bad. NG infrastructure should be moved away from as quickly as possible. LNG is really extra super bad, and can ruin our kids' futures.

~~If you have $20 million you can just live off the interest and chill~~ Line must go up

Hello I would like to go into $19.990.000 debt please. I need to buy a LNG tanker for reasons...
- Look at you with $10,000 spare. Show-off
  
  I am living the dream!

BRB, gotta check between the sofa cushions.

Damn, I'm in my late 30s, too late *sadface

"Get an LNG tanker. Bitches love an LNG tanker."
- Especially if you put some tanker nuts on the back where the trailer hitch is

I can imagine the raucous laughter behind me as I exit the bank, fist clenched in anger and face red with embarrassment, after explaining to the loan officer that I needed $20m to purchase an LNG tanker but also that I have never been a sea captain, don't know anything about natural gasses, and have no supply chain for acquiring or selling the product that said tanker is meant to distribute.
Nah, I'm good. I'll stay poor.
- see this is the kind of poor person thinking that will not get you anywhere. This dude here is sharing the secret to infinite money, and you just shrug it off
- Also that you only saw the picture on the internet and have not actually seen the ship

https://knowyourmeme.com/photos/431312-i-should-buy-a-boat-cat

I've definitely had natural gas that turned out to be liquefied. Luckily, I was on the toilet already.

"I bought cardboard when it was 14 cents a ton."
- (ha - getaway car)

Just buy a ship, is not hard bro

Is this still available?

The thumbnail image looked like four eggs, and the title still made sense.

I'd probably invest 20 Million USD into producing open source Camera Bodies/Frames and Routers. As a side job I'd produce reclaimed/refurbished capacitors. As a venture I would invest in brine pit water electrolysis with a pendulum separation second stage to produce petrol salt byproduct, Oxygen, and Hydrogen while also cleaning up groundwater contamination.
The components for both camera bodies and routers are cheap but the end result gets sold for hundreds of dollars, and in fact there are very few options that aren't filled with proprietary firmware and are difficult to open or service.
The capacitors I expect to work as my retirement. In a transition to solar and hydrogen economy they will forever be in demand, and can even be sold for profit currently if you buy in bulk and fashion in home capacitors to limit high-usage surge pricing of utilities to a minimum.
The venture I spoke of almost certainly will operate at a loss. Even if the hydrogen and oxygen are valuable, and even if you can find a use for the salts, it's going to cost a metric butt-ton of electricity to operate: first for the pumping, second for the electrolysis. Secondly, the equipment would need constant maintenance and could be hazardous under high (and efficient) load.

big if true

I'm not that well to do, but I hold my own. I only got 3 old CNG tankers. My kid's kid's kid's kid's kids will probably have the tankers paid off in no time!... Think about it! Say you got 3 kids, and they get 3 kids each, so that's 3^5 =243! So like $100k each! That's 5 short years of eating top ramen every day.

Am about $140k in debt right now. Housing ain't cheap. And fuck you downvoting knownothings

I'll take one, when it gets cheaper than a house.

121 comments