Hah! Well at least you're honest![]()
Hah! Well at least you're honest![]()
That guy gives engineers a bad name... AFK changing my major during senior year.
Seems like it should be an open enough career.
http://imgs.xkcd.com/comics/engineering_hubris.png
But then again...
Guy probably has solanis-syndrome anyways and is still in school to be an engineer rather than actually is an engineer.
Wat
I am somewhat sad our buddy seems to have left this topic. >:
I wanted to see him refute his own source.![]()
My experience with engineers and engineering students is they think everyone else is retarded and not worth a fuck. However, a lot of them couldn't spell, change the oil in their own car, or use vocabulary correctly in a sentence.
Futures don't reflect the cost of the good to consumer, which is what matters. Milk prices are up less than 3% per year over the past 10 years, they are not suffering from runaway inflation.
Futures are the most reliable source of actual prices one can find at any time of day week or year.
There are two reasons petroleum engineers get paid alot. One is that the only universities that offer it (17 of them) are high-class universities like Stanford. The other is that a petroleum engineer is more well-rounded than a mechanical or chemical engineer. They have to know about chemicals, mechanics, fluid mechanics, the drilling processes. They leave the school knowing alot more useful things than other engineers.
It has nothing to do with "selling your soul", half of the countries oil comes from small businesses like the one I work for. And they pay just as well or better, along with a better working environment and less cut-throat corporate bullshit.
People may believe the company I work for is the devil and that I sold my soul but I rest well knowing that there is no plastic, gasoline, rubber, asphalt, or lubricant without people like me. Without oil there is no hospitals, police, food in your grocery store, or vacations to hawaii.
I answered that alot. What isn't clear to you?
Yes they do, thats how most grocery stores get their milk, by buying it on the futures market then transporting it from the storehouse to their store. The only differing factors here are the transportation costs to the storehouse/store and what day the store bought it.
I already demonstrated that the price of a gallon of milk isn't inflating at even a quarter as fast as the futures. So, it doesn't work in this example. The price of a gallon of milk, over the past 10 years that you've been harping about, has risen less than 3% per year.
I'm not looking at intentional highs to lows. Even if you took the lowest a gallon of milk has been in the past 10 years and compared it to the high, you're looking at about a 40% increase. It's not suffering from rampant inflation. Please believe me, I get that this is shattering your worldview but I'm not making things up here.
If I could find the price of a gallon of milk in 1999 I would, best I can find is 2002-2012. Feel free to look yourself.