Tuesday, April 24, 2018
Business

Readers' comments on business news

Chevron reported 27 percent decline in profit May 3

Dwindling supply to impact economy

A one-paragraph blip tucked away in a corner of the business section May 3 may have been the most important story of the day in terms of impact on our lives.

The brief article mentioned Chevron's 27 percent decline in first-quarter profit, attributed to lower oil prices and rough winter weather. It went on to say, "Chevron and other major oil companies are struggling to maintain production as they drain oil and gas from their fields around the world. At the same time, the cost of exploring new fields is rising as they have to venture into more extreme and remote conditions to access hydrocarbons."

In other words, peak oil has arrived.

As the cost of getting oil and gas increases, market prices must also rise. But our ability to pay higher prices is limited due to their huge drag on the economy. When production costs exceed the affordability to consumers, shortages loom, because oil companies aren't going to produce if they don't make a profit.

It is difficult to overstate the implications of this. One thing is for sure: The greater the dependence on oil, the more difficult the future will be. That applies to whole cities and countries, as well as individuals. And it screams for all to do everything possible to reduce their use of fossil fuels as quickly as possible. For a continued dependence on them won't only lead to chaos and disruption of the climate, but our finances and economy as well.

Chip Thomas, Tampa

Comments
Shrinking supply of Tampa Bay condos and townhomes drives up prices

Shrinking supply of Tampa Bay condos and townhomes drives up prices

Sales of condos and townhomes in the Tampa Bay area jumped 9.5 percent in March, hitting a median of $156,000. The price gain was prompted in part by a supply shortage, with sales down 7.5 percent amid a dwindling inventory. Statewide, sales also lag...
Published: 04/25/18
Three artists picked to create art for St. Pete’s new pier

Three artists picked to create art for St. Pete’s new pier

ST. PETERSBURG — Pelicans will return to the pier in fanciful form.A California artist has been selected to create an enormous, red origami sculpture of a pelican that will serve as a metal perch for three more lifelike, but no less fanciful, imitati...
Updated: 6 hours ago
Career Q&A: Disillusioned with grind of telecommute

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Q: I have become very disillusioned with my telecommuting job. I accepted this position about a year ago because I liked the idea of working from home. However, I now have so many assignments that I can barely keep up. I was recently given a huge pro...
Updated: 8 hours ago
Pinellas County commits $41.7 million to Blue Jays Stadium

Pinellas County commits $41.7 million to Blue Jays Stadium

DUNEDIN — The Pinellas County Commission pulled the final trigger Tuesday on dedicating $41.7 million in bed taxes for upgrades to the Toronto Blue Jays’ stadium and spring training facilities, a pledge that amounts to covering more than half of the ...
Updated: 10 hours ago
Florida’s small businesses need more skilled workers, survey says

Florida’s small businesses need more skilled workers, survey says

Florida small business owners say their top concern is a lack of skilled workers, according to a recent survey by the Florida Chamber of Commerce. Workforce quality has been a recurring issue for small businesses, according to previous surveys. In th...
Updated: 11 hours ago
Marriott CEO: Our three-hotel bet at Water Street Tampa reflects how Tampa is evolving

Marriott CEO: Our three-hotel bet at Water Street Tampa reflects how Tampa is evolving

TAMPA — The world’s biggest hotel company already has 29 properties in the Tampa Bay area, but its CEO says a plan to put more than 1,400 rooms in three Marriott-branded hotels within a few blocks of each other says something about how Tampa is evolv...
Published: 04/24/18
Study ranks Florida No. 8 for most aggressive drivers

Study ranks Florida No. 8 for most aggressive drivers

If you’ve ever complained about other motorists on the road, you may have been justified. The Sunshine State ranked No. 8 on GasBuddy.com’s list of states with the most aggressive drivers."Our findings indicate that states with densely populated citi...
Published: 04/24/18
First curbside delivery, now Amazon leaves packages with no one in the car

First curbside delivery, now Amazon leaves packages with no one in the car

Amazon is taking the growing curb-side delivery trend a step further — now shoppers don’t even have to be inside their cars to get their items.The online retailer announced Tuesday it has begun delivering packages to newer cars with OnStar service in...
Published: 04/24/18
Ex-Yahoo paying $35M to settle SEC charges over 2014 hack

Ex-Yahoo paying $35M to settle SEC charges over 2014 hack

WASHINGTON — The company formerly known as Yahoo is paying a $35 million fine to resolve federal regulators’ charges that the online pioneer deceived investors by failing to disclose one of the biggest data breaches in internet history. The Securiti...
Published: 04/24/18
The ‘most interesting man in the world’ will be tending bar in Tampa on Friday

The ‘most interesting man in the world’ will be tending bar in Tampa on Friday

"Stay thirsty, my friends," the most interesting man in the world is coming to Tampa to tend bar on Friday. Jonathan Goldsmith, the face that launched a thousand memes, will be slinging cocktails at Tampa’s trendy Hall on Franklin, the food hall anno...
Published: 04/24/18