LE and I are here in Breckenridge, Colorado and after a long day of skiing/riding we obviously decided to sit in the hot tub to relax. Well 20 minutes in our fellow guest at this BnB joins us. The conversation goes from tourism, land deals, oil and mineral rights, politics, cars, future of energy, London, taxes, military and back to oil and land. It was a good 2 hours of semi-intellectual conversation (mostly buy the other guy) but there was some really interesting things brought up that I wanted to remember/share.
Some background, the guy is 50+ born and raised in the UK but has lived in Fort Worth, Texas for 20+ years, enough to refer to the USA as ‘we’ and ‘us’. He never actually disclosed what he did but at one point said he runs an oil and gas company in Texas and between that and his stories of travel, high-society friends and business in general, I’m pretty sure he’s very well to do.
Some interesting points talked about:
– US M1 Abrams tanks, the big ones used in the Middle East, run off turbine engines (jet engines basically) and they last an average of 2 weeks in the desert. The cost to replace one of these engines: $750,000 each. The US has replaced them so many times and have gotten so good at it, the military mechanics can do it in an average of 40 minutes. Ridiculous!
– He has a friend who bought a high building in Ft Worth, someone wanted the building and those people had been using his mineral rights w/o knowing. Their inquiry into buying his high rise brought this to his attention. They settle out of court and the guys sells his building and rights for well over 10x what he paid for them. He turns around and buys 23 square miles of land in Jackson’s Hole, Wyoming which happens to be the most expensive real estate in the US today. Total dollars spent in taxes on the sale and purchase =$0! Apparently there are some laws if you sell some commercial real estate you can reinvest that money into real estate in 90 days and pay no taxes on the sale. Mind = blown.
– Electric Cars are going to present a bigger problem in the future with battery waste and believes they are not the future. Too many additional problems as well (charging times, battery life, battery waste, range etc). Natural Gas cars and trucks are the future. Burns Clean, USA has more natural gas then we know what to do with it which makes it dirt cheap. Chevy and Dodge coming out with natural gas truck models soon, maybe this year.
– Ford has versions of its cars in the UK/Europe that run on small diesel engines that are faster than their US counterparts and get 50+ mpg. New model will break the 70mpg mark. US diesel is too dirty for these cars. Sad.
– He drives a car that gets 5mpg and he and his wife use 1,000 gallons a month but “we produce it so I should probably use it.”
– Rick Santorum scares him.
There was more but we are going to eat now and I have to leave something for conversations when we get back. Needless to say, It was an interesting 2 hours. I love talking to smart / interesting people.
I was playing hoops today at the outdoor courts at NC State and started thinking about being old. It is funny how no matter what age you always think you are old. When you get into high school you think you are all grown up. When you get into college you look back at high school kids and think they are young and now you’re really an adult. And when you are in your 20-30s you look at the college kids and think they are just kids. The only thing I could think of is that we only have a limited perspective of where we’ve been and how far we’ve come.
Why do we always feel the need to be old?
99% of the time I can fall asleep anywhere anytime under any condition but on that rare occasion my brain actually works it goes a mile a minute. I’m hoping if I type this out I’ll be able to shut down instead of listening to my dogs snore for the last 2 hours.
– somehow somebody needs to develop an app that will type out your internal monologue/stream of conscience. Bonus if it could do it in pictures. How much more interesting would Facebook be?!!!
– I’m seriously addicted to kickstarter. Between that and shark tank on ABC I’m constantly thinking about stuff to make and sell. The guy who created the clean bottle, which is a simple water bottle that opens at both ends for easy cleaning is making millions selling $5 water bottles! The Internet is amazing. Assume you had a simple $5 product, how easy would it be to make 1,000 sales with all the people in your social network and their networks. Pretty easy right?! Quick $5,000. Imagine if it catches on?!
– I need to Do more and think less
– speaking of thinking I have another app idea. If anyone reads this tell me if it makes sense. An app to track the things you like. Example; I drink at least one cup of green tea a day but I really don’t know much about them but I’ve found a few that I like and some I don’t like. I take a picture of the ones ive tried , mark it as like/dont like, tag it, write what I like about it or dont and file it away under green tea. So next time im in the store I can pull up my list and see which ones I want and which to avoid. Could be used for anything! Beer, wines, hotels, apps, meals etc etc. My personal inventory. I’m sure there is a way to make it social but I havent thought that far into it but might be nice if you want to bring someone a tea and could look up what they like.
Question- how to monetize
– this is the sort of thing I think about all day
– I wish exercise was fun. I really want to get in better shape but the gym is so boring. If I could play something fun and get in shape, I’d do it everyday. Saturday football and hoops at grand slam have been great lately. And i feel like i really worked out. I need more! Suggestions?
– I’m starting a list of things I want for the house: new garage opener, projector for garage bar, platform for theater room second level couch, area rugs, runners, dog door… I’m forgetting a few things.
I just realized there are a lot of questions in here and I’m pretty sure only 3 people will see this. (hi wife, Thomas and Evan)
Ok time to try to sleep.