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Topic: In other news ...

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bayareabadger

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Re: In other news ...
« Reply #3416 on: March 08, 2021, 07:36:31 PM »
Quote from: longhorn320 on March 08, 2021, 02:07:08 PM
there cant be too much debate

Biden shut down production on Federal land and has stopped issuing exploration drilling permits

the price of oil and gasoline has increased accordingly

no debate required
From June of 2014 to Jan of 2015, Oil prices fell by half. Was this because the president greatly expanded oil production? No. 

This is silly. 
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longhorn320

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Re: In other news ...
« Reply #3417 on: March 08, 2021, 07:39:01 PM »
Quote from: bayareabadger on March 08, 2021, 07:31:52 PM
Will be interested to see how much of this is real, how much is stunt. Smells like a stunt, but I suppose we'll see.
I think the states main case centers around only congress is supposed to pass laws involving money
and Biden is doing an end run by establishing what rates various agencies will use as a basis to charge states

but yes it should be interesting 
I mean if he can do that whats to stop him from coming out with new income tax rates
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bayareabadger

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Re: In other news ...
« Reply #3418 on: March 08, 2021, 07:39:35 PM »
Badge, I'm not gonna quote that article that came in formatted badly, but if we're gonna get mad at the mean ole media, let's not be quoting sketchy blogs out here fluffing people by way of summarizing WSJ opinion pieces. Like, we can just talk about the original opinion piece. 
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longhorn320

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Re: In other news ...
« Reply #3419 on: March 08, 2021, 07:40:47 PM »
Quote from: bayareabadger on March 08, 2021, 07:36:31 PM
From June of 2014 to Jan of 2015, Oil prices fell by half. Was this because the president greatly expanded oil production? No.

This is silly.
no its because he removed various restrictions on exploration and well development

some of this included fracking as well and increased the supply domestically 
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bayareabadger

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Re: In other news ...
« Reply #3420 on: March 08, 2021, 07:45:40 PM »
Quote from: longhorn320 on March 08, 2021, 07:39:01 PM
I think the states main case centers around only congress is supposed to pass laws involving money
and Biden is doing an end run by establishing what rates various agencies will use as a basis to charge states

but yes it should be interesting
I mean if he can do that whats to stop him from coming out with new income tax rates
Ahhh, looks closer. They're suing him for attaching numerical estimates that are supposed to guide policy. They worry it will be used to justify something involving money. That seems ... stunt-ish, but I'll wait for someone non-crazy with a legal background to weigh in more. 
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bayareabadger

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Re: In other news ...
« Reply #3421 on: March 08, 2021, 07:46:20 PM »
Quote from: longhorn320 on March 08, 2021, 07:40:47 PM
no its because he removed various restrictions on exploration and well development

some of this included fracking as well and increased the supply domestically
The president in 2014 removed restrictions on exploration?
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longhorn320

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Re: In other news ...
« Reply #3422 on: March 08, 2021, 08:05:29 PM »
Quote from: bayareabadger on March 08, 2021, 07:46:20 PM
The president in 2014 removed restrictions on exploration?
not sure if Obama did anything like that but if he did it was not even close to the steps Trump took

I seem to remember OPEC increasing production to derive prices down to run some of the oil shell guys out of business

maybe thats also part of it
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OrangeAfroMan

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Re: In other news ...
« Reply #3423 on: March 08, 2021, 10:46:46 PM »
Longhorn:  says something wrong
Multiple posters:  you're wrong, listen and learn more
Longhorn:  I still think I'm right
Multiple posters:  tries to explain/teach further
Longhorn:  I'm so right!
Multiple posters:  :banghead:
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“The Swamp is where Gators live.  We feel comfortable there, but we hope our opponents feel tentative. A swamp is hot and sticky and can be dangerous." - Steve Spurrier

bayareabadger

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Re: In other news ...
« Reply #3424 on: March 08, 2021, 10:56:33 PM »
Quote from: longhorn320 on March 08, 2021, 08:05:29 PM
not sure if Obama did anything like that but if he did it was not even close to the steps Trump took

I seem to remember OPEC increasing production to derive prices down to run some of the oil shell guys out of business

maybe thats also part of it
Correct. And yet, oil prices plummeted on his watch. 

And the reason is ... oil prices are very lightly impacted by the choices a president make and they are certianly not highly reactive as compared to big things like say a massive economic bounce back (which likewise is mostly not to a president's credit)
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longhorn320

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Re: In other news ...
« Reply #3425 on: March 09, 2021, 01:11:30 AM »
Quote from: OrangeAfroMan on March 08, 2021, 10:46:46 PM
Longhorn:  says something wrong
Multiple posters:  you're wrong, listen and learn more
Longhorn:  I still think I'm right
Multiple posters:  tries to explain/teach further
Longhorn:  I'm so right!
Multiple posters:  :banghead:
OAM I feel its necessary to point out the fact that youre an asshole of the highest caliber 



https://www.youtube.com/watch?v=bsHEHSrMDU0
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OrangeAfroMan

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Re: In other news ...
« Reply #3426 on: March 09, 2021, 01:26:43 AM »
For posting a summary?  Mkay.
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“The Swamp is where Gators live.  We feel comfortable there, but we hope our opponents feel tentative. A swamp is hot and sticky and can be dangerous." - Steve Spurrier

847badgerfan

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Re: In other news ...
« Reply #3427 on: March 09, 2021, 08:39:20 AM »
Quote from: OrangeAfroMan on March 08, 2021, 02:43:36 PM
I doubt I'd use papyrus in all-caps for being average. 
The writer used whatever font he chose. He was reporting on how Florida performed versus the lockdown states.

Florida performed fantastic, without killing its businesses, destroying young people, and it was done with a far older population than California.

Florida also concentrated on protecting its nursing homes, rather than murder the residents.

It was all done without touching the rainy day fund.

This is not average. This is A+.
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U RAH RAH! WIS CON SIN!

MrNubbz

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Re: In other news ...
« Reply #3428 on: March 09, 2021, 08:57:41 AM »
Quote from: bayareabadger on March 08, 2021, 07:36:31 PM
From June of 2014 to Jan of 2015, Oil prices fell by half. Was this because the president greatly expanded oil production? No.

This is silly.
Well to be fair it was at an average of 3.73 here in Ohio.And for some reason I remember discussing this with Gatorama at the time as he thought it might go over 4.I forgot what he did but he was much more on top of economical  complexities than I.Not sure how much more the Barons could squeeze out economy and it did fall to half for a whole 2 weeks(1.89) but wasn't consitently that.Then it climbed back to between 2.50-3.00 for 9 months.That's where we are here in Ohio right now and that was almost 7yrs ago.
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Cincydawg

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Re: In other news ...
« Reply #3429 on: March 09, 2021, 09:47:10 AM »
The US produces 19% of the global oil supply, ten percent of that comes from Federal land.

It will be a small factor in 2-3 years.  Exploration will shift to places like Texas.  Wyoming et al. Will suffer.  This will do zip for climate change.

The Canadian oil will also get refined.  It will be shipped by rail, more costly and dangerous than by pipeline.  Optics, not substance.
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