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Topic: In other news ...

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longhorn320

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Re: In other news ...
« Reply #10458 on: November 23, 2021, 08:43:02 PM »
if we make a good enough profit, it might not favor China, it might favor the US
why would China even agree to this if they werent getting a discount

this could turn out to be very bad
They won't let me give blood anymore. The burnt orange color scares the hell out of the doctors.

FearlessF

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Re: In other news ...
« Reply #10459 on: November 23, 2021, 08:43:55 PM »
I'm doubting the oil ever gets to China

but, I doubt the media every day
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

FearlessF

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Re: In other news ...
« Reply #10460 on: November 23, 2021, 08:44:54 PM »
in a world market, what difference does it make where the oil ends up?

It's on the market and driving down prices overall
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

Mdot21

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Re: In other news ...
« Reply #10461 on: November 23, 2021, 08:47:14 PM »
Biden is literally a dipshit. All he's got to do is call Mohammad Bin Salman, kiss the guys ass a little bit and make a state trip to Saudi Arabia. Biden refuses to talk to the guy, and MBS is talking it personal.

There are a lot of factors all compounding at once which is driving up inflation and driving up costs. Skyrocketing oil prices is one big factor. The one ruler in the world who can flip that switch and start to reverse it- and President shit for brains still refuses to call him.

Mdot21

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Re: In other news ...
« Reply #10462 on: November 23, 2021, 08:54:35 PM »
in a world market, what difference does it make where the oil ends up?

It's on the market and driving down prices overall
it doesn't really. what matters is the price of the oil and that the oil trade is denominated in US dollars. when Nixon delinked the dollar from gold in early 1970s and de facto backing it in oil via agreement with Saudi Arabia to standardize the sale of oil in US dollars.

this agreement helped give us hegemony over the entire world and it allows us a special position as the reserve currency of the world- which is a gigantic advantage no other country in the world enjoys.

Mdot21

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Re: In other news ...
« Reply #10463 on: November 23, 2021, 09:02:54 PM »
Yeah the country will probably implode from people so eager to buy stuff and travel places
what world do you live in brother? people are broke as a f***kin' joke out here right now. And they are all quitting their jobs.

There's a small class of people that have all the money- then there's a slightly larger class of people that have some money- and then basically everyone else is broke af. the US has morphed into an oligarchy where the gap between the haves and have nots has grown at an exponential level. the pandemic and US gov't passing cares act has only made the wealth inequality gap widen to historic levels- levels that surpass and were not even seen in the gilded age. 

bayareabadger

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Re: In other news ...
« Reply #10464 on: November 24, 2021, 12:29:18 AM »

Ive seen it on several sources

again I have no problem selling stuff to China but not from our reserve


The oil market is relatively liquid, as I understand it. It's all oil, so it's just supply and demand. If we release oil, it might help lower the price overall. From a quick read, doesn't seem like it'll be that effective, but it's an act of doing something. 

Seems like some basic econ, not all that spicy, I'm afraid. 

longhorn320

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Re: In other news ...
« Reply #10465 on: November 24, 2021, 01:54:08 AM »
The oil market is relatively liquid, as I understand it. It's all oil, so it's just supply and demand. If we release oil, it might help lower the price overall. From a quick read, doesn't seem like it'll be that effective, but it's an act of doing something.

Seems like some basic econ, not all that spicy, I'm afraid.
Biden has caused some of the gas price problem when he took us from self sufficient to having to depend on the oil cartel

He needs to restore exploration to where it was under Trump and finish the pipeline he stopped being constructed putting 5000 out of work

Leave our reserves alone unless we need them for the US

I fear this is only the first step with more to follow

Instead of lowering our oil reserves he needs to enforce our southern border and quit importing illegals and shipping them all over the country
They won't let me give blood anymore. The burnt orange color scares the hell out of the doctors.

OrangeAfroMan

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Re: In other news ...
« Reply #10466 on: November 24, 2021, 05:59:19 AM »
longhorn is afraid it will be bad because he's told to be afraid.  Fear-mongering works on him.

And when a Dem is the president, he's to blame for high gas prices, but not when a Rep is in office.  

He probably thinks when a character dies in a movie, the actor is actually dead now.
“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

MaximumSam

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Re: In other news ...
« Reply #10467 on: November 24, 2021, 06:58:10 AM »

Quote
Instead of lowering our oil reserves he needs to enforce our southern border and quit importing illegals and shipping them all over the country
Nothing helps the labor supply like locking up the labor

Cincydawg

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Re: In other news ...
« Reply #10468 on: November 24, 2021, 07:50:56 AM »
US production is on the rise again, slowly, it's not a simple matter of turning a dial of course.  This 50 million barrels is about 2.5 days of US usage, and oil prices were up 3% or so yesterday (the news had been anticipated).  I see it as optics, not something that will actually influence oil prices materially.  Neither would have a go ahead on some oil pipeline from Canada.

The truth often is in the middle.


MrNubbz

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Re: In other news ...
« Reply #10469 on: November 24, 2021, 08:17:16 AM »
Biden is literally a dipshit. All he's got to do is call Mohammad Bin Salman, kiss the guys ass a little bit and make a state trip to Saudi Arabia. Biden refuses to talk to the guy, and MBS is talking it personal.

There are a lot of factors all compounding at once which is driving up inflation and driving up costs. Skyrocketing oil prices is one big factor. The one ruler in the world who can flip that switch and start to reverse it- and President shit for brains still refuses to call him.
1st off the guy can't produce a word let alone a coherent sentence.His handlers would have to slap something together and do a voice over
"Let us endeavor so to live - that when we come to die even the undertaker will be sorry." - Mark Twain

Cincydawg

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longhorn320

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Re: In other news ...
« Reply #10471 on: November 24, 2021, 09:10:52 AM »
longhorn is afraid it will be bad because he's told to be afraid.  Fear-mongering works on him.

And when a Dem is the president, he's to blame for high gas prices, but not when a Rep is in office. 

He probably thinks when a character dies in a movie, the actor is actually dead now.
Thats all ya got

sheesh Im dealing with children

if you cant see the harm this Pres is doing your too far gone to save
They won't let me give blood anymore. The burnt orange color scares the hell out of the doctors.

 

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