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Topic: In other news ...

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FearlessF

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Re: In other news ...
« Reply #14182 on: March 08, 2022, 06:31:46 PM »
Carson is the legend, and Letterman is an all-time great.



you got the first half
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longhorn320

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Re: In other news ...
« Reply #14183 on: March 08, 2022, 06:47:21 PM »
a) this isn't exactly true. Venezuela and Saudi Arabia have the most proven oil reserves of any countries in the entire world. Proven reserves are defined as reserves that have a 90% or greater chance of being present and economically viable for extraction/production. Venezuela has a little bit more proven reserves, Saudis reserves however are easier to extract and therefore far more profitable to extract. Even if US holds "most untapped reserves" - that could largely just be theoretical and extremely cost prohibitive to tap and therefore not worth a whole lot.

As my post states I was talking about untapped oil reserves not proven oil reserves and its true we are the largest holder of untapped oil in the world.  This again means to me we should not be dependent on anyone for our oil.

b) the US isn't dependent on another country for it's oil. we produce a ton of oil. but we also use a ton of oil. US military/DoD alone is the single largest consumer of oil in the world. US military consumes more oil than a lot of entire countries

If we are not dependent on another country for our oil then why dont we have a net export of oil instead of importing.   Under the current administration we went from being a net exporter of oil to being an importer of oil hence we are depending on other countries for some oil and that is what we should stop.


oil is a global market and price is affected by more than just US production. US is but a player in that global marketplace. Saudis/OPEC produce like 40% of all worlds oil. That organization alone and country of Saudi Arabia alone probably have the most sway over price of oil.

I was not talking about the price of oil but thanks for the info
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Mdot21

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Re: In other news ...
« Reply #14184 on: March 08, 2022, 07:49:24 PM »
have no idea who this publisher is, but why am I not surprised? Lol.


https://twitter.com/unusual_whales/status/1501266170371993600?s=20&t=rSGYM7r5_B25oRbh9QAkPw

longhorn320

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Re: In other news ...
« Reply #14185 on: March 08, 2022, 09:48:19 PM »
to be truly fair to them a lot of them use investment advisors who make these stock purchases without express permission

This doesnt change my view point that members of congress should not be in the market
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bayareabadger

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Re: In other news ...
« Reply #14186 on: March 08, 2022, 10:30:33 PM »
to be truly fair to them a lot of them use investment advisors who make these stock purchases without express permission

This doesnt change my view point that members of congress should not be in the market
While probably not possible, this does feel like a nice goal.

The other part reads like cold reading. Like, this war has been in the works for how long? And banning Russian oil was an inevitable possibility (not to mention general oil market disruption). Short of barring them from being in the market, some of them are gonna be paying smart stock people who could’ve read the super obvious tea leaves.

847badgerfan

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Re: In other news ...
« Reply #14187 on: March 09, 2022, 07:37:44 AM »
Looks to me like the impact of COVID was a lot more important than the impact of POTUS...
You could say that, sure.

Covid got the current president elected, with the most votes ever tallied, and the CCP loves it.
U RAH RAH! WIS CON SIN!

Cincydawg

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Re: In other news ...
« Reply #14188 on: March 09, 2022, 07:43:32 AM »
Analysts on inflation, recession after Russian oil bans (cnbc.com)

Matt Smith, lead oil analyst at Kpler, told CNBC on Wednesday that “self sanctions” would exacerbate the pressure in energy markets.
“Before even the sanctions were announced, I think that we would have had a lot of U.S. companies already balking at the idea of buying Russian crude oil products,” he said. He raised the example of Shell, which got “absolutely lambasted” for buying Russian oil at discounted rates. It later apologized and said it would stop all purchases of Russian oil and gas.
“I think self sanction is really kicking in. We’re seeing the buying actually being halted,” Smith said. “By all means, yes, self sanctioning is having as much impact as the sanctions themselves.”

This is what I saw saying yesterday, Russian oil was already off the US market, or nearly so.  China and India will no doubt step in to the extent possible, they can buy it at discount now.  

The drop in US oil production in February 2021 was weather related, the major drop was COVID related, since then production is climbing back, and yes, the recovery could have been steeper.  Oil companies got hit pretty hard by COVID, at one point oil futures went negative.  They worry major investments now that would produce oil in a year plus will be similarly unneeded.

« Last Edit: March 09, 2022, 07:56:14 AM by Cincydawg »

MaximumSam

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Re: In other news ...
« Reply #14189 on: March 09, 2022, 08:02:10 AM »
You could say that, sure.

Covid got the current president elected, with the most votes ever tallied, and the CCP loves it.
I wish they did. Still waiting on some leadership that embraces competition from another country instead of blithely (and uselessly) waxing about how bad it is that other places are doing well economically.

Mdot21

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Re: In other news ...
« Reply #14190 on: March 09, 2022, 08:49:08 AM »
I wish they did. Still waiting on some leadership that embraces competition from another country instead of blithely (and uselessly) waxing about how bad it is that other places are doing well economically.
yeah so this is just a really foolish way of thinking. 

China has been doing well economically largely at the expense of the US. Chinese markets are not free and open to US companies. US companies can't be listed on any of their stock exchanges. Chinese companies can and often are listed on our stock exchanges. It's incredibly hard for US investors to invest in China and basically impossible for a US investor to buy property over there. Chinese companies can come here- and do come here and invest in whatever the hell they want and buy as many properties as they want. US companies cannot operate in China without starting a new 50-50 joint-venture that is half-owned by the CCP- and the CCP FORCES said US companies to transfer technology and trade secrets. The US obviously does not do this.  China is the single largest intellectual property thief in the world. That is very bad for US firms who own said IP. China is also the single largest currency manipulator in the world- which helps them maintain their stranglehold on cheap competitive exports. China dumps commodities (steel, rare earths, solar panels) on the world market like clockwork to gain world dominance over entire industries.

People talk about Free Trade agreements all the time. Free trade agreements are nothing more than investors rights agreements. The destruction of US manufacturing and US off-shoring of millions of manufacturing jobs to China in order to use slave labor and have fewer environmental regulations is not free trade. Capital can flow freely, but labor cannot. If there was really "free trade" both sides would be subject to same environmental regulations and labor standards. China has been imposing tariffs on US products for oh ever. It was nice to finally see the US retaliate in kind.

The last guy was the first President to talk about any of this that I can remember. And he was dead right on all of it. My only gripe with him is that he did not hammer China hard enough. I wish the US would've crushed China in the late 90s or early 2000s like they are trying to crush Russia right now. We're so god damn intertwined now with China that it is impossible now.

Cincydawg

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Re: In other news ...
« Reply #14191 on: March 09, 2022, 08:54:15 AM »
PepsiCo, Coca-Cola, McDonald’s and Starbucks each said Tuesday they are suspending business in Russia after that country’s invasion of Ukraine, a symbolic move by four iconic U.S. brands.
  • PepsiCo has sold it products in Russia for more than six decades.
  • Coca-Cola came to Russia in 1992.
  • McDonald’s opened its first location in Moscow in 1990, just months before the fall of the Soviet Union.
  • Starbucks entered the Russian market in 2007.
In recent days, before their announcements, all four had faced heavy criticism for continuing to operate in Russia, while other U.S. companies announced suspensions and paused sales.



Cincydawg

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Re: In other news ...
« Reply #14192 on: March 09, 2022, 08:54:38 AM »
McDonald's obviously caused the fall of the Soviet Union.

847badgerfan

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Re: In other news ...
« Reply #14193 on: March 09, 2022, 09:01:17 AM »
U RAH RAH! WIS CON SIN!

utee94

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Re: In other news ...
« Reply #14194 on: March 09, 2022, 09:15:20 AM »
I wish they did. Still waiting on some leadership that embraces competition from another country instead of blithely (and uselessly) waxing about how bad it is that other places are doing well economically.

yeah so this is just a really foolish way of thinking.

China has been doing well economically largely at the expense of the US. Chinese markets are not free and open to US companies. US companies can't be listed on any of their stock exchanges. Chinese companies can and often are listed on our stock exchanges. It's incredibly hard for US investors to invest in China and basically impossible for a US investor to buy property over there. Chinese companies can come here- and do come here and invest in whatever the hell they want and buy as many properties as they want. US companies cannot operate in China without starting a new 50-50 joint-venture that is half-owned by the CCP- and the CCP FORCES said US companies to transfer technology and trade secrets. The US obviously does not do this.  China is the single largest intellectual property thief in the world. That is very bad for US firms who own said IP. China is also the single largest currency manipulator in the world- which helps them maintain their stranglehold on cheap competitive exports. China dumps commodities (steel, rare earths, solar panels) on the world market like clockwork to gain world dominance over entire industries.

People talk about Free Trade agreements all the time. Free trade agreements are nothing more than investors rights agreements. The destruction of US manufacturing and US off-shoring of millions of manufacturing jobs to China in order to use slave labor and have fewer environmental regulations is not free trade. Capital can flow freely, but labor cannot. If there was really "free trade" both sides would be subject to same environmental regulations and labor standards. China has been imposing tariffs on US products for oh ever. It was nice to finally see the US retaliate in kind.

The last guy was the first President to talk about any of this that I can remember. And he was dead right on all of it. My only gripe with him is that he did not hammer China hard enough. I wish the US would've crushed China in the late 90s or early 2000s like they are trying to crush Russia right now. We're so god damn intertwined now with China that it is impossible now.

In addition to all of this, Chinese manufacturing firms and OEMs are effectively state-owned.  They regularly operate at a loss in order to undercut, damage, and destroy their American competitors, and their losses are directly subsidized by the CCP.

This is not a free market at all.  There can never be market competition with China or any other totalitarian state.  China has been waging war on the US for over six decades and the fact that most Americans still don't realize it, is precisely why we're losing that war so badly.

847badgerfan

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Re: In other news ...
« Reply #14195 on: March 09, 2022, 09:27:38 AM »
In addition to all of this, Chinese manufacturing firms and OEMs are effectively state-owned.  They regularly operate at a loss in order to undercut, damage, and destroy their American competitors, and their losses are directly subsidized by the CCP.

This is not a free market at all.  There can never be market competition with China or any other totalitarian state.  China has been waging war on the US for over six decades and the fact that most Americans still don't realize it, is precisely why we're losing that war so badly.
This could not be stated any better.
U RAH RAH! WIS CON SIN!

 

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