Jlc wrote: ↑Mon Oct 11, 2021 7:55 pmTrue.
The fed is the equivalent of a house painter, they paint the policy pig and to that point inflation under biden has reached levels not seen since jimmy carter. Supply chain, I won't speak for the rest of the country but in california, a governer with something on his mind beyond his hair and programing the state's children should be able to come up with a workable solution. As for a recovering economy, biden seems to be doing all he can to prevent or slow the recovery. Note bidens failure to meet employment targets for the last 2 monthsActually, the Fed tries to control inflation around 2%. It will be interesting to see how things play out once there is some sembelance of a normal economy. High demand and short supply of things like cars, cotton have driven up prices; once supply chains return to normal we should see some easing.
Rising but in a controlled manner, not the 1970's manner that bidens policies have brought usInterestingly, inflation was rising under trump until the pandemic hit.
Glendale is way farther than a jog to the beach. Arrests included a couple of surfers, a kayaker, and lifeguards landed a boat on the beach at Santa Monica to arrest a jogger.If you're talking about the guy in Glendale he was arrested for spitting on and threatening people.
Funny, but I was thinking more along these linesYea, Florida can be pretty bad.
https://www.youtube.com/watch?v=hahONQZNjMU
President Donald J Trump makes history...
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Re: President Donald J Trump makes history...
Re: President Donald J Trump makes history...
You must have missed the "keep it simple" part of my statement. However, given the shape London's in, I can see you viewing those things as minor.
What I disagree with is your willingness to accept them as normal.
Re: President Donald J Trump makes history...
The control the money supply and since Inflation is always and everywhere a monetary phenomenon they have some good levers to control it.
Actually, the Fed's estimate of 4.2% for the year is less during the GHW Bush high points. We'll have to see how accurate the Fed's 2.2 for 2022 estimate is. Frankly, if we can be reccovered by 2022 and keep inflation at or near the Fed target of 2% the economy will be doing well.under biden has reached levels not seen since jimmy carter.
You can't magically create new ports and truck drivers.Supply chain, I won't speak for the rest of the country but in california, a governer with something on his mind beyond his hair and programing the state's children should be able to come up with a workable solution.
How so?As for a recovering economy, biden seems to be doing all he can to prevent or slow the recovery.
Well, trump had the worse job loss since Herbert Hoover.Note bidens failure to meet employment targets for the last 2 monthst.
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Re: President Donald J Trump makes history...
bit of a double standard eh.....And apparently not all londoner's fell the same
https://s.abcnews.com/images/Health/Wir ... x9_992.jpg
Re: President Donald J Trump makes history...
CSGuy wrote: ↑Tue Oct 12, 2021 5:33 pmbit of a double standard eh.....And apparently not all londoner's feel the same about the ability to have a few drinks
https://s.abcnews.com/images/Health/Wir ... x9_992.jpg
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Re: President Donald J Trump makes history...
How do you know that is a photograph taken in London?CSGuy wrote: ↑Tue Oct 12, 2021 5:33 pmbit of a double standard eh.....And apparently not all londoner's fell the same
https://s.abcnews.com/images/Health/Wir ... x9_992.jpg
Re: President Donald J Trump makes history...
ABC said it was. Are you saying they lied?Pod wrote: ↑Tue Oct 12, 2021 5:39 pmHow do you know that is a photograph taken in London?CSGuy wrote: ↑Tue Oct 12, 2021 5:33 pmbit of a double standard eh.....And apparently not all londoner's fell the same
https://s.abcnews.com/images/Health/Wir ... x9_992.jpg
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Re: President Donald J Trump makes history...
[/quote]
ABC said it was. Are you saying they lied?
[/quote]
I doubt if any news organisation would let the whole truth get in the way of a good story
ABC said it was. Are you saying they lied?
[/quote]
I doubt if any news organisation would let the whole truth get in the way of a good story
Re: President Donald J Trump makes history...
This is the West, sir. When the legend becomes fact, print the legend.
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Re: President Donald J Trump makes history...
You two are starting to sound Deplorable
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Re: President Donald J Trump makes history...
FUCK PUTIN
Any photoshop experts please contact me. I have a project for you.
Mods, please let me know if that’s inappropriate. Thank you very much
Ralph
Any photoshop experts please contact me. I have a project for you.
Mods, please let me know if that’s inappropriate. Thank you very much
Ralph
There is a very fine line between "Hobby" and Mental Illness.
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Re: President Donald J Trump makes history...
Well, we're "supposed" to let it fly in the saloon
Not to worry, I keep an eye on every post
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Re: President Donald J Trump makes history...
Not really - other pipelines are being built and there is plenty of capacity to carry the expected increase in oil from Canada. Keystone XL would have shortened the route and increased capacity by about 1/2 for the pipeline but its cancellation will not really impact oil import capacity from Canada. In addition, we'll still be able to export oil to Canada as well.
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Re: President Donald J Trump makes history...
Yeah rightJlc wrote: ↑Tue Mar 15, 2022 4:51 pm Not really - other pipelines are being built and there is plenty of capacity to carry the expected increase in oil from Canada. Keystone XL would have shortened the route and increased capacity by about 1/2 for the pipeline but its cancellation will not really impact oil import capacity from Canada. In addition, we'll still be able to export oil to Canada as well.
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The problem is not US capacity, but that oil prices are determined globally. US firms could ramp up production but they no doubt remember tha last bom that went bust and it's hard to get the equipment needed to drill, so are happy taking the profits now and returning the money to shareholders instead of investing in capacity. Fortunately, Brent Crude price has dropped by ~30% off its high.
In 2021, the US exported more petroleum products than it imported.
Maybe we need another Covid wave to shut everything down and cause demand to drop like a rock again to bring prices down.
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Re: President Donald J Trump makes history...
If I understand you correctly, you're saying distribution costs have no impact on the price of the product.Jlc wrote: ↑Tue Mar 15, 2022 4:51 pm Not really - other pipelines are being built and there is plenty of capacity to carry the expected increase in oil from Canada. Keystone XL would have shortened the route and increased capacity by about 1/2 for the pipeline but its cancellation will not really impact oil import capacity from Canada. In addition, we'll still be able to export oil to Canada as well.
and yes I realize keystone was never operational. In the case of the meme it's used as a lightning rod for the many roadblocks biden has put in front of the oil&gas industry
Re: President Donald J Trump makes history...
you do realize biden enacted restrictions immediately after taking office that cut domestic oil production, as the recovery was starting to look up.Jlc wrote: ↑Fri Mar 18, 2022 12:34 pm The problem is not US capacity, but that oil prices are determined globally. US firms could ramp up production but they no doubt remember tha last bom that went bust and it's hard to get the equipment needed to drill, so are happy taking the profits now and returning the money to shareholders instead of investing in capacity. Fortunately, Brent Crude price has dropped by ~30% off its high.
In 2021, the US exported more petroleum products than it imported.
Maybe we need another Covid wave to shut everything down and cause demand to drop like a rock again to bring prices down.
Now that biden's policies have given putin money to go war and American voter outrage is building at the prices and results his policies produced, he's reversing policy to increase production. Its the way of democratic politics, create a problem so it looks like you fixed it.
Re: President Donald J Trump makes history...
TL;DR: It's a complicated issue with many causes, and there are explanations that are easy, simple and wrong.
You do realize that Biden approved over 30% more oil and gas leases in his first year than Trump? And that an oil and gas industry lawsuit over climate regulations put a halt to approvals until the legal situation is sorted out. The industry shot themselves in the foot there; even so things like manpower and material shortages limits the ability to increase production. It also takes time to go from a lease to oil, and when prices were low there was no incentive to drill, even now there is the question of how long before prices drop again and all of a sudden we have a lot of expensive wells that are marginally profitable? Investors like steady returns and right now it's smarter to hold down supply and grab the profits while you can. As one Exxon's CEO put it:
When asked about production targets for 2022 during a January earnings call, ExxonMobil CEO Darren Woods responded, "The primary objectives we've had in looking at the portfolio is less about volume and volume targets and more about the quality and profitability of the barrels that we're producing."
As for distribution costs, they're already baked into the price because crude is shipped based on where it can be refined. Canadian heavy crude goes to the gulf since those refineries are deigned for it. The XL pipeline may have reduce some transport costs but it doesn't change the refinery landscape and thus not enough to make a difference at the pump; especially since the price of crude is the main determinant of gas prices, at over 50% and the other major components are taxes, refining, and marketting distribution, al at about 14%. Oddly enough, rail transport, even if it is more expensive, is often the preferred method because rail lines can take crude to virtually every refinery, giving producers more flexibility than a pipeline.
As for Putin, he's shopping discounted crude to India, who is very interested in it, as other markets are closed. Even so, transporting it their may yet prove to be the major stumbling block.
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Re: President Donald J Trump makes history...
lol, let's do India first...Yes, they are buying discounted oil, so is China. Meanwhile, biden goes begging to have the US pay top dollar to countries that really don't like us and reportedly don't even answer his calls. Some would call that smart. Anyway, it's sad biden chooses to let Americans pay the prices of his foolish policies when US suppliers are more than capable of meeting the country's needs at a more reasonable price, providing the government allows it.
30% sounds impressive and it is considering he stopped all leases for the 9 months of his presidency and was still able to squeeze a 30% increase in the final 2 months of the year. That must have worked wonders for the oil companies and their need for stability.
As for costs, you say transportation costs are "baked: in, like that somehow makes those costs different than the oil companies knowing how much that gallon of gas they just sold you cost them to produce and deliver to the pump.
If that's the case, there must be a formula that prevents the 48% increase in oil leases that biden is forcing on the oil companies or bidens more than 7 fold increase in clean air act charges or the democrat sponsored bill to impose new methane reduction charges. They must all work wonders for the oil companies and their need for stability.
When you add in taxes paid at the pump, you really need to ask if the government makes more from oil than the producers that are taking the risk
and ask not how, but how much runaway regulatory costs add to the price you pay at the pump.
30% sounds impressive and it is considering he stopped all leases for the 9 months of his presidency and was still able to squeeze a 30% increase in the final 2 months of the year. That must have worked wonders for the oil companies and their need for stability.
As for costs, you say transportation costs are "baked: in, like that somehow makes those costs different than the oil companies knowing how much that gallon of gas they just sold you cost them to produce and deliver to the pump.
If that's the case, there must be a formula that prevents the 48% increase in oil leases that biden is forcing on the oil companies or bidens more than 7 fold increase in clean air act charges or the democrat sponsored bill to impose new methane reduction charges. They must all work wonders for the oil companies and their need for stability.
When you add in taxes paid at the pump, you really need to ask if the government makes more from oil than the producers that are taking the risk
and ask not how, but how much runaway regulatory costs add to the price you pay at the pump.
Re: President Donald J Trump makes history...
Right, we should reward the Russians for genocide. Got it.CSGuy wrote: ↑Mon Mar 21, 2022 3:26 pm lol, let's do India first...Yes, they are buying discounted oil, so is China. Meanwhile, biden goes begging to have the US pay top dollar to countries that really don't like us and reportedly don't even answer his calls. Some would call that smart. Anyway, it's sad biden chooses to let Americans pay the prices of his foolish policies when US suppliers are more than capable of meeting the country's needs at a more reasonable price, providing the government allows it.
After the oil companies sued so they stopped issuing leases while the lawsuits played out? The oil companies opened fire on their foot with an automatic rifle.30% sounds impressive and it is considering he stopped all leases for the 9 months of his presidency and was still able to squeeze a 30% increase in the final 2 months of the year. That must have worked wonders for the oil companies and their need for stability.
Maybe Trump not issuing as many leases screwed up their stability? Not letting them drill off Florida, Ga , SC and the Gulf?
They are part of the price already and are relatively constant, oil price is the big driver. Keystones XL would not have impacted prices that much, given it would have added less the 1% to world supplies and prices are set by worldwide demand and risk.As for costs, you say transportation costs are "baked: in, like that somehow makes those costs different than the oil companies knowing how much that gallon of gas they just sold you cost them to produce and deliver to the pump.
If that's the case, there must be a formula that prevents the 48% increase in oil leases that biden is forcing on the oil companies
Kinda nice the taxpayers are getting something and not give oil companies windfall profits from taxpayer owned land. Oh wait, what are the getting now?
Which is, IIRC, the subject of teh oil company's lawsuits that resulted in the lease moratorium.or bidens more than 7 fold increase in clean air act charges or the democrat sponsored bill to impose new methane reduction charges. They must all work wonders for the oil companies and their need for stability.
Gas tax (Federal) is 18 cents per gallon. Oil companies make over $1 per gallon in profit. Even if you factor in state tax, oil companies make more profit per gallon than tax generates, so the answer to your question is, no the government doesn't make more from oil than the oil companies who produce the oil.When you add in taxes paid at the pump, you really need to ask if the government makes more from oil than the producers that are taking the risk
and ask not how, but how much runaway regulatory costs add to the price you pay at the pump.
Facts matter.
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