A few of you guys are so blatantly obtuse it is almost laughable, there is zero blame to Biden for the rise in oil,
I think when a D is in office the time cycle of supply and demand does not exist, but if an R is in office it does. The current supply issue was 100% caused by the dump in crude which stopped the supply and as that cycled through the system and the return to a more normalized economy that is why oil is at the current price, not Biden not liberal this or that...but no a few of you guys loooovvvve to blame Biden for something that was caused far before any policies came in place from him.
You are 100% correct. There are some things that Biden and his admin can certainly be blamed for but the price of oil is not one of them.
You can't explain this logic to Trump-cult, they just don't understand it.
4
Quote Originally Posted by wallstreetcappers:
A few of you guys are so blatantly obtuse it is almost laughable, there is zero blame to Biden for the rise in oil,
I think when a D is in office the time cycle of supply and demand does not exist, but if an R is in office it does. The current supply issue was 100% caused by the dump in crude which stopped the supply and as that cycled through the system and the return to a more normalized economy that is why oil is at the current price, not Biden not liberal this or that...but no a few of you guys loooovvvve to blame Biden for something that was caused far before any policies came in place from him.
You are 100% correct. There are some things that Biden and his admin can certainly be blamed for but the price of oil is not one of them.
You can't explain this logic to Trump-cult, they just don't understand it.
Quote Originally Posted by I_Need_A_Detox: Oil was $60 per barrel when Biden became President. Now it’s $100. Russia exports roughly 8.5 million barrels per day. 8,500,000 x $40 —————- Putin is making an additional $340,000,000 per day due to Joe Biden’s policies. Keep shutting down pipelines and fracking and Putin will continue to grow stronger and stronger. Nice job Democrats You can't explain this logic to dems, they just don't understand it. They think the entire world is going to run on green energy in like 4 years. They're all on the same team making tons of profits off the working classes and the working classes are arguing about this "war" meanwhile they're getting ripped off with inflation. But hey, at least they can blame inflation on this "war".
So what is the logic, it is erroneous and faulty. Are you suggesting Repubs believe the logic he is posting? Its fake, that favorite word you guys love to use...his premise is completely fake. Anyone who has even a small understanding of the cycle of production laughs at the throw up you guys are making on this topic. Supply takes six to twelve to eighteen months to move through the system. So when Exxon massively cut projects and budgets when oil went under 30, that did not mean TOMORROW oil would be at 100, their schedules take a long long time to materialize to the commodity markets.
Take off your stupid political glasses and do your own thinking, it IS possible to completely move away from oil, especially for the energy purpose..well before oil was discovered and petro discovered people actually lived..shocking that life existed before crude oil products came to the market.
4
Quote Originally Posted by BigGame90:
Quote Originally Posted by I_Need_A_Detox: Oil was $60 per barrel when Biden became President. Now it’s $100. Russia exports roughly 8.5 million barrels per day. 8,500,000 x $40 —————- Putin is making an additional $340,000,000 per day due to Joe Biden’s policies. Keep shutting down pipelines and fracking and Putin will continue to grow stronger and stronger. Nice job Democrats You can't explain this logic to dems, they just don't understand it. They think the entire world is going to run on green energy in like 4 years. They're all on the same team making tons of profits off the working classes and the working classes are arguing about this "war" meanwhile they're getting ripped off with inflation. But hey, at least they can blame inflation on this "war".
So what is the logic, it is erroneous and faulty. Are you suggesting Repubs believe the logic he is posting? Its fake, that favorite word you guys love to use...his premise is completely fake. Anyone who has even a small understanding of the cycle of production laughs at the throw up you guys are making on this topic. Supply takes six to twelve to eighteen months to move through the system. So when Exxon massively cut projects and budgets when oil went under 30, that did not mean TOMORROW oil would be at 100, their schedules take a long long time to materialize to the commodity markets.
Take off your stupid political glasses and do your own thinking, it IS possible to completely move away from oil, especially for the energy purpose..well before oil was discovered and petro discovered people actually lived..shocking that life existed before crude oil products came to the market.
Quote Originally Posted by BigGame90: You can't explain this logic to dems, they just don't understand it.
So what is the logic, it is erroneous and faulty. Are you suggesting Repubs believe the logic he is posting? Its fake, that favorite word you guys love to use...his premise is completely fake. Anyone who has even a small understanding of the cycle of production laughs at the throw up you guys are making on this topic. Supply takes six to twelve to eighteen months to move through the system. So when Exxon massively cut projects and budgets when oil went under 30, that did not mean TOMORROW oil would be at 100, their schedules take a long long time to materialize to the commodity markets.
Take off your stupid political glasses and do your own thinking
Logical. Although this doesn't stop US oil companies from profiteering on news cycle events in advance of that supply cycle working its way through over the course of many months. They can and will raise prices at the pump instantly inspite of having no need due to supply issues. In either case, it's still not Biden's fault. Can't blame corporate greed by assholes on any president. Blame the corporate greed.
That said, this planet is dying, and it's largely because of oil. We have to move away from it, not towards it. Doesn't matter Lib or Con, those are the facts. 15% of European energy is from renewables and that is increasing every year. We are far behind the curve. We should be leading the world. Biden is correct, but political bigots and corporate greed will make him a scapegoat anyway.
3
Quote Originally Posted by wallstreetcappers:
Quote Originally Posted by BigGame90: You can't explain this logic to dems, they just don't understand it.
So what is the logic, it is erroneous and faulty. Are you suggesting Repubs believe the logic he is posting? Its fake, that favorite word you guys love to use...his premise is completely fake. Anyone who has even a small understanding of the cycle of production laughs at the throw up you guys are making on this topic. Supply takes six to twelve to eighteen months to move through the system. So when Exxon massively cut projects and budgets when oil went under 30, that did not mean TOMORROW oil would be at 100, their schedules take a long long time to materialize to the commodity markets.
Take off your stupid political glasses and do your own thinking
Logical. Although this doesn't stop US oil companies from profiteering on news cycle events in advance of that supply cycle working its way through over the course of many months. They can and will raise prices at the pump instantly inspite of having no need due to supply issues. In either case, it's still not Biden's fault. Can't blame corporate greed by assholes on any president. Blame the corporate greed.
That said, this planet is dying, and it's largely because of oil. We have to move away from it, not towards it. Doesn't matter Lib or Con, those are the facts. 15% of European energy is from renewables and that is increasing every year. We are far behind the curve. We should be leading the world. Biden is correct, but political bigots and corporate greed will make him a scapegoat anyway.
6-18 months to move through, meanwhile prices skyrocket the day after "news". Right. Shouldn't the "news" have known about it a year ago? Since you seem to know about the production line right now, tell us what prices will be in 6-18 months?
Move away from oil, right in 5-10 years like the dems keep promising? Gotta be a true retard to believe that crap. Oil will be here for a very long time. The sun won't power shit like people think it will. Keep living in a fantasy world thinking "green" energy is going to run the entire world in 10 years time. What happens if every car and house in the world went electric tomorrow, where the hell would the power come from? We do not have the infrastructure to support "clean" energy and we won't for multiple decades. So why the hell are we running away from oil now? Too damn early and Putin knows this.
Oil is arguably the most sought after commodity in the world right now. You'd be a straight fool to go away from it right now. But keep letting the US stop oil production, throw in the UK as well so we're all dependent where we don't control pricing. Continue to watch inflation. But hey, you should know this. I mean your name is WallStreetCapper, you should know what's really happening with finance. Is this "war" just a distraction?
0
@wallstreetcappers
6-18 months to move through, meanwhile prices skyrocket the day after "news". Right. Shouldn't the "news" have known about it a year ago? Since you seem to know about the production line right now, tell us what prices will be in 6-18 months?
Move away from oil, right in 5-10 years like the dems keep promising? Gotta be a true retard to believe that crap. Oil will be here for a very long time. The sun won't power shit like people think it will. Keep living in a fantasy world thinking "green" energy is going to run the entire world in 10 years time. What happens if every car and house in the world went electric tomorrow, where the hell would the power come from? We do not have the infrastructure to support "clean" energy and we won't for multiple decades. So why the hell are we running away from oil now? Too damn early and Putin knows this.
Oil is arguably the most sought after commodity in the world right now. You'd be a straight fool to go away from it right now. But keep letting the US stop oil production, throw in the UK as well so we're all dependent where we don't control pricing. Continue to watch inflation. But hey, you should know this. I mean your name is WallStreetCapper, you should know what's really happening with finance. Is this "war" just a distraction?
A few of you guys are so blatantly obtuse it is almost laughable, there is zero blame to Biden for the rise in oil, I think when a D is in office the time cycle of supply and demand does not exist, but if an R is in office it does.
The current supply issue was 100% caused by the dump in crude which stopped the supply and as that cycled through the system and the return to a more normalized economy that is why oil is at the current price, not Biden not liberal this or that... a few of you guys loooovvvve to blame Biden for something that was caused far before any policies came in place from him.
Nah take that opp to make everything a petty juvenile political poke...some of you need to think before you post and blame, its beneath conversation its the dregs of stupidity and so transparent.
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
3
Quote Originally Posted by wallstreetcappers:
A few of you guys are so blatantly obtuse it is almost laughable, there is zero blame to Biden for the rise in oil, I think when a D is in office the time cycle of supply and demand does not exist, but if an R is in office it does.
The current supply issue was 100% caused by the dump in crude which stopped the supply and as that cycled through the system and the return to a more normalized economy that is why oil is at the current price, not Biden not liberal this or that... a few of you guys loooovvvve to blame Biden for something that was caused far before any policies came in place from him.
Nah take that opp to make everything a petty juvenile political poke...some of you need to think before you post and blame, its beneath conversation its the dregs of stupidity and so transparent.
Quote Originally Posted by wallstreetcappers: Quote Originally Posted by BigGame90: You can't explain this logic to dems, they just don't understand it. So what is the logic, it is erroneous and faulty. Are you suggesting Repubs believe the logic he is posting? Its fake, that favorite word you guys love to use...his premise is completely fake. Anyone who has even a small understanding of the cycle of production laughs at the throw up you guys are making on this topic. Supply takes six to twelve to eighteen months to move through the system. So when Exxon massively cut projects and budgets when oil went under 30, that did not mean TOMORROW oil would be at 100, their schedules take a long long time to materialize to the commodity markets. Take off your stupid political glasses and do your own thinking Logical. Although this doesn't stop US oil companies from profiteering on news cycle events in advance of that supply cycle working its way through over the course of many months. They can and will raise prices at the pump instantly inspite of having no need due to supply issues. In either case, it's still not Biden's fault. Can't blame corporate greed by assholes on any president. Blame the corporate greed. That said, this planet is dying, and it's largely because of oil. We have to move away from it, not towards it. Doesn't matter Lib or Con, those are the facts. 15% of European energy is from renewables and that is increasing every year. We are far behind the curve. We should be leading the world. Biden is correct, but political bigots and corporate greed will make him a scapegoat anyway.
But when you take away production YOU'RE GOING TO INCUR RAISING PRICES, basic supply and demand. That is the point of going away from energy independence. If we're not producing it, someone else will. Consumption will still be the same this year, 5 years, and 20 years from now. Face it, "green" energy is not going to have a huge significant impact like dems keep promising. All talk. If it worked so well, why are large corporations not moving towards it at a much faster rate? It doesn't work like dems keep promising, otherwise the "free market" would be all over it.
Inflation is going to destroy this (US) country and world before climate will.
0
Quote Originally Posted by Zeus4par:
Quote Originally Posted by wallstreetcappers: Quote Originally Posted by BigGame90: You can't explain this logic to dems, they just don't understand it. So what is the logic, it is erroneous and faulty. Are you suggesting Repubs believe the logic he is posting? Its fake, that favorite word you guys love to use...his premise is completely fake. Anyone who has even a small understanding of the cycle of production laughs at the throw up you guys are making on this topic. Supply takes six to twelve to eighteen months to move through the system. So when Exxon massively cut projects and budgets when oil went under 30, that did not mean TOMORROW oil would be at 100, their schedules take a long long time to materialize to the commodity markets. Take off your stupid political glasses and do your own thinking Logical. Although this doesn't stop US oil companies from profiteering on news cycle events in advance of that supply cycle working its way through over the course of many months. They can and will raise prices at the pump instantly inspite of having no need due to supply issues. In either case, it's still not Biden's fault. Can't blame corporate greed by assholes on any president. Blame the corporate greed. That said, this planet is dying, and it's largely because of oil. We have to move away from it, not towards it. Doesn't matter Lib or Con, those are the facts. 15% of European energy is from renewables and that is increasing every year. We are far behind the curve. We should be leading the world. Biden is correct, but political bigots and corporate greed will make him a scapegoat anyway.
But when you take away production YOU'RE GOING TO INCUR RAISING PRICES, basic supply and demand. That is the point of going away from energy independence. If we're not producing it, someone else will. Consumption will still be the same this year, 5 years, and 20 years from now. Face it, "green" energy is not going to have a huge significant impact like dems keep promising. All talk. If it worked so well, why are large corporations not moving towards it at a much faster rate? It doesn't work like dems keep promising, otherwise the "free market" would be all over it.
Inflation is going to destroy this (US) country and world before climate will.
That is called "markets" that is because traders can buy and sell crude contracts without ever owning a drop of oil, its speculation and the markets functioning. Like zeus mentioned above when events happen corps can take advantage and make excess profits but that has nothing to do with Biden, those people are taking risks and can lose or they can win...its the action of the financial markets.
Ive told this story before when I was a broker in Philly I had a client who worked for a local refinery and he told me all sorts of stories that they would manipulate the refinery based on what management told them so they could add a shift if prices were good or they would close production for "cleaning and inspection" when pricing was bad.
Oil has been moving higher since Covid started getting under control and businesses started returning to function and with reduced supply that made prices go higher. If you are miffed about fracking going away maybe those idiots should not have leveraged so heavily, THAT is why several frackers went under...they leveraged on cheap FED cash and purchased land or rights to extract and when prices started coming down it no longer made sense to produce, so they are now producing less and having to pay on leases and land that they are not using and the leverage caused banks to call in loans and poof several went under. Leverage is usually the culprit for corporate implosion.
2
That is called "markets" that is because traders can buy and sell crude contracts without ever owning a drop of oil, its speculation and the markets functioning. Like zeus mentioned above when events happen corps can take advantage and make excess profits but that has nothing to do with Biden, those people are taking risks and can lose or they can win...its the action of the financial markets.
Ive told this story before when I was a broker in Philly I had a client who worked for a local refinery and he told me all sorts of stories that they would manipulate the refinery based on what management told them so they could add a shift if prices were good or they would close production for "cleaning and inspection" when pricing was bad.
Oil has been moving higher since Covid started getting under control and businesses started returning to function and with reduced supply that made prices go higher. If you are miffed about fracking going away maybe those idiots should not have leveraged so heavily, THAT is why several frackers went under...they leveraged on cheap FED cash and purchased land or rights to extract and when prices started coming down it no longer made sense to produce, so they are now producing less and having to pay on leases and land that they are not using and the leverage caused banks to call in loans and poof several went under. Leverage is usually the culprit for corporate implosion.
and what is crude oil doing today? Speculation driving it up? When's the last time we saw these prices? What happened shortly after we've seen these prices? Charts looking familiar to you at all?
0
@wallstreetcappers
and what is crude oil doing today? Speculation driving it up? When's the last time we saw these prices? What happened shortly after we've seen these prices? Charts looking familiar to you at all?
Quote Originally Posted by BigGame90: You can't explain this logic to dems, they just don't understand it.
So what is the logic, it is erroneous and faulty. Are you suggesting Repubs believe the logic he is posting? Its fake, that favorite word you guys love to use...his premise is completely fake. Anyone who has even a small understanding of the cycle of production laughs at the throw up you guys are making on this topic. Supply takes six to twelve to eighteen months to move through the system. So when Exxon massively cut projects and budgets when oil went under 30, that did not mean TOMORROW oil would be at 100, their schedules take a long long time to materialize to the commodity markets.
Take off your stupid political glasses and do your own thinking
Logical. Although this doesn't stop US oil companies from profiteering on news cycle events in advance of that supply cycle working its way through over the course of many months. They can and will raise prices at the pump instantly inspite of having no need due to supply issues. In either case, it's still not Biden's fault. Can't blame corporate greed by assholes on any president. Blame the corporate greed.
That said, this planet is dying, and it's largely because of oil. We have to move away from it, not towards it. Doesn't matter Lib or Con, those are the facts. 15% of European energy is from renewables and that is increasing every year. We are far behind the curve. We should be leading the world. Biden is correct, but political bigots and corporate greed will make him a scapegoat anyway.
u make sense , zeus therefore u will b attacked by the rw
biden and others bfor him r right about oil . bad news for the planet going forward . for the forseeable future of maybe the next 50 yrs it will likely b needed to power things like planes , ocean vessels , trains and some industry
but only a complete fool would think we must keep ALL OF IT for the next 50+ yrs to also power cars , trucks , heating homes & businesses , and all electrical needs everywhere . like u point out europe has proven even to skeptics that energy use from renewable sources can be used effectively for heating , electricity and automobiles -- which vastly reduces the use and need for oil even if we will still need some oil for a number of things . vastly reducing the need for most of the oil is the key
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
3
Quote Originally Posted by Zeus4par:
Quote Originally Posted by wallstreetcappers:
Quote Originally Posted by BigGame90: You can't explain this logic to dems, they just don't understand it.
So what is the logic, it is erroneous and faulty. Are you suggesting Repubs believe the logic he is posting? Its fake, that favorite word you guys love to use...his premise is completely fake. Anyone who has even a small understanding of the cycle of production laughs at the throw up you guys are making on this topic. Supply takes six to twelve to eighteen months to move through the system. So when Exxon massively cut projects and budgets when oil went under 30, that did not mean TOMORROW oil would be at 100, their schedules take a long long time to materialize to the commodity markets.
Take off your stupid political glasses and do your own thinking
Logical. Although this doesn't stop US oil companies from profiteering on news cycle events in advance of that supply cycle working its way through over the course of many months. They can and will raise prices at the pump instantly inspite of having no need due to supply issues. In either case, it's still not Biden's fault. Can't blame corporate greed by assholes on any president. Blame the corporate greed.
That said, this planet is dying, and it's largely because of oil. We have to move away from it, not towards it. Doesn't matter Lib or Con, those are the facts. 15% of European energy is from renewables and that is increasing every year. We are far behind the curve. We should be leading the world. Biden is correct, but political bigots and corporate greed will make him a scapegoat anyway.
u make sense , zeus therefore u will b attacked by the rw
biden and others bfor him r right about oil . bad news for the planet going forward . for the forseeable future of maybe the next 50 yrs it will likely b needed to power things like planes , ocean vessels , trains and some industry
but only a complete fool would think we must keep ALL OF IT for the next 50+ yrs to also power cars , trucks , heating homes & businesses , and all electrical needs everywhere . like u point out europe has proven even to skeptics that energy use from renewable sources can be used effectively for heating , electricity and automobiles -- which vastly reduces the use and need for oil even if we will still need some oil for a number of things . vastly reducing the need for most of the oil is the key
Speculation 100% that is why oil has moved this far and could go even higher. So if you do not like speculation then you should not be looking at commodity prices. Gold has been going higher too, same reason...it isnt that there is a gold shortage rather speculation and traders placing bets.
2
Speculation 100% that is why oil has moved this far and could go even higher. So if you do not like speculation then you should not be looking at commodity prices. Gold has been going higher too, same reason...it isnt that there is a gold shortage rather speculation and traders placing bets.
Speculation 100% that is why oil has moved this far and could go even higher. So if you do not like speculation then you should not be looking at commodity prices. Gold has been going higher too, same reason...it isnt that there is a gold shortage rather speculation and traders placing bets.
If we do not produce our own oil and we are dependent on foreign countries to supply the most basic commodity we need to power 99% of our country, of course they're going to jack prices up. There is no other choice but to pay. Inflation leads to record profits which leads to increase in speculation on moving higher prices = more investments = rug pull and the unsuspecting is left holding the bag.
Gold has always thought to be the safe haven for a market crash.
What crashes first WSC, crypto or the stock market? Or do they both keep pumping on speculation and inflation creating profits? How long before consumers run out of capital to keep buying inflated prices that are currently propping up corporate profits? Gonna last forever?
0
Quote Originally Posted by wallstreetcappers:
Speculation 100% that is why oil has moved this far and could go even higher. So if you do not like speculation then you should not be looking at commodity prices. Gold has been going higher too, same reason...it isnt that there is a gold shortage rather speculation and traders placing bets.
If we do not produce our own oil and we are dependent on foreign countries to supply the most basic commodity we need to power 99% of our country, of course they're going to jack prices up. There is no other choice but to pay. Inflation leads to record profits which leads to increase in speculation on moving higher prices = more investments = rug pull and the unsuspecting is left holding the bag.
Gold has always thought to be the safe haven for a market crash.
What crashes first WSC, crypto or the stock market? Or do they both keep pumping on speculation and inflation creating profits? How long before consumers run out of capital to keep buying inflated prices that are currently propping up corporate profits? Gonna last forever?
Quote Originally Posted by Zeus4par: Quote Originally Posted by wallstreetcappers: Quote Originally Posted by BigGame90: You can't explain this logic to dems, they just don't understand it. So what is the logic, it is erroneous and faulty. Are you suggesting Repubs believe the logic he is posting? Its fake, that favorite word you guys love to use...his premise is completely fake. Anyone who has even a small understanding of the cycle of production laughs at the throw up you guys are making on this topic. Supply takes six to twelve to eighteen months to move through the system. So when Exxon massively cut projects and budgets when oil went under 30, that did not mean TOMORROW oil would be at 100, their schedules take a long long time to materialize to the commodity markets. Take off your stupid political glasses and do your own thinking Logical. Although this doesn't stop US oil companies from profiteering on news cycle events in advance of that supply cycle working its way through over the course of many months. They can and will raise prices at the pump instantly inspite of having no need due to supply issues. In either case, it's still not Biden's fault. Can't blame corporate greed by assholes on any president. Blame the corporate greed. That said, this planet is dying, and it's largely because of oil. We have to move away from it, not towards it. Doesn't matter Lib or Con, those are the facts. 15% of European energy is from renewables and that is increasing every year. We are far behind the curve. We should be leading the world. Biden is correct, but political bigots and corporate greed will make him a scapegoat anyway.
But when you take away production YOU'RE GOING TO INCUR RAISING PRICES, basic supply and demand. That is the point of going away from energy independence. If we're not producing it, someone else will. Consumption will still be the same this year, 5 years, and 20 years from now.
SO?? If we don't take away production we will kill the planet! I am smart enough to know which is worse.
And no consumption will not bet the same 20 years from now. Renewables are increasing not just every year, but every MONTH! The future is here now. Personally I would prefer the US jump in front of the parade and lead it than become a bystander and watch it pass us by.
1
Quote Originally Posted by BigGame90:
Quote Originally Posted by Zeus4par: Quote Originally Posted by wallstreetcappers: Quote Originally Posted by BigGame90: You can't explain this logic to dems, they just don't understand it. So what is the logic, it is erroneous and faulty. Are you suggesting Repubs believe the logic he is posting? Its fake, that favorite word you guys love to use...his premise is completely fake. Anyone who has even a small understanding of the cycle of production laughs at the throw up you guys are making on this topic. Supply takes six to twelve to eighteen months to move through the system. So when Exxon massively cut projects and budgets when oil went under 30, that did not mean TOMORROW oil would be at 100, their schedules take a long long time to materialize to the commodity markets. Take off your stupid political glasses and do your own thinking Logical. Although this doesn't stop US oil companies from profiteering on news cycle events in advance of that supply cycle working its way through over the course of many months. They can and will raise prices at the pump instantly inspite of having no need due to supply issues. In either case, it's still not Biden's fault. Can't blame corporate greed by assholes on any president. Blame the corporate greed. That said, this planet is dying, and it's largely because of oil. We have to move away from it, not towards it. Doesn't matter Lib or Con, those are the facts. 15% of European energy is from renewables and that is increasing every year. We are far behind the curve. We should be leading the world. Biden is correct, but political bigots and corporate greed will make him a scapegoat anyway.
But when you take away production YOU'RE GOING TO INCUR RAISING PRICES, basic supply and demand. That is the point of going away from energy independence. If we're not producing it, someone else will. Consumption will still be the same this year, 5 years, and 20 years from now.
SO?? If we don't take away production we will kill the planet! I am smart enough to know which is worse.
And no consumption will not bet the same 20 years from now. Renewables are increasing not just every year, but every MONTH! The future is here now. Personally I would prefer the US jump in front of the parade and lead it than become a bystander and watch it pass us by.
Speculation 100% that is why oil has moved this far and could go even higher. So if you do not like speculation then you should not be looking at commodity prices. Gold has been going higher too, same reason...it isnt that there is a gold shortage rather speculation and traders placing bets.
150% correct!
0
Quote Originally Posted by wallstreetcappers:
Speculation 100% that is why oil has moved this far and could go even higher. So if you do not like speculation then you should not be looking at commodity prices. Gold has been going higher too, same reason...it isnt that there is a gold shortage rather speculation and traders placing bets.
If we do not produce our own oil and we are dependent on foreign countries to supply the most basic commodity we need to power 99% of our country, of course they're going to jack prices up.
BS.
We are the #1 producer in the world. We don't need any foreign oil, first, regardless if we actually do purchase it or not. We don't need it. We have plenty. Especially when we consider the Biden plan to reduce oil needs and increase renewables at the same time. Then, logically we still have plenty of oil for certain needs. But we SHOULD NOT need oil for heating homes and businesses, or most electrical power, and certainly not for powering cars. It will take time sure but this has to happen.
Increasing use of renewables REDUCES the need for oil! Therefore, no "dependency" issues.
2
Quote Originally Posted by BigGame90:
If we do not produce our own oil and we are dependent on foreign countries to supply the most basic commodity we need to power 99% of our country, of course they're going to jack prices up.
BS.
We are the #1 producer in the world. We don't need any foreign oil, first, regardless if we actually do purchase it or not. We don't need it. We have plenty. Especially when we consider the Biden plan to reduce oil needs and increase renewables at the same time. Then, logically we still have plenty of oil for certain needs. But we SHOULD NOT need oil for heating homes and businesses, or most electrical power, and certainly not for powering cars. It will take time sure but this has to happen.
Increasing use of renewables REDUCES the need for oil! Therefore, no "dependency" issues.
Quote Originally Posted by BigGame90: Quote Originally Posted by I_Need_A_Detox: Oil was $60 per barrel when Biden became President. Now it’s $100. Russia exports roughly 8.5 million barrels per day. 8,500,000 x $40 —————- Putin is making an additional $340,000,000 per day due to Joe Biden’s policies. Keep shutting down pipelines and fracking and Putin will continue to grow stronger and stronger. Nice job Democrats You can't explain this logic to dems, they just don't understand it. They think the entire world is going to run on green energy in like 4 years. They're all on the same team making tons of profits off the working classes and the working classes are arguing about this "war" meanwhile they're getting ripped off with inflation. But hey, at least they can blame inflation on this "war". So what is the logic, it is erroneous and faulty. Are you suggesting Repubs believe the logic he is posting? Its fake, that favorite word you guys love to use...his premise is completely fake. Anyone who has even a small understanding of the cycle of production laughs at the throw up you guys are making on this topic. Supply takes six to twelve to eighteen months to move through the system. So when Exxon massively cut projects and budgets when oil went under 30, that did not mean TOMORROW oil would be at 100, their schedules take a long long time to materialize to the commodity markets. Take off your stupid political glasses and do your own thinking, it IS possible to completely move away from oil, especially for the energy purpose..well before oil was discovered and petro discovered people actually lived..shocking that life existed before crude oil products came to the market.
We keep Democrats in office and we’ll be on horseback and I’ll be visiting Nantucket by canoe
0
Quote Originally Posted by wallstreetcappers:
Quote Originally Posted by BigGame90: Quote Originally Posted by I_Need_A_Detox: Oil was $60 per barrel when Biden became President. Now it’s $100. Russia exports roughly 8.5 million barrels per day. 8,500,000 x $40 —————- Putin is making an additional $340,000,000 per day due to Joe Biden’s policies. Keep shutting down pipelines and fracking and Putin will continue to grow stronger and stronger. Nice job Democrats You can't explain this logic to dems, they just don't understand it. They think the entire world is going to run on green energy in like 4 years. They're all on the same team making tons of profits off the working classes and the working classes are arguing about this "war" meanwhile they're getting ripped off with inflation. But hey, at least they can blame inflation on this "war". So what is the logic, it is erroneous and faulty. Are you suggesting Repubs believe the logic he is posting? Its fake, that favorite word you guys love to use...his premise is completely fake. Anyone who has even a small understanding of the cycle of production laughs at the throw up you guys are making on this topic. Supply takes six to twelve to eighteen months to move through the system. So when Exxon massively cut projects and budgets when oil went under 30, that did not mean TOMORROW oil would be at 100, their schedules take a long long time to materialize to the commodity markets. Take off your stupid political glasses and do your own thinking, it IS possible to completely move away from oil, especially for the energy purpose..well before oil was discovered and petro discovered people actually lived..shocking that life existed before crude oil products came to the market.
We keep Democrats in office and we’ll be on horseback and I’ll be visiting Nantucket by canoe
Enjoy inflation. Enjoy hyper inflation or stagnation. Are you going to have the money and resources to buy your renewable energy? Have you ever looked into how much "green" energy actually costs a home owner? Is it really worth it? Most think no after seeing prices. So until manufactures can lower the costs to "go green" it's not feasible like you fairly tale people believe. Yes, we must save the planet, but that isn't free. Just like freedom isn't free. So if we can't control prices NOW, we can't control prices and "green" energy later.
You probably think solar is the way. You realize people spend thousands of dollars on solar and they maybe get to power one load of laundry a day, right?
0
@zircon
Enjoy inflation. Enjoy hyper inflation or stagnation. Are you going to have the money and resources to buy your renewable energy? Have you ever looked into how much "green" energy actually costs a home owner? Is it really worth it? Most think no after seeing prices. So until manufactures can lower the costs to "go green" it's not feasible like you fairly tale people believe. Yes, we must save the planet, but that isn't free. Just like freedom isn't free. So if we can't control prices NOW, we can't control prices and "green" energy later.
You probably think solar is the way. You realize people spend thousands of dollars on solar and they maybe get to power one load of laundry a day, right?
Quote Originally Posted by BigGame90: If we do not produce our own oil and we are dependent on foreign countries to supply the most basic commodity we need to power 99% of our country, of course they're going to jack prices up. BS. We are the #1 producer in the world. We don't need any foreign oil, first, regardless if we actually do purchase it or not. We don't need it. We have plenty. Especially when we consider the Biden plan to reduce oil needs and increase renewables at the same time. Then, logically we still have plenty of oil for certain needs. But we SHOULD NOT need oil for heating homes and businesses, or most electrical power, and certainly not for powering cars. It will take time sure but this has to happen. Increasing use of renewables REDUCES the need for oil! Therefore, no "dependency" issues.
You're funny.
0
Quote Originally Posted by Zeus4par:
Quote Originally Posted by BigGame90: If we do not produce our own oil and we are dependent on foreign countries to supply the most basic commodity we need to power 99% of our country, of course they're going to jack prices up. BS. We are the #1 producer in the world. We don't need any foreign oil, first, regardless if we actually do purchase it or not. We don't need it. We have plenty. Especially when we consider the Biden plan to reduce oil needs and increase renewables at the same time. Then, logically we still have plenty of oil for certain needs. But we SHOULD NOT need oil for heating homes and businesses, or most electrical power, and certainly not for powering cars. It will take time sure but this has to happen. Increasing use of renewables REDUCES the need for oil! Therefore, no "dependency" issues.
Quote Originally Posted by BigGame90: @zircon Enjoy inflation. Enjoy hyper inflation or stagnation. Are you going to have the money and resources to buy your renewable energy? If the choice is inflation or the planet, I choose the planet.
You clearly still live in your parents basement.
You probably think people have 100% control over the environment. The Environment that's been around for millions of years. Keep thinking people have 100% control.
0
Quote Originally Posted by Zeus4par:
Quote Originally Posted by BigGame90: @zircon Enjoy inflation. Enjoy hyper inflation or stagnation. Are you going to have the money and resources to buy your renewable energy? If the choice is inflation or the planet, I choose the planet.
You clearly still live in your parents basement.
You probably think people have 100% control over the environment. The Environment that's been around for millions of years. Keep thinking people have 100% control.
We keep Democrats in office and we’ll be on horseback and I’ll be visiting Nantucket by canoe
We keep corporate greedy republicans in office and the coastal cities all over the world will flood, epic hurricanes and tornadoes will increase in number and very COSTLY severity, drought will reduce our food supply and fresh water (increasing costs by tenfold at least), forest fires will reduce our CO2 absorbing forest canopy and destroy crops, homes, towns and kill people. What will the COST of battling all that be in the future, compared with reducing our oil now and increasing renewables?
Astronomical costs and epic inflation in the future! Only a moron doesn't understand this.
0
Quote Originally Posted by I_Need_A_Detox:
We keep Democrats in office and we’ll be on horseback and I’ll be visiting Nantucket by canoe
We keep corporate greedy republicans in office and the coastal cities all over the world will flood, epic hurricanes and tornadoes will increase in number and very COSTLY severity, drought will reduce our food supply and fresh water (increasing costs by tenfold at least), forest fires will reduce our CO2 absorbing forest canopy and destroy crops, homes, towns and kill people. What will the COST of battling all that be in the future, compared with reducing our oil now and increasing renewables?
Astronomical costs and epic inflation in the future! Only a moron doesn't understand this.
Quote Originally Posted by Zeus4par: Quote Originally Posted by BigGame90: @zircon Enjoy inflation. Enjoy hyper inflation or stagnation. Are you going to have the money and resources to buy your renewable energy? If the choice is inflation or the planet, I choose the planet.
You clearly still live in your parents basement.
As you type from YOUR parents' basement.
0
Quote Originally Posted by BigGame90:
Quote Originally Posted by Zeus4par: Quote Originally Posted by BigGame90: @zircon Enjoy inflation. Enjoy hyper inflation or stagnation. Are you going to have the money and resources to buy your renewable energy? If the choice is inflation or the planet, I choose the planet.
Quote Originally Posted by Zeus4par: Quote Originally Posted by BigGame90: If we do not produce our own oil and we are dependent on foreign countries to supply the most basic commodity we need to power 99% of our country, of course they're going to jack prices up. BS. We are the #1 producer in the world. We don't need any foreign oil, first, regardless if we actually do purchase it or not. We don't need it. We have plenty. Especially when we consider the Biden plan to reduce oil needs and increase renewables at the same time. Then, logically we still have plenty of oil for certain needs. But we SHOULD NOT need oil for heating homes and businesses, or most electrical power, and certainly not for powering cars. It will take time sure but this has to happen. Increasing use of renewables REDUCES the need for oil! Therefore, no "dependency" issues.
You're funny.
You're not.
2
Quote Originally Posted by BigGame90:
Quote Originally Posted by Zeus4par: Quote Originally Posted by BigGame90: If we do not produce our own oil and we are dependent on foreign countries to supply the most basic commodity we need to power 99% of our country, of course they're going to jack prices up. BS. We are the #1 producer in the world. We don't need any foreign oil, first, regardless if we actually do purchase it or not. We don't need it. We have plenty. Especially when we consider the Biden plan to reduce oil needs and increase renewables at the same time. Then, logically we still have plenty of oil for certain needs. But we SHOULD NOT need oil for heating homes and businesses, or most electrical power, and certainly not for powering cars. It will take time sure but this has to happen. Increasing use of renewables REDUCES the need for oil! Therefore, no "dependency" issues.
If you claim to be worried about the planet, and want people to start making sacrifices, you can no longer fly on private jets or be driven around in black suburbans.
You fly like the rest of us and you get driven around in 4 cylinder cars only.
Any violation gets you 30 days in Ukraine. Repeat offenders get sent to Libya for no less than 1 year.
1
NEW LAW:
If you claim to be worried about the planet, and want people to start making sacrifices, you can no longer fly on private jets or be driven around in black suburbans.
You fly like the rest of us and you get driven around in 4 cylinder cars only.
Any violation gets you 30 days in Ukraine. Repeat offenders get sent to Libya for no less than 1 year.
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