What'dyabringmetoday???
Well-Known Member
Enjoy the high prices of everything.
Diesel fuel shortage: Why is no one talking about this?
- Thread starter Analbumcover
- Start date
Ok.
Think back to whengas pries were under $2 per gallon and oil abou $12 per barrel.
What happened? Refineries shut down because they weren’t profitable. Why? Because companies are in business to make money.
That’s capitalism.
TearsInRain
IE boogeyman
Please don't post disinformation sites
No, the U.S. isn’t going to run out of diesel fuel in 25 days
The metric that Fox News host Tucker Carlson cited measures diesel fuel supply if refineries stopped producing oil and the industry stopped importing it.www.verifythis.com
Even for a person such as myself who for all intents and purposes would be considered "retired" but the trouble is in today's America there is simply no such thing as retirement.
Global geopolitical and economic events are unfolding so rapidly and completely different from what occurred in the past every person has to do everything they can just to stay on top of things. It's becoming a full time job.
I'm quite certain that if those on here were to actually have to walk up and say in person to the public figures they hold responsible for the petty disruptions to their sheltered little worlds what they say about them on this site....they would crap their pants in sheer terror.
I asked Edmund Muskie when he visited our high school in '80 why our government wasn't letting our Olympians participate in the Moscow Olympics that year. Made him mad and had our principal glaring at me. You put too much stock in bigwigs.
“Petty disruptions” eh?
Contempt-laced dismissals of people’s real concerns about how things are going is a big part of the reason why there will be a lot of first time Republican voters this election cycle.
As much as you dislike Trump 2016 was really Hillary's to lose. If she had just assured people in the Rust Belt and coal country that she would work hard to bring jobs to their region she would've won. Instead she played to the Left and called people deplorables. And rather than admit she blew it she concocted the Russian collusion narrative. Arrogance and contempt are the Democrats' Achilles heel.
Commercial Inside Release
Well-Known Member
Hillary is nucking futs, but more than ever, she has been parading around her Hellspawn Chelsea on a leash. Beware!
He was probably shocked when he came face to face with one of the 16 Americans who still didn't know that the reason we didn't go to the Olympics that year was because the Soviet Union was at the time the next lucky contestant trying in vain to tame Afghanistan and the games were being held in that mecca of hospitality called Moscow.
Yeah I get that. The Olympics should be above all that. Like everything else it has become a political tool.
That’s fine. The problem is that fuel prices and diesel shortage is mainly a function of economics, not politics. And those economic forces are not relegated to the borders of the United States.
I can hear it now though: “All I know is that when Donald Trump was president, gas was $1.47 a gallon!” Although that is a concern and folks have every right to be upset, until the scale of capitalism is in balance so that people can afford to live, there won’t be any real improvement.
FWIW, $15 per hour is not a living wage.
In one sense of the word it would be poetic justice if Trump were to go back in the WH in 24 giving him the opportunity to figure out a way to deal with an economic crisis similar to what Obama inherited from Mini Bush.
Now if people actually paid a bit of attention to what's going on they would come to learn that the 2 yr Treasury is one of the data points the Fed uses when it comes setting to fiscal policy.
The 2yr is paying 4% while the core inflation index is hovering around 8 but hiring remains strong.
If you haven't already found out you soon will that the president doesn't run this country.....The Chairman Of The Federal Reserve Board runs this country. As evidenced earlier this week when Chairman Powell stated in his own words that Fed policy will become as "restrictive as deemed necessary" in order to contain inflation
And has been a growing problem in recent years....finding a host city willing to lose many millions of dollars on them. They are serious money losing ventures.
All I know is when Joe Biden ran for president he repeatedly said that he would end fossil fuels. To say no attempt has been made by his administration to do just that or that his policies haven't affected fuel prices or availability is totally disingenuous. A hallmark of the American Left is to lie about what it is you're attempting to do until you get what you want. We're supposed to accept what you say on face value. The majority of voters know that their costs across the board have gone up in direct relation to this administration's policies. Remains to be seen if enough of them will remain loyal to the Democrats to prevent a massive shift to the Right.
Which Powell has no choice but to do because this administration not only made it much more difficult to produce enough domestic oil but pumped trillions of dollars into the economy. Our inflation is directly correlated to this administration's policies.
We're out of the pandemic so remains to be seen. Long-term gains from that kind of exposure is hard to measure short term.
And it is and will likely remain the most volatile of markets with somebody always trying to get an advantage.
You've got people like the Hunt brothers using their trust fund money set up by their oil tycoon father trying to corner the silver market clear back in 1980 through margin and options trading drove the price of silver from 6 bucks to more than 40 until the SEC stepped in . But before they could lower the boom on them they filed for bankruptcy. Fortunately, they were permanently barred from ever trading again along with new trading rules.
And just the other day both Barcelona and Vancouver dropped out of bidding for the 2030 Winter Olympics. Same reason....They lose money.
You can go out there and drill as many oil wells as you want but NOBODY can force you to pump oil from them if you don't want to including waiting until the price environment reaches a satisfactory level.
i don't know what it's going to take to make you understand that Big Oil has made it clear that the $80-90 is their sweet spot. it's where they'll make the most money ( and man have they) without risking demand destruction and driving it back to the 50-60 range.
So you tell me. Just what do you think can be done here that stands anywhere close to a decent chance of becoming rule of law or even a matter of public policy.
They can replace the imported oil with domestic oil and make up the difference in volume. Just have Biden reverse what he put in place by executive order and let's see how it goes. You won't do it. Biden won't do it. All the excuses you make are just a smokescreen for the ultimate destruction of our oil industry. The oil executives know this and are grabbing everything they can while they can.
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