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530RL

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Lol guy quotes no sources, Forbes! Must be true right? :p

Many other sources showed we were exporting in 2018. Funny how this guy's opinion did not matter then?

Here, have a link back atcha~! https://www.forbes.com/sites/arielcohen/2019/11/26/making-history-us-exports-more-petroleum-than-it-imports-in-september-and-october/?sh=23f223b15f3b
The US was exporting in 2018. It was actually exporting in 2015 when Obama took the ban off US oil exports. 🤫

The question addressed in that article is; are we energy independent? And the answer is absolutely no as we have an excess of some products and a shortage of others.

The point is the US is not and will not be “energy independent”. And the reason why is because it is neither efficient, possible nor economical for America to have the necessary capacity of every type of crude and finished product necessary to meet US demand.

American‘s can actually have lower energy costs when they recognize that global trade can improve efficiencies and lower costs to the consumers.

That is the irony of this thread in complaining that gas prices are going up by those who are anti-trade.

What is most important? The lowest costs or energy independence? Because you can not have both.
 

RVR SWPR

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Buckle up,The Morons responsible for the corrupt biden election are in noway prepared for what coming.

“The worst of all was a domestic threat that is now all but forgotten: sharp inflation. The basic Consumer Price Index used by the government to measure the cost of common goods and services soared by 13.3 percent in 1979 and 12.5 percent in 1980, capping a four-year surge of inflation that drove up the cost of living by a cumulative 48 percent.”
“Just to stay even, a family’s breadwinners would have to average huge raises every year. News accounts of the era reflect a sense of desperation among millions of families, of constantly losing ground.”

”Spring 1980, with inflation at an 18 percent rate for the first quarter of the year, with home mortgage rates above 14 percent and with some farmers being forced to borrow against their summer crops at a 25 percent rate, it felt like a real possibility that the United States was on track to be ruined by hyperinflation.”
 

was thatguy

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The US was exporting in 2018. It was actually exporting in 2015 when Obama took the ban off US oil exports. 🤫

The question addressed in that article is; are we energy independent? And the answer is absolutely no as we have an excess of some products and a shortage of others.

The point is the US is not and will not be “energy independent”. And the reason why is because it is neither efficient, possible nor economical for America to have the necessary capacity of every type of crude and finished product necessary to meet US demand.

American‘s can actually have lower energy costs when they recognize that global trade can improve efficiencies and lower costs to the consumers.

That is the irony of this thread in complaining that gas prices are going up by those who are anti-trade.

What is most important? The lowest costs or energy independence? Because you can not have both.
Quite possibly your most uninformative, rhetorical post ever.
The current spike in prices is of our own fashioning by restriction...normally your biggest pet peeve.
But you can’t help yourself can you?
You MUST argue against the Trumpkins even if you have to knowingly misconstrue (pretzel) reality.
 

regor

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Buckle up,The Morons responsible for the corrupt biden election are in noway prepared for what coming.

“The worst of all was a domestic threat that is now all but forgotten: sharp inflation. The basic Consumer Price Index used by the government to measure the cost of common goods and services soared by 13.3 percent in 1979 and 12.5 percent in 1980, capping a four-year surge of inflation that drove up the cost of living by a cumulative 48 percent.”
“Just to stay even, a family’s breadwinners would have to average huge raises every year. News accounts of the era reflect a sense of desperation among millions of families, of constantly losing ground.”

”Spring 1980, with inflation at an 18 percent rate for the first quarter of the year, with home mortgage rates above 14 percent and with some farmers being forced to borrow against their summer crops at a 25 percent rate, it felt like a real possibility that the United States was on track to be ruined by hyperinflation.”
They know Sweep, it’s just another avenue to rob the middle class of their savings and pensions.
 

94Nautique

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You braindead Democraps have got gas up $.40 a gallon in Havasu, who knows how high taxes are going up and every 3rd world lowlife is welcomed in my Country!! You should be proud of yourselves!!
Of course they are happy, dam they are over the moon. These policy’s FUCK the poor, and as we know the left HATES the poor. I mean THEY HATE them. This simply proves it again.

fuck democrats. They will fuck everyone else.
 

Lavey29

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I think it fits in with the radical left green new deal plan and the re set. Make gas prices so high that it forces people to go electric or move close to work which means some inner city ghetto. They want to integrate the inner city shit holes again and will do what it takes to make people assimilate to their socialist agenda.

I sometimes wonder if there is some type of subversive mind control going on in our nation. People can not really be that stupid as evidenced by our resident liberals on the site who have no logical explanation for what is occurring the past 50 days.
 

was thatguy

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Right now all crude is trading between $63-$67 bbl

Historically my phone starts ringing at $55 and up.
Not only is zero domestic stimulation occurring, and no phone calls are coming in, but most of the clients I’ve worked for as a DD consultant are not even in business. They’ve shuttered over the past year, or are hanging on by a thread with minimal revenue.
One year ago, I had a decent job with an outfit that at times employed over 100 field hands and had 4 or more divisional offices in their US subsidiary. (Canadian based)
I’ve worked for them probably 10 total years off and on since 2005. I also had 2 other offers on the table to consider from similar if not a little smaller sized companies.
Today, they all have like 4 guys working and maybe 1-2 rigs contracted nationwide.

At $65 a bbl...

It’s insane.
 

Bobby V

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I give you “exhibit A”...

Chuckles could give 2 fucks about the destruction of our Country.
You Trumpkins said the POTUS doesn’t have anything to do with gas prices when they went up a few years ago...lol 😂
 

AR33

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Bobby V

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Huh??? We haven’t seen these gas prices in 3 years. Just stop


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Wouldn’t know. I don’t check prices. My company gas card is from Chevron which goes in my company truck. Lol 😂
 

was thatguy

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You Trumpkins said the POTUS doesn’t have anything to do with gas prices when they went up a few years ago...lol 😂
He didn’t.
Now he does.
Different causation and different circumstances.

Like I said...all the wrong reasons.

Like a flat tire on your company truck.
It’s a one thing to have a puncture in a well maintained tire, it’s another thing to have a flat tire due to running the thing deep into the third ply...
Or like Biden, driving it the wrong way through a spiked gate .
 

RodnJen

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Right now all crude is trading between $63-$67 bbl

Historically my phone starts ringing at $55 and up.
Not only is zero domestic stimulation occurring, and no phone calls are coming in, but most of the clients I’ve worked for as a DD consultant are not even in business. They’ve shuttered over the past year, or are hanging on by a thread with minimal revenue.
One year ago, I had a decent job with an outfit that at times employed over 100 field hands and had 4 or more divisional offices in their US subsidiary. (Canadian based)
I’ve worked for them probably 10 total years off and on since 2005. I also had 2 other offers on the table to consider from similar if not a little smaller sized companies.
Today, they all have like 4 guys working and maybe 1-2 rigs contracted nationwide.

At $65 a bbl...

It’s insane.
Well you are turning 60 this year. ;)
 

RodnJen

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He didn’t.
Now he does.
Different causation and different circumstances.

Like I said...all the wrong reasons.

Like a flat tire on your company truck.
It’s a one thing to have a puncture in a well maintained tire, it’s another thing to have a flat tire due to running the thing deep into the third ply...
Or like Biden, driving it the wrong way through a spiked gate .
Full disclosure: I learned this from a liberal TV show not in school.

Post hoc ergo propter hoc (Latin: 'after this, therefore because of this') is an informal fallacy that states: "Since event Y followed event X, event Y must have been caused by event X." It is often shortened simply to post hoc fallacy.

Post hoc is a particularly tempting error because correlation appears to suggest causality. The fallacy lies in a conclusion based solely on the order of events, rather than taking into account other factors potentially responsible for the result that might rule out the connection.

A simple example is "the rooster crows immediately before sunrise; therefore the rooster causes the sun to rise."
 

was thatguy

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Full disclosure: I learned this from a liberal TV show not in school.

Post hoc ergo propter hoc (Latin: 'after this, therefore because of this') is an informal fallacy that states: "Since event Y followed event X, event Y must have been caused by event X." It is often shortened simply to post hoc fallacy.

Post hoc is a particularly tempting error because correlation appears to suggest causality. The fallacy lies in a conclusion based solely on the order of events, rather than taking into account other factors potentially responsible for the result that might rule out the connection.

A simple example is "the rooster crows immediately before sunrise; therefore the rooster causes the sun to rise."
That’s stupid.
 

RodnJen

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Yep, and am an asset as a long time DD.
It is true that younger guys will work cheaper.
But that is a very limited talent pool.
That’s the point.
At $65 a bbl even MY phone should be ringing.
That's true, institutional knowledge is no joke. Young talent is one thing but experience is tough to put a price on.

I'm losing 33% of my team due to early retirement incentives. That is a combined 79 years worth of experience walking out the door. The next few months are going to be interesting.
 

SNiC Jet

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We export 19% of our oil to Canada but the US needs the Keystone Pipeline?
Ever heard of "planning for tomorrow"?
Ever heard of "shoring up our positions"?
Why does the thought of the U.S. being "petroleum independent" frighten you?
 

530RL

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Yep, and am an asset as a long time DD.
It is true that younger guys will work cheaper.
But that is a very limited talent pool.
That’s the point.
At $65 a bbl even MY phone should be ringing.
Maybe oil prices are not the problem? 🤷🤷🤷
 

94Nautique

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That's true, institutional knowledge is no joke. Young talent is one thing but experience is tough to put a price on.

I'm losing 33% of my team due to early retirement incentives. That is a combined 79 years worth of experience walking out the door. The next few months are going to be interesting.
Govt experience of what?

Standing at the water cooler?

Figuring out ways to pump govt employee union money to democrats campaigns?

4 guys holding one shovel looking at a job that needs a broom, and calling a lid on the debacle at 2 pm?

Sorry, govt is the problem, not the answer.

Sent from my SM-T387V using Tapatalk
 

Q4mtxUS

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$4.15 /gal.....for non ethanol in PDX today...😮
 

dnewps

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RodnJen

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You were dropped on your head at birth. THIS IS NOT A STRONG ECONOMY. Go ask someone that makes 50k a year. Idiot!!! People are in deep shit. You must be part of the FAKE elite.
I thought it was “the greatest economy the world has ever seen?” So you are saying old Joe destroyed the economy in a month? How so?
 

Riley1

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Full disclosure: I learned this from a liberal TV show not in school.

Post hoc ergo propter hoc (Latin: 'after this, therefore because of this') is an informal fallacy that states: "Since event Y followed event X, event Y must have been caused by event X." It is often shortened simply to post hoc fallacy.

Post hoc is a particularly tempting error because correlation appears to suggest causality. The fallacy lies in a conclusion based solely on the order of events, rather than taking into account other factors potentially responsible for the result that might rule out the connection.

A simple example is "the rooster crows immediately before sunrise; therefore the rooster causes the sun to rise."
“Y” fallowed “X”????
Y = Trump.
Y = Reagen
Your equation would go forever!
Y = Next.


You are actually too stupid to argue with!

But you somehow figured out how to make it through life and have a boat?
Even a broken clock is right twice a day.
 

was thatguy

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“Y” fallowed “X”????
Y = Trump.
Y = Reagen
Your equation would go forever!
Y = Next.


You are actually too stupid to argue with!

But you somehow figured out how to make it through life and have a boat?
Even a broken clock is right twice a day.
The reason Rod can’t form cohesive Lib arguments is because he’s actually almost not a lib.
He does it to spite his family...!

F647A712-973D-4E07-A09C-876D96453D69.jpeg
 

spectra3279

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I skipped to the end for you. It is always more complicated than we want it to be and I certainly don’t have all the answers.

“As oil prices rise, U.S. oil companies pump out more oil to capture higher profits, limiting OPEC's ability to influence its price. Historically, OPEC's production cuts had devastating effects on global economies, although this is no longer always the case. The U.S. is one of the world's top consumers of oil, and as production at home increases, there will be less demand for OPEC oil in the U.S.


Nevertheless, it is important to note that, although the United States is the top producing nation, the top exporters are predominantly members of OPEC+, which means that they are still the key player in the oil price determination process. There may come a day when OPEC loses its clout but that day is not yet here.”


We were the top producer. Not anymore.

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Ziggy

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Me thinks the Kool-aid had sum-ting weird in it.🤔
 

dnewps

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I thought it was “the greatest economy the world has ever seen?” So you are saying old Joe destroyed the economy in a month? How so?
Joe doesn’t know what day it is. The democraps adopted the China model to deal with the virus. The coordination between government, big tech, media, teachers unions, etc. has destroyed the Trump economy to get the dementia patient elected. It was days after Election CA started opening up, the vaccine was approved, the standards for covid positive changed, etc. the virus is real but the hysteria and response is a democrap fraud that will take years to restore. In the meantime, the fed and treasury are backfilling printed money like never in history. Risk assets like RE and stock are rising with the fake money that is being used to stave off deflation and making the richest Americans richer while the working class waits for $600 checks to survive.
 

Waffles

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How old is that opinion piece? America has been producing and EXPORTING for the last 2 years, first time in decades, proving that we are not dependant on foreign oil.

Well, until the theft and installation of the senile idiot and a whore.

You don't really know math or economics there cupcake, maybe go make yer wife a sammich.
OLD. The date it was published is literally in the url

 

was thatguy

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Here’s a fun fact.
This time last year demand for OPEC exported oil hit a 30 year low globally.

Wonder what that looks like now?
Wonder if that had anything to do with the phony election?
 

RodnJen

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Here’s a fun fact.
This time last year demand for OPEC exported oil hit a 30 year low globally.

Wonder what that looks like now?
Wonder if that had anything to do with the phony election?
Had to do with a real, global pandemic.
 

Racey

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Quite possibly your most uninformative, rhetorical post ever.
The current spike in prices is of our own fashioning by restriction...normally your biggest pet peeve.
But you can’t help yourself can you?
You MUST argue against the Trumpkins even if you have to knowingly misconstrue (pretzel) reality.
Exactly, all that hot air but totally ignores the inconvenient fact that when Trump started pushing his policy energy and product prices went down, and as soon as bidne comes in and signs some EOs they go right back up.

But this is his version of "conservativisn", which we all know is total bullshit anyway 🤣🤣
 

HBCraig

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I think it fits in with the radical left green new deal plan and the re set. Make gas prices so high that it forces people to go electric or move close to work which means some inner city ghetto. They want to integrate the inner city shit holes again and will do what it takes to make people assimilate to their socialist agenda.

I sometimes wonder if there is some type of subversive mind control going on in our nation. People can not really be that stupid as evidenced by our resident liberals on the site who have no logical explanation for what is occurring the past 50 days.
The mind control is simply the lack of education ans rational thinking by the sheep that vote Democrat. Unfortunately they are simply not smart enough.
 

dnewps

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Democraps are smart enough...but they have faith in government and question religion.
 
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