MDlaxfan76 wrote: ↑Thu Feb 10, 2022 9:31 am
. First and foremost, they used to believe in actual governance for the public good. That's been abandoned.
Can you give us an example of a GOP politician, in the past, that lived by this mythical standard? Nixon and Marylands own, "public do-gooder" Spiro Agnew? Strom Thurmond floated your boat, all these years? Reagan and Bush, were they the first to "abandon" it, we guess? Wondering , if we are being sincere, who fits the bill. Please, just ONE name.
Lincoln.
Eisenhower.
I always chuckle when this thread pops up. Everyone knows that a bunch of country hayseeds who got rowdy in DC aren’t exactly coup plotters nor coup capable. Democrats need to promote this lie because the rest of their agenda is dead in the water right now.
1-6 is all they got. Sad, to be frank. Imagine only having 1-6 and the dangers of the dude with a Viking helmet to promote your brand.
Meanwhile, don’t look now, but polls for November suggest an historic red wave. Hang on, folks. It’s going to be amazing.
Pure trolling. SAD.
Re: January 6, 2021: Insurrection or “normal tourist” visitation?
MDlaxfan76 wrote: ↑Thu Feb 10, 2022 9:31 am
. First and foremost, they used to believe in actual governance for the public good. That's been abandoned.
Can you give us an example of a GOP politician, in the past, that lived by this mythical standard? Nixon and Marylands own, "public do-gooder" Spiro Agnew? Strom Thurmond floated your boat, all these years? Reagan and Bush, were they the first to "abandon" it, we guess? Wondering , if we are being sincere, who fits the bill. Please, just ONE name.
Lincoln.
Eisenhower.
I always chuckle when this thread pops up. Everyone knows that a bunch of country hayseeds who got rowdy in DC aren’t exactly coup plotters nor coup capable. Democrats need to promote this lie because the rest of their agenda is dead in the water right now.
1-6 is all they got. Sad, to be frank. Imagine only having 1-6 and the dangers of the dude with a Viking helmet to promote your brand.
Meanwhile, don’t look now, but polls for November suggest an historic red wave. Hang on, folks. It’s going to be amazing.
Pure trolling. SAD.
Pure truth, more like it.
Show me where I’m wrong. What do Democrats have as policy right now? Are you okay with these inflation numbers?
Re: January 6, 2021: Insurrection or “normal tourist” visitation?
Posted: Thu Feb 10, 2022 7:08 pm
by a fan
Peter Brown wrote: ↑Thu Feb 10, 2022 6:48 pm
What do Democrats have as policy right now?
Passed a decades overdue infrastructure bill. That's going to update roads and bring internet to rednecks in your State, Pete.
Remember when the smart voters in your party believed in infrastructure?
Now you've Gazpacho calling the shots for you, with more idiots waiting to get elected.
And yes, I'm ok with these inflation numbers. Can you tell the class why inflation is rising, Pete? Probably not.
Re: January 6, 2021: Insurrection or “normal tourist” visitation?
Peter Brown wrote: ↑Thu Feb 10, 2022 6:48 pm
What do Democrats have as policy right now?
Passed a decades overdue infrastructure bill. That's going to update roads and bring internet to rednecks in your State, Pete.
Remember when the smart voters in your party believed in infrastructure?
Now you've Gazpacho calling the shots for you, with more idiots waiting to get elected.
And yes, I'm ok with these inflation numbers. Can you tell the class why inflation is rising, Pete? Probably not.
You’re ‘okay’ with inflation because you’re not working class and nor are your customers. It’s fools gold to be so laissez-faire about inflation; inflation hollows out any economy and obliterates those most susceptible to it. Show some concern, dude. Jeeez.
Wake up, a fan, ‘fore it’s too late. This guy and your Party are destabilizing cancers on American success.
And MGT is alright; she handled her malapropism just fine with some clever tweets today. The woman means well and is no commie.
Re: January 6, 2021: Insurrection or “normal tourist” visitation?
Posted: Thu Feb 10, 2022 8:06 pm
by a fan
Peter Brown wrote: ↑Thu Feb 10, 2022 7:46 pm
You’re ‘okay’ with inflation because you’re not working class and nor are your customers. It’s fools gold to be so laissez-faire about inflation; inflation hollows out any economy and obliterates those most susceptible to it. Show some concern, dude. Jeeez.
I'm ok with inflation because unlike you, I don't think you can "vote inflation away", Pete.
Tell me---what's your party going to do to get inflation to drop? Burn books?
Peter Brown wrote: ↑Thu Feb 10, 2022 7:46 pm
Wake up, a fan, ‘fore it’s too late. This guy and your Party are destabilizing cancers on American success.
What happened to bragging about the Stock Market when Trump was in power, Petey? Once a little D gets in the White House, you move those goalposts, and start whining about inflation. As if inflation hasn't been sticking it to TrumpNation over the last 30 years, as it leaves their paychecks in the dust.
No one is this stupid Pete. And if you really are this dumb, please tell me you don't make any decisions for your company, and you're just that dude in Office Space who can't answer the consultant's question "what would you say.......you do here?"
Re: January 6, 2021: Insurrection or “normal tourist” visitation?
Posted: Fri Feb 11, 2022 7:09 am
by Farfromgeneva
I LOVE Michael Bolton!
Re: January 6, 2021: Insurrection or “normal tourist” visitation?
Posted: Fri Feb 11, 2022 7:56 am
by CU88
Farfromgeneva wrote: ↑Fri Feb 11, 2022 7:09 am
I LOVE Michael Bolton!
LOL
Re: January 6, 2021: Insurrection or “normal tourist” visitation?
Peter Brown wrote: ↑Thu Feb 10, 2022 7:46 pm
You’re ‘okay’ with inflation because you’re not working class and nor are your customers. It’s fools gold to be so laissez-faire about inflation; inflation hollows out any economy and obliterates those most susceptible to it. Show some concern, dude. Jeeez.
I'm ok with inflation because unlike you, I don't think you can "vote inflation away", Pete.
Tell me---what's your party going to do to get inflation to drop? Burn books?
Peter Brown wrote: ↑Thu Feb 10, 2022 7:46 pm
Wake up, a fan, ‘fore it’s too late. This guy and your Party are destabilizing cancers on American success.
What happened to bragging about the Stock Market when Trump was in power, Petey? Once a little D gets in the White House, you move those goalposts, and start whining about inflation. As if inflation hasn't been sticking it to TrumpNation over the last 30 years, as it leaves their paychecks in the dust.
No one is this stupid Pete. And if you really are this dumb, please tell me you don't make any decisions for your company, and you're just that dude in Office Space who can't answer the consultant's question "what would you say.......you do here?"
You ‘can’t vote inflation away’. L oh freaking L.
Are you aware of the input variable costs for and by energy? Gasoline, jet fuel, diesel, electric…. Do you not think that if Biden’s team wasn’t so heck-bent on eradicating combustible engines and legacy sources of fuel that our energy pricing wouldn’t be back to where it was under Trump?
Keystone
Rejected gulf leases
Restricted bank financing for traditional exploration
You REALLY need to learn something in this regard, a fan. Increased energy costs are almost ENTIRELY on Biden’s administration, you know, the ones you can vote out. Every time your tank costs you $100 and not $50, you can thank Joe…well, you might not, but I assure you, those hourly workers (who you claim you know) do. And they will turn out in record numbers November 8.
Re: January 6, 2021: Insurrection or “normal tourist” visitation?
Posted: Fri Feb 11, 2022 8:23 am
by MDlaxfan76
so dumb, but expected
Re: January 6, 2021: Insurrection or “normal tourist” visitation?
Posted: Fri Feb 11, 2022 9:00 am
by cradleandshoot
MDlaxfan76 wrote: ↑Fri Feb 11, 2022 8:23 am
so dumb, but expected
Then who takes the blame for the abysmal inflation numbers?
So dumb yet so typical FLP RINO liberal republican...
Is this Petes problem? Is it trumps problem? Is it Bidens problem??? If Bidens willing to bask in the glory of the good he needs to wallow in the despair of the bad.
Re: January 6, 2021: Insurrection or “normal tourist” visitation?
So dumb yet so typical FLP RINO liberal republican...
Is this Petes problem? Is it trumps problem? Is it Bidens problem??? If Bidens willing to bask in the glory of the good he needs to wallow in the despair of the bad.
Do you have any answers cradle? Or do you just want to whine and attack this morning?
My "boy"???
Yes, inflation is very, very high. We've discussed at some length what is happening and going to continue to happen for many months. I can't make you understand if you don't bother to read and think about it. Frankly, you may not have the tool set to do so...that's ok, I don't have your tool set in some other matters for which you have training and experience. I respect yours.
But sure, Biden is going to take the heat for the angst that people reasonably feel about inflation. Doesn't matter whether his policies are to blame (they aren't) or that he's basically powerless, individually, to do anything to reduce inflation, much less dramatically. He's still going to take the heat. Comes with the gig.
We also have the fastest job growth in pretty much all of history, very strong wage growth, very strong GDP growth...and for those who care, an outstanding stock market performance.
And very high inflation. Monetary supply is flush. Supply chains remain disrupted by Covid. Staffing shortages here in US, disruptions and lock downs around the world. Demand remains shifted to hard goods from services. Supply has not caught up. Distribution systems have not caught up.
Big challenges nearly all of which can't be quickly addressed by any Administration. Tough gig, but that's the gig.
So, then we get nonsensical claims by a keyboard warrior as a distraction from his series of unrelated false claims. Energy prices are global, US costs remain among lowest in the world. And the expected movement to electrical transportation all over the world certainly doesn't raise oil and gas prices. They reduce future demand for petroleum, not increase it.
Keyboard warrior trolling.
Re: January 6, 2021: Insurrection or “normal tourist” visitation?
So dumb yet so typical FLP RINO liberal republican...
Is this Petes problem? Is it trumps problem? Is it Bidens problem??? If Bidens willing to bask in the glory of the good he needs to wallow in the despair of the bad.
Do you have any answers cradle? Or do you just want to whine and attack this morning?
My "boy"???
Yes, inflation is very, very high. We've discussed at some length what is happening and going to continue to happen for many months. I can't make you understand if you don't bother to read and think about it. Frankly, you may not have the tool set to do so...that's ok, I don't have your tool set in some other matters for which you have training and experience. I respect yours.
But sure, Biden is going to take the heat for the angst that people reasonably feel about inflation. Doesn't matter whether his policies are to blame (they aren't) or that he's basically powerless, individually, to do anything to reduce inflation, much less dramatically. He's still going to take the heat. Comes with the gig.
We also have the fastest job growth in pretty much all of history, very strong wage growth, very strong GDP growth...and for those who care, an outstanding stock market performance.
And very high inflation. Monetary supply is flush. Supply chains remain disrupted by Covid. Staffing shortages here in US, disruptions and lock downs around the world. Demand remains shifted to hard goods from services. Supply has not caught up. Distribution systems have not caught up.
Big challenges nearly all of which can't be quickly addressed by any Administration. Tough gig, but that's the gig.
So, then we get nonsensical claims by a keyboard warrior as a distraction from his series of unrelated false claims. Energy prices are global, US costs remain among lowest in the world. And the expected movement to electrical transportation all over the world certainly doesn't raise oil and gas prices. They reduce future demand for petroleum, not increase it.
Keyboard warrior trolling.
Your BOY is the POTUS. It is HIS job to find the answers not mine. With great power comes great responsibility. If this was trump leading the nation right now YOU would be leading the way reaming him a new jerk. Are my claims nonsensical that inflation in the US rose 7.5 %? You just can't comprehend that YOUR boy Joe is doing a miserable job handling the economy. No need to get testy with me. You should tell us what YOUR boy Joe is going to do to fix the problem. Your a successful business owner, you of all people should have a clue what the problem is. Maybe Joe should ask you for some guidance? I'm just here on the side lines collecting my social security and working part time in an Italian Deli learning how to trim and slice prosciutto. Your the big business owner, step up to the plate and do something. If your incapable of helping then go for a bike ride and stop and have lunch and a cold beer. Lead or get the F**k out of the way... how is that advice from a keyboard warrior??
Re: January 6, 2021: Insurrection or “normal tourist” visitation?
Posted: Fri Feb 11, 2022 9:51 am
by MDlaxfan76
yeah, go max offensive in response.
Obviously you didn't bother to read or comprehend what I wrote immediately above.
Ok, done with that topic with you.
Re: January 6, 2021: Insurrection or “normal tourist” visitation?
So dumb yet so typical FLP RINO liberal republican...
Is this Petes problem? Is it trumps problem? Is it Bidens problem??? If Bidens willing to bask in the glory of the good he needs to wallow in the despair of the bad.
Do you have any answers cradle? Or do you just want to whine and attack this morning?
My "boy"???
Yes, inflation is very, very high. We've discussed at some length what is happening and going to continue to happen for many months. I can't make you understand if you don't bother to read and think about it. Frankly, you may not have the tool set to do so...that's ok, I don't have your tool set in some other matters for which you have training and experience. I respect yours.
But sure, Biden is going to take the heat for the angst that people reasonably feel about inflation. Doesn't matter whether his policies are to blame (they aren't) or that he's basically powerless, individually, to do anything to reduce inflation, much less dramatically. He's still going to take the heat. Comes with the gig.
We also have the fastest job growth in pretty much all of history, very strong wage growth, very strong GDP growth...and for those who care, an outstanding stock market performance.
And very high inflation. Monetary supply is flush. Supply chains remain disrupted by Covid. Staffing shortages here in US, disruptions and lock downs around the world. Demand remains shifted to hard goods from services. Supply has not caught up. Distribution systems have not caught up.
Big challenges nearly all of which can't be quickly addressed by any Administration. Tough gig, but that's the gig.
So, then we get nonsensical claims by a keyboard warrior as a distraction from his series of unrelated false claims. Energy prices are global, US costs remain among lowest in the world. And the expected movement to electrical transportation all over the world certainly doesn't raise oil and gas prices. They reduce future demand for petroleum, not increase it.
Keyboard warrior trolling.
Your BOY is the POTUS. It is HIS job to find the answers not mine. With great power comes great responsibility. If this was trump leading the nation right now YOU would be leading the way reaming him a new jerk. Are my claims nonsensical that inflation in the US rose 7.5 %? You just can't comprehend that YOUR boy Joe is doing a miserable job handling the economy. No need to get testy with me. You should tell us what YOUR boy Joe is going to do to fix the problem. Your a successful business owner, you of all people should have a clue what the problem is. Maybe Joe should ask you for some guidance? I'm just here on the side lines collecting my social security and working part time in an Italian Deli learning how to trim and slice prosciutto. Your the big business owner, step up to the plate and do something. If your incapable of helping then go for a bike ride and stop and have lunch and a cold beer. Lead or get the F**k out of the way... how is that advice from a keyboard warrior??
Here’s “dumb” Steve Schwarzman explaining why Biden is causing energy prices to skyrocket:
President Biden is restricting America’s ability to produce its own oil and is instead relying on foreign countries, some of which have governments run by totalitarian regimes, to produce more oil to lower gas prices. Biden’s decision to cut off avenues for more domestic supply of oil by canceling the Keystone XL pipeline and limiting exploration on federal lands and waters gives the Organization of the Petroleum Exporting Countries (OPEC) significant leverage over American energy consumption.
According to the Bureau of Labor Statistics, the Consumer Price Index for All Urban Consumers rose 6.2 percent from October 2020 to October 2021. Specifically, energy prices increased by 30 percent in the past year, “its largest 12-month increase since the period ending September 2005.” At the same time, gas prices rose 49.6 percent. Additionally, the Personal Consumption Expenditures Price Index rose by 5 percent from October 2020 to October 2021.
Inflation is eroding purchasing power for low-income households and the Biden administration is seeking to choke off capital to the oil and gas industry, limiting the United States’ energy supply.
In October, Blackstone CEO Stephen Schwarzman stated that part of the reason why energy prices are so high is that financing for fossil fuel companies is “almost impossible” to attain because Biden’s administration cia the Federal Reserve and other regulatory agencies has sought to restrict bank lending in the energy sector.
Moreover, BlackRock CEO Larry Fink also admitted that policies that restrict the “supply of hydrocarbons has created energy inflation” and that it is not transitory — in fact, it may stick around for a long time.
Additionally, Christopher Wood, Global Head of Equity Strategy at Jeffries, told CNBC that the mismatch between demand and supply for energy could get worse. Wood states that the issue is the “oil price is gonna go higher in a fully reopened world because nobody’s investing in oil but the world still consumes fossil fuels.” Wood went so far as to say that in a “fully reopened world, the oil price could go to $150 dollars.”
The rise in prices can be attributed to political pressure from the administration to reel back oil and gas production. Wood claims that the “political attack” on oil and gas “has removed the incentive for investment in the sector despite its lingering importance.”
Re: January 6, 2021: Insurrection or “normal tourist” visitation?
So dumb yet so typical FLP RINO liberal republican...
Is this Petes problem? Is it trumps problem? Is it Bidens problem??? If Bidens willing to bask in the glory of the good he needs to wallow in the despair of the bad.
Do you have any answers cradle? Or do you just want to whine and attack this morning?
My "boy"???
Yes, inflation is very, very high. We've discussed at some length what is happening and going to continue to happen for many months. I can't make you understand if you don't bother to read and think about it. Frankly, you may not have the tool set to do so...that's ok, I don't have your tool set in some other matters for which you have training and experience. I respect yours.
But sure, Biden is going to take the heat for the angst that people reasonably feel about inflation. Doesn't matter whether his policies are to blame (they aren't) or that he's basically powerless, individually, to do anything to reduce inflation, much less dramatically. He's still going to take the heat. Comes with the gig.
We also have the fastest job growth in pretty much all of history, very strong wage growth, very strong GDP growth...and for those who care, an outstanding stock market performance.
And very high inflation. Monetary supply is flush. Supply chains remain disrupted by Covid. Staffing shortages here in US, disruptions and lock downs around the world. Demand remains shifted to hard goods from services. Supply has not caught up. Distribution systems have not caught up.
Big challenges nearly all of which can't be quickly addressed by any Administration. Tough gig, but that's the gig.
So, then we get nonsensical claims by a keyboard warrior as a distraction from his series of unrelated false claims. Energy prices are global, US costs remain among lowest in the world. And the expected movement to electrical transportation all over the world certainly doesn't raise oil and gas prices. They reduce future demand for petroleum, not increase it.
Keyboard warrior trolling.
Your BOY is the POTUS. It is HIS job to find the answers not mine. With great power comes great responsibility. If this was trump leading the nation right now YOU would be leading the way reaming him a new jerk. Are my claims nonsensical that inflation in the US rose 7.5 %? You just can't comprehend that YOUR boy Joe is doing a miserable job handling the economy. No need to get testy with me. You should tell us what YOUR boy Joe is going to do to fix the problem. Your a successful business owner, you of all people should have a clue what the problem is. Maybe Joe should ask you for some guidance? I'm just here on the side lines collecting my social security and working part time in an Italian Deli learning how to trim and slice prosciutto. Your the big business owner, step up to the plate and do something. If your incapable of helping then go for a bike ride and stop and have lunch and a cold beer. Lead or get the F**k out of the way... how is that advice from a keyboard warrior??
Here’s “dumb” Steve Schwarzman explaining why Biden is causing energy prices to skyrocket:
President Biden is restricting America’s ability to produce its own oil and is instead relying on foreign countries, some of which have governments run by totalitarian regimes, to produce more oil to lower gas prices. Biden’s decision to cut off avenues for more domestic supply of oil by canceling the Keystone XL pipeline and limiting exploration on federal lands and waters gives the Organization of the Petroleum Exporting Countries (OPEC) significant leverage over American energy consumption.
According to the Bureau of Labor Statistics, the Consumer Price Index for All Urban Consumers rose 6.2 percent from October 2020 to October 2021. Specifically, energy prices increased by 30 percent in the past year, “its largest 12-month increase since the period ending September 2005.” At the same time, gas prices rose 49.6 percent. Additionally, the Personal Consumption Expenditures Price Index rose by 5 percent from October 2020 to October 2021.
Inflation is eroding purchasing power for low-income households and the Biden administration is seeking to choke off capital to the oil and gas industry, limiting the United States’ energy supply.
In October, Blackstone CEO Stephen Schwarzman stated that part of the reason why energy prices are so high is that financing for fossil fuel companies is “almost impossible” to attain because Biden’s administration cia the Federal Reserve and other regulatory agencies has sought to restrict bank lending in the energy sector.
Moreover, BlackRock CEO Larry Fink also admitted that policies that restrict the “supply of hydrocarbons has created energy inflation” and that it is not transitory — in fact, it may stick around for a long time.
Additionally, Christopher Wood, Global Head of Equity Strategy at Jeffries, told CNBC that the mismatch between demand and supply for energy could get worse. Wood states that the issue is the “oil price is gonna go higher in a fully reopened world because nobody’s investing in oil but the world still consumes fossil fuels.” Wood went so far as to say that in a “fully reopened world, the oil price could go to $150 dollars.”
The rise in prices can be attributed to political pressure from the administration to reel back oil and gas production. Wood claims that the “political attack” on oil and gas “has removed the incentive for investment in the sector despite its lingering importance.”
All I know is that Joe Biden is in the drivers seat. He has the honor of taking credit for the good and being held responsible for the bad. The fact it is going bad has sent poor MD Lax into a tizzy trying to find excuses for his BOY. If it was going good Mr MD Lax would probably break his arm patting his BOY on the back. What is that plaque Harry Truman had on his desk... THE BUCK STOPS HERE. All Joe has to do is fix it. That should not be a big problem now should it??
Re: January 6, 2021: Insurrection or “normal tourist” visitation?
So dumb yet so typical FLP RINO liberal republican...
Is this Petes problem? Is it trumps problem? Is it Bidens problem??? If Bidens willing to bask in the glory of the good he needs to wallow in the despair of the bad.
Do you have any answers cradle? Or do you just want to whine and attack this morning?
My "boy"???
Yes, inflation is very, very high. We've discussed at some length what is happening and going to continue to happen for many months. I can't make you understand if you don't bother to read and think about it. Frankly, you may not have the tool set to do so...that's ok, I don't have your tool set in some other matters for which you have training and experience. I respect yours.
But sure, Biden is going to take the heat for the angst that people reasonably feel about inflation. Doesn't matter whether his policies are to blame (they aren't) or that he's basically powerless, individually, to do anything to reduce inflation, much less dramatically. He's still going to take the heat. Comes with the gig.
We also have the fastest job growth in pretty much all of history, very strong wage growth, very strong GDP growth...and for those who care, an outstanding stock market performance.
And very high inflation. Monetary supply is flush. Supply chains remain disrupted by Covid. Staffing shortages here in US, disruptions and lock downs around the world. Demand remains shifted to hard goods from services. Supply has not caught up. Distribution systems have not caught up.
Big challenges nearly all of which can't be quickly addressed by any Administration. Tough gig, but that's the gig.
So, then we get nonsensical claims by a keyboard warrior as a distraction from his series of unrelated false claims. Energy prices are global, US costs remain among lowest in the world. And the expected movement to electrical transportation all over the world certainly doesn't raise oil and gas prices. They reduce future demand for petroleum, not increase it.
Keyboard warrior trolling.
Your BOY is the POTUS. It is HIS job to find the answers not mine. With great power comes great responsibility. If this was trump leading the nation right now YOU would be leading the way reaming him a new jerk. Are my claims nonsensical that inflation in the US rose 7.5 %? You just can't comprehend that YOUR boy Joe is doing a miserable job handling the economy. No need to get testy with me. You should tell us what YOUR boy Joe is going to do to fix the problem. Your a successful business owner, you of all people should have a clue what the problem is. Maybe Joe should ask you for some guidance? I'm just here on the side lines collecting my social security and working part time in an Italian Deli learning how to trim and slice prosciutto. Your the big business owner, step up to the plate and do something. If your incapable of helping then go for a bike ride and stop and have lunch and a cold beer. Lead or get the F**k out of the way... how is that advice from a keyboard warrior??
Here’s “dumb” Steve Schwarzman explaining why Biden is causing energy prices to skyrocket:
President Biden is restricting America’s ability to produce its own oil and is instead relying on foreign countries, some of which have governments run by totalitarian regimes, to produce more oil to lower gas prices. Biden’s decision to cut off avenues for more domestic supply of oil by canceling the Keystone XL pipeline and limiting exploration on federal lands and waters gives the Organization of the Petroleum Exporting Countries (OPEC) significant leverage over American energy consumption.
According to the Bureau of Labor Statistics, the Consumer Price Index for All Urban Consumers rose 6.2 percent from October 2020 to October 2021. Specifically, energy prices increased by 30 percent in the past year, “its largest 12-month increase since the period ending September 2005.” At the same time, gas prices rose 49.6 percent. Additionally, the Personal Consumption Expenditures Price Index rose by 5 percent from October 2020 to October 2021.
Inflation is eroding purchasing power for low-income households and the Biden administration is seeking to choke off capital to the oil and gas industry, limiting the United States’ energy supply.
In October, Blackstone CEO Stephen Schwarzman stated that part of the reason why energy prices are so high is that financing for fossil fuel companies is “almost impossible” to attain because Biden’s administration cia the Federal Reserve and other regulatory agencies has sought to restrict bank lending in the energy sector.
Moreover, BlackRock CEO Larry Fink also admitted that policies that restrict the “supply of hydrocarbons has created energy inflation” and that it is not transitory — in fact, it may stick around for a long time.
Additionally, Christopher Wood, Global Head of Equity Strategy at Jeffries, told CNBC that the mismatch between demand and supply for energy could get worse. Wood states that the issue is the “oil price is gonna go higher in a fully reopened world because nobody’s investing in oil but the world still consumes fossil fuels.” Wood went so far as to say that in a “fully reopened world, the oil price could go to $150 dollars.”
The rise in prices can be attributed to political pressure from the administration to reel back oil and gas production. Wood claims that the “political attack” on oil and gas “has removed the incentive for investment in the sector despite its lingering importance.”
All I know is that Joe Biden is in the drivers seat. He has the honor of taking credit for the good and being held responsible for the bad. The fact it is going bad has sent poor MD Lax into a tizzy trying to find excuses for his BOY. If it was going good Mr MD Lax would probably break his arm patting his BOY on the back. What is that plaque Harry Truman had on his desk... THE BUCK STOPS HERE. All Joe has to do is fix it. That should not be a big problem now should it??
Your post is correct I’m every respect. +1
Re: January 6, 2021: Insurrection or “normal tourist” visitation?
Posted: Fri Feb 11, 2022 10:15 am
by MDlaxfan76
US oil companies slashed production and development in 2020 not due to Biden policies (he wasn't even President) but rather because it became enormously unprofitable to do so as demand was crushed.
Wells became unprofitable if uncapped, no new drilling, no exploration dollars spent, producers were having to pay to have existing supplies taken off their hands.
Brutal. Lots of smaller exploration companies and related equipment suppliers etc went bankrupt. Many had been leveraged and when demand disappeared they could not adjust fast enough.
My wife joined the board of a surviving oil and gas company this time last year so is privy to the risk/reward discussions they have about committing to exploration and development, which are major forward capital expenditures with longer tail payoff potential.
Covid has remained a big impediment to forward commitments. Just as they were beginning to feel better, Delta came on...then Omicron. Can't underestimate the psychological scars of Covid...this also impacts the bankers.
But commitments are being made.
Sure, the long term assumptions about the conversion away from the combustion engine also weigh on expectations of those long term pay offs of risk taking today. Yup. But this ain't because Biden or Dems want electric, and are in a position to influence (though can't get some smart legislation through) it's because the car and truck companies are moving super rapidly to do so, all over the world. "Detroit" has been anticipating this for more than two decades, but the international acceleration has now made it imperative for them to convert ASAP. Have to compete, and the world is going electric.
So, how to think about new exploration, new drilling?
Complaining about government policies is par for the course for the carbon producers. Same old story. Give us special incentives, special permissions, so that we can make trillions more...it's just part of the game in the big leagues.
Re: January 6, 2021: Insurrection or “normal tourist” visitation?
So dumb yet so typical FLP RINO liberal republican...
Is this Petes problem? Is it trumps problem? Is it Bidens problem??? If Bidens willing to bask in the glory of the good he needs to wallow in the despair of the bad.
Do you have any answers cradle? Or do you just want to whine and attack this morning?
My "boy"???
Yes, inflation is very, very high. We've discussed at some length what is happening and going to continue to happen for many months. I can't make you understand if you don't bother to read and think about it. Frankly, you may not have the tool set to do so...that's ok, I don't have your tool set in some other matters for which you have training and experience. I respect yours.
But sure, Biden is going to take the heat for the angst that people reasonably feel about inflation. Doesn't matter whether his policies are to blame (they aren't) or that he's basically powerless, individually, to do anything to reduce inflation, much less dramatically. He's still going to take the heat. Comes with the gig.
We also have the fastest job growth in pretty much all of history, very strong wage growth, very strong GDP growth...and for those who care, an outstanding stock market performance.
And very high inflation. Monetary supply is flush. Supply chains remain disrupted by Covid. Staffing shortages here in US, disruptions and lock downs around the world. Demand remains shifted to hard goods from services. Supply has not caught up. Distribution systems have not caught up.
Big challenges nearly all of which can't be quickly addressed by any Administration. Tough gig, but that's the gig.
So, then we get nonsensical claims by a keyboard warrior as a distraction from his series of unrelated false claims. Energy prices are global, US costs remain among lowest in the world. And the expected movement to electrical transportation all over the world certainly doesn't raise oil and gas prices. They reduce future demand for petroleum, not increase it.
Keyboard warrior trolling.
Your BOY is the POTUS. It is HIS job to find the answers not mine. With great power comes great responsibility. If this was trump leading the nation right now YOU would be leading the way reaming him a new jerk. Are my claims nonsensical that inflation in the US rose 7.5 %? You just can't comprehend that YOUR boy Joe is doing a miserable job handling the economy. No need to get testy with me. You should tell us what YOUR boy Joe is going to do to fix the problem. Your a successful business owner, you of all people should have a clue what the problem is. Maybe Joe should ask you for some guidance? I'm just here on the side lines collecting my social security and working part time in an Italian Deli learning how to trim and slice prosciutto. Your the big business owner, step up to the plate and do something. If your incapable of helping then go for a bike ride and stop and have lunch and a cold beer. Lead or get the F**k out of the way... how is that advice from a keyboard warrior??
Here’s “dumb” Steve Schwarzman explaining why Biden is causing energy prices to skyrocket:
President Biden is restricting America’s ability to produce its own oil and is instead relying on foreign countries, some of which have governments run by totalitarian regimes, to produce more oil to lower gas prices. Biden’s decision to cut off avenues for more domestic supply of oil by canceling the Keystone XL pipeline and limiting exploration on federal lands and waters gives the Organization of the Petroleum Exporting Countries (OPEC) significant leverage over American energy consumption.
According to the Bureau of Labor Statistics, the Consumer Price Index for All Urban Consumers rose 6.2 percent from October 2020 to October 2021. Specifically, energy prices increased by 30 percent in the past year, “its largest 12-month increase since the period ending September 2005.” At the same time, gas prices rose 49.6 percent. Additionally, the Personal Consumption Expenditures Price Index rose by 5 percent from October 2020 to October 2021.
Inflation is eroding purchasing power for low-income households and the Biden administration is seeking to choke off capital to the oil and gas industry, limiting the United States’ energy supply.
In October, Blackstone CEO Stephen Schwarzman stated that part of the reason why energy prices are so high is that financing for fossil fuel companies is “almost impossible” to attain because Biden’s administration cia the Federal Reserve and other regulatory agencies has sought to restrict bank lending in the energy sector.
Moreover, BlackRock CEO Larry Fink also admitted that policies that restrict the “supply of hydrocarbons has created energy inflation” and that it is not transitory — in fact, it may stick around for a long time.
Additionally, Christopher Wood, Global Head of Equity Strategy at Jeffries, told CNBC that the mismatch between demand and supply for energy could get worse. Wood states that the issue is the “oil price is gonna go higher in a fully reopened world because nobody’s investing in oil but the world still consumes fossil fuels.” Wood went so far as to say that in a “fully reopened world, the oil price could go to $150 dollars.”
The rise in prices can be attributed to political pressure from the administration to reel back oil and gas production. Wood claims that the “political attack” on oil and gas “has removed the incentive for investment in the sector despite its lingering importance.”
All I know is that Joe Biden is in the drivers seat. He has the honor of taking credit for the good and being held responsible for the bad. The fact it is going bad has sent poor MD Lax into a tizzy trying to find excuses for his BOY. If it was going good Mr MD Lax would probably break his arm patting his BOY on the back. What is that plaque Harry Truman had on his desk... THE BUCK STOPS HERE. All Joe has to do is fix it. That should not be a big problem now should it??
Yup, refuse to read and comprehend, just attack...you get your walk this AM?
Re: January 6, 2021: Insurrection or “normal tourist” visitation?
Posted: Fri Feb 11, 2022 10:46 am
by RedFromMI
Note that when PB or cradle are speaking of the increase of oil prices they reference their numbers to the rock bottom prices a few months into the pandemic.
To be fair on any prices you need to be looking at where those numbers compare to the situation before COVID hit. Try this graph on for size:
Does not look so bad when you look at more of the data, does it?
Re: January 6, 2021: Insurrection or “normal tourist” visitation?
"America is really a shared ideal, and Christian nationalism refuses to share," said Seidel. "That's the choice we face: Christian nationalism or America. Because we can't have both."
I'm just here on the side lines collecting my social security and working part time in an Italian Deli learning how to trim and slice prosciutto. Your the big business owner, step up to the plate and do something. If your incapable of helping then go for a bike ride and stop and have lunch and a cold beer. Lead or get the F**k out of the way... how is that advice from a keyboard warrior?? 