From Yahoo Finance:
Sales of U.S. Previously Owned Homes Decline to a Six-Month Low
Sales of previously owned U.S. homes fell in February by more than forecast to a six-month low as a limited supply of properties and high prices deterred potential buyers.
Contract closings decreased 7.2% in February from the prior month to an annualized 6.02 million, figures from the National Association of Realtors showed Friday. The median forecast in a Bloomberg survey of economists called for a 6.1 million annualized rate in February. The monthly drop was the biggest in a year.
“Housing affordability continues to be a major challenge, as buyers are getting a double whammy: rising mortgage rates and sustained price increases,” Lawrence Yun, NAR’s chief economist, said in a statement Friday.
The slide in sales reflects a market still constrained by a lack of inventory, which in February was the second-lowest on record. Buyers are bidding up prices on the few homes available. Meantime, affordability is showing signs of worsening, especially among first-time buyers.
Builders are facing high materials costs, especially in the wake of Russia’s invasion of Ukraine, and mortgage rates already at an almost three-year high will keep climbing as the Federal Reserve tightens policy. Meantime, broad-based inflation is driving up the costs of necessities like gasoline, food and rent.
The NAR data showed that the number of homes for sale rose from a month earlier — typical this time of year — but were still 15.5% lower than a year ago. At the current pace it would take 1.7 months to sell all the homes on the market, close to a record low. Realtors see anything below five months of supply as a sign of a tight market.
The median selling price rose 15% from a year earlier, to $357,300 in February.
First-time buyers accounted for 29% of sales last month, down from 31% a year earlier. Yun said at current rates, monthly mortgage payments are up 28% from February last year.
…
All four regions posted sales declines, led by sizable drops in the Northeast and Midwest
First
Well this is interesting
https://www.space.com/russian-cosmonauts-yellow-blue-flight-suits-ukraine
South Park got it right..
Sound required
https://9gag.com/gag/arnAmwd
Grim : Very generous on your part ( paying your friends rent in Kyiv) You are a good man.
Yup they went down to Walmart and bought yellow space suits just before this flight.
Those suits were made a long time ago.
Russia is now operating targeting drones in Western Ukraine and firing Kinzhal hypersonic Mach 10 missiles at them there.
https://www.youtube.com/watch?v=vnKqX7NKTzw
Jesus delivered the term limits this time-guess no one else was going to do it”
“Longest-serving US congressman Don Young dies aged 88 midair on flight from LA to Seattle: Republican Alaska representative served his state for 25 years and filed for reelection
The 88-year-old congressman died while traveling home to Alaska”
Thousands of Russians and Ukrainians at out Southern border? Seems Mexico is letting in migrants no questions asked on flights from everywhere. But they don’t want them to stay in Mexico.
“Ukrainians who can reach US soil are virtually guaranteed a shot at asylum. Only four of the 1,553 who entered in the September-February period were barred under the public health order that lets the US expel migrants without a chance at humanitarian protection.
The number of Russian asylum seekers entering at US land crossings from Mexico surpassed 8,600 from September through February, about 30 times the 288 the same time a year earlier. All but 23 were processed under laws that allow them to seek asylum.
Mexican officials have been wary of migrants sleeping at the border. Last month they dismantled a large migrant camp.”
Another note, once the Covid rules expire it is going to be an even bigger mess at the southern border. Millions of more migrants will be showing up to apply for aslyum.
“US officials have expelled migrants more than 1.7 million times since March 2020 without a chance to see asylum under sweeping authority aimed at preventing spread of COVID-19.”
https://english.alarabiya.net/News/world/2022/03/19/Russians-asylum-seekers-blocked-at-US-border-Ukrainians-admitted-as-war-rages
Left or right, the philosphical underpinning of our right to free speech in the West is premised on the idea that the truth is the strongest foundation to build upon. The West believes that the way to truth is by discussion among competing views – NOT by anointing any single expert or purported expert as the answer on what truth is. Without truth, you have Soviet collapse. Without truth, you had countless kingdoms conquered and resigned to the dustbin of history (“your majesty, our army can easily topple Opponent Kingdom #1 and simultaneously defend against opportunistic encroachment from Opposing Kingdom #2” Boom, Paraguay is almost wiped off the map.).
Let us all not forget that the leftist msm (NYT, CNN, etc.) did not cover the Hunter Biden laptop story. Worse, former CIA bigwigs signed a letter claiming it was likely Russian disinformation. Worst of all, Twitter would ban people from talking about this story (note: they didn’t choose to (a) put a disclaimer under a Hunter Biden story tweet; (b) de-monetize; (c) reduce sharing reach – they did something like flatly banning people for posting a NY Post story or mentioning the topic).
Fortunately, in the US we do have a mostly free market. Thus, the antidote to this poisonous suppression of speech is a social media platform that allows more latitude to people to speak freely. So, from a civic perspective, I am hopeful a twitter competitor gains traction.
From an investor perspective, what the heck is twitter doing? – does it make business sense to alienate 40-50% of the US political spectrum? Are the twitter insiders just true believers of leftist politics or did the intelligence community/some other powerbroker threaten them somehow?
Cleveland Browns make worst deal in history of sports.
If Pat Mahomes had 22 civil lawsuits against him for sexual harassment, sex assault, etc., my offer to him if I was an NFL team owner might be $15M/year. Watson is not nearly as good as Mahomes, but the Browns are paying him $46M/year, guaranteed. I’m anything but woke or a sjw, but I would imagine there are a fair number of fans that won’t buy Watson jerseys ever due to the allegations, will decide to not renew their Browns seasons tickets, etc, so someone with these allegations should be paid a steep discount due to the lower marketability.
Finally, with 22 civil cases against him, I am surprised that wayyyyyy more women are not coming out of the woodwork. Any girl that was at a party with him in the last few years (within the statute of limitations) should claim that they were alone for a moment (in the hallway waiting for a bathroom, passing by each other in some corridor, in some corner of a mansion’s backyard) and that he _____ (insert minimal version of unwanted touching or other similar conduct he stands accused of and collect $50,000+ to quietly settle)____. I would imagine that Watson would rather focus on making $46M/year and moving on rather than getting bogged down by refusing to just cut some checks total less than $10M to quiet down some of the bad press.
Juice… you are quoting The Sun.
You mean the Youtoube link? Story is on every major network.
https://www.bloomberg.com/news/articles/2022-03-19/russia-says-it-used-hypersonic-kinzhal-missiles-for-first-time
“Let us all not forget that the leftist msm (NYT, CNN, etc.) did not cover the Hunter Biden laptop story.”
Let us not forget that the R controlled Senate failed to even allow investigation into Trump impeachment twice..
LOL. Apples and oranges. That’s why the Senate are the (relatively speaking) adults in the room.
The House ‘charges’….lol…
It’s OK…don’t forget both houses of Congress have investigatory powers….can’t wait for hunting season to open in December, 2022…..
Check that, January when the new Congress is sworn in….
Run these leftist fuckers right up the flagpole…hunter, the big guy, Pelosi’s trading, etc
Shut down the Jan 6 commission, not publicly necessarily, but de facto….
Revenge after regime change is fuuuunnnnn…just ask any of our predecessor banana republics.
I stand corrected.
For those complaining about Joe and the missing Grandkid. Lets bypass Donnie and the Grandkids, when have you ever seen them together? Donnie and his youngest? I think I saw them photograpged together 3 times in his term.
But Traitor Top takes it. Hey kids, your new mommy is C0ked up and about to take the stage! https://twitter.com/edafowlergmaic1/status/1505290549774983171
“Shut down the Jan 6 commission,”
What’s up left? Afraid of what’s going to come out now that all those patriots on your wall are heading to the Big house for Seditition et al?
I sat through Bengazi, you can take a seat on this!
Nice piece on Hunter (and his laptop) This guy is a new follow for me.
https://twitter.com/adamdavidson/status/1505174674979921930
“I felt that, since I was reporting so much on Trump’s international corruption, I should give serious look into Hunter Biden. But the story just wasn’t there.
It’s definitely lame that the children of politicians can get lucrative gigs off their last names. I wish that didn’t happen. But it was absurd to compare Hunter/Burisma to any one of the Trump deals I covered.
Now, I think I–and my editors–would have written as much as we could if we found that Hunter Biden did something illegal, bad, etc. But we didn’t. So, we used our news judgment to not write about this nothing issue. “
How the GOP debate CRT?
“https://twitter.com/WarOnDumb/status/1503791567101997067”
Keep an eye on this one.
Andriy Klymenko, the chief editor of news site BlackSeaNews, said on March 19, that Russia had deployed the naval mines along the route from the Bosphorus to Odesa in the northwestern part of the Black Sea.
https://twitter.com/anders_aslund/status/1505375443217747969
For the music lovers out there, here is a band to support.
https://www.theguardian.com/world/2022/mar/19/kyiv-calling-famous-clash-anthem-reborn-as-call-to-arms-beton
A dose of reality:
https://youtu.be/iyLkOnCQEos
Putin really put on an amazing rally.
Especially impressive was his $13,000 Loro Piana puffer jacket.
Power to the people comrade.
“What’s up left? Afraid of what’s going to come out now that all those patriots on your wall are heading to the Big house for Seditition et al?”
Oh hell no, just trying to prioritize the liberal sacred cows in Congress to be put to pasture with a change of control. The ones that will make them really whine and scream.
As our furthest left resident by far feel free to make it easier and just give me a list of those programs, etc closest and dearest to your comrades.
Putin is basically a czar under a different title. Like Xi is emperor under a different title. Only difference is their titles aren’t hereditary.
Phoenix, re: the Carlson post…
The banner over which he speaks reads “Our leaders live in an entirely ideological world”.
Have as normal CBS Sunday Morning in the background now. They just ran a segment on why gas prices are so high with an interactive graph explaining it’s due to a lack of supply. Bunch of reasons given.
Not one is the open hostility of the current US administration to domestic exploration, production, and transport.
Alice in Fucking Wonderland.
Fab – Where are the Federal indictments? SDNY corrupt too? NY State Attorney General Letitia James has made it her life’s work to get Trump. I still see no indictments. Wake me up when the indictments drop until then we will just have to wait for the Pardon for Hunter to drop.
So what does Sleepy Joe say when he Pardons Hunter? What is the spin? Who is paying for all those criminal defense and tax attorneys Hunter has hired? Which deep pocketed DNC operative?
How does an unemployed Artist get a million dollar loan to pay his taxes anyway? It’s not like he owns any real property? Guy is holed up in a Malibu rental that is $20k a month. What collateral does he have his paintings? Lol….
“Not one is the open hostility of the current US administration to domestic average taxpayers.”
Cause that is what it is.
ButtGueeg telling the serfs of America to get on a bus to go to work.
He is more unplugged than MTV
But we have billions for weapons in Ukraine.
Thanks for spending my tax dollars right before April 15.
Nice to know I bought someone else a Javelin missile. That’s where I wanted to send my money. /s
“So what does Sleepy Joe say when he Pardons Hunter?”
Why don’t you wait until Joe actually does this before you get outraged by it?
If you are really bothered by presidents abusing their pardon power, there is another guy much more worthy of your outrage.
OC1 – There are people out there that believe he committed no crimes, the evidence was fabricated by the Russians and Joe was telling the truth during the election. I just want the truth whether it is Trump or Sleepy Joe these crooks should be sent to jail.
Juice
Will never happen. The rich get a pass, while the poor get smothered for selling loose cigarettes or passing a fake $20.
“If you are really bothered by presidents abusing their pardon power, there is another guy much more worthy of your outrage.”
Yeah, that shit Clinton pulled in 2001 was really beyond the pale….Patty Hearst, Green/Rich, his cokehead half brother, and everyone convicted in his Whitewater real estate fraud…..plus a couple spies….checked every box there…nepotism, Dem cosa nostra mob, murderer….
Glad there was no abuse there, just a bunch of people dubiously convicted, who served their time, and are giving back to society /s
“Yeah, that shit Clinton pulled in 2001 was really beyond the pale…”
Thankfully, Clinton will never be president again.
Are there any ex-presidents who abused their pardon power who are eligible to run again? I assume that you would strongly oppose that guy (whoever he might be), right?
HMB
Bingo.
“Not one is the open hostility of the current US administration to domestic exploration, production, and transport.”
No, no, no- you just don’t understand the economic and technical issues that control US oil production.
The hurt feelings of oil producers have nothing to do with it.
“No, no, no- you just don’t understand the economic and technical issues that control US oil production. The hurt feelings of oil producers have nothing to do with it.”
Yeah, yeah, yeah…I understand corporate executives and BoDs…you’d have to be a fool to even consider expanding production when literally more than one half of the government has as their primary goal to shut those current operations as soon as possible.
It’s been a tough month. Suffered:
https://youtu.be/PyAiWd-8kg8
But today, today I feel wonderful.
Hope you do too.
Careful though.
“you’d have to be a fool to even consider expanding production when literally more than one half of the government has as their primary goal to shut those current operations as soon as possible.”
Really leftwing? One half of the governments primary goal?
Encouraging renewables is not the same thing as shutting down current operations.
Oil is going to be with us for a while. Anybody who understands the global energy situation knows this.
And fracked wells (which are close to 100% of new US oil) have very steep decline curves, so most of the oil production comes in the first few years. Long term oil prices are much less a factor for fracked wells than they are for, say, developing a new offshore play, or an “elephant” (as oil men call them) in some remote area.
Using renewable energy responsibly. I like aviation, but I wouldn’t do this. Try not to laugh too hard:
https://www.reddit.com/r/PublicFreakout/comments/til3vu/flying_tesla/?utm_source=share&utm_medium=web2x&context=3
“Encouraging renewables is not the same thing as shutting down current operations. Oil is going to be with us for a while. Anybody who understands the global energy situation knows this.”
Yes to both.
But the current Democrat party does not sign on to it.
Most simply and recently….a Senator with the resume of Warren proposes a windfall oil tax…..well, there’s a great idea….because at a time of great shortage of any item the exact economic remedy prescribed to increase production is to….drum roll….tax it more.
They’re not morons, that would be the easy answer. They are openly hostile to fossil fuels….so, again, if I am an exec or in the boardroom the last thing I’m doing is allocating capital to any new E+P.
Pretty straightforward.
2nd angle. Man those things can fly.
For a short distance that is.
https://www.reddit.com/r/PublicFreakout/comments/tiq720/brand_new_150k_tesla_launched_50ft_into_the_air/?utm_source=share&utm_medium=web2x&context=3
https://www.timesofisrael.com/not-a-good-sign-antarctica-arctic-simultaneously-70-and-50-degrees-above-normal/
Leftwing-
Windfall profit tax is a dumb idea. Unlikely to happen.
But no matter what you think about govt policy re oil production, there is simply no way the US can significantly increase domestic oil production in the short run.
US drilling crashed when oil demand crashed during the pandemic.
Due to the nature of production decline in fracked wells, increasing production requires new wells, and drilling new wells takes time.
Open all federal land to drilling. Shower the industry with tax bennies. Outlaw EVs, windmills and solar… do whatever you want.
It will still be close to a year before we see a drop of that new oil.
So, unless the Saudis and OPEC step up, (or there is a quick resolution in Ukraine) get used to high gas prices for a while.
“…there is simply no way the US can significantly increase domestic oil production in the short run.”
We’re agreeing…..if the oil cos could just flip a switch and have product flow tomorrow at low marginal cost of course they would, who wouldn’t take advantage of a 100% increase in the price of what you are selling…
Because even getting something new out of the ground requires time and incremental capital, and the returns for that investment is over many years, again one would have to be crazy to make any appreciable investment into domestic production with the current political environment.
As you likely know though there are proven reservoirs where new drilling can be done and pumping in months…people I speak with who trade/CL say many of these projects aren’t being brought on line because of the scarcity of ancillary resources and contractors, and for anything outside of that time frame the political uncertainty (or rather, the certainty that as soon as the government can they will yank the rug out).
Well,
You may not be able to produce oil.
But the thieves that tax it could take a break for a while to help ease the pain for ordinary Americans.
https://www.dailymail.co.uk/news/article-10633297/Bloomberg-op-ed-says-eating-lentils-letting-pets-die-cancer-beat-inflation.html
Thanks Tucker,
The voice of reason.
https://youtu.be/YSxnyA_8RI0
Lentils !! The family bean.
We had a huuuuuuge lentil processing plant
on the Black Sea that the Nazi’s took when
They invaded Prussia. So there’s that.
Petty Thieves Plague San Francisco. ‘These Last Two Years Have Been Insane.’
Small-business owners have been hit particularly hard by additional security and repair costs
https://www.wsj.com/articles/crime-san-francisco-petty-thieves-small-businesses-11647797642?reflink=share_mobilewebshare
Pumps,
Cost of doing business. Just raise the prices. Or lose profit.
Beans are good for your colon.
That Tesla video is epic.
A friend of mine tried that in his Plymouth Horizon hatchback sometime around ’89. Pretty sure everyone that grew up watching Dukes of Hazzard wanted to do it. Was in the back seat, cracked my head on the roof going up, somehow ended up laying down in the footwell when we landed. So stupid, at least we didn’t have cameras back then. Though we probably got 3 inches of air, not sure that car could even do the speed limit.
Grim if you search you can find the aftermath. Amazing how some can afford to destroy 150k toys.
This is funny as well. Ahh, not really.
https://youtu.be/SAsExSNfNXQ
But no matter what you think about govt policy re oil production, there is simply no way the US can significantly increase domestic oil production in the short run.
However, they can affect the production in the long run, and the past 12 months of policy and rhetoric have set us back at least a year in solving that problem. Given that Biden has 3 more years in office, likely is going to set us back a good 4 years at minimum. They might never bite the bullet knowing that every 4 to 8 years, you are likely to run into hostile administrations with respect to your business.
And the reality is, this has nothing to do with the environment. The only reason they do this is because they want to invest in “green energy” themselves at IPO and shift massive subsidies their way so they can cash out at 100x their initial investment.
If America loses dominance in this arena things will become even more entertaining.
Saudi Arabia is in active talks with Beijing to price some of its oil sales to China in yuan, people familiar with the matter said, a move that would dent the U.S. dollar’s dominance of the global petroleum market and mark another shift by the world’s top crude exporter toward Asia.
Grim,
The old railroad tracks (before they regraded them) on Linsley Ave in Little Falls used to destroy your car. I used to work at Willowbrook and would drive between Montclair State and there daily. I determined that if you hit that grade crossing at about 40 miles per hour going up the hill, your car would literally pop up on the suspension and would basically float over the terrible bumps before landing smoothly on the downslope. Though, I’m certain you didn’t leave the ground, it definitely made your stomach drop and would scare the crap out of your unsuspecting passenger(s) as you can’t see the road ahead. Shame they fixed it.
https://goo.gl/maps/UsLs4Jhe7Z1YNReZ6
“However, they can affect the production in the long run, and the past 12 months of policy and rhetoric have set us back at least a year in solving that problem.”
At least a year. Uh-huh.
Which policies are discouraging oil production?
Interesting article from Bloomberg (from last June):
https://www.bloomberg.com/news/articles/2021-06-17/after-blowing-300-billion-u-s-shale-is-finally-making-money
In a nutshell, US oil drillers have lost a lot of money in the past decade, so companies and investors have been reluctant to invest in new capacity.
No mention of Biden policies or “rhetoric” affecting oil investments.
Which policies are discouraging oil production?
Cancelling a major pipeline project on day 1. A clear message was sent…no new investments. Moreover, the rhetoric and future planned actions has reinforce that. Campaigning on banning fracking. Nominating a comptroller of the currency that literally stated she hoped the oil industry would go bankrupt.
And yet, none of the oil analysts or companies in that Bloomberg article mentioned any of those things.
Strange.
I don’t have access to the article, so I can’t comment. But I’m sure I could post articles to confirm my world view as well, but then I’d be like Pumpkin. The ideas that shale producers are reluctant about investment from past losses and Biden is hostile to oil production are not mutually exclusive.
You must be talking about Obama tapping the phones in trump tower and organizing an Intel operation to destroy his administration? That’s the most outrageous abuse of presidential power in any of our lifetimes.
“If you are really bothered by presidents abusing their pardon power, there is another guy much more worthy of your outrage.”
Nothing strange about it. Bloomberg media pushes “green” biased stories nonstop and has done so for years. They even have built a business unit around it, and their boss is outspoken about the topic. Bloomberg exposing green stupidity would be like the NY Times doing an expose on leftist journalist stupidity.
As if there weren’t already enough Dem stooge comments to sift through, OC1 pops up and spends his Sunday afternoon defending SlowJoe. Given the catastrophic performance of the Biden admin, literally careening from one disaster to the next, you’d think that any sane Dem, if there are any left, would simply lay low and keep his fingers crossed that things improve. But this guy actually goes out of his way to defend and excuse both the industrial scale corruption of the Biden family, led by none other than the “big guy” himself, as well as the devastating and historic Bidenflation that we’re experiencing. And make no mistake, Joe lit the match on inflation when his very first policy actions were the curtailing domestic energy production, thereby ceding pricing power back to OPEC+.
Tapping phones?
Everyone is using Pegasus now. Even your local po po.
Don’t want anyone to know what you are saying go back to smoke signals or however the Taliban communicated.
You think the Russians haven’t been compromised with that?
Well, something to put a beat in your step this morning:
https://youtu.be/26-VzfBZg1w?t=16
And make no mistake, Joe lit the match on inflation when his very first policy actions were the curtailing domestic energy production, thereby ceding pricing power back to OPEC+.
Sort of like running back a fumble only to discover that you ran it into your own end zone. Saudi Arabia probably kept asking themselves what’s the catch while laughing as the price rose. What a feeling… to be on the losing side of a rout. To be down by 5 touchdowns at the end of the 1st quarter wondering how it could get so bad so quickly. The left has no wins, no direction, no agenda, no voice, no respect, no command, no matter, no character and no point. They’re irrelevant, pointless and trivial. They’re akin to a charred body; identified by DNA markings but otherwise, just an empty husk.
Eddie
You like Tucker Carlson?
‘I don’t have access to the article, so I can’t comment.”
Try this version:
https://www.arkansasonline.com/news/2021/jun/18/fracking-finally-profitable-thanks-to-supply/
“You must be talking about Obama tapping the phones in trump tower”
Using Pegasus Software.
It’s good stuff. Too bad I couldn’t get a copy. Would have helped in my divorce.
You can’t beat zero click software.
Just think, you get a copy, and tune into wall street guys.
Every trade you make will be guaranteed profit!!
Thanks, I’ll check it out later. My opinion is that Oil going to $100 is not Biden’s fault. It’s just a convenient narrative. It was likely to happen anyway after a decade of underinvestment. My take will however be, if it goes to $200, it will be his fault.
The legacy of the Orange clown is that the cult will still promote the lies that their own idiot prez retracted. Obama Wire-tapping? Hah, even Dumpy stepped back from the bs. Proven false. What will never be false is that your prez conducted the one of the most racist campaigns in this country’s sad racist past with birther movement..and you still voted for him. The Rs have no shame and welcome the clan as desperate for votes. Pathetic.
For those of you with room to spare: Provide some shelter to a Ukranian.
https://www.ukrainetakeshelter.com/
Bystander.
You are wasting your time. I’ve given up on them. You are not going to speak sense into anyone whose only perceived negative implication of January 6th is that one of the insurrectionists was shot who they believe was security overstepping their responsibilities.
Again, you are wasting your time. Let them play in nursery by themselves.
Lib, it’s an echo chamber there.
It’s looking like my little one is NorCal bound.
I actually think that will be a huge advantage long term. We shall see.
Last I heard US was not doing anything to take in Ukrainian refugees. The number I heard was in the low hundreds at this point. Remember, US doesn’t see war as a valid reason for asylum.
Hell, I’d sponsor my buddy Alex on an H1B to come here to work on vacuum distillation – which is his specialty. There are very few people in the US that have any practical expertise utilizing vacuum distillation for beverage use.
November 8th.
Tick… tick… tick… tick…
Remember, US doesn’t see war as a valid reason for asylum.
Unless you vote democrat; then scores are welcome.
Speaking of vacuum.
Brother says that vacuum tube prices have skyrocketed, incredibly short supply. Sovtek out of Russia was a huge supplier. I mean, nothing like vintage US new old stock. Get your shred on now.
Amplifier companies all over scrambling. Chinese tubes aren’t nearly as good. Some stuff coming out of Czech and Slovakia.
For those wondering. The US equipment used to make vacuum tubes was all mothballed and shipped overseas after the shift to transistors. Originally, Eastern Europe bought this gear to be able to keep old equipment in service. Little did they know it would morph into supporting the world’s music (and audio) industries.
Grim,
My niece is a chemical engineer. She could probably help you with that.
Or how to synthesize clear chrystal meth from methlamine.
I’m sure they have some tankers of that cruising through Clifton :)
Grim,
Let’s do it. Open up an old RCA factory and make some vintage tubes.
We can get some Ukranian refugees to come work there.
https://youtu.be/FUMIPvBi8Sk?t=36
Okay, I know the wire tapping phrase is a trigger. If you prefer electronic monitoring I’m ok with that.
Ask manafort or flynn. They were both prosecuted with evidence obtained by spying. The whole crossfire Hurricane presence was a DNC inspired ruse and entrapment.
But you can argue semantics if you like. Bama gave his blessing.
The best tubes used thorium in their tungsten filaments, which gave superior performance and long life. But you know, radioactive. Not sure what osha would say these days.
Let them play in nursery by themselves…
https://www.youtube.com/watch?v=1u6pIxbS5dc
BRT/OC1/NoOne
Yes, on the oil….can’t take supply or price in vacuum, obviously always related especially for commodities.
Re: Bloomberg, the non-financial news part is very left leaning and has been for a while. OC1, c’mon….the execs didn’t publicly state that government was part of the problem? Seriously? What do you expect them to say? They take you and your peers, put you in a room, and pull you out one by one blindfolded with gunshots in the background. Are you going to be the idiot that stands up and starts insulting the guard?
BRT, to your list of hostilities by the current Admin toward big oil add a Fed appointee who openly stated ‘green’ now needed to be part of the Fed’s mandate and indicated getting there would entail actively limiting liquidity to oil cos….
Yeah, I’m an oil exec and all other things being equal those actions are going to have me drilling MORE….suuurrre…..smh
Then we can put it up on Shark Tank.
They will give us 500 dollars for 99 percent of the company.
grim says:
March 21, 2022 at 9:40 am
“Last I heard US was not doing anything to take in Ukrainian refugees…”
Having said that, with the southern border essentially open, any Ukrainian who can get a flight to Mexico City, can get into the US. I have no idea how many people that represents, but it’s indicative of the incompetence of this admin; rather than establishing an orderly Ukraine refugee program, they lazily prefer to allow the southern border to be used as a backdoor for literally anyone that can make their way to Mexico. As we know, once let into the country, this admin makes almost no effort to see that asylum-seekers show up to their hearings.
https://www.cbsnews.com/news/ukraine-asylum-us-mexico-border/
Eddie,
Just think, she is a lawyer.
No wonder Tulsi mopped the floor with her.
But then this freak started a lie:
https://youtu.be/26-VzfBZg1w?t=44
“Let them play in nursery by themselves…”
Ahhh, a new spring Monday morning.
Bright sun. Blue skies. The fragrance of new blooms.
The unbridled condescension of arrogant liberals clinging to the failed narratives of their trash heap of history beliefs.
How’s CA these days Ex? Gas at seven bucks by you yet? What did the homeless population hit last week?
Phoenix,
And after watchin that video, I believe I now have an associates degree in gender studies.
Bystander says:
March 21, 2022 at 9:18 am
“The legacy of the Orange clown…”
Moe ^^^^
Libturd says:
March 21, 2022 at 9:31 am
“Bystander. You are wasting your time… You are not going to speak sense…”
Larry ^^^^
Ex says:
March 21, 2022 at 9:38 am
“Lib, it’s an echo chamber there.”
Curly ^^^^
Like clockwork, here come the stooges. And Ex/Curly talks about an echo chamber. The lack of self-awareness…
Phoenix
I could see that being played in clubs.
Curly was the GOAT
“November 8th.
Tick… tick… tick… tick…”
Can’t wait. The R team will have full control and will send our country back to the dark ages. You thought the Post Office was a mess? I expect the entire government to operate like a steaming turd.
Will be fun to assign full blame.
And I’m definitely more Curly than Larry or Moe.
I expect the entire government to operate like a steaming turd.
As opposed to what you have now?
Order your free (yeah right), second set of antigen tests.
https://special.usps.com/testkits
Omnicron vs. Deltacron is now showing.
Now is just a turd, mostly caused by macro events and the lack of action. Trump will try to ride his turd off into the sunset. That is, if his turd can support him.
I can’t wait to hear how AMAZING the economy is. And new peace accords between friendly countries. I wonder if he’ll do another hand-on-the-bible appearance, though he has never belonged to a church in his life.
Eat it up fools.
Can someone explain why gas was $40/barrel before Trump got elected and reached nearly $80 by Oct 2018. His crazy policies must have led to lack of production by oil companies. He was nearly two years in office.
Right,you got it so figured out. With the Russia hoax, the covid fear mongering and the Ukraine escalation. We really need a lot more knee jerk people who gave it all figured out influencing public opinion. They are on the right side every time.
The people who say are country has its own problems and is being led down the road to cradtrophe by globalists agenda are fools.
I wonder how difficult it would be to make a three stooges jokes and include… hmmm, this is going to be tough… Fast Eddie, GOAT and SmallGov. Never mind, I can’t figure it out.
leftwing/BRT,
I’m with you completely that businesses would be hesitant to increase major capital projects with what they think is an unfavorable political climate. But I don’t understand why they would do so in what they think is a very favorable political climate, given that as you said these are capital intensive projects with long lead times, and in just 2-3 short years a new administration or congress could be in power and change everything.
At any given point in time, it would seem to me that current energy market conditions stem from cumulative actions taken or not taken over many many years… and current events either help or hurt to a lesser extent.
Lib, love ya brother, but can you tell me when maybe – just maybe – when the laundry list of failures of this entirely Democrat controlled government is noted the response will be something other than “but TRRRRUUUUMMMP!!!”.
Does it happen before 2024, ie ever?
ByS, 10:48a…
deep analysis there, right up with measuring market returns from Nov-Nov….which certification did you need to sit through for this level of enlightenment?
I am offering the same level of analysis that you gave for blaming Biden ie his policy caused lack of investment and led to high prices today. Glad see you back on crazy train left. You were restrained for awhile.
Can someone explain why gas was $40/barrel before Trump got elected and reached nearly $80 by Oct 2018.
Demand. The economy was solid. And then it dropped into the $50 to $60 range and dipped below $50 before covid hit which ultimately killed demand and oil was then cheap as shit. You paid $2.25 per gallon for gas the day Trump left office; you’re now paying $4.25 per gallon. Enjoy!
No matter how much you guys try, nothing will mask the failures of the current administration and the nonsense the democrats have been peddling for the past 60 years. Any success the left has reached is by pandering to vulnerable groups seeking love and attention in exchange for votes.
“At any given point in time, it would seem to me that current energy market conditions stem from cumulative actions taken or not taken over many many years… and current events either help or hurt to a lesser extent.”
Agree. Businesses like stability. Need it actually, to commit new capital to major projects. Otherwise just turn off business investment, run a cash flow machine, and use the proceeds for M&A, dividends, or share buybacks.
Point is, I think, the variability coming from the political sphere historically was relatively small and manageable when budgeting future years, even with large swings in power (R Congress + Pres to all D, and vice versa). Not anymore.
Recently this variability is off the charts and just flat out can’t be modelled going forward. That’s a major issue. How do you model financials and analyze returns for new investment when half the government is openly calling for your primary business lines to be shut down? And when those words are backed with shutting a pipeline with flourish on the very first day, a 50% windfall tax, and regulatory appointees committed to raising your costs of capital?
Leftwing,
There’s one big one which Trump’s all of Trump’s so-called accomplishments. We are out of Afghanistan.
So what was Trump’s big accomplishment? January 6th?
The real stupidity here is the constant attributing of macro events, that have or had absolutely nothing to do with the president or the administration.
Let me play the right wing game.
Trump is responsible for Covid. He funded the Wuhan lab!
Here’s another. Trump’s overly friendly attitude with Putin gave him the green light to invade the Ukraine.
Shall I go on?
MAGA will be back and bigger than ever. The globalists and lobbyists and deep state have doubled down. Corrupt old Joe is their vehicle. You can see why they were so desperate to destroy him.
So it was good to pay double the price under Trump with no wage gains. Funny, I also posted article that Trump begged OPEC to produce more Ed. Why worry about gas price if economy was so great. Good to see expert unbias analysis.
“Demand. The economy was solid. And then it dropped into the $50 to $60 range and dipped below $50 before covid hit which ultimately killed demand and oil was then cheap as shit. You paid $2.25 per gallon for gas the day Trump left office; you’re now paying $4.25 per gallon. Enjoy!”
So the economy is rolling rolling rolling under Biden? Demand is so friggin great. Lowest unemployment in history. Still highest stock market in history. More black people working than ever. Shall I go on?
Do you guys realize how silly you all sound? And the US alone does not impact oil prices.
Shall we talk about the billions wasted on the Wall that Mexico DIDN’T pay for.
You can go on for days and days and days days.
They all suck. But if you want to make believe wokism is responsible for fuel prices. Go ahead. Like I said before. No one is changing anyone’s minds and it’s all lies anyhow.
“The real stupidity here is the constant attributing of macro events, that have or had absolutely nothing to do with the president or the administration.”
Agree, which is why I point out the fallacy of that ‘analysis’ regularly.
But objectively this Administration without regard to any exogenous factors is a major fucking dumpster fire….
And I’ll be gentlemanly and not note that the second part of your response to my question of whether the shortcomings of this Admin will ever be addressed by anything other than a shrill shriek of “But Trump!’ was, in fact, “But Trummmppp!”
:)
Want to know what is not a Macro event. Lowering the interest rate during the greatest economy ever.
Go ahead. Defend Trump. This country will absolutely be destroyed under him. Biden sucks. We knew he would. But he is not killing the country. Just the same old patronage and payback to contributors. Same as it always was. Remember. He’s not begging the FED to cut interest rates.
left,
There is your TDS victim at 11;52. Keep telling us we are ones obsessed. We just know the truth about the sick cult that exists . I don’t see anyone here screaming for Hilary again. Dumpy is worse.
“I am offering the same level of analysis that you gave for blaming Biden ie his policy caused lack of investment and led to high prices today. Glad see you back on crazy train left. You were restrained for awhile.”
Mmmmmm…pretty sure my argument is that his policies (and those of the green left prior to his election) dis-incentivized investment into the sector and new E+P.
But of course restricting supply in the face of static or rising demand will have predictable outcomes.
This country will absolutely be destroyed under him.
Trump is not president. I understand you guys are angry. Like I said, end of the 1st quarter and the score is 35 – 0. You expected something close, not a total rout and it hurts even more because of the list of achievements the previous administration reached, proving liberal ideology is and will always be fairy dust and unicorns. And isn’t it quaint that we can now apply lip gloss before we go into battle?
I read the article. It wasn’t biased. But it really didn’t say much of anything as far as the current situation goes. And it was 9 months ago. Decent article on the state of shale producers, which I’ve taken a position in because they become very profitable at +$100 oil. Given that Canada is likely going to try to replace Russian oil, I think it’s a good play. But either way, I wouldn’t say that article even addresses domestic policy.
“Do you guys realize how silly you all sound? And the US alone does not impact oil prices.”
The marginal barrel produced certainly does matter for price setting.
“Go ahead. Defend Trump.”
That is my entire point…I don’t. But you guys just can’t focus on anything else. Bring up a current event about this Administration and there is a wall of people screaming ‘Trump’. He left office over a year ago. Your guy is in the seat.
“Keep telling us we are ones obsessed. We just know the truth about the sick cult that exists . I don’t see anyone here screaming for Hilary again. Dumpy is worse.”
LOLOLOL. JFC….well there’s a cohesive thought that by no means proves my point….
And, yes, no one (on the right) here raises Hillary. Because we are not psychotically obsessed with a prior Administration, as are you guys.
And, yes, no one (on the right) here raises Hillary. Because we are not psychotically obsessed with a prior Administration, as are you guys.”
You truly belong in Lib’s nursery with that statement. Not obsessed with Clintons..now I have heard it all. There is no delusion like self delusion..the orig HRCDS
Libturd says:
March 21, 2022 at 11:50 am
“The real stupidity here is the constant attributing of macro events, that have or had absolutely nothing to do with the president or the administration.”
Actually, the real stupidity is defending and excusing the disastrous Biden admin. The fact is, governance and policy matter! Just as it was good governance and good policy by the Rudy/Bloomy admins that stamped out crime and led to NYC’s golden age, so it was bad governance and bad policy by Dem DeBlasio that has led to the skyrocketing crime rates NYC is now seeing. In the same way, and just as much NOT a coincidence, it was T’s governance that led to a secure southern border, a well-behaved Russia, and peace deals in the middle east (to name a few accomplishments), while SlowJoe’s governance and policies have given us a wide open border, war in Europe, and soon, a well-funded and re-armed Iran. The Dem ‘macro’ apologists might not want to admit it, but that’s the truth! The dopes that voted for Joe and his useless sidekick Carmella are going to be apologizing for them for the next three years.
Trump’s cries of “drill baby drill!” while releasing more drilling leases didn’t lead to increasing US oil production in the face of a pandemic fueled crash in demand/prices.
And neither Biden’s extremely mild anti-fracking rhetoric, nor his nomination of someone to a commitee (the Fed) who is perceived to not be a cheerleader for the oil industry didn’t lead to lower oil production in the face of increasing demand/prices.
Production follows oil prices.
New wells take time to come online, so there is a lag.
Fracked wells are are capital intensive, so interest rates matter a lot- lower is better. (All you guys who have been screaming for the fed to raise rates should remember that).
US oil industry investments have been a big loser for the last decade (see the Bloomberg link I posted earlier) so investors have been reluctant to invest in increased capacity.
People in the oil industry are not idiots. They know that political rhetoric is just talk. And they have an army of lobbyists that will kill any unfavorable legislation that does get proposed.
As long as you do not define “Recently” as only the last few years, I agree completely. I’m saying I think the increased variability has been out there longer.
leftwing says:
March 21, 2022 at 11:46 am
Leftwing,
I’ll be charitable and say you are just misremembering… after the track wreck that was Bush, no one would shut up about him when others criticized Obama. Same as people would bring Obama AND Hillary Clinton when others criticized Trump.
The facile concept of blaming previous politicians in an erroneous attempt to defend a current one has been going on forever… this place is not immune.
Ex, lib, Old et all sane folks,
Klepper lays it bare. Just remember this is the mentality and logic of the cult. There is nothing more to be said. Free yourself when you believe rational thought can win here. Get a good laugh to boot. It should be a horror movie really.
https://www.youtube.com/watch?v=7OeeHz0uNdM
“good governance and good policy by the Rudy/Bloomy admins that stamped out crime and led to NYC’s golden age,”
For white people.
And the white people are gonna get a 4 year parade coming up in 2024. I’m bleaching my holy sheets while I type this.
Yeah. Go on. Tell me about Trump’s “token” gestures.
Rudy and Bloomy had great economies. The only real determinant on crime. Rudy has proven himself. I wouldn’t hire that guy to defend a speeding ticket. Bloomy, well, we all saw how out-of-touch that rich asshole has become.
Rah, rah, shish boom bah.
I wish trump wasn’t relevant. He and maga were always a response to the political climate. If the government was acting in the interest of the country he would have no appeal. They are opening the door for him again. Collapse the world economy and risk nuclear war so we can prop up crony democracy in Ukraine while we have an open border? Are you kidding?
Grim,
As to the markets and timing. The tea leaves are making a weak suggestion to scale in a little here.
The macro story (the one hard to remove my bias from admittedly) screams still massive headwinds:
The big ONE being inflation. We were behind the eight-ball to start (Trump’s accomplishment in lowering interest rates to zero) and Powell’s dinky move in March, with no option to touch rates until May. This reveals that he talks loudly but carries a very limp stick. We learned this about him when he kowtowed to Trump.
The big TWO is Ukraine. What comes next for Putin? What is West’s response?
Then there is all of the other headwinds:
3) housing does indeed appear to be slowing
4) Fed Asset Purchasing ending
5) Supply chain and hiring issues showing no signs of slowing
6) Potential for world to laugh at America during mid-terms (expect the stupid lefties to start burning buildings again
7) Another round of Covid coming, just in time for the Summer.
8) Tax season and everyone realizing that those child tax credits were not stimulus and must be paid back.
9) A huge amount of taxes are gonna be owned on stock gains that were taken at the end of last year.
So it’s a really, really tough call. Without the headwinds, I’m definitely putting at least a third of my long-time buy & hold dollars in here.
Joyce, myself I would not peg a specific date to ‘recently’ either but it has certainly ramped in the last few years. Best analogy may be to the cigarette producers…on the ‘prior Admin’ point, yeah, you’re right…I distinctly remember on here typing the same thing in Obama’s first term…seems people (including Obama himself) couldn’t stop talking about Bush until over two years into his first term….
One for Joyce.
And Pumps says consumption has increased due to work from home?
https://patch.com/new-jersey/montclair/s/i6fgu/nj-cop-headed-to-work-caused-fatal-crash-prosecutor
For what it’s worth. I would take the tight-rope walking Obama over either of the last two selfish pricks in a minute.
“And neither Biden’s extremely mild anti-fracking rhetoric, nor his nomination of someone to a commitee (the Fed) who is perceived to not be a cheerleader for the oil industry didn’t lead to lower oil production in the face of increasing demand/prices.”
Pretty biased and factually incorrect statements…’not a cheerleader’, ‘mild rhetoric’
“Production follows oil prices.”
Future price assumptions are one input. Don’t know your background but if you’re not aware that every ROI hurdle and NPV discount rate for a project took a leg up pointless to continue this conversation.
Regarding Putin and why invade Ukraine while Biden is in office instead of Trump, NATO. Trump wanted exactly what Putin wants, an end to NATO. The reasons for wanting an end to NATO may be different, but this is what they both want.
Old,
Well if both hated NATO, then the invasion should have occurred under Trump’s watch, as he would have been less likely to call on NATO to help the Ukraine.
Am I reading this wrong?
Quite frankly, I think the high oil prices were the time determinant. Not who was in the White House. Then again, I do not look at every single thing as being the president’s fault like so many here do.
Lib at 11:55 — “…economy is rolling rolling rolling under Biden Demand is so friggin great. Lowest unemployment in history. Still highest stock market in history…”
Lib at 1:11 — “Rudy and Bloomy had great economies. The only real determinant on crime.”
Proof that being a Dem means constantly twisting yourself into a pretzel. It’s got to be hard to remember which excuse you used 90 minutes ago — given that you probably used a half dozen between then and now. I’ll give you a mulligan, Lib, since excuse-making must be really tiring. But given that you think the economy is rolling, and given that you think a good economy is the only factor on crime, why exactly is crime skyrocketing?
People in the oil industry are not idiots. They know that political rhetoric is just talk.
Keystone XL was not just talk. Obama shut it down. Biden did as well.
I’m not going to play your silly games.
How’s that wall working out? Deflect, deflect, deflect.
Lib,
If you are Putin and you want NATO to go away, you love Trump. Trump wanted NATO gone. Why screw up things for Trump by starting a war? Trump leaves and there is talk of Ukraine being part of NATO. Time to invade.
“Trump leaves and there is talk of Ukraine being part of NATO. Time to invade.”
Love the passive third person voice…’there is talk’…like these things just magically somehow happen.
Ukraine is/was never going to be part of NATO. So why did that idea propagate? Why would someone, anyone in the Admin not just stamp it out?
You are correct. It was a trigger for Putin. So what was our expert globalist President who was going to restore respect and honor to America internationally doing?
Was he even fucking awake?
The left:
Left in the dust
Left out
Left standing
Left for dead
Left hanging
Left out in the cold
It seems this group already accepted their misery and self-loathing from the very beginning.
The word Talk was chosen because there was no specific policy put forward by the administration to have Ukraine to be part of NATO. If anything Putin’s action may have been in reaction to Ukraine wanting to be part of NATO. Trump leaving office gave Putin’s fear a basis in reality.
When blinken when over in November and signed the “U.S.-Ukraine Charter on Strategic Partnership” it was a roadmap for de facto NATO membership. The Russian military buildup started right after his visit.
“Pretty biased and factually incorrect statements…’not a cheerleader’, ‘mild rhetoric’”
????
I am the only one in this conversation who has presented ANY facts re the reality of US oil production- my Bloomberg link (which you discredited out of hand).
The responses I’ve gotten have all been rather touchy-feely (“Biden gives the oil industry bad vibes”) and unsupported opinions.
NATO is now the strongest it’s ever been.
Whoops.
Every day that goes by, the likelihood of Russia losing increases. A neutral Ukraine is a pipe dream at this point.
It goes back further than the latest U.S.-Ukraine Charter on Strategic Partnership, the original was done by BUSH In 2008. Both documents mention NATO, that was Putin’s red line. The west has been expanding NATO and ignoring Russia’s warnings the entire time. Is it an excuse? NO but A simple assurance that they would not be joining NATO and maybe this war would not have happened now. Then there is the personal animosity between the comedian and the megalomaniac, after all the plan was take out Zelensky and install a puppet government, not a protracted war.
https://2001-2009.state.gov/p/eur/rls/or/113366.htm
“Keystone XL was not just talk. Obama shut it down. Biden did as well.”
You know that Keystone XLs main purpose was to transport oil from the Canadian tar sands to US refineries, right? (It would’ve also transported some US produced oil).
Not a big factor for US oil production.
“If anything Putin’s action may have been in reaction to Ukraine wanting to be part of NATO. Trump leaving office gave Putin’s fear a basis in reality.”
My point exactly….leading to….
“…but A simple assurance that they would not be joining NATO and maybe this war would not have happened…”
Yes. All that was needed was an assurance of no NATO, no US first intervention, but a bright red line with US armaments if Russia made a first intervention. Problem is our international relations genius CIC has no credibility in either assurances and most certainly not in red lines…..
Damn.
Mother in law asked me to sell her old car private party. She bought a new car and the dealer told her to sell it herself. She wasn’t comfortable, so she asked me.
Posted it on FB this afternoon. Sold it in 5 minutes. In the next 30 minutes I think I had about 25 potential buyers ping me and ask to be backup.
The stories some on these people are telling is crazy, the used car market sounds brutal.
OC1…you have me confused with someone else, I didn’t comment on your Bloomberg article….
My sole comment was prices are but one input driving production. If you need a link to ‘prove’ that I can’t help you.
Regarding your question marks if you consider the left’s actions so far ‘mild rhetoric’, Raskin’s opinions and views as ‘not being a cheerleader’, the idea of any cheerleader on the Fed as being acceptable, and the Fed just a ‘committee’ I would argue you are the one not based in reality.
Here’s the deal on oil:
Short term, there’s a volatility, so it’s correct to say that presidents and 4 year policy doesn’t directly determine the price of oil. Nobody can do that. In the short term, weak or strong demand is typically the strongest factor, with strong economies boosting prices, and weak economies hurting prices. Because demand generally swings faster than supply.
All Western governments over the past 16 years have been been generally “anti oil consumption” in terms of long-term policymaking. Obama and Biden agencies have put forth lots of anti-internal combustion engine policies, from mandating tighter fuel efficiency, targeting more EVs, and start putting even more stringent long term plans out there. Europeans are even more stringent generally. Trump was trying to encourage oil production but you all are right, oil execs could see that Trump’s policies probably weren’t going to last long before they got reversed, and they have been.
Meantime, governments (who tend to control big savings assets) have also put a lot of pressure via the ESG movement. The ESG movement was designed to create high paying management jobs in finance for people who have no investment skill but went to prestigious schools and thus are ready to impose left-wing agendas on companies, so they can get paid for “making the world a better place” even though they don’t. But what the ESG movement has done is harassed and harangued companies into lowering their CO2 numbers, and lots of companies have pledged to comply with some imaginary agenda for global warming 20 or 30 years out implying changes to their business models, all of which generally means trying to phase out fossil fuels. And some of these are fossil fuel companies. Otherwise the CEOs won’t get invited to hang out in Davos. So lots of companies are phasing out fossil fuel stuff long term, but not that many companies have figured out serious energy production. They can import Chinese solar panels and windmills, or hope that the dream of nuclear fusion hits the big time quick.
My Conclusion – unless there’s some low cost energy breakthrough coming soon, get ready for energy greenflation. A higher cost of energy caused by green regulatory and ESG decisions. True greens want people poorer, and they wouldn’t mind if the human population shrank due to starvation and misery, or even war. Their dream come true was the COVID shutdown which for a couple of months drove down CO2 emissions more than ever before, and drove the oil price negative as companies that were big users of fuel had to cover their hedges that they no longer needed. These greens will attempt to create permanent emergency powers over the energy industry, citing “climate emergency”. I think only state-connected energy companies will be able to resist.
OC1,
So you don’t think the volume and cost of oil supplies reaching US refineries affects the cost of gas and diesel in the US? I don’t think anyone argued that the Keystone pipeline was about US oil production, but it is a symbol of regulatory action against oil supply.
Oil lobbyists are hardly all-powerful. But US politicians are going to learn that the average voter is more politically sensitive to the higher cost of energy than they are the purported “green” benefits of paying more for energy.
I, for one, look forward to cheap gas and flooring it past the parking lots masquerading as charging stations.
Grim,
Used cars are the most inflation impacted sector. Up 40% year over year. Anyone want to hazard a guess as the least impacted?
“These greens will attempt to create permanent emergency powers over the energy industry, citing “climate emergency.”
I forgot that one, people in the Admin pressuring for climate emergency powers…plus to your earlier point on green blackmail….
https://www.cnbc.com/2022/03/21/the-sec-wants-to-know-a-lot-more-about-what-companies-are-doing-about-climate-change.html
Wow medical care services up only 2.4%. Are they giving themselves credit for all those “free” vaccines, test kits, and masks they send out? I think prices there are going to pick up when people try catching up on their doctor visits. Long waitlists for colonoscopies these days, I hear.
I was concerned about inversion….. guess not for now….
Ten at 231.5 bps
You know that Keystone XLs main purpose was to transport oil from the Canadian tar sands to US refineries, right? (It would’ve also transported some US produced oil).
Not a big factor for US oil production.
Yes, and it’s still part of the supply. Oil is a global market. But yes, we need more domestic production as well.
College tuition is the least impacted. Up just a mere 2%.
I have a 2017 BWM automatic 8-speed turbo x-drive with 33K miles.
How much you giving me? ;)
Shit, I got $6k for a 2010 Corolla.
That’s got to be about $96k.
You are Curly Joe.
https://youtu.be/7uCpn37lgJY?t=62
Libturd says:
March 21, 2022 at 10:32 am
And I’m definitely more Curly than Larry or Moe.
A quick search looks like I can get more than what I paid for the car.
Hi OC1. Not sure if you are a newer poster or its just a new handle.
I can’t speak with the authority that most of you do relative to the geological and technological aspects of the energy industry. However, from the investment community, there has been a massive investor boycott of the fossil fuel industry since the last runup in 2014.
What happened with fracking is no different that any other technological innovation (dot-com bust; the chase for attention in Web 2.0). Entrepreneurs accessed capital and extremely inexpensive terms. Until the spigot on capital closed there was not going to be any self-imposed restriant.
That said, coming out of the middle part of last decade, the advent of Larry Fink, Blackrock, Vanguard, Fidelity, large University endowments and policy graft on the alternative energy side CERTAINLY fostered an atmosphere that was antithetical to the strategic security of Western Nations.
The only reason the US is in a prime position is that we have a more capitalist energy industry focused on profit versus the European corporates that are thoughtlessly placing their countries at risk due to their need to virtue signal…… and I am not making a political statement. Honestly, people can whine about the politics in this country, but we are not Europe. They have a monopoly on foolishness and condescension. Sucks to be them, but they dug their own grave.
OC1 says:
March 20, 2022 at 11:40 pm
“However, they can affect the production in the long run, and the past 12 months of policy and rhetoric have set us back at least a year in solving that problem.”
At least a year. Uh-huh.
Which policies are discouraging oil production?
Interesting article from Bloomberg (from last June):
https://www.bloomberg.com/news/articles/2021-06-17/after-blowing-300-billion-u-s-shale-is-finally-making-money
In a nutshell, US oil drillers have lost a lot of money in the past decade, so companies and investors have been reluctant to invest in new capacity.
No mention of Biden policies or “rhetoric” affecting oil investments.
Interesting post on SEC’s CO2 disclosure requirement from an Econ professor:
https://johnhcochrane.blogspot.com/2022/03/sec-takes-on-climate.html?spref=tw
Pretty sure that etherium dude kills kittens for fun.
Just saw…… this information is absolutely authoritative. It is well considered. I am not going to endorse his conclusion, although I do not necessarily disagree. It takes some rhetoric touches and is too cynical, but again, I don’t want to say he is wrong.
No One says:
March 21, 2022 at 3:29 pm
All Western governments over the past 16 years have been been generally “anti oil consumption” in terms of long-term policymaking. Obama and Biden agencies have put forth lots of anti-internal combustion engine policies, from mandating tighter fuel efficiency, targeting more EVs, and start putting even more stringent long term plans out there. Europeans are even more stringent generally. Trump was trying to encourage oil production but you all are right, oil execs could see that Trump’s policies probably weren’t going to last long before they got reversed, and they have been.
Meantime, governments (who tend to control big savings assets) have also put a lot of pressure via the ESG movement. The ESG movement was designed to create high paying management jobs in finance for people who have no investment skill but went to prestigious schools and thus are ready to impose left-wing agendas on companies, so they can get paid for “making the world a better place” even though they don’t. But what the ESG movement has done is harassed and harangued companies into lowering their CO2 numbers, and lots of companies have pledged to comply with some imaginary agenda for global warming 20 or 30 years out implying changes to their business models, all of which generally means trying to phase out fossil fuels. And some of these are fossil fuel companies. Otherwise the CEOs won’t get invited to hang out in Davos. So lots of companies are phasing out fossil fuel stuff long term, but not that many companies have figured out serious energy production. They can import Chinese solar panels and windmills, or hope that the dream of nuclear fusion hits the big time quick.
“Hi OC1. Not sure if you are a newer poster or its just a new handle.”
Hello, chi- new poster, long-time (very long-time) lurker, since the days of JJ, Hobo with a shotgun, REinvestor101…
OC1 – if you have been around that long in what year did Chi transition, and on what day did REinvestor101 die? JJ moved where?
Reminder – this is who Goat thinks is mentally stable, non-corrupt, and a truthful leader. Any reasonable person would listen to this and run from this ill dictator. He is talking to fellow Rs too. Sick
https://www.youtube.com/watch?v=AW_Bdf_jGaA
I don’t know. (I wasn’t taking notes).
“OC1 – if you have been around that long in what year did Chi transition, and on what day did REinvestor101 die? JJ moved where?”
Sounds like pledge book questions, are we a fraternity lol
I thought I would add a little levity. It’s been missing for a while now.
Bilova was always my favorite.
Juice: this is old, but your post made me think of it…..
Nihilistic Password Security Questions
What is the name of your least favorite child?
In what year did you abandon your dreams?
What is the maiden name of your father’s mistress?
At what age did your childhood pet run away?
What was the name of your favorite unpaid internship?
In what city did you first experience ennui?
What is your ex-wife’s newest last name?
What sports team do you fetishize to avoid meaningful discussion with others?
What is the name of your favorite canceled TV show?
What was the middle name of your first rebound?
On what street did you lose your childlike sense of wonder?
When did you stop trying?
My little car is 20 years old and runs like a Swiss watch.
Chi – I did not coin those Depeche Mode fans as fags, and besides what happened in the 1980s with you, your lipstick plus eyeliner is something you can laugh about as you hide those pictures from your family. They will never believe it anyway, like that was cool…and all hey here are my pictures look it was an awesome time we had look at us dance too wooohoo!
“Our expert globalist President, with 50 years service, many years leading the US in Foreign Policy, restoring respect and honor to America internationally!”
There fixed it. Putin backed into a corner and Russia sent economically back to the 50’s.
This is over by June.
I think I will just leave this here.
Hahaha.
https://bit.ly/3tvYpam
“You know that Keystone XLs main purpose was to transport oil from the Canadian tar sands to US refineries, right? ”
No the point of Keystone was to get it to the gulf to be exported. Keystone is thrown around as a solution to energy independence, but it isn’t. If you wanted to be serious about processing it, you would not be pushing for a pipeline, but to build new Refinery capacity on the Canadian border.
Just like Fracking, new investment would need a long term high oil price. That wont happen. So the companies wont invest. But the numbers on shoving this Highly Viscous crap at high pressure down a pipe to the gulf where some third world company can hide the pollution from the distillation seem to work.
” harangued companies into lowering their CO2 numbers, ”
Whats getting missed in the noise with the war and everything else.
THIS!
“30°C above normal in the Arctic today.
40°C above normal in the Antarctic today.
It would be unbelievable if it were not true.
And it is terrifying beyond words.
The war we have waged against the natural world has, in climatic terms, just gone nuclear.”
https://twitter.com/GeorgeMonbiot/status/1505645606970273794
Juice.
You need to walk back “what year did Chi transition” and “I did not coin those Depeche Mode fans as fags”
Not cool or appropriate. Its very easy to have a go at him on his DM infatuation, but that is not the way.
The kid probably got a suspension, but thank you for handing down justice to that POS.
https://twitter.com/BlackdiasporaV1/status/1505749521334091779
Juice “Where are the Federal indictments? SDNY”
Still waiting for them. While the SDNY is worrying, My calm thought is that DOJ asked them to step back to ensure that
A) otherside d0 not get discovery.
or more importantly
B) Donnie cant claim Double Jeopardy, when Feds have way more evidence than state!
Dis is mine: https://soundcloud.app.goo.gl/fPAbQgFuym7TU61d9