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Post by biminitwisted on Aug 12, 2024 16:25:55 GMT -5
The Dems have done everything in their power to hurt the oil industry Hurt it all the way to record production? Cult logic at it's very best.
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Post by illinoisfisherman on Aug 12, 2024 17:27:30 GMT -5
You haters are a f ing joke. The production levels are where they are despite Dems efforts to hurt the industry
It not where production levels are it’s where they could and should be
Typical leftist. Try to take credit for anything good and blame others for everything wrong
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Post by cadman on Aug 12, 2024 17:29:30 GMT -5
So you blame Bush for 9/11? Perhaps fracking technology happened to improve during his administration despite his anti drilling positions. This is for Cad not you Osprey. I agree that it did. I am not the guy trying to claim a President is responsible for gas prices. I was pointing out other factors are involved. Osprey, Illinois, and Kemper think Trump is the only reason for increased production and he lowered gas prices and they think he will lower them again if he is elected. They do not understand market conditions or the fact it is a world commodity. I even asked if they knew why gas prices hit a 12 year low in 2016. I even posted the answer a while back on this very forum and it had nothing to do with Obama, just like gas prices under Trump had nothing to do with him. Trump can release all the leases he wants, but if the price of oil drops below $40 a barrel or so, shale operators are not going to produce since there is no profit. Production did increase due to technology, but technology is expensive and those guys want a return on their investment. Nobody involved in the oil industry wants cheap oil, not OPEC, not domestic producers. We don't hurt our enemies with cheap oil, we hurt domestic suppliers. We benefit China with cheap oil since they are the second largest oil consuming nation.
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Post by walkerdog on Aug 12, 2024 21:14:11 GMT -5
Because inflation averages about 2.5% annually over time so $2.14 today might equal $2.20 or so in buying power 2 years from now. The information you cited did not appear to account for that in its analysis of cost. Maybe it does and I’m just wrong. If so, please share that citation where inflation is considered in their comparison. It’s really not a complicated question. Not sure what the cause for confusion is. $2.14 today will have less buying power in two years. Are you looking for what the price is compared to what it should be if it increased the same as inflation? That would be useless information. Edit: Since you haven't read this yet, please be sure you really want that comparison. I ask because inflation in 2017 to 2019 was around 1%, so Obama's administration would still be lower except comparing 2015 to 2017. Trump's admin was way higher than 2016 even if I adjust 2016 for inflation. The other problem with your request that you might want to think about is, if I adjust the June and July 2018 and 2019 prices for inflation to today, then the price of gas under Biden's administration would be cheaper right now then it was for the same period in those years, using your idea. if you want to play with numbers we can do that, but it won't give you the result you think it will. Useless information. Do you really want to go down that rabbit hole? It’s not a rabbit hole. I’m just asking how the inflation adjusted cost compares over the years cited. Like I said, it’s not a trick question and it’s not a hard question either.
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Post by PolarsStepdad on Aug 12, 2024 21:19:41 GMT -5
LOL You are so full of shit. So glad everyone here can see it! LOL at YOU! Can't fix stupid! Um record oil production has happened under Biden. We are producing more oil than we ever have.
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Post by PolarsStepdad on Aug 12, 2024 21:22:57 GMT -5
Obama's administrated expanded oil production by the fact it almost doubled while he was in office. Leases aren't worth shit unless they produce oil. Oil production is the game. Biden's administration is overseeing record production. Remember the MAGA's golden rule. if it happens while the guy is in office he gets credit or the blame for it. it is immaterial what happened before he took office. That is the Trump philosophy. So you blame Bush for 9/11? Do you blame Biden for the Afghan withdrawal? Of course you do.
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Post by illinoisfisherman on Aug 12, 2024 22:12:38 GMT -5
We needed to withdraw from Afghanistan but we needed to do it correctly
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Post by osprey11 on Aug 12, 2024 22:16:09 GMT -5
So you blame Bush for 9/11? Do you blame Biden for the Afghan withdrawal? Of course you do. Only a fool wouldn't. He made the bad decision of removing the military before the civilians. His decisions made it chaotic. As Obama said Joe could fuck anything up!
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Post by Tarponator on Aug 12, 2024 23:49:05 GMT -5
$2.14 today will have less buying power in two years. Are you looking for what the price is compared to what it should be if it increased the same as inflation? That would be useless information. Edit: Since you haven't read this yet, please be sure you really want that comparison. I ask because inflation in 2017 to 2019 was around 1%, so Obama's administration would still be lower except comparing 2015 to 2017. Trump's admin was way higher than 2016 even if I adjust 2016 for inflation. The other problem with your request that you might want to think about is, if I adjust the June and July 2018 and 2019 prices for inflation to today, then the price of gas under Biden's administration would be cheaper right now then it was for the same period in those years, using your idea. if you want to play with numbers we can do that, but it won't give you the result you think it will. Useless information. Do you really want to go down that rabbit hole? It’s not a rabbit hole. I’m just asking how the inflation adjusted cost compares over the years cited. Like I said, it’s not a trick question and it’s not a hard question either. If it's not hard then why didn't you do it yourself? That rhetorically asked, the price of gas has been virtually flat when adjusting for constant currency: Not sure what point you were trying to make, if any, but was that really what you were intending to show? Attachments:
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Post by Tarponator on Aug 12, 2024 23:57:04 GMT -5
Do you blame Biden for the Afghan withdrawal? Of course you do. Only a fool wouldn't. He made the bad decision of removing the military before the civilians. His decisions made it chaotic. As Obama said Joe could fuck anything up! Do you attribute any of that to Trump?
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Post by cadman on Aug 13, 2024 8:10:57 GMT -5
$2.14 today will have less buying power in two years. Are you looking for what the price is compared to what it should be if it increased the same as inflation? That would be useless information. Edit: Since you haven't read this yet, please be sure you really want that comparison. I ask because inflation in 2017 to 2019 was around 1%, so Obama's administration would still be lower except comparing 2015 to 2017. Trump's admin was way higher than 2016 even if I adjust 2016 for inflation. The other problem with your request that you might want to think about is, if I adjust the June and July 2018 and 2019 prices for inflation to today, then the price of gas under Biden's administration would be cheaper right now then it was for the same period in those years, using your idea. if you want to play with numbers we can do that, but it won't give you the result you think it will. Useless information. Do you really want to go down that rabbit hole? It’s not a rabbit hole. I’m just asking how the inflation adjusted cost compares over the years cited. Like I said, it’s not a trick question and it’s not a hard question either. i think i answered it, gas was still cheaper in 2016 than Trump's administration until 2020. it was cheaper in 2015 than in 2018 or 2019. Also, using the inflation adjusted cost, gas is now cheaper than it was for the same month in 2018 and 2019 .
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Post by illinoisfisherman on Aug 13, 2024 8:24:24 GMT -5
Yeah maybe BUT
Who is responsible for the massive inflation of the last 4 years?
Don’t even try to blame Trump
You leftists better come to terms with the fact that you have the most far left socialist ever in congress running for president and the Dem VP candidate is a flat out communist
Get your mind right and vote NO for communist Democrats
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Post by cadman on Aug 13, 2024 8:24:55 GMT -5
Obama's administrated expanded oil production by the fact it almost doubled while he was in office. Leases aren't worth shit unless they produce oil. Oil production is the game. Biden's administration is overseeing record production. Remember the MAGA's golden rule. if it happens while the guy is in office he gets credit or the blame for it. it is immaterial what happened before he took office. That is the Trump philosophy. So you blame Bush for 9/11? I blame Clinton and Bush. Bush was warned in the spring of 2001 that an attack was coming. The CIA knew activity indicated Bin Laden was planning an attack in the near future. Bush ignored the CIA's warning and a plan to get into Afgan territory and taking out Al Qaeda in spring of 2001.
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Post by cadman on Aug 13, 2024 8:51:22 GMT -5
Yeah maybe BUT Who is responsible for the massive inflation of the last 4 years? Don’t even try to blame Trump You leftists better come to terms with the fact that you have the most far left socialist ever in congress running for president and the Dem VP candidate is a flat out communist Get your mind right and vote NO for communist Democrats There were several factors that led to the inflation of 2021 and 2022. The inflation for the last year has been around 3% slightly higher than the long term average of 2.3%. Trump's administration passed the first Cares act in March of 2020 that put $500 billion in direct payments to consumers. This bill was the largest in American history at over $2 trillion. Then another $900 billion was signed by Trump in December of 2020. Then Biden comes along and signs the $1.9 trillion American Rescue Plan that put more money into the economy. In 2020 and part of 2021, due to Covid, Americans were unable to spend much of this money. Manufacturing was shut down. travel was limited, the economy was basically shut down. Many countries we import from was closed tighter than the U.S. was as far as manufacturing went. When the economy opened up in 2001, consumers went on a buying frenzy. Supplies were still in short supply and demand went through the roof. This sent prices skyrocketing to try a lower consumer demand. (free market supply and demand principle) From 2017 to 2019, retail sales increased $500 billion over that three year period. Pretty average increases that the supply market can handle in normal conditions. Retail sale jumped $1 trillion dollars in 2021 and another $500 billion in 2022. due to Covid restrictions, suppliers were unable to meet demand and prices went up. I know you won't believe the truth, but that is what caused the inflation problem we had .
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Post by illinoisfisherman on Aug 13, 2024 8:56:58 GMT -5
So your answer is to vote for two communists that the democrats have running now
THATS INSANE
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