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re: Offshore oil is booming and the shipping market is at an all-time high
Posted on 1/15/24 at 1:36 pm to ragincajun03
Posted on 1/15/24 at 1:36 pm to ragincajun03
This is why me and mine vote Democrat. Oil field booms - Carter, Clinton, Obama (2008), and Joe. Republicans are bad for oil and bad for business.
8
Posted on 1/15/24 at 1:40 pm to NIH
quote:
This is why me and mine vote Democrat
So y'all are dumb, basically?
Posted on 1/15/24 at 1:54 pm to NIH
I think in several cases of oil & gas industry downturns, a recession was a big cause.
Reagan was elected right when a significant recession was taking hold, which stifled fossil fuel demand in the United States. Another hard recession in 2008 started stifling industry demand into 2009. COVID shutdowns in Spring 2020 certainly devastated demand in the United States.
I'd say Barack Obama and Joe Biden have seen booms, as did Donald Trump (then-record production levels in 2019 and very early 2020) both due to each taken over at a time when industry was coming out of a recession for its sector and ramping back up. Their was a downturn for the U.S. O&G industry at home in 2015 due to the Saudis and others flooding the market to try to kill the U.S. shale boom.
Those three Presidents from a production level perspective have also benefited (as has the U.S. industry) from legislation passed during the Obama Administration that allowed for the exporting of unrefined crude oil.
Reagan was elected right when a significant recession was taking hold, which stifled fossil fuel demand in the United States. Another hard recession in 2008 started stifling industry demand into 2009. COVID shutdowns in Spring 2020 certainly devastated demand in the United States.
I'd say Barack Obama and Joe Biden have seen booms, as did Donald Trump (then-record production levels in 2019 and very early 2020) both due to each taken over at a time when industry was coming out of a recession for its sector and ramping back up. Their was a downturn for the U.S. O&G industry at home in 2015 due to the Saudis and others flooding the market to try to kill the U.S. shale boom.
Those three Presidents from a production level perspective have also benefited (as has the U.S. industry) from legislation passed during the Obama Administration that allowed for the exporting of unrefined crude oil.
Posted on 1/15/24 at 2:10 pm to NIH
quote:
Republicans are bad for oil and bad for business.
This idiot doesn't understand basic Economics and Finance. Glad me and mine vote Republican and cancel out your votes.
Posted on 1/15/24 at 2:40 pm to NIH
Imagine voting for that poc because oil and gas are supposedly doing good. And everything else is in the toilet. Kinda small minded thinking.
Posted on 1/15/24 at 2:56 pm to NIH
quote:
Commodity analysts at Standard Chartered said demand pessimism was once again taking over, with traders worried that oil demand in the US and Europe will weaken.
quote:
This is why me and mine vote Democrat. Oil field booms - Carter, Clinton, Obama (2008), and Joe. Republicans are bad for oil and bad for business.
The only cause for weakend oil demand would be Democrat caused beaurecratic red tape or recession caused by Democrat economic polies. The oil buisiness has survived and gained by it's own accord, even with fighting the government every step of the way. It's crazy how Joe gets elected with Green Energy policy touting to "end oil" and is now trying to take credit for the oil boom.
Posted on 1/15/24 at 3:06 pm to NIH
quote:
This is why me and mine vote Democrat
Well I just wanna tell you thanks for helping with gas and grocery prices that were at an all time high, record high inflation & interest rates, millions of illegals invading the country, crime at an all-time high, and billions of dollars released to terrorist backed countries.
Go politely frick yourself you retard.
Posted on 1/15/24 at 3:10 pm to NIH
quote:
This is why me and mine vote Democrat. Oil field booms - Carter, Clinton, Obama (2008), and Joe. Republicans are bad for oil and bad for business.
You should feel bad.
Somebody's wife is going to suffer for this.
Posted on 1/15/24 at 8:41 pm to NIH
quote:
This is why me and mine vote Democrat. Oil field booms - Carter, Clinton, Obama (2008), and Joe. Republicans are bad for oil and bad for business.
Buddy, I’ve made a fortune in the industry, and I can assure you that the Presidents have had almost nothing to do with the booms or busts in oil and gas. The Clinton boom occurred because the fracking and directional drilling technology had just matured. That boom has been almost continuous since then except when production finally became so great that the OPEC nations took action. That was 2014. Then the pandemic screwed us up again.
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