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re: The irony of funding Ukraine is that the conflict is keeping oil prices high.
Posted on 2/23/24 at 1:40 pm to COAUTiger
Posted on 2/23/24 at 1:40 pm to COAUTiger
Yet you idiots still can’t grasp basic economics.
Read slow.
It’s not how much oil the companies are pumping no versus then.
It’s the COST those companies endure to drill the oil now versus then. That’s from policy changes by Biden versus Trump.
It was much cheaper to obtain it then it is now.
Do you understand? Not about volume.
If the US cow population doubled, that has no bearing on what the price of milk should be.
It depends on what it COSTS the company to produce and deliver the product.
Read slow.
It’s not how much oil the companies are pumping no versus then.
It’s the COST those companies endure to drill the oil now versus then. That’s from policy changes by Biden versus Trump.
It was much cheaper to obtain it then it is now.
Do you understand? Not about volume.
If the US cow population doubled, that has no bearing on what the price of milk should be.
It depends on what it COSTS the company to produce and deliver the product.
Posted on 2/23/24 at 1:44 pm to riccoar
Wtf? That’s not how it works.
This post was edited on 2/23/24 at 1:50 pm
Posted on 2/23/24 at 2:28 pm to riccoar
Please ignore one of your upvotes. I meant that for cwill.
Did you know that the price of oil is based on supply and demand on the international market? US oil price is based on the price of the international market, not the cost of business. Oil has been sold at a cost of business lost in the past. That goes into profit margins, not price of oil.
Oh wow, I just re-read your post. You called other idiots about not understanding basic economics and then write this -
"If the US cow population doubled, that has no bearing on what the price of milk should be.
It depends on what it COSTS the company to produce and deliver the product."
WOW!! Even basic economics is not that basic. Just wow... Not even a mention of supply and demand?? And I'm an idiot??
And let's read my comment again, but slowly this time. My production numbers had nothing to do with the cost of oil. I just thought the production numbers were interesting. The later comment of price of oil v gas was simply stating that the margin trend between the two has significantly increased. I guess you didn't check out the link prior to spouting off. But that is typical so I guess I should have expected this.
Did you know that the price of oil is based on supply and demand on the international market? US oil price is based on the price of the international market, not the cost of business. Oil has been sold at a cost of business lost in the past. That goes into profit margins, not price of oil.
Oh wow, I just re-read your post. You called other idiots about not understanding basic economics and then write this -
"If the US cow population doubled, that has no bearing on what the price of milk should be.
It depends on what it COSTS the company to produce and deliver the product."
WOW!! Even basic economics is not that basic. Just wow... Not even a mention of supply and demand?? And I'm an idiot??
And let's read my comment again, but slowly this time. My production numbers had nothing to do with the cost of oil. I just thought the production numbers were interesting. The later comment of price of oil v gas was simply stating that the margin trend between the two has significantly increased. I guess you didn't check out the link prior to spouting off. But that is typical so I guess I should have expected this.
This post was edited on 2/23/24 at 3:12 pm
Posted on 2/23/24 at 3:18 pm to riccoar
quote:
It’s the COST those companies endure to drill the oil now versus then. That’s from policy changes by Biden versus Trump. It was much cheaper to obtain it then it is now. Do you understand? Not about volume.
Margins are fat rn for both upstream and especially downstream.
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