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Message
Trump gas prices have been a huge “tax cut”
Posted on 12/28/19 at 12:46 pm
Posted on 12/28/19 at 12:46 pm
Obama had 4 years with gas prices over $3 average.... Trump hasn’t had 1, and gas prices for the most part have been extremely stable.
A lot of people overlook this fact as to why the economy is doing so well. People have more $ in their pockets and are spending it and juicing the economy or saving it (savings rate has ticked up too).
A lot of people overlook this fact as to why the economy is doing so well. People have more $ in their pockets and are spending it and juicing the economy or saving it (savings rate has ticked up too).
8
Posted on 12/28/19 at 12:48 pm to Lsujacket66
Stop giving the government credit for technological advancements they had nothing to do with.
Posted on 12/28/19 at 1:01 pm to wutangfinancial
Trump is responsible for packing FERC with pro energy individuals. Heck we went from disallowing pipelines, LNG plants, drilling to.....if I was living in west Texas I would not go on vacation, those fellas would approve drilling in my front yard and a pipeline in the back!!
He also passed writing off capital in one year versus depreciating it, a big deal in a capital intensive industry like oil and gas.
So he may not have invented fracking tech, but he sure stopped blocking it from succeeding.
He also passed writing off capital in one year versus depreciating it, a big deal in a capital intensive industry like oil and gas.
So he may not have invented fracking tech, but he sure stopped blocking it from succeeding.
This post was edited on 12/28/19 at 1:06 pm
Posted on 12/28/19 at 1:03 pm to Lsujacket66
I think I remember the Trump ‘gas price cut’ legislation now. No Democrats voted for that.
Posted on 12/28/19 at 1:05 pm to trinidadtiger
I completely agree on the regulation issues Obama had. Restricting pipelines and his attack on offshore drilling were weak. He only made one good decision on energy policy when they allowed for LNG exports. But there were major market forces at work now and then that have a much larger effect on the price of oil.
Posted on 12/28/19 at 1:24 pm to Lsujacket66
Seems like the new price ceiling for oil is in the $60 to $75 range.
This is because if it gets higher than shale oil becomes more profitable and will flood the market. The Saudis seem more than content to sell at this price in order to make other plays riskier.
This is because if it gets higher than shale oil becomes more profitable and will flood the market. The Saudis seem more than content to sell at this price in order to make other plays riskier.
Posted on 12/28/19 at 1:58 pm to Lsujacket66
(no message)
This post was edited on 12/17/21 at 9:24 pm
Posted on 12/28/19 at 2:07 pm to DiamondDog
quote:
The Strategic Petroleum Reserve has been selling oil frequently. That’s why it’s been so low. Trump Admin has sought to draw down the reserves.
Uh, no. The SPR was designed for Saudi boycotts. There is no need for one now. The oil prices are lower because the US is self sufficient plus an exporter. This will not change until a Democrat/Communist is elected president.
Posted on 12/28/19 at 2:09 pm to Zach
Yeah. You’re right dude. I don’t know what’s going on at all.
fricking dolt.
fricking dolt.
This post was edited on 12/28/19 at 2:10 pm
Posted on 12/28/19 at 2:11 pm to Zach
The thing about this fricking site is you never know who you’re taking to.
Posted on 12/28/19 at 2:33 pm to DiamondDog
I'm Zach. What do you want to know about the SPR? I was studying it when it was created.
Posted on 12/28/19 at 3:20 pm to trinidadtiger
quote:
Trump is responsible for packing FERC with pro energy individuals. Heck we went from disallowing pipelines, LNG plants, drilling to.....if I was living in west Texas I would not go on vacation, those fellas would approve drilling in my front yard and a pipeline in the back!!
He also passed writing off capital in one year versus depreciating it, a big deal in a capital intensive industry like oil and gas.
So he may not have invented fracking tech, but he sure stopped blocking it from succeeding.
Has hardly anything to do with current prices....the energy industry, with a huge step change in tech, has nearly drilled itself into bankruptcy.
Posted on 12/28/19 at 3:37 pm to Zach
quote:
What do you want to know about the SPR? I was studying it when it was created.
LOL ok. You’re still a dummy. Look at the sell logs for the past three years and get back to me.
Posted on 12/28/19 at 4:45 pm to Lsujacket66
That kinda happens when you have a POTUS with the balls to stand up to the climate nazis and the OPEC cartel and not let them hold our economy hostage using manipulative oil policies.
Posted on 12/28/19 at 6:32 pm to bamarep
quote:
That kinda happens when you have a POTUS with the balls to stand up to the climate nazis and the OPEC cartel and not let them hold our economy hostage using manipulative oil policies.
Mythology.
Posted on 12/28/19 at 6:47 pm to cwill
Well is he that bull in a china cabinet, or not?
Or is he standoffish and yielding??
Make yall mind up.
Or is he standoffish and yielding??
Make yall mind up.
Posted on 12/28/19 at 6:56 pm to Lsujacket66
One of the big things pushing this along is the lifting of the export ban, without that every US rig would have been stacked long ago.
Posted on 12/28/19 at 7:03 pm to BeepNode
The Saudis are in the process of selling a good chunk of Aramco off to fund investment in other industries and selling at this price point is something they can survive but which hurts a number of other producers like Russia, Venezuela, Iran, etc.
They like high gas prices but, at the same time, they can weather lower ones in the process of running their competition out of the market. There will still be producers in those countries but there may be new governments there at some point because their budgets need high oil prices.
They like high gas prices but, at the same time, they can weather lower ones in the process of running their competition out of the market. There will still be producers in those countries but there may be new governments there at some point because their budgets need high oil prices.
Posted on 12/28/19 at 7:11 pm to teke184
quote:
The Saudis are in the process of selling a good chunk of Aramco off to fund investment
Few things
One, it is a done deal and 2 it is 1.5% of the company, you decide if that is a "good chunk" or not, it aint in my book.
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