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Started By
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re: Bank of America: Oil May Hit $100 This Winter and Spur Economic Crisis
Posted on 10/8/21 at 7:59 am to ragincajun03
Posted on 10/8/21 at 7:59 am to ragincajun03
0
Posted on 10/8/21 at 8:01 am to waiting4saturday
quote:
$3.00
Posted on 10/8/21 at 8:03 am to ifyoubuildit
quote:
It’s now up to $4.3 trillion.
The US is a dying empire being ran by a senile old man.
Posted on 10/8/21 at 8:07 am to fallguy_1978
I remember during the height of covid hysteria last spring, some of the "experts" were saying $35/BBL was probably the new normal and we may never even see $50/BBL. Whoops. It was probably wishful thinking more than anything.
Posted on 10/8/21 at 8:10 am to ragincajun03
quote:
As well as the cooler weather, BofA also said that underinvestment in commodities due to poor returns is also set to fuel higher oil prices in the longer-term
You didn’t bold this part…I know it’s low-hanging fruit to bash Biden but should at least partial blame be placed on CEOs of Shale-focused companies for essentially setting money on fire for the last decade or so?
I always heard that ESG was a convenient way for banks to step out of funding O&G because of fairly shitty returns, despite what the boost in production did for the overall US Economy.
Posted on 10/8/21 at 8:11 am to ragincajun03
I remember when everyone on this board was saying oil was too cheap after it fell in price in 2015. I got downvoted for saying gas should be $1.00/gal. Fracking led to cheap oil but that cheap oil from fracking directly hurt the Louisiana offshore economy. Cutting back on fracking for sure hurt our wallets with the price of gas. Though won't higher oil prices help our local economy. Is there an equilibrium we are trying to achieve? Remember how upset the truck nut baws were in late 2015/early 16 about oil prices? Have y'all really decided what you want? Or is it all political in the end?
Posted on 10/8/21 at 8:16 am to ragincajun03
BBB. FJB!!!!!!!!!!!!!!!!
Posted on 10/8/21 at 8:17 am to Napoleon
quote:
I got downvoted for saying gas should be $1.00/gal.
What are you basing this upon?
That's probably why you're getting downvoted.
Posted on 10/8/21 at 8:18 am to Napoleon
rabble rabble, rabble rabble. i don’t know anything about the O&G industry. rabble rabble, rabble rabble. muh, truck nutz.
This post was edited on 10/8/21 at 9:13 am
Posted on 10/8/21 at 8:18 am to ragincajun03
I'm really glad I started prebuying propane several years ago. We got ours bought and locked in back in June.
Posted on 10/8/21 at 8:19 am to Napoleon
quote:
Though won't higher oil prices help our local economy.
Possibly. So many capital projects were canceled or postponed, it will take time to get them going again.
Posted on 10/8/21 at 8:19 am to Leonard
quote:
I always heard that ESG was a convenient way for banks to step out of funding O&G because of fairly shitty returns, despite what the boost in production did for the overall US Economy.
What happened was the O&G industry got smart with the last downturn in oil and gas prices. Instead of seeing prices increase and also increasing production, they fixed their balance sheets and didn’t just blow all their cash. Now you’ve got increasing demand and no way for more product to get to market. Also doesn’t help that Biden is shutting down pipeline construction. Just exacerbated the issue.
Posted on 10/8/21 at 8:20 am to ragincajun03
Exactly how pudding Joe and the puppeteer pulling his strings want it. That want to discourage fossil fuel use.
Posted on 10/8/21 at 8:25 am to ragincajun03
Didn't Brandon just have a meeting with the fat cat CEO's he will make pay their fair share?
Brandon gave Putin his Nord Stream 2 pipeline, but people up North in the rust belt USA---- will go broke paying for their heat this winter as Brandon laughs his arse off.
Brandon gave Putin his Nord Stream 2 pipeline, but people up North in the rust belt USA---- will go broke paying for their heat this winter as Brandon laughs his arse off.
This post was edited on 10/8/21 at 8:27 am
Posted on 10/8/21 at 8:29 am to ragincajun03
Bidens *, oops make that Brandons* America
Posted on 10/8/21 at 8:35 am to ragincajun03
O&G baws rejoice.
Posted on 10/8/21 at 8:38 am to ragincajun03
Doesn’t matter.
Oil is evil and we will restrict production.
Oil is evil and we will restrict production.
Posted on 10/8/21 at 8:48 am to ragincajun03
I know we have a number of resident Democrats here on the OT. I’d like to have an open and honest conversation, setting all trolling and insults aside. Can we do that? OK, good. I have two main questions:
1. Taking a look at the state of the country today compared to when Biden took office, has anything improved? If so, what is it? What did Biden do to make it happen?
2. What, in your opinion has Biden done that can be considered successful? And how did that benefit the country?
Let’s keep this civil and on topic. I’m honestly wanting feedback from those here who voted for and support Biden and consider themselves a Democrat and or progressive.
1. Taking a look at the state of the country today compared to when Biden took office, has anything improved? If so, what is it? What did Biden do to make it happen?
2. What, in your opinion has Biden done that can be considered successful? And how did that benefit the country?
Let’s keep this civil and on topic. I’m honestly wanting feedback from those here who voted for and support Biden and consider themselves a Democrat and or progressive.
This post was edited on 10/8/21 at 8:50 am
Posted on 10/8/21 at 8:50 am to ragincajun03
Thankfully, CNN and other liberals will not consider this as inflation, but rather some "market adjustment"
Posted on 10/8/21 at 8:51 am to kywildcatfanone
quote:
O&G baws rejoice.
Their jobs are being regulated out of existence. Washington doesn’t give a shite about the economic hit this will have on everyday Americans.
They’ll just fake the stats on unemployment and inflation and have their propagandists in the media spread bullshite like they always do.
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