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RAB
Samford Fan
Member since Aug 2019
398 posts

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80
Tbonepatron
LSU Fan
Member since Aug 2013
6405 posts

re: Bank of America: Oil May Hit $100 This Winter and Spur Economic Crisis


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250
fallguy_1978
LSU Fan
Half mile from St George
Member since Feb 2018
36811 posts

re: Bank of America: Oil May Hit $100 This Winter and Spur Economic Crisis
quote:

It’s now up to $4.3 trillion.

The US is a dying empire being ran by a senile old man.


Tigerfan1274
Member since May 2019
1303 posts
 Online 

re: Bank of America: Oil May Hit $100 This Winter and Spur Economic Crisis
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.


Leonard
Houston Astros Fan
New Orleans
Member since Sep 2014
3561 posts

re: Bank of America: Oil May Hit $100 This Winter and Spur Economic Crisis
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.


Napoleon
New Orleans Saints Fan
Kenna
Member since Dec 2007
63353 posts

re: Bank of America: Oil May Hit $100 This Winter and Spur Economic Crisis
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?


mcpotiger
LSU Fan
Missouri
Member since Mar 2005
5027 posts

re: Bank of America: Oil May Hit $100 This Winter and Spur Economic Crisis
BBB. FJB!!!!!!!!!!!!!!!!


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61
RogerTheShrubber
LSU Fan
Juneau, AK
Member since Jan 2009
205572 posts

re: Bank of America: Oil May Hit $100 This Winter and Spur Economic Crisis
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.


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31
Klark Kent
LSU Fan
Houston via BR
Member since Jan 2008
56316 posts

re: Bank of America: Oil May Hit $100 This Winter and Spur Economic Crisis
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 at 9:13 am


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80
LegendInMyMind
Member since Apr 2019
26678 posts

re: Bank of America: Oil May Hit $100 This Winter and Spur Economic Crisis
I'm really glad I started prebuying propane several years ago. We got ours bought and locked in back in June.


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Tigerfan1274
Member since May 2019
1303 posts
 Online 

re: Bank of America: Oil May Hit $100 This Winter and Spur Economic Crisis
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.


Triple Bogey
LSU Fan
19th Green
Member since May 2017
4501 posts

re: Bank of America: Oil May Hit $100 This Winter and Spur Economic Crisis
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.


The Pirate King
USA Fan
Pangu
Member since May 2014
46898 posts

re: Bank of America: Oil May Hit $100 This Winter and Spur Economic Crisis
Exactly how pudding Joe and the puppeteer pulling his strings want it. That want to discourage fossil fuel use.


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cajunangelle
LSU Fan
Member since Oct 2012
126210 posts

re: Bank of America: Oil May Hit $100 This Winter and Spur Economic Crisis
Didn't Brandon just have a meeting with the fat cat CEO's he will make pay their fair share?

Image: https://images.myshirtone.com/2021/10/let-s-go-brandon-us-solve-the-puzzle-i-d-like-to-solve-the-puzzle-t-shirt-Unisex.jpg


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 at 8:27 am


FredBear
USA Fan
Member since Aug 2017
9771 posts

re: Bank of America: Oil May Hit $100 This Winter and Spur Economic Crisis
Bidens *, oops make that Brandons* America


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40
kywildcatfanone
Kentucky Fan
Wildcat Country!
Member since Oct 2012
90263 posts

re: Bank of America: Oil May Hit $100 This Winter and Spur Economic Crisis
O&G baws rejoice.


frequent flyer
LSU Fan
USA
Member since Jul 2021
643 posts

re: Bank of America: Oil May Hit $100 This Winter and Spur Economic Crisis
Doesn’t matter.

Oil is evil and we will restrict production.


Darth_Vader
US Army Fan
A galaxy far, far away
Member since Dec 2011
52454 posts

re: Bank of America: Oil May Hit $100 This Winter and Spur Economic Crisis
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.
This post was edited on 10/8 at 8:50 am


East Coast Band
Alabama Fan
Member since Nov 2010
53410 posts

re: Bank of America: Oil May Hit $100 This Winter and Spur Economic Crisis
Thankfully, CNN and other liberals will not consider this as inflation, but rather some "market adjustment"


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frequent flyer
LSU Fan
USA
Member since Jul 2021
643 posts

re: Bank of America: Oil May Hit $100 This Winter and Spur Economic Crisis
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 bull shite like they always do.


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