- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Brandon has lost control
Posted on 5/27/22 at 10:48 pm to Homesick Tiger
Posted on 5/27/22 at 10:48 pm to Homesick Tiger
quote:
Bull shite. In 2017 we imported 1,137 billion barrels from OPEC countries, in 2018 943 million barrels, 2019 540 million and in 2020 just 298 million barrels. That doesn't qualify as highly dependent.
How can you be so misleading with such confidence?
LINK
We imported between 5-7 million barrels per day of oil between 2018 and 2020. That's around 1.5 billion barrels of crude to 2 billion barrels of crude per year during that time frame. That qualifies as being highly dependent to other nations to me.
Furthermore, if you may have noticed, 2020 was when demand fell off a cliff. There was a global pandemic that affected demand both in the US and the world. Oil prices even turned negative during 2020 because demand fell off a cliff.
This post was edited on 5/27/22 at 10:49 pm
2
Posted on 5/27/22 at 10:52 pm to FastingFiduciary
Apparently, you know nothing, Biden can make very hard to operate , canceling leases massive regulation , key stone p/l would be a huge help right but obama and biden been shutting it down, ever heard of ESG of course you haven’t google it , i worked almost 40 years In the oil i’ve dealt with SOB’s all the time
Posted on 5/27/22 at 10:57 pm to FastingFiduciary
quote:
How can you be so misleading with such confidence?
My confidence is that I know how to read a post. You pointed out OPEC not total imports. Here's your own words:
quote:
It takes sheer arrogance to think that the president is causing oil prices to go up globally rather than it being a global demand/supply problem primarily caused by OPEC nations.
No more oil than we are presently getting from OPEC wouldn't raise our gas prices as much as they have risen.
Posted on 5/27/22 at 10:58 pm to El_chantajista
quote:
Apparently, you know nothing, Biden can make very hard to operate , canceling leases massive regulation , key stone p/l would be a huge help right but obama and biden been shutting it down, ever heard of ESG of course you haven’t google it , i worked almost 40 years In the oil i’ve dealt with SOB’s all the time
I know a fair deal.
Phase 4 of Keystone would have increased the supply of oil into the US, not the production of oil.
Furthermore, it would have supplied a further 500,000 barrels of oil per day -> that's not going to make a dent in oil prices.
As oil is a global commodity, the Keystone Pipeline would be unlikely to have a significant impact on oil prices as they're determined by global demand-supply factors.
I know what ESG is -> every financial firm states it to a degree. It's not really meaningful and it's just something every firm says for show.
I think Biden scrapping the pipeline is a bad decision and I think he should reverse it BUT it's not going to affect oil prices even if he does.
Posted on 5/27/22 at 11:03 pm to Homesick Tiger
quote:
My confidence is that I know how to read a post. You pointed out OPEC not total imports. Here's your own words:
When talking about *dependence*, you conflate OPEC and global dependence. The US being less dependent on OPEC and more on other nations is still dependence but on other nations.
Furthermore, other nations are still highly dependent on OPEC and their demand for oil affects global prices.
quote:
No more oil than we are presently getting from OPEC wouldn't raise our gas prices as much as they have risen.
Yes, it would -> oil is a global commodity.
The prices of oil are determined globally, not by US demand. Other nations get their oil from OPEC nations and their lack of OPEC supply drives up prices.
It's why you had a UK Prime Minister practically beg OPEC to increase oil production.
Posted on 5/27/22 at 11:07 pm to FastingFiduciary
OPEC is a cartel. Day 1 macro.
Posted on 5/27/22 at 11:09 pm to momentoftruth87
He truly does brother!
Posted on 5/27/22 at 11:12 pm to FastingFiduciary
American president hates oil. American gas prices go through the roof. American president is happy but wants to make sure you know it’s not his fault. Someone else fault I tell you.
FFS - we are not stupid.
How anyone supports this shite is beyond me, but good luck…it will always be someone else’s fault.
FFS - we are not stupid.
How anyone supports this shite is beyond me, but good luck…it will always be someone else’s fault.
Posted on 5/27/22 at 11:13 pm to momentoftruth87
quote:
OPEC is a cartel. Day 1 macro.
I'm not sure how you contradict me here - it supports my point.
That's why Biden really doesn't have much blame in oil prices rising. Oil prices are higher globally.
As you say, day 1 macro.
Posted on 5/27/22 at 11:15 pm to AUX3
I can't believe someone actually typed that out with a straight face.
Oil is a global commodity.
The price of oil is determined by global supply and global demand.
American gas prices have gone up because global prices have gone up. As I keep saying, you people are arrogant enough to think that prices over here are rising because of a US president -> I'm not in the US at the moment and prices are through the roof here.
That's not because of Biden genius.
Oil is a global commodity.
The price of oil is determined by global supply and global demand.
American gas prices have gone up because global prices have gone up. As I keep saying, you people are arrogant enough to think that prices over here are rising because of a US president -> I'm not in the US at the moment and prices are through the roof here.
That's not because of Biden genius.
Posted on 5/27/22 at 11:18 pm to FastingFiduciary
My point being we are now relying on global supply, aka the cartel. We were independent, Biden agenda kills US oil.
I mean, he was even negotiating with Maduro.
I mean, he was even negotiating with Maduro.
Posted on 5/27/22 at 11:22 pm to FastingFiduciary
President Joe Biden's administration raise the cost estimate for the societal impact of greenhouse gases that federal agencies would be able to consider when drafting new regulations Biden could severely affect the bottom line , of the oil companies, affecting out put , literally biden is trying to put the oil companies out of. Business, while begging our enemies for
Posted on 5/27/22 at 11:25 pm to momentoftruth87
quote:
My point being we are now relying on global supply, aka the cartel. We were independent, Biden agenda kills US oil.
No, we weren't independent in the literal sense.
As I've pointed out, the US was importing 7 million barrels of oil per day. We were always reliant on global supply - I keep hearing this and I've had to correct multiple people on this.
We were only a slight net exporter in 2020 and that's because of a pandemic causing demand to fall off a cliff.
The default state of the US is to be a significant net importer of oil. There were only 2 years in the past 50 years where the US was not a net importer of petroleum/crude and that's 2020/2021 -> entirely because of the pandemic.
We were either dependent on OPEC or our allies were dependent on OPEC, which made us dependent on OPEC as oil commodities are globally traded. So if we weren't importing OPEC oil and getting it from other sources, we were still dependent on OPEC because OPEC is a cartel and has a control on prices as they act as a cartel.
This post was edited on 5/27/22 at 11:26 pm
Posted on 5/27/22 at 11:27 pm to FastingFiduciary
Which is all influenced by politics, currently led by a stooge who doesn’t want oil. Which means he’s also inflating the price with his agenda and only giving more leverage to outside trade.
Posted on 5/27/22 at 11:30 pm to FastingFiduciary
Yes we were energy independent. Turn off CNN for Gods sake!
Muh pandemics fault and now muh Putins fault. Lol
Next up is monkey pox fault. Never Bidens
Muh pandemics fault and now muh Putins fault. Lol
Next up is monkey pox fault. Never Bidens
Posted on 5/27/22 at 11:30 pm to FastingFiduciary
quote:
American gas prices have gone up because global prices have gone up.
Then how come our prices are lower than in other countries if global prices have such an impact? My brother just returned from Spain today and he said that gas was over two dollars a liter which is around 7.60 a gallon. It's currently 4.69 here in the states. So why the huge discrepancy?
Posted on 5/27/22 at 11:33 pm to El_chantajista
When the price of gas is a HUGE lever of your economy..it can’t be someone else fault. And if it is…WTF are you doing to get control ….nothing. Zero. Nada. Just let the world deal your fate….kind of like making all of your drugs in China. A well run country controls it’s critical assets, not someone else…
Posted on 5/27/22 at 11:37 pm to momentoftruth87
quote:
cities would be lit right now by antifa and blm.
They were ordered to be burned by antifa and blm by the same people that are responsible for the high gas. Why would yiu think it’s going to happen while they are in control???
Posted on 5/27/22 at 11:39 pm to FastingFiduciary
Holy shite this dude is like a broken record. You get your talking points through email or text?
Posted on 5/27/22 at 11:41 pm to FastingFiduciary
quote:
As I've pointed out, the US was importing 7 million barrels of oil per day.
That's a drop in the bucket. In 2021 we used 19.78 barrels a day - and that was during a pandemic. Importing 7 million a day would not raise prices like they have.
Page 2 of 5
Popular
Back to top
Follow TigerDroppings for LSU Football News