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Started By
Message
re: These tariffs on China will kill the oil industry.
Posted on 3/22/18 at 6:29 pm to ForeverGator
Posted on 3/22/18 at 6:29 pm to ForeverGator
quote:
Um, no it's not. Have you ever taken economics?
You really are going to double down on supply/demand pricing.
Name one industry/service that raises their prices when they have no demand.
1
Posted on 3/22/18 at 6:29 pm to ForeverGator
quote:
Considering I am an intellectual property attorney, I think I qualify much more than you retards on this subject.
Since China is wholesale stealing our intellectual property I must say: You really must sick at your job. Don't you have something else better to do that post on this board.
Posted on 3/22/18 at 6:30 pm to LSURussian
That's assuming a large supply. From the sounds of you guys, we don't have a large supply and lack hands in frac and hands to raise the reserves.
Posted on 3/22/18 at 6:33 pm to ForeverGator
Just stop. You're doubling down on stupid.
Posted on 3/22/18 at 6:36 pm to LSURussian
When I bring this thread back up due to the price of oil increasing significantly as a direct result of Trump doing stupid shite, then I'll point you out.
You think because you teach Econ 101 that you understand all of the factors that play into the rise in prices. You forget how tariffs will make that completely different and ruin your simplistic theories. I took Managerial, Macro and Micro economics -- so unless you have a Ph.D in economics -- in which case I will shut up -- then, I believe you're being close minded to the effects of these tariffs on the economy.
You think because you teach Econ 101 that you understand all of the factors that play into the rise in prices. You forget how tariffs will make that completely different and ruin your simplistic theories. I took Managerial, Macro and Micro economics -- so unless you have a Ph.D in economics -- in which case I will shut up -- then, I believe you're being close minded to the effects of these tariffs on the economy.
Posted on 3/22/18 at 6:38 pm to ForeverGator
quote:
When I bring this thread back up due to the price of oil increasing significantly as a direct result of Trump doing stupid shite, then I'll point you out.
I too associate high oil prices with a dead oil and gas industry.
Posted on 3/22/18 at 6:39 pm to CorporateTiger
Oh yeah? Taking Econ 101 doesn't make you think differently? Tell that to the other guy if you truly believe it.
Posted on 3/22/18 at 6:40 pm to ForeverGator
Sales tax is 10% in NOLA bc the Cajun Democrat has "led the way" in rebuilding NOLA & SWB. 
Posted on 3/22/18 at 6:43 pm to ForeverGator
quote:
I took Managerial, Macro and Micro economics
And you still don't understand how the real world works.
I have 10,000 widgets and I need to sell all of them by the end of the month and only have orders for 5,000 I will drop my prices to move them.
If I have 1,000 widgets and 5,000 orders for them I'm going to raise my prices.
This is how the real world works.
I'm sorry you went to a shite school.
Posted on 3/22/18 at 6:46 pm to MrLarson
quote:
Name one industry/service that raises their prices when they have no demand.
The 1 and only thing I can think of,is specialty fabrication.
Posted on 3/22/18 at 6:47 pm to MrLarson
So factor in tariffs into that equation now, especially if it's low demand AND supply.
Too much for you to think on, I believe.
Too much for you to think on, I believe.
Posted on 3/22/18 at 6:49 pm to RogerTheShrubber
quote:
Derp
I was replying to a meme that said "I just want to watch the world burn." That stupid new conservative troll approach to society is being taken literally by some of your younger followers and causing domestic terrorism
Posted on 3/22/18 at 6:50 pm to cwill
quote:It was a rhetorical, and it was answered.
No. Your question was who is the “they” in my post.
Posted on 3/22/18 at 6:57 pm to ForeverGator
quote:
So factor in tariffs into that equation now, especially if it's low demand AND supply.
From what I have seen as a consumer:
The U.S. O/G industry operates on a price dictated schedule. when the price is decent (for them,bad for the consumer),they will put the hands in the field. Then they will be so fricking successful,they will flood the market pretty quick,and the prices will drop again,making production not worth continuing,when you can take your money and invest in pharmaceuticals (sp?).
Now,tarrifs may actually be a way to stabilize prices but keep a medium number of hands constantly working.
In the long run,it's about keeping people working,without ups and downs,boom or busts.
Of course,this will not be so great for investors,you will have to grind it out. You will survive though.
This post was edited on 3/22/18 at 7:10 pm
Posted on 3/22/18 at 6:57 pm to ForeverGator
quote:
You think because you teach Econ 101 that you understand all of the factors that play into the rise in prices. You forget how tariffs will make that completely different and ruin your simplistic theories. I took Managerial, Macro and Micro economics -- so unless you have a Ph.D in economics -- in which case I will shut up
It's a damn good thing youre a lawyer.
Posted on 3/22/18 at 6:59 pm to ForeverGator
quote:
Taking Econ 101 doesn't make you think differently? Tell that to the other guy if you truly believe it.
I’m not the one arguing crude going up is bad for the O&G industry.
Posted on 3/22/18 at 7:00 pm to ForeverGator
quote:
especially if it's low demand AND supply.
Why would there be a high supply for a low demand market? That doesn't sound like good business.
Low demand and low supply sounds like a proper fit.
Posted on 3/22/18 at 7:00 pm to CorporateTiger
I think it can be, as there will also be people using less of it as they won't make unnecessary fill ups... they'll resort to other modes of transport. Has happened before.
Posted on 3/22/18 at 7:05 pm to ForeverGator
This chart showing the fall in oil price next to the fall in O&G shares makes me think that idea is dumb.
Maybe using data is part of my crazy Econ 101 knowledge though:
Posted on 3/22/18 at 7:09 pm to RogerTheShrubber
quote:
Tariffs will give US producers reason to raise their prices as well. It's going to go up across the board
Some of the people we buy from have told us to expect price increases on electrical conduit soon due to the tariffs.
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