ActionfigureJoe Posted November 10, 2022 Share Posted November 10, 2022 9 hours ago, Catman800 said: Direct the conversation? There isn't one yet. I'm just wondering if people like the direction the country is heading or the current state? I'm certainly not better off than I was two years ago regardless of whose fault it is and I'm wondering why some think we should keep the status quo instead of seeking change. I like the current direction of the country. Do have a follow up question? Quote Link to comment Share on other sites More sharing options...
Gold Member ZR800efi Posted November 10, 2022 Gold Member Share Posted November 10, 2022 3 hours ago, Deephaven said: Do you actually read threads on here? There are about 5 total libs on the site. Yes no question, derrrr... Ah, so not yes, no. that was sarcasm Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted November 10, 2022 Platinum Contributing Member Share Posted November 10, 2022 16 hours ago, 1jkw said: You are saying we aren't now? Have you taken into consideration the number of oil companies that went under during the pandemic and the effect that would have on production? When oil was negative $40.00 per barrel Trump threatened SA and asked Putin to cut production they did, and it stabilized the market. The point is if the US tomorrow increased its production 2 million BPD and OPEC+2 cut their production the same the price we pay would be as much or more. We aren't supplying all the worlds oil and NG. Yes I've taken into consideration the pandemic had on production. Are you taking into consideration how an industry and its investors will act when the Executive Administration of the US outwardly states its intention to destroy it? Of course OPEC will do things to keep prices at a certain point. Trump could ask all he wants but its common sense for any producer to cut production when prices/demand are so low. Do you think it was appropriate for a industry to keep production high when use fell off a cliff? Shit man where would they put all of it? Market prices today reflect current supply and demand as well as future. Do you buy an equity based solely of the price today or your expectation of where it will be in the future? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted November 10, 2022 Platinum Contributing Member Share Posted November 10, 2022 (edited) 17 hours ago, akvanden said: Yes, and it’s been steadily climbing ever since. In your opinion, it should be climbing faster? Fine by me. Oil prices are not worth 3-4% of inflation though. Production has not kept up with demand....plain and simple. It will likely not because who wants to invest in an industry the federal govt wants to destroy. Not rocket science dude. No more drilling! Edited November 10, 2022 by Highmark Quote Link to comment Share on other sites More sharing options...
akvanden Posted November 10, 2022 Share Posted November 10, 2022 23 minutes ago, Highmark said: Production has not kept up with demand....plain and simple. It will likely not because who wants to invest in an industry the federal govt wants to destroy. Not rocket science dude. No more drilling! Breaking down a much more complex industry into a one factor issue…. Nice. Certainly is A factor. Hopefully output continues to rise as it has been every month since Covid lows, even under Biden. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted November 10, 2022 Platinum Contributing Member Share Posted November 10, 2022 2 minutes ago, akvanden said: Breaking down a much more complex industry into a one factor issue…. Nice. Certainly is A factor. Hopefully output continues to rise as it has been every month since Covid lows, even under Biden. I'm not but it certainly has an impact. Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted November 10, 2022 Share Posted November 10, 2022 22 hours ago, SSFB said: The best way to honestly understand someone's views is to just let them direct the conversation and say what they want instead of asking a specific question that you think is the right question. So you are not better off them and wish to distract form your own reality in order to not have to admit to your self your heros policy's are failing . Ok got it 1 Quote Link to comment Share on other sites More sharing options...
1jkw Posted November 10, 2022 Share Posted November 10, 2022 22 minutes ago, Highmark said: We aren't supplying all the worlds oil and NG. Yes I've taken into consideration the pandemic had on production. Are you taking into consideration how an industry and its investors will act when the Executive Administration of the US outwardly states its intention to destroy it? Of course OPEC will do things to keep prices at a certain point. Trump could ask all he wants but its common sense for any producer to cut production when prices/demand are so low. Do you think it was appropriate for a industry to keep production high when use fell off a cliff? Shit man where would they put all of it? Market prices today reflect current supply and demand as well as future. Do you buy an equity based solely of the price today or your expectation of where it will be in the future? I know we aren't and we aren't capable of that, but that is what is needed to be independent as it is world demand that sets prices. Yes I am, and I am aware that stock holders don't want to lose their asses like they did during the pandemic,2015/2016 ETC. Regardless of government regulation there is no incentive to provide a glut of oil and cut their own throats. Trump asked Putin and threatened SA to make cuts and they did OPEC made the largest cuts in it's history, the ironic part is the memes Trumpers use showing gas at $1.86 when it was Trump himself who put and end to that ( something he needed to do and should have done sooner) IMO. Yes they are and is the reason why prices kept falling until OPEC announced cutbacks prior to Dec. like they agreed to. I invest based on future gains, I don't get involved in buying oil products as a commodity because it is too volatile for me. Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted November 10, 2022 Share Posted November 10, 2022 (edited) 19 hours ago, akvanden said: This "U.S. oil output climbed to nearly 12 million barrels per day (bpd) in August, government figures showed on Monday, the highest since the onset of the COVID-19 pandemic" What Do speculators /investors buy on ? You have a guy telling the world he is going to put a industry out of buisness and then you watch his actions so they buy and keep buying and it pays off huge . Talk is not cheep Edited November 10, 2022 by Ez ryder Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted November 10, 2022 Platinum Contributing Member Share Posted November 10, 2022 22 minutes ago, 1jkw said: I know we aren't and we aren't capable of that, but that is what is needed to be independent as it is world demand that sets prices. Yes I am, and I am aware that stock holders don't want to lose their asses like they did during the pandemic,2015/2016 ETC. Regardless of government regulation there is no incentive to provide a glut of oil and cut their own throats. Trump asked Putin and threatened SA to make cuts and they did OPEC made the largest cuts in it's history, the ironic part is the memes Trumpers use showing gas at $1.86 when it was Trump himself who put and end to that ( something he needed to do and should have done sooner) IMO. Yes they are and is the reason why prices kept falling until OPEC announced cutbacks prior to Dec. like they agreed to. I invest based on future gains, I don't get involved in buying oil products as a commodity because it is too volatile for me. Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted November 10, 2022 Share Posted November 10, 2022 13 hours ago, ActionfigureJoe said: I like the current direction of the country. Do have a follow up question? Lmfao exactly what part do you see as heading in the right direction and why . Quote Link to comment Share on other sites More sharing options...
Catman800 Posted November 10, 2022 Author Share Posted November 10, 2022 16 hours ago, ActionfigureJoe said: I like the current direction of the country. Do have a follow up question? Dude you're fucked up! No further question. Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted November 10, 2022 Share Posted November 10, 2022 10 minutes ago, Catman800 said: Dude you're fucked up! No further question. So it really was a set up, not an honest question. Thank you. Quote Link to comment Share on other sites More sharing options...
Catman800 Posted November 10, 2022 Author Share Posted November 10, 2022 1 minute ago, ActionfigureJoe said: So it really was a set up, not an honest question. Thank you. I asked if you thought you were better off, yes or no. You said you like the direction the country is going in. Was that a sarcastic TDS response (BTW I'm not a big Trump fan but liked most of his policies) or can you explain why you like the direction. I see all of these climate doom and gloom posts from you. Maybe time to sell your sled. 1 Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted November 10, 2022 Share Posted November 10, 2022 Just now, Catman800 said: I asked if you thought you were better off, yes or no. You said you like the direction the country is going in. Was that a sarcastic TDS response (BTW I'm not a big Trump fan but liked most of his policies) or can you explain why you like the direction. I see all of these climate doom and gloom posts from you. Maybe time to sell your sled. I suggest that you leave the word honest out of all future posts. It’s really for the common good. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted November 10, 2022 Share Posted November 10, 2022 (edited) 3 hours ago, Ez ryder said: What Do speculators /investors buy on ? You have a guy telling the world he is going to put a industry out of buisness and then you watch his actions so they buy and keep buying and it pays off huge . Talk is not cheep Trump also said he was going to fill the SPR before long before oil went to -$ per barrel in 2020. I bought a boatload of UCO. Fucknut was on Twitter constantly about it though. https://www.cnbc.com/2020/03/13/trump-asks-energy-department-to-purchase-oil-for-the-strategic-petroleum-reserve.html Edited November 10, 2022 by Crnr2Crnr Quote Link to comment Share on other sites More sharing options...
Catman800 Posted November 10, 2022 Author Share Posted November 10, 2022 2 minutes ago, ActionfigureJoe said: I suggest that you leave the word honest out of all future posts. It’s really for the common good. Yeah because apparently you don't want to give an honest answer. Stop avoiding the question and tell me why you like the direction the country is going. I'm serious or was it all about sarcasm? 2 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted November 10, 2022 Share Posted November 10, 2022 https://www.cnbc.com/2017/05/24/trumps-strategic-oil-reserve-sale-sparks-debate.html not a peep... Quote Link to comment Share on other sites More sharing options...
1jkw Posted November 10, 2022 Share Posted November 10, 2022 3 hours ago, Highmark said: I guess that's code for you got nothing, right colt 45er. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted November 10, 2022 Platinum Contributing Member Share Posted November 10, 2022 2 minutes ago, 1jkw said: I guess that's code for you got nothing, right colt 45er. Colt 45er? No we just keep going around in circles. Quote Link to comment Share on other sites More sharing options...
1jkw Posted November 10, 2022 Share Posted November 10, 2022 33 minutes ago, Crnr2Crnr said: https://www.cnbc.com/2017/05/24/trumps-strategic-oil-reserve-sale-sparks-debate.html not a peep... Nope anything the orange god does or did is fine by the cult. Quote Link to comment Share on other sites More sharing options...
1jkw Posted November 10, 2022 Share Posted November 10, 2022 Just now, Highmark said: Colt 45er? No we just keep going around in circles. Should have said cult. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted November 10, 2022 Platinum Contributing Member Share Posted November 10, 2022 1 minute ago, 1jkw said: Should have said cult. Cult? I don't want him to run again. Quote Link to comment Share on other sites More sharing options...
1jkw Posted November 10, 2022 Share Posted November 10, 2022 2 minutes ago, Highmark said: Cult? I don't want him to run again. But if he does you'll be right here trying to polish every turd decision he might make. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted November 10, 2022 Platinum Contributing Member Share Posted November 10, 2022 16 minutes ago, 1jkw said: But if he does you'll be right here trying to polish every turd decision he might make. Nope...didn't his first time. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.