Platinum Contributing Member Highmark Posted December 8, 2023 Platinum Contributing Member Share Posted December 8, 2023 4 hours ago, Crnr2Crnr said: https://www.ft.com/content/3a1bbb09-863c-4c51-a8c0-31eac536b938 13.2 million barrels per day in September anything to say Trumpkins? It takes years for some of an admin's actions to see actual production/pricing impacts. I can post many things Biden is doing that will eventually hurt production and pricing down the road. https://www.pbs.org/newshour/politics/biden-cancels-last-oil-and-gas-leases-in-alaskas-arctic-refuge-overturns-sales-held-by-trump https://www.reuters.com/markets/commodities/us-plans-sharp-reduction-offshore-oil-gas-auctions-2023-09-29/ https://apnews.com/article/donald-trump-joe-biden-keystone-pipeline-canada-environment-and-nature-141eabd7cca6449dfbd2dab8165812f2 Quote Link to comment Share on other sites More sharing options...
gravy davey Posted December 8, 2023 Share Posted December 8, 2023 3 hours ago, SnowRider said: Your cult leader kept gas prices down by keeping everyone locked up for almost a year preceding the election…..and still lost I imagine this is what it’s like to listen to you speak Quote Link to comment Share on other sites More sharing options...
gravy davey Posted December 8, 2023 Share Posted December 8, 2023 4 minutes ago, Highmark said: It takes years for some of an admin's actions to see actual production/pricing impacts. I can post many things Biden is doing that will eventually hurt production and pricing down the road. https://www.pbs.org/newshour/politics/biden-cancels-last-oil-and-gas-leases-in-alaskas-arctic-refuge-overturns-sales-held-by-trump https://www.reuters.com/markets/commodities/us-plans-sharp-reduction-offshore-oil-gas-auctions-2023-09-29/ https://apnews.com/article/donald-trump-joe-biden-keystone-pipeline-canada-environment-and-nature-141eabd7cca6449dfbd2dab8165812f2 Just stop with the facts already would ya. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted December 8, 2023 Author Share Posted December 8, 2023 2 minutes ago, Highmark said: It takes years for some of an admin's actions to see actual production/pricing impacts. I can post many things Biden is doing that will eventually hurt production and pricing down the road. https://www.pbs.org/newshour/politics/biden-cancels-last-oil-and-gas-leases-in-alaskas-arctic-refuge-overturns-sales-held-by-trump https://www.reuters.com/markets/commodities/us-plans-sharp-reduction-offshore-oil-gas-auctions-2023-09-29/ https://apnews.com/article/donald-trump-joe-biden-keystone-pipeline-canada-environment-and-nature-141eabd7cca6449dfbd2dab8165812f2 now show the production increases during Trump's tenure due to the production during the Obama years. I know a lot of folks who were working in the Dakota's during Obama's term and the beginning of the Trump term. Trump likes taking credit for... well, you name it. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted December 8, 2023 Platinum Contributing Member Share Posted December 8, 2023 3 minutes ago, gravy davey said: Just stop with the facts already would ya. Lets be clear simple rhetoric out of an admin can shift markets. How many times did we hear that from the left when Trump would say something like the fed should lower rates. 1 Quote Link to comment Share on other sites More sharing options...
akvanden Posted December 8, 2023 Share Posted December 8, 2023 9 minutes ago, Highmark said: I can post many things Biden is doing that will eventually hurt production and pricing down the road. Anything you can post on the positive things he's doing? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted December 8, 2023 Platinum Contributing Member Share Posted December 8, 2023 Just now, Highmark said: Lets be clear simple rhetoric out of an admin can shift markets. How many times did we hear that from the left when Trump would say something like the fed should lower rates. Just now, Crnr2Crnr said: now show the production increases during Trump's tenure due to the production during the Obama years. I know a lot of folks who were working in the Dakota's during Obama's term and the beginning of the Trump term. Trump likes taking credit for... well, you name it. Obama didn't even remotely try and destroy the domestic energy industry during his 2 terms that Biden is doing and often what an admin does can take a decade or longer. There also is natural market forces that play a huge role in it. Hell during the pandemic oil hit negative pricing. Dude you have to be smart enough to see which party is pushing for the elimination of fossil fuels and which isn't. This is really a stupid thread all things considered. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted December 8, 2023 Platinum Contributing Member Share Posted December 8, 2023 (edited) 5 minutes ago, akvanden said: Anything you can post on the positive things he's doing? Why did you ever post positive things that Trump did? Biden did slightly change his stance on drilling once the Saudi's wouldn't help him out. That positive enough for you. Edited December 8, 2023 by Highmark Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted December 8, 2023 Author Share Posted December 8, 2023 4 minutes ago, Highmark said: Lets be clear simple rhetoric out of an admin can shift markets. How many times did we hear that from the left when Trump would say something like the fed should lower rates. like all the bullshit Trump posted on Twitter about oil while in office? market manipulation? Quote Link to comment Share on other sites More sharing options...
1jkw Posted December 8, 2023 Share Posted December 8, 2023 10 minutes ago, Highmark said: It takes years for some of an admin's actions to see actual production/pricing impacts. I can post many things Biden is doing that will eventually hurt production and pricing down the road. https://www.pbs.org/newshour/politics/biden-cancels-last-oil-and-gas-leases-in-alaskas-arctic-refuge-overturns-sales-held-by-trump https://www.reuters.com/markets/commodities/us-plans-sharp-reduction-offshore-oil-gas-auctions-2023-09-29/ https://apnews.com/article/donald-trump-joe-biden-keystone-pipeline-canada-environment-and-nature-141eabd7cca6449dfbd2dab8165812f2 Yet during your orange Gods term the only time gas prices were lower than 2016 was during the pandemic. There is zero incentive for US oil companies to over produce regardless of who is president, all that needs to happen is for OPEC to increase it's production and it kills US oil, they have seen this happen too many times. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted December 8, 2023 Platinum Contributing Member Share Posted December 8, 2023 1 minute ago, Crnr2Crnr said: like all the bullshit Trump posted on Twitter about oil while in office? market manipulation? Sure dude.....that's why I said it. FFS man. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted December 8, 2023 Author Share Posted December 8, 2023 1 minute ago, Highmark said: Obama didn't even remotely try and destroy the domestic energy industry during his 2 terms that Biden is doing and often what an admin does can take a decade or longer. There also is natural market forces that play a huge role in it. Hell during the pandemic oil hit negative pricing. Dude you have to be smart enough to see which party is pushing for the elimination of fossil fuels and which isn't. This is really a stupid thread all things considered. I trade oil... have for years. haven't we been over this before? Long https://www.google.com/finance/quote/UCO:NYSEARCA Short https://www.google.com/finance/quote/SCO:NYSEARCA Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted December 8, 2023 Platinum Contributing Member Share Posted December 8, 2023 (edited) 5 minutes ago, 1jkw said: Yet during your orange Gods term the only time gas prices were lower than 2016 was during the pandemic. There is zero incentive for US oil companies to over produce regardless of who is president, all that needs to happen is for OPEC to increase it's production and it kills US oil, they have seen this happen too many times. Yes because we were in a strong economic expansion. I agree on the second thing you said. Oil companies will always have market incentive on when to pump out more oil. No different than almost ANY natural resource. No different than much of the AG industry and farmers. Corn hits $6.00 and the fuckers will till up their yards to gain an extra 1/2 acre. Edited December 8, 2023 by Highmark Quote Link to comment Share on other sites More sharing options...
akvanden Posted December 8, 2023 Share Posted December 8, 2023 3 minutes ago, Highmark said: Why did you ever post positive things that Trump did? I wasn't on the site during his presidency. 4 minutes ago, Highmark said: Biden did slightly change his stance on drilling once the Saudi's wouldn't help him out. That positive enough for you. Yeah, I think that's nice. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted December 8, 2023 Platinum Contributing Member Share Posted December 8, 2023 4 minutes ago, Crnr2Crnr said: I trade oil... have for years. haven't we been over this before? Long https://www.google.com/finance/quote/UCO:NYSEARCA Short https://www.google.com/finance/quote/SCO:NYSEARCA You posting a couple oil ETF's makes you an expert? Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted December 8, 2023 Author Share Posted December 8, 2023 6 minutes ago, Highmark said: You posting a couple oil ETF's makes you an expert? no, it's made me $ by constantly following the market. those are 3X non-rookie trading tools. what's your expertise based upon, the price of gas at the pump? Quote Link to comment Share on other sites More sharing options...
1jkw Posted December 8, 2023 Share Posted December 8, 2023 2 hours ago, Highmark said: Yes because we were in a strong economic expansion. I agree on the second thing you said. Oil companies will always have market incentive on when to pump out more oil. No different than almost ANY natural resource. No different than much of the AG industry and farmers. Corn hits $6.00 and the fuckers will till up their yards to gain an extra 1/2 acre. Not any stronger than 2015, and the lowest it was under Trump was the same as then. And speaking of the price of corn, soybeans, ect. look what the tariffs did there, not to mention the bailout. Quote Link to comment Share on other sites More sharing options...
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