The Banker
Diamond Member
- Thread starter
- Banned
- #201
How Low Will She Go ?!?!?!
Will Oil go back down to $68 or less !!!!
Go America !
Will Oil go back down to $68 or less !!!!
Go America !
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/——/ Geeze I can’t dumb it down anymore for you. You think 10 cents a gallon is too much but 60 cents is fine and dandy.
How Low Will She Go ?!?!?!
Will Oil go back down to $68 or less !!!!
Go America !
Fuck that "fossil fuels cause global warming" bullshit, amirite?
You honestly believed Lying Biden when he said he was going to end fossil fuels in America, didn't you?
Lying bullshit.The US is producing more oil than ever. That's an indisputable fact. Unlike Trump, though, Biden doesn't crow about it on Twitter. Maybe he should.
We are more energy independent than ever, too. Again, Biden doesn't crow about it.
So we could replenish the SPR very quickly if need be. But Biden is doing the intelligent thing by selling the oil when the price is high. Then he can buy it back when oil is low.
Profits!
Smart.
Then why gut our reserve?The US is producing more oil than ever
WOOPSUS Oil at $77 !!
Ha ha !
US wins, and the traitors lose again
USA ! USA ! USA ! USA ! USA ! USA ! USA !
Why did you not read the rest of my post?Then why gut our reserve?
The strategy was to help stabilize the world oil markets.Lying bullshit.
If the US is producing more oil than ever, why the need to deplete our reserve?
Putin's economy depends on oil being above $60.Oil companies still make money at $50 per barrel because there's profit in every aspect of oil From the wall to the gas station.
I did, g. And if we go to war tomorrow? Do you trust Biden to play the market with our gold reserve too and then wait until it's down to $250. an ounce to buy it all back? You have a lot more faith in these idiots than I do.Why did you not read the rest of my post?
If we wanted to stabilize the global market would we have blown up Russia's pipeline?This is a responsible use of the asset. And, again, the repurchase plan is a responsible use as well
If we wanted to stabilize the global market would we have blown up Russia's pipeline?
The reserve isn't an asset to be dickered with. It is set aside from the dickering. Biden is using it to prevent gas from going through the roof until the next election.
Reserve ~ refrain from using or disposing of (something); retain for future use.
Which enables the oil companies to make profit, as the cars that their gas goes into use...Government takes in 6 times what the oil companies make in profit.
/——/ Some of which you say is true, yet you fail to support your claim the oil companies make more than 10 cents a gallon.It's not always .10 cents per gallon. This is the propaganda that you're falling for.
Do you honestly think that 10 cents per gallon is the profit margin when oil is $4 per gallon? It might be when it's $2 per gallon.
The oil companies own land as big as west Texas counties and their mineral rights. They shuffle the numbers around, create companies that show they had to pay another company for something, when they own both. From the well to the gas station in many MANY cases. The gas stations they call "franchises." But force the franchise owners to sell at the price they (the oil company) demands.
The trucking of the fuel from the refineries. The refineries. The pipelines. Each and every time the oil moves it moves under a different companies name. And it's the oil companies who own all those others.
FFS, this is business 101, dude. Tax write offs, A way to prove less income. Companies who don't show making much, so their tax bracket is lower.
This is something I learned decades ago. Companies like Exxon and Chevron were buying up land and mineral rights in west Texas (and other oil producing area's in the country) Like 500,000 acre ranches. All of this so they could own everything from the well to the gas station.
In 2017, Exxon bought a 275,000 acre plot. Along with the mineral rights, for $6.6 billion.
How about an explanation how the Gubmint is costing the poster $600/month?why do you question that?
Trumps biggest problems his first two years were the fiscal conservatives, blocking his "Obamacare on steroids" bill. They objected to his reauthorization of FISA 702 (warrantless spying on Americans). They objected to his first spending bill of $1.4 trillion.
That kind of crap, like supporting warrantless spying on Americans, isn't "America first." It's big government first.
FFS, Trump had Thomas Massie primaried. Thomas Massie. One of the most fiscally and constitutionally conservatives in DC. He had him primaried because he simply requested ask for a recorded vote on the UNCONSTITUTIONAL NDAA reauthorization.
Trump's a fucking RINO, dude. Regardless of what he says, his sale pitch is, or what his minions say, Trump is nothing more than a big spending, big government, north eastern democrat with a great line of BS. (That you fell for)
How about an explanation how the Gubmint is costing the poster $600/month?