Wow!! Biden's Economy is Kicking A....
- Thread starter cems52
- Start date
Facts say otherwise. Not worried about Joe's poll numbers. He has 3+ years left.
lol...lol
lol...lol
All you guys need to learn a bit more about what drives commodity prices. As for gas, no US President can control gas prices the way you guys think they can 🤣. Supply, demand and OPEC do. BTW, been in oil and gas for one of the big 2 US transnational oil companies for over 20 years so yes, I do know what I'm talking about, and you guys obviously don't. Now back to your hilarious political cyber pillow fight 🤣.
With that said, Go Canes!
With that said, Go Canes!
Brah, we're a bunch of dumbasses trying to one-upmanship the other. That's all.
lol...lol
lol...lol
Article sited is a complete opinion piece. I’m sure if someone went through some conservative right leaning websites, they can find some articles using the same stats to spin a negative light
Personally, i don't think the “economy” is all that bad at the current moment, but what is bad, is the current level of inflation, and how peoples current level of income can’t keep pace. It’s real and everyone feels it. How long it’s here to stay is the question
and for the record, here is a little about the author in the sited post, not someone i would look to for economic information
Mark Sumner is the author of numerous novels, including Devil's Tower which was nominated for the World Fantasy Award. His News from the Edge series (including The Monster of Minnesota and Vampires of Vermont) was the basis for the television series The Chronicle which appeared on the SyFy network.
His latest book, The Evolution of Everything, is his first non-fiction work. In it, he looks at how Darwin's ideas have been misunderstood, and how selection affects not just the natural world, but everything around us.
He worked for two decades as a field geologist, discovering miles of cave beneath western Kentucky, uncovering dinosaurs in South Dakota, and exploring for minerals across many western states. He now works in an office -- which is not nearly as scenic or exciting, though it does tend to stay warm and dry.
He is a contributing editor at the political web site Daily Kos, where he frequently writes on issues of science, the environment, and the economy. He holds a Masters Degree from Washington University, and lives with his wife and son in a drafty log cabin near St. Louis, Missouri.
Personally, i don't think the “economy” is all that bad at the current moment, but what is bad, is the current level of inflation, and how peoples current level of income can’t keep pace. It’s real and everyone feels it. How long it’s here to stay is the question
and for the record, here is a little about the author in the sited post, not someone i would look to for economic information
Mark Sumner is the author of numerous novels, including Devil's Tower which was nominated for the World Fantasy Award. His News from the Edge series (including The Monster of Minnesota and Vampires of Vermont) was the basis for the television series The Chronicle which appeared on the SyFy network.
His latest book, The Evolution of Everything, is his first non-fiction work. In it, he looks at how Darwin's ideas have been misunderstood, and how selection affects not just the natural world, but everything around us.
He worked for two decades as a field geologist, discovering miles of cave beneath western Kentucky, uncovering dinosaurs in South Dakota, and exploring for minerals across many western states. He now works in an office -- which is not nearly as scenic or exciting, though it does tend to stay warm and dry.
He is a contributing editor at the political web site Daily Kos, where he frequently writes on issues of science, the environment, and the economy. He holds a Masters Degree from Washington University, and lives with his wife and son in a drafty log cabin near St. Louis, Missouri.
So if a President bans fracking it won’t be reflected in NG prices ? President shuts down pipeline doesn’t that change supply ?
Not an expert by any means but we were energy independent just a short time ago. Are you saying that when a president cancels leases on Federal lands that it has no effect on that energy independence? As a layperson, it would seem that if you reduce our capacity for drilling that it would indeed have an effect on our supplies and also keeps us from being dependent on other countries, some of which don't like us very much, for our energy needs.
Good questions but no, being what you guys call energy independent is a buzz word used by politicians to play politics. Oil and gas is a global market and prices are set by indexes by crude quality. In general, when crude prices drop, refined product prices rise and when they go up, refined product prices go down - inverse affect. Other impacts to pricing of refined products like gasoline include weather events that shut in production like what happened to Texas last year during the freeze, number of refineries operating, refinery maintenance/shut in schedules, conditions of refineries (are they producing at capacity or are they so old they can't and owners don't want to invest in capital improvements),etc. Lots of moving parts here.
Whether we are what politicians call energy independent, PRIVATE oil companies/traders still sell to all their buyers worldwide and for many reasons that would entail a very long convo but longer term contracts are preferred and those buyers tend to get discounts. Note, sellers like to hedge their bets against economic downturns so they don't want all their eggs in one market in case that market is experiencing economic struggles. So our oil and refined products are found beyond the US and we will ALWAYS have foreign product sold in country. From a national strategic perspective, we will always want to use others oil before using ours so we have the most at the end. Makes sense right.
As for the fracking comment, companies typically drop rigs when they don't have buyers (demand). So local and worldwide economic activity is a big driver of prices and demand. Hence, nothing Trump nor Biden did as to policy has really made an impact when/while they were/are on seat. Again, this is a very trivial response because the economics of oil and gas is much more complicated especially when you get into discussing spot prices and term pricing strategies, etc.
As for the Keystone pipeline, that was to bring Canadian oil into the US market. Definetly not America first, right. In the end, all it does is put Canadian oil competing against US producers and that tends to lead to job losses in the US oil patch and job creation in Canada (the US jobs created by the pipeline are mainly short term jobs that would be more than offset by job loss in the US oil market). Prices would still follow world indexes because it's still a commodity and per the reasons I've already discussed.
I'll leave you guys with this, just like Gore had nothing to do with inventing the internet, Trump had nothing to do with the US becoming "energy independent" or increased domestic production. In both cases, ALL the credit goes to the great American workers and entrepreneurs that developed the technology way before Trump or Gore even knew how to use it for their personal political objectives. So with that said, it's hilarious to think people believe, whether good or bad, that Biden had anything to do with where gas prices are after 11 months in office.
Hope that ramble helped and suggest you guys read up some more on it but stay away from politicians or partisan reporting trying to teach a subject they know nothing about.
Go Canes!
Whether we are what politicians call energy independent, PRIVATE oil companies/traders still sell to all their buyers worldwide and for many reasons that would entail a very long convo but longer term contracts are preferred and those buyers tend to get discounts. Note, sellers like to hedge their bets against economic downturns so they don't want all their eggs in one market in case that market is experiencing economic struggles. So our oil and refined products are found beyond the US and we will ALWAYS have foreign product sold in country. From a national strategic perspective, we will always want to use others oil before using ours so we have the most at the end. Makes sense right.
As for the fracking comment, companies typically drop rigs when they don't have buyers (demand). So local and worldwide economic activity is a big driver of prices and demand. Hence, nothing Trump nor Biden did as to policy has really made an impact when/while they were/are on seat. Again, this is a very trivial response because the economics of oil and gas is much more complicated especially when you get into discussing spot prices and term pricing strategies, etc.
As for the Keystone pipeline, that was to bring Canadian oil into the US market. Definetly not America first, right. In the end, all it does is put Canadian oil competing against US producers and that tends to lead to job losses in the US oil patch and job creation in Canada (the US jobs created by the pipeline are mainly short term jobs that would be more than offset by job loss in the US oil market). Prices would still follow world indexes because it's still a commodity and per the reasons I've already discussed.
I'll leave you guys with this, just like Gore had nothing to do with inventing the internet, Trump had nothing to do with the US becoming "energy independent" or increased domestic production. In both cases, ALL the credit goes to the great American workers and entrepreneurs that developed the technology way before Trump or Gore even knew how to use it for their personal political objectives. So with that said, it's hilarious to think people believe, whether good or bad, that Biden had anything to do with where gas prices are after 11 months in office.
Hope that ramble helped and suggest you guys read up some more on it but stay away from politicians or partisan reporting trying to teach a subject they know nothing about.
Go Canes!
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WTF is the National Memo,Yes, you heard it from me, Biden's economy is not only kicking azz but is the envy of the world. Gas prices are on a downward trajectory so it will not be long before we tame inflation. Those right wing nutjobs ain't gonna like that. Here's my favorite quote from this article.
"The economy is booming because, under the control of Donald Trump, no one knew what was coming next. Trump’s policies were utterly dependent on who had most recently kissed his butt, what industry he vaguely connected with a political enemy, and what he thought would piss off people who had not invited him to the best parties in New York City."
Check out the article.
Numbers Shows Joe Biden's Economy Is Actually Beating The World
The U.S. economy is expanding at a 7% rate over the last three months, up by 5% from the beginning of the year. That number isn’t just three times the expected growth rate in Europe, it almost doubles the rate of growth in China. As reported in The Wall Street Journal, the U.S. economy is genuinelywww.nationalmemo.com
Merry Christmas
Happy Hanukkah
Happy Kwansaa
The only gas you get is from the food you eat at the homeless and brainless shelter where you share a bunk with CD and Hawaiicane your buttbuddies.
As you know your post is too an opinion.
Lol...lol
Lol...lol
Merry Christmas
Happy Hanukkah
Happy Kwansaa
Are you that dense? Prices have always come down. You're looking for something that doesn't exist. Unlike Trump, Biden will be re-elected cuz he's an honest and competent leader. Get with the program.
yes, which is why i put
“Personally, i don't think the “economy” is all that bad at the current moment, but what is bad, is the current level of inflation, and how peoples current level of income can’t keep pace. It’s real and everyone feels it. How long it’s here to stay is the question”
Don't agree with your "how peoples current level of income can’t keep pace. It’s real and everyone feels it".
Poll was from left wing CNBC, which in your world is a credible source. . Pull your head out of your ass for once.
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which is your opinion, that you are certainly entitled to, and not all incomes are affected, but a lot are.
here’s some articles stating the same thing
CNBC https://www.cnbc.com/2021/07/08/the-upside-to-inflation-rising-wages.html
Axios https://www.axios.com/wages-inflation-economic-data-c912afdb-b950-4183-8283-50afff593576.html
Washington Post https://www.washingtonpost.com/business/2021/11/10/inflation-wages-workers-october/
Marketwatch. https://www.marketwatch.com/story/u...t-leaving-workers-much-better-off-11633716685
Can't take you seriously..others may respond but you are one of the Three Stooges along with CD and Hawaiicane.
Again, keep posting .I need a laugh!
You haven’t said anything of substance that answers why you think this period of high inflation is temporary.
But that’s OK Cems.
wishing you a Merry Christmas!
You say avoid politicians and partisans in your response which contains political references ( comment on Keystone ). As for fracking being shutdown you say it’s demand. Where did demand at Pennsylvania and other states power plants go ? Maybe you by your job look globally and miss the smaller national and regional impacts.
Comments on Keystone was from a precious question someone had asked. Facts about Keystone are correct. Sorry if it doesn't fit into your political sway but it doesn't change the facts. As for your power plant comment, what's your point cause I think you missed mine. But that's cool. Believe As you wish.
Marry Xmas brothers and go Canes.
