It's 100% Biden's Inflation

LV426 said:
There sure was:

It's official: Recession began in February, ending longest U.S. expansion ever
https://www.cbsnews.com/news/united-states-recession-started-february/

And if you want to get technical and specific, the manufacturing sector was in a recession for a full year before the rest of the economy followed:

U.S. manufacturing was in a mild recession during 2019, a sore spot for the economy
https://www.washingtonpost.com/busi...mild-recession-during-2019-sore-spot-economy/

See, your problem is that you're so fucking stupid and lazy, you don't bother to do any research, so you end up having to eat plates of shit that I happily shove into your big, fat fuckin' mouth.
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The world was already entering panic mode by January on Covid-19.

https://en.wikipedia.org/wiki/Responses_to_the_COVID-19_pandemic_in_January_2020
Ignorant bitch WHO HATES EVERY CHILD IN THE ENTIRE WORLD LIKE A SICKO.

NOW...we are done on this.
 
Althea said:
He should be embarrassed by his stupidity.

But he's too stupid to be embarrassed.

Now we know why he consistently bans you from his threads.

You ruin the entire thread by introducing facts.
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I'm convinced he doesn't give a shit if he's lying, wrong, or stupid...he has orders to post on JPP and will follow those orders.

He bans me from threads because I keep bringing this back up, which undermines his credibility:

anatta said:
I didn't ask for a mail in, I would have never known it was sent except my Russian neighbor
( who values American democracy more then most Americans) was kind enough to bring it over
return postage paid envelope included.. what could possibly go wrong?? :palm:
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LV426 said:
He did, and then switched to say US companies paid the tariffs, as if that makes it all OK.
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He's such a lying piece of shit. From his link:

“If the tariffs remain in place, pressure on US retailers will likely rise, leading to a greater pass-through to consumer prices,” the agency added.
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To recap:

The dry addict starts a thread claiming that this is '100% Biden's inflation'. He eventually posted a graph that shows a spike in prices after Biden began fixing trump's mess.

We tell him that there are a number of factors, many of which are directly or indirectly caused by trump's tariffs.

He argues against that, falsely claiming that China pays the tariffs.

He then changes to American companies 'absorbing' the bulk of the costs.

He offers a link that is supposed to prove that claim, but he redacted the most important part of his 1 year old link.

May 18, 2021
“If the tariffs remain in place, pressure on US retailers will likely rise, leading to a greater pass-through to consumer prices,” the agency added.
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This is 100% Biden's inflation?

That's why I have him on ignore. I can't read this shit anymore.
 
LV426 said:
You came out against the Democratic Party, so...that's you coming out against ALL federal government programs.

You said YOURSELF that you "oppose the Democratic Party".

That means you also oppose the programs the Democratic Party passed into law.

You say you support the programs the Democratic Party passed, but you don't support the Democratic Party?

WHAT?
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Just because I am against BOTH parties - does not mean I am against everything they have ever done.

DUH!!!!!!!!!!!!!!!!!!!

So...you post NO links and have no proof.

EXACTLY as I thought.

LV426 - SHE HATES EVERY CHILD IN THE ENTIRE WORLD.
IS THAT FUCKING SICK OR WHAT???

We are done here.

I have already fed the troll (you) FAR too much today.

Have a nice day...you child hating, sick person..
 
McRocket said:
The world was already entering panic mode by January on Covid-19..
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But not the US!

No, not the US because Trump was downplaying COVID.

And no one was panicking in January, remember? Trump was calling it a hoax.

In fact, in January 2020, Wuhan wasn't even locked down. Wuhan didn't go into a lockdown until February.

The first European country to impose a lockdown, Albania, didn't do so until March 13, 2020, which was two days before the lockdowns started in the US.

IS TIME NOT LINEAR??????
 
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McRocket said:
Just because I am against BOTH parties - does not mean I am against everything they have ever done.
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Yes it absolutely does mean that.

You support the Democratic Party's policies, but you don't support the Democratic Party?

giphy.gif


So you're a fuckin' poseur, then.

Didn't I call you a poseur earlier? And you got mad about it and started screaming about how I hate kids or something to distract from the fact that you are a fuckin' poseur.

Only a poseur would say they support the policies of the party they don't to make it look like they care about kids.

You're doing exactly what Wolverine and PMP did on other threads, lying about yourself to cover for your shitty actions.
 
LV426 said:
Fuel is too high because US companies are price gouging.




Oil companies make more money when the price of oil rises.

That's why they are never going to start new drilling.




What a fucking idiot.

In 2014, oil was priced at $96/barrel, and then what happened in 2015????

In 2015, OPEC announced production increases, which dropped the price of oil to $52/barrel.

In 2016, OPEC increased production again, which dropped the price of oil to $46/barrel.

As a result, over 100 oil companies went bankrupt resulting in a bailout fund that was established in 2016.

Not once during all of that did US oil companies increase their production, but they did decrease it...why do you think that is?
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Every time I link him to this, he ignores it or flees the thread. In one breath he lies about making money on his oil investments. In the next, he lies about the reason oil prices are high, ignoring that his failed investments are the major reason.

https://www.cnn.com/2022/03/24/energy/gas-prices-oil-production-wall-street/index.html



The US oil industry doesn’t appear to be in any rush to come to the rescue of Americans struggling with high gas prices. Oil company CEOs say Wall Street is to blame.
Fifty-nine percent of oil executives said investor pressure to maintain capital discipline is the primary reason publicly traded oil producers are restraining growth, according to a Federal Reserve Bank of Dallas survey released Wednesday.
For years, the boom-to-bust oil industry spent lavishly to fund all-out production growth. US oil output skyrocketed, keeping prices low. Yet sustaining profits proved elusive. Hundreds of oil companies went bankrupt during multiple oil price crashes, leading investors to demand more restraint from energy CEOs.
 
Althea said:
Every time I link him to this, he ignores it or flees the thread. In one breath he lies about making money on his oil investments. In the next, he lies about the reason oil prices are high, ignoring that his failed investments are the major reason.

https://www.cnn.com/2022/03/24/energy/gas-prices-oil-production-wall-street/index.html



The US oil industry doesn’t appear to be in any rush to come to the rescue of Americans struggling with high gas prices. Oil company CEOs say Wall Street is to blame.
Fifty-nine percent of oil executives said investor pressure to maintain capital discipline is the primary reason publicly traded oil producers are restraining growth, according to a Federal Reserve Bank of Dallas survey released Wednesday.
For years, the boom-to-bust oil industry spent lavishly to fund all-out production growth. US oil output skyrocketed, keeping prices low. Yet sustaining profits proved elusive. Hundreds of oil companies went bankrupt during multiple oil price crashes, leading investors to demand more restraint from energy CEOs.
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All these morons like to posture over oil and energy, but not a single one of them is willing to admit that OPEC pulls those strings, not us.
 
LV426 said:
All these morons like to posture over oil and energy, but not a single one of them is willing to admit that OPEC pulls those strings, not us.
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And now American producers admit that they are as bad as OPEC. When we were bragging about being the largest producer of oil, OPEC didn't matter as much.

Until S. Arabia ignored OPEC and single handedly destroyed the U.S. fracking industry.
 
Althea said:
And now American producers admit that they are as bad as OPEC. When we were bragging about being the largest producer of oil, OPEC didn't matter as much.

Until S. Arabia ignored OPEC and single handedly destroyed the U.S. fracking industry.
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Those were good times.

400 natural gas companies went belly-up between 2015-2020 to more than $100B in debt.
 
McRocket said:
Have a nice day.
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See, you want to be Poseur Supreme...which is kinda like Sorcerer Supreme except for douchebags.

You want to take credit for supporting ambiguous and unstated government programs that help kids, but you don't support the Party that passed those programs into law, funds them, and defends them.

So what does that make you?

A fuckin' poseur.

You're someone who wants people to think you care about kids without having to do any of the work of actually caring about them.

You want to take credit for the work the Democratic Party did, the party you have said countless times you don't support and is just as bad as the GOP.

Just as bad as the GOP, you say, yet you support the party's programs and policies?

But you don't support the party.

Just the results of what they do.

Got it.
 
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LV426 said:
Then why are you even posting here?




Fuel is too high because US companies are price gouging.




Oil companies make more money when the price of oil rises.

That's why they are never going to start new drilling.




What a fucking idiot.

In 2014, oil was priced at $96/barrel, and then what happened in 2015????

In 2015, OPEC announced production increases, which dropped the price of oil to $52/barrel.

In 2016, OPEC increased production again, which dropped the price of oil to $46/barrel.

As a result, over 100 oil companies went bankrupt resulting in a bailout fund that was established in 2016.

Not once during all of that did US oil companies increase their production, but they did decrease it...why do you think that is?
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Wrong again Oil production went up every year from 2008 until 2020 then it started declining.:laugh:

Extracting oil from shale is more expensive. OPEC was trying to drive the price of oil down to put shale oil producers out of business.
You do realize that there are over 9,000 independent oil producers in the US and sometimes a couple of dry holes is enough to bankrupt some of them.


The U.S. Internal Revenue Code section 613A(d) defines an independent producer as a producer who does not have more than $5 million in retail sales of oil and gas in a year or who does not refine more than an average of 75,000 barrels per day of crude oil during a given year. There are about 9,000 independent oil and natural gas producers in the United States. These companies operate in 33 states and the offshore and employ an average of just 12 people.

Independent producers develop 91 percent of the wells in the United States – producing 83 percent of America’s oil and 90 percent of America’s natural gas. Independents can be small family companies or publicly traded companies. These companies efforts account for 3 percent of the United States’ Gross Domestic Product and they reinvest billions of dollars back into the American economy to discover and to produce more energy in the most cost-efficient ways. As the infographics below illustrate, IPAA members play a critical role in the nation’s overall economic vitality and energy security.
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https://www.ipaa.org/independent-pr...t 9,000 independent,average of just 12 people.
 
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ExpressLane said:
Extracting oil from shale is more expensive OPEC was trying to drive the price of oil down to put shale oil producers out of business.
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OK, now you get it!

Welcome to the conversation!

So OK, if OPEC did that to bankrupt shale producers, wouldn't they do the same thing to non-shale US oil companies in order to protect their commodity?

Which means that NOTHING WE DO will have any meaningful or long-lasting impact on the price per barrel because OPEC can just flip a switch and bankrupt everyone here overnight.

So when you screech stupidly like a barnyard animal about Biden and permits and all this horseshit, that's just a fucking distraction because it's all under OPEC's control, ultimately.

Which means you're fucking lying on JPP about it being Biden's fault or problem.
 
ExpressLane said:
You do realize that there are over 9,000 independent oil producers in the US and sometimes a couple of dry holes is enough to bankrupt some of them.
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OK, but you also realize that dramatically increased supply by OPEC can bankrupt ALL OF THEM, right?

So let's say OPEC doesn't like all this talk about US "energy independence" and they want to keep us on the tit, so they increase production so much that it drives the price per barrel down to just $10.

So what happens to the "9,000 independent oil producers in the US" if OPEC ramps up production and drives the price per barrel down to $10?
 
LV426 said:
OK, but you also realize that dramatically increased supply by OPEC can bankrupt ALL OF THEM, right?

So let's say OPEC doesn't like all this talk about US "energy independence" and they want to keep us on the tit, so they increase production so much that it drives the price per barrel down to just $10.

So what happens to the "9,000 independent oil producers in the US" if OPEC ramps up production and drives the price per barrel down to $10?
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You do realize the US is the world's largest producer of oil and gas. But yes OPEC has the capacity to effect the price of oil. The US produces about 150% of the oil and gas everyday than Saudi Arabia does. If we really ramped up oil production the price of oil would go down.
 
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