October surprise? Why OPEC's planned price hike could pummel Democrats

[Althea]

About 50% of that OPEC cut is just on paper since most of the nation's could not meet their current allotment.

Nevertheless, Wall St. was busy today.

 

[Hawkeye10]

The production cut does not happen till NOV, and will take a month or so to work its way through the system.

 

[Flash]

Nevertheless, Wall St. was busy today.

Marijuana stocks....

 

[Flash]

Yeah, some folks on the Right just get going and they have to list out all their favorite bugbears (a list given to them by Trump) and it was China's time to come up even though this is probably completely unrelated to China.

The important thing is to complain about SOMEONE SOMEWHERE WHO ISN'T US (and by "us" obviously I only mean the good people who are Trump Lickspittles)

China has to come up so they can get Hunter Biden in the picture somewhere.

 

[Hawkeye10]

China has to come up so they can get Hunter Biden in the picture somewhere.

Not everyone is as dishonest and shallow as you are.

 

[Flash]

Not everyone is as dishonest and shallow as you are.

Great, so you don't think Hunter has anything to do with all this. That makes us both honest.

 

[Hawkeye10]

Great, so you don't think Hunter has anything to do with all this. That makes us both honest.

That is not what I said.

 

[Flash]

That is not what I said.

You do or don't think Hunter has anything to do with it?

 

[PostmodernProphet]

Yeah, some folks on the Right just get going and they have to list out all their favorite bugbears (a list given to them by Trump) and it was China's time to come up even though this is probably completely unrelated to China.

The important thing is to complain about SOMEONE SOMEWHERE WHO ISN'T US (and by "us" obviously I only mean the good people who are Trump Lickspittles)

Hawkeye isn't "right"......he's pure Chinese propaganda....

 

[Into the Night]

I don't think Canada is a drop in the bucket,

Think again.

as Russia, Saudi Arabia, and the United States are the major 3, and they all produce over 10,000 barrels a day of crude.

Argument from randU fallacies. Making up numbers and using them as data is a fallacy, dude.

Funny, as we have not heard from Exxon/Mobile or any of the other American companies saying they were going to take up the slack and produce more oil!

They can't, thanks to Biden.

Most especially since the American Oil companies are not acting on over 3500 leases now, and not because of the price- as the price of crude is still well up over 100 a barrel- WHERE THEY WANTED IT ALL ALONG!

They can't, thanks to Biden. Argument from randU fallacy.

SO IN MY OPINION, AMERICAN OIL COMPANIES ARE JUST SITTING THERE IDLE PLAYING POLITICS INSTEAD OF SHOWING INTEREST IN HELPING AMERICA GET THROUGH THE CRISIS BEING POISED BY THE SAUDIS!

The States don't import much oil from the Saudis.

American Independence my ass! This claim that Trump brought Oil Independence to America for the first time is total BULLSHIT!

Denial of history.

As American oil producers actually purchased even more oil from the Saudis and Russia all through the TRUMP administration- in record proportions, more than ever before TRUMP became president.

Lie.

Watch now how the American oil producing companies will sit and watch the price of crude go up to 150 or more a barrel- then they will start sucking more oil out of the ground again- as if they are trying to suck-start a Harley!

So...according to you, they are voluntarily putting themselves out of business by not selling product. Gotit.

Dude, American Oil companies are only looking after their own CEO's wallets and couldn't give one squirt of runny shit about HOW MUCH GASOLINE IS GOING TO COST THE AVERAGE AMERICAN!

So every oil worker is a slave. Gotit.

American Oil companies are UGLY AMERICANS in bed with the UGLY REPUBLICANS who, because of Donald CORRUPTED Trump, is now in bed with RUSSIA AND THE SAUDIS!

You really hate America, don't you?

Traitors- all of you! In bed with our worst enemies now!

More meaningless buzzword. You have no idea what 'traitor' even means.

THIS IS ALL GOING TO BACKFIRE- AS THE WORLD GETS MORE CORRUPTED IN THIS TRUMP ERA, AND NOW INVOLVING AMERICAN OIL PRODUCERS JUMPING IN BED WITH OUR ENEMIES TO FORCE THE PRICE OF CRUDE UP- IS ONLY GOING TO PUSH MORE PEOPLE TO BUY ELECTRIC AND OTHER ENVIRONMENTALLY FRIENDLY ALTERNATIVE FUEL DRIVEN AUTOMOBILES.

EV's are not environmentally friendly, they are inconvenient, and expensive.

YOU GET WHAT YOU ASKED FOR!

That I do. I can refuel my vehicles in just a few minutes, making all day service and open road travel practical. They are cheaper too. And they use a renewable fuel, called gasoline and oil.

 

[Into the Night]

Let me ask you this, there are environmentalists who celebrate higher gas prices because they believe people will drive less, buy more fuel efficient cars and make transitioning to alternative energy sources more economically viable. We believe that in California where we put massive taxes on fuel and all kinds of regulations that drive up energy costs in the name of combatting climate change. If the hardest working Americans are economically harmed by that then that's the price we have to pay (they should have gone to college).

And shouldn't this action by the Saudi's help in the long run get us off fossil fuels faster? So from that perspective is this a bad thing what the Saudi's are doing?

He's arguing a paradox. He's being irrational.

 

[Hawkeye10]

Hawkeye isn't "right"......he's pure Chinese propaganda....

I tell the truth of what I see, and I see very well, because I am one of the few who got educated.

 

[Hawkeye10]

 

[Into the Night]

But, by the same token, those same liberals are also voting FOR improved social safetynets,

Communism.

higher minimum wages,

Price controls, which never work. They always cause shortages.

etc. So in total the LIberal position is better than the Conservative position

No. Socialism never works. It is theft. Only capitalism creates wealth.

which is simply to rejoice anytime a "lib is owned" no matter how.

You simply say this because you are told to say this. It's idiocy.

Even if it harms them as well.

Capitalism doesn't harm.

In many ways that's true. In the 1970's America actually started looking at SMALL CARS for the first time in forever mainly because gas shortages at the time. Again, due to OPEC.

So the popular VW Beetle of the 60's never existed. Right.
OPEC didn't cause anything. Carter's price controls caused fuel shortages.

The key is to push for these changes without leaving people behind. The Liberal position, like it or not, is more internally consistent than the "Own the LIbs at all costs" Conservatives.

Repetition fallacy (chanting). Discard of history.

 

[Into the Night]

Hey, I'm hearing you! SHORT RUN- YES, AMERICA WILL BE IMPACTED BY THE PRICE INCREASE!

But in the longer run- YES, AMERICA WILL DO WHAT WE HAVE TO DO, AND WHAT WE HAVE TO DO EVEN MORE NOW IS MOVE ON THE ALTERNATIVE GREENER FUELS- AND TRULY BECOME INDEPENDENT ON FUEL, NOT JUST CRUDE- AND THE USA WILL BECOME THE MORE ECONOMICALLY SECURE AND HAVING THE BEST ENVIRONMENTALLY SAFEST WAY TO FUEL OUR CARS!

THANKS SAUDIS! THANKS AMERICAN OIL PRODUCERS WHO ARE SITTING ON THEIR HANDS IN TIMES OF ECONOMIC CRISIS CAUSED BY THEIR INSISTENCE TO DO NOTHING ABOUT IT!

You certainly have no concept of physics or chemistry. You can't even define what is a 'greener' fuel.

 

[Into the Night]

I don't work in the oil industry so I'm not going to pretend like I fully understand their business model.

It's an international business. People decide to drill an oil well and pump oil, selling it to the oil companies. Oil companies also drill their own wells.
Oil companies generally buy oil from drillers, then refine that oil into various products, including gasoline. They generally provide for all the shipping costs and marketing costs of getting that product to end users.

I do know they exist to extract oil but I also know that their projects take long term planning and execution and generally aren't things you are start and stop on a whim.

Quite right, including the independent drillers (most oil wells are owned by independent drillers.

So if I'm an oil guy and I hear all this anti fossil fuel rhetoric coming from the highest levels of our government where is my incentive to do anything more than I think I need to do?

You can either choose to live with the fascism or fight it. Remember these are international companies.

It seems a very mix message to me that they are both basically evil for the damage they do to the planet but then are called on to be patriotic and produce more so short term costs come down.

This is one of several paradoxes being argued.

 

[PostmodernProphet]

I tell the truth of what I see, and I see very well, because I am one of the few who got educated.

I'm sure Xi does his best to show you.....

 

[Dutch Uncle]

...OPEC + (+=Russia) announced a 2,000,0000 barrel a day cut . ....

Why do Americans blame either party for the actions of Russia and their Saudi friends?

What is your solution?

 

[Dutch Uncle]

You certainly have no concept of physics or chemistry. You can't even define what is a 'greener' fuel.

^^^
Whines someone with three socks so obvious that he has to be a psycho.

 

[Althea]

Marijuana stocks....

Oil futures