Into the Night
Verified User
There's that Marxist 'we' again! Good. I don't want to grow up with your Marxism.
You are not this country, Tball.
Once again, Trump is being handed a good and growing economy on a silver platter
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Into the Night
Verified User
Maybe your daughter should stop sponging off the government.
Into the Night
Verified User
There is no reason to import ANY oil.
The price of oil futures is dropping, and along with it the price of gasoline futures.
The high inflation was by DEMOCRATS. DON'T TRY TO BLAME YOUR PROBLEMS ON TRUMP!
Stop making shit up.
The price of gasoline and oil futures is dropping, Tball.
What tariffs? There are no tariffs on oil. The United States does not import oil from China.
Prices are higher due to high inflation, caused by DEMOCRATS, Tball.
Try English. It works better.
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Tbird19482
Verified User
Just one simple question for you,
IF we use almost 20 MBPD and are only producing just over 13 MBPD where do you think that 6 or 7 MBPD comes from OUT OF THE AIR.
YES we NEED to import oil because we are not producing as much as we use.
YOU really are A DUMB FUCK AREN'T YOU
Into the Night
Verified User
No. Out of the ground.
Because of DEMOCRAT overregulations and fascism.
Mantra 1a. Lame.
LIES LIES LIES LIES LIES LIES LIES LIESHow Is the Economy Doing?
The current economy is defined by strong economic growth, a softening labor market and slowing inflation.
The state of the U.S. economy is strong despite inflation remaining elevated. The economy is expanding at a crisp pace, the labor market is loosening slightly and inflation is slowing from its peak. The Federal Reserve looks at several economic indicators — along with the stock market — to form a better picture of the economy and make decisions on interest rates.
Is the U.S. economy growing?
Q3 2024 Real GDP: 2.8%
What is the U.S. unemployment rate?
October unemployment rate: 4.1%
How fast are wages growing?
Wage growth rate: 4.6%
Is inflation going down?
October CPI Inflation rate: 2.6
How Is the Economy Doing? - NerdWallet
The state of the economy is generally strong and inflation is slowing down, but still remains elevated. The Federal Reserve is looking at key economic indicators to signal it’s time to cut rates.www.nerdwallet.com
TRUTH
Leading Indicators Declined 4Q
Based on the provided search results, here is a summary of the leading indicators’ performance over the last 4 quarters:- According to The Conference Board’s Leading Economic Index (LEI), the index fell in December 2023, marking the 11th consecutive monthly decline. While some components improved, manufacturing, high interest rates, and low consumer confidence outweighed these gains.
- In January 2024, the LEI fell slightly, continuing to signal underlying weakness in the economy. Although six out of 10 components made positive contributions, weak conditions in manufacturing, high interest rates, and low consumer confidence offset these improvements.
- The same trend is observed in the previous quarters:
- Q3 2023: The LEI continued to soften, contracting by 2.9% over the past six months, down from 4.3% for the prior six-month period.
- Q2 2023: The LEI fell sharply again, continuing to signal recession for the US economy in the near term.
- Q1 2023: The LEI declined, with widespread weakness among leading indicators indicating deteriorating conditions for labor markets, manufacturing, housing construction, and financial markets in the months ahead.
Source: Brave AI
Tbird19482
Verified User
YOU can't just say I need 7 MBPD and it will just appear.
It will take YEARS and YEARS for the US oil industry to be able to produce that much, it has taken them almost 4 years to increase their production about 1 1/2 to about 2 MBPD , how are they going to increase it another 6 to 7 MBPD over night?
And Trumps " drill baby drill " won't even put a dent in making up that 7 or so MBPD we need to meet our demands today and with more and more cars being put on the road everyday it may never happen
SO we do NEED to import oil and may have to for a long long time.
SO when you say we do not need to import oil you lied, but you lie all the time anyways.
Tbird19482
Verified User
But you said there isn't any reason to import oil,
Well I guess there will have to be millions and millions of people who drive stop driving for that to be true.
There you go lying AGAIN.
T. A. Gardner
Thread Killer
What's the alternative? If the US can increase oil and gas production, it should.
Matt Dillon
Semolina comes from wheat
Not if you add arrogance and hubris to the equation.
Matt Dillon
Semolina comes from wheat
Fuck Economists. They're probably commie economists anyway.Well Economists are saying if Trump puts his tariffs in place it will cause inflation and may put us into a deep recession / depression.
and you know for sure the MAGA will cry like babies , they did with Biden inflation and that was what 9% wait for 20.30.40% increases , those increases will make the Biden inflation look like pennies.
Matt Dillon
Semolina comes from wheat
What is EO 13990?
The American oil situation is going to improve so fast your little commie head will spin.
Tbird19482
Verified User
I never said it shouldn't did I?
Well we aren't going to just stop driving and we don't have a real good rail system for people to use so we are just going to have to keep on importing oil.
and I was responding to brain dead " into the night " , he said we didn't need to import any oil right now, well we use about 20 MBPD and we only are producing a little over 23 MBPD , so I asked him where is that 7 MBPD or so going to come from out of the air?
Tbird19482
Verified User
well those people you are saying may be commies know a hell of a LOT more about the economy they you will ever know.
T. A. Gardner
Thread Killer
The US will never have a good rail system. Aircraft make far more sense for long distance travel. While 7 million barrels may not be possible, it is possible to up production beyond what it is now. Another thing the US could do to help that is build one or more new refineries. Those are the real bottleneck here.
Matt Dillon
Semolina comes from wheat
I'm willing to wager I know a little more about The English Language than you do.
Actually I know as much as anyone needs to. Apparently you do not.
What is EO 13990? Hmm? What does it do? What does it say? HMM?
Tbird19482
Verified User
What are you talking about EO 13990?
Trying to derail the thread ?
Explain what the fuck you are talking about.
And for the amount of oil we consume every day it is going to take a lot more years then you think.
Especially if the price on the world market drops to where the US coil drillers and producers can't make any money drilling, they will shut down and then your back to square one again.
A lot of it has to do with world supply and demand . and if the Saudis and Russia get into another oil price war and it is looking like they may then oil prices will drop and US oil drillers and producers will shut their stuff down and US oil output will drop again.
Matt Dillon
Semolina comes from wheat
Read it and STFU, you ignorant shitstick. US should be oil dominant, but EO 13990 went exactly against that.
Tbird19482
Verified User
Well first of all I never said it wasn't possible to increase it more, a lot of that has to do with world production and demand.
As I said in my last post the Saudis are playing around with the idea of another oil price war with Russia, if that happen they will flood the market and the price will drop a LOT and the US oil producers will not be able to compete and will shut down .
And again right now the US oil companies have been making record profits year over year BILLIONS and BILLIONS of dollars . it sounds like you think the US TAXPAYER should help them pay for building another refinery or two so they can make billions more in profit.
YES I agree we could use a few more refineries but NOT at taxpayers expense.
Tbird19482
Verified User
FUCK YOU post it and I will ASSHOLE