Here We Go Again (The Carter Nightmare)

No, they're not. Money is only valuable because it can be used to acquire other things, like a gallon of gas or a loaf of bread. If you have doubled your "income", but that amount will only let you buy half of what you used to be able to buy before you got that "raise", you're screwed.

Look at it like this... I am, literally, a trillionaire. Yes, I own $1,000,000,000,000 in cold, hard, government issued paper money. However the government who issued it is Zimbabwe, and you can buy even bigger Zimbabwe paper money (meaning larger amounts), on Ebay, right now, for $10-20 USD. I paid less than $10 USD for my $1,000,000,000,000 in Zimbabwe Dollars. But it ain't even worth what I paid for it, if you look at exchange rates. I can't use it to buy a thing, and if I could, it might get me 2 cups of Starbucks Coffee. Maybe. It's the purchasing power, not the dollar amount, that is important. Otherwise I would already own multiple business jets to jetset around the world to visit my multi-billion dollar homes (if you're gonna do it, do it right, no??), and ride on one of my dozens of multi-million/billion yachts. But I can't do all that because the number is not relevant.

The very fact that this needs to be explained makes me curious if I'm talking with a 5-year-old.

 

Sorry to break it to you but Warp Speed is the truth and it worked and saved millions of lives.

 

Now you need to tell the rest of the story. The date on your article: Apr 5, 2020

Trump accurately saw a disaster rapidly approaching and got in front of it.

• 15 days later, oil crashed to MINUS $37/barrel, meaning you have pay customers to take your oil so that you can clear the conveyances and keep product flowing.
• The NEXT day, thanks to Trump's fast action, prices had resumed their place on the right side of zero and we did not have a lock of global oil supplies.

Too bad we didn't have a president with a brain while the LA/Long Beach Harbor locked up.

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Bidenflation: "According to the U.S. Energy Information Administration, heating costs for American families will increase by 54 percent this winter, making it the most expensive in over a decade. Given President Biden's statements on the 2020 campaign trail, where he launched a war on domestic energy production, this was entirely predictable." This is after the Bidenflation wage cuts, now soaring energy prices during the depths of a cold cold winter. Biden though, he'll be nice and warm and he'll have lots of money.

They want sky high energy prices.

They want Americans miserable and dependent on them for handouts, which they will grant in exchange for complete submission and unquestioned obedience. America has a big double FU, both hands lifted high into their arrogant privileged faces.

 

Sky High Energy Prices: Less fuel, higher prices

These clowns are gas-lighters, it's time for change.

 

Heading nowhere, but at 6.3% after being handed a 4.7% rate by the GREAT Obama!

 

As usual, you didn't look at the cites.

You just spouted Trump BS one more time.

The "good guys" are the scientists, not the pols spending our money. The other "good guys" are the medical folks on the frontline. We're overwhelming them with sick people.

 

are you telling me Trump lied to us, were not enegy indipendent

yep, Trump should of kept out of it

 

Not according to the anti-vaxers who claim
"Data shows more people have died because of the Covid vaccines in 6 months than people who have died of COVID-19 in 15 months”
World Health Organization (WHO).

 

Cancelling Keystone was a sop to the environmentalists.

Joe hasn't been President long enough to have impacted production.

 

Yesterday I made 9.00 an hour, today I make 9.50 an hour. Sorry but that's a raise.

 

Here are the official numbers from EIA. Remember that the Jones Act does not allow foreign tankers to ship crude from the Gulf, where there may be a surplus of crude, to East Coast Refineries where crude is needed to fill refinery capacity. Since US flagged tankers have historically been tied up on the West Coast, Oil is exported from the Gulf and Imported to supply East Coast refineries.
Some reporting of US consumption use proxies that don't account for the fact that we 'contract out' refinery capacity to process Mexican crude oil. The proxy used just looks at the disappearance of crude and, in some cases, falsely attributes it to an oil import and US consumption.

 

This is likely where you got your consumption number from --- not crude oil consumption ---

Your 20 million bpd includes alot more than crude consumption and more than petroleum product consumption.

 

1) Never heard the saying "Sucker born every minute" ? -- It takes a rather gullible sort to be surprised that some politician has lied to them -- or "stretched the Truth" - this holdes doubly true for Trump

2) "Energy" .. and "Oil" are two different things. In terms of oil .. the numbers are the numbers.. we consume ~ 20 million bpd and produce roughly 11. Why didnT you just look the numbers up if you were confused ? - not like they are hard to find.

 

The number in the chart for oil production is wrong .. is 11,500 according to the EIA https://www.eia.gov/dnav/pet/PET_SUM_SNDW_A_EPC0_FPF_MBBLPD_W.htm 11.5 Million bpd.

 

https://www.eia.gov/tools/faqs/faq.php?id=33&t=6

The lower number is due to covid .. 2021 is going to be closer to 20 .

 

At last, someone who appears to know what he's talking about, although I'm not knowledgeable enough to be 100% sure.

And I would suggest all posters, (i.e. close to 100% of us) who are no expert in that very complex matter to abstain from expressing their opinions mostly, if not exclusively, based on political prejudice.

Mircea, afaic, you're welcome to post a more thorough lecture on that matter anytime.

 

Stimulus checks to bear Trump’s name in unprecedented move
https://apnews.com/article/virus-ou...-ap-top-news-8eafb90e92a676278a5644a2b72b734c

 

Trump loved Free money ... havn't seen such crazy fiscal irresponsibility since Reagan -- massive deficit spenders they were -- leaving blue with the mess in the case of Clinton/Obama.

This time is different .. Smokin Joe has broke away from the trend -- has doubled down on Red's habit of fiscal irresponsibility ..achieved a new world record he has...

 

The not so subtle difference being Trump's helicopter money largely benefited the rich (and was designed to do so despite his lies to the contrary) while Biden's is designed to help the country as a whole while attempting to make it deficit neutral by taxing those who got a windfall from Trump's tax cuts.

 

Actually, the problem lies in the definitions of crude oil and petroleum. The terms are used interchangeably, but they aren't interchangeable. Petroleum includes crude oil and dissolved gases that are referred to as "Natural Gas Liquids". In 2019, production included 10.941M bpd crude oil + 4.825M bpd natural gas liquids for a total of 17.114M bpd petroleum.

https://www.eia.gov/totalenergy/data/monthly/

So much for conspiracy theories.

 

1) No .. your mostly wrong --- a whole lot of Trumps deficit increased went to military spending.
2) Every politician claims deficit neutrality -- only the moron's believe these clowns.

 

Your link does not support your claim ... and your math is wrong 10.9 and 4.8 = 15.7 ... not 17.1 .... but neither add up to 20 million bpd consumption. .. and we are not talking about Coal and nuclear power.

 

Brilliant. Again getting a biased source to make a point. Same guys that deny climate change. Also, this is from your source: "U.S. energy production in 2019 was higher than U.S. energy consumption for the first time in 62 years. Thus, the U.S. attained the long-held goal of “energy independence”—which is not to say that we did not import or export energy, but that we produced more energy than we used." That quote goes to prove the other poster on this threads point that, sure, we're producing oil....but it's dirty oil

So stopping a pipeline that wasn't finished and would not be used for oil in this country had what effect? I'll help you.....none.

My statement........and........your answer
He did no such thing. He did get a lot of people killed though
Yep he did.

Ok, you don't agree Trump's insane but you do agree he's a con man. You're showing improvement.

Well if we have this one person in this huge government we have that can (apparently) fix a problem we should have elected them President.

So, if he was sick with an illness, you wouldn't have a problem with him not being on the job but because he took a parental leave, you have a problem. Sad

 

Click on the link
Click on petroleum
Click on PDF under overview

So why did you choose 2018 when I cited 2019?

 

I gave you the numbers .. and linked to them .. From the EIA .. We consume 20 million bpd of Oil -- we produce about 11.5 .. even if you include gas "which they mentoned Gas derivatives which I don't think is LNG" it is a small amount of the 20 million total.

And what friggen difference does it make whether 2018 or 2019 ??? given it is roughly the same for the purposes of this discussion ... and has nothing to do with what I was discussing .. which supported your position against Freshi .. or perhaps you didn't realize it ... don't know ..

Mass Balance .. adding imports exports into the equation only muddles things .. as some of the oil we import .. we export ...

How much do we consume .. how much do we produce .. the only two numbers you need .. Consumption is 20 Billion (which includes at most 2 Billion from "derivatives") think 20.6 is th 10 year average and has remained relatively constant .. so who cares 2018-2019 unless you don't know what you are talking about ...

If you want to talk Total "Energy" .. which one of your links were referring --- is a different story .. Keep it simple .. We consume X - Produce Y.

As far as imports is concerned ... we should not be importing any oil from outside our domestic economic region "USA-Canada" for environmental reasons.