this might be a problem if we already had a shortage of truck drivers.

 

Oh wait. we do.

 

 

It's insane how stupid everyone involved in Biden's administration is. Just unreal.

 

9 minutes ago, Ipiggles said:

 

A year ago there were 310 rigs active in the US, down from ~700 in January 2020.

Now there are 563 rigs active. An increase of 81%.

Getting oil rigs back online is not like flipping a switch. Not that you care, as your only goal is to make this political.

 

Edit: adding reference: https://rigcount.bakerhughes.com/rig-count-overview/

 

Just now, JohnSnowsHair said:

A year ago there were 310 rigs active in the US, down from ~700 in January 2020.

Now there are 563 rigs active. An increase of 81%.

Getting oil rigs back online is not like flipping a switch. Not that you care, as your only goal is to make this political.

You may wish to know, what impact Biden's reversal of the Trump admins deregulation also had on the OIl industry.  But I know that doesn''t fit your narrative. 

Just now, Ipiggles said:

You may wish to know, what impact Biden's reversal of the Trump admins deregulation also had on the OIl industry.  But I know that doesn''t fit your narrative. 

Please, "enlighten" me. 

9 hours ago, Outlaw said:

Lmao you guys are talking about bankruptcy, I’m talking about the single mom with two kids who might not eat the day before payday and needs to drive to work. She’s not thinking about bankruptcy. Not saying your statement is wrong. Medical expenses can make even a solid middle class household go belly up quick. I’m talking about people already belly up. 

So can I assume you support the social programs in place for the single parents needing assistance? Such as food stamps?

Healthcare reform had the goal in mind of keeping households out of that situation and off assistance. There’s a difference between rich people bankruptcy and poor people bankruptcy… poor people don’t get to just go back to business with a new name.

53 minutes ago, Ipiggles said:

You may wish to know, what impact Biden's reversal of the Trump admins deregulation also had on the OIl industry.  But I know that doesn''t fit your narrative. 

Trump lost though.

8 minutes ago, Boogyman said:

Trump lost though.

oh we know. We see it in inflation, Afghanistan, The overreach of the Vaccine Mandate which was thankfully shot down by the courts. Etc...

Trust us, we know the lefties are in charge. 

1 minute ago, Ipiggles said:

oh we know. We see it in inflation, Afghanistan, The overreach of the Vaccine Mandate which was thankfully shot down by the courts. Etc...

Trust us, we know the lefties are in charge. 

We also see it in your tear jerker posts as you cry all day long. It's almost beautiful.

53 minutes ago, MidMoFo said:

So can I assume you support the social programs in place for the single parents needing assistance? Such as food stamps?

Healthcare reform had the goal in mind of keeping households out of that situation and off assistance. There’s a difference between rich people bankruptcy and poor people bankruptcy… poor people don’t get to just go back to business with a new name.

With tightly controlled qualifications, yes I do.

10 hours ago, Dave Moss said:

Medical expenses

 

Top 5 Reasons Why People Go Bankrupt

 

1. GAS PRICEZ!!!!!  Medical Expenses. A study published in the American Journal of Public Health in 2019 found that 66.5% of bankruptcies in the U.S. ...
2. Job Loss. Whether due to layoff, termination or resignation, the loss of income from a job can be equally devastating.
3. Poor or Excess Use of Credit. ...
4. Divorce or Separation. ...
5. Unexpected Expenses. ...

 

fixed with a trump sharpie! 

2 hours ago, JohnSnowsHair said:

Please, "enlighten" me. 

@Ipiggles ?

 

you gonna let john call you out like this and let it go ? what kind of alpha are you ? 

4 minutes ago, Alpha_TATEr said:

@Ipiggles ?

 

you gonna let john call you out like this and let it go ? what kind of alpha are you ? 

he doesn't actually have anything. because he's "informed" by right wing media that just assures him Biden is evil and Trump was a god.

when Biden came in, he issued a moratorium on new leases for drilling. this didn't affect existing leases, many of which were not being utilized yet. so there's not a shortage of drilling options for oil companies. 

at the same time, rigs had gone from 700 down to around 200 during the pandemic, because demand dropped so hard. we haven't even restored the 700 rigs yet - though we've come a long way back to be at 563. and as we bring more back online, something that Biden has not stood in the way of, supply pressures for oil should ease. 

this is the actual story. there are definitely some additional components that vikas brought up about private capital being less inclined to fund shale and tight oil extraction, but none of those are related to any Biden policies. 

but for @Ipiggles facts are not the goal. like his clone Kz and other right-wing partisan hacks here, he already knows the answer he wants: Biden & the liberals are to blame for everything. all that matters is sharing and spinning stories that support that narrative. that's it. 

long term, the Keystone XL pipeline may factor in to supply. but it's worth noting that the oil that Keystone XL would be transporting is rather dirty (look up tar sands oil), and requires significantly more refinement than regular crude. 

and even without Keystone XL, we're still importing a helluva lot of oil from Canada: https://www.reuters.com/business/energy/even-without-keystone-xl-us-set-record-canadian-oil-imports-2021-01-22/

I'm not going to sit here and say that Biden is or has been super friendly to the oil industry. but the reality is that his policy declarations in this regard are limited to a moratorium on new leases, which has already been fought variously in court and he lost. and new leases in the Gulf have just recently been auctioned off, which the Biden administration minimally fought in court but gave up on opposing fairly quickly.

all of the above speaks to an administration whose strategy on oil is to signal that it wants to fight oil expansion through EOs and court battles, but ultimately is going to continue to let the oil industry operate more or less under the status quo. this gives them the ability to message to their base that they're fighting for environment protection policies, while not actually getting much in the way of the industry. 

if you're a dedicated environmentalist, you're pretty pissed at the Biden administration right now because it's been very weak on this, and it's indeed getting dragged by environmental groups. but of course this doesn't change the narrative for right wingers dedicated to ensuring Biden fails regardless. 

27 minutes ago, Alpha_TATEr said:

@Ipiggles ?

 

you gonna let john call you out like this and let it go ? what kind of alpha are you ? 

That would be "alpha" with a "B".

4 minutes ago, mr_hunt said:

Now let's see if his administration is dumb enough to try to enforce more lockdowns like other countries are trying to do. 

11 minutes ago, mr_hunt said:

If you quit your job you can’t file for benefits.  Could have helped.

A record 4.4 million people quit in September as Great Resignation shows no signs of stopping.

 

 

4 minutes ago, Ipiggles said:

 

 

cool, so when are you going to put john snow in his place ? 

 

please explain to him what impact Biden's reversal of the Trump admins deregulation had on the Oil industry.

 

 

People quitting has not slowed demand for goods and services. That's a good thing.

It's too early to know, but I'd speculate that most of those who are quitting fall into two camps:

1. Service workers who are reconsidering their career options, burnt out by pandemic related crunches

2. Workers who embraced remote work and its flexibility who are unwilling to return to the office at levels their employers are demanding of them. So these quits are probably them picking up remote jobs elsewhere. This is happening a LOT.

 

Probably a distant 3rd is boomers who were close to retirement and decided to move up their timetable as they were displaced by the pandemic and unwilling to keep at it elsewhere.

Congrats to Joe Biden!!!

Jobless claims dropped by 71,000 to 199,000, the lowest since mid-November 1969. The drop was much bigger than economists expected.

 

https://www.nbcphiladelphia.com/news/national-international/us-jobless-claims-plunge-to-199000-lowest-in-52-years/3058275/?_osource=SocialFlowFB_PHBrand&fbclid=IwAR0iHI1Kbibrd0VstKXHZGIM0v2VasJj2JoVBDI9sJNIXum6btqk51qXido