May 11, 20223 yr 13 minutes ago, EaglesRocker97 said: Putting things in the proper context really hurts Trumpbots The proper context being that the historically high inflation last month was ever so slightly less than the historically high inflation the month before. Yeah, we’re super duper dumb for not celebrating that as the big news of the day like you are. You really think that.
May 11, 20223 yr 12 minutes ago, JohnSnowsHair said: You guys do realize that even if prices don't change at all month-to-month that the reported number will be high for a while? Unfortunately I don't actually expect that number to stay low. Diesel is in crisis, and that's going to cause price pressure across the board. You do realize that prices have gone up since last month, right?
May 11, 20223 yr 3 minutes ago, The_Omega said: The proper context being that the historically high inflation last month was ever so slightly less than the historically high inflation the month before. Yeah, we’re super duper dumb for not celebrating that as the big news of the day like you are. You really think that. You conveniently left out the fact that inflation slowed from the prior month, which is notable but extremely inconvenient for your narrative.
May 11, 20223 yr Just now, The_Omega said: You do realize that prices have gone up since last month, right? Yes. 0.3%, which puts the annualized number somewhere in the 3.6% range. Which, last I checked, was lower than 8.3%, which is the price change since April 2021. The 8.3% is a rolling average more or less of the last year. ~3.6% is what inflation would be if the price changes we specifically saw in April were repeated for 12 months. What likely accounts for that is the short term relief we saw in April on gas prices. But those have shifted dramatically upward in May so far. So don't worry, there's more inflation you'll be able to cheer for in a month.
May 11, 20223 yr 2 minutes ago, The_Omega said: You do realize that prices have gone up since last month, right? Oh, so now you're expecting deflation? That is not a common occurrence and only typically happens during recession. So, you want a recession, is that right?
May 11, 20223 yr Idiot Trumpbots have zero capability of arguing logically, whenever you corner them, they fall back on memes and dumb jokes.
May 11, 20223 yr 8 minutes ago, EaglesRocker97 said: Idiot Trumpbots have zero capability of arguing logically, whenever you corner them, they fall back on memes and dumb jokes.
May 11, 20223 yr 3 minutes ago, Paul852 said: Even a triggered Hendrix looks cool. Gotta admit it works better than most of them
May 11, 20223 yr Keep it up - next we'll talk about Florida, really get your purse swinging (and your ass sweating)
May 11, 20223 yr 3 hours ago, Toastrel said: Half the morons here: "I have no clue how global oil prices work." Global Oil Prices are speculated based on supply and demand and future production speculation - WORLDWIDE. When the incoming President reverses the deregulations of the previous regime, and again halts new leases for drilling, cancels a pipeline, this has a negative affect on FUTURE supply of oil (and speculation of FUTURE oil production), as now there will be less supply from the US in the Future. Since the US government was now slowing it. This affects the WORLD WIDE SPECULATION, since the US was now exporting More oil than importing. To be fair some of the rise was due to increased demand, with coming out of the Pandemic (something which we should/could have accounted for by allowing more drilling and production, not less) , and now we have added Ukraine/Russia issue to compound the issue. It's pretty simple, if the US were to allow more leases, more drilling, continue to build the pipeline, the Future speculation on OIL production world wide, would be more favorable, lowering the price. EDIT- also to be fair and full disclosure- OPEC also decided to slow production down due to oevr supply during the Pandemic. This also had some impact. Couple that along with the US slow down- and here is where we are
May 11, 20223 yr 45 minutes ago, The_Omega said: The proper context being that the historically high inflation last month was ever so slightly less than the historically high inflation the month before. Yeah, we’re super duper dumb for not celebrating that as the big news of the day like you are. You really think that. I didn't tell you to celebrate anything, numbnuts. I gave the full context of the report, and .3% month-over-month is not historically high. In fact, it tracks around the average monthly rate of where inflation was before the pandemic.
May 11, 20223 yr 4 minutes ago, Ipiggles said: Global Oil Prices are speculated based on supply and demand and future production speculation - WORLDWIDE. When the incoming President reverses the deregulations of the previous regime, and again halts new leases for drilling, cancels a pipeline, this has a negative affect on FUTURE supply of oil (and speculation of FUTURE oil production), as now there will be less supply from the US in the Future. Since the US government was now slowing it. This causes prices to rise. To be fair some of the rise was due to increased demand, with coming out of the Pandemic (something which we should/could have accounted for by allowing more drilling and production, not less) , and now we have added Ukraine/Russia issue to compound the issue. It's pretty simple, if the US were to allow more leases, more drilling, continue to build the pipeline, the Future speculation on OIL production world wide, would be more favorable, lowering the price. Do you really think that minor change to the keystone pipeline is that big of a deal ?? Additionally, this project was not going to have the windfall for the US that was talked about. https://www.desmog.com/2017/02/13/abramovitch-putin-keystone-xl-steel/ DeSmog has uncovered that 40 percent of the steel created so far was manufactured in Canada by a subsidiary of Evraz, a company 31-percent owned by Russian oligarch Roman Abramovich, who is a close ally of Putin and a Trump family friend. Evraz has also actively lobbied against provisions which would mandate that Keystone XL‘s steel be made in the U.S.
May 11, 20223 yr 10 minutes ago, mikemack8 said: purse swinging Loser Mike can't even come up with his own insults. Always hanging off other posters' nutsacks. What a chode
May 11, 20223 yr Just now, downundermike said: Do you really think that minor change to the keystone pipeline is that big of a deal ?? Additionally, this project was not going to have the windfall for the US that was talked about. https://www.desmog.com/2017/02/13/abramovitch-putin-keystone-xl-steel/ It def plays a part. The cost to move that OIL now, goes up, trucking cost rise with oil/gas prices. And it's about the cost and production of the OIL. It is a world wide market, doesn't matter where it's going, what matters is how much and at what cost.
May 11, 20223 yr 2 minutes ago, Ipiggles said: It def plays a part. The cost to move that OIL now, goes up, trucking cost rise with oil/gas prices. And it's about the cost and production of the OIL. It is a world wide market, doesn't matter where it's going, what matters is how much and at what cost. Just so we are clear, you are aware the keystone pipeline was running long before the XL portion was proposed, and all of the Canadian supply was still getting to the refineries in Texas, correct ??
May 11, 20223 yr 56 minutes ago, JohnSnowsHair said: Yes. So you’re using hypotheticals vs reality to spin and demonstrate your hypothetical (vs real) intellectual superiority.
May 11, 20223 yr 25 minutes ago, Ipiggles said: It def plays a part. The cost to move that OIL now, goes up, trucking cost rise with oil/gas prices. And it's about the cost and production of the OIL. It is a world wide market, doesn't matter where it's going, what matters is how much and at what cost. What part does it play on GLOBAL oil prices? If it were up and running, how would that change global oil prices today?
May 11, 20223 yr If Biden ends the Trump Tariff's against China, it may have big impact on inflation. But Tarriff's are good and easy to win. So there's that. LOL.
May 11, 20223 yr 26 minutes ago, downundermike said: Just so we are clear, you are aware the keystone pipeline was running long before the XL portion was proposed, and all of the Canadian supply was still getting to the refineries in Texas, correct ?? yes... and?
May 11, 20223 yr 4 minutes ago, Toastrel said: What part does it play on GLOBAL oil prices? If it were up and running, how would that change global oil prices today? And you were the one trying to claim others dont realize how the OIL market operates?
Create an account or sign in to comment