May 26, 20224 yr First-quarter GDP declined at a 1.5% annual pace, worse than the 1.3% Dow Jones estimate and a write-down from the initially reported 1.4%. The pullback in gross domestic product represented the worst quarter since the pandemic-scarred Q2 of 2020. Initial jobless claims totaled 210,000, a decline of 8,000 from the previous week.
May 27, 20224 yr 9 hours ago, dawkins4prez said: Because Putin marching through Europe undeterred would have been awesome for the economy, amiright? If Bubblehead wasn't in office, and we had a Republican president, Putin never would have invaded Ukraine. Having Bubblehead occupy the White House invites aggression from rogue regimes.
May 27, 20224 yr 15 hours ago, JohnSnowsHair said: LOL we have a few more natural resources than the UK to bring our prices down. Cruz may have his flaws, but he absolutely lays it out on this one.
May 27, 20224 yr 4 hours ago, Diehardfan said: LOL we have a few more natural resources than the UK to bring our prices down. Cruz may have his flaws, but he absolutely lays it out on this one. Oil is a global commodity. And the US was a net exporter of oil in 2021. Narrative fail.
May 27, 20224 yr 39 minutes ago, NCTANK said: people are getting tired of paying for excuses Going to have to get used to paying, I'm paying $8.60 a gallon right now
May 27, 20224 yr 34 minutes ago, DrPhilly said: Going to have to get used to paying, I'm paying $8.60 a gallon right now Yup, the party's over. The end has been nigh, Ukraine just did us in earlier than expected.
May 27, 20224 yr 16 minutes ago, EaglesRocker97 said: Yup, the party's over. The end has been nigh, Ukraine just did us in earlier than expected. The inflation was coming Ukraine or no Ukraine. However, I'm pretty sure Ukraine drives it up faster and higher and that it will take longer to get out of it.
May 27, 20224 yr 4 minutes ago, DrPhilly said: The inflation was coming Ukraine or no Ukraine. However, I'm pretty sure Ukraine drives it up faster and higher and that it will take longer to get out of it. General inflation was coming, but the price of gas as a commodity was always on track to mushroom during this century. It's derived from a limited resource of increasing scarcity whose extraction and refinement is becoming more and more costly with each passing year. People think it's expensive now, give it another 20 years. Maybe one day people will start seriously considering alternatives...
May 27, 20224 yr 14 minutes ago, EaglesRocker97 said: General inflation was coming, but the price of gas as a commodity was always on track to mushroom during this century. It's derived from a limited resource of increasing scarcity whose extraction and refinement is becoming more and more costly with each passing year. People think it's expensive now, give it another 20 years. Maybe one day people will start seriously considering alternatives... Sure but 20 years of tech is a long time as well. A LOT can happen between now and 2050.
May 27, 20224 yr People always say there is so much that can be done to fix high oil prices. . . Yet OPEC says, "F you" we set the price, and if you morons keep paying the price, regardless, we have no incentive to lower it. This is how it works. If demand is high, they will happily deposit record profits until demand slacks. They cannot store it forever, they have to sell it.
May 27, 20224 yr 4 hours ago, Diehardfan said: Carter wasn't to blame either Not really, especially considering how much greater control OPEC had over the international markets back then.
May 27, 20224 yr 5 hours ago, Toastrel said: People always say there is so much that can be done to fix high oil prices. . . Yet OPEC says, "F you" we set the price, and if you morons keep paying the price, regardless, we have no incentive to lower it. This is how it works. If demand is high, they will happily deposit record profits until demand slacks. They cannot store it forever, they have to sell it. As usual, your brains are stuck up your butt. We had low oil prices through the Trump presidency. People like you kicked and screamed during the entire term. Biden was installed, and now the bottom fell out. But "nothing" can be done to fix. Were you born this stupid, or do you work extra hard at it?
May 27, 20224 yr 5 minutes ago, Procus said: As usual, your brains are stuck up your butt. We had low oil prices through the Trump presidency. People like you kicked and screamed during the entire term. Biden was installed, and now the bottom fell out. But "nothing" can be done to fix. Were you born this stupid, or do you work extra hard at it? Much obliged for you letting everyone know you understand NOTHING about the global price of oil. Please don't molest any pets this weekend.
May 27, 20224 yr 1 hour ago, Toastrel said: Much obliged for you letting everyone know you understand NOTHING about the global price of oil. The global oil expert Many of us were saying that if Biden gets elected, the price of oil will climb, and there will be war. Biden gets elected, the price of oil skyrockets, and we have a war with talk of WWIII. But Toasty is the expert on global oil prices. Ain't that rich.
May 27, 20224 yr 2 minutes ago, Procus said: The global oil expert Many of us were saying that if Biden gets elected, the price of oil will climb, and there will be war. Biden gets elected, the price of oil skyrockets, and we have a war with talk of WWIII. But Toasty is the expert on global oil prices. Ain't that rich. No, I am not an expert. I'm just not a frigging moron of your caliber. Which makes me look like an expert from your point of view, stuck in the dog crap on my boot.
May 27, 20224 yr Just now, Toastrel said: No, I am not an expert. I'm just not a frigging moron of your caliber. Which makes me look like an expert from your point of view, stuck in the dog crap on my boot. No, actually I was ridiculing you for looking and behaving like a fool - as you just did again with this post.
May 27, 20224 yr On 5/26/2022 at 11:32 AM, dawkins4prez said: I will never understand these "Libertarians' who think the POTUS is the CEO of the Global economy. Eh, it’s the Fed Chair mostly. 7 hours ago, EaglesRocker97 said: General inflation was coming, but the price of gas as a commodity was always on track to mushroom during this century. It's derived from a limited resource of increasing scarcity whose extraction and refinement is becoming more and more costly with each passing year. People think it's expensive now, give it another 20 years. Maybe one day people will start seriously considering alternatives... First of all, oil is becoming MORE abundant, not less. Proven oil reserves have more than doubled over the last 40 years. Second of all, extraction and refinement costs are increasing mostly because of self imposed regulatory issues. It’s not like technology doesn’t improve and make things cheaper in a vacuum. It’s that one political ideology does everything they can to fight its use.
May 27, 20224 yr 2 hours ago, Procus said: As usual, your brains are stuck up your butt. We had low oil prices through the Trump presidency. People like you kicked and screamed during the entire term. Biden was installed, and now the bottom fell out. But "nothing" can be done to fix. Were you born this stupid, or do you work extra hard at it? It must be incredibly freeing to be as stupid as you. No need to examine any situation behind the superficial.
May 27, 20224 yr 1 hour ago, Procus said: The global oil expert Many of us were saying that if Biden gets elected, the price of oil will climb, and there will be war. Biden gets elected, the price of oil skyrockets, and we have a war with talk of WWIII. But Toasty is the expert on global oil prices. Ain't that rich. These are the comments that you make when you don't know wtf you are talking about lol. Your tells are both obvious and plentiful.
May 27, 20224 yr So, last August, I made smoked pork butt, which I purchased from a local butcher for $3.99/lb. This weekend, I'm doing the same deal, and I bought it from the same butcher...for $2.89/lb. Quality looks the same. If this is Biden's America, I can dig it!
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