If I'm understanding this correctly, yes and no. Before being stopped by Congress, DJT single-handedly arrested the freefall in the price of gas and the underlying crude. Then it found support at that level. Now the national stores will be purchased from domestic producers. Even though that's at a higher price, it will stay in the US economy and (arguably) do more good.
The irony I'm seeing is Congress stopped US from topping off our national stores at the lowest price because they "didn't want to bail out the oil companies." Which it wouldn't have bailed anybody out, and certainly not any US company. Now, this is directly bailing out the whole US oil industry,lol. I have to pour through this to see if Nasty Nancy can undo this. (I hope not)
I haven’t heard this before, but that’s about the most concise way to put it. Sure, all of us that aren’t working Oil & NG, we’re gonna love the low demand, cheap oil/gasoline prices that’s already starting to happen. But our POTUS is no idiot, he realizes if they drop too low then big companies who employ thousands will have to start laying people off out of necessity due to the sharp price drop, so he’s trying to find a favorable balance, and prevent a catastrophe from getting unnecessarily even worse, despite us also not even relying on OPEC to begin with. As the joke goes: $20 is $20 so he’s aware companies will buy $20 barrels from overseas instead of putting in the effort to harvest & produce ourselves (which creates jobs). Well said, and I just word vomited your sentiment because I have a lot of trouble with brevity.
"I'll buy up all the oil you'll sell at 20$ a pop and you'll regret ever doing this when I dump that stuff back on the market for 10$ if our oil companies go bankrupt."
well the world economy coming to near-complete halt didn't help things. Demand has dropped considerably. Add that to GEOTUS being the businessman of the century and it was probably an easy deal for him for brew up
Hillary declared in 2016 that the cyber security hack (seth rich leak) was an act of war by Russia (because it exposed her crimes), and i undoubtedly believe we would be at a raging war with Putin. I feel bad for the pedes in that hellhole of a timeline. We have the best timeline folks! Best around.
Agreed 1000%. I certainly hope this greatly contributed to her defeat, and am more than a little embarrassed she didn't lose by an even bigger landslide.
Well that's what I'm calling the landslide, the results in the electoral College. It's a really good way to make leftards heads explode; catch them talking about muh popular vote and bitchslap them with the fact it was a landslide win and a mandate of the people. And yet it's true that many of those electoral wins were by slim margins.
Can you help double check if this was still done successfully even after the spineless Republicans never included the provision for the Strategic Oil Reserve in the 3rd Stimulus Bill??? The stupid RHINOs happily gave what the donkeys wanted but not to what President Trump needed, wanted and deserved.
Someone asked this yesterday in another thread and someone responded that Trump stated in during one of the press conferences. A link to when he said it would be good though. Someone else said that he doesn’t have the authority to do that, so the way it was actually accomplished was our oil companies buying it.
Nothing was bought at $12 / barrel. The price never went that low. DJT single-handedly stopped the collapse in price, and then the market established support around that price level. If that isn't true leadership I don't know what is!
Our National stores weren't "topped off." Which then becomes more than a little scary to think about how low our stores must have been.
Really?! That would be amazing. I'd love to see facts on how much was bought, at what price, and when. As well as in terms of % capacity. I'm going to assume that's classified though.
I spent quite a bit of time yesterday trying to find the price we paid to fill up the strategic oil reserve. Do you have a source on that? I'm not doubting. I want to share it with the person I was having a conversation with at the time.
On the futures market, which usually moves together with the cash market, price went from $53 (already low) to $30 (ish) a barrel while the market was closed over the weekend, and then continued to crash to around $20. On a 30 year chart I didn't see anything that even comes close.
DJT bought at the low, or incredibly close to it. The whole global market responded to his purchase, and the freefall in price stopped. Price stabilized around there, bounced around a little, and gradually came back up - a little. So the cash price may have bottomed at $22? My best guess is he bought it somewhere between 20 and 22, but I also would love to see as much data on this as possible.
Crude and gold are two main drivers of everything else, and I bet DJT has been following both closely since before the 80's. I know he has massive holdings in physical gold, which means his net worth went up for the first time since campaigning. We went from $1450 an ounce to over 1700 in no time flat. Before that, in one night the price on one contract for gold went down by around $20,000 in a matter of hours, with only needing to post a $1,000 margin. Sadly I did not make a windfall on that, even though I watched every tick of the market as it happened. "Rip your face off" volatility has been in everything, not just stocks.
Stabilize. This is going to be a key theme this week. We’ve seen the business dip. There’s light at the end of the tunnel. Next step: restore our individual rights!
I think we need to remove the Governors who are mass murderers first, via torches and pitchforks and whatever else you may have. Time to take our Country BACK! Put the fear of God into those criminals and see them stand trial.
So when can we resume pretending to be free citizens? I need a job. Nobody is hiring right now, because there's a hiring freeze, and I want my baseball back. And hockey, too.
The tentative OPEC+ deal for a 10 million-barrel cut requires Mexico to reduce its own output by 400,000 barrels a day. The Latin American country has rejected the proposal, instead offering to cut output by just 100,000 barrels.
In an attempt to break the impasse, Trump offered a diplomatic solution that includes some creative accounting, with Mexico counting some of the U.S. market-driven supply decline as its own.
According to delegates, most OPEC+ countries back the Trump compromise -- even if they acknowledge it’s a face-saving mechanism that doesn’t translate into actual cuts. But Saudi Arabia insists that Mexico cut its production as much as everyone else.
No, the second he revokes the Federal endorsement, the PEOPLE are going to be the ones screaming at the Governors and Mayors the like their tyrannies a little too much.
The press, of course, will be running a Trump body count.
Ok so I'm sort of an idiot maybe but can someone explain to me: why is it a bad thing that oil prices are so low? It's been really great for me, filling up for like half price. I'm sure it somehow hurts SOMEONE but the only people I can imagine it hurting is big oil, and they're not exactly hurting for cash
Isn't it just a net win where the ultra rich oil barons make less money and the little guy gets a break?
If the prices are below what can support the hydraulic fracture extracting processes (“Fracking”), then the domestic energy boom comes to an end, with the ripple effect into all the associated businesses (roughnecks go to barbers, for example). AND it also leads us back to oil importation and the end of energy independence, relying again on oil from places that don’t like us.
Yep. Much better that petrodollars stay here as opposed to going overseas. Plus, the taxes stay here, as opposed to going to foreign governments (except when Dems send tax dollars to countries that hate us).
I would say it's not to support US domestic production. They have shut down for decades before, and been fine. These are fat cats that can live the life of luxury forever.
Losing domestic production until global prices return to at least the break even point has dire consequences. This is a lot like we'll be paying more for made in US goods as opposed to continuing to buy from China.
Hopefully we continue to increase energy production via renewables. 60% of our power grid could be generated via nuclear that's 100% safe and burning spent fuel rods. If everybody commuting were on electric cars and charging them overnight the whole package becomes feasible, and very substantial. This is nothling like AOC's gnd, and would also take years to accomplish. It'd be a good direction for our Country to go in though.
It doesn't just affect Big Oil companies. My brother works for a company that does construction projects for oil and gas companies, and within two days of the price of oil dropping so dramatically, every one of his customers called and said, "we are ceasing all construction projects until further notice." Now this small company has reserves to cover payroll, but only for a few select employees, which fortunately for my brother, includes him. Everyone else in the company was laid off though that same week.
There is a huge support structure of smaller companies that make their living contracting services to oil companies, and another layer of equipment rental companies, welding supply companies, etc. who support the contractors. The oil price dropping affects a HUGE swath of the U.S. workforce, even though most of those affected don't work for the Big Oil companies that are so often villified.
Domestic fracking companies are really struggling with the low oil prices. They have a lot of debt. I think they need prices in the $40s so this may not save them regardless.
Truthfully, Trump’s interest here is in avoiding bankruptcies and job losses in the domestic oil fracking industry. Putting those aside, the fracking industry at this point can quickly ramp up and down based on pricing so it actually doesn’t matter much other than that ramping down means job losses and debt defaults. Domestic oil employment and production would plummet in the near-term, but could ramp up quickly later if pricing came back.
Pricing will have to come back in the long-term because the Saudis use their oil to bankroll their national budget, and they need prices in like the $80s to avoid deficits. They can pump profitably in the $20s, but they need it in the $80s to maintain their national standard of living where the entire country is employed in overpaid government jobs funded by oil sales. The Saudi government is quite desperate, which is why they initiated the crisis in the first place.
So for Trump, this was just to avoid the near term bad press around bankruptcies, job losses and reduced oil output.
The problem is we are intertwined with them via the petrodollar. If they go belly up, so do we. (maybe not the Nation, but our own personal finances do)
I don’t give a darn about the Saudis either, nor do I care if some shale oil companies go bust. They borrowed too much money and invested unwisely. In old days, they’d just be **cked. But the point of this deal is to collusively increase the price of oil in a non-free-market way. Effectively the US is joining with OPEC in support of oil producers, which is pretty historic, really.
The US economy is not really free market anymore, unfortunately. It hasn’t been since the financial crisis.
The thing is: Domestically, Big Oil basically buys from thousands of little-oil. Some are more like franchisees, and some have commitments, and sea-of-spaghetti-here.
But the one thing "Big Anything" does very, very well is write the contracts so they're always "Heads I win, Tails you Lose."
Pushing the price skyhigh ($90/barrel) would be a reward to Big Oil. Stabilizing it, not so much.
It's a very anti-free market thing what they're doing. The big guys (OPEC, Russia) will eventually squeeze the little guys out of the market by intentionally selling under market price.
Don't get me wrong, I love the low gas prices, but they're unsustainable for all parties involved. The bigger guys can weather this, but many domestic US oil producers can't. Once our guys go under, OPEC, Russia, etc. will have more control of the market and gas prices will go up again due to reduced supply.
I'm not a petrol expert, so forgive me if I say something stupid.
But Trump acted on this for a reason. Even if we could hit "pause" on things like fracking, wouldn't a lot of people still be out of a job in the meantime?
https://jarv.is/notes/cloudflare-dns-archive-is-blocked/
Just read this about archive.is. Not really sure what to take away from it, hopefully they resolve their dispute. (If you want some comedy on his page you can read about how he is a huge Hillary supporter from 2016)
I get 403s on a few of these archive sites because they don't want to play ball with my DNS over TLS setup. I don't feel like tweaking it more to have it work, the archive sites need to work better with DNS over TLS providers (at least that's what I found for me)
I also think we shouldn’t forget to give some credit to Senator Ted Cruz. Listening to his podcast the other day, he was talking about a virtual meeting they had with SA and Russia, and that he was furious about the bullshit they were pulling during this pandemic. His state stood to suffer greatly with loss of energy jobs, and I think it was a priority for him to make sure that didn’t happen.
From Lyin’ Ted to Lion Ted, I’m thankful to have him as my senator and thank fuck we didn’t end up with Beto
Hey fellas. I am having issues with posts from this archive.is site. I get an unsafe warning from my browser, and even when I click through I still get cloudflare 403 error. Is there a mirror of this?
Talk about historically bad timing to start a oil price war. They drove down prices and then the world economy shut down and completely fucked themselves. Market share doesn’t matter when there is no market share.
Ah, I think prices will stay unusually low for quite some time. The changes here will only affect domestic US prices, I think. We'll be paying more for our own domestic production, and we still probably won't be able to produce enough for that. Petrol coming from OPEC will be cheaper, and that's probably what you'll be getting. For example it was 60-ish USD per barrel, down to 53. Then down to about 20 in this crisis. Somebody just said DJT bought a bunch at $12, but I don't see any price chart showing it got nearly that low.
I can't predict how much higher it will get, but it briefly bounced up to 29 and now sits around 23. I'd be surprised if it got any higher than 40 before summer is over. Supply was cut but demand is still way lower, and will probably not return to our old normal levels very quickly, if ever. It would be a really good time to rely on renewable as much as possible, reducing oil consumption as much as possible. This slowdown gives us an unusual chance to do that.
If everybody starts driving a lot over the summer which I think it'll be a great summer to vacation, demand may outstrip supply and producers may not want to increase supply; there will still be plenty of inventory lying around and producers will want to keep the price high enough to be profitable. So even in that case I don't think the price would go higher than what it was before the crisis. I would look for a little jump up quickly, and then a slow rise over the next 6 months or however long it takes for demand to return to previous levels. Even then I think it will be a little cheaper than before.
I already posted a really thorough response, and now I don't see it. Maybe it's really there? Please let me know.
A little more info: today headlines are agreeing with what I said yesterday, that the reduced production will still be too much for demand. This might have the effect of making prices even lower than they were?
The un-politician! đź‘Ť
Ba-dum tsh!
I just wish that congress had let us buy up the cheap oil for later. They cost us billions with that shortsightedness.
If I'm understanding this correctly, yes and no. Before being stopped by Congress, DJT single-handedly arrested the freefall in the price of gas and the underlying crude. Then it found support at that level. Now the national stores will be purchased from domestic producers. Even though that's at a higher price, it will stay in the US economy and (arguably) do more good.
The irony I'm seeing is Congress stopped US from topping off our national stores at the lowest price because they "didn't want to bail out the oil companies." Which it wouldn't have bailed anybody out, and certainly not any US company. Now, this is directly bailing out the whole US oil industry,lol. I have to pour through this to see if Nasty Nancy can undo this. (I hope not)
HOL UP...
GEOTUS didn't get that nice cheap oil for the strategic reserve???
I haven’t heard this before, but that’s about the most concise way to put it. Sure, all of us that aren’t working Oil & NG, we’re gonna love the low demand, cheap oil/gasoline prices that’s already starting to happen. But our POTUS is no idiot, he realizes if they drop too low then big companies who employ thousands will have to start laying people off out of necessity due to the sharp price drop, so he’s trying to find a favorable balance, and prevent a catastrophe from getting unnecessarily even worse, despite us also not even relying on OPEC to begin with. As the joke goes: $20 is $20 so he’s aware companies will buy $20 barrels from overseas instead of putting in the effort to harvest & produce ourselves (which creates jobs). Well said, and I just word vomited your sentiment because I have a lot of trouble with brevity.
We can all make less money or we can all make more money. Stop being dumbasses.
Something like that I bet
"I'll buy up all the oil you'll sell at 20$ a pop and you'll regret ever doing this when I dump that stuff back on the market for 10$ if our oil companies go bankrupt."
https://youtu.be/BjwU8AzFgms?t=12
well the world economy coming to near-complete halt didn't help things. Demand has dropped considerably. Add that to GEOTUS being the businessman of the century and it was probably an easy deal for him for brew up
Could you imagine where we would be if Bernie or Hillary was at the helm?
Hillary declared in 2016 that the cyber security hack (seth rich leak) was an act of war by Russia (because it exposed her crimes), and i undoubtedly believe we would be at a raging war with Putin. I feel bad for the pedes in that hellhole of a timeline. We have the best timeline folks! Best around.
Agreed 1000%. I certainly hope this greatly contributed to her defeat, and am more than a little embarrassed she didn't lose by an even bigger landslide.
I believe the landslide was there, but covered up by fraud. ...Just not enough fraud to win the thing. Thank god for the electoral college.
Well that's what I'm calling the landslide, the results in the electoral College. It's a really good way to make leftards heads explode; catch them talking about muh popular vote and bitchslap them with the fact it was a landslide win and a mandate of the people. And yet it's true that many of those electoral wins were by slim margins.
He said he threatened to place high tariffs on the importation of oil.
DJT said look maaaaan - I'm the best that ever was (this needs to be read in George Thorogood voice, while also thinking Devil Went Down To Georgia)
Best thing is he refilled our national reserve and refilled every empty oil storage we had at 12 dollars a barrel first !
Can you help double check if this was still done successfully even after the spineless Republicans never included the provision for the Strategic Oil Reserve in the 3rd Stimulus Bill??? The stupid RHINOs happily gave what the donkeys wanted but not to what President Trump needed, wanted and deserved.
Someone asked this yesterday in another thread and someone responded that Trump stated in during one of the press conferences. A link to when he said it would be good though. Someone else said that he doesn’t have the authority to do that, so the way it was actually accomplished was our oil companies buying it.
Nothing was bought at $12 / barrel. The price never went that low. DJT single-handedly stopped the collapse in price, and then the market established support around that price level. If that isn't true leadership I don't know what is!
Our National stores weren't "topped off." Which then becomes more than a little scary to think about how low our stores must have been.
Trump said the price was even lower than $12
Really? Usually historical charts will show prices, and only on a 15 minute delay. Maybe that will never be the same again?
We have more important issues, like emergency funding for PBS so we can hear about how everything is racist.
I thought they declared it a national security issue and overruled her.
Does anyone know the official story?
That's what I heard too.
Really?! That would be amazing. I'd love to see facts on how much was bought, at what price, and when. As well as in terms of % capacity. I'm going to assume that's classified though.
Yep...so right...we all have full tanks!!
I spent quite a bit of time yesterday trying to find the price we paid to fill up the strategic oil reserve. Do you have a source on that? I'm not doubting. I want to share it with the person I was having a conversation with at the time.
On the futures market, which usually moves together with the cash market, price went from $53 (already low) to $30 (ish) a barrel while the market was closed over the weekend, and then continued to crash to around $20. On a 30 year chart I didn't see anything that even comes close.
DJT bought at the low, or incredibly close to it. The whole global market responded to his purchase, and the freefall in price stopped. Price stabilized around there, bounced around a little, and gradually came back up - a little. So the cash price may have bottomed at $22? My best guess is he bought it somewhere between 20 and 22, but I also would love to see as much data on this as possible. Crude and gold are two main drivers of everything else, and I bet DJT has been following both closely since before the 80's. I know he has massive holdings in physical gold, which means his net worth went up for the first time since campaigning. We went from $1450 an ounce to over 1700 in no time flat. Before that, in one night the price on one contract for gold went down by around $20,000 in a matter of hours, with only needing to post a $1,000 margin. Sadly I did not make a windfall on that, even though I watched every tick of the market as it happened. "Rip your face off" volatility has been in everything, not just stocks.
Stabilize. This is going to be a key theme this week. We’ve seen the business dip. There’s light at the end of the tunnel. Next step: restore our individual rights!
I think we need to remove the Governors who are mass murderers first, via torches and pitchforks and whatever else you may have. Time to take our Country BACK! Put the fear of God into those criminals and see them stand trial.
So when can we resume pretending to be free citizens? I need a job. Nobody is hiring right now, because there's a hiring freeze, and I want my baseball back. And hockey, too.
I want March Madness.
Yeah i need work too ugh
The job market here in WI is unbelievable. Good pay, too!
TL;DR ELI5
Trump let Mexico save face.
The tentative OPEC+ deal for a 10 million-barrel cut requires Mexico to reduce its own output by 400,000 barrels a day. The Latin American country has rejected the proposal, instead offering to cut output by just 100,000 barrels.
In an attempt to break the impasse, Trump offered a diplomatic solution that includes some creative accounting, with Mexico counting some of the U.S. market-driven supply decline as its own.
According to delegates, most OPEC+ countries back the Trump compromise -- even if they acknowledge it’s a face-saving mechanism that doesn’t translate into actual cuts. But Saudi Arabia insists that Mexico cut its production as much as everyone else.
Wow, remarkably concise!
Its on Brave as well. But this specific link is working.
It's your DNS provider, some have delisted the archive sites. I ran into the same issue, changed DNS and now I can view them again.
We are also paying for Mexico’s lunch for a little while in order to have made this deal go through.
They have to pay it back at a later date, though.
Cocaine and donkey shows will now be half price.
I've never been to a cocaine show. If it's at the same fairgrounds as the gun show, I may have to check it out.
Now he just has to convince 50 state Governor's that what they're doing is retarded and unacceptable past May 1.
Goooooood luck, sir.
No, the second he revokes the Federal endorsement, the PEOPLE are going to be the ones screaming at the Governors and Mayors the like their tyrannies a little too much.
The press, of course, will be running a Trump body count.
Ok so I'm sort of an idiot maybe but can someone explain to me: why is it a bad thing that oil prices are so low? It's been really great for me, filling up for like half price. I'm sure it somehow hurts SOMEONE but the only people I can imagine it hurting is big oil, and they're not exactly hurting for cash
Isn't it just a net win where the ultra rich oil barons make less money and the little guy gets a break?
If the prices are below what can support the hydraulic fracture extracting processes (“Fracking”), then the domestic energy boom comes to an end, with the ripple effect into all the associated businesses (roughnecks go to barbers, for example). AND it also leads us back to oil importation and the end of energy independence, relying again on oil from places that don’t like us.
Oh gotcha. So it's sorta to support American oil
Yep. Much better that petrodollars stay here as opposed to going overseas. Plus, the taxes stay here, as opposed to going to foreign governments (except when Dems send tax dollars to countries that hate us).
Only downside is gas prices go up 60 cents a gallon or so. I'll gladly pay that price increase to save our energy industry.
If it only increases 60 cents I'll be amazed. I don;t think our domestic production can even break even at that price.
I would say it's not to support US domestic production. They have shut down for decades before, and been fine. These are fat cats that can live the life of luxury forever.
Losing domestic production until global prices return to at least the break even point has dire consequences. This is a lot like we'll be paying more for made in US goods as opposed to continuing to buy from China.
Hopefully we continue to increase energy production via renewables. 60% of our power grid could be generated via nuclear that's 100% safe and burning spent fuel rods. If everybody commuting were on electric cars and charging them overnight the whole package becomes feasible, and very substantial. This is nothling like AOC's gnd, and would also take years to accomplish. It'd be a good direction for our Country to go in though.
It doesn't just affect Big Oil companies. My brother works for a company that does construction projects for oil and gas companies, and within two days of the price of oil dropping so dramatically, every one of his customers called and said, "we are ceasing all construction projects until further notice." Now this small company has reserves to cover payroll, but only for a few select employees, which fortunately for my brother, includes him. Everyone else in the company was laid off though that same week.
There is a huge support structure of smaller companies that make their living contracting services to oil companies, and another layer of equipment rental companies, welding supply companies, etc. who support the contractors. The oil price dropping affects a HUGE swath of the U.S. workforce, even though most of those affected don't work for the Big Oil companies that are so often villified.
Domestic fracking companies are really struggling with the low oil prices. They have a lot of debt. I think they need prices in the $40s so this may not save them regardless.
Truthfully, Trump’s interest here is in avoiding bankruptcies and job losses in the domestic oil fracking industry. Putting those aside, the fracking industry at this point can quickly ramp up and down based on pricing so it actually doesn’t matter much other than that ramping down means job losses and debt defaults. Domestic oil employment and production would plummet in the near-term, but could ramp up quickly later if pricing came back.
Pricing will have to come back in the long-term because the Saudis use their oil to bankroll their national budget, and they need prices in like the $80s to avoid deficits. They can pump profitably in the $20s, but they need it in the $80s to maintain their national standard of living where the entire country is employed in overpaid government jobs funded by oil sales. The Saudi government is quite desperate, which is why they initiated the crisis in the first place.
So for Trump, this was just to avoid the near term bad press around bankruptcies, job losses and reduced oil output.
I could care less if Suadi went belly up. They are a globalist power.
The problem is we are intertwined with them via the petrodollar. If they go belly up, so do we. (maybe not the Nation, but our own personal finances do)
I don’t give a darn about the Saudis either, nor do I care if some shale oil companies go bust. They borrowed too much money and invested unwisely. In old days, they’d just be **cked. But the point of this deal is to collusively increase the price of oil in a non-free-market way. Effectively the US is joining with OPEC in support of oil producers, which is pretty historic, really.
The US economy is not really free market anymore, unfortunately. It hasn’t been since the financial crisis.
The thing is: Domestically, Big Oil basically buys from thousands of little-oil. Some are more like franchisees, and some have commitments, and sea-of-spaghetti-here.
But the one thing "Big Anything" does very, very well is write the contracts so they're always "Heads I win, Tails you Lose."
Pushing the price skyhigh ($90/barrel) would be a reward to Big Oil. Stabilizing it, not so much.
It's a very anti-free market thing what they're doing. The big guys (OPEC, Russia) will eventually squeeze the little guys out of the market by intentionally selling under market price.
Don't get me wrong, I love the low gas prices, but they're unsustainable for all parties involved. The bigger guys can weather this, but many domestic US oil producers can't. Once our guys go under, OPEC, Russia, etc. will have more control of the market and gas prices will go up again due to reduced supply.
Our domestic producers can start and stop on a dime. they've done it before. They can stall for decades.
Our domestic economy falls to pieces in the meantime.
I'm not a petrol expert, so forgive me if I say something stupid.
But Trump acted on this for a reason. Even if we could hit "pause" on things like fracking, wouldn't a lot of people still be out of a job in the meantime?
If the price of oil drops below the cost to produce it here in the US, our industry will be crushed and many jobs will be lost.
The price of gas in the US needs to be in the 2.25 - 2.75 range for premium at minimum for refineries to create some profit.
https://jarv.is/notes/cloudflare-dns-archive-is-blocked/ Just read this about archive.is. Not really sure what to take away from it, hopefully they resolve their dispute. (If you want some comedy on his page you can read about how he is a huge Hillary supporter from 2016)
I get 403s on a few of these archive sites because they don't want to play ball with my DNS over TLS setup. I don't feel like tweaking it more to have it work, the archive sites need to work better with DNS over TLS providers (at least that's what I found for me)
99 cents here!
Excellent! Great news.
It’s Easter Weekend for God’s sake! Take a day off Mr. President!
Nice job, GOATUS!
I also think we shouldn’t forget to give some credit to Senator Ted Cruz. Listening to his podcast the other day, he was talking about a virtual meeting they had with SA and Russia, and that he was furious about the bullshit they were pulling during this pandemic. His state stood to suffer greatly with loss of energy jobs, and I think it was a priority for him to make sure that didn’t happen.
From Lyin’ Ted to Lion Ted, I’m thankful to have him as my senator and thank fuck we didn’t end up with Beto
Hey fellas. I am having issues with posts from this archive.is site. I get an unsafe warning from my browser, and even when I click through I still get cloudflare 403 error. Is there a mirror of this?
Very helpful to know! And typical
Him and that magic wand again
Talk about historically bad timing to start a oil price war. They drove down prices and then the world economy shut down and completely fucked themselves. Market share doesn’t matter when there is no market share.
It has to be at least as high as the cost to produce it here or our industry will not be able to compete and thus fail, taking lots of jobs with it.
What a very stable genius!
Does this mean petrol prices will increase?
Yes.
Yes.
Up to some abnormally high level, or just to where it was before?
My country adds loads of tax onto petrol prices too, so any increase feels "high" just because of their daylight robbery.
Ah, I think prices will stay unusually low for quite some time. The changes here will only affect domestic US prices, I think. We'll be paying more for our own domestic production, and we still probably won't be able to produce enough for that. Petrol coming from OPEC will be cheaper, and that's probably what you'll be getting. For example it was 60-ish USD per barrel, down to 53. Then down to about 20 in this crisis. Somebody just said DJT bought a bunch at $12, but I don't see any price chart showing it got nearly that low.
I can't predict how much higher it will get, but it briefly bounced up to 29 and now sits around 23. I'd be surprised if it got any higher than 40 before summer is over. Supply was cut but demand is still way lower, and will probably not return to our old normal levels very quickly, if ever. It would be a really good time to rely on renewable as much as possible, reducing oil consumption as much as possible. This slowdown gives us an unusual chance to do that.
If everybody starts driving a lot over the summer which I think it'll be a great summer to vacation, demand may outstrip supply and producers may not want to increase supply; there will still be plenty of inventory lying around and producers will want to keep the price high enough to be profitable. So even in that case I don't think the price would go higher than what it was before the crisis. I would look for a little jump up quickly, and then a slow rise over the next 6 months or however long it takes for demand to return to previous levels. Even then I think it will be a little cheaper than before.
I already posted a really thorough response, and now I don't see it. Maybe it's really there? Please let me know.
A little more info: today headlines are agreeing with what I said yesterday, that the reduced production will still be too much for demand. This might have the effect of making prices even lower than they were?
I don't get these boards sometimes...
https://thedonald.win/p/FMcDkfaw/x/c/11PVyQlZmU
Good reply bro, thanks!
Gas is $1.59 in my area.
1.29 in Ohio.Without the federal and state taxes it would be 94 cents per gallon
99 cents in WI
Can someone tell me why this is good? Wouldnt this just increase oil costs?
We aren't dependent on them anymore though.
I guess the title made it seem like there was a bigger win I couldnt read into. Oil independence is definitely a big win.
I bet they'd be glad to give you a tour. I'd be surprised if there aren't youtube videos of it
This is no where near enough to prop up oil.
Oil has only been it's crash.
99 cents here. 2005 was $2.25. 99 cents goes back to the late 80's
Jesus i wish I could see prices like that, it's 2.89 here for unleaded
His has a magic STAFFF HOLYBSHIT
THIS GUY IS THE REAL DEAL
can you imagine competing against him on a real estate deal in New York
His energy and focus is unreal
ELI5: Why are we rooting for higher prices at the pump?
I think I get it, thank you. It's unfortunate that our oil industry can't compete at the current prices, but I am willing to pay more if it helps MAGA
Same reason buying a product cheaper from China isn’t necessarily the best idea - cost is not the only factor you should be considering.
In exchange for what?
I trust GEOTUS, but I'm just curious.
why dont these archive sites load? whats up with that?
All I get is 403 forbidden when I click Archive.is links now.
Get Opera browser, it has a VPN built into it.