INFLATION--FED announces 0.50% interest rate cut

[Duck Dodgers]

Senile old man babbles nonsense:

 

[Duck Dodgers]

If you want to talk for me then please at least give me the benefit of a back massage first. If not, I'd welcome you to create a separate thread to build your strawmen arguments. With your colorful language I'm certain you could build the most extravagant strawmen, most likely the best the world has ever seen.

"Strawman" is always the argument this guy raises, even when you take his posts apart statement by statement. As predictable as it is tiresome.

 

[Chop]

This higher and higher energy prices driving general inflation way up is what took down Carter.

"You see Joe, who cares what's going on in the oil fields... if we can just convince Americans to sacrifice more, we can drive this inflation down. And if that doesn't work, then maybe some expanded wage, price, and rent controls..."

 

[nashhorn]

Picture is a Getty image in LA but I’ll admit one can only assume it in articles time frame.

Gasoline Price Hits Record High — The Wall Street Journal

 

[Duck Dodgers]

This higher and higher energy prices driving general inflation way up is what took down Carter.

"You see Joe, who cares what's going on in the oil fields... if we can just convince Americans to sacrifice more, we can drive this inflation down. And if that doesn't work, then maybe some expanded wage, price, and rent controls..."

Ahh the Carter years. Bankruptcy at home, impotence aboard. Sound familiar?

 

[Seattle Husker]

"Strawman" is always the argument this guy raises, even when you take his posts apart statement by statement. As predictable as it is tiresome.

You didn't take my post apart. You made up arguments to attack. That's the very definition of "strawman". You even made up quotes to try to empower your strawman, make it bigger or make it seem more official. If you don't like the accusation then debate the person on this board not some made up points that were never raised here.

I'd urge you to re-read your post and ask yourself who you were responding to. Hint: To my knowledge Nancy Pelosi nor Joe Biden post here. You've got your arguments ready should they show up though.

Same "can't drill our way to price at the pump savings" that N Pelosi babbled about before Trump. Then we produced more oil that we used as a country to the point that we were a net exporter. Then came Depends rule and that was the end of that. And remember - drilling now won't help tomorrow, so don't do it, instead completely re-vamp how American captures energy and uses it for transportation, which will, errr, actually take longer.

Next up - ruining the planet! Which apparently every other country in the world does. The USA is about the only country in the world that doesn't drill for oil and gas everyplace in that country where it might be found. No worries seemingly from Norway about producing oil offshore their country's.

Ahh, the "all those acres of leases are going to waste" line. Since it costs money to obtain a lease to explore on Federal land, why in the world would anyone buy additional leases, often a great cost, if they can produce oil and gas from the leases they already have?

If "green: energy is so wonderful can't it pay for itself, instead of being a way to funnel tax payer dollars into the businesses of donor's to the Democrat party? And ain't nothing green about windmills - they kill so many birds that they need exemptions to Federal rules to avoid being shut down.

 

[Duck Dodgers]

Now in crayon for those who need it:

That's production that is years away from reaching the market.

So? This is the same argument that we heard back ten years ago when oil prices were high. The fact that it takes a year or two to achieve an improvement is no reason to do nothing now. We were told pre-Trump that American could never become energy independent - which turned out to be a lie.

We need to find an acceptable plan without completely selling out our children's usage of the planet.

No idea what this is about. Are you bemoaning Global Warmish, or oil and gas production itself? Either way, the US is about the only country in the world that doesn't produce oil and gas everywhere in can, including Norway, which has production up and down its coast.

Need to look at the millions of acres of leases that are sitting idle. If they've been explored and no oil that's one thing but can't allow oil companies to use a crisis to get more leases if they already aren't using viable sources.

Since it costs money to obtain a lease to explore on Federal land, why in the world would anyone buy additional leases, often a great cost, if they can produce oil and gas from the leases they already have? Oil companies don't collect leases like baseball cards and have them framed.

This should put an extra emphasis on Green energy too.

If "green" energy is so wonderful can't it pay for itself, instead of being a way to funnel tax payer dollars into the businesses of donor's to the Democrat party? And ain't nothing green about windmills - they kill so many birds that they need exemptions to Federal rules to avoid being shut down.

 

[Duck Dodgers]

Ahh the Carter years. Bankruptcy at home, impotence aboard. Sound familiar?

Now this is stunning. Neither Saudi nor UAE even accept calls from Depends. Think about that - the President of the United States calls, and two counites do the same thing as when my phone says "Potential Spam".

 

[mchammer]

 

[mchammer]

 

[mchammer]

1) Maybe you missed the fact that even Elon Musk says we need to drill
2) There are not enough EV's on lots now for those who want to pay for those POS things
3) There aren't enough chips to meet demand for vehicles
4) Have you paid attention to where batteries come from?
5) Clearly you have not paid attention to ancillary costs (you know, the electric bills)
6) The people MOST hit by gas prices are the ones LEAST able to afford an EV
7) Plugs are not exactly a staple of apartment and street parking
8) EV range is non-existent for those who actually have to drive
9) Have you noticed how you get heat in a vehicle with ICE? That doesn't exist with an EV. Good luck staying warm.
10) Same thing applies with A/C given the lack of engine driving a compressor. So again, bye-bye range.

11) I guess you ALSO missed where most of the solar panels are being made and also the role that petroleum plays in that process...

I'm sure others will highlight the areas your fabled MSM doesn't clue you in about and that I might have missed here.

 

[Chop]

Well here's some good news. US households are spending much less % wise for food and fuel than we were decades ago. What's everybody complaining about?
Quit yer b!tchin' and embrace the mutual sacrifice...

 

[Seattle Husker]

Now in crayon for those who need it:

You build the strawman, I point it out and you deflect. What happened to people simply saying, I was wrong and move on?

That's production that is years away from reaching the market.

So? This is the same argument that we heard back ten years ago when oil prices were high. The fact that it takes a year or two to achieve an improvement is no reason to do nothing now. We were told pre-Trump that American could never become energy independent - which turned out to be a lie.

Guess what, it was true 10yrs ago and will be true 10yrs from now. For companies that have existing leases it will take 6-9 months to get oil out of the ground and that assumes they can find resources. For companies that need new leases they are >1yr out. My point was that it will have no impact NOW on the acute gas price issue. The lie about "energy independence" was that we were ever independent. We were a net exporter under Trump and today break even. All the while we still imported a lot of oil/gas, even from Russia. Due to refining capabiities (light/heavy crude) we have never been energy independent.

We need to find an acceptable plan without completely selling out our children's usage of the planet.

No idea what this is about. Are you bemoaning Global Warmish, or oil and gas production itself? Either way, the US is about the only country in the world that doesn't produce oil and gas everywhere in can, including Norway, which has production up and down its coast.

Yes, this is a reference to Climate Change.

Need to look at the millions of acres of leases that are sitting idle. If they've been explored and no oil that's one thing but can't allow oil companies to use a crisis to get more leases if they already aren't using viable sources.

Since it costs money to obtain a lease to explore on Federal land, why in the world would anyone buy additional leases, often a great cost, if they can produce oil and gas from the leases they already have? Oil companies don't collect leases like baseball cards and have them framed.

Are you sure that's true? Large oil companies (not your mom and pop shops) don't accumulate a pool of rights for drilling? Wireless Service companies do it with government auctioned spectrum all the time. DISH networks is sitting on a giant stash of spectrum that if they don't use it soon will lose it. Are you saying that oil companies don't build up a backlog of mineral rights so they can ensure an ability to drill out into the distant future? Let me research a little but I'd lay heavy money that of the 9600 licenses that have been extended that some are being held as a "reserve" for future investment. Not all, I'm certain some have been explored and are dry of oil.

Incidentally, I'm not even resisting offering new leases in new areas. Saying "drill everywhere" is a very short term (and rash) decision with longterm consequences to our children and their children.

This should put an extra emphasis on Green energy too.

If "green" energy is so wonderful can't it pay for itself, instead of being a way to funnel tax payer dollars into the businesses of donor's to the Democrat party? And ain't nothing green about windmills - they kill so many birds that they need exemptions to Federal rules to avoid being shut down.

Yes, Green energy (and Nuclear) need to be a significant part of our future energy mix. You can politicize it all you want but that doesn't change the fact that it exists and needs to be expanded.

 

[mb227]

It is truly sad that some don't understand that the process is not as simple as "get a lease, go drill." There are ALSO environmental impact-related permits that have to be obtained just to build the damned roads to get to the sites. The current regime LOVES sitting on those just like FERC is sitting on something like six LNG pipeline proposals that can go nowhere until approval is had.

The very simple reality is that this is NOT a consumer-friendly regime and they don't care about the pain felt at the pump or anywhere else. They just deflect and blame other things. Biden cannot be removed from office soon enough and the 'rats in the House and Senate ALSO cannot be excised quickly enough.

The current regime clearly ignores how the futures market operates or they would be encouraging domestic production. And if they understood things, they would understand that the movement of oil through Keystone XL would help those future markets by placing more supply ONTO the market.

But then again, the supporters of communism and socialism were never very good at understanding economic reality. Seems that applies to the PNW segment of society as well...

 

[mchammer]

Well here's some good news. US households are spending much less % wise for food and fuel than we were decades ago. What's everybody complaining about?
Quit yer b!tchin' and embrace the mutual sacrifice...

This is out of context. You need to look at %consumption for eating out at restaurants and bars. This line would go up like the line above has gone down.

 

[AC]

People seem to forget the onerous tax Biden put on his first day
And the onerous regulations he levied.
And all the areas he took out of being pumped.
If he rescends all his stupid moves we could get gas and oil to our markets AND to some of our allies.
How do the idiot morons think we can go "green" with out oil?
So far no one including on here has explained that.

That's because the green new deal is impossible.

 

[Seattle Husker]

That's because the green new deal is impossible.

"Green New Deal" is an AOC plan. Nobody but the fringe Progressives are advocating for it. Consider it aspirational but we certainly need to incorporate more "green" energy into our total energy portfolio.

 

[mb227]

"Green New Deal" is an AOC plan. Nobody but the fringe Progressives are advocating for it. Consider it aspirational but we certainly need to incorporate more "green" energy into our total energy portfolio.

Current regime actions suggest it is far more than 'aspirational.' They are hellbent on destroying this nation and are using this incident as the effort to deflect from the past fourteen disastrous months of this ****-show.

 

[EDT]

 

[mchammer]

 

[Monahorns]

"Green New Deal" is an AOC plan. Nobody but the fringe Progressives are advocating for it. Consider it aspirational but we certainly need to incorporate more "green" energy into our total energy portfolio.

How can you say that when Biden is making statements about being carbon-less in a decade or two?
No. We don't need more wind and solar. We need to quit building these intermittent, expensive sources.

 

[Chop]

Regular unleaded over $4. Premium over $5 at plenty of places. Nationally, it’s mostly even higher than that. Diesel way up (a major transportation cost driver).

 

[Monahorns]

More on inflation.

No, Inflation Is Not "Transitory," and It Is Worse than the Government Admits | André Marques

 

[Seattle Husker]

How can you say that when Biden is making statements about being carbon-less in a decade or two?
No. We don't need more wind and solar. We need to quit building these intermittent, expensive sources.

Have you read the Green New Deal? Let's just say it's not gradual migration but rather an emergency break transition.

What I hear you advocating for is no renewable energy at all. If that's the case, I'll categorize your opinions on energy in the same bucket as your International Relations.

 

[EDT]

 

[bystander]

AOC walks away when asked about her message to Americans facing pain at the pump

Fanatics and activitists masquerading as statesmen (women) are the problem on the Left.

 

[Monahorns]

Have you read the Green New Deal? Let's just say it's not gradual migration but rather an emergency break transition.

I read it multiple times when it came out. I don't consider a 10-20 year transition as gradual. I consider it abrupt and catastrophic.

What I hear you advocating for is no renewable energy at all. If that's the case, I'll categorize your opinions on energy in the same bucket as your International Relations.

I am against war and for cheap, reliable energy.
I have studied and continue to study climate change and energy sources. It is also part of the industry I work in. It should be a very clear decision to manage any changes in climate by increasing fossil fuel use and technology innovation. Wind and solar are expensive and unreliable. It mean literally decreasing the size and prosperity of our economy.

 

[Seattle Husker]

Anyone else get the feeling like this one is cheering for gas prices to go up?

As an aside, Boebert's convicted sex offender husband is an energy industry consultant.

 

[mb227]

Sadly, that won't stop the current trend being reported around town of just punching the tank.

 

[mb227]

Anyone else get the feeling like this one is cheering for gas prices to go up?

As an aside, Boebert's convicted sex offender husband is an energy industry consultant.

You sure like throwing around the 'sex offender' label without consideration of the fact that he is not on a registry.

I guess that makes yet another MSM talking point that, like with the Florida bill, several SCotUS matters, and god knows how many other things that you don't bother to even make a cursory attempt to verify.