Shit we need a full forensic audit of the last election then we'd be rid of this clown with the actual winner in office. Fasted way to do it and prevent another loon from running our country into the ground.
I don't give a fuck about the last election. It's over. Time to mock every move the leftists make until November when the adults get put back in charge.
The audit needs to be procedural and controls put in place so one citizen, one vote. That's it.
If it's purple fingerprints in person with ID, so be it. But this bullshit has to end or we fucked fucked fucked as a country.
We may already be fucked.
Well, the dazzler says that trusting leftards is the only internal control we need. And he has a mythical MBA to back it up.
Biden's directions to all sorts of regulatory bodies was to curb domestic production. We? Are facing all kinds of increasing regulatory oversight, audits, and fines. Guess where those costs show up?
C'mon Mike, you know economics well enough, what happens to current production when the cost of capital goes through the roof? Why are US oil stocks still trading for shit with high oil prices?
I can name at least three major pipeline/production projects in California that were shutdown once Biden entered office. Not from Covid. And Nesom talks big but parties with the Ghetty's, do the math.
It's basic futures trading where everyone in the industry is pricing in tomorrow to today. Combine that with Covid killing existing production and you have a drastically reduced supply.
Biden didn't cause *all of it but his actions are contributing to it and exacerbating the effects.
*Board energy superiority guy
All I asked for was specifics rather than "Keystone, 800k barrels a day, his polices!!!"
I don't think you can tie any of what you said to a spike in prices. They would lead to a long term gradual rise. We are experiencing a shock.
In the long term the restrictions on financing will be a major concern in future supply .
Markets don't react with a shock in a few months to things that are 10 years down the road.
By the way, one of my best holdings is $XOM. It closed today at almost 78. Up form 50 a year ago. It's barley off it's high. I don't think It's trading for shit
You don't think curbing current production has any impact on pricing?
Let me say it again, I know of at least 3 major pipeline projects that were canceled due to the heightened cost of compliance and permitting. And yes, these would have been completed(or nearly) by now which does affect current pricing. This isn't anecdotal, it's indicative across the country. We are shutting in production lines while oil is sky high.
EPA and DOT are out for blood right now and the DOE is at best "reluctant" to help. Death by a thousand audits. Aka Socialism by regulation.
Then there's the whole swath of production that heald their breath and produced at a loss during covid counting on the upside swing on the other side. Guess what happened to them when Biden was elected and extended Covid insanity for another year plus and put them through the regulatory wringer? Production is easy to kill and hard to bring back online. Aka it's easy to drive prices up but hard to bring them back down.
I understand the sentiment of being factual and honest. It's hugely important to have integrity in our claims unlike the BidenBros. This ain't that hill though, Biden owns a huge chunk of this mess, and that's before we even tie him back to his previous political record with Obama.
I'm not sure what more you want, the alphabet bois bureaucracy is hugely impactful to current production and prices and serves at the pleasure of the executive. That alone is a huge driver of pricing domestically.
This is literally what he ran on, curbing current domestic production. He owns it.
That’s fine, but what has he done since January 2021 that curbed production? Other than the various governments scaring everyone to stay home…. Everything you mention is the long game. What shocked oil? It was covid lockdown polices.
Shit we need a full forensic audit of the last election then we'd be rid of this clown with the actual winner in office. Fasted way to do it and prevent another loon from running our country into the ground.
Certainly sounds like something that’s entirely possible.
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