The sanctions continue to work

RaceBannon

http://twitter.com/AlexeiArora/status/1536666650870620163?t=9JZSFqQVzDBWwg-AVl2LMg&s=19

http://twitter.com/AtlRey/status/1536691609382924292?t=6IdalXefGmzAXtHGcHEpsw&s=19

http://twitter.com/RollingStone/status/1536692568246870020?t=j7hTIvIT7WiBnfkzym2FEg&s=19

http://twitter.com/ByronDonalds/status/1536006544244068352?t=f5WW__hpBqSIObK9Otf2rQ&s=19

46XiJCAB

500,000M barrels of oil sitting in the ground in ND that would have already been pumped. That’s not O & G’s not wanting too. That’s Joey taking away tax incentives to producers. The incentives Trump instituted.

Hey Dazzler, do you enjoy the suffering your guy is causing your fellow Americans? All because you’re a gigantic pussy that squirted tears over mean tweets.

WestlinnDuck

What tax incentives?

46XiJCAB said:

500,000M barrels of oil sitting in the ground in ND that would have already been pumped. That’s not O & G’s not wanting too. That’s Joey taking away tax incentives to producers. The incentives Trump instituted.

Hey Dazzler, do you enjoy the suffering your guy is causing your fellow Americans? All because you’re a gigantic pussy that squirted tears over mean tweets.

WestlinnDuck

India and the chicoms have hundreds of millions of really poor people. They are going to buy oil and coal to help get those people out of poverty and they don't give a sh*t about global warming or environmental devastation. In America, you are poor if you are 50 lbs overweight, have a smart phone, AC, a 65 inch HD TV with wifi, plumbing, electricity and a car. In rural China or India, you don't.

greenblood

Russia is selling these barrels at a huge markdown. Still profitable while prices are through the roof. But like anything else, the price goes through cycles. Once oil is back on the downtrend, Russia won't be able to sell at huge markdowns, without taking a huge loss. And Russia can't afford that for long with sanctions. The US could turn Russia into Uganda by purposely inflating the supply of oil. But that won't happen because the Dems need their votes.

Over 40% of Russia's economy is tied to oil. When oil prices collapse, so does Russia.

WestlinnDuck

When is the downturn? The two largest countries in the world are trying to get hundreds of millions of their citizens into being energy consumers. Why is oil up 70 bucks a barrel since Trump was President? We are the world's biggest energy producer when we want to. The dems don't want to. Tough to invest hundreds of billions into oil and gas production when the long term depends on the vote of PMS housewives and Snow.

greenblood said:

Russia is selling these barrels at a huge markdown. Still profitable while prices are through the roof. But like anything else, the price goes through cycles. Once oil is back on the downtrend, Russia won't be able to sell at huge markdowns, without taking a huge loss. And Russia can't afford that for long with sanctions. The US could turn Russia into Uganda by purposely inflating the supply of oil. But that won't happen because the Dems need their votes.

Over 40% of Russia's economy is tied to oil. When oil prices collapse, so does Russia.

greenblood

WestlinnDuck said:

When is the downturn? The two largest countries in the world are trying to get hundreds of millions of their citizens into being energy consumers. Why is oil up 70 bucks a barrel since Trump was President? We are the world's biggest energy producer when we want to. The dems don't want to. Tough to invest hundreds of billions into oil and gas production when the long term depends on the vote of PMS housewives and Snow.

greenblood said:

Russia is selling these barrels at a huge markdown. Still profitable while prices are through the roof. But like anything else, the price goes through cycles. Once oil is back on the downtrend, Russia won't be able to sell at huge markdowns, without taking a huge loss. And Russia can't afford that for long with sanctions. The US could turn Russia into Uganda by purposely inflating the supply of oil. But that won't happen because the Dems need their votes.

Over 40% of Russia's economy is tied to oil. When oil prices collapse, so does Russia.

Because there's almost a year drag between when increased production actually floods into the market place. The price will drop eventually, it always does. We are about 3-4 years into another oil price cycle. These can last for 7-10 years. The reason a lot of these companies aren't drilling more is two fold. You have government regulations, but also the time element. What's to say a year from now when these new oil projects come to market, the oil price doesn't drop already? That's a concern many oil drilling companies have.

WestlinnDuck

Their big concern is what is their tax rate, what is their borrowing rate and can they transport oil (pipelines being forced off line and no new ones being built) and tough restrictions on flaring gas and the dem attempts to shut down US refinery capacity. They didn't have those concerns in March of 2020. Now they do.

greenblood said:

WestlinnDuck said:

When is the downturn? The two largest countries in the world are trying to get hundreds of millions of their citizens into being energy consumers. Why is oil up 70 bucks a barrel since Trump was President? We are the world's biggest energy producer when we want to. The dems don't want to. Tough to invest hundreds of billions into oil and gas production when the long term depends on the vote of PMS housewives and Snow.

greenblood said:

Russia is selling these barrels at a huge markdown. Still profitable while prices are through the roof. But like anything else, the price goes through cycles. Once oil is back on the downtrend, Russia won't be able to sell at huge markdowns, without taking a huge loss. And Russia can't afford that for long with sanctions. The US could turn Russia into Uganda by purposely inflating the supply of oil. But that won't happen because the Dems need their votes.

Over 40% of Russia's economy is tied to oil. When oil prices collapse, so does Russia.

Because there's almost a year drag between when increased production actually floods into the market place. The price will drop eventually, it always does. We are about 3-4 years into another oil price cycle. These can last for 7-10 years. The reason a lot of these companies aren't drilling more is two fold. You have government regulations, but also the time element. What's to say a year from now when these new oil projects come to market, the oil price doesn't drop already? That's a concern many oil drilling companies have.

SFGbob

46XiJCAB said:

500,000M barrels of oil sitting in the ground in ND that would have already been pumped. That’s not O & G’s not wanting too. That’s Joey taking away tax incentives to producers. The incentives Trump instituted.

Hey Dazzler, do you enjoy the suffering your guy is causing your fellow Americans? All because you’re a gigantic pussy that squirted tears over mean tweets.

California also has a shit ton of oil.

RaceBannon

greenblood said:

Russia is selling these barrels at a huge markdown. Still profitable while prices are through the roof. But like anything else, the price goes through cycles. Once oil is back on the downtrend, Russia won't be able to sell at huge markdowns, without taking a huge loss. And Russia can't afford that for long with sanctions. The US could turn Russia into Uganda by purposely inflating the supply of oil. But that won't happen because the Dems need their votes.

Over 40% of Russia's economy is tied to oil. When oil prices collapse, so does Russia.

Kim is hearing that the hammer is going to drop

Putin is evil and all that but he isn't a dementia patient controlled by Russia haters who don't care if they freeze in the dark

America elected a dementia patient that is willing to have us freeze in the dark while the rest of the world drills

America last failed with the last asshole who tried it - Obama