mauricemaher wrote:
windywave wrote:
monty wrote:
You do know oil is lower because demand is lower because we're heading into a bitch of a recession, right? I'm hoping the Fed can manage it but I'm not overly optimistic. // Saw this thread pop up, how did that recession go anyway?? Seems like the never ending its coming, its coming, just you wait and see drum beat marches on. Meanwhile the markets are roaring ahead, and we are getting our oil back at a nice profit. And all of this under the auspices of World War III beginning in the Middle East. Seems like someone is making some good decisions for our country and its economy. I know, I know, were heading into a bitch of a recession, so better look out below!!!
Turning on the spigot was still vote buying bullshit (why make something cheaper when the Fed wants to make something more expensive)
I'm still skeptical that Powell and company can pull off the soft landing and any reports of one currency are apocryphal. If the Fed can do it more power to them but we are still eating through the Covid free money. If we're still in the same state 12 months from now I'll be impressed. I just don't think we will be and have been playing defense appropriately
Great work Joe! The smartest oil trader on the planet!!!!
Maurice
Or, is he most productive oil producer too? 13.2 M wins out over trumps 13M in 2019. So our boy djt wants to drill, drill, drill baby while our other boy wants to play hush, hush, hush on his not so winning production statistic.
https://wapo.st/48fRMLf Quote:
(record production) It is a mixed blessing for Biden. At the moment, the administration appears content not to be taking too much credit. The continued attacks from Republicans accusing the president of jeopardizing America’s energy security with his focus on climate action are out of sync with the reality on the ground, but they give Biden cover with his base. At the same time, the relatively low gas prices help him with swing voters.
A short-term boost in domestic oil production and a corresponding decline in gas prices could have a long-term benefit for environmentalists — helping prevent the return to power of Trump and other deniers of climate change, said Josh Freed, the director of climate and energy at the center-left think tank Third Way.
“The fastest way to end all of American climate action is to see oil prices dramatically rise and have Republicans get elected to office,” he said, commending Biden’s handling of the issue.
Whether Biden is successfully walking this tightrope is likely to remain a matter of debate ahead of November’s election. Climate activists say base voters are frustrated by the softening of the president’s stance against fossil fuels, and mobilizing them will prove difficult despite the historic investment the administration is making in green power and accelerating the energy transition.
Climate-conscious voters were particularly dismayed by the administration’s approval of the Willow project, which will allow hundreds of miles of roads and pipelines, airstrips, a gravel mine and a major new processing facility in the middle of pristine Arctic tundra and wetland. For many, that decision was one of several signifying how Biden’s bold campaign promises to take on the fossil fuel companies yielded to dealmaking on permits and a more conciliatory approach toward the industry overall.
“You can’t solve the climate crisis without keeping fossil fuels in the ground,” said Jamie Henn, founder of Fossil Free Media, a nonprofit focused on ending oil and gas use. “Record oil production stands in the way of the energy transition … An ‘all of the above approach’ leads to flip-flopping on fossil fuels. It is bad policy, and also bad politics.”
So winning is actually losing? Or is it, losing is actually winning?