An Ungrateful POTUS?

Or the moon. Or maybe put him on the first manned spaceship to Mars, with just a 1-way ticket and food for a couple of weeks.

I can't wait until his term is up. He's damaged our country so much that it's going to take generations to recover.
 
Not the moon,we dont have that kind of space program anymore ,thanks to him.We would have to rent a space from the russians or find a rich guy that will use him as carry on luggage aboard a virgin spacebus.
 
So, are you saying trump did this? Lmao, I paid $2 and less under obama and bush, so that's a lie....

The tax cut is up for debate, many on this forum are afraid they will be paying more, no one knows til they file.

With bush, he left the country in shambles by the end of 2008, luckily with the Iotus, no way he gets 8 years, unless it's in prison.... another indictment today.... lmao, love the circle of people he surrounded himself with....
 
Chris-380 said:
So, are you saying trump did this? Lmao, I paid $2 and less under obama and bush, so that's a lie....

The tax cut is up for debate, many on this forum are afraid they will be paying more, no one knows til they file.

With bush, he left the country in shambles by the end of 2008, luckily with the Iotus, no way he gets 8 years, unless it's in prison.... another indictment today.... lmao, love the circle of people he surrounded himself with....
Click to expand...
Trumps policies with respect to oil production drives oil prices down. Vs new green deal crap. Corp tax cuts are huge. We saved tens of thousands and invested back in the company. Business hasn't been this good in 20 years. All indictments, pleas are for lying. Nothing of substance. A big waste so far.
 
Chris-380 said:
So, are you saying trump did this? Lmao, I paid $2 and less under obama and bush, so that's a lie....

The tax cut is up for debate, many on this forum are afraid they will be paying more, no one knows til they file.

With bush, he left the country in shambles by the end of 2008, luckily with the Iotus, no way he gets 8 years, unless it's in prison.... another indictment today.... lmao, love the circle of people he surrounded himself with....
Click to expand...
Read our history prior to Bush. Clinton signed deregulation on housing. Created a huge building boom on credit! Anyone could buy a house. That was the bubble that busted while Bush was in office. Not Bush, he just so happen to be in office when 08 hit. The damage was already done and no way to stop it.

It all starts with building and construction and those who should not get that level of credit beyond their means. Housing generates nearly every industry to either go into overdrive to nose dive. From lawn seed to furnature to furnaces to you name it on your property. Even a boat to put in the garage. Once those bill's are maxed then everything begins to fall apart. Banks take the house and then all industry that fills your house with stuff has no one to sell to so they fall apart. Hence 2008! Housing deregulation was a disaster in the long run and that was prior to Bush.
 
M Prod said:
OPEC controls the price of oil. POTUS has absolutely zero control over it.
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One small fact. USA is now the #1 oil producing country in the world and will be a net exporter in 2020. So, USA will be able to control more of it's own domestic oil pricing.

https://en.m.wikipedia.org/wiki/List_of_countries_by_oil_production

This is a big reason for the drop in oil. Now, if we were relying on Venezuela for production the prices would be through the roof.

-Kevin
 
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Oil production has been very good but it has also crashed the natural gas markets. With natural gas being a by-product there have been occasions where the gas companies were paying for people to use the gas. Yes that's a negative cost.

https://finance.yahoo.com/news/natural-gas-prices-fall-below-000000101.html

Funny how these things are not reported daily by the MSM.

-Kevin
 
Chris-380 said:
So, are you saying trump did this? Lmao, I paid $2 and less under obama and bush, so that's a lie....

The tax cut is up for debate, many on this forum are afraid they will be paying more, no one knows til they file.

With bush, he left the country in shambles by the end of 2008, luckily with the Iotus, no way he gets 8 years, unless it's in prison.... another indictment today.... lmao, love the circle of people he surrounded himself with....
Click to expand...
You're only remembering the good times, most Obama's time was some pricey gas
ch.gaschart.gif
 
From the moment that the oil exploration companies get a thumbs up to explore and drill it actually takes as much as 10 years to actually begin delivering anything. As I remember it Obama shut down all exploration in northern Alaska. Bush approved the shale oil fields in the Dakotas. Obama and his minions attempted to block them after the fact. That leaves the credit for our current status as the number one producer of oil and natural gas squarely in GW Bush’s lap. Thank God for him in this respect. He signed the death warrant for complete reliance upon the Middle East. Send them all back to their tents....

OPEC only controls the trade of oil and regulates world wide distribution and reserves. The US dollar is used to trade for that oil as the commen monetary unit for commodities.
 
OPEC controls 81% of the world oil supply. The US, 12%. OPEC production rates and behavior are directly correlated to oil prices on the world markets. The US has very little influence if any. In other words, they control the price of oil.
 
OPEC countries do have 81% of the world's proven oil reserves but only produce 40% of the worlds oil. Therefore they do not have as big an influence on the price of oil as they once did. I believe that the US and Canada are sandbagging the statistics on their oil reserves to protect the available oil needed in the future.
 
I looked around a bit - found conflicting numbers regarding the amount of reserves by country. Lot of sources listed OPEC countries - starting with Venezuela as the largest proven reserves. Most of those sources were using data from the 2010-2015 range.

There were several sources with dates of 2018 which listed the US as the largest amount of proven reserves in the ground - same definition of reserves listed on the older rankings.

Primary difference is the Shale Oil reserves which have proven to be viable - at an economic level. Same discussion around off shore - at $5 a barrel not viable - at higher prices it is.

Remember the Hubbert peak theory that came out in the late 50's. The accepted wisdom was that all crude reserves (that were possible to produce) would be identified by the early 1970's and that after the 1970's the world would be consuming against a depleted resource.

The concept that the Hubbert Peak was in the 70's has proven to be false.
 
M Prod said:
OPEC controls the price of oil. POTUS has absolutely zero control over it.
Click to expand...

Neither control the price of oil. Both can affect it for good or bad. Getting rid of onerous regulations on the domestic energy production has those positive affects and we are experiencing them. The big deal in oil prices is the US ability to be independent and OPEC cannot hold us hostage as easy as they once could.

MM
 
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