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originally posted by: Justoneman
Cherry pick data is not working on me.
I am into real facts like what is happening at the oil wells and the refineries on that subject. The economy is not my forte, but I do observe industry for my job and oil is one of them my group will collect data concerning.
originally posted by: CriticalStinker
originally posted by: Justoneman
I sure don't take a word from anybody without verifying and that is why I said what I said. I did my homework. Oil production has been hampered and Trump was "drill baby drill" like the McCain campaign.
originally posted by: CriticalStinker
a reply to: Justoneman
So you would have to live in a cave or be new to the economy to not know it was that Trump was selling oil around the world and now we don't have enough because the progressive assholes are tackling "man made global warming" as if it was true when they are just fat liars about that issue too.
I don’t take political talking points from candidates as gospel, I just go look at the numbers myself, especially since I invest.
We’re the number one producer of oil in the world. We’re producing more now than any country ever has yearly.
So the next question would be why are oil prices higher? And there are two reasons. One is it’s a global market. If Europe is willing to pay more, then oil companies are going to sell more there and prices will be higher here. But the biggest reason is inflation itself.
Energy prices aren’t driving inflation, inflation is driving energy prices. So if you go look at the price per gallon from 2019 to now and adjust for inflation, they’re pretty similar.
As I said, the reason for inflation can be tracked to the M2 money supply. Supply and demand.
Note the M2 doesn’t factor public and private debt, which has also ballooned since COVID.
I provided my charts above, I’ll await yours that show we’ve been decreasing in production vs consumption, or imports outweighing exports.
Keep in mind I’m not arguing one side or the other. I’m saying neither are addressing the root causes of inflation.
The energy talking point is moot IMO as both admins have improved our energy stance, and we could even say Biden copied Trumps playbook if that helps.
originally posted by: CriticalStinker
originally posted by: Justoneman
Cherry pick data is not working on me.
I am into real facts like what is happening at the oil wells and the refineries on that subject. The economy is not my forte, but I do observe industry for my job and oil is one of them my group will collect data concerning.
originally posted by: CriticalStinker
originally posted by: Justoneman
I sure don't take a word from anybody without verifying and that is why I said what I said. I did my homework. Oil production has been hampered and Trump was "drill baby drill" like the McCain campaign.
originally posted by: CriticalStinker
a reply to: Justoneman
So you would have to live in a cave or be new to the economy to not know it was that Trump was selling oil around the world and now we don't have enough because the progressive assholes are tackling "man made global warming" as if it was true when they are just fat liars about that issue too.
I don’t take political talking points from candidates as gospel, I just go look at the numbers myself, especially since I invest.
We’re the number one producer of oil in the world. We’re producing more now than any country ever has yearly.
So the next question would be why are oil prices higher? And there are two reasons. One is it’s a global market. If Europe is willing to pay more, then oil companies are going to sell more there and prices will be higher here. But the biggest reason is inflation itself.
Energy prices aren’t driving inflation, inflation is driving energy prices. So if you go look at the price per gallon from 2019 to now and adjust for inflation, they’re pretty similar.
As I said, the reason for inflation can be tracked to the M2 money supply. Supply and demand.
Note the M2 doesn’t factor public and private debt, which has also ballooned since COVID.
I provided my charts above, I’ll await yours that show we’ve been decreasing in production vs consumption, or imports outweighing exports.
Keep in mind I’m not arguing one side or the other. I’m saying neither are addressing the root causes of inflation.
The energy talking point is moot IMO as both admins have improved our energy stance, and we could even say Biden copied Trumps playbook if that helps.
You’re welcome to use your anecdotal case study against the broader market.
That would be more of an example of cherry picking than using the figures of the market as a whole 🤷♂️
You’re welcome to find any source showing I’m wrong.
…and countries are dropping the dollar in trade like a hot potato. You don’t think that’s going to affect us???
originally posted by: CriticalStinker
originally posted by: xuenchen
a reply to: CriticalStinker
More oil yes, but not keeping up to par, and reducing by-products production in demand. THAT's how they are doing the planned kill-off. 😉 Looks like millions fell for the deceptions again. 🤣🤣
So I’ve provided hard measurable metrics, and people have just said I’m wrong by using recycled political talking points.
There’s a ton of data out there since these are aggressively traded commodities.
I’d say you’re welcome to show me that imports are outpacing exports. But I already know it’s the inverse.
This all started when I pointed out that energy hasn’t been the driving force of inflation, but rather that the money supply itself shows growth in comparable range to inflation.
Neither side is making any effort to show how they’ll actually address inflation. And there’s no way it’s going to happen when their focus is going to be what to do with taxes, or putting in cost controls (which would be disastrous).
There’s a clear and identifiable cause to inflation. The more we ignore it the worse it will get.
originally posted by: KrustyKrab
…and countries are dropping the dollar in trade like a hot potato. You don’t think that’s going to affect us???
originally posted by: CriticalStinker
originally posted by: xuenchen
a reply to: CriticalStinker
More oil yes, but not keeping up to par, and reducing by-products production in demand. THAT's how they are doing the planned kill-off. 😉 Looks like millions fell for the deceptions again. 🤣🤣
So I’ve provided hard measurable metrics, and people have just said I’m wrong by using recycled political talking points.
There’s a ton of data out there since these are aggressively traded commodities.
I’d say you’re welcome to show me that imports are outpacing exports. But I already know it’s the inverse.
This all started when I pointed out that energy hasn’t been the driving force of inflation, but rather that the money supply itself shows growth in comparable range to inflation.
Neither side is making any effort to show how they’ll actually address inflation. And there’s no way it’s going to happen when their focus is going to be what to do with taxes, or putting in cost controls (which would be disastrous).
There’s a clear and identifiable cause to inflation. The more we ignore it the worse it will get.
What a weird loser.
originally posted by: grey580
a reply to: WeMustCare
You do realize that, globally, food prices have gone up. This has nothing to do with Biden.
There are other factors in play that have increased prices globally.
originally posted by: xuenchen
a reply to: CriticalStinker
You missed the point about production of by-products (like gasoline) being slowed down and controlled to keep prices up. And BTUs isn't genuine volume like barrels are. Clever. That's how they are fooling everybody. 🔀🔁
originally posted by: nugget1
a reply to: FlyersFan
You still have not shown that Trump produced deepfake AIs.
That's hillarious that he thinks one states' law is a big deal. Yeah, we'll wait for red state Tennessee to sue Trump.
This administration’s decisions have had a large affect on the world economy.
originally posted by: xuenchen
a reply to: Sookiechacha
Democrats are full swing with edited lies for The Kamala effort. This could be another Democrat frame-up. 🤣🤣
originally posted by: Sookiechacha
Tennessee isn't going to sue Trump over this. Taylor Swift, who is based in Nashville, Tennessee might, though. She has every right to.
You are salivating over this and it's ridiculous.
He's an old guy who saw pictures on the internet and thought they were real so he reposted them.
It's not the first time he's been fooled by the internet. We ALL get fooled by the fakes. He didn't make them.