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Idiot pushes record.Idiot unemployed
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<blockquote data-quote="bacha29" data-source="post: 5014960" data-attributes="member: 58386"><p>What you're not counting is the forward cost of caring for combat wounded veterans from that war. We left Afghanistan for the very same reasons the Russians left. No prospect of achieving a military victory and the staggering no end in site cost.</p><p>AS for energy independence . Current US daily oil production is 10 M barrels a day. The high water mark was 12.9 per day. And there's a reason it's lower.</p><p>During the height of the COVID crisis the price of oil fell to -35 bucks a barrel. That's right NEGATIVE $35. If you were an oil driller you had to give that refiner your barrel of oil and give him $35 just to get him to take it off their hands.</p><p></p><p>In the aftermath of that debacle the global oil industry made it abundantly clear that this situation would never be allowed to happen again and that the new benchmark for crude would be $60 a barrel and for the past many months oil has traded in the $65-75 range.</p><p>This is where they want it and this time they mean it as evidenced by their sizeable reduction in cap ex spending along with the implementation of a new varied dividend policy.</p></blockquote><p></p>
[QUOTE="bacha29, post: 5014960, member: 58386"] What you're not counting is the forward cost of caring for combat wounded veterans from that war. We left Afghanistan for the very same reasons the Russians left. No prospect of achieving a military victory and the staggering no end in site cost. AS for energy independence . Current US daily oil production is 10 M barrels a day. The high water mark was 12.9 per day. And there's a reason it's lower. During the height of the COVID crisis the price of oil fell to -35 bucks a barrel. That's right NEGATIVE $35. If you were an oil driller you had to give that refiner your barrel of oil and give him $35 just to get him to take it off their hands. In the aftermath of that debacle the global oil industry made it abundantly clear that this situation would never be allowed to happen again and that the new benchmark for crude would be $60 a barrel and for the past many months oil has traded in the $65-75 range. This is where they want it and this time they mean it as evidenced by their sizeable reduction in cap ex spending along with the implementation of a new varied dividend policy. [/QUOTE]
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