Ukrainians be like:

zubenelgenubi

I'm a star
Democrats.

418555_hrdynmj84nnjpdk.jpeg
 

floridays

Well-Known Member
I'm not sure how kicking germany's ass about being whores for Putins oil and kicking thr EU's asses for not spending their committment of two percent on defense is weakening nato.

are you one of those liberals that believes being in bed with Russia and having no military makes you somehow stronger?
Nice assessment, good question.
@bbsam, you're on the clock.
 

bbsam

Moderator
Staff member
Todays answer is quite different than the one I would offer during Trumps presidency.

Actions produce consequences.

We are living in real time the consequences of Bidens day one energy policy.

Before you mention it, I am not speaking of the cancellation of keystone xl.
So Putin is experiencing the real time consequences of Bidens day one energy policy? Huh. Looks like he misread things.
 

floridays

Well-Known Member
So Putin is experiencing the real time consequences of Bidens day one energy policy? Huh. Looks like he misread things.
No, we are.
You are the one that misread things.

His oil is still being purchased, our oil production was throttled by Biden.

You're smarter than that bb, don't be a shill for Biden.

Fuel fuels your business.
Are you pleased Biden restricted domestic production?
 

bbsam

Moderator
Staff member
No, we are.
You are the one that misread things.

His oil is still being purchased, our oil production was throttled by Biden.

You're smarter than that bb, don't be a shill for Biden.

Fuel fuels your business.
Are you pleased Biden restricted domestic production?
No sir. Markets determine oil price. I have always maintained that Russia and Mideast powers have the ability to set prices based strictly on their decisions to increase or decrease production. State control of the industry gives them that luxury. The United States does not do that. Exxon, Shell and others decide production levels based on profitability. Russian oil sells because the world runs on petroleum products. American oil sells for the same reason. All of them are making serious bank right now.
 

floridays

Well-Known Member
The United States does not do that. Exxon, Shell and others decide production levels based on profitability
They do decide levels based on profitability.
And in a free market the law of diminishing returns dictates that point, not government edict.
 

vantexan

Well-Known Member
No sir. Markets determine oil price. I have always maintained that Russia and Mideast powers have the ability to set prices based strictly on their decisions to increase or decrease production. State control of the industry gives them that luxury. The United States does not do that. Exxon, Shell and others decide production levels based on profitability. Russian oil sells because the world runs on petroleum products. American oil sells for the same reason. All of them are making serious bank right now.
Supply and demand moves prices. If supply is reduced in a market but demand is still high what happens to price? Supply is then brought in to meet the demand. Does that alleviate price? No, the greater costs of bringing in needed supply keeps prices higher than when supply was sourced locally. Take away the foreign supply and prices will rise higher still due to demand. Which is why the Biden administration is being asked to open up access to Federal land again. If it was strictly a matter of oil corporations deciding production levels based on profitability then there would be no need to bring in foreign oil because our oil companies would be producing a lot more to capture higher profits with current prices. But they can only produce so much with the resources they have. Thus we're dependent on foreign oil because Biden refuses to open up Federal land. Those higher oil prices are the single biggest factor outside of the huge money printing that has caused big price increases in literally everything. No matter how you try to explain it away the average consumer knows under Trump a lot more oil was produced domestically and prices at the pump were a lot more reasonable. And those who follow politics know that Democrats have been saying for years they want much higher gas prices to wean us off fossil fuels. The average voter is seeing up close what that means to him. Someone using 15 gallons of gas a week is spending more than double what he did under Trump and for someone who only makes $25k a year that extra $30 or more really hurts.
 

BlackFriday

Please remove my account. This forum sucks.
Folks really showing their true colors here. Using the terrorism Putin is exacting in the Ukraine to down their own country. IMO this is disgusting. How many are, all of a sudden, "supporting" Ukraine and purchasing Ukrainian flags to show their support yet are the same ones that refuse to stand for our national anthem?
BTW, to all of you lost souls that continue to bring up trump. He's not the potus. How about addressing the current potus that you voted for and his complete and total failure to do a single damn thing pro America. Better yet, gtf out of the country I love and you hate. Be gone all you weakling low lifes.
 

newfie

Well-Known Member
So tell me, if the entire world today put an embargo on all Russian oil, what would the oil market price shoot to?
In the politics the extreme is always used to deny doing something that would otherwise make sense.

a policy change away from Russian oil by increasing US oil production is a reasonable option. While there is no leadership in the white house to do this it appears Congress and the Oil refiners are moving in the right direction. Congress for the optics and politics. Oil refiners because they dont want to get stuck with Russian Oil admidst the sanctions taking place.
 
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