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Re: Oil prices [Re: Texan Til I Die] #13784854 11/25/20 06:32 PM
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Originally Posted by Texan Til I Die
Originally Posted by Ted Dyer
Originally Posted by skeeter22
$150 barrel now that Biden is president. I think he will cripple the energy industry.

I might be wrong, but don't I think $150/barrel would not be crippling to the oil industry.

I don't think the price will cripple domestic production, but increased regulations certainly can. I see fracking getting largely shut down and the US once again importing large amounts of oil from the Middle East. Which of course will eventually fund another round of Islamic terrorism, which will prompt a military response from the US, which will cost more lives and eat up more tax dollars.




Just what the Democrats' want. juggle


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Re: Oil prices [Re: 206champion] #13784867 11/25/20 06:41 PM
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Originally Posted by 206champion
Biden and the Demorats will make sure it hurts us all.

They won't let it hurt everyone - only Republicans. Dems will get a special 50% off at -the-pump discount card good until 2024.

Re: Oil prices [Re: T Bird] #13784876 11/25/20 06:49 PM
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Terrorism from the Middle East has been going on since the post WW2 destabilization of that region when it became a hostile grab for natural resources. Other than a few disastrous slip ups, the CIA played their cards expertly.


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Re: Oil prices [Re: T Bird] #13784941 11/25/20 08:00 PM
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Oil production in the US went up when fracking technology made it economically feasible. When the prices sank after our production increased prices fell and people lost their jobs.

The US policy does not affect the price of oil all that much. Its a world market the price stabilized a couple years ago only when OPEC and several other countries lowered their oil production.
The 2007 recession, lost jobs and less gas used affected the markets more than any president did.





Re: Oil prices [Re: T Bird] #13784951 11/25/20 08:08 PM
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It'll go way up because we'll be back at war somewhere...all those military jets ain't gonna fly on electricity....

Re: Oil prices [Re: fishslime] #13784957 11/25/20 08:12 PM
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Originally Posted by fishslime
Originally Posted by Alumacraft 14
Easy remember Obama, $3.75 a gallon? Most liberals are economic fools. Biden is no exception.

Harder for some to remember $4.00/gal under Bush which helped create the economic crises in place in 2008, and the liberal economic fools were able to turn around by 2016. History proves the economy does better under Dem administrations.

rolleyes


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Re: Oil prices [Re: skeeter22] #13784985 11/25/20 08:57 PM
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Originally Posted by skeeter22
$150 barrel now that Biden is president. I think he will cripple the energy industry.


This^^^^^

After tax hikes, two new wars, China appeasement, destruction of the USA oil/coal industry.....we will be luck to have JUST $150 oil.


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Re: Oil prices [Re: T Bird] #13785006 11/25/20 09:34 PM
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Carbon taxes will be in the new budget and should the Ds get the senate they will be passed through budget reconciliation. To paraphrase a treasured saint “energy prices will necessarily skyrocket”.

Re: Oil prices [Re: a777pilot] #13785026 11/25/20 10:07 PM
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Originally Posted by a777pilot
Originally Posted by skeeter22
$150 barrel now that Biden is president. I think he will cripple the energy industry.


This^^^^^

After tax hikes, two new wars, China appeasement, destruction of the USA oil/coal industry.....we will be luck to have JUST $150 oil.

And blame Trump. It will be “six degrees of Trump” for any problems...all will be labyrinthed back to him.

Re: Oil prices [Re: T Bird] #13785054 11/25/20 10:43 PM
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Yes, it will.

Liars and cheats, well, they lie and cheat!


Look! Up in the sky. It's a bird. It's a plane. No, it's an EMP!

Re: Oil prices [Re: T Bird] #13785156 11/26/20 12:44 AM
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Re: Oil prices [Re: BOZZ] #13785161 11/26/20 12:50 AM
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That’s just good sand-bagging, I did it all the time. If successful, you get a lower growth algorithm...bonuses become a sure bet.

Re: Oil prices [Re: T Bird] #13785216 11/26/20 01:40 AM
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What do ya'll think natural gas prices will do?


GOD is good!
Re: Oil prices [Re: ReelSlow] #13785220 11/26/20 01:42 AM
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Originally Posted by ReelSlow
What do ya'll think natural gas prices will do?
Stay the same...unless we're using it to power military vehicles...

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