Oil

[Stewy]

(03-04-2022, 11:16 AM)NATI BENGALS Wrote: #1 - Sorry coming across as defensive. Widely accepted misinformation is something I’m not fond of.

#2 - The thread started with the GOP got their way in 2015 and we began exporting oil produced here. Proceeded to you acknowledging the number of drilling permits approved was higher in 2021 than 2016 2017 and 2018.

#3 - But for the next 8 months I will have to listen to people parroting lies about Biden destroying our energy independence and how he is solely responsible for high gas prices. Which guess what, ends up getting the guy elected again who you say you will one day tell me how he did more damage to the industry Biden could imagine. It’s incredibly frustrating.

Ok so I decided to respond.

#1 - No worries.  Don't blame you.  Politics are hell.

#2 - Sure the permits were higher in 2021 - fact.  NEW permits were down - fact.  There was a 5,000 permit back log that the BLM decided to accelerate - fact.  Biden gets blamed for being hypocritical, when the BLM was just doing their job (fact) and it had nothing (likely) to do with him - opinion.  It's frustrating for you to know the truth and Biden is still getting slammed (right?).  I understand, but I'm just giving information.  I am not responsible for the ignorance of Biden and his advisors to the facts of the situation, which if they educated themselves they could easily clear up with two graphs and two sentences.   *shrugs*  At least you're now better informed than the POTUS.

#3 - That's politics.  But you're assuming these prices are here to stay, and I wouldn't if I were you.  I hope you and everyone else have gotten an appreciation for the volatility of the market and the entirely separate short term (spikes - non permanent changes) and long term (sustained ramps and crashes which reset baseline prices) influences.  But the reality is that the POTUS always gets blamed for high prices, regardless of party, Dem's just much more because of the nature of their political goals and directions.  But just to be clear......the high oil prices are NOT Biden's fault, and there is nothing he can do about it.  Period.  But he's going to get blamed because your common voter is an ignorant twit who knows less about the O&G industry than my cat.....and I don't even have a cat.

Lastly....I wouldn't worry about Trump in 2024.  He's going to be buried (politically) or in jail (highly likely).  Imagine this during the 2024 primaries.....images of Putin smiling and standing over dead Ukrainian children, bombed out schools, hospitals, old folks homes, bridges, parks, etc and with every image is Trump being flashed on saying "He's a genius"  "He's a great man".....over and over....every channel in every state.  It's coming if he runs and it will destroy him if he isn't buried already.  The Repub's are going to win the white house though as things stand now.

Anyway....  /cheers!