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This massive increase in exporting is good for the balance of trade, as well as for the value of the dollar relative to oil-importing countries.
Of course, we could artificially cause the domestic retail price of petroleum products to fall by banning (or massively taxing) petroleum exports. But, of course, we all know what happens when the government decides to interfere with commerce.
To give an even more comprehensive answer to the question "where is it going?" I present the following data:
I'm at home, so I don't have time for a lot of personal stuff like I do at work...
The other day the local morning AM radio democrat shill was reading an article from Reuters stating illegal aliens (undocumented douchebags) pay $97B in state and federal taxes. He asked where that money would come from if they were deported. There was no mention of how much money they take out of the system.
I'm at home, so I don't have time for a lot of personal stuff like I do at work...
The other day the local morning AM radio democrat shill was reading an article from Reuters stating illegal aliens (undocumented douchebags) pay $97B in state and federal taxes. He asked where that money would come from if they were deported. There was no mention of how much money they take out of the system.
Maybe you are being lied to.
They also fail to point out that a sizeable portion of those taxes they're referencing are SALES tax.
That's Cleve Wootson Jr., a reporter for the Washington Post, suggesting to White House press secretary Karine Jean-Pierre that the administration should censor the then-upcoming interview between Elon Musk and former president Trump.
Jean-Pierre then replies "I don't have any specifics on what we have been doing internally."
Isn't there something about not abridging the freedom or speech or of the press written down somewhere?
This is why it was such a huge deal that the press/WH would go to social media and get content they didn't like removed/banned.
The press is literally propaganda and the public arm of the deep state (when the government is abridged by that thing thing you mentioned).
In order to get a better understanding of our storm clouds, let’s exam a few of the 45 Communist, and by extension Socialist and Progressive, goals that have been read into our Congressional Record:
Capture one or both of the political parties in the United States.
Get control of the schools and teachers’ associations. Soften the curriculum.
Gain control of all student newspapers.
Infiltrate the press.
Gain control of key positions in radio, TV and pictures.
Eliminate all laws governing obscenity by calling them “censorship” and a violation of free speech and press.
Break down cultural standards of morality by promoting pornography and obscenity in the media.
Present homosexuality, degeneracy and promiscuity as “normal, natural, and healthy.”
Infiltrate the churches and replace revealed religion with “social” religion.
Eliminate prayer or any phase of religious expression in the schools on the grounds that it violates the principal of “separation of church and state.”
Discredit the American Constitution by calling it inadequate and old-fashioned.
Discredit the American founding fathers as selfish aristocrats [and racists].
Belittle American culture and discourage the teaching of American history.
Discredit and eventually dismantle the FBI.
Infiltrate and gain control of big business and unions.
Transfer some of the powers of arrest from the police to social agencies. Treat all behavioral problems as mental health or social problems.
Discredit the family as an institution. Encourage promiscuity and easy divorce.
Emphasize the need to raise children away from the negative influence of parents.
Repeal the Connally Reservation, allowing the World Court jurisdiction over nations and individuals alike.
It was Jan. 10, 1963, that Congressman Albert S. Herlong. Jr. from Florida read the list of 45 Communist goals for America into the Congressional Record.
I'm at home, so I don't have time for a lot of personal stuff like I do at work...
The other day the local morning AM radio democrat shill was reading an article from Reuters stating illegal aliens (undocumented douchebags) pay $97B in state and federal taxes. He asked where that money would come from if they were deported. There was no mention of how much money they take out of the system.
Maybe you are being lied to.
I want to be clear that I am not trying to argue against you.
I am trying to encourage you to make factual arguments based on objective information, rather than just repeating what you've been told by Joe Rogan (et. al), and basing your opinions on slogans and party lines.
In the posts I've made here previously, I have directly cited numerous primary sources. In your response, you have cited a talk show.
I appreciate you taking the time to make comprehensive and compelling posts. I have no problems with your approach or how you presented the data. Argue all you want. I enjoy your inputs.
But the bottom line, really, is try as they might, nothing the MSM or administration writes or says changes the fact that everything costs more, and I feel less safe.
But the bottom line, really, is try as they might, nothing the MSM or administration writes or says changes the fact that everything costs more, and I feel less safe.
But the bottom line, really, is try as they might, nothing the MSM or administration writes or says changes the fact that everything costs more, and I feel less safe.
Very true.
A few years ago, I was pretty sure that I was set to retire at age 50. (I'm 48 presently.) With what's happened to the value of the dollar over the past few years, I'm now thinking that I'll need to go a few more years.
On the other hand, it's easy to take a short-sighted view of things. Consumer prices, interest rates, foreign exchange rates, all of these things go up and down. That's not me advocating for a specific politician or political party (despite the fact that I am a liberal shill) it's just an observation.
On Aug 8, I made a post (#31046 in this thread) about a Biden-apologist piece I'd read the previous day entitled "why gasoline prices are expected to continue falling..." and made a snarky reply "Falling? When is that expected to start?"
I also posted a photo I'd snapped that morning showing gasoline at my local station at 4.39 / 4.89 / 5.39.
Now, fuel prices in my neighborhood had already come down by about 0.20 over the past week or so when I posted that, but it's still high enough (thanks, Chicago) that it seems high to non-city-people, and I know my audience: folks here like to think that everything is bad and it's all Biden's fault, and that only our Lord and Savior Donald Trump can fix it, because he is a selfless altruist who cares only about the welfare of the people and the nation and fights to defend us all from the evil other party.
So I posted it anyway.
Well, here's this afternoon:
So, gasoline prices are steadily declining. But that fact doesn't fit the narrative.
So, gasoline prices are steadily declining. But that fact doesn't fit the narrative.
Are the prices falling because the election is near? Irregardfull, the prices here are still ~60% higher today than when Trump left office. Not 60 cents, 60 percent.
The Circle K by my house was $3.40/gal Monday, $3.20/gal yesterday and is now $3.30/gal again today. What am I supposed to deduce from this fluctuation? Is the prophecy from the Book of Biden, verse 5 that begins "why gasoline prices are expected to continue falling..." still coming true?
According to Joe's sources, the US was producing 12M barrels a day in 2019 and exporting 3M and fuel was under $2.20 where I live. Now, the US is producing 13M barrels a day and exporting 3.6M and fuel is $3.30 where I live. Just last year, with the same production and export, the fuel cost was over $4. Joe tried showing correlation but it seems to me there is more to it than that.
According to Joe's sources, the US was producing 12M barrels a day in 2019 and exporting 3M and fuel was under $2.20 where I live. Now, the US is producing 13M barrels a day and exporting 3.6M and fuel is $3.30 where I live. Just last year, with the same production and export, the fuel cost was over $4. Joe tried showing correlation but it seems to me there is more to it than that.
Yesterday, it was sunny and warm where I live.
This morning, it is raining.
If I were trying to push a leftist agenda, I'd figure out some way to attribute this to climate change. After all, climate and weather are the same thing right?
Kai Ryssdal, the host of APM's Marketplace, has a saying which I adore. "The market is not the economy."
Do you remember the movie Trading Places with Eddie Murphey and Dan Aykroyd? In Act 3, they are inside the Chicago Mercantile Exchange, sabotaging the futures market for frozen concentrated orange juice.
That scene is fairly accurate, insomuch as that is in fact how the prices of fungible commodities are set. (Well, these days it's more computerized and less scribbling on paper, but same idea.)
Corn, soybeans, wheat, hogs, and, of course, oil. All are priced out months in advance, by traders speculating about the weather, about well production, about war vs. peace in Europe and Asia, and all the other things which shape both the supply of, and demand, for, various commodities. That's why it's called Futures Trading; they're speculating as to what the supply & demand curve for oats and butter will look like six months in the future.
Imagine being in charge of fuel acquisition for an airline. Those folks issue fixed-price contracts to purchase gas months ahead of time, in the tens of millions of dollars per order. They have whole departments dedicated to trying to time said purchases perfectly, and a bad buy can literally bankrupt an airline.
But the bottom line, really, is try as they might, nothing the MSM or administration writes or says changes the fact that everything costs more, and I feel less safe.
KJP: “Do you know this is the Biden-Harris administration. Are you aware that this is the Biden-Harris administration and she is indeed the Vice President?”
08-13-2024, 04:54 PM
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