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    Quote Originally Posted by Walt View Post
    There is too much jet fuel right now. No one knows where to put it all.
    LIAR

    https://www.eia.gov/dnav/pet/hist/Le...s=WKJSTUS1&f=W
    This illegal illegitimate regime that runs America is at fault...not me.... they do not represent me and I have long objected to their crimes against humanity.

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    Quote Originally Posted by Matt Dillon View Post
    Do you really think it will keep until needed?
    This is not complex. Oil, gasoline, jet fuel, etc. is either used or stored. Over the last year, we have used far less of all, especially jet fuel. Some airports have seen a 98% reduction in air flights. There is a limited amount of storage capacity. You cannot just dump it out in a field, and go back and grab it when you need it.

    We are just about at 100% of capacity. You are talking about us running out of fuel, when the reality is we are running out of places to put the excess fuel.

    This is the time the President has an essential part to play. Oil companies are not allowed to coordinate, because that would be anti-market activity, but they are allowed to coordinate with the White House. trump told all the oil companies that they could produce at full throttle, and that the other oil companies would reduce production. That caused too much oil to be shipped, without anywhere to put it. The penalties on not offloading the oil caused oil and oil futures prices to go negative. For a while there, you would be paid money to take oil.

    This is one of the biggest market malfunctions ever. It is bizarre enough that it will be remembered for thousands of years.

    That is a real problem, because the American oil industry is very capital intensive. Investors do not want to invest in such a iffy industry.

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    Quote Originally Posted by Walt View Post
    This is not complex. Oil, gasoline, jet fuel, etc. is either used or stored. Over the last year, we have used far less of all, especially jet fuel. Some airports have seen a 98% reduction in air flights. There is a limited amount of storage capacity. You cannot just dump it out in a field, and go back and grab it when you need it.

    We are just about at 100% of capacity. You are talking about us running out of fuel, when the reality is we are running out of places to put the excess fuel.

    This is the time the President has an essential part to play. Oil companies are not allowed to coordinate, because that would be anti-market activity, but they are allowed to coordinate with the White House. trump told all the oil companies that they could produce at full throttle, and that the other oil companies would reduce production. That caused too much oil to be shipped, without anywhere to put it. The penalties on not offloading the oil caused oil and oil futures prices to go negative. For a while there, you would be paid money to take oil.

    This is one of the biggest market malfunctions ever. It is bizarre enough that it will be remembered for thousands of years.

    That is a real problem, because the American oil industry is very capital intensive. Investors do not want to invest in such a iffy industry.
    Biden has declared war on oil, there'll be gas lines around the block before you know it.

    Also costs will go up for everything, moreso for things involving plastic.

    America runs on fuel, and Biden intends to starve her for fuel.

    In b4 somebody dies in Yankee country for lack of availability of heating oil.

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    Quote Originally Posted by Nordberg View Post
    I still maintain the president has little impact on the stock market.
    So you think banning the building of the Keystone XL, possibly shutting down the Dakota access pipeline and deliberately forcing LNG prices to hit the roof won't affect the market ffs? Add to that banning fracking on government land, are you an imbecile?

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    Quote Originally Posted by cawacko View Post
    Powell. Market is addicted to easy money and Powell is feeding them their crack.

    Like Pookie said in New Jack City:

    Wow, did you mention that during the sugar candy years of the Trump market?
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    Quote Originally Posted by Primavera View Post
    So you don't think banning the building of the Keystone XL, possibly the Dakota access pipeline and deliberately making LPG prices don't affect the market ffs? Todd
    Maybe slight, but in respect to the overall market economy, no.
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    Quote Originally Posted by Matt Dillon View Post
    Do you really think it will keep until needed?
    Salty won't keep till needed, he's not even useful as fertiliser.

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  11. #23 | Top
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    Quote Originally Posted by cawacko View Post
    Powell. Market is addicted to easy money and Powell is feeding them their crack.

    Like Pookie said in New Jack City:

    Yes there will a huge implosion sooner or later, once the stimulus works its way through the system and causes hyperinflation. But that won't happen until next year at the earliest.

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    Quote Originally Posted by Jarod View Post
    Wow, did you mention that during the sugar candy years of the Trump market?
    I did actually. Quite a bit. I did the same when Yellen did it as well. It's a novel thing called having basic beliefs and principles. (In your defense your whole shtick is trolling so you wouldn't be expected to have a core set of beliefs.)

    The market jumped last week on Powell's announcement that he was keeping interest rates low for the foreseeable future. Why don't you share with us your support, or disagreement, with the assets bubbles the Fed has created this past decade with their low interest rates.

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    Quote Originally Posted by cawacko View Post
    I did actually. Quite a bit. I did the same when Yellen did it as well. It's a novel thing called having basic beliefs and principles. (In your defense your whole shtick is trolling so you wouldn't be expected to have a core set of beliefs.)

    The market jumped last week on Powell's announcement that he was keeping interest rates low for the foreseeable future. Why don't you share with us your support, or disagreement, with the assets bubbles the Fed has created this past decade with their low interest rates.
    I saw you cheering the market on when Trump was president saying he caused it. Silliness.
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    LOCK HIM UP!

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    Quote Originally Posted by Jarod View Post
    I saw you cheering the market on when Trump was president saying he caused it. Silliness.
    LOL. Keep on lying/trolling away Jarod.

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    Oops ...
    ONE-N-DONE, YOU GOT PLAYED; Time To Play-On
    Remember ... ELECTIONS HAVE CONSEQUENCES ... So STFU Bitch

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    Quote Originally Posted by Matt Dillon View Post
    Biden has declared war on oil, there'll be gas lines around the block before you know it.
    No he has not. Declaring war would have involved making a public declaration, which has not happened.

    Quote Originally Posted by Matt Dillon View Post
    Also costs will go up for everything
    God, I hope so. We have been on the edge of deflation for decades now.

    Oil prices will return to the norm, and may go up from there over years.

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    Quote Originally Posted by Walt View Post
    No he has not. Declaring war would have involved making a public declaration, which has not happened.



    God, I hope so. We have been on the edge of deflation for decades now.

    Oil prices will return to the norm, and may go up from there over years.
    What exactly is "the norm" for oil prices, faggot?

    All of America getting fucked as in Carter--->Trump days, or pre-Carter days before he messed it all up, motherfucker?

    Gas is already up over $1/gal and that will keep going up.

    Also, everything is now more expensive @ Wally World.

    Milk's up over $1/gal and eggs are up 50 cents

    This will not be stopping anytime soon.

    Time to start a chicken coop and maybe buy a cow or source local milk.

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    Quote Originally Posted by Jack View Post
    That's a HUGE jump.
    because the fascist corporatists have their man in office.

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