PostmodernProphet
fully immersed in faith..
I'm so glad we got rid of Obama and his energy policies......
9000 unused leases on Federal land.
- Thread starter ExpressLane
- Start date
cancel2 2022
Canceled
I already have and it plainly states that you're bullshitting and won't admit it.
You have no fucking idea what you're saying.
The market collapse was thanks to poor subprime loans issued between 2004-2007:
It wasn't the loans issued before 2004 that went bad first...it was the loans you and your friends issued between 2004-2007 that went bad and took the rest of the market down with them.
As for your unsourced quotes, that's just propaganda because your pals were telling Barney Frank as early as September 2003 there was no threat to the housing market:
ExpressLane
Verified User
And yet our most productive years for oil production oil prices were between $50-60 a barrel.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mcrfpus2&f=m
https://www.macrotrends.net/1369/crude-oil-price-history-chart
So you are blaming Obama for lowering the price per barrel of oil?
Don't you want the price to be low?
Again, domestic oil production is meaningless because OPEC controls the global market. Those oil companies are being ALLOWED to be productive by OPEC, who could decide tomorrow to make that production cost-prohibitive...which is what they did in 2015.
For the thousandth time: NOTHING WE DO WILL HAVE ANYTHING MORE THAN A NOMINAL AND TEMPORARY IMPACT ON THE PRICE PER BARREL
ExpressLane
Verified User
Yes using the lax lending laws Franks and his Democrat buddies pushed through. It was YOUR poor Democrat base that most benefited from Affordable housing act. But they also defaulted on those loans at the highest rates.You have no fucking idea what you're saying.
The market collapse was thanks to poor subprime loans issued between 2004-2007:
It wasn't the loans issued before 2004 that went bad first...it was the loans you and your friends issued between 2004-2007 that went bad and took the rest of the market down with them.
As for your unsourced quotes, that's just propaganda because your pals were telling Barney Frank as early as September 2003 there was no threat to the housing market:
PostmodernProphet
fully immersed in faith..
he didn't......
How did they do that when they didn't control Congress?
No, it was actually YOUR POOR SHITTY BASE in Appalachia and the Midwest (particularly in Wisconsin and Minnesota) who benefitted from federal housing policies.
Unless you think the toothless, inbred hicks managed to save enough money from their bathtub moonshine businesses to buy their shitty hovels.
ExpressLane
Verified User
Click the title for the hyper link MORONYou have no fucking idea what you're saying.
The market collapse was thanks to poor subprime loans issued between 2004-2007:
It wasn't the loans issued before 2004 that went bad first...it was the loans you and your friends issued between 2004-2007 that went bad and took the rest of the market down with them.
As for your unsourced quotes, that's just propaganda because your pals were telling Barney Frank as early as September 2003 there was no threat to the housing market:
Click the title for the hyper link MORON
You have no fucking clue what you're saying because you're just copying and pasting from other dumb people because you're not smart enough to understand this topic.
Your friends were telling Barney Frank in 2003 that there was no threat to the housing market or the GSE's:
So Bush's Treasury Secretary told Congress that there was no threat to the housing market or GSE's in 2003.
ExpressLane
Verified User
AGAIN oil companies do just fine on $50-60 a barrel oil . LIKE I TOLD YOU.
NO THEY DON'T.
That's why a special bailout fund had to be created for them in 2015, you dumb bastard.
You have no fucking idea what you're talking about.
Oil companies might "do just fine" on $50-$60 a barrel, but they do much better at $96 a barrel.
ExpressLane
Verified User
Of course they do.....If they can lease, raise financing, explore, find, drill, transport, and sell their oil. Biden is dragging his feet on leasing and issuing permits which is having a chilling effect at finding investors.
Right, so it's not in the oil companies' interest to increase production because it will lower the price per barrel, and thus lower their revenues and profits.
Welcome to Economics 101.
NOT IF THAT OIL IS PRICED TOO LOW
Complete and total horseshit, of course.
You just got done agreeing with me that it's better for oil companies if the price is $96 instead of $50, so why would they increase production and risk lowering the price?
GOD are you fucking dumb.
Just like really fucking dumb. Dumber than most people. Every time you open your big, fat, stupid mouth I am amazed at the dumb shit that flows from it.
Like a constant stream of stupidity and idiocy.
What is it in that pea brain of yours that can't make the connection between increasing production and lowering the price per barrel, and how that runs afoul of the profit motive of these multinational companies?
You dont.
The "very fine people" are just dense when it comes to this topic...they concoct all these fantasies and alternate realities where the US has some sort of lasting and oversized influence on the global oil market, and that if we just let oil companies drill everywhere all the time with no regulations, the oil companies will somehow, magically and bizarrely, go against their profit motive and lower the price per barrel to make gas prices cheaper.
NO OIL COMPANY WANTS OIL AND GAS TO BE CHEAPER.
NO OIL COMPANY WANTS TO START A NEW WELL BECAUSE THAT WILL RESULT IN AM INCREASE IN THE SUPPLY AND A DECREASE IN THE PRICE-PER-BARREL.
OIL COMPANIES WANT OIL TO BE EXPENSIVE BECAUSE THAT'S HOW THEY MAKE THEIR MONEY!