More or Less Informed?
- Thread starter Sytes
- Start date
I hope you're right man, but I don't trust anybody east of Manitoba. Trudeau will see the writing on the wall, get desperate and fire off the last bullets in his chamber, which I think will be either UBI or a gov't-sponsored four day workweek, and all the flipped Liberals will go flocking back and let him ruin the country for another ten years. I sincerely hope I'm wrong, but I have no faith in the average left-leaning Canadian in Ontario not to do it lol
406dn
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Jeez Louise, we can't even get US politics straightened out, now we've added Canadian politics!
Regarding diesel under $2.00/gallon. The only reason diesel got so cheap under Trump was the collapse of demand when covid hit. It's neither his credit nor fault that happened. When the entire developed world goes into lockdown, the demand for gasoline, diesel. etc declines sharply.
I made my living in an oil refinery. They run 24/7/365. Barrels of crude come in barrels of product go out. When the demand for the product vanishes, the crude coming into the refinery starts building up to the refinery's capacity to store it. That is what was happening at every refinery in the world. Since, product isn't selling like normal, the refinery's storage capacity for that also gets maxed out. That makes the refinery really cut back on thru put, which exacerbates what to do with all of the crude.
There was a short period of time were the price of crude dropped below zero. A producer had to pay some one to take it. Clearly, that is not a sustainable oil industry. My employer was losing billions of dollars. There was talk of a dividend cut, some oil companies did have to cut the dividend, iirc. Most of them cut their exploration budget.
A barrel of oil is 42 gallons. The road taxes on diesel in Montana total $0.50/gallon. If the cost of crude was $63/barrel, you could not have any other cost or profit, to have $2.00 diesel. The cost of production for most crude is above that.
Long story short, dream on, the only way we ever have $2.00 diesel is if the world gets as phucked up as we were when covid hit. Now, if there was the opposite upset, and demand remained robust but world events disrupted the crude supply, we'd long for the days of $4.00 diesel. Presently, I'm paying $3.79/gallon.
Regarding diesel under $2.00/gallon. The only reason diesel got so cheap under Trump was the collapse of demand when covid hit. It's neither his credit nor fault that happened. When the entire developed world goes into lockdown, the demand for gasoline, diesel. etc declines sharply.
I made my living in an oil refinery. They run 24/7/365. Barrels of crude come in barrels of product go out. When the demand for the product vanishes, the crude coming into the refinery starts building up to the refinery's capacity to store it. That is what was happening at every refinery in the world. Since, product isn't selling like normal, the refinery's storage capacity for that also gets maxed out. That makes the refinery really cut back on thru put, which exacerbates what to do with all of the crude.
There was a short period of time were the price of crude dropped below zero. A producer had to pay some one to take it. Clearly, that is not a sustainable oil industry. My employer was losing billions of dollars. There was talk of a dividend cut, some oil companies did have to cut the dividend, iirc. Most of them cut their exploration budget.
A barrel of oil is 42 gallons. The road taxes on diesel in Montana total $0.50/gallon. If the cost of crude was $63/barrel, you could not have any other cost or profit, to have $2.00 diesel. The cost of production for most crude is above that.
Long story short, dream on, the only way we ever have $2.00 diesel is if the world gets as phucked up as we were when covid hit. Now, if there was the opposite upset, and demand remained robust but world events disrupted the crude supply, we'd long for the days of $4.00 diesel. Presently, I'm paying $3.79/gallon.
BigHornRam
Well-known member
Jon Tester is a skeptic. The donor class has stopped writing checks until this issue is resolved.
noharleyyet
Well-known member
Tis but a temporary show of abeyance stoppage for theatre...and wind reading
Bonasababy
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Words to live by.
406dn
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Gee, I'd like to think the two e-mails I sent him concerning Biden's...isues, helped Jon make a statement. Likely not, thou.
BigHornRam
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Archer86
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Wasn't just from covid
Attachments
Thanks for the graphic, some just don't want to accept the FACTS, this makes it obvious & can not be ignored.
Bonasababy
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Lots of things go into gas prices that are out of control of presidents. Biden has not slowed down exploration and production at all...natural gas production has gone up under Biden, so has oil production.
What they do for the national debt has more bearing on our future
That's largely due to Trumps tax cuts and his welfare to please those hurt by his tariffs, and late covid "Donald J Trump" signed checks to everyone (remember what you did with yours? I don't either). The latter thing could be debated as to whether most presidents would have done the same thing but not the rest.
All these discussions need to dive into details. Simple explanations don't jibe with the facts.
In general the debt has grown more due to major tax cuts than spending over the years, and cutting spending can't make much of a dent in the debt anymore unless you go after social security and medicare, which together make up 53 percent of all spending. Add in the military and homeland security and that's up to nearly 75 percent.
Taxes are the biggest factor and and easiest way to reduce it if you say Social Security, Medicare/Aid and the military are off the table. You could eliminate whole federal programs and not make much of a dent. Did you know the wealthy paid far more in taxes when Reagan left office than they do today?
Debt over time is interesting to look at too...went up dramatically with the new Deal in the 30's then was relatively flat until Reagan came along. Been going up under most Red presidents ever since, down under dems, excepting Obama.
Details. Facts--all out there from unbiased sources. Wouldn't have had easy access to them as recently as several decades ago. Today the issue is there is so much intentional twisting of reality out there people that don't go look have all kinds of incorrect assumptions.
In any case, nothing as simple as what any parties candidate says!
What they do for the national debt has more bearing on our future
That's largely due to Trumps tax cuts and his welfare to please those hurt by his tariffs, and late covid "Donald J Trump" signed checks to everyone (remember what you did with yours? I don't either). The latter thing could be debated as to whether most presidents would have done the same thing but not the rest.
All these discussions need to dive into details. Simple explanations don't jibe with the facts.
In general the debt has grown more due to major tax cuts than spending over the years, and cutting spending can't make much of a dent in the debt anymore unless you go after social security and medicare, which together make up 53 percent of all spending. Add in the military and homeland security and that's up to nearly 75 percent.
Taxes are the biggest factor and and easiest way to reduce it if you say Social Security, Medicare/Aid and the military are off the table. You could eliminate whole federal programs and not make much of a dent. Did you know the wealthy paid far more in taxes when Reagan left office than they do today?
Debt over time is interesting to look at too...went up dramatically with the new Deal in the 30's then was relatively flat until Reagan came along. Been going up under most Red presidents ever since, down under dems, excepting Obama.
Details. Facts--all out there from unbiased sources. Wouldn't have had easy access to them as recently as several decades ago. Today the issue is there is so much intentional twisting of reality out there people that don't go look have all kinds of incorrect assumptions.
In any case, nothing as simple as what any parties candidate says!
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