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Way back in the late 70s, gas prices were going up

Discussion in 'Political Opinions & Beliefs' started by (original)late, Jun 14, 2022.

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  1. Zorro

    Zorro Well-Known Member

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    Zorro, Jun 17, 2022
    #51
  2. David Landbrecht

    David Landbrecht Well-Known Member

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    It's SUV, not POTUS.
     
    David Landbrecht, Jun 18, 2022
    #52
  3. Polydectes

    Polydectes Well-Known Member

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    It's kind of a different story now due to fascism sweeping our country in the form of lockdowns drilling companies have gone bankrupt.

    There's nobody to drill our oil because our politicians put them out of business.

    If they start drilling now it'll be 2 years before you see any relief.
     
    Polydectes, Jun 18, 2022
    #53
  4. Polydectes

    Polydectes Well-Known Member

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    It's not about fossil fuels or green energy or any of that the entire point of this is about hurting the fossil fuel industry.

    It's hatred of it because it works and they're blaming fossil fuels for the failure of wind and solar.

    So called renewables that aren't really renewable that's a lie you are a boondoggle. And the people that desperately wanted to believe in them are pissed. And they're lashing out.

    But kind of like when a child throws a fit and breaks their own toys the only person they're hurting is themselves.
     
    Polydectes, Jun 18, 2022
    #54
    Zorro likes this.
  5. (original)late

    (original)late Banned

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    The frackers were massively overleveraged.

    I've been expecting that one...
     
    (original)late, Jun 18, 2022
    #55
    Vernan89188 likes this.
  6. Polydectes

    Polydectes Well-Known Member

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    Prospecting isn't cheap.
     
    Polydectes, Jun 18, 2022
    #56
  7. (original)late

    (original)late Banned

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    Point is, you were wrong.
     
    (original)late, Jun 18, 2022
    #57
  8. doombug

    doombug Well-Known Member

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    Wrong. The problem is Democrat policies are killing the economy.
     
    doombug, Jun 18, 2022
    #58
  9. (original)late

    (original)late Banned

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    Looks like we are headed into a recession, that happens from time to time, and I've seen worse. War and Covid are the main causes.

    Assuming there is any contact between you and reality.
     
    (original)late, Jun 18, 2022
    #59
  10. doombug

    doombug Well-Known Member

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    Democrats in power is the MAIN CAUSE.
     
    doombug, Jun 18, 2022
    #60
  11. Polydectes

    Polydectes Well-Known Member

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    I'm not though.
     
    Polydectes, Jun 18, 2022
    #61
  12. (original)late

    (original)late Banned

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    I forget the name, but the top economist on money theory says money is created when you take out a loan, and destroyed when you pay it back.

    Banks do create money, it's a serious problem for the Fed, because they are slowly losing control over the money supply, there are a growing number of entities that can create money.

    This once I won't give you a hard time, because that can take a while to wrap your head around.
     
    (original)late, Jun 19, 2022
    #62
    Vernan89188 and Quantum Nerd like this.
  13. fmw

    fmw Well-Known Member

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    I've read this before. I view it as nonsense.
     
    fmw, Jun 19, 2022
    #63
  14. (original)late

    (original)late Banned

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    That and a few bucks will get you a lousy cup of coffee at Starbucks.
     
    (original)late, Jun 19, 2022
    #64
  15. fmw

    fmw Well-Known Member

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    That will save me some money. I don't patronize Starbucks.
     
    fmw, Jun 19, 2022
    #65
  16. (original)late

    (original)late Banned

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    Neither do I. I hate Starbucks, and have a 5 minute rant about bad coffee. 40 years ago, I used to drink the world's best, most of the coffee you see now doesn't deserve the name.

    But I do read a fair amount about economics, you clearly have not.
     
    Last edited: Jun 19, 2022
    (original)late, Jun 19, 2022
    #66
  17. fmw

    fmw Well-Known Member

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    I actually studied it in college. That is where I learned the uselessness of the study. Economists agree that prices follow supply and demand. Beyond that, they don't agree on anything. It is something like politics. It is nonsense.
     
    fmw, Jun 19, 2022
    #67
  18. Aleksander Ulyanov

    Aleksander Ulyanov Well-Known Member

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    College, a place where a bunch of people who freely admit they know nothing make a good living teaching others the same.

    If economics had any validity all economists would be rich beyond any dream of avarice
     
    Last edited: Jun 19, 2022
    Aleksander Ulyanov, Jun 19, 2022
    #68
  19. fmw

    fmw Well-Known Member

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    And yet you want me to take the pronouncement of a college trained economist over my own eyes, ears and common sense.
     
    fmw, Jun 19, 2022
    #69
  20. garyd

    garyd Well-Known Member

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    Sorry you aren't carpooling in a Prius...
     
    garyd, Jun 19, 2022
    #70
  21. garyd

    garyd Well-Known Member

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    no two
    economist agree on everyhing and that's a major bone of contention. Among them
     
    garyd, Jun 19, 2022
    #71
  22. dairyair

    dairyair Well-Known Member

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    Most people know political parties don't print money.

    The fed res controls money supply.
     
    dairyair, Jun 19, 2022
    #72
  23. Heartburn

    Heartburn Well-Known Member

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    Doesn't the President decide who heads the Fed? If there are people who really believe that Biden isn't the root cause of the mess we have today it' is easier to understand how the jackass got elected. We are getting exactly what the left promised they would do.
     
    Heartburn, Jun 19, 2022
    #73
  24. dairyair

    dairyair Well-Known Member

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    that's nonsense. Trump GDP was little changed from the previous 8 yrs GDP.
     
    dairyair, Jun 19, 2022
    #74
  25. dairyair

    dairyair Well-Known Member

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    Which ones went out of business.
    How much has USA oil production dropped?
     
    dairyair, Jun 19, 2022
    #75
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