Dismiss Notice
Thanks for being a member of our community. Please donate toward site expenses if you can.

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

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

Page 4 of 6
  1. Heartburn

    Heartburn Well-Known Member

    Joined:
    Nov 3, 2015
    Messages:
    13,581
    Likes Received:
    5,005
    Trophy Points:
    113
    Trump was oil friendly and Biden vowed to destroy that industry. The Greenies deny that the world runs on oil but it actually does. Fuel for transport will effect the price of everything any of us need to live. Biden knows this but he doesn't care if we hurt, he's on a mission.
     
    Heartburn, Jun 19, 2022
    #76
  2. dairyair

    dairyair Well-Known Member

    Joined:
    Dec 20, 2010
    Messages:
    79,016
    Likes Received:
    19,958
    Trophy Points:
    113
    Gender:
    Male
    February 5, 2018
    The chair serves a four-year term after being nominated by the President of the United States and confirmed by the United States Senate;
    https://en.m.wikipedia.org/wiki/Chair_of_the_Federal_Reserve
    ...

    The above date is when the current chair was confirmed.
    Appointed by trump.
    The chair is but one member of the fed res. So the chairman doesn't set rates or control the flow of money either.

    And no president can control the economy. It's way to vast to be done by one person.
    Especially the economy of the entire world.
     
    Last edited: Jun 19, 2022
    dairyair, Jun 19, 2022
    #77
    Alwayssa and Vernan89188 like this.
  3. dairyair

    dairyair Well-Known Member

    Joined:
    Dec 20, 2010
    Messages:
    79,016
    Likes Received:
    19,958
    Trophy Points:
    113
    Gender:
    Male
    What happens to the party in power if it's a bad economy come election time?

    Who claims the world doesn't run on oil?
    Quotes?
     
    Last edited: Jun 19, 2022
    dairyair, Jun 19, 2022
    #78
    Vernan89188 likes this.
  4. Aleksander Ulyanov

    Aleksander Ulyanov Well-Known Member

    Joined:
    Mar 9, 2013
    Messages:
    41,184
    Likes Received:
    16,181
    Trophy Points:
    113
    Gender:
    Male
    That house is at LEAST 10x the size of even larger residences, so I'd expect 5000 gallons

    He's a former POTUS, not the local HS principal.

    Geez, have a little pride in what your country does for our retirees. (oh, sorry, you're Republicans, we don't want the elder's ice floe to be oversized.)
     
    Last edited: Jun 19, 2022
    Aleksander Ulyanov, Jun 19, 2022
    #79
  5. Aleksander Ulyanov

    Aleksander Ulyanov Well-Known Member

    Joined:
    Mar 9, 2013
    Messages:
    41,184
    Likes Received:
    16,181
    Trophy Points:
    113
    Gender:
    Male
    I'll take it over most Trumpers any day.
     
    Aleksander Ulyanov, Jun 19, 2022
    #80
    Vernan89188 likes this.
  6. Zorro

    Zorro Well-Known Member

    Joined:
    Jun 13, 2015
    Messages:
    77,161
    Likes Received:
    51,834
    Trophy Points:
    113
    I'll put you down as a big fan of conspicuous excess.
     
    Zorro, Jun 19, 2022
    #81
  7. Aleksander Ulyanov

    Aleksander Ulyanov Well-Known Member

    Joined:
    Mar 9, 2013
    Messages:
    41,184
    Likes Received:
    16,181
    Trophy Points:
    113
    Gender:
    Male
    Champagne and Caviar for lunch daily.
     
    Aleksander Ulyanov, Jun 19, 2022
    #82
  8. Heartburn

    Heartburn Well-Known Member

    Joined:
    Nov 3, 2015
    Messages:
    13,581
    Likes Received:
    5,005
    Trophy Points:
    113
    Anyone who votes for this war on fossil fuels.
     
    Heartburn, Jun 19, 2022
    #83
  9. Heartburn

    Heartburn Well-Known Member

    Joined:
    Nov 3, 2015
    Messages:
    13,581
    Likes Received:
    5,005
    Trophy Points:
    113
    Can the President fire them or are they stuck with the one their predecessor put in office?
     
    Heartburn, Jun 19, 2022
    #84
  10. (original)late

    (original)late Banned

    Joined:
    Aug 19, 2015
    Messages:
    8,372
    Likes Received:
    4,001
    Trophy Points:
    113
    Gender:
    Male
    Not that simple, there are mainstream economists, who agree on a lot of things.

    I have no idea what you see as a major bone of contention.
     
    (original)late, Jun 19, 2022
    #85
  11. DEFinning

    DEFinning Well-Known Member Donor

    Joined:
    Feb 25, 2020
    Messages:
    15,971
    Likes Received:
    7,607
    Trophy Points:
    113
    Gender:
    Male

    First, I want to thank you both, for sharing your understandings, of what is not one the most invitingly- clear subjects, despite that it should be part of anyone's basic economic conception. My question is, why could not both of your propositions, above, be true?


    But they certainly affect prices. And if overall prices, generally, go up, I don't know how you could differentiate that from "inflation." Are you leaving out some details, in your way of conceiving of this?


    @(original)late

    Just acknowledging that you've started one of the best debate threads (to this point in my reading), that I've seen here, in a while. I appreciate it.
     
    DEFinning, Jun 19, 2022
    #86
    Vernan89188 and (original)late like this.
  12. (original)late

    (original)late Banned

    Joined:
    Aug 19, 2015
    Messages:
    8,372
    Likes Received:
    4,001
    Trophy Points:
    113
    Gender:
    Male
    Thanks a lot, my appreciation of your appreciation is appreciating. :clapping:
     
    Last edited: Jun 19, 2022
    (original)late, Jun 19, 2022
    #87
    DEFinning likes this.
  13. Vernan89188

    Vernan89188 Well-Known Member

    Joined:
    May 11, 2014
    Messages:
    8,685
    Likes Received:
    2,072
    Trophy Points:
    113
    Placing an eventual ending of government subsidies for the oil industry isnt a war on fossil fuels.
    .
     
    Last edited: Jun 19, 2022
    Vernan89188, Jun 19, 2022
    #88
    DEFinning likes this.
  14. Aleksander Ulyanov

    Aleksander Ulyanov Well-Known Member

    Joined:
    Mar 9, 2013
    Messages:
    41,184
    Likes Received:
    16,181
    Trophy Points:
    113
    Gender:
    Male


    Anyone who has kept up on the science of the last 100 years
     
    Aleksander Ulyanov, Jun 19, 2022
    #89
  15. Polydectes

    Polydectes Well-Known Member

    Joined:
    Jun 21, 2010
    Messages:
    53,653
    Likes Received:
    18,221
    Trophy Points:
    113
    Gender:
    Male
    No I'm not familiar with prospecting companies are you
     
    Polydectes, Jun 19, 2022
    #90
  16. Kode

    Kode Well-Known Member

    Joined:
    Feb 5, 2016
    Messages:
    26,566
    Likes Received:
    7,502
    Trophy Points:
    113
    Gender:
    Male
    If you owned a corporate mega-farm and raised wheat, and to meet your annual target for supplying the US market your 58 million tons weren't quite enough so you had to import 3 million tons, would you think it reasonable to price your 58 million tons based on the price you paid for the 3 million foreign tons, or based on an average of the total cost of the 61 million tons?

    Exxon says the price should be based on the very elevated price of the foreign wheat. (I'm sure excess profits wouldn't be the real motivation. ;^)
     
    Kode, Jun 19, 2022
    #91
  17. dairyair

    dairyair Well-Known Member

    Joined:
    Dec 20, 2010
    Messages:
    79,016
    Likes Received:
    19,958
    Trophy Points:
    113
    Gender:
    Male
    I gave you a link to read about how the Fed Res chariman is nominated and confirmed and for how long.
    Read it.
     
    Last edited: Jun 19, 2022
    dairyair, Jun 19, 2022
    #92
  18. dairyair

    dairyair Well-Known Member

    Joined:
    Dec 20, 2010
    Messages:
    79,016
    Likes Received:
    19,958
    Trophy Points:
    113
    Gender:
    Male
    It was a simple question, why not just answer it? Give some companies that went out of business.

    If you are not familiar, why make a claim you no nothing about?
     
    Last edited: Jun 19, 2022
    dairyair, Jun 19, 2022
    #93
  19. dairyair

    dairyair Well-Known Member

    Joined:
    Dec 20, 2010
    Messages:
    79,016
    Likes Received:
    19,958
    Trophy Points:
    113
    Gender:
    Male
    Where's the quotes?
    At this point, anyone making a claim without a source of evidence, is just making it up.
     
    dairyair, Jun 19, 2022
    #94
  20. Polydectes

    Polydectes Well-Known Member

    Joined:
    Jun 21, 2010
    Messages:
    53,653
    Likes Received:
    18,221
    Trophy Points:
    113
    Gender:
    Male
    I already told you why it was a simple explanation why not just accept it?
     
    Polydectes, Jun 19, 2022
    #95
  21. dairyair

    dairyair Well-Known Member

    Joined:
    Dec 20, 2010
    Messages:
    79,016
    Likes Received:
    19,958
    Trophy Points:
    113
    Gender:
    Male
    Your answer is, you aren't informed enough to answer your very own claim? OK.
    But no one should accept answers that can't be substantiated.
    Why do you?
     
    Last edited: Jun 19, 2022
    dairyair, Jun 19, 2022
    #96
  22. dairyair

    dairyair Well-Known Member

    Joined:
    Dec 20, 2010
    Messages:
    79,016
    Likes Received:
    19,958
    Trophy Points:
    113
    Gender:
    Male
    A simple recap from a 4 page thread.
     
    dairyair, Jun 19, 2022
    #97
  23. Polydectes

    Polydectes Well-Known Member

    Joined:
    Jun 21, 2010
    Messages:
    53,653
    Likes Received:
    18,221
    Trophy Points:
    113
    Gender:
    Male
    You're in la la land. I never gave an answer I can't I explained why.

    It's simple.
     
    Polydectes, Jun 19, 2022
    #98
  24. dairyair

    dairyair Well-Known Member

    Joined:
    Dec 20, 2010
    Messages:
    79,016
    Likes Received:
    19,958
    Trophy Points:
    113
    Gender:
    Male
    Then why make a claim in the 1st place?
     
    dairyair, Jun 19, 2022
    #99
  25. Alwayssa

    Alwayssa Well-Known Member

    Joined:
    Jun 13, 2012
    Messages:
    32,956
    Likes Received:
    7,587
    Trophy Points:
    113
    Except Saudi Arabia and OPEC had an oil embargo on the United States due to our support for Israel. Today, we have producers who, quite literally, do not want to produce more oil for one reason or another.
     
    Alwayssa, Jun 19, 2022
    #100
Page 4 of 6

Share This Page