Pavlich: Biden's self-inflicted energy crisis

Not really! The world's just happy that the 'deep state' with their MSM propaganda outlets put a demented person at the helm, that way they can laugh at us as we wane in power.

By the way, China is now the foremost economic and naval power in the world. Xi said his old friend Biden is lying, and that he never agreed to having talks on nuclear arms. But then again, lying has always been Biden's forte'.

 

Liberals can dish it out, with every sort of vile and vulgar insult, as I have seen directed against the "Orange Man" here on PF for years. But a cute little poem about Biden causes outrage.

Perhaps the rough and tumble world of debate here requires a thicker skin. Just sayin.

 

*LOL*

Uh, no. Not even that close in either respect.

 

Like what?

 

What does this even mean?

 

Does stopping oil exploration and shutting down pipelines have anything to do with it? The U.S. led in oil exports in the previous administration.

 

Wrong. It's already been demonstrated you're the least competent economist.

I get you're part of the Mouse-Click Generation who live in a world of video games. I'll try to explain it to you using small words in the hope that you might understand.

Oil service companies run the oil and natural gas fields around the world that are owned by oil companies or for which the rights to the resources are owned by oil companies.

STUPID-19 cause slack Demand for oil and natural gas globally.

That forced the shut down of oil and natural gas wells because it's oil and natural gas and not cans of soup that you can stockpile in warehouses.

The wells in the US have to be shut down in accordance with EPA regulations, which means it takes an oil service crew 6-10 days working 8-12 hours a day to cap the well, blow-out the feeder lines to the subsidiary or main pipeline, lock all the valves shut, and drain all the coolants and hydraulic fluids from the machinery that runs the wells and pumps.

Once 1,000s of wells were shut down in the US, there wasn't much else for the oil service companies to do and that caused a problem, because 61 US oil service companies filed bankruptcy since they had no income.

Now Demand is high but there is a problem, namely that 61 US oil service companies are in receivership.

That means a judge in a bankruptcy court has appointed a trustee to run the company.

You own an oil service company and you want to re-hire or recall the workers you let go, but you can't because you ain't running your company any more. The trustee is running your company and you can only re-call your workers if the trustee says you can and the trustee won't say you can, until your books are balanced and you've paid down some of your debt.

Can't the oil companies hire other oil service companies? No, because they have a contract and that would breach the contract and invite a lawsuit.

Can't the oil companies sue the oil service companies for breaching the contract? Well, yeah, but that isn't a mouse-click either. You have to file a complaint, and the oil service company gets time to respond, and then there's the pre-trial conference and discovery is set for 6 months to 3 years (or more) and then there's pre-trial motions and that can drag out for several years.

Not only to the US, France and Russia -- the three major player in the oil service industry -- run all the oil and natural gas fields in their own countries, they run them for most of the countries on Earth. The Romanians, Germans, Italians and Brits run the other oil fields.

So, it's gonna take a few more months to get oil and natural gas production back to where it was.

 

I am not going to even address it if you haven't kept up at all!

 

Since we're not nationalizing these industries, tie the "polices" directly to an administration. Also, tie that to the price structure of these globally traded commodities.

BTW, our natural gas production leading the world goes back to the Obama administration. Under your "theory", doesn't he deserve the credit?

 

Huge cop out. Your options: (a) do a better job of using the English language as a mediumim which to communicate, and (b) quit evading simple and direct questions.

What did your post mean?

 

Our retailers are all seeing their share prices increase with THEIR RISING PROFITS.

 

Wooley, did I write anything in my verses that's a lie? The problem is that Biden is old and senile, and everything seems so terribly mean. The anger though shouldn't be addressed towards those who attack him, but to the power brokers in the Democratic Party that installed him for their own self serving reasons.

 

He should have told somebody about it then.

 

Biden sells out America when he ends our pipeline and gives Russia theirs. Biden sells out America when he pulls out troops from Afghanistan before civilians.....in other words , he surrendered rather than an orderly retreat. Biden sells out America every day when he allows illegal entry at our Southern Border. He sold out America when he stopped the border wall. He sold out America when he ended the remain in Mexico policy. He sold out America when he demands mandates (which he said he would never do)
There.....is that good enough "using the English language as a mediumim" (whatever that is)

 

~ Look what happened to Germany when they went off nuclear power ... another self-imposed " energy crisis ". Same in Australia with dependence on wind/solar .

 

Now sure why you chose Blame Biden for overall inflation. Definitely he can be blamed for OIl .. but not for overall inflation.

 

You don't think all the money he has and still keeps pumping into the economy has had an effect?

 

Absolutely --- but not on the overall inflation equation in the immediate term

 

It just spontaneously started right after Biden flooded the country with free money? Git outa here.

 

Its called Covid ... plus we have been way overdue .. plus we have been messing with the invisible hand since 2000 .. big time since 2008.. YES .. Biden has continued this process .. and exacerbted it .. but these things do not arise in 2 years .. this is the "Long Term Pain" for which we are way overdue.. factors which will result in the defacto end of the US economic empire .. Soon.

 

Wrong. This is basic economics. You have a sharply increased demand, but production is still lagging. Scarcity + high demand = higher prices.

Presidents don't control demand, and do not control production.

 

They sure as heck can disincentivize production and that is exactly what this President has done.

 

You got a different definition of inflation in your basic economics class than I got in mine. The definition I remember for inflation was more money chasing fewer goods.

 

~ I made a donation to Wikipedia. This is from that site :

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

Wikipedia​

 

We need more people back in the work force producing and transporting goods. People aren't buying more than they did years before. I sure can't buy more based on the prices. We will be learning to live with a lot less pretty soon and increases in tax will only make it worse.