The Biden Presidency: Repairing America.....again

Who’s thread is this ?

It’s not their thread , or my thread , or your thread . It’s OUR thread .

I think there’s a disconnect somewhere with most of you . I see nothing marked or written down anywhere that says threads are segregated , or only to be answered or replied to by a certain group of individuals .

This is bordering on absurd now . I’m embarrassed for this forum . Is this really where you guys are going with this ?

wow .

@spockgato

 Actually in the mind game cesspool which is politics there is no OUR anything and that is 100% what is wrong with politics. This sub-forum is not anything close to a collective or a community, it is likely the worst part of the forum and least with regards to sharing information and showing respect.

I am not siding with either side I am saying BOTH sides are flawed and at fault, but we are not concerned with partisan games and only about keeping the rules of THIS site.

kelly and fubah instead of gloating and agreeing with what I say that you like, why not make the forum better for more than just your DNC pals? Why not make efforts to have conversations and discord with ALL members here?

I am not agreeing or siding with your group in the slightest, I am only about supporting the rules of Covers and it is well known that your group makes this sub forum pretty lousy with how you isolate and continually bump threads adding little value or information. I dont know why you guys play the games you do but it is juvenile and a waste of time trying to one-up the other group as you do on a hourly basis.

I was actually surprised when I saw this data a few weeks ago on U.S. oil production.  I can only conclude the Russia sanctions on oil have seriously disrupted the "global supply."  Sure, China is a large buyer of Russian crude, but Russia may still have a sizeable crude inventory that would normally be available to the global supply?  Not clear to me..   

@wallstreetcappers

Hi Wally!     You'll recall I discussed this with you in private PMs 2 months ago in a 7-part discussion.   I can't speak for others but that stated *FIRM* position against engaging with partisan trolls and/or the several constantly disrespectful/mocking/harrassing/insulting MAGA partisans currently on this site has not changed.  Others should feel free to engage them as they wish.  I won't and for ALL the reasons I painstakenly took the time and effort to explain politely/respectfully to you in my PMs. 

As I said before, if you wish to discuss further, that's fine,  but I will only do so privately via PM. 

@Rush51

The reality is we are not an isolated island with regards to crude production and consumption and capitalism rewards corps finding the best pricing for their profits so Trump or Biden has little to nothing to do with oil prices or gas prices. Its a cool political cat toy to throw around and blame when it serves a partisan purpose but it just has zero validity as to reality. The only way we can be energy independent as such a silly term is tossed around is if we were to isolate and shut down capitalism, make and consume only what we produce, have ZERO involvement with the world and thus OPEC. Anything else is really stupid speak, we are at peak peak peak and yet oil is 77 plus and gas in my state is over 3 per...so toss out your partisan silliness and see reality.

Government spending does not even make a splash in the ocean to impact GLOBAL demand and since most all economies are interconnected global supply is not determined by a political party of the USA.

@fubah2

 That is not the point or the issue. Thanks for repeatedly stating PRIVATE PM, that necessity is due to the divide you create by isolating and stirring the pot the way you guys do. The bumping, peace signs, handshakes, headlines that are not adding value to bump your threads and when you guys make more more more more threads when  in reality only a SINGLE thread is needed, a DNC thread...nothing else. That all creates drama, animosity, partisan divide.

My comment above is that you guys create the issue with tactics you use, and also as I said all I care about is keeping the site rules, but the point was not about site rules it is about how your content is not inclusive you are not creating discussion or dialogue you are not adding value by isolating and in making little attempt to respectfully discuss topics and content. Your group does little more than beat the same drum over and over, its a partisan DNC Biden drum hour by hour, day by day and it causes divide.

It would be great if BOTH sides attempted to have political and economic discussion, but even though some people think it is possible I of course think it is not because neither side is interested in discussion, this sub forum is about validating partisan beliefs not about discussion or learning or intelligent conversation.

Can't really say it better.  And my feedback is NOT directed at anyone here but rather any and all those in America - be it Congress, cable, print or social media - who wrongly believe gas prices are all (or mostly) the fault of Joe Biden and the Democrats.....And same for inflation -- which by the way, in the US nowadays,  is LARGELY (but not solely) driven by higher pump prices.....or was......but they're falling now thankfully! 

@wallstreetcappers

   Would be pleased to discuss with you in private PM only anytime you wish, Wally 

Food prices are 30+% above 2019 levels.  It's a ""compounding affect""  you know... Like 2.5% inflation today is on top of the ridiculously, almost double digit inflation from a year ago. 

When was the last time you went shopping ? 

People will remember 1 year from now.  They won't be celebrating your "" inflation is coming down "" party.  

 the bulk of it cause either directly or indirectly by opec nad that fascist terrorist in russia    with still some hangover from the 2020 pandemic that rump welcomed into our country

@Rush51

 I have to chirp in on that food inflation topic, I consider what we experienced the last year and now is greed-flation and corps are taking full advantage. There is a tinge of supply chain issues still and there is less supply, but as I discussed a few times the lack of supply I strongly feel is due to cost of capital...corps now are paying for capital versus for the last 5 years it was FREE. Corps could easily expand that marginal supply even at lower prices sold because it cost like ZERO to finance the production.

I dont blame a politician for higher rates or for greed-flation, to me it is not at all a partisan issue. If it was how about you kick your GOP house in the butt and do something outside posturing for media attention. Nothing is getting done in the house and with religious wackos in places of responsibility AND a wide divide amongst the RNC I dont see much getting done of any value, they cant even agree to oust that fraud Santos cleanly.

Second this. Thanks for clearly spelling out what some individuals can not grasp. People come to this forum to hear both sides and to continually see non sense really does create a garbage disposal of word and emoji vomit in this forum. If people want to send emojis, you can do that privately. The antagonizing is usually started from this sort of tactic and will cease when this non sense stops. Bring discussion, ideas or topics of conversation that is from your own mind and stop with the non sense and pointless copy and pasting of MSM articles. 

Thanks WSC. 

Yep, "greed inflation" is both apparent and rampant.   There is inflation every year of course, but this is ridiculous, and though the cost of fuel thanks to the Saudis and Putin is through the roof raising inflation here it doesn't account for all of it.  Corporate greed is a major player too

You are also correct this is a non partisan issue and not caused by the current government.

Thanks WSC! 

OPEC probably has the greatest single effect in any year they make policy change.

@Zeus4par

 Maybe if a certain admin wasn't actively trying to alienate when "clean" energy is not ready for full production, our pockets wouldn't be getting crushed. Moderation is key.

Absolutely, the oil and gas markets are extremely dynamic and the most touchy commodity there is.

But to say the President does not have influence to a degree is very incorrect and displays a lack of understanding of market economics.

Certainly a President does not have control but, he definitely, can have some influence — especially in the long term.

These markets are very speculative and what a President might do can easily influence the markets short term.  Then if they implement policies/orders that these markets see as negative measures — then the longer term effects can take place.

You can even see the anticipatory influences in the election years and up into the inauguration dates.

These dates happen to coincide with the bottoming of the yearly markets, accounting for lagging time of RVP adjustment and travel effects.

The last several President’s variance during these times:

Carter +.11

Reagan -.04

GHWB -.195

Clinton +.076

GWB +.072

Obama +.07

Trump +.065

Biden +.533

The biggest jump from Election Dayish to Inauguration Dayish timeframe was by far from Trump to Biden of +.39

For comparison:

Carter to Reagan was 0

Reagan to Bush was +.09

Bush to Clinton was 0

Clinton to Bush was +.072

Bush to Obama was -.23

Obama to Trump was +.11

Trump to Biden of +.39

There are very good reasons the market reacted to ‘news’ that Biden was likely to win and then reacted when he did win and then reacted when he was inaugurated.

It did so more than any other President and this was because of the anticipation of the restrictions and regulations that everyone knew Biden and his advisors had announced they would do — and did.

When demand during the Pandemic and Russia decided not to cut production with OPEC the oil markets, essentially, crashed. 

In order to stabilize the market the production had to be cut.

After the Trump deal was negotiated, the oil expert, Dan Yergin said at the time that this deal was the ‘biggest and most complex’ deal ever made and was very decisive in stabilizing the markets.

This same influence that Trump had, Biden has.

But forever, Biden kept saying there was nothing he could do and it was beyond his control.  He then blamed it on all sorts of things from Putin, to gas station owners.  But when prices settled back some he tried to take full credit and said his administration’s ‘actions’ were playing a huge part.

Obviously releasing from the SPR was one of the things they claimed helped, even though most agree it was negligible at best.

But it is very convenient for him to claim he cannot influence it when the price is up and then claim he influenced it when the price is down.

When you come in office on plans to regulate and restrict and then follow through for agenda reasons, the prices will obviously go up — even if it might be rhetoric.

It is natural to see why folks blame the President even if he is not completely to blame.  But when you do not do anything to reverse polices to try to get it under control it looks bad.  At least Trump realized that just because low prices were ‘good’ for the customer, something had to be done to get it back under control.  Trump then changed his mind on low prices just being ‘good’ for the customer and realized a lot more was at stake if the market crashed.  Biden and his advisers have refused to change course.

It is like one of the analysts was pointing out before on how the markets react.  He said if, just for example, Biden were to reverse the Keystone Pipeline the oil price would drop by $10 even though it would not be operable for years.

These things can influence the markets very positively or negatively because of the sentiment of the politicians in office at the time.  

Biden came into office with a very anti-oil sentiment and has nothing to change that sentiment.

For example:

Regulations put forth by the Biden Administration don’t exactly spell out a desire to bolster our participation in a healthy and thriving oil market, either. Russian pipelines are apparently OK, but drilling on American soil is a hard no. After attempting to raise climate-related cost estimates for oil and gas leases was found in federal court to be unnecessarily harmful to energy-producing states, the administration suspended the plans for those leases altogether. America needs more oil, but President Biden seems determined to do the opposite. What else should we expect from a president who pledged on the campaign trail “to get rid of fossil fuels?”

Oh goodie the pipeline discussion again. The pipeline has zero to do with production or exploration it takes sour crude to Valero and they refine it, that is all the pipeline does. It isnt even American product that sources, its from Alberta and down to Texas, then refined and sent on its way either to China or whatever product is not committed per the Canadian agreements the rest is capitalism in action. It will not change the world dynamic because the bulk of oil production is controlled by a cartel, not by the US and Canada.

If Canada wants to refine sour toxic crude then build a stupid refinery and do it there, it is their product, their corps, their problem. The only way that such a one sided deal works for the US consumer is if we isolate and produce/consume ONLY our own product or Alberta sour or whatever other full crude that Canada produces. Since Canadian corps have foreign agreements for their product AND capitalism controls how corps send their product wherever they choose, we can produce at all time highs and it does not impact prices to US consumers and that is because OPEC controls more product than the US/Canada. 

I noticed that Russia inked a deal to take over a new Iraqi oil reserve discovered that is the largest in a very long time...so new reserves controlled by OPEC, sounds great.

You want the POTUS to control ANY pricing? Then nationalize all oil product and keep supply here, that is the only way from a supply aspect we have ANY control, from a demand perspective we have to use less oil, less plastics, find ways to consume less and discover other sources for any resulting oil based product...not just crude and gas use.

@wallstreetcappers

 Oh goodie the pipeline discussion again. The pipeline has zero to do with production or exploration it takes sour crude to Valero and they refine it, that is all the pipeline does.

Yes.  He is an expert analyst.  He is very well aware of that.  That was his point about the markets being reactive to news even if the affects are not necessarily realized or will take years. 

@wallstreetcappers

 You want the POTUS to control ANY pricing?

As the other guy points out it is NOT about 'control' BUT doing and using things you have at your disposal that 'influence' it, whether positive or negative.

Like the examples listed above. 

When a cartel controls production majority, THEY control pricing from a supply perspective. The end user can control demand but the larger consumer controls more demand than a auto driver or the POTUS.

The examples listed are not relevant to taking control of supply from a cartel or dramatically reducing demand to influence pricing.

Isolating supply and demand is really the only way to break a cartel...that isnt happening.