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rickgthf
Senior Advisor

Hey, numbnuts, I see you fire-breathing culture warrior up in .....

... New Hampshire has changed his tune.  The day after tump's handpicked election denier wins the primary he decides Biden won the election, after all, there wasn't any election fraud.

  What's that tell you?

10 Replies
BA Deere
Honored Advisor

Re: Hey, numbnuts, I see you fire-breathing culture warrior up in .....

Looking in the past doesn`t win elections, looking to the future does.   I don`t necessarily agree that`s the way it should be, but it`s the way it is. 

r3020
Senior Advisor

Re: Hey, numbnuts, I see you fire-breathing culture warrior up in .....

It's the economy stupid. And the open border.

rickgthf
Senior Advisor

Re: Yeah, it's the economy alright, .....

.... you stupid *****head.   The price of gas is dropping like a stone, $3.08 here, $3.10 across the street at the Mobil, and  $3.18  5 miles away at the Sunoco.

 What are you going to complain about next month, gasoline too cheap.

BA Deere
Honored Advisor

Re: Yeah, it's the economy alright, .....

Why,  kind sir, is the reason that gas prices coming down?  Oil companies getting in the Christmas spirit?

sam1wiseone
Senior Contributor

Re: Yeah, it's the economy alright, .....

Economy in recession tends to damper demand.  Remember before * when the economy was strong and gas was under 2?     those were the days.

rickgthf
Senior Advisor

Re: "Those were the days", yeah, like when corn was $3 & beans were $9.

   Yeah, those were the days alright.

 As for, "Why kind sir?"  My guess is, that they don't want to get stuck with a tank full of high-priced gasoline they can't sell when the price goes even lower.  Empty the tanks and take a smaller loss, then fill back up with cheaper gas.

  As for the bigger picture, the Ukrainians have got Russia on the skids and Putin by the nuts.  He has been selling oil to the Chinese & Indians for $30-40 a barrel under the market, that's $45/barrel.  Meanwhile, here in the West, people have gotten used to doing with less even while producers are ramping up production.  When Putin's oil comes back on the market, there's going to be way too much oil & the price will crash.

sam1wiseone
Senior Contributor

Re: "Those were the days", yeah, like when corn was $3 & beans were $9.

You do know that currently China is buying Russian oil and reselling it to Europe, right?

 

https://www.barrons.com/articles/russia-oil-price-cap-g7-energy-51662561412

Russia Is Making a Killing Selling Oil. A New Plan May Finally Stop That.

sam1wiseone
Senior Contributor

Re: "Those were the days", yeah, like when corn was $3 & beans were $9.

The major oil producer whose production is being killed is the USA.

dwillinois
Senior Contributor

Re: "Those were the days", yeah, like when corn was $3 & beans were $9.

Diesel is still around 5.50 here and gas around 4 what fuel is used when delivery goods and services and does that cost get passed on to the consumer? I wouldn't beat your meat over it Ricky.

Recession means less demand for energy ask Fed X 

Date Value
September 12, 2022 5.033
September 05, 2022 5.084
August 29, 2022 5.115
August 22, 2022 4.909
August 15, 2022 4.911
August 08, 2022 4.993
August 01, 2022 5.138
July 25, 2022 5.268
July 18, 2022 5.432
July 11, 2022 5.568
July 04, 2022 5.675
June 27, 2022 5.783
June 20, 2022 5.81
June 13, 2022 5.718
June 06, 2022 5.703
May 30, 2022 5.539
May 23, 2022 5.571
May 16, 2022 5.613
May 09, 2022 5.623
May 02, 2022 5.509
April 25, 2022 5.16
April 18, 2022 5.101
April 11, 2022 5.073
April 04, 2022 5.144
March 28, 2022 5.185
Date Value
March 21, 2022 5.134
March 14, 2022 5.25
March 07, 2022 4.849
February 28, 2022 4.104
February 21, 2022 4.055
February 14, 2022 4.019
February 10, 2022 3.074
February 07, 2022 3.951
January 31, 2022 3.846
January 24, 2022 3.78
January 17, 2022 3.725
January 10, 2022 3.657
January 03, 2022 3.613
December 27, 2021 3.615
December 20, 2021 3.626
December 13, 2021 3.649
December 06, 2021 3.674
November 29, 2021 3.72
November 22, 2021 3.724
November 15, 2021 3.734
November 08, 2021 3.73
November 01, 2021 3.727
October 25, 2021 3.713
October 18, 2021 3.671
October 11, 2021 3.586

 

Y chart😂 haven't seen the grand pooh bah of all things post many economic charts lately