Oil Price Increases After Biden Shuts Down Drilling Permits Again

[Dublin ohio]

Okay, and what determines compression ratio?

Engine design

Fernando may have a car that is high performance. He has lots of money. Does that have anything to do with compression ratios?

Don't answer and embarrass yourself.

Most real high performance cars have high compression engines.

 

[Terrel L. Shields]

Stunning reversal as Manchin supports new 'green' bill

This is gonna hurt.

 

[Charles West]

Stunning reversal as Manchin supports new 'green' bill

This is gonna hurt.

The Dems are worried about premium increases in the Affordable Care Act hence they are going into 'do the wrong thing at exactly the wrong time' mode. I have a feeling this will fail in a similar manner as did the Build Back Better monstrosity.

 

[OSU Beavers]

 

[Terrel L. Shields]

The premise that we are not in a recession, in part because gasoline demand remains high does not explain why gasoline consumption is still below the consumption level in 2019. And until layoffs start, gas consumption will remain strong. Once that kicks off (by about next spring I bet) then gas consumption will slow and crude prices fall but the unemployed will not be driving much.

 

[Charles West]

The premise that we are not in a recession, in part because gasoline demand remains high does not explain why gasoline consumption is still below the consumption level in 2019. And until layoffs start, gas consumption will remain strong. Once that kicks off (by about next spring I bet) then gas consumption will slow and crude prices fall but the unemployed will not be driving much.
View attachment 65660

The problem is Biden doesn't have a plan, he is literally letting the fed handle the inflation scenario solo and Schumer and Pelosi think they can spend their way out of it. If the financial community gets nervous we could have some real epic quano hit the fan.

 

[Fernando]

The FED is independent and is responsible for controlling inflation. Powell didn't do good job and is slow in raising rates.
If economy is in recession, the cure is increase government spending and lower taxes. Yes, lower taxes and more business deductions.

 

[glenn walker]

The rouble is soaring and Putin is stronger than ever - our sanctions have backfired and are hurting America and Europe with high inflation and high food costs .

Western sanctions against Russia are the most ill-conceived and counterproductive policy in recent international history. Military aid to Ukraine is justified, but the economic war is ineffective against the regime in Moscow, and devastating for its unintended targets. World energy prices are rocketing, inflation is soaring, supply chains are chaotic and millions are being starved of gas, grain and fertilizer. Yet Vladimir Putin’s barbarity only escalates – as does his hold over his own people.

To criticize western sanctions is close to anathema. Defense analysts are dumb on the subject. Strategy think-tanks are silent. Britain’s putative leaders, Liz Truss and Rishi Sunak, compete in belligerent rhetoric, promising ever tougher sanctions without a word of purpose. Yet, hint at skepticism on the subject and you will be excoriated as “pro-Putin” and anti-Ukraine. Sanctions are the war cry of the west’s crusade.
The reality of sanctions on Russia is that they invite retaliation. Putin is free to freeze Europe this winter. He has slashed supply from major pipelines such as Nord Stream 1 by up to 80%. World oil prices have surged and eastern Europe’s flow of wheat and other foodstuffs to Africa and Asia has been all but suspended.

Britain’s domestic gas bills face tripling inside a year. The chief beneficiary is none other than Russia, whose energy exports to Asia have soared, driving its balance of payments into unprecedented surplus. The rouble is one of the world’s strongest currencies this year, having strengthened since January by nearly 50%. Moscow’s overseas assets have been frozen and its oligarchs have relocated their yachts, but there is no sign that Putin cares. He has no electorate to worry him.
The interdependence of the world’s economies, so long seen as an instrument of peace, has been made a weapon of war. Politicians around the Nato table have been wisely cautious about escalating military aid to Ukraine. They understand military deterrence. Yet they appear total ingenues on economics. Here they all parrot Dr Strange love. They want to bomb Russia’s economy “back to the stone age”.

I would be intrigued to know if any paper was ever submitted to Boris Johnson’s cabinet forecasting the likely outcome for Britain of Russian sanctions. The assumption seems to be that if trade embargo's hurt they are working. As they do not directly kill people, they are somehow an acceptable form of aggression. They are based on a Neo-imperial assumption that western countries are entitled to order the world as they wish. They are enforced, if not through gunboats, then through capitalist muscle in a globalized economy. Since they are mostly imposed on small, weak states soon out of the headlines, their purpose has largely been of “feelgood” symbolism. Meanwhile, the west and its peoples have been plunged into recession. Leadership has been shaken and insecurity spread in Britain, France, Italy and the US. Gas-starved Germany and Hungary are close to dancing to Putin’s tune. Living costs are escalating everywhere. Yet still no one dares question sanctions. It is sacrilege to admit their failure or conceive retreat. The west has been enticed into the timeless irony of aggression. Eventually its most conspicuous victim is the aggressor. Perhaps, after all, we should stick to war.

 

[Fernando]

The rouble is soaring and Putin is stronger than ever - our sanctions have backfired and are hurting America and Europe with high inflation and high food costs .

So you admit that Putin is responsible for high inflation and high food costs.
Ruble too strong is not good for Russia's economy. Too expensive to trade with them. Russia's economy going to be isolated from world.

Western sanctions against Russia are the most ill-conceived and counterproductive policy in recent international history. Military aid to Ukraine is justified, but the economic war is ineffective against the regime in Moscow, and devastating for its unintended targets. World energy prices are rocketing, inflation is soaring, supply chains are chaotic and millions are being starved of gas, grain and fertilizer. Yet Vladimir Putin’s barbarity only escalates – as does his hold over his own people.

To criticize western sanctions is close to anathema. Defense analysts are dumb on the subject. Strategy think-tanks are silent. Britain’s putative leaders, Liz Truss and Rishi Sunak, compete in belligerent rhetoric, promising ever tougher sanctions without a word of purpose. Yet, hint at skepticism on the subject and you will be excoriated as “pro-Putin” and anti-Ukraine. Sanctions are the war cry of the west’s crusade.
The reality of sanctions on Russia is that they invite retaliation. Putin is free to freeze Europe this winter. He has slashed supply from major pipelines such as Nord Stream 1 by up to 80%. World oil prices have surged and eastern Europe’s flow of wheat and other foodstuffs to Africa and Asia has been all but suspended.

Britain’s domestic gas bills face tripling inside a year. The chief beneficiary is none other than Russia, whose energy exports to Asia have soared, driving its balance of payments into unprecedented surplus. The rouble is one of the world’s strongest currencies this year, having strengthened since January by nearly 50%. Moscow’s overseas assets have been frozen and its oligarchs have relocated their yachts, but there is no sign that Putin cares. He has no electorate to worry him.
The interdependence of the world’s economies, so long seen as an instrument of peace, has been made a weapon of war. Politicians around the Nato table have been wisely cautious about escalating military aid to Ukraine. They understand military deterrence. Yet they appear total ingenues on economics. Here they all parrot Dr Strange love. They want to bomb Russia’s economy “back to the stone age”.

I would be intrigued to know if any paper was ever submitted to Boris Johnson’s cabinet forecasting the likely outcome for Britain of Russian sanctions. The assumption seems to be that if trade embargo's hurt they are working. As they do not directly kill people, they are somehow an acceptable form of aggression. They are based on a Neo-imperial assumption that western countries are entitled to order the world as they wish. They are enforced, if not through gunboats, then through capitalist muscle in a globalized economy. Since they are mostly imposed on small, weak states soon out of the headlines, their purpose has largely been of “feelgood” symbolism. Meanwhile, the west and its peoples have been plunged into recession. Leadership has been shaken and insecurity spread in Britain, France, Italy and the US. Gas-starved Germany and Hungary are close to dancing to Putin’s tune. Living costs are escalating everywhere. Yet still no one dares question sanctions. It is sacrilege to admit their failure or conceive retreat. The west has been enticed into the timeless irony of aggression. Eventually its most conspicuous victim is the aggressor. Perhaps, after all, we should stick to war.

 

[glenn walker]

So you admit that Putin is responsible for high inflation and high food costs.
Ruble too strong is not good for Russia's economy. Too expensive to trade with them. Russia's economy going to be isolated from world.

Not at all U.S. And NATO Economic Sanctions created inflation not Putin. Our plan was a self inflicted economic head shot and not thought out very well.