Does anyone regret their vote for Joe Biden?

roscoe

Well-known member
You brought him up, I never have and I'm not sure what "folks" you refer to.
Why invoke the murderer of a mere 6 million when Stalin, or "Uncle Joe" as FDR affectionately referred to him, had ten times more victims?
 

doubleh

Member
Um, you are ignoring the thousands of factors that affect oil prices. Nothing Biden has done has decreased current oil production. Or prices.

So sayeth Fox news:

Um, shutting down construction of a major pipeline and stopping leases on federal land had nothing to do with putting roadblocks in front of oil production? The price of crude started climbing immediately upon those actions and hasn't stopped yet. Oil is traded as a commodity and like all commodities, supply and demand drive the price. Biden actions hamped the oil industry. I know, in your world democrats can do no wrongs, republicans can do no right. Go peddle that somewhere else, I am not buying.
 
Hey, throw in the US too. It is estimated that 50 to 61 million babies have been aborted since Wade vs. Roe went in to effect.
Margret Sanger's legacy is right up there with the best of the worst. She has a couple devote followers in Joe and Nancy.
(both also devout Catholics :rolleyes: )
 

theotherwaldo

Well-known member
Yeah, FDR didn't like communism.
That's why he had Henry A. Wallace, a card-carrying Communist, as his vice president during the war years... .
 

roscoe

Well-known member
Um, shutting down construction of a major pipeline and stopping leases on federal land had nothing to do with putting roadblocks in front of oil production? The price of crude started climbing immediately upon those actions and hasn't stopped yet. Oil is traded as a commodity and like all commodities, supply and demand drive the price. Biden actions hamped the oil industry. I know, in your world democrats can do no wrongs, republicans can do no right. Go peddle that somewhere else, I am not buying.
Actually, no, it didn't reduce the current supply at all, and so had no effect on current prices. Future prices, potentially, but those projects were not going to go online for years, so no, not current prices.
 

roscoe

Well-known member
Yeah, FDR didn't like communism.
That's why he had Henry A. Wallace, a card-carrying Communist, as his vice president during the war years... .
No, he was not. Your statement shows a complete misunderstanding of his positions.
 
Last edited:

theotherwaldo

Well-known member
That's right.
Partnering with a communist means that you hate communism.
Shutting down major pipelines and blocking drilling leases means that you support oil production.
Orwell wrote a book about folks like you... .
 
Last edited:

doubleh

Member
Actually, no, it didn't reduce the current supply at all, and so had no effect on current prices. Future prices, potentially, but those projects were not going to go online for years, so no, not current prices.
Your reply shows you no inkling of the oil business. The price of West Texas Intermediate crude was $$37.66 on election day, 2020. Right now, today, it is $79.35 almost double what is was back then. Biden has had no effect? Peddle that to the other liberals.

I'm done. No use dealing with trolling and that is all you do. Bye now.
 
Actually, no, it didn't reduce the current supply at all, and so had no effect on current prices. Future prices, potentially, but those projects were not going to go online for years, so no, not current prices.
It appears we have found yet another subject that you fail to comprehend but have somehow convinced yourself that you are and expert on.
 

wiscoaster

Well-known member
Actually, no, it didn't reduce the current supply at all, and so had no effect on current prices. Future prices, potentially, but those projects were not going to go online for years, so no, not current prices.
This is half correct and half incorrect. It's the current perception of future supply that is what primarily affects current prices and future prices, not the actual current supply. Apparently you know nothing about the futures markets, which I have actual experience trading, and have made some decent money doing, a couple decades ago. All energy prices - crude oil, natural gas, electricity, are determined by their futures market prices, prices determined by futures markets participants, buyers and sellers, which may include users: producers and refiners, and also speculators and hedgers.

This, for example, is a one-year daily bar chart of West Texas Intermediate Crude Oil for a contract to make (as seller) or to take (as buyer) delivery in December (which is the current monthly contract with the most "open interest" - aka number of contracts to buy and to sell - each contract representing one buyer for one barrel of oil and and one seller of one barrel of oil) and you can see a recent accelerating upward trend. The price a buyer will pay for a barrel of crude oil in December will be the price at which they purchased the contract, which if they had purchased it back in July would have been about $70 a barrel, but almost $80 a barrel if they just purchased it today. There are many grades of crude oil and many producers, but WTI Crude is the "benchmark" on which they all price their products at a discount or a premium depending on what kind and how much refined products they can get out of it.

Screen Shot.png



Terminating a potential source of production does affect the perception of what future prices will need to be to obtain supply and so, yes, terminating the pipeline does affect actual prices paid, because all delivery months get bid up by that perception of potential future short supply.
 
Last edited:

theotherwaldo

Well-known member
I'll admit that I voted for Carter.
His policies did me out of two jobs, an occupation and the idea of being a solid Democrat.
I think that Biden will do this for a whole new generation... .
 

roscoe

Well-known member
This is half correct and half incorrect. It's the current perception of future supply that is what primarily affects current prices and future prices, not the actual current supply. Apparently you know nothing about the futures markets, which I have actual experience trading, and have made some decent money doing, a couple decades ago. All energy prices - crude oil, natural gas, electricity, are determined by their futures market prices, prices determined by futures markets participants, buyers and sellers, which may include users: producers and refiners, and also speculators and hedgers.

This, for example, is a one-year daily bar chart of West Texas Intermediate Crude Oil for a contract to make (as seller) or to take (as buyer) delivery in December (which is the current monthly contract with the most "open interest" - aka number of contracts to buy and to sell - each contract representing one buyer for one barrel of oil and and one seller of one barrel of oil) and you can see a recent accelerating upward trend. The price a buyer will pay for a barrel of crude oil in December will be the price at which they purchased the contract, which if they had purchased it back in July would have been about $70 a barrel, but almost $80 a barrel if they just purchased it today. There are many grades of crude oil and many producers, but WTI Crude is the "benchmark" on which they all price their products at a discount or a premium depending on what kind and how much refined products they can get out of it.

View attachment 1823


Terminating a potential source of production does affect the perception of what future prices will need to be to obtain supply and so, yes, terminating the pipeline does affect actual prices paid, because all delivery months get bid up by that perception of potential future short supply.

Your reply shows you no inkling of the oil business. The price of West Texas Intermediate crude was $$37.66 on election day, 2020. Right now, today, it is $79.35 almost double what is was back then. Biden has had no effect? Peddle that to the other liberals.

I'm done. No use dealing with trolling and that is all you do. Bye now.

So, I am no expert on petroleum economics, but I literally cannot find a single serious economist who attributes the change in gasoline prices to any act by Joe Biden. The economy rebounding is a big factor, driving up demand, as is the normal seasonal shift, the Colonial Pipeline hack, COVID putting tanker drivers out of work for a while, with a subsequent backlog, but nothing about Biden.

If you can find something reputable, please show me.
 

roscoe

Well-known member
Your reply shows you no inkling of the oil business. The price of West Texas Intermediate crude was $$37.66 on election day, 2020. Right now, today, it is $79.35 almost double what is was back then. Biden has had no effect? Peddle that to the other liberals.

I'm done. No use dealing with trolling and that is all you do. Bye now.
Trolling? You mean I question what you say? Make you support your position? Force you to provide evidence?

Heavens, I am sorry you feel so challenged. Find another forum where the echo chamber makes you feel all warm and fuzzy.
 
Top