Russian Oil Import Ban

[IH3444]

You know I went to college, I have a technical career and financially stable, so I am probably smarter the 50 to 60% of the population and despite that I sometime I feel pretty stupid but the thoughts that half the population is dumber them myself give me chills.

We are all stupid, just on different subjects....

 

[Hay Dude]

Agree...I just watched a show about the worldwide airline business and they talked about the amount of fuel they use everyday is tremendous. Humans have a huge thirst for oil and something is going to break soon.

That’s the price you pay to be the greatest free market in the world and have constitutionally guaranteed freedom of movement. Most other countries don’t have that.

I already know what will break. Of the ~50% middle class population, a large chunk will no longer classify that way. They will lose status and become more reliant on the government. The economy will go into stagflation and possibly a depression followed by 15-20% interest rates.

 

[jyoutz]

Incredible denial

Not going there with you anymore. You are denying what the oil company shareholder reports have published and you were provided with several of those to read yesterday.

 

[ruffdog]

Not going there with you anymore. You are denying what the oil company shareholder reports have published and you were provided with several of those to read yesterday.

The oil industry LOVES uncertainty in the markets, especially when it is so easy to freak out the common people. It means way more profit for BIG oil. Just watch the news....prices are soaring and people standing in line to pay the high price.

 

[Hay Dude]

Not going there with you anymore. You are denying what the oil company shareholder reports have published and you were provided with several of those to read yesterday.

We learned an incredible amount about you yesterday.
I have always maintained policy is #1 along with markets, war, and environmental reasons.
A pen and a phone drops oil prices back considerably to help Americans. The issue is they won’t do it, because this is part of the “great reset”

 

[CalG]

It seems miss guided to punish a people for the actions of the few in government.

But we do...

Virtue signal all.

Europe will not cancel the gas contracts, and the gas will still flow. Asia is hungry for energy. "The west" is not so mighty any more.

Better to work a deal rather than devise punishments.

 

[LouNY]

If at all. Most on here from what I observe come under what I call 'wannabe' tractor owners, that buy a small unit that isn't at all capable of doing any real ag work anyway. It's the suburban mentality just like owning a pickup truck that never hauls anything but grocery bags.

My tractor do work and my pickup truck 99% of the time is doing farm related tasks. It's NEVER hauled groceries in it's entire life.

My tractor does work at times as does my pickup, but my pickup has hauled grocery's most every week.
It may have been at the same time it was making a parts or supply run.

One factor in fuel prices and most other prices that has not been mentioned is the futures market. When the rules got changed so that the traders couldn't be required to accept physical custody of the product.
If futures traders were required to be able to handle what they were buying and selling much of the speculation and inflationary pricing would go away.

My opinion but the one I believe in, future trading with no intention of accepting the product does nothing but enrich do nothings.

 

[ruffdog]

Some are already saying.....we are now seeing the beginnings of ww3. Hey, isn't that what angry power hungry humans do the best?

 

[Snobdds]

My tractor does work at times as does my pickup, but my pickup has hauled grocery's most every week.
It may have been at the same time it was making a parts or supply run.

One factor in fuel prices and most other prices that has not been mentioned is the futures market. When the rules got changed so that the traders couldn't be required to accept physical custody of the product.
If futures traders were required to be able to handle what they were buying and selling much of the speculation and inflationary pricing would go away.

My opinion but the one I believe in, future trading with no intention of accepting the product does nothing but enrich do nothings.

Speculation pumps liquidly into a market. If traders had to take physical custody of oil, there would only be oil companies trading among themselves and then they would have monopoly power over a market.

They could set any price they want. Trust me, you want speculative traders in a market.

 

[Hay Dude]

Some are already saying.....we are now seeing the beginnings of ww3. Hey, isn't that what angry power hungry humans do the best?

Playing along, what/who power hungry humans are you referring to? Outside of Putin, name some names.