fuel prices

[richard5933]

Why do we need to import oil ? fuel prices are not high in South America in Venezuela fuel is cheaper than toilet paper

Sure - it was cheap for consumers in Venezuela because the government was heavily subsidizing the price. They control the price and kept it artificially down so long is helped destroy their economy.

Thought you were against government control of prices?

[chessie4905]

Pilot-Flying J ceo. on def supply on U-tube. Worth a watch. Very surprising info on the coming and current def supply shortage.

[luvrbus]

Pilot-Flying J ceo. on def supply on U-tube. Worth a watch. Very surprising info on the coming and current def supply shortage.

DEF won't shut trucking down you can by pass it with programing with the EPA ok Cummins did it when no sensors were aviable for about a year during the CV-19 BS 

[chessie4905]

Problem with de activating the def system, the accumulated soot will plug up the system eventually.
But the interesting part of the video is who controls supply and source of ingredients.

[luvrbus]

Problem with de activating the def system, the accumulated soot will plug up the system eventually.
But the interesting part of the video is who controls supply and source of ingredients.

I toured the big DEF manufacturing plant in Blackfoot ID they have all the ingredients on site at the plant it is over 60% R/O water,a fertilizer shortage would put a kink in their manufacturing though

[luvrbus]

Sure - it was cheap for consumers in Venezuela because the government was heavily subsidizing the price. They control the price and kept it artificially down so long is helped destroy their economy.

Thought you were against government control of prices?

Inflation and politics was Venezuela down fall and we are headed that way,old Joe is doing a great job getting us on track with a GDP rate of - 1.5

[richard5933]

Inflation and politics was Venezuela down fall and we are headed that way,old Joe is doing a great job getting us on track with a GDP rate of - 1.5

That is an opinion. There are others.

[luvrbus]

That is an opinion. There are others.

Yes it is a opinion but I am with the 80% of Americans that believe we are headed in the wrong direction under slow Joe.LOL we are in trouble if we have a paper and ink shortage under Biden and his party

[richard5933]

Yes it is a opinion but I am with the 80% of Americans that believe we are headed in the wrong direction under slow Joe.LOL we are in trouble if we have a paper and ink shortage under Biden and his party

Pick your poll and you get to pick your numbers. I don't put much stock in polls.

[windtrader]

Pick your poll and you get to pick your numbers. I don't put much stock in polls.

Totally agree with that assessment. There are reports, studies ,statistics, any data you want to choose that fits your comfort. The fact is nobody knows what is going to happen with 100% certainty. There are global actor and sovereign entities whose decisions and actions affect the global economy. And we all know a handful by rote memory who's action could disrupt things big time.
That said, what is most perplexing to me is the amount of discretionary still available to fuel consumer spending. Only real estate has shown measurable effect of higher mortgage rates. That will spill into consumer durables, furnishings, even home improvement. That hasn't shown much yet.
The government under Trump and supported by Biden printed trillions of cheap and free money. It fueled and rocketed the economy, way overdone but in reaction the the memories of '08.
Watch consumer credit balances trending higher and other indicators the free money is going away. As long as it stays up, it will keep spending up and inflation. The other indicator is jobs, if that starts slowing then another indicator of slowing economy.

So - soft landing or recession? Buy or hold? Too late to sell at this point.

[Nova Eona]

I'm skeptical of any poll which suggests 80% of Americans agree on anything politically

[tr206]

Yeap screw polls but you can't deny what's happening to the economy and some think Biden has nothing to do with the economy it's all globle economics which must mean our elections are meaningless so it doesn't matter who's in office so does this mean the price of energy is all the fault of the evil oil companies who must actually rule the world? Nothing to do with with trillions of dallars printed for the Biden administrations green new deal bill or bills whatever is this correct I must be confused somebody help me out here. 

[Van]

$5.19 gal as of yesterday. I will wait til the price hits $10.00 gal to buy diezel so I can do my part lol!

Happy coal rolling!

[Nova Eona]

Yeap screw polls but you can't deny what's happening to the economy and some think Biden has nothing to do with the economy it's all globle economics which must mean our elections are meaningless so it doesn't matter who's in office so does this mean the price of energy is all the fault of the evil oil companies who must actually rule the world? Nothing to do with with trillions of dallars printed for the Biden administrations green new deal bill or bills whatever is this correct I must be confused somebody help me out here. 

Happy to help!

The administration's policies can certainly effect the American economy, but when global prices for a commodity spike upwards that indicates a global cause, not a national one.

Now, the oil companies?  They're posting 50 year record profits.  Maybe they've just figured out how to be more efficient or are delivering new and exciting products to us all, or maybe they're just price gouging because they can.  Supply shortages and over-onerous regulations and policies typically reduce profits rather than inflate them.  Corporations aren't evil, they're amoral entities which exist solely to hoover up all the money they can in any way possible and deliver it to their shareholders.

Regarding the 'trillions of dollars printed', the current estimate for total physical currency in circulation is about $2.something T, most of the 'printed money' memes floating around are misrepresenting some complicated and confusing intangible financials about values moving between M #s (but, as always, it benefits the corporations far more than the normies).  https://leadstories.com/hoax-alert/2022/04/fact-check-80-percent-of-us-dollars-in-existence-were-not-created-in-the-last-two-months-as-of-april-16-2022.html

Finally, the Green New Deal is an ideological framework, not a bill which has been passed or budgeted.

[windtrader]

Rob - I used the term "printed" loosely. Look at the balance sheet and the increase in soverign debt is more specifically what was meant. Raising rates is intended to stimulate demand destruction. The dirty secret is it also makes all the debt taken on less costly to pay back in cheaper dollars.