pattayasan Posted 21 hours ago Share Posted 21 hours ago Just now, Yellowtail said: Of the midterms? November 8, 2022. Ten months after Russia's most recent invasion of Ukraine and two years after Trump left office and two years after the article you linked to was published. No, the date Biden asked the Saudis to increase production. 1 1 Link to comment Share on other sites More sharing options...
Yellowtail Posted 21 hours ago Share Posted 21 hours ago 3 minutes ago, pattayasan said: The date that Biden asked the Saudis to increase production? Before or after Trump's "deal" Why would Biden be asking the Saudis to increase production while Trump was still in office? Your claim was that "He [Biden] drained it because the Saudis were collaborating with Trump to drive the oil price up for the [2022] mid terms." Then you post a link to an article published in 2020 about Trump strong arming the Saudis to lower the price. Biden talked a lot of smack about the Saudis, and then oil prices rose, Biden went hat in hand to Saudis begging for them to increase production. They told him to go piss up a rope. Nothing to do with Trump, you just making stuff up as always. 1 1 Link to comment Share on other sites More sharing options...
gamb00ler Posted 21 hours ago Share Posted 21 hours ago (edited) On 11/12/2024 at 8:40 AM, Walker88 said: In a nutshell, here's what I expect. I probably would just skip the long version 🤷🏼♂️ despite the fact that I DO agree with you. Edited 20 hours ago by gamb00ler Link to comment Share on other sites More sharing options...
pattayasan Posted 21 hours ago Share Posted 21 hours ago Just now, Yellowtail said: Why would Biden be asking the Saudis to increase production while Trump was still in office? Your claim was that "He [Biden] drained it because the Saudis were collaborating with Trump to drive the oil price up for the [2022] mid terms." Then you post a link to an article published in 2020 about Trump strong arming the Saudis to lower the price. Biden talked a lot of smack about the Saudis, and then oil prices rose, Biden went hat in hand to Saudis begging for them to increase production. They told him to go piss up a rope. Nothing to do with Trump, you just making stuff up as always. Trump asked the Saudis to cut production in 2020, before Biden's election. The purpose was to drive up oil prices before the election. Biden asked the Saudis to increase production in 2022, after the Russian invasion. 1 Link to comment Share on other sites More sharing options...
Yellowtail Posted 20 hours ago Share Posted 20 hours ago 2 minutes ago, pattayasan said: Trump asked the Saudis to cut production in 2020, before Biden's election. The purpose was to drive up oil prices before the election. Biden asked the Saudis to increase production in 2022, after the Russian invasion. So you are now admitting that your claim was that "He [Biden] drained it because the Saudis were collaborating with Trump to drive the oil price up for the [2022] mid terms." was nothing but a lie. Then you post a link to an article published in 2020 about Trump strong arming the Saudis to raise the price. Biden talked a lot of smack about the Saudis, and then oil prices rose, and then prior to the 2022 midterms Biden went hat in hand to Saudis begging for them to increase production. They told him to go piss up a rope. Nothing to do with Trump, you just making stuff up as always. 1 Link to comment Share on other sites More sharing options...
Yellowtail Posted 20 hours ago Share Posted 20 hours ago 6 minutes ago, pattayasan said: Trump asked the Saudis to cut production in 2020, before Biden's election. The purpose was to drive up oil prices before the election. Biden asked the Saudis to increase production in 2022, after the Russian invasion. Why don't you read this: How Saudi Arabia Took Advantage Of President Biden 1 Link to comment Share on other sites More sharing options...
Cryingdick Posted 20 hours ago Share Posted 20 hours ago Got home from the grocery store. I noticed that extra chocolate chips were sprouting up in my ice cream. Link to comment Share on other sites More sharing options...
pattayasan Posted 20 hours ago Share Posted 20 hours ago 2 minutes ago, Yellowtail said: Why don't you read this: How Saudi Arabia Took Advantage Of President Biden I did We are more at the mercy of OPEC than we have been in a few years. I don't think there's any question that Saudi Arabia, in particular, would rather deal with Republicans (especially with Donald Trump). So, in effect they are killing two birds with one stone. By restricting production, they are potentially hurting the Biden Administration by driving up oil prices. 1 1 Link to comment Share on other sites More sharing options...
bubblegum Posted 20 hours ago Share Posted 20 hours ago The USA will become irrelevant. Link to comment Share on other sites More sharing options...
Yellowtail Posted 20 hours ago Share Posted 20 hours ago 4 minutes ago, pattayasan said: I did We are more at the mercy of OPEC than we have been in a few years. I don't think there's any question that Saudi Arabia, in particular, would rather deal with Republicans (especially with Donald Trump). So, in effect they are killing two birds with one stone. By restricting production, they are potentially hurting the Biden Administration by driving up oil prices. We are more at the mercy of OPEC than we have been in a few years because of the policy changes Biden made when he came into office which resulted in significantly less production than was projected when Trump left office. In any event, that has nothing to do with your false claim was that "He [Biden] drained it because the Saudis were collaborating with Trump to drive the oil price up for the [2022] mid terms." was nothing but a lie. . Biden talked a lot of smack about the Saudis, and then oil prices rose, and then prior to the 2022 midterms Biden went hat in hand to Saudis begging for them to increase production. They told him to go piss up a rope. How Saudi Arabia Took Advantage Of President Biden Nothing to do with Trump, you just making stuff up as always. 1 Link to comment Share on other sites More sharing options...
pattayasan Posted 20 hours ago Share Posted 20 hours ago Just now: October CPI inflation RISES to 2.6%, in-line with expectations of 2.6%. Core CPI inflation was 3.3%, in-line with expectations of 3.3%. Both headline and Core CPI inflation are now higher than they were 2 months ago. 8% mortgage rates are on their way. 1 Link to comment Share on other sites More sharing options...
Yellowtail Posted 20 hours ago Share Posted 20 hours ago 3 minutes ago, pattayasan said: Just now: October CPI inflation RISES to 2.6%, in-line with expectations of 2.6%. Core CPI inflation was 3.3%, in-line with expectations of 3.3%. Both headline and Core CPI inflation are now higher than they were 2 months ago. 8% mortgage rates are on their way. So still 30% over target. Thank you, President Biden. 1 1 Link to comment Share on other sites More sharing options...
pattayasan Posted 20 hours ago Share Posted 20 hours ago 6 minutes ago, Yellowtail said: We are more at the mercy of OPEC than we have been in a few years because of the policy changes Biden made when he came into office which resulted in significantly less production than was projected when Trump left office. In any event, that has nothing to do with your false claim was that "He [Biden] drained it because the Saudis were collaborating with Trump to drive the oil price up for the [2022] mid terms." was nothing but a lie. . Biden talked a lot of smack about the Saudis, and then oil prices rose, and then prior to the 2022 midterms Biden went hat in hand to Saudis begging for them to increase production. They told him to go piss up a rope. How Saudi Arabia Took Advantage Of President Biden Nothing to do with Trump, you just making stuff up as always. Biden started to drain the SPR because Trump made a deal with the Saudis to cut oil production. He later asked the Saudis to increase oil production after the Russians invaded Ukraine. They did not comply because of the close relationship between the Saudi leadership and former President Donald Trump. Note: Saudi Arabia’s decision to resist Biden’s request for increased oil production was influenced by a desire not to undermine Trump’s standing among U.S. energy interests or to appear aligned with a U.S. administration that had been openly critical of MBS. By resisting Biden’s requests, the Saudis may have aimed to preserve a favorable relationship with potential future administrations, including Trump or Trump-aligned figures. 2 Link to comment Share on other sites More sharing options...
Yellowtail Posted 20 hours ago Share Posted 20 hours ago 2 minutes ago, pattayasan said: Biden started to drain the SPR because Trump made a deal with the Saudis to cut oil production. He later asked the Saudis to increase oil production after the Russians invaded Ukraine. They did not comply because of the close relationship between the Saudi leadership and former President Donald Trump. Trump was out, no reason to think he would be back. 2 minutes ago, pattayasan said: Note: Saudi Arabia’s decision to resist Biden’s request for increased oil production was influenced by a desire not to undermine Trump’s standing among U.S. energy interests or to appear aligned with a U.S. administration that had been openly critical of MBS. While they may not want to appear to be aligned with the feckless Biden Administration, it had nothing to do with Trump. As I said, Biden talked a lot of smack about the Saudis, and then oil prices rose, and then prior to the 2022 midterms Biden went hat in hand to Saudis begging for them to increase production. They told him to go piss up a rope 2 minutes ago, pattayasan said: By resisting Biden’s requests, the Saudis may have aimed to preserve a favorable relationship with potential future administrations, including Trump or Trump-aligned figures. They may have been trying to boost prices to benefit Iran, given Biden had lifted sanctions on them. They may have just wanted more money. That fact is, Biden insulted him, and they had no desire to help him. That you want to blame Trump is just a ridiculous lie. Two weeks ago, you were arguing Trump was going to jail and they Harris would win in a landslide. Now you are claiming the Saudis were shunning the sitting President, in favor of Trump. In any event, none of this has anything to do with your false claim was that "He [Biden] drained it [the strategic petroleum reserve] because the Saudis were collaborating with Trump to drive the oil price up for the [2022] mid terms.", which was nothing but a lie. Link to comment Share on other sites More sharing options...
pattayasan Posted 20 hours ago Share Posted 20 hours ago New York Times columnist and Nobel Prize-winning economist Paul Krugman said that voters who believed President-elect Donald Trump would do a better job of handling inflation than Vice President Kamala Harris are in for a "really rude shock." In a podcast published by the Times this week, Krugman outlined why Trump's proposed economic policies were likely to do the exact opposite of what voters believed they would be getting. And yet, Trump’s economic program, as far as we can tell, is the most inflationary program, probably, that any American president has ever tried to implement." https://www.rawstory.com/trump-inflation-really-rude-shock/ 1 1 Link to comment Share on other sites More sharing options...
Yellowtail Posted 19 hours ago Share Posted 19 hours ago 3 minutes ago, pattayasan said: New York Times columnist and Nobel Prize-winning economist Paul Krugman said that voters who believed President-elect Donald Trump would do a better job of handling inflation than Vice President Kamala Harris are in for a "really rude shock." In a podcast published by the Times this week, Krugman outlined why Trump's proposed economic policies were likely to do the exact opposite of what voters believed they would be getting. And yet, Trump’s economic program, as far as we can tell, is the most inflationary program, probably, that any American president has ever tried to implement." https://www.rawstory.com/trump-inflation-really-rude-shock/ So a Raw Story opinion piece by Trump hating left-wing hack Brad Reed, that includes a few clips by his fellow Trump hating left-wing hack economist, and opinion writer Paul Krugman. Which would be the same Paul Krugman predicted a global recession the moment Trump was elected. In any event, what do these two Trump hating left wing hacks claim Trump is going to do to drive up inflation? Paul Krugman: Trump will bring global recession - POLITICO Link to comment Share on other sites More sharing options...
pattayasan Posted 19 hours ago Share Posted 19 hours ago 2 minutes ago, Yellowtail said: So a Raw Story opinion piece by Trump hating left-wing hack Brad Reed, that includes a few clips by his fellow Trump hating left-wing hack economist, and opinion writer Paul Krugman. Which would be the same Paul Krugman predicted a global recession the moment Trump was elected. In any event, what do these two Trump hating left wing hacks claim Trump is going to do to drive up inflation? Paul Krugman: Trump will bring global recession - POLITICO Already been posted. Basically, spending lotsa cash on mass deportations and tax cuts for the rich for a start. 1 Link to comment Share on other sites More sharing options...
Yellowtail Posted 19 hours ago Share Posted 19 hours ago 6 minutes ago, pattayasan said: Already been posted. Basically, spending lotsa cash on mass deportations With the reimplementation of the Trump border policies that Biden bragged about canceling, deportation will not cost that much and will quickly become a net benefit. Non-U.S. citizens accounted for 33.7% of all individuals sentenced in fiscal year 2023. How much do you think we can save by deporting a third of the people in federal prisons? Federally Sentenced Non-U.S. Citizens | United States Sentencing Commission 6 minutes ago, pattayasan said: and tax cuts for the rich for a start. What tax cuts for the rich? After Trump's last tax cut, about 95% of taxpayers paid less in taxes, tax revenues increased, "...and the share of taxes paid by the Top 1% of households increased while the tax burden paid by lower income earners decreased. The truth is, the Trump tax cuts resulted in economic growth that was a full percentage point above CBO’s forecast, and federal revenues far outpaced the agency’s predictions. In fact, under Trump tax policies in 2022, tax revenues reached a record high of nearly $5 trillion, and revenues averaged $205 billion above CBO predictions for the four years following implementation of the law. Despite CBO’s Predictions, Trump Tax Cuts Were a Boon for America’s Economy and Working Families | The U.S. House Committee on the Budget - House Budget Committee 1 Link to comment Share on other sites More sharing options...
pattayasan Posted 19 hours ago Share Posted 19 hours ago 2 minutes ago, Yellowtail said: With the reimplementation of the Trump border policies that Biden bragged about canceling, deportation will not cost that much and will quickly become a net benefit. The 2017 Trump Tax Law Was Skewed to the Rich, Expensive, and Failed to Deliver on Its Promises Households with incomes in the top 1 percent will receive an average tax cut of more than $60,000 in 2025, compared to an average tax cut of less than $500 for households in the bottom 60 percent, according to the Tax Policy Center (TPC).[1] As a share of after-tax income, tax cuts at the top — for both households in the top 1 percent and the top 5 percent — are more than triple the total value of the tax cuts received for people with incomes in the bottom 60 percent. https://www.cbpp.org/research/federal-tax/the-2017-trump-tax-law-was-skewed-to-the-rich-expensive-and-failed-to-deliver 1 Link to comment Share on other sites More sharing options...
Yellowtail Posted 19 hours ago Share Posted 19 hours ago 2 minutes ago, pattayasan said: The 2017 Trump Tax Law Was Skewed to the Rich, Expensive, and Failed to Deliver on Its Promises Households with incomes in the top 1 percent will receive an average tax cut of more than $60,000 in 2025, compared to an average tax cut of less than $500 for households in the bottom 60 percent, according to the Tax Policy Center (TPC).[1] As a share of after-tax income, tax cuts at the top — for both households in the top 1 percent and the top 5 percent — are more than triple the total value of the tax cuts received for people with incomes in the bottom 60 percent. https://www.cbpp.org/research/federal-tax/the-2017-trump-tax-law-was-skewed-to-the-rich-expensive-and-failed-to-deliver The facts I posted came from the official House Buget Committee website. You posted a link to a leftist, Trump hating website. I understand your seething hatred of Trump and the rich, but you need to do better than linking to an opinion piece if you want to have a serious discussion. 1 Link to comment Share on other sites More sharing options...
pattayasan Posted 19 hours ago Share Posted 19 hours ago Just now, Yellowtail said: The facts I posted came from the official House Buget Committee website. You posted a link to a leftist, Trump hating website. I understand your seething hatred of Trump and the rich, but you need to do better than linking to an opinion piece if you want to have a serious discussion. The House committee is a Republican outfit. 1 Link to comment Share on other sites More sharing options...
Patong2021 Posted 19 hours ago Share Posted 19 hours ago (edited) 8 hours ago, nauseus said: Utter bs. Biden let the SPR go down to less than half capacity. The need for the SPR is not determined by you. And you ignored the reasons for the reserve, how it is used needed and the role that the US Congress has in its control. You dismiss the explanation as BS, and yet you do not even know what the SPR is intended for. Why not educate yourself first? The Strategic Petroleum Reserve (SPR), was established primarily to reduce the impact of disruptions in supplies of petroleum products and to carry out obligations of the United States under the international energy program. It was created at a time when the US was dependent upon foreign petroleum imports. The United States has been an annual net total energy exporter since 2019. This means that the need for a large reserve is not the same as it was 20 years ago. Having a large reserve ties up a significant amount of money. That is why the US Congress in 2015 and since continued, had drawn down on the reserve selling the oil,making a profit. The intent was to replenish the reserve when oil prices were lower. That is exactly what the Biden administration has done. You blame Biden, but the Trump administration had continued the sale of oil reserves too. Why are the sales in the Trump administration acceptable, but not in the Biden administration? Edited 19 hours ago by Patong2021 1 Link to comment Share on other sites More sharing options...
Yellowtail Posted 19 hours ago Share Posted 19 hours ago 4 minutes ago, Patong2021 said: And you ignored the reasons for the reserve and how it is needed and the role that the US Congress has it its control. You dismiss the explanation as BS, and yet you do not even know what the SPR is intended for. Why not educate yourself first? The Strategic Petroleum Reserve (SPR), was established primarily to reduce the impact of disruptions in supplies of petroleum products and to carry out obligations of the United States under the international energy program. It was created at a time when the US was dependent upon foreign petroleum imports. The United States has been an annual net total energy exporter since 2019. This means that the need for a large reserve is not the same as it was 20 years ago. Having a large reserve ties up a significant amount of money. That is why the US Congress in 2015 and since continued, had drawn down on the reserve selling the oil,making a profit. The intent was to replenish the reserve when oil prices were lower. That is exactly what the Biden administration has done. You blame Biden, but the Trump administration had continued the sale of oil reserves too. Why are the sales in the Trump administration acceptable, but not in the Biden administration? I think you are misinformed. U.S. crude oil ending stocks in SPR 1983-2024 | Statista Link to comment Share on other sites More sharing options...
Patong2021 Posted 18 hours ago Share Posted 18 hours ago 16 minutes ago, Yellowtail said: I think you are misinformed. U.S. crude oil ending stocks in SPR 1983-2024 | Statista How am I misinformed? What is your point? You put up a chart with no context. What your chart shows is that oil sales occurred under the Trump administration. The reserve came down in 2023, but is since being added to. Has the SPR not been purchasing oil as of 2023? Try looking at the current data from the US Government not Statista. The US energy Department has purchased oil every month this year. https://www.spr.doe.gov/dir/dir.html Is the USA not energy independent? Isn't the purpose of the reserve to protect against a disruption in energy supplies, primarily from foreign sources? The USA has a 2 year supply. Why do you want the USA to carry a large inventory of oil intended to replace foreign imports when there is no longer the same risk exposure? How do you justify typing up billions of $ in a non performing asset? 1 Link to comment Share on other sites More sharing options...
cowellandrew Posted 17 hours ago Share Posted 17 hours ago Well I won 50 quid on paddy power! The tears were great! Two Tier Kier and David lammy grovelling and kissing trumps arse has been great! 😂😂😂 Link to comment Share on other sites More sharing options...
RetiredNavy71 Posted 17 hours ago Share Posted 17 hours ago 16 hours ago, WoodyKenny said: Well CONNDA. When you start of with your Left Liberal Hatered question, how do you think this question will effect people. NONE of you <deleted>BAGS lived in the US, nor lived in the US Under Trumps Leaderships, yet you think you know everything by watching your far left hatered news media. Your pathetic <deleted>bags wish you had a President, Leader, Ambasador, etc that has the STONES to LEAD a great country like the UNITES STATES. MOst of you <deleted>BAGS here come for your Liberal ass Broke ass Countries like the UK with your FAILED Government system with your Open boarders and Millions of Immagrates have taken over your Country. England, Belgium, Germany, etc.... Your countries are ruin with people you dont want because of your FAILED LIBERAL Leadrships and ways. Trump hasnt done a <deleted> thing wrong to you. He hasent impact a damn thing in your life yet you choose to display hate and violence. Your telling me you dont want your counrty to retur to greatness? To be the best in the world? To have a leader that will stand up and take no <deleted> from China or anyone that tries to take advantage of you? This is a sign of TRUE LEADERSHIP. So continue to watch your CNN, MSNBC, ASIA BBC, etc... And you Bloats in Auss land... Keep you <deleted> down under... Truly amazing how much HATE you all have for one single individual that you have no <deleted> idea who he truly is yet you continue to judge with false fake news. Dont come crying for help when your country needs the UNITED STATES as you always do... PISS OFF ALL YOU HATERS.... God be with The Trump Family.... Next time you post garbage like this make sure you perform a spell check. 1 Link to comment Share on other sites More sharing options...
nauseus Posted 16 hours ago Share Posted 16 hours ago 2 hours ago, Patong2021 said: And you ignored the reasons for the reserve, how it is used needed and the role that the US Congress has in its control. You dismiss the explanation as BS, and yet you do not even know what the SPR is intended for. Why not educate yourself first? The Strategic Petroleum Reserve (SPR), was established primarily to reduce the impact of disruptions in supplies of petroleum products and to carry out obligations of the United States under the international energy program. It was created at a time when the US was dependent upon foreign petroleum imports. The United States has been an annual net total energy exporter since 2019. This means that the need for a large reserve is not the same as it was 20 years ago. Having a large reserve ties up a significant amount of money. That is why the US Congress in 2015 and since continued, had drawn down on the reserve selling the oil,making a profit. The intent was to replenish the reserve when oil prices were lower. That is exactly what the Biden administration has done. You blame Biden, but the Trump administration had continued the sale of oil reserves too. Why are the sales in the Trump administration acceptable, but not in the Biden administration? The United States remained a net crude oil importer in 2022, importing about 6.28 million b/d of crude oil and exporting about 3.58 million b/d. Some of the crude oil that the U.S. imports is refined by U.S. refineries into petroleum products—such as gasoline, heating oil, diesel fuel, and jet fuel—that the U.S. later exports. Also, some of imported petroleum may be stored and later exported. \ https://www.eia.gov/energyexplained/oil-and-petroleum-products/imports-and-exports.php Link to comment Share on other sites More sharing options...
RetiredNavy71 Posted 12 hours ago Share Posted 12 hours ago 21 hours ago, josephbloggs said: Why is that that angry right wingers can never spell or use grammar or punctuation properly? It's a common theme. Just curious. You know I've noticed that too. It seems that most of the idiots that you're referring to are high school dropouts or something similar 1 Link to comment Share on other sites More sharing options...
Cryingdick Posted 12 hours ago Share Posted 12 hours ago (edited) 8 minutes ago, RetiredNavy71 said: You know I've noticed that too. It seems that most of the idiots that you're referring to are high school dropouts or something similar It is funny that there is a mistake in the post you quote. "Why is that that angry right wingers can never spell or use grammar or punctuation properly? It's a common theme. " Can you tell me why is that that? It is also funny I have started using the term rasist. One of our more esteemed lefties uses this spellin g every post almost. I do it once and some lefty plays gotcha on it. Ye they let this guy do it like several thousand times without saying anything. Edited 12 hours ago by Cryingdick 1 Link to comment Share on other sites More sharing options...
Yellowtail Posted 6 hours ago Share Posted 6 hours ago 12 hours ago, Patong2021 said: How am I misinformed? What is your point? You put up a chart with no context. What your chart shows is that oil sales occurred under the Trump administration. The reserve came down in 2023, but is since being added to. Has the SPR not been purchasing oil as of 2023? Try looking at the current data from the US Government not Statista. The US energy Department has purchased oil every month this year. https://www.spr.doe.gov/dir/dir.html Is the USA not energy independent? Isn't the purpose of the reserve to protect against a disruption in energy supplies, primarily from foreign sources? The USA has a 2 year supply. Why do you want the USA to carry a large inventory of oil intended to replace foreign imports when there is no longer the same risk exposure? How do you justify typing up billions of $ in a non performing asset? Yes, when hurricanes ravaged oil production in 2018, Trump drew down SPR as he should have. What context does the chart need? It shows the year end levels. I only spoke this subject because another leftist claimed that: "He [Biden] drained it because the Saudis were collaborating with Trump to drive the oil price up for the [2022] mid terms." which is just a bold-faced lie. I Link to comment Share on other sites More sharing options...
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