I've noticed that the Russia/Ukraine war is still ongoing

Originally posted by: Nines

Yeah?  Well..I think you might be wrong. But, we'll see. Economic pressure of this magnitude can affect anything.


For one thing, we can't exert all that much economic pressure on Russia, because we don't trade all that much with them. But even if we could...let's say that Trump's magnificent whatever-the-fuck-he-dreams-up moves do exert significant pressure. So there are consumer shortages and scarcity of needed goods. So what? Will that affect Putin personally? At all? There'll still be plenty of champagne in the fridge at his dacha. And he certainly doesn't have to worry about it costing him votes!

 

So yes, we can make Russia's economy worse, but we can't make Putin's life worse. That's all that matters.

Originally posted by: tom

It pays to use the right chart.  It is now down $5 in the past week

 

https://www.cnbc.com/quotes/@CL.1


I'll clarify my point, I realize that what was in my head when I posted probably didn't come across as I intended. I was pointing out that oil prices have big swings all the time, so the $5 Trump swing isn't significant, what happens in a year or 4 years is more important.  

 

I do believe though if prices go down because OPEC floods the market or there's a pandemic you'll credit Trump and if oil prices go up, you'll ignore it. Experience leads me to this conclusion.

From CNBC

 

Oil prices were steady on Friday but posted a weekly decline, ending four straight weeks of gains, after U.S. President Donald Trump announced sweeping plans to boost domestic production while demanding that OPEC moves to lower crude prices.

 

Originally posted by: MaxFlavor

I'll clarify my point, I realize that what was in my head when I posted probably didn't come across as I intended. I was pointing out that oil prices have big swings all the time, so the $5 Trump swing isn't significant, what happens in a year or 4 years is more important.  

 

I do believe though if prices go down because OPEC floods the market or there's a pandemic you'll credit Trump and if oil prices go up, you'll ignore it. Experience leads me to this conclusion.


Actually, the signature Stupid Tom Analysis Technique is to cherry-pick stats, take them out of context, and ignore all aspects of an issue except the ones that supposedly bolster his arguments.

 

You're correct to school stupid Tom that price swings within a short period of time are essentially insignificant. You're also correct that Tom and our other Trumptards will crow and beat their chests if prices go down, even over a short period of time, and will blame Democrats if prices go up.

 

Trump's policies, if enacted, will result in a permanent gigantic increase in oil prices, given that we import so much of it. We can't easily or quickly offset that with domestic production.


Thats great news, Tom.

 

One of two things will happen.

(1) Oil companies will massively increase supply thereby killing their profit margins like they did in 2017.

(2) Oil companies wont do that because they learned something in 2017.

 

My bet is on (2)....but thats because I understand oil companies determine supply and not the US president.   

I think its going to be a great teaching point for Republicans who claim the oppossitte is true.

 

 

 

Originally posted by: tom

From CNBC

 

Oil prices were steady on Friday but posted a weekly decline, ending four straight weeks of gains, after U.S. President Donald Trump announced sweeping plans to boost domestic production while demanding that OPEC moves to lower crude prices.

 


A happens

B happens

 

It is faulty logic to assume that A caused B.

 

OPEC has no reason to listen to your hero the Turd's "demands."

 

An increase in domestic production won't necessarily result in a drop in prices, if all that does is offset a reduction in tariffed oil imports.

 

Stupid Tom. God, you're stupid, stupid Tom.

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