Messages

1

General Discussion / Re: Does Brandon and Lefties/Demmies know anything about how the market worK

« on: June 22, 2022, 01:54:51 PM »

Brandon is asking for a tax break on gas for Sept. saving about 18 cents a gallon. Would that even make a dent on the cost of gas?

Great idea, however... what he's doing is creating an increased in demand while supply is stagnant by his policies... When demand increases and supply does not, you get price increase.

To solve the high cost of gas is to increase supply... domestic supply, not relying on foreign oil.

WTF? So you are against Biden giving gas tax relief. Republicans don't want taxes. Biden lift gas tax, oh no thats not we want? Make up your minds? Tax or no tax? So Hung_low only confirms he to wants keep gas prices high at the pump. Hypocritc and you blame Biden again?

2

Money & Investment / Re: California’s bill wants two big pension fund to divest from fossil fuel

« on: June 22, 2022, 12:20:04 AM »

Biden did approve 3557 permits to drill oil and gas on Federal land. More permits than Trump has approved.

https://biologicaldiversity.org/w/news/press-releases/new-data-biden-slays-trumps-first-year-drilling-permitting-by-34-2022-01-21/




Current to date, Bidens says there are 9,000 approve yet unused permits.

https://www.verifythis.com/article/news/verify/national-verify/oil-permits-9000-unused-fact-check/536-2a657e09-856b-436c-a55d-df1cdf2acb3f


So what is Biden doing to help curb the oil demand. He will tap into our oil reserve and release 1 million barrels of oil.

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Money & Investment / Re: California’s bill wants two big pension fund to divest from fossil fuel

« on: June 22, 2022, 12:06:25 AM »

And someone said that Biden would destroy the oil industry... non Fox News of course.
https://youtu.be/PIbrBk9b1Hg


Heck even Patrick Bet-David, an entrepreneur, just using common sense last July, predicted $10 gas prices.
https://youtu.be/9CEQUA0XOug


I take what the mainstream media says with a grain a salt... this includes Fox News. 

“Big Oil’s profits have been used to enrich investors and executives—at the expense of American consumers paying higher prices.  Exxon and Chevron both pledged up to $10 billion in stock buybacks in 2022.  BP has announced $4.15 billion in buybacks, and Shell has announced plans for $8.5 billion worth of buybacks in the first half of 2022 alone.”



https://oversight.house.gov/news/press-releases/chairs-maloney-and-khanna-call-on-big-oil-to-end-stock-buybacks-use-record


Not enough refinery is the bottleneck of gas prices, seem here oil corporations rather spend free cash flow on buy backs and increase dividends to make their executives and shareholders happy.

4

Money & Investment / Re: California’s bill wants two big pension fund to divest from fossil fuel

« on: June 21, 2022, 06:23:34 PM »

Wally, you really think Oil companies are trying to help bring the cost down or is it out of their hands. I see Biden at least trying to initiate something.

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Money & Investment / Re: California’s bill wants two big pension fund to divest from fossil fuel

« on: June 21, 2022, 06:10:02 PM »

What's wrong with watching Fox? What's wrong with watching CNN? All of them are bias. He pointed a link to Forbes. Are you saying what he wrote down is wrong? You know what happened to the price of oil when Biden won his election in November 2020? It started going up because the market knew that his policies will affect the oil industry. Simple supply and demand.

The point of my argument was Russia’s war did have an impact on oil, Oil companies slow down refinery which reduced the supply and brought up the cost of oil. Meaning Oil can boost refinery but seems like they greedy. Want to milk the economy first before Biden intervenes.

6

Money & Investment / Re: California’s bill wants two big pension fund to divest from fossil fuel

« on: June 21, 2022, 06:02:29 PM »

https://www.forbes.com/sites/rrapier/2022/06/11/exxon-made-more-money-than-god---but-far-less-than-apple/?sh=493db8d336ed
If oil company are really gouging consumer than what is Apple doing? Again, oil company can't control the cost of oil. And if they don't watch what they're doing, they can end up losing money...

I don’t know why Exxon is compare to Apple in this article. Two different sectors, Apple is a product and tech stock. Exxon is a commodity stock. Commodity is the raw material that controls the outcome of future products.

7

Money & Investment / Re: California’s bill wants two big pension fund to divest from fossil fuel

« on: June 21, 2022, 05:36:39 PM »

I bet you don't watch Fox News!    Arguments like this is stupid. "CEO of oil giant Chevron (CVX 4.18%), says he doesn't believe there will ever be another new oil refinery built in the U.S". Why would you invest more money in research and development, new technology etc, when the government just shit on your industry? The US is the largest producer of oil. The US is also the largest consumer of oil. We consume more than we produce.

Its not an argument, its a observation. Posts Ive seen from Hung_low, he takes a lot of his context from Carlson Tucker.

8

Money & Investment / Re: California’s bill wants two big pension fund to divest from fossil fuel

« on: June 21, 2022, 03:31:36 PM »

Come on seriously? Right when he took office he signed EO to stop Keystone XL pipeline, indefinite ban on new oil and gas drilling/flaking lease on public land. He didn't think about the consequences.. . this is bad when you relied on foreign countries for your oil and this is happening in Asia, Europe, etc. etc.  Companies exist to make money for their stock holder... not to fall even.

Now, Brandon is just passing the buck around and won't take responsibility for his actions... first it was covid then it was Putin and when people started to not listen to his BS, he pushed it on the oil companies.

https://www.forbes.com/sites/rrapier/2022/06/11/exxon-made-more-money-than-god---but-far-less-than-apple/?sh=493db8d336ed
If oil company are really gouging consumer than what is Apple doing? Again, oil company can't control the cost of oil. And if they don't watch what they're doing, they can end up losing money...

I bet you watch FOX news. The same echo chamber and deflection. The fact that Biden has to use government resource to demand refinery outputs makes oil companies complicit. And if I remember if the Keystone pipeline is such a factor why are CEOs of oil companies still racking marginal profits.

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Money & Investment / Re: California’s bill wants two big pension fund to divest from fossil fuel

« on: June 16, 2022, 02:25:06 PM »

If you haven’t notice Liberals lean more towards environmental policies and land preservation.

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Money & Investment / Re: California’s bill wants two big pension fund to divest from fossil fuel

« on: June 16, 2022, 02:22:30 PM »

Yea

The oil cartel OPEC
they control the flow of OIL

Sad thing is there ton of oil here in the state
But they don’t want to drill and use

 

The Biden Administration doesn’t want drilling on the keystone pipeline. For one, the US is trying to remove its dependence on oil, it’s short term outlook so dont waste money building new infrastructure s. Just work on the old infrastructure s. And the pact to slow down Climate change.

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Money & Investment / Re: California’s bill wants two big pension fund to divest from fossil fuel

« on: June 16, 2022, 01:56:25 PM »

Republicans are readily to put the blame on Biden for high gas prices. Politics again.

Theres some really bad actors like Greedy Oil Companies. I just read an article and it infuriates me that big oil companies stop refining oil to capitalize on high gas price. Biden wrote a letter asking for Big Oil companies to help reduce gas prices or he’ll use Federal emergency.



https://www.axios.com/2022/06/15/biden-emergency-powers-oil-gas-prices

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Money & Investment / Re: California’s bill wants two big pension fund to divest from fossil fuel

« on: June 16, 2022, 12:37:59 PM »

Have you guys seen these stickers?

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Money & Investment / California’s bill wants two big pension fund to divest from fossil fuel

« on: June 16, 2022, 12:29:52 PM »

California, the leading state of climate change wants to pass a bill that will force divesting in fossil fuel. California the bluest of blue liberal state. Good thing I will only invest in Chinese oil.




https://www.ai-cio.com/news/proposed-bill-would-require-calpers-calstrs-to-divest-fossil-fuels/

14

Money & Investment / Re: BEAR MARKET…

« on: June 16, 2022, 11:05:31 AM »

TBH I rather have JPOW raise interest in the summer and taper off in the fall. People sell off anyways before Xmas.

15

Money & Investment / Re: Do the opposite of Jim Cramer

« on: June 16, 2022, 11:01:25 AM »

Ford is American company
They will be in business

Hitting that one year low

Good dip buying

Im with cramar on this one

Waste of money buying Ford stocks when theyre recalling their cars. As far as I know, I was told never to buy a Ford.