OlDawg

Chuck Norris was in all the Star Wars movies. He was The Force. Death once had a near-Chuck Norris experience. Chuck Norris could kill two stones with one bird. Chuck Norris didn't do push-ups. He pushed the Earth down. Chuck Norris could strangle you with a cordless phone. Chuck Norris beat the sun in a staring contest. In heaven, even miracles check with Chuck Norris.

Chuck Norris doesn’t read books. He stares them down until he gets the information he wants. Atlas retired when Chuck Norris was born.

Politics Have Drained the Strategic Petroleum Reserve This is a must read. But, this analysis was performed before the current conflict in the Middle East. So, the pricing is obviously off for any taxpayer advantage at this time. [Hidden Content]

I bow to your superior knowledge of the economics of the oil & gas business. You put my decades of experience in the business to shame.

Just trying to have some positive news for a change. Dow could have a 20% correction, and we’d still be above this time in 2022. I call that a positive.

Old habits. 😂

Perspective: DJI March 19, 2022 - 34,000 DJI March 19, 2026 - 46,000

A Ponzi scheme that can’t be stopped. On this, I totally agree.

Good info. I still receive my projection data. Oil for the futures contract 6 months from now is set at $72/bbl. (E&C companies receive this data to help prepare estimates and project viability projections.) Of course, that’s a lot longer out than 4-5, even 8 weeks.

At least he tries to use data most of the time. Some may be a little off, or exaggerated to try to make a negative point. But, at least he is willing to debate sometimes instead of just lobbing grenades with no substance and running like some around here. He’s not wrong about the debt either. But—politically speaking, and cost wise—a temporary tax holiday would be the lesser of two evils, and directly benefit those paying the bills. I told Reagan this wasn’t going to be short, and it wasn’t going to be pretty. It never is. He firmly believed POTUS would get in and get out. It never works that way. Been there. Done that.

Sacrilege to butcher David Allan Coe like that.

We’re not. The rest of the world is experiencing a delay of delivery. Why are we emptying our SPR for the world’s benefit when the world doesn’t pay to refill it?

Let's see... 1. Provide an 18.4/gal price break to the American public for a month or so from pausing Federal taxes. Not a lot. But, $.18 means ~5 gallons, you save a buck. Cost is probably somewhere around $25 Billion--just my guess. Rob the amount from Treasury to make up for the loss in HTF. Or... 2. Empty 178 MM barrels from SPR to help the World supply (not just America), then pay at least $70/barrel to refill SPR all strictly on the backs of the American public. Don't forget, 178 MM barrels only refills to about 40%. Still haven't made up for what the previous Administration pulled out in their term to help gas prices. If trying to help the American public, which would affect the budget less?

I still don’t understand why no one is proposing a tax holiday (State & Federal) while prices are elevated from the ME conflict. Would seem an easy way to curtail grumbling and help the public. That would be an immediate price drop of about 0.55/gal. A lot better than draining SPR.

I haven’t seen the FBI announce anything yet. Have you?