OlDawg

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?

Looks like it to me. Like I say, I wonder how much input Miller had. Sounds like he’s right up Miller’s alley. If I had a personal recommendation for Trump, it would be to can Stephen Miller. Just me.

Possibly. All we have to go on are multiple reports from different media sources. After reading up on him after his service, I’m surprised and disappointed he was confirmed to the position in the first place. Looks like he had a solid, honorable military career. Then, he went off the rails after his wife was killed. I wonder how much input Miller had in his hiring? I’m not a Miller fan. Something just doesn’t pass the smell test with him to me. Advise and consent seems to have gone the way of the wind for both Parties.

If you’re referencing me, you’d be wrong again. You specifically stated the effort had already cost in the hundreds of billions. You were corrected with the available data that said $2 Billion/day was the high estimate. The request of $200 Billion is to cover current and future anticipated costs as well as weapon replacement costs and other future budget requests. From the article: President Donald Trump’s National Economic Council director Kevin Hassett said Sunday the war has already cost $12 billion. [Hidden Content]

According to multiple news reports across the spectrum, Kent had been under investigation for leaks months before his resignation, and had been cut out of communications during this time. Could this have something to do with his dissatisfaction & resignation?

Tucker Carlson and his antisemitic rhetoric... [Hidden Content]

Who is Joe Kent? Meet the Green Beret, MAGA loyalist, and former political candidate who quit over Iran [Hidden Content]

Iran's Intelligence Chief eliminated. He was also apparently the head of their terrorism coordination efforts. White House calls Iranian intelligence minister’s death ‘a good thing’ for the US By DARLENE SUPERVILLE Trump’s chief spokesperson, Karoline Leavitt, said Iranian Intelligence Minister Esmail Khatib was a “known terrorist.” “Of course, this man is no longer with us here on earth,” she said during a morning appearance on Fox News Channel. “And that’s a good thing for the United States. And it’s a good thing for the American people who have long been threatened by this rogue terrorist regime.” Israeli Defense Minister Israel Katz announced Wednesday that its military had killed Khatib. [Hidden Content]

He knew it would be. That was his purpose.

He should have resigned in the way he served. With honor. The post of his resignation letter to X was not only uncalled for, it was detrimental to his brothers and sisters in harm's way. Whether we agree or not, they deserve our support. His action undermines that.

[Hidden Content] The Elections Clause (Article 1 Section 4) & the 17th Amendment dictate how to elect Senators and Representatives.

Break Out Another Thousand. Can you tell I was a boat owner many times over? 🤣