[Bill14564]

Originally Posted by golfing eagles

Question: If someone shuts down the Keystone extension and new drilling permits on January 22, 2021 did anyone except the catastrophic damage would be evident on January 23? If not, the 2021 argument is moot

Are you proposing that someone should have predicted the reaction in the stock market? Is the country now supposed to be run in a way that minimizes the often irrational behavior of the market? It seems like you are proposing a "tail wagging the dog" form of governance.

The 2021 argument is a supply and demand argument. The supply has not decreased but has actually increased. The demand has increased more. These are real, hard facts.

The January 23 argument asks for speculation against potential speculation. Yes, the markets are going to react but in the absence of anything else the supply and demand numbers will prevail. But we didn't have the absence of anything else, we had the war in Ukraine. Now, the markets are reacting to the war in Ukraine and the markets are reacting to the way the markets are reacting. Unfortunately, since the markets set the price of oil and gas, that is causing problems.

And with that, I am out of my comfort zone. Time to sit back and watch those with more background make logical, non-political arguments.

[golfing eagles]

Originally Posted by Bill14564

Are you proposing that someone should have predicted the reaction in the stock market? Is the country now supposed to be run in a way that minimizes the often irrational behavior of the market? It seems like you are proposing a "tail wagging the dog" form of governance.

The 2021 argument is a supply and demand argument. The supply has not decreased but has actually increased. The demand has increased more. These are real, hard facts.

The January 23 argument asks for speculation against potential speculation. Yes, the markets are going to react but in the absence of anything else the supply and demand numbers will prevail. But we didn't have the absence of anything else, we had the war in Ukraine. Now, the markets are reacting to the war in Ukraine and the markets are reacting to the way the markets are reacting. Unfortunately, since the markets set the price of oil and gas, that is causing problems.

And with that, I am out of my comfort zone. Time to sit back and watch those with more background make logical, non-political arguments.

Interesting, but nowhere did I mention the stock market at all. My point is that when you cut supply------yes CUT SUPPLY, eventually, NOT the next day, and demand increases, the price will go up. PERIOD. Futures contracts for commodities go out both short term and long term. The handwriting on the wall is obvious to all but the truly brainwashed, domestic supply will go down as demand increases, so prices will rise. Economics 101. Unfortunately, some of the decision makers are either among the brainwashed or the brain dead.

[Bill14564]

Originally Posted by golfing eagles

Interesting, but nowhere did I mention the stock market at all. My point is that when you cut supply------yes CUT SUPPLY, eventually, NOT the next day, and demand increases, the price will go up. PERIOD. Futures contracts for commodities go out both short term and long term. The handwriting on the wall is obvious to all but the truly brainwashed, domestic supply will go down as demand increases, so prices will rise. Economics 101. Unfortunately, some of the decision makers are either among the brainwashed or the brain dead.

Apparently, I made an incorrect assumption. For clarity, what were you referring to when you wrote, "did anyone except the catastrophic damage would be evident on January 23?" If not the market reaction then what exactly was the catastrophic damage that was evident on January 23?

[golfing eagles]

Originally Posted by Bill14564

Apparently, I made an incorrect assumption. For clarity, what were you referring to when you wrote, "did anyone except the catastrophic damage would be evident on January 23?" If not the market reaction then what exactly was the catastrophic damage that was evident on January 23?

The "catastrophic damage" (hyperbole, I admit), referred to future oil prices, future inflation and further dependence on foreign oil. The stock market does what it does, sometimes independent of current economic reality. Sorry I wasn't clear

[MartinSE]

From what I have read, the Keystone pipeline extension had managed to complete 90 miles out of a total of 1200 miles in over a year. Most estimates, considering legal issues, funding, etc, feel the pipeline extension would have been completed in 3 years - if everything went right.

So, around 2024 we could see some oil flowing through the extension.

Then there is the little matter of the oil coming from their tar pits was to be refined in the US and mostly shipped overseas.

Sounds like a lot of Tucker is being spread here.

I won't provide links, since that seems to insult people here.

[Stu from NYC]

Originally Posted by golfing eagles

Interesting, but nowhere did I mention the stock market at all. My point is that when you cut supply------yes CUT SUPPLY, eventually, NOT the next day, and demand increases, the price will go up. PERIOD. Futures contracts for commodities go out both short term and long term. The handwriting on the wall is obvious to all but the truly brainwashed, domestic supply will go down as demand increases, so prices will rise. Economics 101. Unfortunately, some of the decision makers are either among the brainwashed or the brain dead.

Or getting paid to help the oil industry raise the price

[golfing eagles]

Originally Posted by Stu from NYC

Or getting paid to help the oil industry raise the price

explanation????

[Calisport]

I'm waiting for the $90.00 discount on electric cars also

[Moderator]

Thread closed. Refer to post 95.