American Politics

[Canada]

Yep. They are "breathing their own exhaust". The following is a month old but the telling portion of the report is: "They can sit with their feet up right now, with money flowing into their pockets, while hardly working," said Rafi Tahmazian, portfolio manager at Canoe Financial in Calgary, which owns shares in oil sands producers. "Why would they want to be a growth business again?" https://www.reuters.com/business/ene...th-2022-03-03/.

But the wingers are "all in" on the API "drill, baby, drill" propaganda.

Canada and USA governments are the big problem for oil and gas investors. When you get stupid leaders like Trudeau and Biden investors have to be wary that both leaders will continue to punish their domestic energy. But Trudeau and Biden don't have to worry about inflation and high gas prices. All they have to worry about is keeping their big con job going on their citizens. As long as stupid voters keep voting for them they can live the high life and drive their countries into ruin.

[Cali Guy]

Trump's economic decisions had wiped out millions upon millions of jobs in the USA and around the world, destroying global Supply Chains along the way by January 20, 2021.

Even the imaginary Santa Claus in the sky with his talking snake that I know you believe in could not have waved a magic Christmas wand and produced a recovery from Trump's colossally disastrous economic stewardship results without triggering significant inflation.

Economic conditions today are many multiple times better than when Trump was wiping out more jobs than had been created several years before he became so-called potus on his way out.

Trump economic plan ended in 2019 when Covid hit. Pre pandemic it was the greatest economy ever. China virus killed it possibly on purpose. Biden still has not gotten all the people back to work yet that were working in Trump booming economy. And Trump booming economy had $1.99 gas and zero inflation. Just compare Biden disaster to that. The numbers prove Biden is worst ever.

[Cali Guy]

Well unlike you I am a mineral processing engineer whose expertise processing minerals. Drilling 100 m holes for mineral resource exploration is much different form drill holes several thousand meters for exploring and extracting oil via the drill hole. Canadian oil sands are mined. See the simple little video put out by none other than the Canadian oi industry. https://www.youtube.com/watch?v=cxiA40XHF0I, and here is a factual quotation for you about costs:

Oil sands are among the world's most expensive hydrocarbon resources, and the heavy, sulfur-rich crude fetches a lower price than the "light sweet" crude that sets the benchmark for the value of oil. In mid-February, a barrel of Western Canadian Select was selling at $12/ barrel less than the USA Benchmark, West Texas International (WTI crude). (See real-time prices.).

The oil sands industry has been walking a difficult balance between the high cost of production and its value on the open market. In 2014, the cost to produce oil sands crude was more than $60 per barrel (expressed in WTI terms), but improvements and efficiencies have brought costs down to $46 to $53 per barrel, according to one estimate, and the mid $40's, by another. Nevertheless, the margins are thin in the best of times, and the industry incurred billions in debt in 2020 when a barrel of Canadian crude was worth less than a bottle of inexpensive wine..

Investors know that oil companies will make large profits with oil over $100 a barrel. Just like savvy investors knew that when Biden started killing pipelines and drilling a shortage would happen and OPEC and Saudi would start raising prices. The real threat is going to be when Biden wipes out the USA strategic reserve of oil and OPEC and Saudi know we don't have emergency oil. If Biden continues to delay drilling and kill pipelines experts say oil will get to $170 a barrel. No financial firm believes this so Biden will probably open up drilling in USA.

Every smart investor is diversified and invests in oil and gas, financials, mining and every phase of the market but analysts try to advise which sector to invest in before the market reacts and a year ago they analyzed what Biden policies would do and recommended buying oil stocks and oil futures. I personally stay away from oil futures but my recommendations to my clients were oil companies and select service companies. About 70% of my clients loaded up on them and made over 100% returns over the last 12 months. 30% didn't believe it. I believe in wealth creation and my clients are doing very well. I have some very liberal diehard environmentalists customers that absolutely won't invest in oil and gas and their portfolios are down 2% this year. Not bad considering the screwup Biden has created.

USA is going to use more oil and gas over the next 10 years. Regardless of EV oil demand is still increasing over next 10 years. We are either going to produce it domestically cheaper and buy from Canada or we are going to buy from our enemies at double the price. Biden is dumb. He thinks he is supporting green energy by killing oil industry. In fact we don't have adequate green energy yet and families are going into poverty because of Biden policies. That is a fact whether you like it or you don't.

[EihTooms]

You low IQ rube, so you don't want the full picture, you just want to hear propaganda from the agitators of this conflict?

Seriously? Maybe you should grow up and try to think like an adult, and take in all information and make an informed decision like an intelligent adult.

Instead of just being spoon fed with the Davos crowd want you to believe is the the "only truth".

I hate the NYT but I read it everyday, any guesses why?

I look for the truth in every direction, why.

Because I have something called a brain, and I use something called critical thinking skills.

I am not a partisan..

Spin spin spin as fast as you can. We'll still catch you as the "Republican Party" man.

If your "Bothsiderism" helped to produce more Democratic Party wins than Republican Party wins and therefore more economic boom times for America rather than Great Repub Crashes, Recessions and Massive Jobs Destruction, you'd drop that pretend "Bothsiderism" nonsense in a nanosecond.

[MarquisdeSade1]

Accept what? What's that mysterious IT that am I supposed to accept, LOL?

And yes you're right. Calling you clowns doesn't make the truth any less true. For people seeking "the truth" in Sputnik or RT are clowns.

Sad ones.

https://dailyreckoning.com/what-happened-to-liberals/

[MarquisdeSade1]

You don't have any clue. Do you? You don't even know the difference between drilling and fracking. You don't even know when you frack or when you frack.

I invested almost $1,000,000 in major oil stocks soon after Biden got elected. My return has been over 100% plus they pay dividends also and oil stocks are are still a buy at current prices. I would bet that not one dumb ass democrat bought oil stocks when Biden tried killing the oil industry.

Every intelligent person knows oil companies want to drill as much as possible with $100 oil. They are fighting Biden policies daily to try to increase production. As an investor I want the oil companies to drill as much as possible.

Rickards: I've never heard so many lies.

All wars are full of lies. Winston Churchill famously said, "In wartime, truth is so precious that she should always be attended by a bodyguard of lies."

https://dailyreckoning.com/rickards-...-so-many-lies/

[MarquisdeSade1]

Yep. They are "breathing their own exhaust". The following is a month old but the telling portion of the report is: "They can sit with their feet up right now, with money flowing into their pockets, while hardly working," said Rafi Tahmazian, portfolio manager at Canoe Financial in Calgary, which owns shares in oil sands producers. "Why would they want to be a growth business again?" https://www.reuters.com/business/ene...th-2022-03-03/.

But the wingers are "all in" on the API "drill, baby, drill" propaganda.

https://www.newsmax.com/larrybell/re...04/id/1064166/

Buckle up, the red Tsunami is already roaring!!

[MarquisdeSade1]

https://mepc.org/speeches/saudi-arab...price-collapse

Cost of oil production varies. Saudis need about $70 a barrel to pay for all their bling etc even though it costs them pennies to extract it. When oil prices are high, they take it from the the tough areas. When they are low, they take it form the easily accessible areas.

Pipeline politics is for the USA to control the world. Russia and China will hopefully save the world and Germany is prepared to fall on an American sword.

Although the world would be better off without the USA, there could be a different play afoot here, to wit to bring rationing etc in as a matter of policy, per the World Economic Forum.

Lidl, one of the world's biggest chains and a German colossus, are putting up prices by 50% tomorrow I believe. The Greens, the Americans' Trojan horse, do not help matters.

Disney must be fucked with the higher gas prices.

Tell me, Americans, how are those lines (queues) doing? They were very long at food banks etc during the Covid layoffs. How stand they now? Is Joe Schmuck fucked?.

https://www.newsmax.com/mikehuckabee...04/id/1064251/

[GDreams]

You don't have any clue. Do you? You don't even know the difference between drilling and fracking. You don't even know when you frack or when you frack.

I invested almost $1,000,000 in major oil stocks soon after Biden got elected. My return has been over 100% plus they pay dividends also and oil stocks are are still a buy at current prices. I would bet that not one dumb ass democrat bought oil stocks when Biden tried killing the oil industry.

Every intelligent person knows oil companies want to drill as much as possible with $100 oil. They are fighting Biden policies daily to try to increase production. As an investor I want the oil companies to drill as much as possible.

It seems that Oil companies haven't heard your assessment as they are stating their current focus is return on investment.

LOL regarding buying oil stocks when the smart money is buying lithium and rare earths and making 5 -10 times. Lithium prices are up 10 fold in the last year. But you just keep thinking you are smart!

[GDreams]

If he has been buying oil type stocks, he has been doing well lately.

The part you left out with regards to oil is which is the cheapest way to transport it and that cost is passed onto the consumer. When Dems are in office, they most care about Warren Buffett and his trains shipping the oil even though it is more expensive than a pipeline.

And I was in West Texas and even there, they had issues with not enough pipeline capacity. There are limits to how many trains and trucks there are. Without pipelines, it may be easier to load up a ship on a sea port in another country than ship oil via train and truck.

And there is this: Although Alberta has already produced over 90% of its conventional crude oil reserves, it has produced only 5% of its oil sands, and its remaining oil sands reserves represent 98% of Canada's established oil reserves.

So the potential then is to produce a ton of oil from Canada. Why not make it as easy and cheap as possible to transport it to the USA where it is needed. Why would you not want to do that versus buy oil from Iran or Venezuela?.

You are correct, it is cheaper to pipe oil than rail it but that is not the case being made by Canada et al. They are arguing that Keystone XL would deliver more oil which it would not under the production capacities. The pipeline would have delivered higher profits to the Canadian producers not lower costs to consumers as the Canadian producers sell at the market price delivered. So basically Keystone XL has minimal impact on the price of gas in the US which is what Canada and Cali keep trying to argue.

Even if there is a pipeline shortage in Texas, production is 1 m bpd less than peak so there is sufficient capacity to increase production without adding Capacity. Pipelines in Texas are governed by Texas and not a federal issue.

[PVMonger]

You don't have any clue. Do you? You don't even know the difference between drilling and fracking. You don't even know when you frack or when you frack.

I invested almost $1,000,000 in major oil stocks soon after Biden got elected. My return has been over 100% plus they pay dividends also and oil stocks are are still a buy at current prices. I would bet that not one dumb ass democrat bought oil stocks when Biden tried killing the oil industry.

Every intelligent person knows oil companies want to drill as much as possible with $100 oil. They are fighting Biden policies daily to try to increase production. As an investor I want the oil companies to drill as much as possible.

The person who has no clue is you, Mr. VP of a financial institution that hands out VP titles in lieu of money. Mr. VP who is so smart that he also invested a million in oil in 2016 and lost most of it.

What a rube.

[PedroMorales]

Every intelligent person knows oil companies want to drill as much as possible with $100 oil. They are fighting Biden policies daily to try to increase production. As an investor I want the oil companies to drill as much as possible.

https://mepc.org/speeches/saudi-arab...price-collapse

Cost of oil production varies. Saudis need about $70 a barrel to pay for all their bling etc even though it costs them pennies to extract it. When oil prices are high, they take it from the the tough areas. When they are low, they take it form the easily accessible areas.

Pipeline politics is for the USA to control the world. Russia and China will hopefully save the world and Germany is prepared to fall on an American sword.

Although the world would be better off without the USA, there could be a different play afoot here, to wit to bring rationing etc in as a matter of policy, per the World Economic Forum.

Lidl, one of the world's biggest chains and a German colossus, are putting up prices by 50% tomorrow I believe. The Greens, the Americans' Trojan horse, do not help matters.

Disney must be fucked with the higher gas prices.

Tell me, Americans, how are those lines (queues) doing? They were very long at food banks etc during the Covid layoffs. How stand they now? Is Joe Schmuck fucked?

Our millionaire friend can afford his tacos and the occasional Puerto Rican ho but how are ordinary folk doing? Here, the civilized world is fucked because it follows the USA and pimple countries like Lithuania that pick fights with China and Russia to impress Biden. Moving to Hungary might be the best option.

[Elvis 2008]

The oil sands industry has been walking a difficult balance between the high cost of production and its value on the open market. In 2014, the cost to produce oil sands crude was more than $60 per barrel (expressed in WTI terms), but improvements and efficiencies have brought costs down to $46 to $53 per barrel, according to one estimate, and the mid $40's, by another. Nevertheless, the margins are thin in the best of times, and the industry incurred billions in debt in 2020 when a barrel of Canadian crude was worth less than a bottle of inexpensive wine.

So you are trying to tell us you are the VP of an investment firm and that shareholders are only concerned about production and not profit and return on investment and you call me stupid, LOLOL.

If he has been buying oil type stocks, he has been doing well lately.

The part you left out with regards to oil is which is the cheapest way to transport it and that cost is passed onto the consumer. When Dems are in office, they most care about Warren Buffett and his trains shipping the oil even though it is more expensive than a pipeline.

And I was in West Texas and even there, they had issues with not enough pipeline capacity. There are limits to how many trains and trucks there are. Without pipelines, it may be easier to load up a ship on a sea port in another country than ship oil via train and truck.

And there is this: Although Alberta has already produced over 90% of its conventional crude oil reserves, it has produced only 5% of its oil sands, and its remaining oil sands reserves represent 98% of Canada's established oil reserves.

So the potential then is to produce a ton of oil from Canada. Why not make it as easy and cheap as possible to transport it to the USA where it is needed. Why would you not want to do that versus buy oil from Iran or Venezuela?

The official reason is that pipelines are not safe and could destroy water supplies. The real reason is Republicans specifically the Koch brothers would financially would benefit from more Canadian American pipelines and Democratic king maker Warren Buffet would be hurt. THAT is what is going on.

Biden would rather allow Venezuela and Iran to make money off of oil than American oil companies because the American oil companies tend to support Republicans, and the end result is all Americans are paying more for gasoline.

[Canada]

Canada, the country produces about 5 million bpd of oil. Of that 5 million barrels, about 100,000 bpd comes from offshore drilling, and about 1. 5 million bpd comes from drilling conventional wells. The remainder comes from unconventional production such as oil sands, shale, fracking, etc.

Therefore, "the majority" of Canada's production doesn't come from drilling at all. And you lied. https://www2.deloitte.com/us/en/page...in-canada.html.

You are a VP? At a "financial institution"? Where they hand out VP titles like candy and where everybody but tellers and janitors are VP's? What a hoot.

But sure, let's ignore industry experts who say that the lack of drilling comes from financial pressures from investors to show more profit. And by all means, let's focus on the API's propaganda that "drill, baby, drill" is the way forward. After all, if you'd invested a dollar in 2016 in oil company stocks, you'd have lost about 60% of your investment by the start of 2021. If you'd invested the same dollar in the S&P 500, you'd have doubled your money..

You don't have any clue. Do you? You don't even know the difference between drilling and fracking. You don't even know when you frack or when you frack.

I invested almost $1,000,000 in major oil stocks soon after Biden got elected. My return has been over 100% plus they pay dividends also and oil stocks are are still a buy at current prices. I would bet that not one dumb ass democrat bought oil stocks when Biden tried killing the oil industry.

Every intelligent person knows oil companies want to drill as much as possible with $100 oil. They are fighting Biden policies daily to try to increase production. As an investor I want the oil companies to drill as much as possible.

[ScatManDoo]

New Hampshire Republican Gov. Chris Sununu stole the show Saturday night at the annual Gridiron Club dinner by saying out loud what most Republicans in Washington *privately* whisper about Donald Trump.

"You know, he's probably going to be the next president," Sununu said of Trump, musing about his "experience," "passion," "sense of integrity" and the "rationale" he brought to his tweets. As the room quieted to see where he was going with this, he paused, then yelled: "Nah, I'm just kidding! He's fucking crazy!" The ballroom roared with laughter. "Are you kidding? Come on. You guys are buying that? I love it. He just stresses me out so much! . I'm going to deny I ever said it. "

It didn't stop there: "The press often will ask me if I think Donald Trump is crazy. And I'll say it this way: I don't think he's so crazy that you could put him in a mental institution. But I think if he were in one, he ain't getting out!