Official Coronavirus Economic Thread đŸ’±

Right! And if we go back to depending on oil as we once did, we would not be the “dominant” oil exporter as we are now. We would be relying on Russia and other countries to get oil.

That is why, even though, gas is very cheap at the pump is good for consumers. But bad overall, as a country.

IMO, we as a country should be working harder to strengthen our relationship with Russia not China. We culturally have more in common with Russia than we do with China. On the flip side, working on alternative energy sources is also a good thing IMO but striking a balance for gradual change is really what is being challenged right now.

We have a tremendous amount in our back pocket. That is why the world fears us and the dollar is ‘gold’.

We can take care of our country independently, can’t we?

Rush Limbaugh brought up a good point on his show about US and our Independents on oil.

That’s why we should be fracking
right? I think we should be.

Meh. Russia is working with China as you, I and the rest of the world knows.

It is sold on a global market.

Do you think oil soured here is sold only in America to Americans? :flushed:

Ummm
Texas?

Aren’t even working on the Keystone Pipeline?

Not necessarily, the optics says that, but having studied in China the truth is they are not as strong relationship wise as you may think. In fact, the Russians don’t trust China, and Russia is only an adversary because they don’t belong to the world banking cartel and are a debt free nation currently.

Sure we can, Trump said it himself that economic security is National security. We need to root out the CHICOMS first so they are not stealing from us. I think there is a plan in place that is being unleashed that will address this problem but it’s covert and it’s gradual. Yes there is a lot we can still do but people like Pelosi and her Marxist tribe need to be stripped naked of their power and wealth and made to be held to account. They are the ones blocking progress to fixing what ills this country.

OilPlunges-04202020

The first time ever it went negative.

Indeed so, but we seem to be hell-bent on provoking and alienating them. It’s insane. I’ve just re-read and see you wrote ‘not China’. I think it should be both of them.We’re becoming irrationally fixated about China - maybe because it is coming up fast as a powerful and prosperous country, but the US likes to be top dog?

Uh no! Because they are a murderous communist regime and don’t value human life! Of course I already stated this to you, but your insistence on propagating you’re communist sympathy is pretty clear!

Let me put it this way for you; I’d rather walk the streets in Beijing or Shanghai after the hours of darkness, than the streets of NYK or Chicago - or any other city in the US for that matter, and where, as I understand, the pavements are dotted with human excrement - as if there isn’t enough dog excrement already. I trust that that will tell you where I’m coming from? In short, it has nothing to do with ‘communism’, which you seem to be obsessed about, it has to do with the method of central government, which enables the likes of you and me to safely walk the streets, and sit in a park unmolested, and know your children will return home from school rather than be gunned down in one. Very often the iron fist of law and order for the greater good is preferable to a liberal regime where the law-abiding are always on the defensive from criminals and anti-social scumbags who are so high on substances that they would rape a young woman as soon as look at her. I think you’ve been away from the US too long, and need to be brought up to speed as to what it’s like there now.

You invent a new kind of stupidity here! Why do you keep repeating your communist propaganda here? This a economic thread not a political one so please spare us your gibberish and learn to read. Your nonsense has nothing to do with this threads topic, nor in context to my statements earlier which is why I very rarely am willing to converse with you on any topic here; yet you can’t seem to help yourself by posting your insane rants of anti American bullshit. Don’t respond to me anymore with your lunatic derangement as its pretty clear you can’t stay on topic!

:astonished: Temper, temper! You always respond like that whenever I put you on the spot and you can’t dispute what I’ve said.

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Lets add delusional to the list as well. You are not putting anybody on the spot, so stop derailing this thread with your asinine posts here.

Do you know how to read? “E-C-O-N-O-M-I-C” Thread.

Now go away and leave the conversation to people who actually can stay on topic!

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Remember the Iranian missile attack on the Saudi’s oil storage facility a few months ago? I believe the Kingdom is using the current opportunity to crush Iran and in the meantime marginalize Venezuela and other sources such as Mexico.
Our frackers are much more resilient and will bounce back although the weaker ones will pass, as it should be in a capital based society.
Enioy the lower gas prices this summer as your natural gas bill will be higher next winter due to tighter supplies because of drillers shutting down parts of their operations.
I like Trump’s move to fill the national reserve at bargain basement prices.