Orange_R
Well-known member
- May 5, 2021
- 1,796
- 983
$7 is conservative, they're speculating $10 by the end July... intentionally pushing the market to crash just like O'bummer did in '08
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Any business owners here suffering with $7/g fuel prices?
- Thread starter 1newbie
- Start date
ChEFF
Forum Moderator
- May 1, 2021
- 14,680
- 8,811
Some people will just give in to Electric Vehicles. I get it but........for those of us that have big diesel trucks to operate our business, we're going to pass along the increase to the customer. Peace
It's clear, with the government intentionally limiting or shutting down domestic oil production, the agenda is pretty clear, that they are going to RAM electric vehicles down our throat.. But here's the rub.. We are several decades away from the nationwide infra-structure to begin to support a large scale increase in electric vehicle transportation.. so what happens when we get to the crossroads of we don't have enough power, or the means to distribute what we do have? By then , most auto MFG'rs will no longer offer petroleum based vehicles, and we will have driven all but the biggest and most diversified oil companies out of business from lack of demand, and we will be at the point of no return.. There is a steady march of this government stripping freedoms, and the right to liberty in the country. Sad. What is the breaking point? or are we just going to roll over and turn into Russia?
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Bobalos
Well-known member
- May 5, 2021
- 6,686
- 5,260
IMO, that is the road we are headed down. the question is who ends up on the top of the pile running the country???
1HasBeen
Well-known member
- May 5, 2021
- 1,303
- 1,587
Yes, there will be a point where the green utopia wet dream meets harsh reality. Then the SHTF.
Yes. Suffering. Steel contracting business. I pulled back on business a year ago as the costs and inefficiency equaled slim to no profit. Thank god we are not driving our trucks as often to job sites to install “pieces” of jobs at a time. We used to have to move in on jobs 2-3 times total. Now the superintendents call constantly to get a sliver of the job just to keep it moving because all the trades before us are in a mess also.
Feels like 3rd world status is just around the corner.
Those that blame “this or that” fed government policy for our condition are clueless. Any in power would have made the same QE decisions. It started in the Trump regime. The Dems DID push for more QE but it failed to pass (which it was bound to but they had to put on a show to buy votes). State policy appears to be more damaging. California policy is just getting absurd. We can vote there with our zip code.
Domestic oil production is not down, in fact is on the rise. Keystone is one controversial example that is being overblown.
Yes, some policies have small cause and affect here and there but overall this is just a correction to a worldwide overconsumption economy. This was going to happen sooner or later. Covid just accelerated the due date.
The rest of the world lived with prices this high for decades. Time for change. Nowhere else do they drive inefficient vehicles as the norm as we do.
We are not in control of the worlds resources any longer.
Want to get ahead of the curve? Start selling your toys NOW. Don’t wait until SHTF….
You ain’t seen nothing yet! The “real” bad is coming…..
Feels like 3rd world status is just around the corner.
Those that blame “this or that” fed government policy for our condition are clueless. Any in power would have made the same QE decisions. It started in the Trump regime. The Dems DID push for more QE but it failed to pass (which it was bound to but they had to put on a show to buy votes). State policy appears to be more damaging. California policy is just getting absurd. We can vote there with our zip code.
Domestic oil production is not down, in fact is on the rise. Keystone is one controversial example that is being overblown.
Yes, some policies have small cause and affect here and there but overall this is just a correction to a worldwide overconsumption economy. This was going to happen sooner or later. Covid just accelerated the due date.
The rest of the world lived with prices this high for decades. Time for change. Nowhere else do they drive inefficient vehicles as the norm as we do.
We are not in control of the worlds resources any longer.
Want to get ahead of the curve? Start selling your toys NOW. Don’t wait until SHTF….
You ain’t seen nothing yet! The “real” bad is coming…..
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Fireballsocal
Well-known member
- May 6, 2021
- 470
- 405
Quantitative easing.
1HasBeen
Well-known member
- May 5, 2021
- 1,303
- 1,587
QE started in 2008, long before Trump. Once they let the bailout genie out of the bottle, and started QE it set us on the highway to hell.
Not the owner but have a general manager position and it is really starting to make a crunch here we are a Constuction material supply company and we burn about 10 to 12000 gallons a week split off road and on road, cement powder has gone up 16% in the last 4 months going up another 6% by September asphalt oil went from $425 a ton last spring to $775 today I know this is the current administrations plan or the people who own them and I see it getting a whole lot worse
The policy of QE started in 2001 by the Japanese. We borrowed it to save our failing economy. Look where Japan is now for a road map to eventual fiat currency failure.
QE comes and goes as needed. The current round was due to Covid and that was Trump. Again, not “his” policy but current easing started during his watch. Then it went on too long….
Quantitative tightening is in play now as a way to attempt to reign in inflation. We will see it manipulated by political policy rather than real fiscal policy during the next election.
This is the game we are in for the long haul until the dollar is worthless. Our economic system relies on it until it caves in under its own weight.
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https://en.m.wikipedia.org/wiki/Quantitative_easing
Here y’all go if you would like a broader explanation of the policy.
Here y’all go if you would like a broader explanation of the policy.
https://www.globalpetrolprices.com/gasoline_prices/
We have the cheapest fuel of the non-subsidized countries.
We have the cheapest fuel of the non-subsidized countries.
- Apr 29, 2021
- 2,328
- 3,423
We're lucky enough to have Newport harbor as our service area. My clients will enjoy less people at the island and not care too much about fuel costs.
Now the smaller boats are definitely not going out. Dry stack launching is down 80% from this time last year.
So for me. When my big boat clients slow down, that's when we will slow down.
Now the smaller boats are definitely not going out. Dry stack launching is down 80% from this time last year.
So for me. When my big boat clients slow down, that's when we will slow down.
1HasBeen
Well-known member
- May 5, 2021
- 1,303
- 1,587
Rockwood
Well-known member
- May 5, 2021
- 5,031
- 6,404
Freight and shortages are killing me. Both are fighting each other to be the one that drowns my proposals in red. Freight goes up to eat profit, shortages make it so I can’t ship anything so I get poked in the anus on the next freight hike.
Until we fix literally all of this page:
https://usdebtclock.org
Going to keep getting worse. In 2008, we cured an economic hangover with more drinking. When the party stops, gonna be not fun.
Until we fix literally all of this page:
https://usdebtclock.org
Going to keep getting worse. In 2008, we cured an economic hangover with more drinking. When the party stops, gonna be not fun.
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See that lil hook at the top? Watch where it goes from here…..
They are now selling off assets to tighten money supply.
The economy is cyclical. Got almost nothing to do with who is captain. Slight political bumps here and there but overall it’s gonna do what it’s gonna do. Covid was an anomaly.
Hard assets are king right now.
Who bought oil stock when oil went below zero for a day? I certainly did. Not complaining over our performance in XOM. Let fuel prices run. It’s a wash if you were invested early.
https://www.google.com/search?q=xom+stock&oq=xom&aqs=chrome.2.69i57j46i199i433i465i512j0i433i512l3j46i131i433i512j0i433i512j46i10i199i465i512j0i131i433i512j0i433i512.3292j0j15&sourceid=chrome&ie=UTF-8
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The ONLY thing on that clock that I give even the remotest chit about is social security burden. 2 more years to collect on my forced contribution. Maybe I get some?
Guess what the gubment will do when there is a shortfall? That’s right, more QE…..
Let’s have a guess at what fuel prices will be during that period. Food? Cars? Homes?
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1HasBeen
Well-known member
- May 5, 2021
- 1,303
- 1,587
The Fed's intervention, and governments meddling have perverted the economic cycle. I was against bailouts and remain so. I have made many mistakes in life and business(successful family business for 54 years) and nobody bailed us out or paid for our mistakes. Too big to fail is bullshit. The bubble has just continued to get bigger and the pop will be more catastrophic.
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