posted by gutAt least I'm seeing now where the leftwing media is calling for an end to lockdowns.
Who knew! Nobody thought that could happen! No one could have predicted it!
I am old enough to remember when predicting this was a mockable offense to some.
https://www.cnn.com/2021/02/15/politics/joe-biden-presidential-routine/index.html
Jesus...this guy has never even checked in for the job. Who is answering the phone at 3am? Not this old man that goes to bed at 9pm
Oh no he’s not tweeting nonsense at 5:30am, how awful for the country.
posted by Spockhttps://www.cnn.com/2021/02/15/politics/joe-biden-presidential-routine/index.html
Jesus...this guy has never even checked in for the job. Who is answering the phone at 3am? Not this old man that goes to bed at 9pm
He isn't glued to the television for the better part of the day listening to idiots on Fox?
posted by bigorangebuck22He isn't glued to the television for the better part of the day listening to idiots on Fox?
No he is asleep at the wheel while the radical left like AOC and Pelosi ride shotgun. Dont forget all the people behind the scenes (unelected officials) that are going to crush us like Susan Rice who is running domestic policy. Biden has no clue what is going on.
What’s the reason (that I can understand) why a barrel of oil has went from $25 to $61.40 in the last 3-4 weeks?
posted by Ironman92What’s the reason (that I can understand) why a barrel of oil has went from $25 to $61.40 in the last 3-4 weeks?
You may be aware of a COVID pandemic that devastated the energy sectors and that we are recovering from. Increased fuel demand. Econ 101.
posted by Dr Winston O'BoogieYou may be aware of a COVID pandemic that devastated the energy sectors and that we are recovering from. Increased fuel demand. Econ 101.
Why such the demand in the last month?
posted by Ironman92Why such the demand in the last month?
Vaccine.
Probably election is factored in. But a president does not immediately swing oil costs like that. $25 a barrel was never sustainable.
posted by Dr Winston O'BoogieVaccine.
Probably election is factored in. But a president does not immediately swing oil costs like that. $25 a barrel was never sustainable.
So those with the vaccines are adding to the daily travel? Makes sense but seems a bit drastic considering the % and so many being the elderly that has received it.
So as us normal age folk get the vaccine over the next 60 days how high do you see it going?
Lol at tying oil prices to covid.
posted by Ironman92What’s the reason (that I can understand) why a barrel of oil has went from $25 to $61.40 in the last 3-4 weeks?
A number of factors that I read and from talking to a colleague that covers the overseas oil market.
1. There is a strike in Norway that is hampering production
2. The weather in Texas is shutting down oil production, thus limiting supply.
3. The idea of another round of federal spending will link to more people spending and more demand of oil.
4. OPEC is likely to raise their prices as well in relation to the higher demand anticipated here in the US by Shale
5. Yes, the vaccine is a factor as it means more people will eventually travel.
6. The price for a barrel was artificially deflated due to the pandemic and was due to increase as people get back to normal.
7. Yes, the Keystone decision did play a small part, but other factors above also played a role.
8. Trying to tie higher gas prices to a President is dumb as its a complicated market.
posted by Ironman92So those with the vaccines are adding to the daily travel? Makes sense but seems a bit drastic considering the % and so many being the elderly that has received it.
So as us normal age folk get the vaccine over the next 60 days how high do you see it going?
The price of oil futures can incorporate factors such as a gradual increase in transportation expected in coming months due to more people driving and flying. It doesn't mean it's happened today all at once. But it reflects a general attitude that demand will continue to rise as the economy continues to recover.
posted by FletchLol at tying oil prices to covid.
Look at the price of oil last February and March when the shutdowns started and tell me that Covid's not a factor.
Don’t mind Fletch, gas prices before the pandemic are irrelevant.
posted by Ironman92What’s the reason (that I can understand) why a barrel of oil has went from $25 to $61.40 in the last 3-4 weeks?
Oil price is a function of speculation, kind of like the stock market.
The speculators got scared when Biden shutdown the Keystone Pipeline.
posted by Dr Winston O'BoogieYou may be aware of a COVID pandemic that devastated the energy sectors and that we are recovering from. Increased fuel demand. Econ 101.
So this devastation waited through the whole year of the pandemic and waited until now to drive the price up?
Or, a more simple answer, speculation is driving it up as the speculators are worried after the shutdown of Keystone.
posted by Dr Winston O'BoogieVaccine.
Probably election is factored in. But a president does not immediately swing oil costs like that. $25 a barrel was never sustainable.
Seriously? Vaccine? I hope you were being facetious.
posted by ptown_trojans_1A number of factors that I read and from talking to a colleague that covers the overseas oil market.
1. There is a strike in Norway that is hampering production
2. The weather in Texas is shutting down oil production, thus limiting supply.
3. The idea of another round of federal spending will link to more people spending and more demand of oil.
4. OPEC is likely to raise their prices as well in relation to the higher demand anticipated here in the US by Shale
5. Yes, the vaccine is a factor as it means more people will eventually travel.
6. The price for a barrel was artificially deflated due to the pandemic and was due to increase as people get back to normal.
7. Yes, the Keystone decision did play a small part, but other factors above also played a role.
8. Trying to tie higher gas prices to a President is dumb as its a complicated market.
All of those factors are true, just funny you try to minimize Keystone since it is the only one tied to your guy...
posted by jmogAll of those factors are true, just funny you try to minimize Keystone since it is the only one tied to your guy...
No, because in talking to my colleague, I asked him that and he said, the Norway issue, OPEC decision, and federal spending are more important factors. The Texas weather only adds to it. The strike in Norway is apparently a really big deal.
Again, tying oil prices to a President is dumb. It's a complicated market.
