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Desire to be a vessel of honor unto the Lord Jesus Christ?
Join For His Glory for a discussion on how
https://christianforums.net/threads/a-vessel-of-honor.110278/
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Taking the time to pray? Christ is the answer in times of need
https://christianforums.net/threads/psalm-70-1-save-me-o-god-lord-help-me-now.108509/
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Depending upon the Holy Spirit for all you do?
Read through the following study by Tenchi for more on this topic
https://christianforums.net/threads/without-the-holy-spirit-we-can-do-nothing.109419/
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How are famous preachers sometimes effected by sin?
Join Sola Scriptura for a discussion on the subject
https://christianforums.net/threads/anointed-preaching-teaching.109331/#post-1912042
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A Run on Gas
- Thread starter daninthelionsden
- Start date
Corn Pop
Member
What happens when everyone gets locked down and they create trillions out of thin air and recklessly spend and fund and bail out big companies and give stimulus crumbs to the regular person.
Oh, it comes back to bite. Well maybe for the regular person and small business if they even survived.
The last couple years has been the biggest wealth grab in the history of humankind.
Oh, it comes back to bite. Well maybe for the regular person and small business if they even survived.
The last couple years has been the biggest wealth grab in the history of humankind.
Corn Pop
Member
The new normal. I don't even know why this is on the news it happens everyday now it's nothing out of the ordinary since lockdowns. Why even have news on these crimes anymore it's just regular these days.
Notice how they said after a night of violent crime in the city. What's new since lockdown.
Notice how they said after a night of violent crime in the city. What's new since lockdown.
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Edward
2024 Supporter
That's right Brother. If they want to sanction Russia, fine go ahead, but at the same time...do something for the American people. Like firing up up our own refineries and using our own oil reserves. Like Trump had us doing! But the douchbag elites don't want to ease up on their profits, so just, pass it on to the American people!
Sounds more and more like Treason every day.
daninthelionsden
Member
I've been watching some prepper Youtube channels to get a feel of society's undercurrent and one of my favs is Canadian Prepper. Of course he's in it to make a buck, but I filter out that which I find impractical and consider the rest.
Corn Pop
Member
I feel sorry for the younger generation, locked down and forced to stay home while brainwashed there future is doomed by the climate so they think they got no hope. When people think they got no hope they believe they got nothing to lose and people who think they got nothing to lose do stupid things. Crime is on the rise and if it's not crime it's mental health issues.
Where is the inspiration and motivation and hope given to the younger generation.
Telling them the world is doomed by the climate and locking them down saying a virus might kill them is not really inspiring and motivating for a positive outlook and achievment. Its just anxiety and depression.
The younger generation don't want kids and a family in the future they afraid of the climate.
Where is the inspiration and motivation and hope given to the younger generation.
Telling them the world is doomed by the climate and locking them down saying a virus might kill them is not really inspiring and motivating for a positive outlook and achievment. Its just anxiety and depression.
The younger generation don't want kids and a family in the future they afraid of the climate.
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Edward
2024 Supporter
I like to watch some animal videos. Many of them are fight videos. The animal kingdom has no fear I see. The smallest animal will fight the biggest predator to the death, and sometimes they win. Many times they drive the predator off.
The Bible is replete with the admonition to...not fear. Do Not Fear. All throughout the Bible.
That's almost all they do anymore is teach people that they should fear everything. It is all a lie. Even if they kill Edward, they can not make him die. That's in the Bible also!
daninthelionsden
Member
You hit the nail on the head. Our youngest son said he will not marry nor will he be giving us grandkids as he can't see bringing kids into this insanity that our governments have wrought upon us.
Corn Pop
Member
A young student asked me if I have mental health issues. Lol. I was like what's that all about and they said it was a school survey they were doing. I mean it's good mental health is being acknowledged more these days but still students should not be told to ask people if they have mental health issues that's kinda private information. Hey I just wondering are you mentally deranged.
daninthelionsden
Member
When our daughter was only in first grade, she was told to go around the neighborhood asking about HIV. I informed the school that she would not be participating and asked what the next assignment would be on...syphilis? A first grader???
Dorothy Mae
Member
What’s interesting is the hippies said the same thing in the 70s. They won’t bring kids into this world.
Corn Pop
Member
A first grader don't need to know about HIV, they should be learning there ABC. And first graders shouldn't be knocking on neighbourhood doors unless it's an emergency. Good for you pulling her out of the assignment.
Hi WIP
Russia is the second largest producer of crude oil on the planet. Right now, many EU nations, who have always used Russian crude, are refusing it in order to hurt Russia in its endeavor to take back the area of the Ukraine. Guess what? That means that these EU nations have to either close up shop and not provide or have any gas to sell to their citizens. That's not going to go very well. So, they have to find other sources for their lost crude that Russia was supplying. Guess where they go? To the world crude oil markets, i.e., the OPEC+ nations. So now, all the crude that OPEC+ is producing has to also replace the crude that Russia was producing. That means that the price of the limited output of crude by the OPEC+ nations goes up because it's now in greater demand.
Now, the U.S. produces enough crude oil to pretty well take care of our needs, but...that crude is not just held and sold here to U.S. refineries at some lowball price. No! Not at all! Crude oil, no matter where it is pumped out of the dirt of the earth, is sold through a global crude oil market. So, U.S. crude gets sold in the same market that Saudi Arabian crude gets sold in. Saudi Arabia's crude price is going up because now they've got to take care of replacing the crude that most of the EU was getting from Russia. Oh! That means that the price of crude oil, no matter where it comes out of the dirt, goes up because it's all sold in that same worldwide market.
That's why the loss of Russian crude causes higher crude prices around the globe. It's my understanding that China is still buying Russian crude and the are getting a bargain because Russian crude is not being sold on the world market but directly to China at a fairly steep discount just so Russia can have some money with which to operate and fight their war.
God bless,
Ted
This brings us back to the crude oil supply issues I've already mentioned. If availability of Russian oil is drastically reduced or cut off, the resulting shortage of crude should be driving the price of crude through the roof but so far, that has not happened. The highest crude oil prices have ever been was in 2008, when it reached nearly $142.00 per barrel driving refined gasoline up to $4.00 per gallon retail here in the US. Adjusting for inflation, $142.00 in 2008 calculates to an equivalent of $177.00 dollars in 2021 and just about $192.00 today. We are no where near those prices for crude oil. In fact, crude oil is prices have shown a downward trend in this past month to $104.00 per barrel.
Crude prices were higher in March, 2011, at $114.00 and the highest they have been since then is $112.00 in May of this year and have been on the downward trend since.
daninthelionsden
Member
That's just my point. Maybe there are shortages somewhere but I have not heard of any here in the US. Prices typically increase on holidays, particularly Memorial Day weekend, Independence Day, and Labor Day weekend due to the increased demand caused by increased travel. The result is rarely fuel shortages so either the prices are increased to take advantage of the opportunity to do so or refinery output and delivery are increased in anticipation of the increased demand and that likely means overtime for workers and that would justify the price increases.
Hi WIP
But, it is what it is. Crude oil prices have shot up and most of it is due to new demand while world producers have not yet ramped back up to pre-Covid conditions. According to the WP, there are five American refineries that shut down due to the slow down in demand of refined fuel products when everyone was staying home. Hardly any airline travel and hardly any automobile travel counts for a lot, lot, lot of gasoline and other refined fuel products. Those refineries have not been restarted as of today. The WP report estimates that those shut down refineries have removed about 1 million gallons of gasoline from our country's supply per day!! That's per DAY!!!! So, now we're getting back to normal here in the states as far as travel, although still not up to full capacity. Who do you think is supplying those missing 1 million gallons of gasoline each and every day?
So, the issue is, as usually, supply and demand. The fact that the prices are not exactly the same as a previous crisis point doesn't negate the causes of what we're experiencing now. The large oil companies shut down those refineries when they were producing a glut of gasoline that no one wanted or was using and the price of gas cratered. Of course what's his name thinks it's all because of him that gas was so cheap. For whatever reason, those oil refineries have not been put back on line and we're missing 1 million gallons of gasoline every day. It's been a lot of years since I took Econ 101 in college, but anytime you reduce supply, and demand remains the same or goes up, then prices generally increase. It's really pretty basic economic theory.
Then, as I wrote previously, you add in the loss of Russian crude that a lot of the rest of the world was using, then the shortage intensifies. There are several variables that are the reason that gasoline is as expensive as it is today, but they all hinge on the basic supply and demand economic model.
God bless.
Ted
I'm not sure that can be said as an economic fact. There are a lot of variables that come into play at any particular and specific time in the operation of the global economy. First of all, many Asian nations are still pretty much under lockdowns and Covid controls. So, while oil went to $142 previously due to shortage conditions, you can't with any assurance say that such conditions today must exactly mimic those conditions then. Secondly, even here in the U.S. there aren't nearly as many airplanes flying about because of pilot shortages and other business conditions and so they're not using as much oil as they normally would be either.
But, it is what it is. Crude oil prices have shot up and most of it is due to new demand while world producers have not yet ramped back up to pre-Covid conditions. According to the WP, there are five American refineries that shut down due to the slow down in demand of refined fuel products when everyone was staying home. Hardly any airline travel and hardly any automobile travel counts for a lot, lot, lot of gasoline and other refined fuel products. Those refineries have not been restarted as of today. The WP report estimates that those shut down refineries have removed about 1 million gallons of gasoline from our country's supply per day!! That's per DAY!!!! So, now we're getting back to normal here in the states as far as travel, although still not up to full capacity. Who do you think is supplying those missing 1 million gallons of gasoline each and every day?
So, the issue is, as usually, supply and demand. The fact that the prices are not exactly the same as a previous crisis point doesn't negate the causes of what we're experiencing now. The large oil companies shut down those refineries when they were producing a glut of gasoline that no one wanted or was using and the price of gas cratered. Of course what's his name thinks it's all because of him that gas was so cheap. For whatever reason, those oil refineries have not been put back on line and we're missing 1 million gallons of gasoline every day. It's been a lot of years since I took Econ 101 in college, but anytime you reduce supply, and demand remains the same or goes up, then prices generally increase. It's really pretty basic economic theory.
Then, as I wrote previously, you add in the loss of Russian crude that a lot of the rest of the world was using, then the shortage intensifies. There are several variables that are the reason that gasoline is as expensive as it is today, but they all hinge on the basic supply and demand economic model.
God bless.
Ted
Something that doesn't seem to quite add up though is if you refer to the oil price chart I posted above, you can see that the price of oil actually started climbing about the same time that Covid hit the scene. With all the lockdowns and restricted travel bans and such, the demand for crude took a sharp decline and yet the price did just the opposite.
daninthelionsden
Member
This is a little over my head, but do oil futures affect the present price of oil? I just heard dock workers in America are prepared to go on strike. This will affect thirty docks across the country. Sure looks like we're looking at significant shortages in everything, including oil, if this happens.