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All-In [46825]
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Joined: 8/11/15
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Get ready. This will be the drum beat from the right
Mar 8, 2022, 10:03 AM
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Today "Biden Buying Russian oil, bad"
Tomorrow " Biden not buying Russian oil bad, causing price spike"
They place both sides, and sadly a lot of people will fall for it
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All-TigerNet [13136]
TigerPulse: 100%
Posts: 14134
Joined: 11/2/15
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Re: Get ready. This will be the drum beat from the right
Mar 8, 2022, 10:06 AM
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Get this through your head. The drum beat from the right is:
"WORST PRESIDENT EVER!"
Nothing more.
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All-In [47844]
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It's possible they may not be wrong***
Mar 8, 2022, 10:08 AM
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All-In [40656]
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Honest question
Mar 8, 2022, 10:10 AM
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Who is beating the drum saying its bad to buy Russian oil? It's evident that these sanctions are a double edged sword. Average Americans are going to be paying for these sanctions. It was $93 to fill up my truck yesterday. Mayor Pete out here saying, "buy an electric car". Sure, I can probably go buy an electric vehicle, but how many Americans can justify that purchase?
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Heisman Winner [111623]
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Re: Honest question
Mar 8, 2022, 10:50 AM
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You can get Crossovers that will pull a boat for around 40k. It costs less than 10$ to charge them and they get over 250 miles, which is like paying 1$ for a gallon of gas. I'd give it another 2-3 years and they should be extremely competitive, especially considering the total cost of ownership and gas inevitably getting more and more expensive.
The average consumer can get a Nissan leaf right now for under 30, it si more like 30 cents a gallon to charge.
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All-In [47750]
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All-In [40656]
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$30k is expensive for the majority of Americans
Mar 8, 2022, 11:10 AM
[ in reply to Re: Honest question ] |
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Especially those that already have a completely fine functioning vehicle at the moment. What about the cost to install a charging station at their house? Oh, they dont have a home? What about at their apartment complex? Oh, they live in government housing and there isn't a charging location within a ten mile radius of their home?
Electric seems cute until you realize that 35% of Americans do not own homes, therefore, do not control what happens at their residence when it comes to utilities. Of the 65% that do own homes, who can afford to install a charger when they already live paycheck to paycheck?
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All-TigerNet [12249]
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Another problem with buying a car right now is that the
Mar 8, 2022, 12:09 PM
[ in reply to Honest question ] |
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automotive semiconductor chip shortage is still with us and forecast to remain through all of 2022. There is a reason most of the car lots have a limited supply of new car inventory right now (electric or gas cars).
Unfortunately, there just isn't a quick way to get around the coming increases in oil prices. A combination of bad energy policy, idiotic decisions, and world politics/war is biting us all in the a$$.
The Biden regime spent their first year adding regulatory overhead that hinders domestic production, canceled pipelines that would benefit both the USA and Europe in the near future (i.e. Keystone XL and the East Med pipelines), closed ANWR to drilling while also freezing Federal lands for exploration. While at the same time the Biden regime continually berates the oil producers upon which we all rely as planetary reprobates at every opportunity. Add the push for ESG investing to the Biden regimes "hate oil" approach and we have a genuine mess.
Oil producers, like any other industry, rely heavily on investment to start new production. If we want more domestic oil tomorrow - it requires investors having put money into new production yesterday. When an administration and their regulators take actions that essentially say "we want to end fossil fuels" it discourages that investment and the result is higher prices at the pump.
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All-In [39020]
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Buying Russian oil was hypocritical.
Mar 8, 2022, 12:20 PM
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Not buying Russian oil hurts Americans.
Of course if he hadn’t hamstrung American oil production over climate panic BS he could avoid being screwed either way.
But the American people are getting what they voted for. It would be funny if I didn’t have to live here with you dumb #####.
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Hall of Famer [24477]
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Heck no. This right winger owns some energy stocks.
Mar 8, 2022, 2:18 PM
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I don't like to see the economy hurt, but gasoline can't go up enough to make a dent in the improvement in energy investments.
Having said that, I'm a small investor, and over the last 5 years i'm probably just back to even on energy stocks. I'm not a great picker. I'm like my Chicago buddy who is a left winger as well as a 'not small' investor. When I asked him about how he felt about Trump, he honestly said, "Which hat you want me to wear? When I'm watching CNN I hate him. When I'm reading the WSJ I love him." Actually, I suppose Putin has made me more money than Biden. Yea Putin. I'm 'praising Putin' now. Until he launches a nuke and we all go broke together.
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