US Oil Producers Fail to Produce

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Originally Posted by Seran

Yeah, I don't think you have any idea what you're talking about. During times of national emergency, the President is obligated to restrict the export of vital resources to preserve the national security. It may be a surprise to Conservative idiot like you, but American national security can be preserved by preventing gasoline being sold overseas when there is a need for more supplies domestically.

Emergency Powers Act
Defense Production Act
National Security Act
The Energy Policy and Conservation Act



Shaps is crying because the President is excusing authority granted to him by Congress. WAAA

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Democrats getting their ass handed to them in the polls does not constitute a national emergency.

All of this ends the moment the Federal government releases it's stranglehold over 30% of the US landmass.

Quote:

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Originally Posted by Seran

Yeah, I don't think you have any idea what you're talking about. During times of national emergency, the President is obligated to restrict the export of vital resources to preserve the national security. It may be a surprise to Conservative idiot like you, but American national security can be preserved by preventing gasoline being sold overseas when there is a need for more supplies domestically.

Emergency Powers Act
Defense Production Act
National Security Act
The Energy Policy and Conservation Act



Shaps is crying because the President is excusing authority granted to him by Congress. WAAA

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Prices continue to tumble as traders begin to panic sell their put positions and long term contracts at ridiculous rates. Crude is now down 6.4% and gasoline nearing a 7% drop.

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Originally Posted by Seran

Prices continue to tumble as traders begin to panic sell their put positions and long term contracts at ridiculous rates. Crude is now down 6.4% and gasoline nearing a 7% drop.

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Put option contracts increase in value when the price of the underlying asset goes down.

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Originally Posted by Seran

LOL, what have you been smoking this morning? Attributing decisive action by the Whitehouse to lower gas prices to a warmonger, war criminal and megalomaniac. Is this a line from Faux News you're regurgitating?

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You are the only person on this forum who mentions Fox News, unless it's someone responding to you mentioning Fox News. You are something special.

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Originally Posted by Arqueto

You are the only person on this forum who mentions Fox News, unless it's someone responding to you mentioning Fox News. You are something special.

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Oooh we have a new challenger. Let's see, somehow you think all these Conservashits who post the Fox News tag lines day in and day out, somehow you think none of them are peddling it's propaganda. Do you legitimately think that none of them watch the most watched, and only mainstream source of truly Right wing, conservative media in the United States. Because if you believe that, I have some beach front property in Montana that you might be interested in.

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Originally Posted by Furryrat

Put option contracts increase in value when the price of the underlying asset goes down.

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Unless the put option is one that is based upon a future contract in excess of $140-$150 dollars a barrel, in which case the likelihood of the occurring with a looming economic contraction, possible recession, an executive order limiting petroleum product exports, and a possible brokered solution with Russia have all made hedging a price increase that would make such an option tenable is evaporating. Someone like Goldman Sachs, or a downstream refiner which doesn't produce its own oil may actually want to still insure against such a price increase exceeding $150, but most traders are shedding those positions while there are still buyers

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Originally Posted by Seran

Oooh we have a new challenger. Let's see, somehow you think all these Conservashits who post the Fox News tag lines day in and day out, somehow you think none of them are peddling it's propaganda. Do you legitimately think that none of them watch the most watched, and only mainstream source of truly Right wing, conservative media in the United States. Because if you believe that, I have some beach front property in Montana that you might be interested in.

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LOL @ new challenger

Remind us what abstinence is and how Republicans try to block it? I asked you before and you didn't reply.

Do it for the children.

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Originally Posted by Seran

Do you legitimately think that none of them watch the most watched, and only mainstream source of truly Right wing, conservative media in the United States.

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Are you triggered this hard because it's the most watched.. or that it's the only mainstream source and you want that to be gone as well?

Why does free speech upset your delicate little "mind" so much, little fella?

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Originally Posted by Seran

Unless the put option is one that is based upon a future contract in excess of $140-$150 dollars a barrel, in which case the likelihood of the occurring with a looming economic contraction, possible recession, an executive order limiting petroleum product exports, and a possible brokered solution with Russia have all made hedging a price increase that would make such an option tenable is evaporating. Someone like Goldman Sachs, or a downstream refiner which doesn't produce its own oil may actually want to still insure against such a price increase exceeding $150, but most traders are shedding those positions while there are still buyers

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https://www.youtube.com/watch?v=no0qB8CVspY

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Originally Posted by Seran

Oooh we have a new challenger. Let's see, somehow you think all these Conservashits who post the Fox News tag lines day in and day out, somehow you think none of them are peddling it's propaganda. Do you legitimately think that none of them watch the most watched, and only mainstream source of truly Right wing, conservative media in the United States. Because if you believe that, I have some beach front property in Montana that you might be interested in.

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Notice how you are the only one that ever brings up Fox News? Sure points towards you being the only one watching it.