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Thread: Things that made you Facepalm today (Political Version)

  1. #4871
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    Quote Originally Posted by Tgo01 View Post
    Okay so there is more oil to be drilled and you know full well it’s governments (mostly left wing governments) who won’t let this oil be taken out of the ground.

    Let’s do a little econ 101 here: if demand is much higher than the supply of a commodity then the producer of said commodity can command a higher price. If demand is much lower than the supply of a commodity then the producer of said commodity can command a much lower price.

    Now what do you think happens when governments create an artificially low supply of a commodity by not allowing companies to produce said commodity? It’s okay. You can do it. One step at a time.


    You're missing a key thing, what if the companies artificially reduce the supply to earn more for each gallon and earn record profits.
    Last edited by drauz; 07-05-2022 at 04:19 PM.
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  2. #4872

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    Quote Originally Posted by Seran View Post
    It's good to know the Republicans here are still capable of blaming the house for catching fire, rather than the person who set the fire. I was beginning to think you extremists were developing rationality. Guess not!
    Now apply this same logic to guns. What do you have to say now?
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  3. #4873

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    Quote Originally Posted by drauz View Post


    You're missing a key thing, what if the companies artificially reduce the supply to earn more for each gallon and earn record profits.
    Right. Like oil companies all over the world aren't looking at 130+ dollars per barrel and drooling and wouldn't just love to sell more oil at that price. That's not the way the real world works.

  4. #4874

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    Quote Originally Posted by Seran View Post
    Your retort is that Donald Dump who ran on the promise of draining the swamp and making things better for the poor and middle? As soon as he got in office, he did the exact opposite with slashing taxes for them wealthiest and corporations, cutting middle class supporting tax benefits and programs. The dude is practically a nominee to be the Merriam Webster definition of political corruption.

    Exposing the foes of democracy, clearing out the rot in both Republican and Democratic parties should be the priority for /everyone/
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    Quote Originally Posted by Seran-the Current Retard Champion View Post
    Besides, Republicans also block abstinence and contraceptives anyway.
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    You show me a video of me typing that and Ill admit it. (This was the excuse he came up with when he was called out for a really stupid post)
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    Well tell that to the Naval hospital that issued a birth certificate labeled Ft Lejeune ... and then typed it in.
    Quote Originally Posted by Back View Post
    3 million more popular votes. I'd say the numbers speak for themselves. Gerrymandering won for Trump.

  5. #4875

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    Quote Originally Posted by Seran View Post
    It's good to know the Republicans here are still capable of blaming the house for catching fire, rather than the person who set the fire. I was beginning to think you extremists were developing rationality. Guess not!
    I'm not blaming the White House.. I'm blaming President Biden and the Democrat controlled House and Senate.
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    Quote Originally Posted by Seran-the Current Retard Champion View Post
    Besides, Republicans also block abstinence and contraceptives anyway.
    Quote Originally Posted by SHAFT View Post
    You show me a video of me typing that and Ill admit it. (This was the excuse he came up with when he was called out for a really stupid post)
    Quote Originally Posted by Tsa`ah View Post
    Well tell that to the Naval hospital that issued a birth certificate labeled Ft Lejeune ... and then typed it in.
    Quote Originally Posted by Back View Post
    3 million more popular votes. I'd say the numbers speak for themselves. Gerrymandering won for Trump.

  6. #4876
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    Quote Originally Posted by Tgo01 View Post
    Right. Like oil companies all over the world aren't looking at 130+ dollars per barrel and drooling and wouldn't just love to sell more oil at that price. That's not the way the real world works.
    Yeah... but then the demand wouldn't be as great and the price would drop... Do you understand how supply and demand work?
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    Quote Originally Posted by drauz View Post
    Yeah... but then the demand wouldn't be as great and the price would drop... Do you understand how supply and demand work?
    There is always going to be a certain demand. Right now, demand is keeping up with the price they are at. If they could get it to 130 a barrel, and even if some demand dropped, but they continue to make more than they are now, they absolutely would.
    Last edited by Gelston; 07-05-2022 at 05:37 PM.
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  8. #4878

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    Quote Originally Posted by drauz View Post


    You're missing a key thing, what if the companies artificially reduce the supply to earn more for each gallon and earn record profits.
    That's exactly what they've done in the past. By cutting supply, they cause prices to increase and as a result they get more money per barrel and a higher profit with a fixed overhead.

  9. #4879

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    Quote Originally Posted by drauz View Post
    Yeah... but then the demand wouldn't be as great and the price would drop... Do you understand how supply and demand work?
    They would still be selling oil at 130 dollars per barrel, how long that price would last would depend on a lot of factors. Even if companies started pumping out more oil and prices dropped to ONLY 120 dollars per barrel they would still be selling millions of barrels of more of oil per day at 120-130 dollars. Shit even 100 dollars per barrel is still a lot more than oil has been selling for during the Trump years.

    But you really think all oil companies all over the world, from giant conglomerates to small mom and pop rigs that is in someone's backyard, they all got together and decided to sell LESS oil at historic high prices because they wanted to keep the price high?

    Or is the much simpler explanation that governments all over the world have curtailed oil extraction over the past couple of decades?

    Psst! It's the latter.
    Last edited by Tgo01; 07-05-2022 at 05:53 PM.

  10. #4880
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    It really depends on how the cost is absorbed. Commercial is always going to have to run, but the cost increase is going to pass on in other ways.

    They are shooting themselves heavily in the foot though, this is pushing people a lot more toward hybrid/electric, even commercial. They have 700 mile electric trucks coming soon and a sedan full electric is coming out next model year starting at 30k.
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