Posted on 12/12/2022 1:17:51 PM PST by RandFan
bump
Bump for last minute callers. My calls have been made but I’m not optimistic about Scott and especially Graham. We all know how Graham will vote, barring a miracle.
Interest on the National Debt is now over a Trillion. I can still remember when the entire federal budget was less than that.
Isolationism and non-intervention-ism are not the same thing.
We shouldn’t intervene anywhere.
I don’t like some of what Saudis have done either, but practically, they are a lot closer to Suez and the Red Sea than Iran. That waterway transports 30 to 40% of the world’s shipping, and I believe they have been cooperative regarding the Houti attacks on shipping. surely their attacks are one reason for increased world cost of living increases as supply chains are being disrupted.
By the way, I wonder why there is NO mention of the interesting developments in Kursk Oblast in Russia, in the news column on the right side of the Ping list page? After 2 days, Ukraine still seems to be doing well in this Russian territory, scaring and frustrating Putin, and attracting Russian troops away from Ukraine front lines and pulling them back to protect the Russian border. Is this not “breaking news”? Interesting that the Russian invader is now complaining about being invaded. If he would go home, there would be one less war going on in this world.
I found this thread while search for a highlighted piece covering the current adventures of Ukraine troops in Russian Kursk Oblast. I only realized after reading a number of comments that this was an old thread. However, it has curreent issues included.; MalPearcee
i have felt the need to point out elsewhere that low oil prices are not always a good thing. I loved those $2 gas prices during Trump’s presidency. However, at the time I did not realize they were overlowing the oil market to such an extent that at one point people were being PAID to take oil, rather than having to buy it. The giant storage hub in Cushing, Oklahoma was full, and oil ships were full. Then the world price of oil dropped well below $80 a barrel. Since the oversupply problem was added to by reduction in travel due to Covid, producers with high costs began to stop pumping, and then shut down wells, especially in fraking sites like North Dakota. These types of producers are careful in restarting their old sites or drilling new ones until world prices seem more stable. The current situation with Russia does not suggest stability. There are many existing leases that have not yet been made productive while drillers await greater stability in production costs. I suspect we will not see prices in the $2 range again unless electric cars become a much bigger part of the driving market. I am now finding gas in a range between $3.00 and $3:50 on the east coast. I suspect this may become the new normal no matter who is elected. High enough to sustain production profits, and low enough to not be excessively burdonsome to consumers.
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