Winners only.

[Jimi77 Premium Member]

Where it is now is in the preferred zone... do you really think that is where it is going to stay???? You can't tell me you don't see what is about to happen to this country and the economy.

Yeah, this a great zone for rates. The Fed will continue increasing rates to slow inflation. The economy is going to recess because Trump jacked up deficit spending to a post ww2 record high to avoid having a recession during his re-election run.

If Biden was willing & able to maintain such high levels of deficit spending our economy would still be growing. Personally, I think we should have just bit the bullet when Trump was in office, but like all politicians he kicked the can down the road.

You think deficits are bad, Biden is reducing it from Trump's record highs. It's no wonder we're going into a recession, 15% of Trump's GDP was deficit spending and Biden just yanked 11% out of the economy. You don't like inflation, which is why the Fed is raising rates. Seems like you're not willing to pay the cost to fix the problems you dislike so much.

So what should the Fed & Biden be doing instead.

 

[Jimi77 Premium Member]

Ahhh, so we crash the economy altogether? Excellent plan.
But then you won't even be able to GET gas, much less complain about the price.

I don't know that his solution is all bad. Crash the economy, that will drop demand for fuel and products, which should help with inflation and kill the need for increased rates.

The only problem is convincing politicians to purposefully crash the economy. When people lose jobs, homes, life savings, etc, they tend to blame the guys in office, especially if their actions were purposeful.

 

[YourNameHere 10+ year member]

Petroleum accounts for about 0.3-0.5% of electricity production, so a major disruption of diesel would do virtually nothing to that sector. EVs will get charged just like they did before.

A total loss of diesel would be absolutely disruptive to any vehicle that runs on it. Electric vehicles? Not so much.
What makes you think diesel is going to go away so rapidly?

So how is the electricity going to be generated? Wind & solar? LOL, and also EV's dont work very well in -20 F weather

Redirect Notice

www.google.com

 

[ThxOne Premium Member]

I don't know that his solution is all bad. Crash the economy, that will drop demand for fuel and products, which should help with inflation and kill the need for increased rates.

The only problem is convincing politicians to purposefully crash the economy. When people lose jobs, homes, life savings, etc, they tend to blame the guys in office, especially if their actions were purposeful.

They current admin is already being blamed. The majority of the US now disapproves of it.

 

[Bobbytwonames 5,000+ posts]

4 weeks is the benchmark for getting crude oil out of the ground, to the refiners, held in tanks to be shipped, loaded onto trucks and taken to the gas stations.

So what the people selling gas are doing is making the government a much higher profit ahead of time on product the gas station wont receive for a month or so. High gas prices are so great for our greedy government huh. When the government makes this much money on gas it's hard to see how they outspend the money they take in from everything else.

Kid it's just like lumber prices going up when there is a hurricane on the way. When will you finally understand the concept of supply and demand?

 

[RobGMN Premium Member]

So how is the electricity going to be generated? Wind & solar? LOL, and also EV's dont work very well in -20 F weather

Redirect Notice

www.google.com

If there is no diesel? The exact same way it is now.
Petroleum is only used for .3-.5% of electricity production. That isn’t 30-50%, it’s ONE HALF OF A PERCENT OR LESS.
Renewables make up 20% of the fuels used, nuclear is about 19%, and non-petroleum fossil fuels are about 60.5%.
Diesel is petroleum.

Wind and solar? Yeah, they make up 12% of the production of electricity. Roughly twenty-four times as much as diesel, twice as much as hydro, and more than half of what coal does.
Wind and solar. Big LOL, huh?

The real LOL is the thumbs up Thxone gave you, and both of you thinking you made a good point.

And where’d you get your data on EVs not working in cold weather? I live in one of the 5 coldest areas in the US and see them on the road year-round here. Both hybrid and full-electric.

 

[ThxOne Premium Member]

Kid it's just like lumber prices going up when there is a hurricane on the way. When will you finally understand the concept of supply and demand?

STFU coward, nobody told you to talk.

 

[ThxOne Premium Member]

If there is no diesel? The exact same way it is now.
Petroleum is only used for .3-.5% of electricity production. That isn’t 30-50%, it’s ONE HALF OF A PERCENT OR LESS.
Renewables make up 20% of the fuels used, nuclear is about 19%, and non-petroleum fossil fuels are about 60.5%.
Diesel is petroleum.

Wind and solar? Yeah, they make up 12% of the production of electricity. Roughly twenty-four times as much as diesel, twice as much as hydro, and more than half of what coal does.
Wind and solar. Big LOL, huh?

The real LOL is the thumbs up Thxone gave you, and both of you thinking you made a good point.

Somebody is gonna get a big surprise then if Diesel runs out. Poor Rob.

 

[Bobbytwonames 5,000+ posts]

STFU coward, nobody told you to talk.

We've proved that wrong to. Keep trying Domino.

 

[Jimi77 Premium Member]

So how is the electricity going to be generated? Wind & solar? LOL, and also EV's dont work very well in -20 F weather

Redirect Notice

www.google.com

Coal and natural gas mainly. Just because Biden says something doesn't mean it's going to happen. He's a politician not a God.

 

[Bobbytwonames 5,000+ posts]

One for the Republicans because they think things like this are funny.

 

[ThxOne Premium Member]

We've proved that wrong to. Keep trying Domino.

It's "too" as in also. You illiterate coward.

 

[RobGMN Premium Member]

Somebody is gonna get a big surprise then if Diesel runs out. Poor Rob.

I think the ones surprised will be you, JRSmoothe, and your ilk.

The ones who think diesel is where we get electricity from, that wind and solar make no contribution, and that electric vehicles just aren’t feasible.

You guys are hopelessly unaware of reality.

 

[Jimi77 Premium Member]

Kid it's just like lumber prices going up when there is a hurricane on the way. When will you finally understand the concept of supply and demand?

Really want to blow his mind? Both the oil company and the lumber companies are holding short futures contracts on their respective commodities.

 

[RobGMN Premium Member]

It's "too" as in also. You illiterate coward.

With your track record on demonstrating knowledge, the LAST thing you should be doing is calling someone illiterate.

Tell us more about how there is no electricity without diesel...