Largest oil drop in history underway, analysts say

spilledthebeer

Executive Branch Member
Jan 26, 2017
9,296
4
36
Governments just reflect humanity. Even autocratic ones, but especially democratic (more or less) ones.

Look at our ongoing train-wreck. Pete Buttigieg was clearly the smartest, most open-minded candidate, the one most likely to take careful looks, do smart analysis, and push for efficient, effective solutions. He's out.

Now we're down to Trump, about whom I'll say no more for now, and either an arm-waving old man promising everything free for everybody forever, and another old man whose greatest political idea in his long, long political career was to run the incarcerated population up to the highest in the world.

Yay.






GOSH T-bonesforbrains..................................


you have a REAL FLAIR for insulting the intelligence of the general public!!!!!!!!!!!!!!!!!!!!!!!!


You know who I mean - those Main Street dwelling bill paying types..........................


who generally teach their kids to say things like "please and thank you"......................................


and expect the kids to be respectful of oldsters and such CORN STUFF as that!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Just HOW IN HELL ARE YOU GOING TO INFLUENCE the thoughts of the peasants..............................


when you do such a GRAND JOB of sneering down to them.................................


and making it so very easy to see through your condescending crap!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


If the guy was the brilliant leader you CLAIM...................................


then WHY did he drop out????????????????????????????????




Maybe it is because Yankees are SICK OF HEARING CRAP LIKE THIS FROM LIE-berals:::::::::






Here is an article illustrating the worst sort of LIE-beral virtue signalling!! With some comments of my own in brackets):

No-bail law boosting crime, but NY leaders still putting off any action

By New York Post Editorial Board

Published March 3, 2020 | 6:31pm

How ironic: Gov. Andrew Cuomo says he’ll hold up the budget unless it fixes the bail-reform law. Last year, he vowed not to OK it unless it included the flawed law.

At least the crime surge sparked by the reform (or public outrage over it) got him to see his mistakes. NYPD stats released Monday show a 20 percent jump in serious crimes over the first two months of the year, including robberies (up 35 percent) and car thefts (64 percent).

(And some LIE-berals WONDER why people want to carry GUNS??????????????)

Yet Assembly Speaker Carl Heastie wants New Yorkers to suffer still more crime before he’ll consider fixes. He pooh-poohed January’s crime uptick, saying it was too early to call it a “trend,” but there’s no sign even two months of data are enough for him.

If Heastie wants more crime, he’ll get it: Monday, a judge freed serial subway scam-mer Charles Barry, after he was nabbed for allegedly swiping cash — his 142nd career arrest and his seventh get-out-of-jail-free card in two months. Want to bet what a guy with 142 arrests does next?

(Yes- LIE-berals have made an amazing mess of our legal system - it costs to much to simply jail incorrigible criminals for life - and LIE-berals refuse to use lower cost and low tech solutions like caning to punish defiant trouble makers!!!!!!!!!!!!!!!!!!!!!)

see also: Cuomo could make bail reform changes in state budget

(The Cdn version of bail “reform” as advocated by Toronto mayor Jackass John Tory involves simply turning accused criminals loose - in hope they will show up in a year or two for their trials - because thanks to damned LIE-berals - getting caught red handed and held in pre- trial custody means you get credit FOR THREE TIMES whatever time you spent in jail pre-trial!! In LIE-beral Crazy Land - holding vicious criminals without bail means THEY GET OUT EVEN FASTER and maybe Cuomo wants try something similar to Jackass John Tory!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!)

On Friday, a judge again set Tiffany Harris free. She’d already gotten out twice after arrests for other alleged violent crimes, as a result of the reform.

And that was a day after Mark Nelson, a registered sex offender, was set loose in Orange County after being hauled in for trespassing outside a nursery school.

(Oh isnt that nice- a sex offender is prowling around schools?? How will LIE-berals resolve that one?? By arming kiddies - and that suggestion is not so crazy as it sounds - some poor guy in Chicago took his little boy and 3 year old girl into a McDonalds bathroom and while he was distracted - assisting the boy- his little girl was abducted and RAPED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!)

(Yes- the attacker was an illegal immigrant with multiple deportations behind him and he just keeps coming back to commit other crimes and of course Chicago is a Sanctuary City so local cops had him in jail on other stuff and turned him loose on bail - WITHOUT Bothering to respond to the ICE WARRANT for deportation and that is when the little girl was abused and her family life DESTROYED!!!!!!!!!!!!!!!)

(THE REAL INSANITY OF THIS SITUATION is that after the guy was arrested and charged for attacking the girl - the suddenly publicity shy judge chose to HOLD THE GUY WITHOUT BAIL!! The guy was DEEPLY OFFENDED BY THAT - WHINING “BUT IT IS ONLY MY FIRST SEX CHARGE”!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!)
Thanks to Heastie, the state won’t jam up the revolving door before April 1; even then, any fixes will be done secretly, with no public oversight, as part of a budget deal.

(No public oversight?? Oh that is CLASSIC LIE-beral style!!!!!!!!!!!!!!!!!!!!!!!!!!)

Cuomo says this year, unlike 2019, he’ll hold a “public” meeting with DAs, police and others. Fine. But he admits pols up for re-election are “afraid” and “don’t want to take a position” — which sounds like a recipe for getting it wrong again.

(IT is also a classic illustration WE PAY POLITICIANS TOO MUCH - since they are so DESPERATE to hang onto the job that they are willing to pay any cowardly humiliating price!!!!!!!!!!)

New Yorkers are stuck hoping Cuomo can sway Heastie, trusting the deal will make the right fixes — and praying they’re not victims of avoidable crimes before then.

(Good luck with that!! Anything LIE-berals get right WILL BE BY ACCIDENT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
 

spilledthebeer

Executive Branch Member
Jan 26, 2017
9,296
4
36
I can wait for nuclear-generated steam.




Get your temper running a little HOTTER honey....................................


AND YOU WILL HAVE IT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Sorry...................sort of...........................you just made that shot so easy........................


I really could not resist!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


I am going to smile for a while now!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
 

taxslave

Hall of Fame Member
Nov 25, 2008
36,362
4,340
113
Vancouver Island
MICRO ELECTRIC TURBINES inside water pipes????????????????????????????
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Are you completely NUTS?????????????????????????????????
Most drinking water systems in the world ARE ELECTRIC POWERED to begin with!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Electric pumps push the water to where it needs to be...................................................
thus putting a "micro turbine" into a water pipe generally means MORE WORK FOR THE PUMPS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
And more electricity used!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Oh sure- you could put a micro turbine into the out feed pipe of a water tower...............................................
since they use gravity to disperse the water to neighbourhood customers anyway .............................................
AFTER the pumps have pushed the water UP INTO THE TOWERS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
But of course anything - like a micro turbine will also REDUCE THE FLOW of water in the pipe................................
and it would somewhat INCREASE the pressure in the outflow pipe as well..............................
meaning you would need to replace the pipe more often because of the extra pressure.................................
or simply install THICKER WALLED AND LARGER DIAMETER and thus MORE COSTLY PIPE...................................
to handle the extra pressure resulting from the micro turbine.......................................
but of course here in Canada we LOSE SOMETHING LIKE A TRILLION LITRES OF DRINKING WATER PER YEAR
thanks to RUSTED OUT PIPES that cannot handle the EXISTING PRESSURE....................................
much less any significant NEW PRESSURE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Apparently Rube Goldberg IS ALIVE AND WELL..........................
and building silly mechanical TOYS in Portland and Denver!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
In the real world gravity takes water from the lakes and through a few pressure reducing valves to the consumer. So even if it only generated enough power to run the treatment system you'd be money ahead.
 

Hoid

Hall of Fame Member
Oct 15, 2017
20,408
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36
OIL (WTI) PRICE COMMODITY
28.93 USD -12.64 (-30.41%) 12:55:00 AM EDT MI Indication*

oh my
 

Twin_Moose

Hall of Fame Member
Apr 17, 2017
22,041
6,160
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Twin Moose Creek
Saudis are increasing production against Russia's wishes which leads me to believe they are trying to get the Russians out of the ME on the back of global oil profits.

The same way they took ISIS profits away from the Black market

Oil prices take biggest plunge in decades amid coronavirus uncertainty, price-war fears

…………..Prices are falling as Saudi Arabia, Russia and other oil-producing countries argue about how much to cut production in order to prop up prices.
Demand for energy is falling as people cut back on travel around the world. The worry is that the coronavirus outbreak will slow economies sharply, meaning even less demand.
OPEC and key ally Russia failed to agree Friday on a cut to oil production that would have contained the plunge, and on Saturday, Saudi Arabia's state oil giant Aramco slashed export prices.
"We're seeing the outcome of a one-two punch in terms of a demand shock from the coronavirus… and on top of that this weekend's news of a price war started after the breakdown of OPEC plus Russia arrangements," said Blake Shaffer, an assistant professor of economics and public policy at University of Calgary.
Shaffer said the demand-side drop was expected but the more recent development of a price war is a supply-side issue that's hammering the market...…………

……………..Ali Khedery, a former Exxon adviser and now CEO of strategy firm Dragoman Ventures, tweeted "$20 oil in 2020 is coming" after news broke of Saudi Arabia's plans to hike production...………..Much more in the article including Pelletier said he'd like to see both a large fiscal spending program tailored to impacted provinces and an emergency rate cut...……..
 

petros

The Central Scrutinizer
Nov 21, 2008
117,173
14,240
113
Low Earth Orbit
Oil markets tumbled more than 30 per cent after the disintegration of the OPEC+ alliance triggered an all-out price-war between Saudi Arabia and Russia that is likely to have sweeping political and economic consequences.

Brent futures suffered the second-largest drop on record in the opening seconds of trading in Asia, behind only the plunge during the Gulf War in 1991. As the global oil benchmark plummeted to as low as US$31.02 a barrel, Goldman Sachs Group Inc. warned prices could drop to near US$20 a barrel.
 

Hoid

Hall of Fame Member
Oct 15, 2017
20,408
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President Game Show Host is with you!

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Donald J. Trump
@realDonaldTrump
Good for the consumer, gasoline prices coming down!
7:36 AM · Mar 9, 2020·Twitter for iPhone
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Walter

Hall of Fame Member
Jan 28, 2007
34,887
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Most will enjoy the lower fuel costs. Econuts will be sick.