US US Politics General - Discussion of President Biden and other politicians

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tehpope said:
View attachment 3414275

Even though crude prices are dropping fast. I think the peak was low $120s and now at $104 this morning. https://oilprice.com/
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This could be a short term price correction in an over sold market, shorts cashing out etc.

Or it could be a signal that demand is collapsing for the product.

If it's the latter that's very, very bad.

Central banks are set on raising interest rates to control inflation. This works in over heated economies with cashed up consumers binging on debt, it doesn't work in economies facing supply shortages caused by idiot politicians who decided to smash the supply chains and small businesses by shutting everything down for 2 years because a moderately bad flu bug was doing the rounds.

Anyway we should be preparing for a deflationary bust which is far more likely than hyperinflation.
 
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Vyse Inglebard said:
Econ-Kiwis: if implemented, would this be yet another Brandon administration fuck-up, or would this be a legitimate source of relief?
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"We don't have enough gas so the prices are going through the roof, I know, lets ENCOURAGE PEOPLE TO USE A SHITLOAD MORE OF IT."

There's a time and place for removing stupid taxes. To encourage consumption during a supply crash is the worst possible time. But he needs to do SOMETHING to get his approval up, I hear he's losing his shit because he's under Trump's approval.
 
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borsabil said:
Central banks are set on raising interest rates to control inflation. This works in over heated economies with cashed up consumers binging on debt, it doesn't work in economies facing supply shortages caused by idiot politicians who decided to smash the supply chains and small businesses by shutting everything down for 2 years because they lost time for The Great Reset and are rushing to get it going again.
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FTFY
 
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Grenell would be best as Secretary of State, and using a gay to say "pride month is out of control no more gay flags at our embassies" would be extra benefit.

I agree Grenell's a glowie but he's Trump's glowie, he's one of the few people who didn't stab him in the back when he gave them a chance. It's him and Ben Carson and that one guy who was made Special Ops director in the last months of his first term. Trump is repeatedly mocked for his picks but you can see it comes from a simple worldview: I'm hiring you to do a job you say you're good at, why would I believe you're lying to me, and why would you not want to do the best for the country?
 
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John McAfee said:
I can't remember where overseas they did this recently but supposedly vendors/manufacturers made up for the difference to increase profit. It is an empty gesture to show "look I'm trying stuff".

The oil reserve influx saved us 10 cents for a week, this will save us 30 cents for a week. It's a supply issue, bandaids don't fix the issue of terminating 1/3 of our domestic production 18 months ago, and kneecapping the rest of the world with the inability to get Russian oil.

ETA: the 30 cents and week timeline is a guess. It will just increase demand that exceeds supply, and oil companies are for profit, etc etc etc.
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The real reason why they want to do this is to divorce road funding from the gas tax. It's a common but false argument made by anti-car activists that gas tax doesn't pay for roads and therefore drivers are "subsidized" (currently, the federal gas tax pays for the interstates, and the fund only has a shortfall because of diversions to pay for non-road things like transit). Enacting this suspension will make that argument true and like you said, it won't help with the prices overall.

Additionally, because electric cars don't pay gas tax, several state governments have proposed a mileage tax instead, but since they want to be "fair" and only tax miles driven within their state, they are looking at installing tracking devices in every car, supposedly just to track only the miles driven within the registered state.
 
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Vyse Inglebard said:
Econ-Kiwis: if implemented, would this be yet another Brandon administration fuck-up, or would this be a legitimate source of relief?
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At best temporary minor relief. Prices will drop slightly for a week or so and then go right back to increasing. As oft mentioned this does nothing to deal with what's actually driving gas prices.
 
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Getting tard comed said:
If they cared about gas prices they would let people drill. They won't.

When do you guys start to consider the destruction is on purpose and it's not just them being stupid?
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Around the time it was made aware to me that the rail companies are blackmailing trucking companies into NOT supplying DEF -- required for every 18 wheeler on the road to move, thanks to idiot leftists -- to the United States, thus intentionally causing a catastrophic shipping market collapse.

From the Global Supply Shortage Thread:
H/t @contradiction of terns

Unless the nation's truckers can refill with Diesel Exhaust Fluid, the trucks will stop. Literally. DEF production and imports are about to crater and the country's largest truck-fueling company, Flying J, has been directed by Union Pacific railroad to decrease its DEF-receiving shipments by 50 percent or be 100 percent embargoed. Unless resolved, this demand may cause countless thousands of 18-wheelers to be force-parked very soon, perhaps starting this month. That would be a very, very terrible event, because according to the federal Bureau of Transportation Statistics, the trucking industry transports almost three-quarter of all goods shipped in the country:

Union Pacific's largest two shareholders are Vanguard and BlackRock. BlackRock's key figure for strategy and policy is Tom Donilon, President Obama’s former National Security Advisor. Donilon's wife, daughter, and brother work at the Biden White House.
There is no wand to be waved to make the DEF shortage simply disappear. But doing nothing is both reprehensible and indefensible. There is no one better positioned to bring this looming catastrophe to the front burner than two men and two women named Donilon. Yet nothing is exactly what is being done. Why? Well, draw your own conclusions:

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archive.ph

Sensing Online: Get ready for the catastrophic DEF shortage

archived 15 Jun 2022 03:03:38 UTC
archive.ph archive.ph

It always keeps coming back to Blackrock. Everything involved in these disasters is Blackrock, Blackrock, Blackrock.

And Blackrock glows like a Fallout 5 preview trailer. (Due out sometime early 2031.)

Edit: Oh, and all modern farm equipment also requires DEF. If there's a shortage, it's not just 18 wheelers that can't run. It's combines, tractors, etc. Anything that runs on diesel. It won't just be a complete collapse of our shipping industry, it'll be a massive collapse of our agricultural industry.
 
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Kane Lives said:
I hate to sound like a tard here, but what's stopping people from ripping out or juryrigging the engines to work without DEF? Seems like a self-inflicted wound to me.
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That’s not how it works. The DEF system is tied into everything. You can not just pull it out and rig it up.

Companies make kits that remove all of the DEF from you truck and it’s massively illegal. Trucking company’s will not do this. They will not pass the visual inspection in California at any of the weigh stations.

Do you guys remember Diesel Gate? Volkswagen added DEF to their cars to make everyone happy that they were cheating the emissions.

This DEF situation is gonna get scary if it all pans out the way it looks. Even some big generators at farms have DEF. It’s going to bring everything to a stop.
 
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Scale Smerch said:
At best temporary minor relief. Prices will drop slightly for a week or so and then go right back to increasing. As oft mentioned this does nothing to deal with what's actually driving gas prices.
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Sithis said:
If there was any chance it would actually help the American people, the Biden administration wouldn't be doing it.
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Biden wants gas prices to drop for the Fourth of July. That's the angle.
 
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Getting tard comed said:
Trump with a glowing VP... what could go wrong.

Have to say despite this being a Trump hugbox it warms my heart how much we shit on him.
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I might legit vote for Biden if Trump runs with a glownigger. There are few things that could be worse than Biden as president. A fed (after Trump mysteriously dies) is one of them.

Edit: regarding DEF. DEF delete is illegal and also most states never check and never will. Most intra state trucks have worse emissions deletes than that. Mechanically its pretty simple, but the big problem is you have to do something about the computers. I'd guess the generators that require it are dead simple to work around though.
 
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HTTP Error 404 said:
Oh, and all modern farm equipment also requires DEF. If there's a shortage, it's not just 18 wheelers that can't run. It's combines, tractors, etc
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I called my old boss 2 weeks ago and told him to buy a couple totes of DEF. So at least we won't runout of beer. He harvests a lot of malt barley for Coors and Anheuser.
 
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