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Was some massive new spending bill just passed or is this just to change the conversation away from gas prices and inflation.

Seems like a good place to drop this factoid- someone was still receiving a civil war pension from the government until 2020

LOL

Qanon and the Easter Bunny

Maybe, but if I'm Chevron I'm not basing a lot of long term plans around a guy that's gone in 30 months. W spoke very positively of oil and would have granted permits to drill on the Moon and it still went to all time highs. Right now the issue is the oil industry laid off 200k during...

Combined with increasing supply and traders getting on the other side of the trade. There are first times for everything but don't believe the Fed has ever pulled off a soft landing with a CPI # over 5%.

Lol, exactly

We'll see, more rigs coming online every month in the face of a recession. When all my liberal cohorts were convinced W was "helping his oil buddies" I thought there were giving him way too much credit. People think these guys can move energy markets? Switchgrass! ???

Well us NC hillbillies can eat at place without possum on the menu and have a pretty nice meal for $100.

Oil looking very similar to the 2008 action.. I'd bet someone a fine steak dinner that I can buy 87 unleaded in Murphy NC under $3 before spring 2023

"Paton Oswalt told me the worst thing about the Cosby situation is the hypocrisy. I disagree, I think the worst thing is all the raping." Norm Macdonald

You notice in Book of Boba he still comes out if the tank with a lot of scar tissue

It was my understanding that his injuries were so severe it could not heal him but could slow his deteriotation.

I always kinda thought that as time went on he was weakened by his injuries, like maybe the bacta tank just kept him going but never actually healed him at all. For some reason it seems like I read that somewhere- can't remember if it was Lucas in an interview or maybe it was mentioned in an...

We'll see how the ISO adoption goes, it may be fine but I've been in finance a long time and things seem to move at a snail's pace. Despite the fact that nobody has used the credit card imprinter since the 1980s, banks only recently stopped using the embossed raised number cards. It's a...

Maybe this time it really goes to zero, but I think it's had 5 or 6 80% pullbacks in the past. It's been written off for dead a lot over the last 13 years.

I didn't realize the rig count dropped so significantly from 2018 to early 2020. They shut down almost 300 sites before Covid was even a factor. At the pace we're on, were probably about two months away from being back to the same number of producing rigs we had right before Covid broke loose.

Good info, thanks

Could just be a blip, but it's down 12% in 3 days. Traders citing demand concerns. What we're watching is the time we think home equity and credit card balances will be maxed out The thought is sometime between fall and first of 2023- however those projections we're done before the recent...

Didn't say it did. But that will probably be enough production to see lower prices fairly soon. I think there's signs that demand destruction could arrive this year.