(11-15-2022 12:12 PM)memtigbb Wrote:  

(11-15-2022 09:07 AM)Redwingtom Wrote:  Anyway, back to the topic at hand. Another report out today comes in better than expected and DOW futures point to a hopeful day for the market.

Quote:Wholesale prices increased less than expected in October, adding to hopes that inflation is on the wane, the Bureau of Labor Statistics reported Tuesday.

The produce price index, a measure of the prices that companies get for finished goods in the marketplace, rose 0.2% for the month, against the Dow Jones estimates for a 0.4% increase.

Stock futures tied to the Dow Jones Industrial Average were up more than 400 points shortly after the release, reflecting market anticipation that cost of living increases not seen since the early 1980s were easing if not receding.

On a year-over-year basis, PPI rose 8% compared to an 8.4% increase in September and off the all-time peak of 11.7% hit in March. The monthly increase equaled September’s gain of 0.2%.

Excluding food, energy and trade services, the index also rose 0.2% on the month and 5.4% on the year. Excluding just food and energy, the index was flat on the month and up 6.7% on the year.

Wholesale prices rose 0.2% in October, less than expected, as inflation eases

And to the whiners to follow...yeah...I didn't go into the minutia rather than just posting this news. I'll leave that to you, so a preemptive GFY.

Just wait. Now that elections are over they can drive the gas prices back up, grocery prices are going to go even higher and life is going to be rough for a lot of people.

They need all that additional tax money to spend spend spend.

Enough with this tomfoolery. There isn't some maniacal force "driving" gas prices up OR down!

(11-15-2022 12:09 PM)Redwingtom Wrote:  

(11-15-2022 12:01 PM)WalkThePlank Wrote:  So when Biden outright lies about the price of gas it's just a gaffe, but when Trump does it's a threat to democracy, misinformation, etc?

How many times did Biden say it? If it's one time, yeah, it's likely just a gaffe.

What about the efficacy of the lie? Trump lies about the smallest things - some laugh at it and some think it's the end of democracy.

Also, how is Biden that much different from Trump? If both are liars and are prone to gaffes, what is the country getting now vs before? At the end of the day, the facts are not being said.

(11-15-2022 12:12 PM)memtigbb Wrote:  

(11-15-2022 09:07 AM)Redwingtom Wrote:  Anyway, back to the topic at hand. Another report out today comes in better than expected and DOW futures point to a hopeful day for the market.

Quote:Wholesale prices increased less than expected in October, adding to hopes that inflation is on the wane, the Bureau of Labor Statistics reported Tuesday.

The produce price index, a measure of the prices that companies get for finished goods in the marketplace, rose 0.2% for the month, against the Dow Jones estimates for a 0.4% increase.

Stock futures tied to the Dow Jones Industrial Average were up more than 400 points shortly after the release, reflecting market anticipation that cost of living increases not seen since the early 1980s were easing if not receding.

On a year-over-year basis, PPI rose 8% compared to an 8.4% increase in September and off the all-time peak of 11.7% hit in March. The monthly increase equaled September’s gain of 0.2%.

Excluding food, energy and trade services, the index also rose 0.2% on the month and 5.4% on the year. Excluding just food and energy, the index was flat on the month and up 6.7% on the year.

Wholesale prices rose 0.2% in October, less than expected, as inflation eases

And to the whiners to follow...yeah...I didn't go into the minutia rather than just posting this news. I'll leave that to you, so a preemptive GFY.

Just wait. Now that elections are over they can drive the gas prices back up, grocery prices are going to go even higher and life is going to be rough for a lot of people.

They need all that additional tax money to spend spend spend.

Yep, now that midterms are over I doubt we'll see any more releases from the strategic oil reserve. People are so damn gullible.

Meanwhile from across the pond.....

Quote:LONDON — U.K. inflation jumped to a 41-year high of 11.1% in October, exceeding expectations as food, transport and energy prices continued to squeeze households and businesses.

Economists polled by Reuters had projected an annual increase in the consumer price index of 10.7%, and October’s print marks an increase from the 40-year high of 10.1% seen in September.

Despite the introduction of the government’s Energy Price Guarantee program, the Office for National Statistics said the largest upward contributions came from electricity, gas and other fuels.

“Indicative modelled consumer price inflation estimates suggest that the CPI rate would have last been higher in October 1981, where the estimate for the annual inflation rate was 11.2%,” the ONS said.

On a monthly basis, the CPI rose 2% in October, matching the annual CPI inflation rate between July 2020 and 2021.

UK inflation hits 41-year high of 11.1% as food and energy prices continue to soar

Thanks Brandon!

(11-15-2022 12:23 PM)WalkThePlank Wrote:  

(11-15-2022 12:09 PM)Redwingtom Wrote:  

(11-15-2022 12:01 PM)WalkThePlank Wrote:  So when Biden outright lies about the price of gas it's just a gaffe, but when Trump does it's a threat to democracy, misinformation, etc?

How many times did Biden say it? If it's one time, yeah, it's likely just a gaffe.

What about the efficacy of the lie? Trump lies about the smallest things - some laugh at it and some think it's the end of democracy.

Also, how is Biden that much different from Trump? If both are liars and are prone to gaffes, what is the country getting now vs before? At the end of the day, the facts are not being said.

Trump lies about the smallest things. Like election fraud and the role of the Vice President in counting electoral college votes. Just your basic everyday attacks on the peaceful transfer of power.

(11-17-2022 07:24 AM)Redwingtom Wrote:  Meanwhile from across the pond.....

Quote:LONDON — U.K. inflation jumped to a 41-year high of 11.1% in October, exceeding expectations as food, transport and energy prices continued to squeeze households and businesses.

Economists polled by Reuters had projected an annual increase in the consumer price index of 10.7%, and October’s print marks an increase from the 40-year high of 10.1% seen in September.

Despite the introduction of the government’s Energy Price Guarantee program, the Office for National Statistics said the largest upward contributions came from electricity, gas and other fuels.

“Indicative modelled consumer price inflation estimates suggest that the CPI rate would have last been higher in October 1981, where the estimate for the annual inflation rate was 11.2%,” the ONS said.

On a monthly basis, the CPI rose 2% in October, matching the annual CPI inflation rate between July 2020 and 2021.

UK inflation hits 41-year high of 11.1% as food and energy prices continue to soar

Thanks Brandon!

Is this an attempt to prove liberal policies are bad? If so, you made your point. The liberal policies in Europe is failing and since we are following their lead, we can expect the same.

(11-15-2022 12:15 PM)Redwingtom Wrote:  

(11-15-2022 12:12 PM)memtigbb Wrote:  

(11-15-2022 09:07 AM)Redwingtom Wrote:  Anyway, back to the topic at hand. Another report out today comes in better than expected and DOW futures point to a hopeful day for the market.

Quote:Wholesale prices increased less than expected in October, adding to hopes that inflation is on the wane, the Bureau of Labor Statistics reported Tuesday.

The produce price index, a measure of the prices that companies get for finished goods in the marketplace, rose 0.2% for the month, against the Dow Jones estimates for a 0.4% increase.

Stock futures tied to the Dow Jones Industrial Average were up more than 400 points shortly after the release, reflecting market anticipation that cost of living increases not seen since the early 1980s were easing if not receding.

On a year-over-year basis, PPI rose 8% compared to an 8.4% increase in September and off the all-time peak of 11.7% hit in March. The monthly increase equaled September’s gain of 0.2%.

Excluding food, energy and trade services, the index also rose 0.2% on the month and 5.4% on the year. Excluding just food and energy, the index was flat on the month and up 6.7% on the year.

Wholesale prices rose 0.2% in October, less than expected, as inflation eases

And to the whiners to follow...yeah...I didn't go into the minutia rather than just posting this news. I'll leave that to you, so a preemptive GFY.

Just wait. Now that elections are over they can drive the gas prices back up, grocery prices are going to go even higher and life is going to be rough for a lot of people.

They need all that additional tax money to spend spend spend.

Enough with this tomfoolery. There isn't some maniacal force "driving" gas prices up OR down!

You are going to say policies don't have effects on prices? You are telling me all Biden's talk about ending the oil industry doesnt effect prices? You think that the perception created when killing the keystone pipeline didnt cause prices to rise?

That is tomfoolery. Even if the keystone pipeline had no real impact on USA oil, the perception definitely has an effect. Pay attention to the stock market and watch how rumors can effect a stock. Oil is the same way with speculation.

We know Biden asked Saudi Arabia to hold off on price raises until after the elections, you think that was the only people he asked?

Diesel is having a shortage, that isnt going to magically go away. Prices are going up. Diesel effects everything. Meaning everything is going up.

(11-17-2022 08:19 AM)memtigbb Wrote:  

(11-15-2022 12:15 PM)Redwingtom Wrote:  

(11-15-2022 12:12 PM)memtigbb Wrote:  

(11-15-2022 09:07 AM)Redwingtom Wrote:  Anyway, back to the topic at hand. Another report out today comes in better than expected and DOW futures point to a hopeful day for the market.

Quote:Wholesale prices increased less than expected in October, adding to hopes that inflation is on the wane, the Bureau of Labor Statistics reported Tuesday.

The produce price index, a measure of the prices that companies get for finished goods in the marketplace, rose 0.2% for the month, against the Dow Jones estimates for a 0.4% increase.

Stock futures tied to the Dow Jones Industrial Average were up more than 400 points shortly after the release, reflecting market anticipation that cost of living increases not seen since the early 1980s were easing if not receding.

On a year-over-year basis, PPI rose 8% compared to an 8.4% increase in September and off the all-time peak of 11.7% hit in March. The monthly increase equaled September’s gain of 0.2%.

Excluding food, energy and trade services, the index also rose 0.2% on the month and 5.4% on the year. Excluding just food and energy, the index was flat on the month and up 6.7% on the year.

Wholesale prices rose 0.2% in October, less than expected, as inflation eases

And to the whiners to follow...yeah...I didn't go into the minutia rather than just posting this news. I'll leave that to you, so a preemptive GFY.

Just wait. Now that elections are over they can drive the gas prices back up, grocery prices are going to go even higher and life is going to be rough for a lot of people.

They need all that additional tax money to spend spend spend.

Enough with this tomfoolery. There isn't some maniacal force "driving" gas prices up OR down!

You are going to say policies don't have effects on prices? You are telling me all Biden's talk about ending the oil industry doesnt effect prices? You think that the perception created when killing the keystone pipeline didnt cause prices to rise?

That is tomfoolery. Even if the keystone pipeline had no real impact on USA oil, the perception definitely has an effect. Pay attention to the stock market and watch how rumors can effect a stock. Oil is the same way with speculation.

We know Biden asked Saudi Arabia to hold off on price raises until after the elections, you think that was the only people he asked?

Diesel is having a shortage, that isnt going to magically go away. Prices are going up. Diesel effects everything. Meaning everything is going up.

1. Yes, policies have effects on gas prices.
2. Cite one Biden policy that has had ANY significant effect on prices...and show your work please.
3. The perception from the industry of the XL extension to the Keystone Pipeline was that it was NEVER going to produce a drop of oil, and that perception was there YEARS before Biden took office.
3a. The Keystone Pipeline was not canceled, it's still operational as we speak and nearly every drop of product that was expected to be moved through the XL extension is making it to market via rail and truck.
4. There is no real diesel shortage. Yes, the days on hand of supply dipped a bit, but production was never going to stop. We were/are not going to run out of diesel by Thanksgiving. That was just Tucker spewing his garbage about something he knew nothing about. In fact we're currently at around 26 days of supply as compared to the 25 days of supply from a few weeks ago. Regardless, that supply has nothing to do with any Biden policy.

Lastly, and most importantly, the oil and gas industry is making WAY more money now then they were under trump. Trust me, they're more than happy at the current state of things.

(11-17-2022 08:46 AM)Redwingtom Wrote:  

(11-17-2022 08:19 AM)memtigbb Wrote:  

(11-15-2022 12:15 PM)Redwingtom Wrote:  

(11-15-2022 12:12 PM)memtigbb Wrote:  

(11-15-2022 09:07 AM)Redwingtom Wrote:  Anyway, back to the topic at hand. Another report out today comes in better than expected and DOW futures point to a hopeful day for the market.

Wholesale prices rose 0.2% in October, less than expected, as inflation eases

And to the whiners to follow...yeah...I didn't go into the minutia rather than just posting this news. I'll leave that to you, so a preemptive GFY.

Just wait. Now that elections are over they can drive the gas prices back up, grocery prices are going to go even higher and life is going to be rough for a lot of people.

They need all that additional tax money to spend spend spend.

Enough with this tomfoolery. There isn't some maniacal force "driving" gas prices up OR down!

You are going to say policies don't have effects on prices? You are telling me all Biden's talk about ending the oil industry doesnt effect prices? You think that the perception created when killing the keystone pipeline didnt cause prices to rise?

That is tomfoolery. Even if the keystone pipeline had no real impact on USA oil, the perception definitely has an effect. Pay attention to the stock market and watch how rumors can effect a stock. Oil is the same way with speculation.

We know Biden asked Saudi Arabia to hold off on price raises until after the elections, you think that was the only people he asked?

Diesel is having a shortage, that isnt going to magically go away. Prices are going up. Diesel effects everything. Meaning everything is going up.

1. Yes, policies have effects on gas prices.
2. Cite one Biden policy that has had ANY significant effect on prices...and show your work please.
3. The perception from the industry of the XL extension to the Keystone Pipeline was that it was NEVER going to produce a drop of oil, and that perception was there YEARS before Biden took office.
3a. The Keystone Pipeline was not canceled, it's still operational as we speak and nearly every drop of product that was expected to be moved through the XL extension is making it to market via rail and truck.
4. There is no real diesel shortage. Yes, the days on hand of supply dipped a bit, but production was never going to stop. We were/are not going to run out of diesel by Thanksgiving. That was just Tucker spewing his garbage about something he knew nothing about. In fact we're currently at around 26 days of supply as compared to the 25 days of supply from a few weeks ago. Regardless, that supply has nothing to do with any Biden policy.

Lastly, and most importantly, the oil and gas industry is making WAY more money now then they were under trump. Trust me, they're more than happy at the current state of things.

Only one question Tom. If diesel is in good supply why is the price in some places 2 dollars more per gallon than gas when it costs less to produce diesel? Fact is it is in short supply and diesel is the life blood of the economy. Just about everything you eat is grown, harvested, and transported using diesel fuel.

Just saw an interview with the Secretary of State saying there was a shortage, especially on the east coast and they "HOPE" they can find a solution.

yeah Tucker Carlson...

https://www.themainewire.com/2022/11/bid...n-further/

https://www.cnbc.com/2022/10/30/diesel-m...indle.html

https://www.reuters.com/business/energy/...022-10-27/

https://www.bloomberg.com/news/articles/...plier-says


thanks for all the information Tucker Carlson....

head.. meet sand... now bury it.

(11-17-2022 08:15 AM)memtigbb Wrote:  

(11-17-2022 07:24 AM)Redwingtom Wrote:  Meanwhile from across the pond.....

Quote:LONDON — U.K. inflation jumped to a 41-year high of 11.1% in October, exceeding expectations as food, transport and energy prices continued to squeeze households and businesses.

Economists polled by Reuters had projected an annual increase in the consumer price index of 10.7%, and October’s print marks an increase from the 40-year high of 10.1% seen in September.

Despite the introduction of the government’s Energy Price Guarantee program, the Office for National Statistics said the largest upward contributions came from electricity, gas and other fuels.

“Indicative modelled consumer price inflation estimates suggest that the CPI rate would have last been higher in October 1981, where the estimate for the annual inflation rate was 11.2%,” the ONS said.

On a monthly basis, the CPI rose 2% in October, matching the annual CPI inflation rate between July 2020 and 2021.

UK inflation hits 41-year high of 11.1% as food and energy prices continue to soar

Thanks Brandon!

Is this an attempt to prove liberal policies are bad? If so, you made your point. The liberal policies in Europe is failing and since we are following their lead, we can expect the same.

Yep, and the D's want to be just like them. Note he didn't even mention D's STILL WANTING to spend billions even when we have sky high inflation.

(11-17-2022 08:46 AM)Redwingtom Wrote:  1. Yes, policies have effects on gas prices.
2. Cite one Biden policy that has had ANY significant effect on prices...and show your work please.

Tom, this is a BS response and you know it. Short of Biden admitting that he was doing something with the purpose of increasing prices, or something as simple and direct as a tarrif, there would ALWAYS be 'wiggle room' for someone to say that scaling back pipelines, enabling Russia, increasing inflation (and commodities are inflation hedges) etc etc etc doesn't DIRECTLY lead to increases in prices.

Hell, Tom... all a President has to do is TALK about increasing taxes on corporations and eliminating loopholes or deductions and they will cause a rise in prices... because companies will KNOW what they face today, and be convinced that it will be 'worse' tomorrow... so of course they will seek to make as much today (before the taxes come or the deductions go) as they can... and you could argue that because he didn't MAKE them do it, that it wasn't his fault. No, he didn't make them do it... he just gave them every reason to do it... and then blames them when they do the most logical thing??

Obama did the same thing with the cadillac tax on the ACA.

Quote:3. The perception from the industry of the XL extension to the Keystone Pipeline was that it was NEVER going to produce a drop of oil, and that perception was there YEARS before Biden took office.

Pipelines never DO produce one drop of oil.

Quote:3a. The Keystone Pipeline was not canceled, it's still operational as we speak and nearly every drop of product that was expected to be moved through the XL extension is making it to market via rail and truck.

A) cancelling the expansion doesn't mean cancelling the whole thing. we get it... but stop acting like he didn't change where it was heading. If he hadn't, it wouldn't have been something he needed to do so quickly or with such bravado.
B) rail and truck require oil and gas to run them. Pipelines generally don't.... and NEARLY every drop (your word) isn't EVERY drop. Nearly is a relative term. $96.7byn is nearly $100byn... but I suspect you'd be happy to have that $3.3byn yourself, wouldn't you??

Quote:4. There is no real diesel shortage. Yes, the days on hand of supply dipped a bit, but production was never going to stop. We were/are not going to run out of diesel by Thanksgiving. That was just Tucker spewing his garbage about something he knew nothing about. In fact we're currently at around 26 days of supply as compared to the 25 days of supply from a few weeks ago. Regardless, that supply has nothing to do with any Biden policy.

Your conclusion is patently false...

and we have a what, virtual diesel shortage??? a 'real' diesel shortage is a matter of your opinion, not of fact. Nobody I'm aware of said production was going to stop... and similar projections about when SS runs out of money or what have you have always been made, and you don't call it spewing garbage.

The point is that diesel is almost double what gasoline costs, despite being easier/less costly to refine.... and diesel prices make their way into almost every product you buy... including the cost of transporting oil since Keystone XL was cut back.

Quote:Lastly, and most importantly, the oil and gas industry is making WAY more money now then they were under trump. Trust me, they're more than happy at the current state of things.

I'm sure they are... because of Biden. I'm just trying to figure out how you... a liberal... who claims not to be a Democrat... are okay with these capitalist pigs making a fortune under your chosen leader that they DIDN'T make (according to you) under Trump??

I mean, we can ignore the whole... they didn't report big earnings because they were investing in new production, creating jobs... and now they're taking those earnings as cash because they've canceled those investments, dropped those jobs and they expect taxes to increase, so they're taking the profits now before they do.

I mean, simple logic, Tom... but again, why do YOU support these massive profits for O&G, higher fuel prices for you and me... as opposed to the lower prices and lower profits under Trump?? WTF Mr. Independent liberal??