The Saudis are stimulating the world's economy, but not the oil patch.

https://finance.yahoo.com/news/crazy-sau...12496.html

"SINGAPORE (Reuters) - Asian oil traders are bracing for another round of hefty price falls on Monday in key benchmarks Brent and Dubai after the world's top exporter Saudi Arabia slashed prices, reigniting a market share battle among key producers.

The world's top producers including Saudi Arabia, Russia and other Middle East producers were last locked in a market share war between 2014 and 2016 as they tried to squeeze out shale production from the United States by reducing prices and offering more supplies to Asia.

The battle ended when the Organization of the Petroleum Exporting Countries (OPEC) and Russia struck a deal to cut production.

That truce shook on Friday when OPEC, led by Saudi Arabia, failed to reach agreement with the world's No. 2 oil producer Russia to deepen production cuts aimed at shoring up prices...."

The 2014 cuts dampened the economy in Texas. You wonder if US is target or if Iran and Russia are targets. I would bet Iran over Yemen and Russia over Syria are the targets.

<next media campaign--Trump is being bought by the Saudis who want his re-election>

Isn't it great that America has been freed from that $#!+show?

(03-08-2020 07:19 PM)vandiver49 Wrote:  Isn't it great that America has been freed from that $#!+show?

We need to bring back manufacturing as well and be free of China and our dependence on their cheaply made and cheap products. But don't ask me how we accomplish that.

(03-08-2020 07:42 PM)TigerBlue4Ever Wrote:  

(03-08-2020 07:19 PM)vandiver49 Wrote:  Isn't it great that America has been freed from that $#!+show?

We need to bring back manufacturing as well and be free of China and our dependence on their cheaply made and cheap products. But don't ask me how we accomplish that.

We'll get some back but will have to be satisfied with that manufacturing moving out of China. Mexico will be a popular destination, with NAFTA finally doing what its supposed to.

(03-08-2020 07:50 PM)vandiver49 Wrote:  

(03-08-2020 07:42 PM)TigerBlue4Ever Wrote:  

(03-08-2020 07:19 PM)vandiver49 Wrote:  Isn't it great that America has been freed from that $#!+show?

We need to bring back manufacturing as well and be free of China and our dependence on their cheaply made and cheap products. But don't ask me how we accomplish that.

We'll get some back but will have to be satisfied with that manufacturing moving out of China. Mexico will be a popular destination, with NAFTA finally doing what its supposed to.

invest in building/maintaining infrastructure = jobs

it's pretty fk'n simple at this point....

@adaptOrDie

https://twitter.com/RampCapitalLLC/statu...0496061443

FILL ‘ER UP

(03-08-2020 08:01 PM)stinkfist Wrote:  

(03-08-2020 07:50 PM)vandiver49 Wrote:  

(03-08-2020 07:42 PM)TigerBlue4Ever Wrote:  

(03-08-2020 07:19 PM)vandiver49 Wrote:  Isn't it great that America has been freed from that $#!+show?

We need to bring back manufacturing as well and be free of China and our dependence on their cheaply made and cheap products. But don't ask me how we accomplish that.

We'll get some back but will have to be satisfied with that manufacturing moving out of China. Mexico will be a popular destination, with NAFTA finally doing what its supposed to.

invest in building/maintaining infrastructure = jobs

it's pretty fk'n simple at this point....

@adaptOrDie

no doubt. construction is the premier non-exportable job. Just got to get the consultants out of the way.

(03-08-2020 08:16 PM)vandiver49 Wrote:  

(03-08-2020 08:01 PM)stinkfist Wrote:  

(03-08-2020 07:50 PM)vandiver49 Wrote:  

(03-08-2020 07:42 PM)TigerBlue4Ever Wrote:  

(03-08-2020 07:19 PM)vandiver49 Wrote:  Isn't it great that America has been freed from that $#!+show?

We need to bring back manufacturing as well and be free of China and our dependence on their cheaply made and cheap products. But don't ask me how we accomplish that.

We'll get some back but will have to be satisfied with that manufacturing moving out of China. Mexico will be a popular destination, with NAFTA finally doing what its supposed to.

invest in building/maintaining infrastructure = jobs

it's pretty fk'n simple at this point....

@adaptOrDie

no doubt. construction is the premier non-exportable job. Just got to get the consultants out of the way.

the issue is developing the skill set to accomplish such....today's version of start to 'finish' education is total dogshite....it's nothing but #lmnop bs...

lack of vocational development in conjunction with the 'sciences' within the richest geo-goldmine on the planet is beyond stupid in ignorance....

(03-08-2020 08:23 PM)stinkfist Wrote:  

(03-08-2020 08:16 PM)vandiver49 Wrote:  

(03-08-2020 08:01 PM)stinkfist Wrote:  

(03-08-2020 07:50 PM)vandiver49 Wrote:  

(03-08-2020 07:42 PM)TigerBlue4Ever Wrote:  We need to bring back manufacturing as well and be free of China and our dependence on their cheaply made and cheap products. But don't ask me how we accomplish that.

We'll get some back but will have to be satisfied with that manufacturing moving out of China. Mexico will be a popular destination, with NAFTA finally doing what its supposed to.

invest in building/maintaining infrastructure = jobs

it's pretty fk'n simple at this point....

@adaptOrDie

no doubt. construction is the premier non-exportable job. Just got to get the consultants out of the way.

the issue is developing the skill set to accomplish such....today's version of start to 'finish' education is total dogshite....it's nothing but #lmnop bs...

lack of vocational development in conjunction with the 'sciences' within the richest geo-goldmine on the planet is beyond stupid in ignorance....

companies are starting to realize that college 'prep' isn't these days and are instituting their own training programs once more. It's just getting more high school students to realize that it isn't necessary to go to college right after high school. It's a slow process but I'm seeing it happen in the electrical field. The real challenge comes from mate selection. As colleges become filled with women, they see the only viable pairing as another college grad and scoff a vo-tech work.

(03-08-2020 08:45 PM)vandiver49 Wrote:  

(03-08-2020 08:23 PM)stinkfist Wrote:  

(03-08-2020 08:16 PM)vandiver49 Wrote:  

(03-08-2020 08:01 PM)stinkfist Wrote:  

(03-08-2020 07:50 PM)vandiver49 Wrote:  We'll get some back but will have to be satisfied with that manufacturing moving out of China. Mexico will be a popular destination, with NAFTA finally doing what its supposed to.

invest in building/maintaining infrastructure = jobs

it's pretty fk'n simple at this point....

@adaptOrDie

no doubt. construction is the premier non-exportable job. Just got to get the consultants out of the way.

the issue is developing the skill set to accomplish such....today's version of start to 'finish' education is total dogshite....it's nothing but #lmnop bs...

lack of vocational development in conjunction with the 'sciences' within the richest geo-goldmine on the planet is beyond stupid in ignorance....

companies are starting to realize that college 'prep' isn't these days and are instituting their own training programs once more. It's just getting more high school students to realize that it isn't necessary to go to college right after high school. It's a slow process but I'm seeing it happen in the electrical field. The real challenge comes from mate selection. As colleges become filled with women, they see the only viable pairing as another college grad and scoff a vo-tech work.

I'm not jerkin' your jock, but I played corpshite 'murica for 20+ yrs. and left 10+ yrs ago.....that's nothing new...they didn't have a choice b/c #muhGubbmint doesn't listen, nor care....

the issue is revising how curriculum is developed and recognized at varying age levels...it's a lengthy discussion in scope....

including myself, the discussions/solutions are what many have pined about over the years since I've been posting on this board....

JRsec or Owl#s are your go to guys for that discussion.....they're much better at writing 'words'....

(03-08-2020 09:31 PM)stinkfist Wrote:  

(03-08-2020 08:45 PM)vandiver49 Wrote:  

(03-08-2020 08:23 PM)stinkfist Wrote:  

(03-08-2020 08:16 PM)vandiver49 Wrote:  

(03-08-2020 08:01 PM)stinkfist Wrote:  invest in building/maintaining infrastructure = jobs

it's pretty fk'n simple at this point....

@adaptOrDie

no doubt. construction is the premier non-exportable job. Just got to get the consultants out of the way.

the issue is developing the skill set to accomplish such....today's version of start to 'finish' education is total dogshite....it's nothing but #lmnop bs...

lack of vocational development in conjunction with the 'sciences' within the richest geo-goldmine on the planet is beyond stupid in ignorance....

companies are starting to realize that college 'prep' isn't these days and are instituting their own training programs once more. It's just getting more high school students to realize that it isn't necessary to go to college right after high school. It's a slow process but I'm seeing it happen in the electrical field. The real challenge comes from mate selection. As colleges become filled with women, they see the only viable pairing as another college grad and scoff a vo-tech work.

I'm not jerkin' your jock, but I played corpshite 'murica for 20+ yrs. and left 10+ yrs ago.....that's nothing new...they didn't have a choice b/c #muhGubbmint doesn't listen, nor care....

the issue is revising how curriculum is developed and recognized at varying age levels...it's a lengthy discussion in scope....

including myself, the discussions/solutions are what many have pined about over the years since I've been posting on this board....

JRsec or Owl#s are your go to guys for that discussion.....they're much better at writing 'words'....

Hey even when I was in high school there was still a vo-tech and college prep course work for students. That was eliminated sometime the late 90's. At this point I'd rather they not even bother with history since it appears that can't teach it without being horrendously biased. Home Econ is probably more important at this point.

(03-08-2020 07:19 PM)vandiver49 Wrote:  Isn't it great that America has been freed from that $#!+show?

We are not freed from them. There choices impact the price of West Texas Intermediate Crude, which will hurt the Texas economy, and since Texas would count as the 9th largest economy if we were a country, it will lead to an overall weakening the US economy. Factor in the Covid 19's impact on the global demand and markets across the world are in for a bumpy ride.

If the US markets opened right now, the DOW would be down over 1,250 points. That is bad, and even worse since we are only 9 months away from a presidential election.

(03-08-2020 09:31 PM)stinkfist Wrote:  

(03-08-2020 08:45 PM)vandiver49 Wrote:  

(03-08-2020 08:23 PM)stinkfist Wrote:  

(03-08-2020 08:16 PM)vandiver49 Wrote:  

(03-08-2020 08:01 PM)stinkfist Wrote:  invest in building/maintaining infrastructure = jobs

it's pretty fk'n simple at this point....

@adaptOrDie

no doubt. construction is the premier non-exportable job. Just got to get the consultants out of the way.

the issue is developing the skill set to accomplish such....today's version of start to 'finish' education is total dogshite....it's nothing but #lmnop bs...

lack of vocational development in conjunction with the 'sciences' within the richest geo-goldmine on the planet is beyond stupid in ignorance....

companies are starting to realize that college 'prep' isn't these days and are instituting their own training programs once more. It's just getting more high school students to realize that it isn't necessary to go to college right after high school. It's a slow process but I'm seeing it happen in the electrical field. The real challenge comes from mate selection. As colleges become filled with women, they see the only viable pairing as another college grad and scoff a vo-tech work.

I'm not jerkin' your jock, but I played corpshite 'murica for 20+ yrs. and left 10+ yrs ago.....that's nothing new...they didn't have a choice b/c #muhGubbmint doesn't listen, nor care....

the issue is revising how curriculum is developed and recognized at varying age levels...it's a lengthy discussion in scope....

including myself, the discussions/solutions are what many have pined about over the years since I've been posting on this board....

JRsec or Owl#s are your go to guys for that discussion.....they're much better at writing 'words'....

I just got to this board, so Mike Rowe is my go to expert on this subject.

Stock market futures were halted tonight at 5% taking a big tumble.

Oil is down 25% in premarket trading to just over 30 dollars for WTI.

The 30 year treasury is down below 1%. The 10 year treasury is right around 0.5%. I think it can go as low as 0.25% without the Fed authorizing negative interest rates.

One thing I haven't liked is the national economic adviser saying the plan is to help affected industries rather than resume any quantitative easing.

Forget a stimulus package with divided government.

(03-08-2020 08:01 PM)stinkfist Wrote:  

(03-08-2020 07:50 PM)vandiver49 Wrote:  

(03-08-2020 07:42 PM)TigerBlue4Ever Wrote:  

(03-08-2020 07:19 PM)vandiver49 Wrote:  Isn't it great that America has been freed from that $#!+show?

We need to bring back manufacturing as well and be free of China and our dependence on their cheaply made and cheap products. But don't ask me how we accomplish that.

We'll get some back but will have to be satisfied with that manufacturing moving out of China. Mexico will be a popular destination, with NAFTA finally doing what its supposed to.

invest in building/maintaining infrastructure = jobs

it's pretty fk'n simple at this point....

@adaptOrDie

Warehouses.

(03-08-2020 10:02 PM)TripleA Wrote:  

(03-08-2020 09:31 PM)stinkfist Wrote:  

(03-08-2020 08:45 PM)vandiver49 Wrote:  

(03-08-2020 08:23 PM)stinkfist Wrote:  

(03-08-2020 08:16 PM)vandiver49 Wrote:  no doubt. construction is the premier non-exportable job. Just got to get the consultants out of the way.

the issue is developing the skill set to accomplish such....today's version of start to 'finish' education is total dogshite....it's nothing but #lmnop bs...

lack of vocational development in conjunction with the 'sciences' within the richest geo-goldmine on the planet is beyond stupid in ignorance....

companies are starting to realize that college 'prep' isn't these days and are instituting their own training programs once more. It's just getting more high school students to realize that it isn't necessary to go to college right after high school. It's a slow process but I'm seeing it happen in the electrical field. The real challenge comes from mate selection. As colleges become filled with women, they see the only viable pairing as another college grad and scoff a vo-tech work.

I'm not jerkin' your jock, but I played corpshite 'murica for 20+ yrs. and left 10+ yrs ago.....that's nothing new...they didn't have a choice b/c #muhGubbmint doesn't listen, nor care....

the issue is revising how curriculum is developed and recognized at varying age levels...it's a lengthy discussion in scope....

including myself, the discussions/solutions are what many have pined about over the years since I've been posting on this board....

JRsec or Owl#s are your go to guys for that discussion.....they're much better at writing 'words'....

I just got to this board, so Mike Rowe is my go to expert on this subject.

he's as good they get in the land of pragmatics....

(03-08-2020 10:50 PM)GoodOwl Wrote:  

the shite you remind me of that continually makes me ponder why I'm not a jew.....

(03-08-2020 10:14 PM)Kit-Cat Wrote:  Stock market futures were halted tonight at 5% taking a big tumble.

Oil is down 25% in premarket trading to just over 30 dollars for WTI.

The 30 year treasury is down below 1%. The 10 year treasury is right around 0.5%. I think it can go as low as 0.25% without the Fed authorizing negative interest rates.

One thing I haven't liked is the national economic adviser saying the plan is to help affected industries rather than resume any quantitative easing.

Forget a stimulus package with divided government.

in today's state of micro flux???.....you got that shite right....

I've mentioned many a time you can toss all the econ/finance bs you were taught to date out the door when/if the shite hits the fan.....

#muhFragileTulips

it's never been anything but a balancing act between creating incentive by driving commerce to support the masses vs. subsidization corralling the herd in my lifetime....

it's why a strong USD is the key to the whole deal with incentive to negotiate fair and equitable trade agreements across the globe....when the Yuan began going south, that was a fairly good indicator that 'something' was right around the corner....I saw that impact beginning back in the Chinese steel dumping and over building days ~15 yrs. ago...

(03-08-2020 07:50 PM)vandiver49 Wrote:  

(03-08-2020 07:42 PM)TigerBlue4Ever Wrote:  

(03-08-2020 07:19 PM)vandiver49 Wrote:  Isn't it great that America has been freed from that $#!+show?

We need to bring back manufacturing as well and be free of China and our dependence on their cheaply made and cheap products. But don't ask me how we accomplish that.

We'll get some back but will have to be satisfied with that manufacturing moving out of China. Mexico will be a popular destination, with NAFTA finally doing what its supposed to.

You mean USMCA doing what NAFTA was supposed to do (but didn't).