Weasel Loc: In the Great State Of Indiana!!

Da, the point as the post reads, just taking note of today's oil price. No responce needed yet. (Just a reference as we check next week's price) and the week after that.

Jlw Loc: Wisconsin

I have been telling my wife the same thing ever since china joe announced he was going to run

America 1 Loc: South Miami

Oil and the Cost of Doing Business
The price of oil influences the costs of other production and manufacturing across the United States. For example, there is a direct correlation between the cost of gasoline or airplane fuel to the price of t***sporting goods and people. A drop in fuel prices means lower t***sport costs and cheaper airline tickets. As many industrial chemicals are refined from oil, lower oil prices benefit the manufacturing sector. Before the resurgence in U.S. oil production, drops in the price of oil were largely viewed as positive because it lowered the price of importing oil and reduced costs for the manufacturing and t***sport sectors. This reduction of costs could be passed on to the consumer. Greater discretionary income for consumer spending can further stimulate the economy. However, now that the United States has increased oil production, low oil prices can hurt U.S. oil companies and affect domestic oil industry workers.
Conversely, high oil prices add to the costs of doing business. And these costs are area also ultimately passed on to customers and businesses. Whether it is higher cab fares, more expensive airline tickets, the cost of apples shipped from California, or new furniture shipped from China, high oil prices can result in higher prices for seemingly unrelated products and services.
https://www.investopedia.com/articles/investing/032515/how-oil-prices-impact-us-economy.asp

Crude Prices Close Slightly Lower on an Increase in API Inventories and P******c-Related Energy Demand Concerns
by Barchart - Thu Jan 21, 3:07PM CST
Mar WTI crude oil (CLH21) on Thursday closed down -0.18 (-0.34%), and Mar RBOB gasoline (RBH21) closed up +0.35 (+0.23%).
Crude oil and gasoline prices on Thursday settled mixed. Crude prices fell back on negative carry-over from Wednesday afternoon when the API reported that U.S. crude supplies rose +2.56 million bbl last week. Also, there is concern that the worsening of the C***d p******c will lead to more lockdowns that curb economic growth and energy demand. Gasoline posted modest gains Thursday on dollar weakness after the dollar index fell to a 1-week low and on stronger than expected U.S. economic data, which is positive for fuel demand.
Crude oil prices were also under pressure Thursday after JPMorgan Chase late Wednesday cut its crude oil demand estimates for China. JPMorgan cut its China January crude oil demand forecast by -60,000 bpd, cut its February demand forecast by -150,000 bpd, and cut its China March crude demand forecast by -113,000

nwtk2007 Loc: Texas

We haven't seen nothing yet.

Abel

IMHO: Losing your ass will improve your looks. CCP Joe Schmo hasn't had time yet to screw very much up, but the clock is ticking. Can't wait until he levies his promised $1 tax on a gallon of gas among other promised tax increases; won't bother you elites much, but it'll present serious problems for the working people.

GoCubs Loc: Earth

Price of oil rising. Raising taxes. Two entirely different things.

JFlorio Loc: Seminole Florida

Both cost the average American more.

JFlorio Loc: Seminole Florida

GoCubs Loc: Earth

How is the Nasdaq/Dow Jones average and S&P going up a good thing and the price of oil going up a bad thing? It's not. They are all intertwined and all of them going up (especially at the same time) is a good thing for all Americans. All are good signs for a robust economy. It may cost us more to fill up our gas tank, but look at the big picture.

JFlorio Loc: Seminole Florida

Really? No one said the markets going up is a bad thing. The reason why oil stock are is a bad thing. The big picture is many more people are affected by higher energy costs than the number of people invested in the right oil ETF or oil stock. The oil stocks are increasing because of less supply. The market as a whole is going up (as I predicted) because Wall Street is expecting trillions in stimulus to be spent. Mark my words, within a year you will see a crash on the order of 2008 due to Biden’s stupid policies.

woodguru

Raising taxes does not, not if the tax increases are targeted at higher income brackets.

JFlorio Loc: Seminole Florida

Sure it does. If taxes become burdensome corporations have the ability to leave or pass on additional costs to consumers I’m all for a fairer tax structure but no country ever taxes its way to prosperity. There is always a ripple affect. If you are near as knowledgeable as you proclaim you know smart businesses are designed to make a certain percentage profit. Figuring that profit includes wages, overhead, and taxes among othe considerations.

tbutkovich

Soon, the American people will be paying $4.00 per gallon. Stupid v**ers may one day come to realize that when you get on the bandwagon clamoring to get rid of the “orange man” and substitute your choice with an i***t, you deserve the outcome. They “played the left for suckers” and they “swallowed it hook, line and sinker!”

Many Conservative American’s saw this coming, but many v**ers on the left were on a “mission to get rid of the orange man.” With that objective completed, they will now get to experience first hand what the Democrats have in store for them.

“E******ns have their consequences!”
Watch and See!

nwtk2007 Loc: Texas

Bad karma which we will all have to suffer.

Abel

Well, go ahead, paint your "big picture," I'm waiting.