straightUp wrote:
LOL - Well, being confronted with the same false narratives over and over again does get a bit boring at times, but when people like yourself actually put the effort into rationalizing a narrative, it gives me hope that they might actually understand my counter arguments or maybe even educate me.
" In any case, I don't agree that this stimulus package left the economy awash in liquidity. If it did there wouldn't have been a need for a second stimulus package. "
That is my main point. There was no economic need for President Biden's stimulus package. There was a political need. Biden's economic team, they ain't very schmart, wanted to juice the economy so as to make a stark a comparison as possible between Trump's c***d plagued economy and Biden's new economy. The subsequent inflation that surprised the Biden economic team by it's Stickyness, has proven I am right.
" The fact is, oil and gas was never shut down - not even a little bit. "
That is not a fact. In April of 2020 the price per barrel of oil was minus $37.63.-
https://www.statista.com/statistics/466293/lowest-crude-oil-prices-due-to-c****-**/" On April 20th, 2020, the price of West Texas Intermediate crude oil slumped into negative for the first time in history, falling to negative 37.63 U.S. dollars per barrel. "
I realize that the crazies on the left were over the Moon, that those evil nasty greedy oil barons were hurting, but for those who deal in reality, this was not good. And yes oil production in the US did shut down and more than a little bit. It had to. Once the storage facilities around the country were full, where were they going to go with it ?
Now President Trump, you remember him, the guy your people say is Hitler Jr. had a most excellent idea. He thought that how about we fill up the Strategic Oil Reserve. It was brilliant, no it was genius. The government could buy the oil Super Duper Cheap, and the oil industry would not have to moth ball so much production capacity. Guess what ? It did not happen.
Do you know why ? Because it made too much sense. So of course the Democrats k**led it. They had to. No way would they allow a bone to be thrown to the evil dastardly American Petroleum Industry. An 8 % decline is ginormous. But I know what you are thinking. Son of Witless, where is your proof that US oil production dramatically declined ? Thank you for asking.
https://www.eia.gov/todayinenergy/detail.php?id=47056#:~:text=U.S.%20crude%20oil%20production%20averaged%2011.3%20million%20barrels,decline%20in%20the%20U.S.%20Energy%20Information%20Administration%E2%80%99s%20records.
" U.S. crude oil production averaged 11.3 million barrels per day (b/d) in 2020, down 935,000 b/d (8%) from the record annual average high of 12.2 million b/d in 2019. The 2020 decrease in production was the largest annual decline in the U.S. Energy Information Administrationās records. The production decline resulted from reduced drilling activity related to low oil prices in 2020. "
I apologize for not addressing all of your points. I detest long posts, and this one is way over long. I will try to get to your other concerns another time. Have a good afternoon.