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menmon
05-30-2012, 04:29 PM
EUR/US$ is 1.2369

Oil is $87.58

EUROPEAN VACTIONS!!!!!!!!!!

ROAD TRIPS!!!!!!!!!!!!!!!!!!!!!!!

Franco
05-30-2012, 04:43 PM
I'll be happier when oil gets closer to what it should be, $65. per barrel. There are going to be a lot of clients of speculators over paying for their oil when they take delivery!

menmon
05-30-2012, 05:05 PM
Agreed! This argument of Obama causing high energy prices is kinda losing steam, don't you think?

The dollar weakening to nothing kinda doesn't add up anymore either, agreed?

Bottom-line...our economy is getting better and unemployment excluding residential construction is not too bad. In other words, if home building was going even at 1/2 of what it was doing before, the unemployment rate would be closer to 6%.

HPL
05-30-2012, 05:10 PM
Agreed! This argument of Obama causing high energy prices is kinda losing steam, don't you think?

The dollar weakening to nothing kinda doesn't add up anymore either, agreed?

Bottom-line...our economy is getting better and unemployment excluding residential construction is not too bad. In other words, if home building was going even at 1/2 of what it was doing before, the unemployment rate would be closer to 6%.

I certainly don't agree with your first point. This administration's foot dragging vis-a-vis offshore permits and its generally anti-fossil fuel stance certainly have an impact on what we pay at the pump which has an impact on everything we use in day to day life.

Franco
05-30-2012, 05:16 PM
Declining oil prices have to do with a weakening global economy and the dollar with faultering Europe. I'd say Obama got lucky with the dollar. However, the USA is not even remotely close to getting out of the woods in terms of the value of the dollar. As bad as we are doing, Europe is doing even worse. Yes, the media can gloat for Obama with the average price at the pump being $3.50. I can't beleive folks are happy with $3.50! Had the USA been more aggressive in issuing drilling permits, the price could have been around $2.50!

menmon
05-30-2012, 05:38 PM
You know better than that. Just because they punch another hole does not change oil prices. Proven reserves change oil prices.

Got to give credit to the person in office since you blame him for everything else he had nothing to do with. You can't have it both ways. Summer travel ends just in time for Obama to take credit for $2.50 gas. The right has been running on that, and Obama will be the one that gets us there. Feed your bullshit to someone who knows no better.

HPL
05-30-2012, 05:44 PM
Well, what I actually know is that perception has a pretty big effect on oil prices as evidenced by the immediate plummet in prices when Pres Bush signed papers opening up large areas of the gulf for exploration and drilling, thus indicating that he was going to support the production of oil rather than hinder it. (And you actually EAT with that mouth? This is not a men's locker room)

Wade
05-30-2012, 06:05 PM
You know better than that. Just because they punch another hole does not change oil prices. Proven reserves change oil prices.

BINGO!!! Pumping more oil out of the ground has nothing to do with the price we pay at the pump. Although that's what most higher ups would make you believe. When gas first spiked at $4 per gallon, oil was at $144. Now it is at roughly $90 per barrel and I'm paying $3.50-$3.60 per gallon. Drilling more holes ain't bringing the gas prices down. This country hasn't build a refinery in how many decades? Talk about job creation? Think about how that would change things.

HPL
05-30-2012, 06:12 PM
Absolutely a good point. Will take an administration that is pro-fossil fuel to get that done too.

Franco
05-30-2012, 06:15 PM
BINGO!!! Pumping more oil out of the ground has nothing to do with the price we pay at the pump. Although that's what most higher ups would make you believe. When gas first spiked at $4 per gallon, oil was at $144. Now it is at roughly $90 per barrel and I'm paying $3.50-$3.60 per gallon. Drilling more holes ain't bringing the gas prices down. This country hasn't build a refinery in how many decades? Talk about job creation? Think about how that would change things.

The most recent refinery figures show that U S A refineries are operating at 85% of capacity. The more oil produced, the more oil on the market!
http://www.eia.gov/dnav/pet/pet_pnp_unc_dcu_nus_m.htm

Charles C.
05-30-2012, 08:15 PM
I'm probably biased because I'm a part of the oil and gas business, but how cheap do people want oil/gasoline to be? The way I look at it paying 3 and a half bucks to propel a 2 ton machine 20 miles down the road is a pretty good bargain. "Cheap" oil no longer exists.

Cody Covey
05-30-2012, 08:39 PM
Agreed! This argument of Obama causing high energy prices is kinda losing steam, don't you think?

The dollar weakening to nothing kinda doesn't add up anymore either, agreed?

Bottom-line...our economy is getting better and unemployment excluding residential construction is not too bad. In other words, if home building was going even at 1/2 of what it was doing before, the unemployment rate would be closer to 6%.

With a net unemployment growth of 200k a month you think unemployment isn't bad? Just because that number goes down does not mean that people are going back to work. We have the lowest active workforce in, at least, recent history but you expect all of us to swallow that it is getting better?

Also if you think that oil production has nothing to do with gas prices or that Obama hasn't been readily hampering oil production you are worse off then we all thought I believe.

M&K's Retrievers
05-30-2012, 09:53 PM
You know better than that. Just because they punch another hole does not change oil prices. Proven reserves change oil prices.

Got to give credit to the person in office since you blame him for everything else he had nothing to do with. You can't have it both ways. Summer travel ends just in time for Obama to take credit for $2.50 gas. The right has been running on that, and Obama will be the one that gets us there. Feed your bullshit to someone who knows no better.

It sure does a number on NG prices. Wake up.

Marvin S
05-30-2012, 10:39 PM
It sure does a number on NG prices. Wake up.

:) :) :) - How True!!!!!!!!

Read today that the O & G extractors have paid more in taxes & fees to the various government entities than they have returned in profits to their bottom line from 1981 thru 2008 - somebody is losing the propaganda war!!!!

Goose
05-31-2012, 10:37 AM
Agreed! This argument of Obama causing high energy prices is kinda losing steam, don't you think?

The dollar weakening to nothing kinda doesn't add up anymore either, agreed?

Bottom-line...our economy is getting better and unemployment excluding residential construction is not too bad. In other words, if home building was going even at 1/2 of what it was doing before, the unemployment rate would be closer to 6%.

The economy isn't getting better. You're just delusional. This country's in a crap wagon with no hope of ever paying off its ever increasing debt thanks to keynesians and leftist politicians like Obama. Wake up, sir.

We live in Cuba now.

ARay11
05-31-2012, 10:39 AM
Agreed! This argument of Obama causing high energy prices is kinda losing steam, don't you think?

The dollar weakening to nothing kinda doesn't add up anymore either, agreed?

Bottom-line...our economy is getting better and unemployment excluding residential construction is not too bad. In other words, if home building was going even at 1/2 of what it was doing before, the unemployment rate would be closer to 6%.


Ahhh, yes, and just in time for a what... a...what's the word...an.....ummm.......AN ELECTION!!!!

Wag the dog regards,

Amanda

Gerry Clinchy
05-31-2012, 01:55 PM
I'm probably biased because I'm a part of the oil and gas business, but how cheap do people want oil/gasoline to be? The way I look at it paying 3 and a half bucks to propel a 2 ton machine 20 miles down the road is a pretty good bargain. "Cheap" oil no longer exists.

Your reasoning of why $3.50/gallon is okey dokey ... I'm not so sure. If wages have not kept up with the cost of energy (which is not included in the COLI), then everyone is doing less well than they were when energy cost less.

This cost for energy is not limited to powering a "recreational" vehicle ... it's also about heating homes, the cost of transporting EVERY manner of goods we produce, not the least of which is food.

I sell real estate ... people have long viewed Realtors® as tour guides. Time will come when buyers start paying agents to give this cab service.

menmon
05-31-2012, 03:15 PM
That pro-oil president takes credit for $144 a barrell oil.

Deep-water permits need to be limited to those truly capable of doing the work and able to assume the liability of the risk.

BP could afford to clean up their mess and make whole those that were damaged. I can count on one hand the oil companies capable of that.

The high unemployment is mostly do to the loss of residential construction. You can argue that they overbuilt housing, thus employing folks when there was not a true need.

People whin about the debt of the country when I know very few that are not drowning in debt, thus unable to go buy something.

Therefore, the only stimulating factor is government spending or tax cuts that get spent.

Remember $2.5 gas will be credited to Obama...why it does not matter

J Hoggatt
05-31-2012, 03:29 PM
Business Owners/Business Management - Large to small have ZERO confidence in this Administration. I have first hand knowledge of more than enough to make this statement of fact. In the middle of this country - Most small businesses are profitable.... BUT are not expanding nor investing in new equipment. WHY? They don't Trust this Administration - regarding Taxes and Regulations- simply put.

Oil prices are reflective of Demand and Production - (Or Supply/Demand) and the value of the US dollar. --- Less Demand-- oil prices go down.- No confidence is the direction of this country - US demand will not pick up.

SPIN your PRO-OBAMA stuff all you want........But the Small Businesses of the US -- Won't spend their money until they have confidence in the direction of this country. Obama is a wealth re-distributor/socialist and anti-business.

menmon
05-31-2012, 03:44 PM
I'm a banker and loan growth is roaring....business decisions are not made based on who is president...because they change ever 4 or 8 years. Congress is who makes law anyway. Obama can not tax you because he wants to.

Uncle Bill
05-31-2012, 04:11 PM
You know better than that. Just because they punch another hole does not change oil prices. Proven reserves change oil prices.

Got to give credit to the person in office since you blame him for everything else he had nothing to do with. You can't have it both ways. Summer travel ends just in time for Obama to take credit for $2.50 gas. The right has been running on that, and Obama will be the one that gets us there. Feed your bullshit to someone who knows no better.


As toady folks go, you might be the most toady. Most of us KNOW your messiah has no respect for oil, but still takes credit for what the private industry in oil has accomplished. Be cautious...you keep falling on the sword for that phony in the White House, and you'll bleed to death.

UB
Fracking Is Reducing Our Dependence On Foreign Oilhttp://sayanythingblog.com/files/2012/05/Oil-300x189.jpg







Written By:
Rob Port (http://sayanythingblog.com/entry/author/admin/)
May 29, 2012






For about as long as I’ve been following politics I’ve heard politicians talking about “ending our dependence on foreign oil,” usually in conjunction with touting some new “green energy” or biofuel. But for most of my lifetime, US imports of oil have grown steadily until just recently as this chart from Mark Perry (http://mjperry.blogspot.com/2012/05/center-of-gravity-in-oil-world-shifts.html) shows:

http://sayanythingblog.com/files/2012/05/netoil.jpg (http://sayanythingblog.com/files/2012/05/netoil.jpg)So what changed to reverse the trend in US dependence on foreign oil? There are a lot of factors – vehicles are getting more fuel efficient, and the national recession dampened demand for oil for some time – but as the Washington Post reports (http://www.washingtonpost.com/world/the_americas/center-of-gravity-in-oil-world-shifts-to-americas/2012/05/25/gJQAjeuVqU_story_1.html), the driving force behind this reduction is hydraulic fracturing:

From Canada to Colombia to Brazil, oil and gas production in the Western Hemisphere is booming, with the United States emerging less dependent on supplies from an unstable Middle East. Central to the new energy equation is the United States itself, which has ramped up production and is now churning out 1.7 million more barrels of oil and liquid fuel per day than in 2005.

“There are new players and drivers in the world,” said Ruben Etcheverry, chief executive of Gas and Oil of Neuquen, a state-owned energy firm that is positioning itself to develop oil and gas fields here in Patagonia. “There is a new geopolitical shift, and those countries that never provided oil and gas can now do so. For the United States, there is a glimmer of the possibility of self-sufficiency.”

Oil produced in Persian Gulf countries — notably Saudi Arabia, Iran, the United Arab Emirates, Kuwait and Iraq — will remain vital to the world’s energy picture. But what was once a seemingly unalterable truth — that American oil production would steadily fall while the United States remained heavily reliant on Middle Eastern supplies — is being turned on its head.

Perhaps the biggest development in the worldwide realignment is how the United States went from importing 60 percent of its liquid fuels in 2005 to 45 percent last year (MP: Net oil imports have since fallen to a 20-year low of 42.4% this year through April, see chart above). The economic downturn in the United States, improvements in automobile efficiency and an increasing reliance on biofuels all played a role.

But a major driver has been the use of hydraulic fracturing. By blasting water, chemicals and tiny artificial beads at high pressure into tight rock formations to make them porous, workers have increased oil production in North Dakota from a few thousand barrels a day a decade ago to nearly half a million barrels today.
I’m not as wrapped up in the concept of trade deficits as some economic observers are. I think it’s more important that consumers be free to seek the best deals in a free market place than for consumers to get their products from any particular geographic location. But in the case of oil specifically, the more business we can take from oil companies owned by rogue, tyrannical, terror-sponsoring states the better.

And it’s not like America’s surge in domestic oil production is the result of subsidies or trade protectionism. Domestic oil producers have simply found better ways of doing things that make them more competitive in the energy markets.
What’s funny is that the oil industry is making good on all the promises the “green energy” industry has been making for decades.

Not only are domestic oil producers reducing our dependence on foreign oil, but hydraulic fracturing has done more to reduce carbon emissions than wind power and solar power combined (http://sayanythingblog.com/entry/fracking-has-done-more-to-reduce-carbon-emissions-than-the-epa-al-gore-and-wind-turbines-combined/).

menmon
05-31-2012, 04:17 PM
That graph is very telling. He has reduced our need for imported oil by almost 20%. What this graph tell us is that we should continue to support this guy.

Cody Covey
05-31-2012, 05:40 PM
Fracking is because of private corps on private land...nothing to do with his policies which actually reduce the amount of oil production possible.

J Hoggatt
05-31-2012, 08:03 PM
I'm a banker and loan growth is roaring....business decisions are not made based on who is president...because they change ever 4 or 8 years. Congress is who makes law anyway. Obama can not tax you because he wants to.

You might be the first banker I have heard of that is Pro-Obama.
Loan Growth is roaring??? What Markets do you work in - Geographic and Business Lines?
You see - I been in banking 29 years........I don't hide behind "Scene Names" - and I let people know who I am and where I am from.

HPL
05-31-2012, 09:08 PM
Hey John! This is COMPLETELY off topic, but that's really a great avatar shot you have there!! You ought to post it bigger on one of the photo threads.

menmon
06-01-2012, 10:23 AM
Houston, TX and my name is Mike Enmon...I'm not hiding. My handle is the name of two of my dogs...Sam and Bo...I also have Isaac and Amen.

The bankers I work with here are republicans but the ones I worked with in NYC were democrats. The ones in NY were smarter bankers too.

J Hoggatt
06-01-2012, 10:48 AM
Houston, TX and my name is Mike Enmon...I'm not hiding. My handle is the name of two of my dogs...Sam and Bo...I also have Isaac and Amen.

The bankers I work with here are republicans but the ones I worked with in NYC were democrats. The ones in NY were smarter bankers too.

Loan Volume is booming in Houston --Well we need it ...... I guess we need to talk to some of our Texas Connections then.........they must be holding out on us.
I am still curious - what Markets/Business Lines you work in. - if you care to share it - or PM me.

PS.--- I haven't met many from NY that we smarter -- I have met several that thought they were - because they were from NY. Glad they do exist........(NY and Washington DC--- put them together by the way- in my opinion).

menmon
06-01-2012, 11:04 AM
I do commercial and industrial (C&I) lending. Oilfield Services is what I'm mostly doing, but we are finding good deal across the board. Commercial Real Estate is starting to come back, but is still challenged by low apprasial values. Residential Construction is picking up too here, as most of the excess inventory has sold.

I vote democrat because their policies tend to benefit me.

Matt McKenzie
06-01-2012, 11:37 AM
I don't vote Democrat because their policies tend not to benefit the country.

Uncle Bill
06-01-2012, 12:28 PM
Here's 12 reasons why Sambo and the other Obama minions vote Democrat. Read and weep.

UB








1. I voted Democrat because I believe oil companies'
profits of 4% on a gallon of gas are obscene, but the
government taxing the same gallon of gas at 15% isn't.

2. I voted Democrat because I believe the government will
do a better job of spending the money I earn than I would.

3. I voted Democrat because Freedom of Speech is fine as
long as nobody is offended by it.

4. I voted Democrat because I'm way too irresponsible to
own a gun, and I know that my local police are all I need
to protect me from murderers and thieves.

5. I voted Democrat because I believe that people who
can't tell us if it will rain on Friday can tell us that
the polar ice caps will melt away in ten years if I
don't start driving a Prius.

6. I voted Democrat because I'm not concerned about
millions of babies being aborted so long as we keep all
death row inmates alive.

7. I voted Democrat because I think illegal aliens have a
right to free health care, education, and Social Security
benefits, and we should take away the social security from
those who paid into it.

8. I voted Democrat because I believe that business should
not be allowed to make profits for themselves. They need
to break even and give the rest away to the government for
redistribution as the Democrats see fit.

9. I voted Democrat because I believe liberal judges need
to rewrite the Constitution every few days to suit some
fringe kooks who would never get their agendas past the voters.

10. I voted Democrat because I think that it's better to
pay billions to people who hate us for their oil, but not
drill our own because it might upset some endangered
beetle, gopher or fish.

11. I voted Democrat because while we live in the greatest,
most wonderful country in the world, I was promised "HOPE
AND CHANGE".

12. I voted Democrat because my head is so firmly planted
up my ass, it's unlikely that I'll ever have another point
of view.*

HPL
06-01-2012, 12:45 PM
I don't vote Democrat because their policies tend not to benefit the country.

BINGO!!! If one only looks after one's own short term needs, the Dems seem to have a good deal. I just don't think that their policies are good for the long term benefit of the country.

menmon
06-01-2012, 03:17 PM
And my questions to you is you think republican policies do? The rheteric sounds good, but vote based on what they do not what they say. I use to vote for them too, but I learned they are not fiscally responsible, so since they are not, I want people in office that will benefit me. Yes I think the country as a whole is more important than me, but that is not their agenda.

HPL
06-01-2012, 03:30 PM
And my questions to you is you think republican policies do? The rheteric sounds good, but vote based on what they do not what they say. I use to vote for them too, but I learned they are not fiscally responsible, so since they are not, I want people in office that will benefit me. Yes I think the country as a whole is more important than me, but that is not their agenda.

Well, it's certainly NOT the dems' agenda either (and especially not this current administration's). You really need to turn on spell check and proof before hitting the "Post Quick Reply" button.

road kill
06-01-2012, 03:40 PM
The United States of America runs on gasoline.

Learn it!
Love it!
Live it!

Until gas gets below $3 mark, economy stalls.
No whining or blaming.....just do it!!!

menmon
06-01-2012, 03:43 PM
At least you acknowledge it. The danger in electing a republican is that they have not been able to spend on their stuff for 4 years, so elect Romney and watch how the deficit ballons.

road kill
06-01-2012, 03:43 PM
And my questions to you is you think republican policies do? The rheteric sounds good, but vote based on what they do not what they say. I use to vote for them too, but I learned they are not fiscally responsible, so since they are not, I want people in office that will benefit me. Yes I think the country as a whole is more important than me, but that is not their agenda.
Obama is the most fiscally irresponsible President ever.
He has spent more than all the rest combined!!!

AWESOME!!!!!

menmon
06-01-2012, 03:48 PM
This spending you credit him for was the making of many presidents. The only thing that you can hang around his neck is the stimulus.

road kill
06-01-2012, 03:50 PM
This spending you credit him for was the making of many presidents. The only thing that you can hang around his neck is the stimulus.


HAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!!

Stop, your making my sides hurt!!!

Are you here all week?
Should we tip heavily??

Franco
06-01-2012, 04:16 PM
I'd have to say that LBJ is our most fiscally irresponsible President!

Tax payers are still paying for his Great Society welfare program. What LBJ's program did was;
*rewarded many to sit and not work all the while the government would send them a monthly check
*by paying more for each child, this program subsidized the procreation of millions of fatherless children thus rendering millions more onto the welfare and food stamp rolls
*made Medicade a financial money pit

The Great Society (http://www.retrievertraining.net/wiki/Great_Society) legislation of the 1960s, for the first time a person who was not elderly or disabled could receive need-based aid from the federal government. Aid could include general Welfare payments, health care through Medicaid (http://www.retrievertraining.net/wiki/Medicaid), food stamps (http://www.retrievertraining.net/wiki/Food_stamps), special payments for pregnant (http://www.retrievertraining.net/wiki/Pregnant) women and young mothers, and federal and state housing benefits.[17] (http://www.retrievertraining.net/forums/#cite_note-.2770s_72-16) In 1968, 4.1% of families were headed by a woman receiving Welfare assistance; by 1980, the percentage increased to 10%.[17] (http://www.retrievertraining.net/forums/#cite_note-.2770s_72-16) In the 1970s, California (http://www.retrievertraining.net/wiki/California) was the U.S. state with the most generous Welfare system.[18] (http://www.retrievertraining.net/forums/#cite_note-.2770s_325-17) Virtually all food stamp (http://www.retrievertraining.net/wiki/Food_stamp) costs are paid by the taxpayers.[19] (http://www.retrievertraining.net/forums/#cite_note-nytimes_tanf-18) In 2008, 28.7 percent of the households headed by single women were considered poor.[20] (http://www.retrievertraining.net/forums/#cite_note-19) The poverty rate for single-mother families in 2010 jumped to 40.7% compared to 8.8% for married-couple families.[21] (http://www.retrievertraining.net/forums/#cite_note-20) California, with 12% of the U.S. population, has one-third of the nation's welfare recipients.[22] (http://www.retrievertraining.net/forums/#cite_note-21)

Franco
06-01-2012, 04:25 PM
No doubt he inherited a very bad financial situation from Bush. However, Obama has made it much worse.

My list of the worse three Presidents in the last 50 years;

1) LBJ
2) G W Bush
3) B H Obama

Marvin S
06-01-2012, 04:44 PM
No doubt he inherited a very bad financial situation from Bush. However, Obama has made it much worse.

My list of the worse three Presidents in the last 50 years;

1) LBJ
2) G W Bush
3) B H Obama

In only one case was there a better choice -
1) the country would be fundamentally different if Goldwater had been elected -
2) Bush - absolutely no choice as bad as he was the choices were worse
3) the defeat of a RINO by a candidate that was all smoke & mirrors may have been the best thing that happened to the country - if he gets beat this fall -

Franco
06-01-2012, 04:58 PM
In only one case was there a better choice -
1) the country would be fundamentally different if Goldwater had been elected -
2) Bush - absolutely no choice as bad as he was the choices were worse
3) the defeat of a RINO by a candidate that was all smoke & mirrors may have been the best thing that happened to the country - if he gets beat this fall -

1) No doubt about it, as a country we made a major wrong turn in 1964. Hopefully, one day we can recover from LBJ's folly.
2) I feel the same way about the coming election! I'll vote for dumb over dumber. One would think Americans are ready for some real reform. Apparently not.
3) If he gets beat is a huge "if". I've yet to meet the first person that is passionate about the thought of a Rmoney Presidency. Where are his workers, his supporters, his street team? Obama has a couple hundred thousand workers.

road kill
06-01-2012, 05:11 PM
1) No doubt about it, as a country we made a major wrong turn in 1964. Hopefully, one day we can recover from LBJ's folly.
2) I feel the same way about the coming election! I'll vote for dumb over dumber. One would think Americans are ready for some real reform. Apparently not.
3) If he gets beat is a huge "if". I've yet to meet the first person that is passionate about the thought of a Rmoney Presidency. Where are his workers, his supporters, his street team? Obama has a couple hundred thousand workers.

Yep, it's called DA UNION!!!!

Buzz
06-01-2012, 05:27 PM
Obama is the most fiscally irresponsible President ever.
He has spent more than all the rest combined!!!

AWESOME!!!!!


You need to read the Wall Street Journal on that.

Spending growth under Ohama has been significantly slower than under any other pres in like 50 years. What we have is a huge drop in tax receipts, lowest revenue compared to GDP in a long long time.

BonMallari
06-01-2012, 05:29 PM
how can you leave Jimmy Carter out of the top three worse POTUS in the last 50 years

Matt McKenzie
06-01-2012, 05:59 PM
You need to read the Wall Street Journal on that.

Spending growth under Ohama has been significantly slower than under any other pres in like 50 years. What we have is a huge drop in tax receipts, lowest revenue compared to GDP in a long long time.

And all you have to do to come up with that spending statistic is to exclude the porculus bill. Check it out.

Gerry Clinchy
06-01-2012, 07:04 PM
I've yet to meet the first person that is passionate about the thought of a Rmoney Presidency.

I really don't think that Obama supporters have the same passion as they had in 2008.

Franco
06-01-2012, 07:13 PM
how can you leave Jimmy Carter out of the top three worse POTUS in the last 50 years

Easy!

We are still paying trillions for social programs started by LBJ. His Great Society program grew poverty and the welfare class. One of our biggest problems today is the cost of Medicaid. Not only did LBJ grow poverty, he grew the explosion of unwed, fatherless homes because the government was willing to support it. Not to mention he escalated our involvement in Vietnam.

Bush43 spent like a drunken sailor, unfunded Medicare Plan B, two needless wars, thousands of needless American deaths and over a trillion spent on two countries that never asked for or wanted our help! Not to mention a couple of hundred thousand civillian deaths.

I'm not sure which one is worse!

menmon
06-02-2012, 06:43 PM
how can you leave Jimmy Carter out of the top three worse POTUS in the last 50 years

Carter was left with Nixon and Ford's mess, and took the blame. He was not as bad as people would like you to think.

Obama was left with Bush's mess. It is hard to fix these messes in 4 years.

See the republicans have painted the democrats with their mistakes very well I have to admit.

M&K's Retrievers
06-03-2012, 12:08 AM
Carter was left with Nixon and Ford's mess, and took the blame. He was not as bad as people would like you to think.

Obama was left with Bush's mess. It is hard to fix these messes in 4 years.

See the republicans have painted the/ democrats with their mistakes very well I have to admit.

Do people really do business with you?

zeus3925
06-03-2012, 12:14 AM
It is easier to expand older refineries than to get permits to build new ones. The lack of new refineries does not necessarily mean less product.

menmon
06-04-2012, 11:25 AM
Mike they do because I'm good at what I do. Over the years I have helped grow companies by financing their growth, then helped them cash out. Because of my experience, I advise them on good capital structures that don't let them get in trouble as well as M&A too.

Most of the smarter ones realize that the republican jorgan is just talk, too. They may vote republican but not for the reasons you do.

M&K's Retrievers
06-04-2012, 12:47 PM
No doubt he inherited a very bad financial situation from Bush. However, Obama has made it much worse.

My list of the worse three Presidents in the last 50 years;

1) LBJ
2) G W Bush
3) B H Obama

No list of the worst three Presidents cannot exclude Jimmy Carter while including Bush.

Franco
06-04-2012, 12:58 PM
Jimmy Carter didn't send over 8,000 servicemen to their deaths in two needless wars nor did Cater run up the debt like Bush! From unfunded Medicaid B to over a trillion in the two wars, Bush's follies will cost us for a long time. How mnay times did Bush have the debt ceiling raised? I'm not a Jimmy Carter fan but to be fair but, tell me where he was worse than Bush? Also, Carter never bailout his Wall St buddies like Bush because he didn't have any friends in Wall St.

Gerry Clinchy
06-10-2012, 08:10 PM
A Government Accountability Office director spoke to Congress last week about the opportunities and challenges of oil shale development in the U.S. (the date of the blod entry was 5/12/12)

Her testimony was based on a 2010 GAO report that found the Green River Formation -- a largely vacant area mostly of federal lands that covers where Colorado, Utah and Wyoming meet -- is estimated to contain up to three trillion barrels of oil -- trillion with a "T" -- half of which may be recoverable.

That is about equal to the entire world's proven oil reserves. The report noted the potential benefits of job creation and oil production, but cautioned that environmental risks cannot be ignored.



Not too long ago we were talking about oil supplies. I recall that back in March the POTUS had made a speech about how wrong it is of the US to use so much of the world's available oil, when the US reserves are so meager ... and it was urgent that we support green energy NOW. I am reminded of, "Run, run, the sky is falling!"

Yet, note, this report was from ... 2010. The POTUS statement I refer to is March 2012. I'd have to guess that the POTUS was privvy to this info before the reporter who had it on his blog in May 2012.

Why would everyone not be cheering and shouting the rooftops ... instead of spreading gloom & doom? This should give just the good "cushion" needed to truly develop innovations that could replace oil ultimately.

Occurs to me ... since oil is a world commodity & priced that way. If govt sells the leases to the oil companies based on world price, couldn't the revenue make a nice dent in the govt debt? Might not make for a dramatic decline of pump prices, but at least something good would come out of extracting this oil?

M&K's Retrievers
06-10-2012, 09:44 PM
Jimmy Carter didn't send over 8,000 servicemen to their deaths in two needless wars nor did Cater run up the debt like Bush! From unfunded Medicaid B to over a trillion in the two wars, Bush's follies will cost us for a long time. How mnay times did Bush have the debt ceiling raised? I'm not a Jimmy Carter fan but to be fair but, tell me where he was worse than Bush? Also, Carter never bailout his Wall St buddies like Bush because he didn't have any friends in Wall St.

Bush did not create the Departments of Energy, Education and Health and Human services.

Bush did not create the Windfall Profits Tax.

We did not enjoy 21% interest rates under Bush.

I'm pretty sure Bush didn't give away the Panama Canal.

Carter did aid in the birth of Al Qaeda and Iran as terrorists enemies by withdrawing support for the Shah of Iran thereby enabling Khomeini to take power. I believe Khomeini is credited with the deaths of 20,000 pro-western Iranians soon after taking power.

How did you like the gas shortages and long lines at the pump under Carter?

Oh, and how did you like the way he handled the taking of our embassy and the ensuing hostage crisis?

Jimmy Carter left the nation at the mercy of it's enemies at home and abroad.

I guess Carter can take credit for giving Ted Koppel a career.

Gerry Clinchy
06-13-2012, 09:40 PM
The United States of America runs on gasoline.

Learn it!
Love it!
Live it!

Until gas gets below $3 mark, economy stalls.
No whining or blaming.....just do it!!!

Discussion lately at OPEC is why the Saudis are pumping more oil than they're "allotment". The Saudis are saying that it's to help the world economy :-) Other OPEC members aren't too happy about it. Countries who depend on Iran for oil are happy since they're looking for alternative sources if sanctions on Iran get tougher. Donald Trump believes that Obama is getting a favor from the Saudis to drop gas prices by election time ... and if he gets re-elected the price of oil will go through the roof ... but we'll have to live with it for those 4 more years; with no motivation for the POTUS to do anything about it. (Trump mentioned this in an interview with CNBC News). Could make $4/gallon look like the "good ole days."

This scenario, which does not seem too far-fetched, could refute the claims that the POTUS cannot determine gas prices. Where there's a will, there's a way.

prairiewind
06-13-2012, 10:09 PM
This spending you credit him for was the making of many presidents. The only thing that you can hang around his neck is the stimulus.

Have you conversed with anybody working in the coal industry?

road kill
06-14-2012, 08:45 AM
Discussion lately at OPEC is why the Saudis are pumping more oil than they're "allotment". The Saudis are saying that it's to help the world economy :-) Other OPEC members aren't too happy about it. Countries who depend on Iran for oil are happy since they're looking for alternative sources if sanctions on Iran get tougher. Donald Trump believes that Obama is getting a favor from the Saudis to drop gas prices by election time ... and if he gets re-elected the price of oil will go through the roof ... but we'll have to live with it for those 4 more years; with no motivation for the POTUS to do anything about it. (Trump mentioned this in an interview with CNBC News). Could make $4/gallon look like the "good ole days."

This scenario, which does not seem too far-fetched, could refute the claims that the POTUS cannot determine gas prices. Where there's a will, there's a way.[/INDENT]
+2

Amazing, ain't it?
Also, if Trump is correct, Obama knows exactly what he is doing and why he is doing it.:cool:

menmon
06-14-2012, 11:31 AM
Trump is an idiot! Surely you don't put you faith in something this man says.

Saudi is producing more so that the world will not lift the sanctions on Iran, because they are worried about Iran. It does not matter who is president...come on...you know better.

BonMallari
06-14-2012, 12:14 PM
Trump is an idiot! Surely you don't put you faith in something this man says.

Saudi is producing more so that the world will not lift the sanctions on Iran, because they are worried about Iran. It does not matter who is president...come on...you know better.


I don't get it Sambo....one day you are touting the BHO bandwagon and then the next you are saying it doesnt matter who the President is...you like playing both sides

menmon
06-14-2012, 01:57 PM
In this case it doesn't. I just have to call fowl when someone starts saying that Obama and the Saudis are culuding to get him reelected!

huntinman
06-14-2012, 05:34 PM
In this case it doesn't. I just have to call fowl when someone starts saying that Obama and the Saudis are culuding to get him reelected!

foul....fowl is bird. colluding... I have no clue what culuding is:confused: For a big banker man your spelling is atrocious (bad)


Bon, you are right... Sambo argues with himself all the time...

Gerry Clinchy
06-14-2012, 05:46 PM
Trump is an idiot! Surely you don't put you faith in something this man says.

Saudi is producing more so that the world will not lift the sanctions on Iran, because they are worried about Iran. It does not matter who is president...come on...you know better.

It is also possible that the Saudis have both agendas in mind. Why not? Obama, himself, spoke about releasing strategic reserves to impact gasoline prices. So, it is not a far stretch to imagine some "help" from the Saudis on the gas prices. He may have told them (along with Putin) that he would have more flexibility after getting re-elected?

HPL
06-14-2012, 06:40 PM
foul....fowl is bird. colluding... I have no clue what culuding is:confused: For a big banker man your spelling is atrocious (bad)


...

I've noticed that too. Makes one wonder a bit.

menmon
06-15-2012, 10:27 AM
At least that is my only short coming...others can't say that

HPL
06-15-2012, 01:02 PM
At least that is my only short coming...others can't say that

I believe that Hubris (look it up) is considered a fairly significant flaw, often leading to a downfall, and if you think that your english shortcomings are the only ones you have, you are surely also guilty of hubris.

HPL

ARay11
06-15-2012, 01:46 PM
It is also possible that the Saudis have both agendas in mind. Why not? Obama, himself, spoke about releasing strategic reserves to impact gasoline prices. So, it is not a far stretch to imagine some "help" from the Saudis on the gas prices. He may have told them (along with Putin) that he would have more flexibility after getting re-elected?

classic!

now, if the saudi kids can get here before the age of 16 and wait until they are 30 to car bomb the crap out of us, they've really got it made.....