That’s not an “if p → then q” observation.
Besides, correlation doesn’t imply causation.
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Legitimately terrible.
You make all of us look bad
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That’s why I hope not many outsiders read Game Threads 
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I mean terrible thought processes in game threads is just a natural fan thing. But this there is time to read, digest, and think. And that’s still what was came away with, yikes.
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Actually it is.
Clearly fans like Johnny blame our President’s tariffs by saying they will lead to a Mafia-created Black Market. Thus they are evil. Literally tariffs create crime.
Of course the actual creator of Black Markets is scarcity. We had them during WWII when consumer production was shifted to War production. Consumer shortages everywhere. Enter Black Markets.
So where are today’s shortages? We see none in Retail Stores nor Grocery Stores.
Monceaux does not allow us to post our President’s name hereon. I recently was blocked from so doing. So another example of bashing him, with no facts to cite.
We consumers can substiture goods when we shop. Wife does it all the time at grocery store. If tomatoes from Mexico get too expensive either buy them less often or not at all. When they start rotting on the shelves the store will cut future prices. The exporter will then be forced to pay a tariff, not US consumers.
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It’s way too early in the tariffs to start seeing empty store shelves, shortages, etc.
Also, please avoid making this about a politician. Let’s focus on the issues. Y’all know the rules.
The exporter never pays the tariffs, it’s always the importer. That’s how it has to work because a tariff can only be assessed at the port of entry because there is no enforcement mechanism at origin, they can just say f off from their own country.
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Maybe some of it will be absorbed by businesses but certainly not all. It also depends on the amount. For example a 10% tariff may be absorbed but not a 50% tariff (it’s impossible).
Prices will go up with tariffs of this scale. They always do. US consumers will pay more.
And domestic producers are very likely to increase prices too.
You may think it’s worth it. But prices will go up. Even if you have to switch to something else, that thing will be more expensive than how much you paid before.
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Prices will go up on tariffed countries imports.
Some products will disappear from shelves eventually if tariffs remain in force.
The exporting country’s economy will slow. The importing country may as well. At least certain segments. That’s why restricting CDL drivers to reading English reduces the number of truckers benefiting US truckers. It may not pick up all the slack but it helps.
I heard some states weigh stations are testing English proficiency.
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Don’t remember saying that.
Not all truckers
This is actually a different thread, started to point out how dillusional that old thread was, who’s cheerleaders kept saying over and over doom was coming…all based on who was president at the time, not actual economic reasons.
Welp, now it’s actually coming, so of course they’re posting in this thread left and right how it’s not.
I’m just posting facts and predictions based on economic data I see. 27% overall tariff rate is going to kill our economy.
Also, Texas may be in for a bad time soon. Oil is going to open sub 60 tomorrow and may go down further. Opec is opening up their spigots.
Of course this may help ease a bit of the pain that is coming. But it won’t be nearly enough.
Someome help me understand if OPEC increases production and oil gets to or below $50 dollars a barel what is the impact on the permian basin drillers?
There won’t be much drilling going on. That’s above drilling breakeven for some producers. It depends on how much below $50 to know how bad it would be.
In any case, it will slow things significantly and hurt US producers in a big way. $50 or below is really bad for Permian (or any US basin).
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That doesn’t sound good for our energy independence.
Drilling? Except for Utah there is no E&P going on domestically. The work is for hydrogen, geothermal (minor amount), helium and carbon sequestration.
All the action is M&A collecting existing reserves.
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Yes, drilling. Not sure what you’re trying to say.
There is lots of drilling in the US.
Not really. Rig counts are down and dropping. Plus there is no new exploration (E& P) which generates new drilling. Part of it is from horizontal fracking which allows more access from one rig. However, it’s down this year and compared to 2011 almost 1/3
All my O & G stocks are down from their peaks. I dumped al my Canadian stocks when it was obvious which way the vote was going, It’s okay because I’m still in DRIP mode so cheaper prices with solid dividends creates more shares
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Drilling is going down with prices recently, related to more fiscal discipline longer term.
And we do a lot of it, tens of billions a year. There is also still a lot of proved undeveloped reserves left. The Permian has plenty of good inventory left and is years from a peak unless it is price related.
It will never be at 2011 levels. The companies are far more disciplined and efficient now. That doesn’t mean there isn’t a lot of drilling going on.
Exploration hasn’t been that significant for some time in the Permian. We’ve largely known what we’ve had in the Permian for decades. We just didn’t know how to drill in cost effective way until shale boom.
And E&P isn’t only exploration. It’s exploration and production. We may not being doing a lot of the former in US onshore basins, but we do a ton of the latter.
Not to mention the technology continues to evolve and improve.
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Drill baby Drill!
Somehow the low rig count will be blamed on the previous administration. Right? Those crazy green whackos!
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