Oil Finally has a Friend in the Whitehouse

By oldedude

April 4, 2025 7:04 pm

Category: Dinosaurs

(0.0 from 0 votes)

Contrary to what the MSM is saying, things are happening. I'm sure this will show itself in a couple of weeks. Let's see... eggs are down, oil is down. pedojoe couldn't do it in four years... jussayin...

Oil prices drop to lowest levels in three years
The price of oil in the global market plunged further Friday morning to the lowest levels since 2021.

Just after 11 a.m. EST, both international and domestic benchmark oil prices had dropped by around 8%, inching closer to $60 a barrel. Brent Crude had fallen by 7.93% to $64.58 per barrel, and West Texas Intermediate had also dropped by 8.71% to $61.11.

The plunging prices come on the heels of the Trump administration’s sweeping tariffs announced Wednesday, which included a baseline 10% tariff on all exports to the United States, with minimal exceptions, and higher tariffs on nations with large trade surpluses with the U.S.

China announced retaliatory tariffs on the U.S. Friday morning, saying it would impose additional tariffs of 34% on all U.S. goods starting April 10.

Analysts have indicated that the escalating conflict between the U.S. and foreign nations over tariffs is further propelling the market to a global trade war, which will curb economic growth and demand for energy, putting downward pressure on prices.

While energy and energy products were largely spared from the Trump administration’s tariffs, some experts have indicated the industry will still feel the effects of the levies.

Cited and related links:

msn.com

Comments Start Below

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Comments on "Oil Finally has a Friend in the Whitehouse"

by Donna on April 5, 2025 9:19 am

Meanwhile, China looks to the future and takes over the renewable energy industry, while Trump shuns it.

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by Indy! on April 5, 2025 9:26 am
Oil Finally has a Friend in the Whitehouse

Someone needs to turn off Fox and rejoin reality. The notion is ludicrous at face value. Every president since the invention of the combustion engine has bent the knee for Big Oil. Even your favorite colleague...

What Biden’s oil record means for the industry’s future

President Joe Biden entered the White House promising to end drilling on public lands. Instead, he presided over a record boom in U.S. oil production.

His Interior Department, which oversees the federal oil program, outpaced the Trump administration in approving new drilling permits.

More at source...

eenews.net

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by HatetheSwamp on April 5, 2025 9:28 am

Wow. Donna pasting from The WASHINGTON EXAMINER! Say it ain't so, Joe!

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by Indy! on April 5, 2025 10:02 am

It aint so, Joe - where did you hallucinate that one? 😂

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by HatetheSwamp on April 5, 2025 10:24 am

Read the article.

Oil prices drop to lowest levels in three years
Story by Callie Patteson, Washington Examiner

If Donna'd known, I'm sure the article wouldn't have made it to SS. Donna will probably run off and take a long shower.

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by Indy! on April 5, 2025 11:17 am

"By Heather Richards | 05/13/2024 06:48 AM EDT"

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by meagain on April 5, 2025 1:02 pm
Oil dropping is because of the enemy in the White House, not a friend. Prices are set worldwide, not by America and the drop is entirely because of the looming drop in demand as businesses shut down and people lose their jobs. It is devastating for the industry that will not make profits at these levels.

An unintended consequence is that the drop in demand and the slowdown of industry will slow the emission of Greenhouse gases: the opposite of what Trump plans.

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by oldedude on April 5, 2025 1:19 pm
There are two points to this. The first are the jobs that ceased to exist under pedojoe in the oil industry. Most of these were roughneck jobs. Hard work, but with health and many other great benefits. Many of those in our Northern Tier were Native Americans, who really needed those jobs.

The second part is the oil per se. I agree with Qaboos bin Said, the former sheik of Oman. He told his people that oil will not last forever. So if you "depend" on oil for a living, create something you can do in Oman and help yourself and the country. Oman has a great tourism industry and has started producing dates, etc for export.

The idea is that fossil fuels will not last forever. You and I both know that. I think it's a way to bridge the gap right now until we can produce fuel instead of pulling it out of the ground. I also know we're not ready for that. I also think that many petrol companies are the one's searching for that source because their lives depend on it.

My bet is that when that source is found, it'll make solar, hydro, and wind sources obsolete and wasteful. I don't have a clue what that is, but I'm not an expert in that field.

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by Indy! on April 5, 2025 1:32 pm

Solar is a fuel. You just can't wrap your head around anything that doesn't involve gas stations and jobs for people with skills that go beyond digging stuff up out of the ground. The sun will last until the end of time on Earth and provide enough energy (read: "fuel" 🙄) for every living being at a very reasonable price... as long as we keep moving forward with tech and other ways of capturing that FREE "fuel".

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by oldedude on April 5, 2025 1:49 pm
What you chose to ignore (as usual)🙄, is that I think the next generation of the alternates now will show themselves to be far more effective as the those used now. Yes, solar IS producing energy. Maybe the next generation will create far more energy than that.

Kind of like computers, where in the early days of computers it would take a room of what can fit on a cell phone now.

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by Indy! on April 5, 2025 3:10 pm

The sun is the largest and most reliable source of energy on the planet. It is available to everyone regardless of their location or class. Whatever it is you are imagining is probably not going to come anywhere near replacing it.

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by oldedude on April 5, 2025 5:05 pm
So you're saying our technology is at its limit? That's like saying a model "T" is still the ultimate vehicle to drive from coast to coast. You put limits on what can be imagined. As an "artist," you ought to be ashamed of yourself.

I believe that humans will keep creating. If that's using a button-sized piece to gather enough energy for a whole office building, or new forms of recycling that actually produce our fuel. Both are technologies of what humans can do.

And yet again, you're arguing a word or two out of a complete post just to argue.

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by Indy! on April 6, 2025 7:25 am

No, I'm saying it's not at it's limit - I've been saying that since you were claiming solar wouldn't never work 20 or 30 years ago because Fox told you oil was the only answer.

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by meagain on April 6, 2025 8:14 am
There will be no superior replacements for wind and solar imaginable. There are other forms of renewable energy but all are more costly to produce. They are also already being developed where they can be usefully employed.

Any technological advances will be in wind and solar and they are happening all the time. Paper thin solar panels on windows. That kind of thing. Today's wind and solar are vastly more productive than they were 20 years ago through technological advances.

Waiting for something is not an option. You have young grandchildren, OD. The world they will experience as adults will be nightmarish as it is. Not going all out on wind and solar now will make it a living Hell. It is already warmer than it has been in at least 125,000 years. Another 2 degrees Celsius will pass the point where humans cannot survive: to the climate of more than 3 million years ago.

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by oldedude on April 6, 2025 8:47 am
You haven't read many of my posts, have you. You may read princess's posts and go with that. Poor choice. It's as bad as you are. Actually read posts #8-12. I am very clear in supporting aggressive research that counters to petro chemicals Can we eliminate? don't know, I (for one) am not a chemical engineer.

NEVER, EVER have I said or wanted to stop the aggressive technology race for better energy. I've always made it a point that petro products are in most everything you have in your house, car, at work, and just in your daily life. Most of the clothes you wear have some sort of petroleum product in them. These are things we have to change.

"There will be no superior replacements for wind and solar imaginable. There are other forms of renewable energy, but all are more costly to produce."

That's my point, you have no imagination except what's in your shallow, meaningless life.

So please read my posts, Where did I say I was "Waiting for something" to just appear out of magic. And you saying that we are at the end of our technology inventions is you living under a effing rock and whining like a little girl that the sky is going to fall tomorrow.

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by Indy! on April 6, 2025 9:21 am

My 6th grade science fair project was on solar power. We had solar panels on our house in the mid-70s. Jimmy Carter put solar panels on the White House. I have no doubt you were pooh-poohing the technology as late as the 2000s, Odorous because that is who you are - another Fox clone repeating whatever inanities find their way into Sean Hannity's tiny, walnut-sized "brain".

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by oldedude on April 6, 2025 9:53 am
You went to 6th grade😱? How many times? Is that where you got you HS diploma?

First, you're the one that has ZERO imagination. You can't think out of your pathetic, shallow life doing what mommy says while you're under daddies skirts.

I NEVER said solar was bad. At all. As a matter of fact, I used solar as my example of what possibilities that may produce more power than what we realize now. You are arguing about something I didn't say that you made up and are lying about.

What I'm saying is that is ONE thing out of millions of ideas. There's "NuCycle Energy" in Plant City, FL that takes the commercial trash that "recycle"(which is a joke in the US) won't take. They shred it (yes, cardboard, wood, small amounts of aluminum, mylar, etc. and send it to a formally cement plant. Why didn't you think of that?

So since you both can't see anything else except for solar (which as everyone knows has limitations right now), you two "boys" ought to step aside and let the adults figure it out.
baynews9.com

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by Indy! on April 6, 2025 10:04 am

Got news for you, Old Dud... Not only did I never have to repeat a grade, I finished in the top 5% every year and at every school I attended. That's why - unlike you - I didn't need a gov't job that didn't require any thinking beyond "yes sir, no sir, thank you may I have another, sir" like you did.

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by HatetheSwamp on April 6, 2025 10:20 am

Oy, Indy. That other 95% must have been, as po'd say, EFFINstoopid. (You invited that one.)

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by Indy! on April 6, 2025 10:33 am

Believe whatever makes you feel good, Brown Shorts but the first test of intelligence is being prone to racism and bigotry. If you fail that one you're not even in the game. Which, of course - eliminates you. 😘

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by HatetheSwamp on April 6, 2025 12:07 pm

Wow. I'm stoopid? You takin po's sanctimony seminar? I hear it's top shelf.

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by meagain on April 6, 2025 1:15 pm
You are an idiot, OD, and your post is not an answer to mine. You can imagine yourself into an asylum for all I care, but imagination will not stop it from getting hot.

Oil and the right wing have been preaching that we will "technologise" ourselves out of the for the last 40 years. And all we have is the wind and solar that, like you, they say has limitations. Well, it does not have limitations. It is all there is and it is taking over the world but not fast enough to prevent greater disasters than we are already experiencing.

There are only a few years left before it will be too late to avoid catastrophe. A few countries are moving fast. China, the UK, and a few smaller ones. The USA was on the way and Biden's Inflation Reduction Act would have put it with the best. The US, in itself, does not make a lot of difference since several states are acting independently but, it sets an example that tells others not to bother.

Nattering about little examples of recycling means nothing. I can tell you about a lot of big ones. Turbine blades, a big drawback in the past, are now being crushed and mixed with concrete. Solar panels can now be 100% recycled.

Recycling is not the issue. Great if we can but the warming has to be stopped whether we can or not. What we can't recycle is burned coal or gas. We don't need to 'recycle' the wind or the sun.

The world is in crisis now. There is no in=magining the way out. We know what it is.

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by oldedude on April 6, 2025 2:01 pm

OD, and your post is not an answer to mine.
I saw ranting. There was no question mark in the post.

I did remark on, "There will be no superior replacements for wind and solar imaginable. There are other forms of renewable energy, but all are more costly to produce."
I answered, "That's my point, you have no imagination except what's in your shallow, meaningless life."

wrongagain- my critique stands as it does with princess.

Tell me when I said that I didn't like solar. Neither of you can say that truthfully. AGAIN, I used solar as my definition of what can be used faster, better, smaller with more power. I am ALL for using it. AND it's not an "end all" that you two aphantasic's believe. There are places that don't get enough sunlight to use that as the "only" fuel source. THAT'S why I say we need a well- rounded energy plan with lots of new technology that can help us solve this problem. So both of you- Please correct your cranial/rectal inversion and actually read.

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by Indy! on April 7, 2025 9:51 am

No one said it was the "ONLY" fuel source (wind, hydroelectric, advancements in solar requiring less sunlight, etc...). You throw that in there because you can't address the real issues.

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by meagain on April 7, 2025 10:07 am
You did say you don't like solar. Saying we need something better is the same thing.

My bet is that when that source is found, it'll make solar, hydro, and wind sources obsolete and wasteful. I don't have a clue what that is, but I'm not an expert in that field."

Your eristic 'argument' is typical of you. You deflect to to meaningless contradictions becsue you cannot answer - and did not in this instance.

Nothing can be better than free fuel that is also clean and will never be depleted.

Wind and solar are the ultimate. Fusion may become possible, but even that will be useless in remote and thinly populated areas. Wind and solar will also bring that power to regions that large plants of any kind can never service. Already are, in fact.

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by oldedude on April 7, 2025 10:26 am
I'm going to disagree with you. If you look at the next paragraph, I used solar as my example. I have solar on my land. I get paid back by the electric company every year. So I'm actually making money on something I hate? No. I am saying that we don't have a clue on what they're working with right now. Those three may also be great in the future. I don't know. You don't know. I'm open to the ideas they create and are very open to possibility it's something outside our present thinking. (the inclusive) You're not.

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by Indy! on April 7, 2025 11:21 am

Ummm... OD? That paragraph is the last paragraph in that post. IOW - nothing comes after it.

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