$5 a Gallon Gas

**Section 120 View** · 01-21-2021, 11:25 AM

Thanks Joe.

**blah3** · 01-21-2021, 11:57 AM

But wildfires, flooding and hurricanes will stop. $5 per gallon is a small price to pay

**BuryRaven** · 01-21-2021, 01:37 PM

Originally Posted by Section 120 View

Thanks Joe.

It'll be interesting how this is spun. We became a net exporter of petrol late in 2018. If we reverse course does that indicate a new campaign in the mid east? Or simply accept import pricing? Interesting stuff.

**NCRAVEN** · 01-21-2021, 03:33 PM

Originally Posted by BuryRaven

It'll be interesting how this is spun. We became a net exporter of petrol late in 2018. If we reverse course does that indicate a new campaign in the mid east? Or simply accept import pricing? Interesting stuff.

We'll likely start importing more and our officials responsible for buying more will get kickbacks from those who we buy it from.

This is how the establishment class gets rich.

**pickles** · 01-21-2021, 05:24 PM

Originally Posted by BuryRaven

It'll be interesting how this is spun. We became a net exporter of petrol late in 2018. If we reverse course does that indicate a new campaign in the mid east? Or simply accept import pricing? Interesting stuff.

I know you're an economics guy so just want your insight here.

I've been telling people for almost a year now to buy Exxon. I've been buying it since the March dip and have quite a bit with an average price point of like $38. It's at about $48 now, and including the 10% dividend, I am quite happy.

However, I think my real profit is to come in the next few years. Even at $48 it is still half of its historic high; it's only about 60% of pre-pandemic levels.

I believe that Joe Biden is going to cripple American energy production, and I believe he is going to light the Middle East on fire, and I think Exxon is going to go back to recrod profits, just as they were in the aughts under similar circumstances.

Many people dispute this, telling me "that isn't how economics works." That under such circumstances Exxon will become less profitable.

So, what do you think?

**BuryRaven** · 01-21-2021, 07:42 PM

Originally Posted by pickles

I know you're an economics guy so just want your insight here.

I've been telling people for almost a year now to buy Exxon. I've been buying it since the March dip and have quite a bit with an average price point of like $38. It's at about $48 now, and including the 10% dividend, I am quite happy.

However, I think my real profit is to come in the next few years. Even at $48 it is still half of its historic high; it's only about 60% of pre-pandemic levels.

I believe that Joe Biden is going to cripple American energy production, and I believe he is going to light the Middle East on fire, and I think Exxon is going to go back to recrod profits, just as they were in the aughts under similar circumstances.

Many people dispute this, telling me "that isn't how economics works." That under such circumstances Exxon will become less profitable.

So, what do you think?

If we import more and go back to energy reliance outside of the US prices increase and are offset by being passed to the consumer. So uh thats precisely how economics work.

**CarrollCoRaven** · 01-21-2021, 09:26 PM

I was fortunate that my contract with my electric supplier expired 2 weeks ago, so I was able to lock in a 3 year contract extension with them at a set price. so it's Biden proof. Gasoline, on the other hand, not so much.

**pickles** · 01-22-2021, 12:25 AM

Originally Posted by BuryRaven

If we import more and go back to energy reliance outside of the US prices increase and are offset by being passed to the consumer. So uh thats precisely how economics work.

Further, isn't it likely that they'll be able to increase their profit margin simply when dealing with a more valuable/expensive commodity?

**BuryRaven** · 01-22-2021, 10:53 AM

Originally Posted by pickles

Further, isn't it likely that they'll be able to increase their profit margin simply when dealing with a more valuable/expensive commodity?

Of course, higher base equilibrium pricing results in a greater ability to increase margins naturally due to the price point and thorough inflated pricing due to a high value commodity. Essentially the higher price point of an item artificial profit margins can be created. This is what is called the name brand effect.

**Laxdad24** · 01-21-2021, 02:49 PM

Since this is the Arkansas posting site ....can we post any source for this or is it propaganda ?

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**Section 120 View** · 01-24-2021, 02:14 AM

Hey Laxdad24 have you done any reading the last few days to see why this was posted. Talk to the 11,000 union members now without a job.

**Laxdad24** · 01-24-2021, 03:59 AM

Originally Posted by Section 120 View

Hey Laxdad24 have you done any reading the last few days to see why this was posted. Talk to the 11,000 union members now without a job.

Obama screwed those guys first. Then Trump signed the bill because he has/had zero respect for the Environment and def none for the Natives in the area.

All in All I’m 50/50 on the deal anyway. I want the jobs ( although none past construction where guaranteed Union) but being an Outdoorsmen I’d also like to save a little Green for the future.

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