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Oil and Gas

Discussion in 'Too Hot for Swamp Gas' started by G8trGr8t, Oct 5, 2022.

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  1. Apr 4, 2023 #241
    G8trGr8t

    G8trGr8t Premium Member

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    considering that everything we touch is transported by truck and so much is made of oil based products that even extra revenue from exports would seem to adversely impact the economy.
     
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  2. Apr 4, 2023 #242
    l_boy

    l_boy 5500

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    it increases cost on one side and increases profit on another. Crudely it’s a wash.
     
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  3. Apr 4, 2023 #243
    G8trGr8t

    G8trGr8t Premium Member

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    except profit is concentrated while costs are spread out and impact inflation. additional profit does not offset inflationary pressures
     
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  4. Apr 4, 2023 #244
    exiledgator

    exiledgator Gruntled

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    Crude-ly? Stop it, dad
     
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  5. Apr 4, 2023 #245
    l_boy

    l_boy 5500

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    not following
     
  6. Apr 4, 2023 #246
    DesertGator

    DesertGator VIP Member

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    Crude? Oil? Dad joke alert!!
     
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  7. Apr 4, 2023 #247
    l_boy

    l_boy 5500

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    In the short term there will be some inflation impact. But if the price rise is lasting, domestic oil production will increase, and consumption will slightly decrease. The net impact to the economy is modest, but sure some people are impacted more than others. For those that have 401ks or stocks the share price appreciation of the energy companies is non trivial.
     
  8. Apr 4, 2023 #248
    l_boy

    l_boy 5500

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    Oh shit - didn’t even realize I did that.
     
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  9. Apr 4, 2023 #249
    DesertGator

    DesertGator VIP Member

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    That just makes it funnier! :D
     
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  10. Mar 18, 2024 #250
    oragator1

    oragator1 Hurricane Hunter Premium Member

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    • Like Like x 1
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