Unemployment drops again, 2x more new jobs v expected

How about since you are the one saying it happened, you do the research?

 

Oh and btw, Trump sold oil out of the SPR to China.

 

I have neither the time nor inclination to go back and read that dribble again. I just had a great cheesesteak at LaSpadas and do not want to bring it back up again.

Those who posted that crap know who they are, and at least one of them has been supporting the bullshit bill this week.

 

Good job headline but not real job creation. It is back to pre shutdown levels though. Real wages continue to crash, Main Street convinced recession is already here and manufacturing new orders has plummeted. 1/3 of small businesses could not pay rent in July in a survey from Alignable. It's going to get way worse.

 

My understanding is Trump proposed selling off half the SPR to go after the ballooning deficit. It was voted down in Congress. Biden sold it to China (our enemy and the country that infected us with Covid), a country that has a noose around his sons neck. The SPR is for international crises or natural disasters not bad energy policy. Biden is depleting our oil reserves and hurting U.S. national security, while China is adding to its national reserves by buying SPR oil from Biden’s Department of Energy and by also buying cheap oil from Russia.

 

Department of Energy Announces Contract Awards for Sale of Crude Oil from the Strategic Petroleum Reserve

MARCH 10, 2017 announcement of sales from the SPR to companies including PetroChina International.

 

Not close. Biden caused the problem to begin with. Now, we agree.

 

Since you are the only one saying Trump sold out of the SPR to China, prove it. Otherwise, I'm calling BS.

 

LOL! Sold as required by law with 10 bidders sharing in 10 million barrels sold. To compare this to the total of 230 million that Biden will have sold by the end of September is the height of lunacy. Trump wasn't president when that law was passed either:

The Department of Energy’s (DOE) Office of Fossil Energy today announced contracts have been awarded from the recent sale of Strategic Petroleum Reserve (SPR) crude oil.

A Notice of Sale for a price-competitive sale of up to 10 million barrels of sour crude oil was issued by DOE on February 21, 2017. A total of 17 companies responded to the Notice of Sale, submitting 129 bids for evaluation, with contracts awarded to the following companies:

• Atlantic Trading and Marketing, Inc.
• BP Oil Supply
• Marathon Petroleum Company
• PetroChina International (America), Inc.
• Phillips 66
• Shell Trading (U.S.) Company
• Valero Marketing and Supply Company

The awarded contracts represent a total sale of 10 million barrels of crude oil. Of this amount, 3 million barrels will be sold from the SPR’s Bryan Mound site, 2.1 million barrels from the Big Hill site, and 4.9 million barrels from the West Hackberry site. Deliveries will be scheduled to take place in May and June, with early deliveries in April accommodated to the maximum extent possible.

Under Section 5010 of the 21st Century Cures Act (Public Law 114-255), signed on December 13, 2016, the Secretary of Energy is directed to drawdown and sell 25 million barrels of SPR crude oil over three consecutive years, commencing with 10 million barrels this fiscal year.

The revenue from this sale will be deposited into the General Fund of the United States Treasury.

 

3 posts up is the link that proves it. Here I will copy and paste some for you.

A Notice of Sale for a price-competitive sale of up to 10 million barrels of sour crude oil was issued by DOE on February 21, 2017. A total of 17 companies responded to the Notice of Sale, submitting 129 bids for evaluation, with contracts awarded to the following companies:

• Atlantic Trading and Marketing, Inc.
• BP Oil Supply
• Marathon Petroleum Company
• PetroChina International (America), Inc.
• Phillips 66
• Shell Trading (U.S.) Company
• Valero Marketing and Supply Company

 

Biden caused the problem? Once again for the umpteenth time.
Special Report: Trump told Saudi: Cut oil supply or lose U.S. military support - sources
Oil Nations, Prodded by Trump, Reach Deal to Slash Production (Published 2020)
While production has been increasing every month in early 2021 ironically about the time Biden took office it still hasn't reached pre-pandemic levels.

 

The release of SPR oil was a great idea, adding oil to the world market when the price is high. Oil production is increasing, the price will come down, and the SPR will be restocked at a lower price. The US gov will make a profit on it. You right wingers hate it because it helps bring the current price of gas down and you don't want that. You want inflation to stay high.

 

Um, what is it about the phrase "lies, damn lies, and statistics" (with my addition) you don't understand?

How about these two ism's:

1) The fox is in charge of the henhouse.

2) Garbage in, garbage out.

Just because you have a rooting interest in your party of choice (or against the other one) does not mean we can merely shut off our brains. As an aside, I receive recommendations on YouTube from real scientists and medical doctors mainly involved in research. They all get to a similar place: they question the policies and statements by the CDC and the other hierarchy of medical institutions. The science (not an opinion) does NOT add up. And they slowly come to the realization that these "Noble Folks" have been hijacked by some pretty damn incompetent (at best) others. And they call for complete remediation. These are DOCTORS who are saying this.

How do you get to this state? You hijack a LOT of things and not just the medical institutions. At the top, you hijack the media so they are not going to investigate the billowing smoke on the horizon. I say "Mission Accomplished."

So, the CDC and the media is corrupted but the labor statistics are somehow spared? REALLY? As I said, garbage in, garbage out.

 

You should have kept reading. Post 166. The announcement of the sale of SPR oil through a competitive bidding process, with one purchaser being PetroChina.

 

No we disliked it because at the time our gas was $5 a gallon. And yes, we want inflation to stay high so we can pay more for our groceries, electric bill and liberal tears. We want to pay less for those things silly angry man. So that's good that oil production is up. Curious, with no new leases on federal land or at sea, where will we get our oil in 5 years? What is the plan for future consumption down the road?

 

Non-federal land? Existing federal leases?

 

TDS, I'm saying Biden has caused the current problem.

 

Good for your business.

It is NOT the rest of the country. It is WAY more complicated. It is no different than the difference between the finances of a certain company and the national economics. They do NOT translate directly. If you were in the workforce during the 90s (I won't go to the 80s) there was some REAL economic prosperity and real ideas of what you could do with your wealth (and acquire more resources via stealing talent) because you KNEW the country was in a growth period. Now I also knew the main reason for this was because us Boomers were hitting our stride and the old fogies were retiring. But the additional increases in materials demand hid the notion that the Boomers were, on a whole, not making the strides that their parents were making in the 50s and 60s. That was a HUGE economic wave and it will likely never be repeated. We just spent our way to prosperity.

 

Wow, just......WOW!

 

LOL! Posted most of the report in post 168 with comments. You should read more.