Notifications
Clear all

Economic red meat

37 Posts
11 Users
0 Likes
4,530 Views
OriginalGoober
(@originalgoober)
Noble Member
Topic starter
 

Less regulatory burden, a very pro-energy (American) stance, influence on OPEC policy, the strength of the American dollar. Do you need more?

 
Posted : January 10, 2019 8:16 pm
Bhawk
(@bhawk)
Famed Member
 

Google is your friend.

 
Posted : January 10, 2019 8:19 pm
OriginalGoober
(@originalgoober)
Noble Member
Topic starter
 

No, my own thoughts. Feel free to quote them.

 
Posted : January 10, 2019 8:22 pm
JimSheridan
(@jimsheridan)
Noble Member
 

Since Google was suggested, I will bite:

"Low demand for gasoline this winter has helped total domestic gas stocks grow, causing pump prices to drop." That is according to AAA - https://gasprices.aaa.com/gas-stocks-surge-as-demand-remains-low/

___________________________________________________________________________________

"Energy experts say the decline in prices is largely motivated by market forces outside the president’s control. But experts attribute at least part of the recent drop to the Trump administration’s decision to soften hard-line sanctions against Iran — allowing waivers for eight countries to buy oil from Iran.
Blaming or crediting a president for rising or falling gasoline prices is a regular, bipartisan political ploy. In May, we wrote that Democratic Sen. Chuck Schumer placed too much blame on Trump for rising gasoline prices at the time. President Barack Obama also found himself a frequent target of partisan attacks for rising gas prices.
Experts say those kinds of attacks hold little merit, as a president’s influence doesn’t drive gasoline prices. And that’s largely true now. But Trump has also been “uncharacteristically involved” in matters relating to oil, as one expert put it to us, and could arguably have had marginally more influence than past presidents."

https://www.factcheck.org/2018/11/is-trump-responsible-for-falling-gasoline-prices/

OK, so the argument is that we should be glad that the Pres has softened sanctions against Iran, because we'd rather have cheap gas than sanctions against Iran. Do you buy that?

_____________________________________________________________________________________

"Gas prices are moving lower for one simple reason. The price of oil continues to fall, thanks to rising production and falling demand.
Building stockpiles
The Energy Information Administration (EIA) reports U.S. oil supplies rose for a 10th straight week, increasing to 450 million barrels. This week's EIA report shows oil stockpiles are about 7 percent higher than the five-year average for this time of year.
“Growth in global crude production, including in the U.S., combined with weaker than expected global crude demand for the fourth quarter have helped to push crude prices lower,” AAA said in its latest market update."

https://www.consumeraffairs.com/news/gas-prices-close-to-a-2018-low-113018.htmh

So, rather than off-the-cuff guesswork, there are 3 sources weighing in. To what extent you give all the credit to Trump or less to Trump is a test of your political leanings.

 
Posted : January 10, 2019 10:24 pm
nebish
(@nebish)
Famed Member
 

One of the quotes there by Jim cited EIA data. I just wanted to say that EIA data is outstanding!

Here, I wanted to chum the water on the economy a bit:

Manufacturing industry posts biggest annual job gain in 20 years

The manufacturing industry posted net job gains of 284,000 over 2018, capping its best calendar year since 1997.

A priority for President Donald Trump, manufacturing saw marked hiring in December with an additional 32,000 jobs. Most of the gains occurred in blue-collar durable goods manufacturing, with growth in fabricated metals and computer and electronic products, the Labor Department said in its release. The definition of durable goods is items with a life expectancy of three years or more, such as automobiles, furniture and machinery.

Manufacturing added 207,000 jobs in 2017.

https://www.cnbc.com/2019/01/04/manufacturing-posts-best-calendar-year-for-job-gains-since-1997.html

That is pretty outstanding for just two years; 491,000 job growth in the manufacturing sector '17 and '18. The same numbers can be found in the bls report - https://www.bls.gov/web/empsit/ceshighlights.pdf

 
Posted : January 10, 2019 10:36 pm
Bhawk
(@bhawk)
Famed Member
 

No, my own thoughts. Feel free to quote them.

No, I meant the other way around.

 
Posted : January 10, 2019 11:39 pm
BoytonBrother
(@boytonbrother)
Member
 

No, my own thoughts. Feel free to quote them.

LOL!!!! Yeah SURE it was. With that stellar education and degree in business? Please.

 
Posted : January 11, 2019 7:41 am
Page 2 / 2
Share: