Your stories don’t address gas production and what they all point to is how essential fracking was in getting us to energy independence.
The reason shale oil is suffering is because we are producing so much oil overall and the shale fields are only a small part of the total fracking equation.
Fracking has been used around here since the 70’s and what we’ve done with it primarily is to make deposits once thought played out more productive than they ever were originally in a lot of cases by releasing oil that was previously locked up in rock formations.
It also created a massive boon in gas production throughout the entire region beginning with the late eighties/early 90’s.
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Really low hanging fruit I guess
I originally included some quotes from the New South Wales’s chief health officer in one of the coronavirus threads. For convenience I have included them here as well. Note the 2.68 figure which relates to the number of people a single person could infect.
NSW virus ‘first wave’ may hit 20 per cent
By AAP15:16
Up to 1.6 million people in NSW could be hit by the first wave of a statewide coronavirus outbreak, health authorities warn, with up to 80,000 people likely to require intensive care simultaneously.
Chief health officer Dr Kerry Chant says preparations are underway for 20 per cent of the state’s eight million residents to catch COVID-19.
Dr Chant expects every person who becomes ill will pass it on to 2.68 others on average - although this could be reduced through self-isolation, social distancing and handwashing.
If the economy continues to slow down, there will be many wage earners whose income stops… but who will need to continue to consume food and medical services. A payroll tax cut will do nothing for those whose income stops, but some support for the consumption of necessities will be a dire need.
It makes Trump worshippers feel better.
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The economy was in free fall when Obama was elected. The collapse of the housing market occurred under President Bush. Over Obama’s eight years, the job market and stock market recovered and were on steady upward trends that continued in the first three years of the Bush presidency. So when you talk about the “Obama economy” are you talking about the dire situation he inherited from the Bush administration in 2009 or the humming economy he handed off to Donald Trump in 2017?
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Are you buying and selling the same stock on the same day more than 3 times a week? Pattern day trading requiring margin accounts is an SEC rule.
After last nights 10 minute ■■■■ fest they need something
WuWei
805
Trump gains? So back to which President’s level?
There are people that will not answer this honestly. They can’t help themselves.
I am talking about the Obama economy which had unemployment averages of 12 percent despite saying the stimulus would keep it at 8. A dow that never saw 20000. Obama’s economy was worse than a virus.
Strange, given that Obama lowered unemployment faster than Reagan and that Reagan had a higher UE number
Unemployment rose in the first year of Obama’s Presidency as the economy was already in a deep recession. After that it declined steadily, more steadily than it did under Trump. Similarly, the Dow rose under Obama at a faster pace than under Trump – no considered the 20% decline in the past month. Whether it reached 20,000 is irrelevant.
You can look at any one day and say things were bad on that day, but the only way to judge a presidency is on the presidency as a whole.
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obama had the slowest recovery.
Trump promised GDPs of 4, 5, and even 6%.
Not even close.
Now the Trump Recession is upon us and he’s on TV, uninspired, zero energy, blaming other countries for the virus spreading. All while he said last month that the economy is rocking and number of infected in US would be zero.
What an utter failure.
But, strap on that MAGA hat, it might protect you from the virus.
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WuWei
812
I agree, and only after it is over and has soaked for a while.
Excluding obamacare, the extrajudicial execution of US citizens and a couple of other things, Obama didn’t do horribly. In my view, his disregard for the Constitution when under pressure was his biggest flaw.
The job isn’t easy.
Unemployment peaked at 10% in October of 2009, before Obama was even sworn in.
Where in the hell do you get “averaged 12%” from??
“All we hear is, radio ga ga”
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@PeterGriffin did you type the correct year?
JayJay
816
Probably using “real unemployment” figures again…
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