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By jimjam
#15152174
the former president would spend his day passing out tax loop holes to billionaires, talk up the benefits of injecting toilet bowel cleaner as a means of curing covid, head out for a round of golf and, at day's end, open up the Artic National Wildlife Preserve to his Texas oil billionaire friends for oil drilling.

This new guy Biden will take some getting used to. We no longer have to spend the day being angry and depressed while listening to the media report who got fired by Fat Donald. :)
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By Scamp
#15152189
A new day... And liberals have stopped complaining about Trump. NOT. :lol:
By late
#15152191
Scamp wrote:
A new day... And liberals have stopped complaining about Trump. NOT.



Yeah, why would we complain about the destruction left behind by the worst president in American history...
By Istanbuller
#15152195
late wrote:Yeah, why would we complain about the destruction left behind by the worst president in American history...

What destruction?

It seems more like you are already making excuses for very likely future failures of this new administration.

I am hopeless that you will learn a lesson. We now see leftist populism goes unchecked. Biden's decision to cancel the pipeline project shows how US politics shifted to the far left. You can't see such a decision in another developed country.
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By blackjack21
#15152202
jimjam wrote:the former president would spend his day passing out tax loop holes to billionaires, talk up the benefits of injecting toilet bowel cleaner as a means of curing covid, head out for a round of golf and, at day's end, open up the Artic National Wildlife Preserve to his Texas oil billionaire friends for oil drilling.

Everybody knows pipelines are environmentally more sound, less risky and less expensive than using trains to transport crude oil. Cancelling a pipeline is exactly a kickback to billionaires (Warren Buffet) who own the railroads trafficking in petroleum. Further, Biden promises to cut my taxes by restoring SALT deductions. I wonder if he'll also repeal the $750k limit on mortgage deductions. What hasn't changed is that jimjam doesn't follow the money when the Democrats are running it.

jimjam wrote:This new guy Biden will take some getting used to.

Maybe for you. He's been in politics for 48 years now. He's not new, and there isn't a thing he will do that will surprise those who have followed his career.

Istanbuller wrote:Biden's decision to cancel the pipeline project shows how US politics shifted to the far left.

I respectfully disagree. This is more about forcing oil from Canada to be shipped on trains. So you look at who owns them (Buffet/Berkshire Hathaway) and who invests in them (public employee retirement systems), and it becomes very clear what's really going on. If the railroads had to cut their dividends and run leaner while safer, more environmentally friendly pipelines delivered crude at a lower price, they would make less money. The environmental cover has always been a very weak case. The other is that native Americans seemingly argue that the entirety of the Dakotas is a sacred native American burial ground, which is also a bunch of BS. Now that jimjam is committed to no longer following the money, that means you have to keep apace of that.
By late
#15152206
Istanbuller wrote:It seems more like you are already making excuses for very likely future failures of this new administration.



Maybe when Republicans stop sticking knives in his back..
By late
#15152210
blackjack21 wrote:

I respectfully disagree. This is more about forcing oil from Canada to be shipped on trains. So you look at who owns them (Buffet/Berkshire Hathaway) and who invests in them (public employee retirement systems), and it becomes very clear what's really going on. If the railroads had to cut their dividends and run leaner while safer, more environmentally friendly pipelines delivered crude at a lower price, they would make less money. The environmental cover has always been a very weak case. The other is that native Americans seemingly argue that the entirety of the Dakotas is a sacred native American burial ground, which is also a bunch of BS. Now that jimjam is committed to no longer following the money, that means you have to keep apace of that.



That oil is low grade crap. It won't get shipped down here. There is a decent chance oil prices will never recover to the point where refining it makes sense.
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By blackjack21
#15152216
late wrote:That oil is low grade crap. It won't get shipped down here. There is a decent chance oil prices will never recover to the point where refining it makes sense.

You said that last year when oil fell into the $20 a barrel range. It's obviously more than double that right now, because oil is priced in dollars and the government is printing money. Most of Canada's tar sands are shipped to the United States already. It just comes more by rail and shipping, and it's more expensive to ship it that way when you could pipe it. If oil stays North of $45 a barrel, that production will be restarting.
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By jimjam
#15152217
In 2018, Amazon paid $0 in U.S. federal income tax on more than $11 billion in profits before taxes. It also received a $129 million tax rebate from the federal government. So Amazon's lowest level worker paid more in taxes than the entire co...

The tax loopholes were written by the rich, the lower tax rates on capital gains was written by the rich, the benefits of owning several homes was written by the rich. The last tax law passed in 2017 was written by the rich. Why do you think elitist scum like Steve Mnuchin (net worth $300,000,000) was Treasury Secretary?

Image
Treasury Secretary Steven Mnuchin, right, and his wife Louise Linton, hold up a sheet of new $1 bills, the first currency notes bearing his and U.S. Treasurer Jovita Carranza's signatures.
By late
#15152221
blackjack21 wrote:
You said that last year when oil fell into the $20 a barrel range. It's obviously more than double that right now, because oil is priced in dollars and the government is printing money. Most of Canada's tar sands are shipped to the United States already. It just comes more by rail and shipping, and it's more expensive to ship it that way when you could pipe it. If oil stays North of $45 a barrel, that production will be restarting.



Your $45 price assumes a pipeline, other forms of shipping are more expensive.

That stuff is very low grade, most refiners are not going to want to spend money retooling so they can spend more money cracking.

It's just another Right wing fantasy.
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By blackjack21
#15152287
jimjam wrote:In 2018, Amazon paid $0 in U.S. federal income tax on more than $11 billion in profits before taxes. It also received a $129 million tax rebate from the federal government. So Amazon's lowest level worker paid more in taxes than the entire co...

The tax loopholes were written by the rich, the lower tax rates on capital gains was written by the rich, the benefits of owning several homes was written by the rich. The last tax law passed in 2017 was written by the rich. Why do you think elitist scum like Steve Mnuchin (net worth $300,000,000) was Treasury Secretary?

Like I said, you aren't getting a new day with someone who spent 40 years in the senate representing sub-prime credit card issuers and the Delaware chancery system for publicly-traded companies.

late wrote:Your $45 price assumes a pipeline, other forms of shipping are more expensive.

That stuff is very low grade, most refiners are not going to want to spend money retooling so they can spend more money cracking.

It's just another Right wing fantasy.

Crude is trading $52 a barrel. You said it would never happen. So maybe you're the one fantasizing. American refiners have more cracking capability than anywhere else in the world. What they have been doing is processing the heavy sour stuff and exporting light sweet crude from fracking operations. Do you realize that even a lot of OPEC nations don't process heavy sour crude? Some of them can't. Light sweet is much easier. Even with pipelines, you have to pre-process bitumen, because it will not flow at room temperature. The Trans-Alaska Pipeline System has two heat pipes per vertical support member, for example. Heavy sour crude trades at a discount for that reason, and that's a competitive advantage for the United States.
By late
#15152293
blackjack21 wrote:

Crude is trading $52 a barrel.



Canadian oil sand crude typically trades $10 cheaper.

Still below the break even point...

The quality of Saudi crude is such that they don't need work as hard to turn into the good stuff.

2 points, the new Covid variants are likely to depress demand soon. The other thing is that the world is starting to move past oil. Even if the price bounces back, it will likely be temporary. But don't let me stop you, Canadian tar stocks are dirt cheap. Go ahead, pig out.
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By jimjam
#15152314
blackjack21 wrote:Like I said, you aren't getting a new day with someone who spent 40 years in the senate representing sub-prime credit card issuers and the Delaware chancery system for publicly-traded companies.


WTF does this pee-pee shit have to do with Amazon paying zero tax on an $11,000,000,000 profit? or arguably the worst incompetent president in history ignoring infrastructure rebuilding and health insurance reform in favor of endless tax loopholes and reductions for billionaires? or increasing the federal debt by $7,600,000,000,000 to finance, among other things, billion dollar give a ways to greed freaks who have absolutely no need for a few more billion? or, one of jimjam's favorites …… "hey let's drill for oil in the National Artic Wildlife Preserve" ……. and ………… to numerous to mention.

You obviously are playing with a weak hand and "arguments" designed for trump morons.
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By blackjack21
#15152336
jimjam wrote:WTF does this pee-pee shit have to do with Amazon paying zero tax on an $11,000,000,000 profit?

Every company gets to write down their losses, including Amazon. So they were strategic about taking losses in the near term so they could write them off in the longer term. I totally get where you're coming from, but I didn't write those laws and Jeff Bezos is deeper blue than you could ever hope to be.

jimjam wrote:or arguably the worst incompetent president in history ignoring infrastructure rebuilding and health insurance reform in favor of endless tax loopholes and reductions for billionaires?

I've heard many compare him to the best president in their lifetimes. From my 87 year old uncle to Robert Barnes. Barnes and Trump know each other personally, and Barnes lets his post-Trump presidency criticisms out.



jimjam wrote:or increasing the federal debt by $7,600,000,000,000 to finance, among other things, billion dollar give a ways to greed freaks who have absolutely no need for a few more billion? or, one of jimjam's favorites …

yeah. right on.

jimjam wrote: "hey let's drill for oil in the National Artic Wildlife Preserve"

That's small potatoes to save the US dollar.

jimjam wrote:You obviously are playing with a weak hand and "arguments" designed for trump morons.

Listen to Barnes say about Trump that they way you get a job in the Trump Administration was to go up to Trump and slap him in the face. Trump had some genius instincts on a number of things, but he was neither an ideologue nor a manager. Yet, Barnes, with all his criticisms of Trump, still considers Trump the best presidency of his life. My 87 year old uncle feels that way too. As much as you pretend otherwise, you love the establishment. They are not popular now among the American people. Biden's inauguration was positively eerie.

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