Originally Posted by
Beech Dude
Every President in history has said something offensive or in poor taste. No one is perfect. Im not defending Trump's tweets. I agree, hes an idiot most of the time with it and honestly we'd all be better off if he stopped. Head examined? Because I don't go into a tizzy over an asinine tweet or something an elected official said that could be offensive? Alright. Ill call a doc and ask him if being too mature can be cured.
But hey, Trump is the only politician to ever say something stupid, I forgot.
"I mean, you got the first mainstream African-American who is articulate and bright and clean and a nice-looking guy. I mean, that’s a storybook, man."
-- Former Pres. Joe Biden.
"Strategery." -- Former Pres. G. W. Bush
"I did not have sexual relations with that woman." Former Pres. Bill Clinton
[Mod edit] man, are you reading what you write? You equate calling for the extermination of an entire country's population with Clinton lying about getting a BJ?
Originally Posted by
OpieTaylor
The gulf coast supplies some of Caribbean and SA.
I wouldn’t examine it too closely because a lot of it is shipping efficiency during periods of tight margins.
20% SOH number is already dated because Saudi has a huge pipelines that can pump crude west across the country but it still needs to be loaded on ships, so normally cheaper to not pay to pump crude from one port to another port.
Please explain how 5m barrels per day shortage jumps oil to $200, when average consumption was 106m bpd @$60 per barrel.
There has never been a period in history where the world consumed 101m bpd at $200 price point index.
Like I wrote previously, we were down 20 mbd but production other countries have increased production to lower that to about 5 mbd deficit.
This has nothing to do with total consumption, because supply and demand were relatively equal before. Now, they are not. Of interest, just a 3 mbd deficit caused the huge price increase back in mid-2000s.
I'm not talking about the gulf coast, I'm talking about the west coast of the US, who get the lions share of their jet fuel from Korea. This is not just a Europe or Asia problem anymore.