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TheOracleOfBroMaha : Hilarious! Take a look at Blackrock (& Vanguard & State St). Saw 13 states sueing them re COAL price manipulation. )
Was thinking with swamp cleaning becoming a reality, Justice MAY finally have the balls to take these guys on. Either way that’s just my thought, I would bet the rumor mill starts churning & hopefully they bust these guys to pieces for once but I’d watch $Blackrock (BLK.US)$ AND all coal & EV ELSE to
SKYWalkers : actually Trump wants those countries that deal with US to buy oil and gas from US, great boom ahead for oil and gas companies even though price will drop due to over supply to the market, which will help to bring inflation down in US, as Trump promised: cheaper gas.
10baggerbamm OP SKYWalkers : that's not the primary reason for a boost in the economy.
lower oil prices itself does not directly lead to a boost in the economy.
lower oil prices does increase discretionary income. there's 100% correlation so if you put $60 worth of gas in your tank every week and now it's down to 45 you have $60 a month $720 a year that you can squander away on other things that is a boost to the economy yes but that's not how supply side economics works in its entirety.
the main economic advantage from drill baby drill is what's called velocity of money.
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10baggerbamm OP SKYWalkers : pt 2 the United States is buying oil from other countries when you fill your tank up with gas that money goes overseas instantly because it's used to buy that oil only a small percentage of that money would stay within the United States.
when you are the producer the refiner and that oil is made in the USA refined in the USA distributed throughout the USA when you fill your tank up and it's now gone from the same example from $60 to $45.
now that money stays in the United States so that company which ordinarily would have shipped it overseas is now making further investments in the United States hiring more people paying people salaries they in turn take that money and buy goods and services made in the United States and the more times this happens that same dollar goes around and around taxes our generated and the federal government and the state governments get those taxes because that money is going around multiple times before it is pulled from the cycle and what do I mean maybe at some point in time some shit is bought and the good or services manufactured overseas at that point the money exits the cycle and it goes to China or whatever country. or maybe at some point in time somebody stop spending and puts it in the stock market or savings account at which point it exits that cycle.
so the whole idea of supply side economics (lower taxes) and using the resources within the United States which is oil the reserves is keeping the money in the country because the longer it stays the more cycles the more taxes that are generated that supply side economics that's velocity of money.