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Thread: BREAKING: Missiles fired from Iran to SA oil fields

  1. #111
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    The US does not "have to" defend KSA.

    The one's who "have to" are the beneficiaries of the flow of KSA oil. EU, Japan, India,etc.

    The US has energy autarky.

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  3. #112
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    Quote Originally Posted by Taxcutter View Post
    The US does not "have to" defend KSA.

    The one's who "have to" are the beneficiaries of the flow of KSA oil. EU, Japan, India,etc.

    The US has energy autarky.
    Yet gas prices have jumped. A LOT!
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    Quote Originally Posted by Knightkore View Post
    Yet gas prices have jumped. A LOT!

    I keep thinking they will raise them substantially in my area (sac area), so far they haven't
    James 1:19 says, "Let every man be swift to hear, slow to speak, slow to wrath." Being “slow to speak” is the exact opposite to speaking pressingly or with urgency. Practically speaking I believe its all about getting into the habit. Wait before you speak and consider the effects of what you are going to say. Then, if you don’t have anything to say that is constructive or edifying, don’t say anything at all!

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    We have defense agreements with SA; whether or not those in the fever swamps like that or not is irrelevant, we honor our agreements, which is why we have more allies than everybody else does and why the Democrats are pandering to Red China and Iran both, via Obama and currently encouraging them to bait Trump. They want to screw up the ARAMCO IPO coming up and cripple SA's economy. That is not in our interests at the moment, and neither is tossing an ally under the bus a good idea, never is. If you're scared of the Big Bad Mullahs and they make you piss yourself, just self-deport to some country that isn't a target and whine from there.
    Last edited by Oberon; 09-21-2019 at 02:32 PM.

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    Gas prices are cheaper than they were in 1972, in fact gas is less than 10 cents a gallon in 1972 dollars. Let me know when it hits 10 dollars a gallon, or about 40 cents a gallon in 1972 dollars.
    Last edited by Oberon; 09-21-2019 at 02:37 PM.

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    iran sells it rationed at 25 cents a gallon. then everyone steps on it before selling it to the kurds to be backpacked across the border.
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    Quote Originally Posted by Oberon View Post
    Gas prices are cheaper than they were in 1972, in fact gas is less than 10 cents a gallon in 1972 dollars. Let me know when it hits 10 dollars a gallon, or about 40 cents a gallon in 1972 dollars.
    Wishful thinking - That will NEVER happen
    James 1:19 says, "Let every man be swift to hear, slow to speak, slow to wrath." Being “slow to speak” is the exact opposite to speaking pressingly or with urgency. Practically speaking I believe its all about getting into the habit. Wait before you speak and consider the effects of what you are going to say. Then, if you don’t have anything to say that is constructive or edifying, don’t say anything at all!

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    Quote Originally Posted by heyslick View Post
    Wishful thinking - That will NEVER happen
    What will never happen? Gas is cheaoer now than it was in 1972. Do you mean hit $10 a gallon? It's been a lot higher than that in the past in inflation adjusted dollars.

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    Quote Originally Posted by Oberon View Post
    Gas prices are cheaper than they were in 1972, in fact gas is less than 10 cents a gallon in 1972 dollars. Let me know when it hits 10 dollars a gallon, or about 40 cents a gallon in 1972 dollars.
    Where do you get those 1972 dollars? How much do you have to pay for a 1972 dollar?
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    Quote Originally Posted by Dan40 View Post
    Where do you get those 1972 dollars? How much do you have to pay for a 1972 dollar?
    I use inflation calculators based on real prices for real goods, not the government's scam, which includes ludicrous claims involving personal computer prices and other dumbass rubbish; they have vested interest in grossly under-reporting inflation. I prefer the gold standard for my own personal calculations, though with a baseline discount to cut out temporary speculative bubbles distorting prices. I also use Shadowstats. com's inflation data and Seeking Alpha's, which use a range of calculators using a several methodologies. none are perfect, but all are far better than the government's and Wall Street's ridiculous fake numbers. Between all these I can arrive at some rough numbers close to reality so I can get an idea of where my hedges stand in relation to holding their values. I use 1972 dollars because that year precedes the beginnings of the oil crisis years and the global food shortage of the 1970's, while still accounting for the compartively minor infaltion caused by the Cold War, in part because of the Viet Nam War years, and that's when I first started buying gold and other stuff and needed to keep accurate accounts of their rises and falls. My two sons and daughter use the early 1990's for their base accounting years. My current rough rule of thumb is divide current prices by 25 to 30, and tweak from there; not all of it is aresult of huge money supplies but also some decades of improved transportation and mass production efficiencies. Fuel costs and other costs are dirt cheap realtive to 1972, but wages are even cheaper, around 30% of 1972 wages, hence the false appearance of 'high prices'.
    Last edited by Oberon; 09-26-2019 at 12:13 PM.

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