http://www.businessinsider.com/iea-oil-market-report-for-september-2016-2016-9
27 replies (most recent on top)
It's obvious to many that Dr. King represented the views of the Republican party, which was the party that ended segregation. The democrats have historically been the party who held blacks down and do not treat them as equals, having equal intellect and value to society as whites. The Democrats think that it is better to give them handouts and keep them voting democrat. The republicans would rather give them dignity, independence, self-respect and jobs. To be treated no different than anyone else. Welfare and entitlement junkies, both white and black, have a hard time understanding this and many never will.
@dnof - ?? I was disputing the claim that MLK was a Republican, not arguing that he was a Democrat. I even specifically referenced the post in which it was claimed. I don't see where anyone claimed he was a Democrat. As the quotes I reference make clear he considered himself neither. What's your point?
"nor a Democrat", dqyt. You forgot to tack that bit on to the end of your post. ...or did you leave it off intentionally?
@dknd - Well, you and Google don't appear to be on a first name basis either.
MLK Jr. was not a Republican, that's just something that the right likes to repeat as though it's a fact. King's niece, who is a conservative activist made the claim once, but there is no evidence that he considered himself a Republican and everyone else close to him, such as his son, and those who have studied his life extensively say he was not fond of either party. Here's a sampling.
"Dr. King never believed in any kind of party identification. He never allowed himself to become closely aligned with partisan politics. He occasionally said that that both the Democratic and Republican Party had betrayed his people." Rev. Lewis Baldwin, a historian and authority on King.
"It’s simply incorrect to call Dr. King a Republican.” David Garrow, writer of a Pulitzer Prize-winning biography of King.
http://www.cnn.com/2016/01/15/us/mlk-myths/
http://www.politifact.com/texas/statements/2011/jan/17/raging-elephants/houston-group-says-martin-luther-king-jr-was-repub/
And, of course, it is important to realize that in King's time, the Democrats represented many racist southerners ("solid South") who are now Republicans, and that the Democrats were also the party of war (Lyndon Johnson & Vietnam), which is why he did not care for the Democrats or Republicans of his time. In any case, there is no chance in hell that he would consider himself a Republican today.
-dfcx, Wow, just catching up, dear? Google is your friend.
Martin Luther King and Abe Lincoln were both great Republicans. Write that down while you're learning.
Trump is with the Trump Party. Always was and I'm with him. Out Dems and Out Republicans. In Trump.
Trump switched political parties. Talk about the ultimate flip-flopper.
Just watched Clinton Cash..These people are pure evil.
-6fyh: Clinton is no saint, but their is a dedicated right focused on exaggerating any errors. Given that nothing you post below can be taken out of context. Example: "accepting funds from ... those who do not have equal women's right", yes, sure, Saudi Arabia leaps to mind (but the both Bush and the Scrub took large payments from the Saudis as speaking and consulting fees ... rather a normal way ex-pres. cash in after leaving the office). Change her views, like on abortion"... (that is not true).... "and same-sεx marriage" (that is true, but she's hardly alone on that one...and about time!)". There are good reasons to be against Clinton (she is a high tax, big government liberal without question). Given this is not the place, I will not even start in on Trump, other than to say I really am worried he might blow up the planet (figuratively in terms of world politics, and very possibly literally).
-6oha: yes I am a liberal... what's your problem? All these totally unrelated references to nazi sympathizer and other prepubescent insults. Then this long list of fanticy reality statements about Clinton. Reasonable people on both the left and right have good arguments and bad on a whole range of topics. If you actually want to discuss them, you first need to come back down to the planet Earth.
@JoEGTYR-5tou, Wow, Liberal demoncrap douche-bag left-wing Nazi-sympathizer exposed, can you be any more obvious? Do you have a picture of Hill that you jerk off to every night? What gets you off the most about her, the fact that she accepts money from and has intimate political relationships with countries that shun, rape and humiliate women and don't let them vote or her passion for murdering and covering it up, her lying or her flip-flopping for political gain ? Do you think of those things and Hillary and that turns you on?
-5dmn: What makes me think you are just jealous of Bill ... and would love to get some if only you could! He not as hypocritical as many of the bible thumpers who have gone astray over the years. At any rate, how can you hold that against Hillary?
Not Bush's or Obama's fault. We're the ones who elected them. It's our fault. Now the question is do we elect Hillary?
-4zvt, It's the chicken and the egg question. What brought us to the situation we live today? What event came first that set the dominoes in motion? One can logically reason it is Bush's fault. After he got us into Operation Iraqi Freedom in 2003 and bringing down Saddam Hussain, creating the power vacuum for Al Qaida to grow, then spurring on Bin Laden to bring down the Twin Towers in NYC, that got us into Afganistan and back to Iraq, and on and on. It doesn't end there either. The chain reaction of Bush's actions continued to bring us harm by bringing Barack Obama to power. Now our enemies are within and without our shores. Don't blame Obama for our woes. Look back to Bush who created Obama. We can only look forward for bettering ourselves and ending the downward spiral. Obama's rule, thank God is ending very soon. Let's stop the blame game, look to each other as great Americans and be one nation. November is the next chance we have to continue descending or start rising again.
-2tnf, It's all Bush's fault though, isn't it?
15 percent of Venesualins eat out of trash cans. Socialism at work. Why can't they just order from Blue Apron and have the US middle class pay for it? Chevron can pay, we still do business there.
-2tnf, calm down and take your lithium, brother. You are foaming at the mouth like a raving lunatic. Later on, come back here and state your point in no more than 3 or 4 short coherent sentences. Make your progress in baby steps and you'll learn to join the rest of us sane readers.
Yup, for sure. Those lousy "others" are to blame! Those liberals that want to take my stuff and give it away to the undeserving, that greedy 1%, the "government" in that vague unspecified evil-doer sense, that bunch of freeloading lazy poor, those lawless illegals that keep cutting my grass (certainly not the lawn service companies that hire them: no ... those are the good guy "job providers"). That the value of the dollar long-term reflects GDP and the amount of stuff produced is irrelevant: If we could just get some more (government?) regulations to stop the "others" from taking more than their share it would all work out better for me (some way or other). We could focus on ways to boost overall productivity and GDP long term, so that all boats rise. That, on the other hand, would be just too hard to think about. Better to feel better by focusing on defining those evil "others" to blame! I am just a helpless, blameless pawn: It's all "their" fault! .
I beleive the 1% will try to continue to take more wealth and not leave. They'll stay right here in the United States and continue to carve out the best areas for themselves to live. The rest of us with be the working class slaves that serve them. New World Order, the utopia enabled by George Soros and the likes of Obama and Clinton.
Venezuelans largely believed that all the problems were the other side's fault but that life would go on and somehow everything would work out. Americans believe we are too big to fail. We will continue to believe that until it is too late to do anything about it. The 1% will take their wealth and move to a safe country just for themselves.
@1jxa, Two things in your post that I focus on. 1) YES, it is the government's fault, and 2) NO, I don't think it's fine to just muddle along.
@1jxa, too funny. I never saw it in that light.
I heard it all before, again and again. From the right: the economy is about to collapse and the godless hordes are going to rise up and take all my stuff. From the left: As more and more people are born we are going to run out of resources (which, presumably, generally unstated, will cause the hordes to rise up and take all my stuff). Both sides think it is somehow the governments fault, and the answer is more regulation of a sort: that is regulation of the "other" and certainly NOT regulation of me. Get the g--s to stop degrading our moral underpinning, get the lazy poor to start contributing their "fair share", or define a new "other" du jour: it really does not matter as long as it is clearly “them” separate from “us” (and their fault!). With all the hand wringing and self-righteous proclamation, that "we" are the government never seems to register. Through it all, year after year, we somehow seem to muddle along just fine: the sky never quite does fall! Cheer up and rock on!
@JoEGTYR-wxc --- Well said. Totally agree with you. Thanks to maggots, like Barry The G--, Hillary The Inept, et al. (many on the other side of the political aisle are, equally, to blame, as well), we're being "lead" down the road to perdition. While not an original advocate of Mr. Trump's, I will be supporting him in the coming election, as I see in him our only chance of righting much of what the deplorable Liberals have wrought upon this country. As to O&G,... to anyone who has worked in this sector, it can not (or,... should not) come as a surprise that a healthy purge of excess 'fat' was needed. Not all problems will be solved during this exercise, of course, as we humans are easily lulled into a sense of complacency, and Chevron is no exception. Personally, I believe O&G will do just fine, thank you very much. It may take some time, and it will require further change, but to those companies capable of facing the truth and making the hard decisions,... success awaits.
I see low oil price as being bad for everyone ultimately. The loss of jobs that has occurred is monumental. They say oil price is determined by supply and demand but I wonder if it's more just a function of the strength of the dollar.
Nonsense! There is no "global bubble". The general economy is in a period of very-slow growth (not the stuff of "bubbles"). Oil is down because new tech has led to oversupply. Oil down is bad for us, obviously, but generally positive for overall economic growth.
A global bubble has formed and will burst somewhere first and then cascade like dominoes all over the world. The large economic countries are printing more money, the US included. Japan and Germany now have negative interest rates and there's some talk it may happen sometime in the US too. You have large banks like Wells Fargo playing shenanigans opening thousands of false accounts in customer's names over 4 years, yet when discovered, the executive responsible is not held to task or fired, but will be allowed to keep millions in bonus money. You have governments around the globe, including the Obama-Hillary administration here in the US, covering up lies and selling our country down the river. This world has lost its morals and self-respect in favor of money and power over everything else.
Another downturn, you ask? Yes, we are witnessing a downturn in much and many ways, not just in the O&G industry.