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US Politics Mega-thread - Page 1574

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Read the rules in the OP before posting, please.

In order to ensure that this thread continues to meet TL standards and follows the proper guidelines, we will be enforcing the rules in the OP more strictly. Be sure to give them a re-read to refresh your memory! The vast majority of you are contributing in a healthy way, keep it up!

NOTE: When providing a source, explain why you feel it is relevant and what purpose it adds to the discussion if it's not obvious.
Also take note that unsubstantiated tweets/posts meant only to rekindle old arguments can result in a mod action.
Doublemint
Profile Joined July 2011
Austria8540 Posts
January 13 2015 18:57 GMT
#31461
Romney wanting to run again is almost comical.

"what will mr. etch-a-sketch believe this time around?" ^^

if I were to be Republican I would go for Rand Paul.

or Christie. he is a thug, but a smart, and kind of likeable thug.

walker is kind of meh imho.
Yoav
Profile Joined March 2011
United States1874 Posts
January 13 2015 19:03 GMT
#31462
After 4 years of idealistic wimp, I might just be ready for a likable thug. Likable thugs have worked decently well before (cough LBJ cough FDR cough JFK). I'd prefer a Lincoln to an LBJ, but I'll take what I can get.
G5
Profile Blog Joined August 2005
United States2898 Posts
January 13 2015 19:22 GMT
#31463
On January 14 2015 03:57 Doublemint wrote:
Romney wanting to run again is almost comical.

"what will mr. etch-a-sketch believe this time around?" ^^

if I were to be Republican I would go for Rand Paul.

or Christie. he is a thug, but a smart, and kind of likeable thug.

walker is kind of meh imho.


Totally agree with everything except for Christie. If I were a republican, I'd be voting for Ron Paul every time. In fact, I've been a Democrat my entire life but Ron Paul is so smart, listens to opinions on both sides, and doesn't let "politics" cloud his judgement on what he stands for, if there isn't a solid democrat candidate, I'll probably end up voting for Ron Paul (if he runs / gets that far). Ron Paul doesn't even seem like a Republican or Democrat to me, he seems like he's just his own person and whether his views more aline with the Republican or Democratic Party totally depends on the issue. I respect that.
{CC}StealthBlue
Profile Blog Joined January 2003
United States41117 Posts
Last Edited: 2015-01-13 19:38:04
January 13 2015 19:36 GMT
#31464
Christie would crash and burn as soon as he stepped into the Midwest. You know how he loves to shout and scream and reporters and people that question him, imagine that being played on CNN around the clock as he shouts at a female or local reporter from Des Moines etc.
"Smokey, this is not 'Nam, this is bowling. There are rules."
Doublemint
Profile Joined July 2011
Austria8540 Posts
Last Edited: 2015-01-13 19:42:44
January 13 2015 19:38 GMT
#31465
CNN is part of the lame stream media, I don't see that not working out for the Republican base :p

//edit: but I will concede that "the base" won't be enough. demographics show that. old, white men are slowly dying and minorities are the ones to cater to. that's why I think it is gonna be a SUPER tough election for Reps.
{CC}StealthBlue
Profile Blog Joined January 2003
United States41117 Posts
January 13 2015 19:50 GMT
#31466
Therein lies a big big problem with the GOP everything not in conformity with them, or what they think is against them, should be allowed to cover them. Hence why Preibus is going to a major headache this year and next when he refuses to let candidates speak to other major outlets besides FOX news. And will only do a few if more than one debates. It is will be a catastrophe and piss off even Republican votes who had a mild independent streak in them.
"Smokey, this is not 'Nam, this is bowling. There are rules."
Doublemint
Profile Joined July 2011
Austria8540 Posts
Last Edited: 2015-01-13 20:10:11
January 13 2015 20:09 GMT
#31467
god, I am gonna miss Colbert for the primaries

whatever he is going to do on the late show will be ok/good. but it just comes with the territory that it will not hit as close to home. and I fear it will be toned down quite a bit.

and yeah, reps will have to work hard this time around. Obama is gone. the economy is doing rather fine, gas prizes are low.

now is the time to show what you are standing for - not what you are against.

playing the blame game is definitely easier than formulating a vision, a vision people will accept and like.
farvacola
Profile Blog Joined January 2011
United States18828 Posts
January 13 2015 20:24 GMT
#31468
Putting FDR, JFK, and LBJ into the same basket is an interesting choice lol, particularly in relation to Christie of all people.
"when the Dead Kennedys found out they had skinhead fans, they literally wrote a song titled 'Nazi Punks Fuck Off'"
{CC}StealthBlue
Profile Blog Joined January 2003
United States41117 Posts
Last Edited: 2015-01-13 21:21:26
January 13 2015 21:20 GMT
#31469
A dark day for US Environmental policy.

Sen. Marco Rubio (R-Fla.) was appointed chair of the Subcommittee on Oceans, Atmosphere, Fisheries and Coast Guard last week, a subsidiary to the Senate Commerce, Science and Transportation Committee that will be headed by Sen. John Thune (R-S.D.).

Rubio is among many Republicans who have deferred to claiming "I'm not a scientist" to dodge questions about their position on climate change. Rubio may even be responsible for coining the phrase, telling GQ in 2012 that he's unable to determine the actual age of the earth because, "I'm not a scientist, man."

"I can tell you what recorded history says, I can tell you what the Bible says, but I think that’s a dispute amongst theologians and I think it has nothing to do with the gross domestic product or economic growth of the United States."

Scientists have long agree that earth's age is approximately 4.54 billion years.

The senator has also denied that humans play a role in climate change, saying legislation meant to quell the problem would do nothing but waste taxpayer dollars.

"I do not believe that human activity is causing these dramatic changes to our climate the way these scientists are portraying it, and I do not believe that the laws that they propose we pass will do anything about it, except it will destroy our economy," Rubio said.


Source
"Smokey, this is not 'Nam, this is bowling. There are rules."
GreenHorizons
Profile Blog Joined April 2011
United States23246 Posts
January 13 2015 21:39 GMT
#31470
On January 14 2015 06:20 {CC}StealthBlue wrote:
A dark day for US Environmental policy.

Show nested quote +
Sen. Marco Rubio (R-Fla.) was appointed chair of the Subcommittee on Oceans, Atmosphere, Fisheries and Coast Guard last week, a subsidiary to the Senate Commerce, Science and Transportation Committee that will be headed by Sen. John Thune (R-S.D.).

Rubio is among many Republicans who have deferred to claiming "I'm not a scientist" to dodge questions about their position on climate change. Rubio may even be responsible for coining the phrase, telling GQ in 2012 that he's unable to determine the actual age of the earth because, "I'm not a scientist, man."

"I can tell you what recorded history says, I can tell you what the Bible says, but I think that’s a dispute amongst theologians and I think it has nothing to do with the gross domestic product or economic growth of the United States."

Scientists have long agree that earth's age is approximately 4.54 billion years.

The senator has also denied that humans play a role in climate change, saying legislation meant to quell the problem would do nothing but waste taxpayer dollars.

"I do not believe that human activity is causing these dramatic changes to our climate the way these scientists are portraying it, and I do not believe that the laws that they propose we pass will do anything about it, except it will destroy our economy," Rubio said.


Source



"I am not a scientist, but my gut says they are wrong"... Is that going to be the go to line for Republicans when they disagree with the overwhelmingly agreed on realities.

"I am not an economist but...."
"I am not a doctor but..."
"I am not a theologian but..."
"I am not a lawyer but..."
"I am not a (____) but..."

Seriously what difference does it make if they are a scientist or not? How does not being a scientist prevent someone from estimating the earths age based off of available information.

If one can't make such an estimate based on that excuse, why should we assume they can make any judgement outside of what they say they "are"? Like, why should I trust their opinion on the economy if they are not an economist, or their opinion on healthcare if they are not a medical professional?

It just doesn't make basic sense. "I am not a scientist, therefore I can not estimate the age of the earth. I am not an economist, but I can make countless claims about complex financial transactions and their consequences".

Republicans can't have it both ways and be taken seriously. Either you can comment on basically universally accepted ideas outside of you expertise or you can't. It's totally ridiculous to claim "I am not a scientist so I can't estimate the age of the earth but I can certainly write laws and make statements that disregard the overwhelming consensus of experts about that earth".
"People like to look at history and think 'If that was me back then, I would have...' We're living through history, and the truth is, whatever you are doing now is probably what you would have done then" "Scratch a Liberal..."
{CC}StealthBlue
Profile Blog Joined January 2003
United States41117 Posts
January 13 2015 22:00 GMT
#31471
A federal judge in California is weighing the constitutionality of a 45-year-old act that classifies marijuana as a dangerous drug along with LSD, cocaine and heroin.

U.S. District Judge Kimberly J. Mueller in Sacramento held a five-day fact-finding hearing on the classification question late last year, and final arguments are scheduled for next month, the Los Angeles Times reported Monday. Her ruling is expected later this year.

The case marks the first time in decades that a judge has agreed to consider marijuana's designation as a Schedule 1 drug under the 1970 Controlled Substances Act, the newspaper said. Under the act, Schedule 1 drugs have no medicinal purpose, are unsafe even under medical supervision and contain a high potential for abuse.

Mueller's decision to hold the hearing came in response to a pretrial defense motion in a federal case against alleged marijuana growers. Prosecutors unsuccessfully opposed the fact-finding effort.

A ruling against federal cannabis law would apply only to the defendants in the case and almost certainly would be appealed, the newspaper said. If the U.S. 9th Circuit Court of Appeals determined the law was unconstitutional, all the Western states would be affected.

Attorneys for the defendants have argued that the federal marijuana law violates the Constitution's guarantee of equal protection under the law. They contend the government enforces marijuana law unevenly ? allowing distribution of cannabis in states where it is legal and cracking down elsewhere.

The prosecution countered that Congress legally placed pot in Schedule 1.


Source
"Smokey, this is not 'Nam, this is bowling. There are rules."
GreenHorizons
Profile Blog Joined April 2011
United States23246 Posts
Last Edited: 2015-01-13 22:25:21
January 13 2015 22:22 GMT
#31472
On January 14 2015 07:00 {CC}StealthBlue wrote:
Show nested quote +
A federal judge in California is weighing the constitutionality of a 45-year-old act that classifies marijuana as a dangerous drug along with LSD, cocaine and heroin.

U.S. District Judge Kimberly J. Mueller in Sacramento held a five-day fact-finding hearing on the classification question late last year, and final arguments are scheduled for next month, the Los Angeles Times reported Monday. Her ruling is expected later this year.

The case marks the first time in decades that a judge has agreed to consider marijuana's designation as a Schedule 1 drug under the 1970 Controlled Substances Act, the newspaper said. Under the act, Schedule 1 drugs have no medicinal purpose, are unsafe even under medical supervision and contain a high potential for abuse.

Mueller's decision to hold the hearing came in response to a pretrial defense motion in a federal case against alleged marijuana growers. Prosecutors unsuccessfully opposed the fact-finding effort.

A ruling against federal cannabis law would apply only to the defendants in the case and almost certainly would be appealed, the newspaper said. If the U.S. 9th Circuit Court of Appeals determined the law was unconstitutional, all the Western states would be affected.

Attorneys for the defendants have argued that the federal marijuana law violates the Constitution's guarantee of equal protection under the law. They contend the government enforces marijuana law unevenly ? allowing distribution of cannabis in states where it is legal and cracking down elsewhere.

The prosecution countered that Congress legally placed pot in Schedule 1.


Source


WTF is wrong with congress? There is no reason cannabis should be schedule 1. Lives are getting ruined and lost while "individual freedom" folk and Democrats sit around with their thumb up their ass.

A man who had partied at Westcott’s home was plotting to rob him. An itinerant motorcycle mechanic, Westcott didn’t have much — two televisions and a handgun that once belonged to his brother were perhaps the most valuable possessions in his 600-square-foot house in Seminole Heights — but he was terrified by his would-be intruder’s threats to kill him.

Police tracked down the suspect and warned him to stay away. Westcott, those close to him said, was left with a word of advice from the investigating officers: If anyone breaks into this house, grab your gun and shoot to kill.

On the night of May 27, as armed men streamed through his front door, Westcott grabbed his gun. But the 29-year-old didn’t have a chance to shoot before he died in a volley of gunfire. And those who killed him weren’t robbers.

They were police officers from the same agency he had enlisted to protect his home.

In the span of a few months, Westcott had become the target of an intensive drug investigation. On that Tuesday in May — a night when he typically baby­sat his sister’s children at his house, according to his mother — he was fatally shot by a Tampa Police Department SWAT team executing a search warrant for marijuana.

And then there’s this:

Police initially said that the investigation of Westcott’s alleged drug dealing began because of neighbors’ complaints. However, when the Times could find no neighbors who had called police and no records of the complaints, the department revised this assertion, saying the case began with a tip from the same informer who later bought the marijuana.

Revised is a generous word, here. A mistake would be if someone in the department misattributed a statement from one witness to another. Telling the press that a drug investigation that ended with a fatal SWAT raid began because of neighbor complaints when it really began because of a tip from a police informant (who are often paid, or given consideration in their own criminal cases) isn’t a mistake. It’s a lie. It makes the police look as if they were merely obliging a community in need of their protection, not initiating a commando raid based on a tip from a shady source and what looks to have been no corroborating investigation at all.

Ultimately, this violent, volatile raid came after the informant claimed to have bought $200 worth of pot. That’s why Westcott is dead: $200 worth of pot. Friends and neighbors say Westcott and his boyfriend were recreational pot smokers, but hardly major dealers. They were often broke. Their utilities were often disconnected. They just occasionally sold a joint or two to friends. The police found about $2.00 worth of pot the house. There’s no misplaced decimal there. Two dollars.


Source
"People like to look at history and think 'If that was me back then, I would have...' We're living through history, and the truth is, whatever you are doing now is probably what you would have done then" "Scratch a Liberal..."
JonnyBNoHo
Profile Joined July 2011
United States6277 Posts
January 13 2015 22:27 GMT
#31473
The decline in oil prices is already having an impact on US oil drilling. US rig count:

+ Show Spoiler +
[image loading]


Will be bad for the economies of oil producing areas, like Oklahoma, and there are some oil related debt fears out there as well. However,economists overwhelmingly agree that the price decline is good for the US.

Unrelated story - apparently the US leads the OECD in percent of managers who are women (link).
Yoav
Profile Joined March 2011
United States1874 Posts
January 13 2015 22:46 GMT
#31474
On January 14 2015 05:24 farvacola wrote:
Putting FDR, JFK, and LBJ into the same basket is an interesting choice lol, particularly in relation to Christie of all people.


The basket is "assholes who get shit done." Not a lot in common in some cases other than that, but those dudes were all willing to go to some seriously sketchy extremes to get things done. If anything, JFK is the odd man out for being slightly less of an asshole and getting slightly less done. But if he had lived longer, I think he would've qualified and then some; he was well on track.
aksfjh
Profile Joined November 2010
United States4853 Posts
January 13 2015 22:53 GMT
#31475
On January 14 2015 07:27 JonnyBNoHo wrote:
The decline in oil prices is already having an impact on US oil drilling. US rig count:

+ Show Spoiler +
[image loading]


Will be bad for the economies of oil producing areas, like Oklahoma, and there are some oil related debt fears out there as well. However,economists overwhelmingly agree that the price decline is good for the US.

Unrelated story - apparently the US leads the OECD in percent of managers who are women (link).

"Word on the street" is that producers are basically going to stop exploratory wells up front. After that, they'll begin winding down the low producers and wells where they own the rights. Biggest hits will be in the Dakotas and West Texas. Dakotas will hurt their economy, really, really bad. Luckily, that's really all that is out there besides agg. Texas is more diversified than in the 80s, such that it shouldn't leave a huge drag on the economy, but the numbers will take a hit (might go negative on employment for a bit), as will the state budget.
JonnyBNoHo
Profile Joined July 2011
United States6277 Posts
January 13 2015 23:01 GMT
#31476
On January 14 2015 07:53 aksfjh wrote:
Show nested quote +
On January 14 2015 07:27 JonnyBNoHo wrote:
The decline in oil prices is already having an impact on US oil drilling. US rig count:

+ Show Spoiler +
[image loading]


Will be bad for the economies of oil producing areas, like Oklahoma, and there are some oil related debt fears out there as well. However,economists overwhelmingly agree that the price decline is good for the US.

Unrelated story - apparently the US leads the OECD in percent of managers who are women (link).

"Word on the street" is that producers are basically going to stop exploratory wells up front. After that, they'll begin winding down the low producers and wells where they own the rights. Biggest hits will be in the Dakotas and West Texas. Dakotas will hurt their economy, really, really bad. Luckily, that's really all that is out there besides agg. Texas is more diversified than in the 80s, such that it shouldn't leave a huge drag on the economy, but the numbers will take a hit (might go negative on employment for a bit), as will the state budget.

Agreed. There was a hell of a boom in many of those parts though, so hopefully people and governments were prudent and set some money aside.
IgnE
Profile Joined November 2010
United States7681 Posts
January 14 2015 01:21 GMT
#31477
On January 14 2015 08:01 JonnyBNoHo wrote:
Show nested quote +
On January 14 2015 07:53 aksfjh wrote:
On January 14 2015 07:27 JonnyBNoHo wrote:
The decline in oil prices is already having an impact on US oil drilling. US rig count:

+ Show Spoiler +
[image loading]


Will be bad for the economies of oil producing areas, like Oklahoma, and there are some oil related debt fears out there as well. However,economists overwhelmingly agree that the price decline is good for the US.

Unrelated story - apparently the US leads the OECD in percent of managers who are women (link).

"Word on the street" is that producers are basically going to stop exploratory wells up front. After that, they'll begin winding down the low producers and wells where they own the rights. Biggest hits will be in the Dakotas and West Texas. Dakotas will hurt their economy, really, really bad. Luckily, that's really all that is out there besides agg. Texas is more diversified than in the 80s, such that it shouldn't leave a huge drag on the economy, but the numbers will take a hit (might go negative on employment for a bit), as will the state budget.

Agreed. There was a hell of a boom in many of those parts though, so hopefully people and governments were prudent and set some money aside.


My guess is that the oil prices have masked the underlying economic situation both here and throughout the rest of the world, leading to these good news stories about the economy in recent months. When oil prices inevitably rise again (when the Saudis and the sheikhs in the UAE decide they have crushed their new competition) reality is going to hit. I know you were listening to that NPR piece earlier today jonny, because I've been thinking this for awhile, and NPR reminded me of it today.
The unrealistic sound of these propositions is indicative, not of their utopian character, but of the strength of the forces which prevent their realization.
Sub40APM
Profile Joined August 2010
6336 Posts
Last Edited: 2015-01-14 01:52:53
January 14 2015 01:50 GMT
#31478
On January 14 2015 10:21 IgnE wrote:
Show nested quote +
On January 14 2015 08:01 JonnyBNoHo wrote:
On January 14 2015 07:53 aksfjh wrote:
On January 14 2015 07:27 JonnyBNoHo wrote:
The decline in oil prices is already having an impact on US oil drilling. US rig count:

+ Show Spoiler +
[image loading]


Will be bad for the economies of oil producing areas, like Oklahoma, and there are some oil related debt fears out there as well. However,economists overwhelmingly agree that the price decline is good for the US.

Unrelated story - apparently the US leads the OECD in percent of managers who are women (link).

"Word on the street" is that producers are basically going to stop exploratory wells up front. After that, they'll begin winding down the low producers and wells where they own the rights. Biggest hits will be in the Dakotas and West Texas. Dakotas will hurt their economy, really, really bad. Luckily, that's really all that is out there besides agg. Texas is more diversified than in the 80s, such that it shouldn't leave a huge drag on the economy, but the numbers will take a hit (might go negative on employment for a bit), as will the state budget.

Agreed. There was a hell of a boom in many of those parts though, so hopefully people and governments were prudent and set some money aside.


My guess is that the oil prices have masked the underlying economic situation both here and throughout the rest of the world, leading to these good news stories about the economy in recent months. When oil prices inevitably rise again (when the Saudis and the sheikhs in the UAE decide they have crushed their new competition) reality is going to hit. I know you were listening to that NPR piece earlier today jonny, because I've been thinking this for awhile, and NPR reminded me of it today.
What are they waiting for re:crushing of things? Capital investments are a pretty long term thing so even if at some point they cut the taps off the money sunk in by American producers has already been deployed.
On January 14 2015 07:46 Yoav wrote:
Show nested quote +
On January 14 2015 05:24 farvacola wrote:
Putting FDR, JFK, and LBJ into the same basket is an interesting choice lol, particularly in relation to Christie of all people.


The basket is "assholes who get shit done." Not a lot in common in some cases other than that, but those dudes were all willing to go to some seriously sketchy extremes to get things done. If anything, JFK is the odd man out for being slightly less of an asshole and getting slightly less done. But if he had lived longer, I think he would've qualified and then some; he was well on track.


What did JFK get done? At least according to the Carro biography of LBJ, JFK was dragging his feet on pretty much all the major promises.
IgnE
Profile Joined November 2010
United States7681 Posts
January 14 2015 02:07 GMT
#31479
On January 14 2015 10:50 Sub40APM wrote:
Show nested quote +
On January 14 2015 10:21 IgnE wrote:
On January 14 2015 08:01 JonnyBNoHo wrote:
On January 14 2015 07:53 aksfjh wrote:
On January 14 2015 07:27 JonnyBNoHo wrote:
The decline in oil prices is already having an impact on US oil drilling. US rig count:

+ Show Spoiler +
[image loading]


Will be bad for the economies of oil producing areas, like Oklahoma, and there are some oil related debt fears out there as well. However,economists overwhelmingly agree that the price decline is good for the US.

Unrelated story - apparently the US leads the OECD in percent of managers who are women (link).

"Word on the street" is that producers are basically going to stop exploratory wells up front. After that, they'll begin winding down the low producers and wells where they own the rights. Biggest hits will be in the Dakotas and West Texas. Dakotas will hurt their economy, really, really bad. Luckily, that's really all that is out there besides agg. Texas is more diversified than in the 80s, such that it shouldn't leave a huge drag on the economy, but the numbers will take a hit (might go negative on employment for a bit), as will the state budget.

Agreed. There was a hell of a boom in many of those parts though, so hopefully people and governments were prudent and set some money aside.


My guess is that the oil prices have masked the underlying economic situation both here and throughout the rest of the world, leading to these good news stories about the economy in recent months. When oil prices inevitably rise again (when the Saudis and the sheikhs in the UAE decide they have crushed their new competition) reality is going to hit. I know you were listening to that NPR piece earlier today jonny, because I've been thinking this for awhile, and NPR reminded me of it today.
What are they waiting for re:crushing of things? Capital investments are a pretty long term thing so even if at some point they cut the taps off the money sunk in by American producers has already been deployed.


Shale oil and gas requires thousands of small wells, and there has basically been constant new drilling to meet demand, since production from the wells starts to decline rather quickly. It also kills a lot of alternative energy investments that aren't directly about oil, and hurts Venezuealan, Russian, and Nigerian oil production, among others.
The unrealistic sound of these propositions is indicative, not of their utopian character, but of the strength of the forces which prevent their realization.
Sub40APM
Profile Joined August 2010
6336 Posts
January 14 2015 02:16 GMT
#31480
On January 14 2015 11:07 IgnE wrote:
Show nested quote +
On January 14 2015 10:50 Sub40APM wrote:
On January 14 2015 10:21 IgnE wrote:
On January 14 2015 08:01 JonnyBNoHo wrote:
On January 14 2015 07:53 aksfjh wrote:
On January 14 2015 07:27 JonnyBNoHo wrote:
The decline in oil prices is already having an impact on US oil drilling. US rig count:

+ Show Spoiler +
[image loading]


Will be bad for the economies of oil producing areas, like Oklahoma, and there are some oil related debt fears out there as well. However,economists overwhelmingly agree that the price decline is good for the US.

Unrelated story - apparently the US leads the OECD in percent of managers who are women (link).

"Word on the street" is that producers are basically going to stop exploratory wells up front. After that, they'll begin winding down the low producers and wells where they own the rights. Biggest hits will be in the Dakotas and West Texas. Dakotas will hurt their economy, really, really bad. Luckily, that's really all that is out there besides agg. Texas is more diversified than in the 80s, such that it shouldn't leave a huge drag on the economy, but the numbers will take a hit (might go negative on employment for a bit), as will the state budget.

Agreed. There was a hell of a boom in many of those parts though, so hopefully people and governments were prudent and set some money aside.


My guess is that the oil prices have masked the underlying economic situation both here and throughout the rest of the world, leading to these good news stories about the economy in recent months. When oil prices inevitably rise again (when the Saudis and the sheikhs in the UAE decide they have crushed their new competition) reality is going to hit. I know you were listening to that NPR piece earlier today jonny, because I've been thinking this for awhile, and NPR reminded me of it today.
What are they waiting for re:crushing of things? Capital investments are a pretty long term thing so even if at some point they cut the taps off the money sunk in by American producers has already been deployed.


Shale oil and gas requires thousands of small wells, and there has basically been constant new drilling to meet demand, since production from the wells starts to decline rather quickly. It also kills a lot of alternative energy investments that aren't directly about oil, and hurts Venezuealan, Russian, and Nigerian oil production, among others.

But thats an issue of sunk costs, some drillers just cant stop because of how much capital they already committed to the drilling. It sounds like the major projects are just going to stop making new investments but the ones that were already initiated and havent yet generated oil will be allowed to continue.
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