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Offline basedgod  
#21 Posted : Sunday, November 27, 2016 8:32:07 PM(UTC)
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Originally Posted by: easton104 Go to Quoted Post
my inclination is to not dignify your question with a response tbhafrn


that's fine
Offline basedgod  
#22 Posted : Sunday, November 27, 2016 8:33:59 PM(UTC)
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China has built its middle class and is already looking to move its economy to a service economy just like the U.S..

It would appear that China is looking toward Africa to to be the new manufacturing capital of the world honestly.
Offline easton104  
#23 Posted : Sunday, November 27, 2016 8:35:14 PM(UTC)
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move to china motherfucker ahahaha
Offline basedgod  
#24 Posted : Sunday, November 27, 2016 8:36:34 PM(UTC)
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Originally Posted by: easton104 Go to Quoted Post
move to china motherfucker ahahaha


UserPostedImage
Offline easton104  
#25 Posted : Sunday, November 27, 2016 8:36:45 PM(UTC)
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I love you guys.
Offline easton104  
#26 Posted : Sunday, November 27, 2016 8:51:31 PM(UTC)
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let's take a virtual tour of oil producing countries:

Saudi Arabia
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.
.
.

Qatar
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.
.
.

Kuwait
.
.
.
.

Offline easton104  
#27 Posted : Sunday, November 27, 2016 8:52:26 PM(UTC)
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look how oppressed they are!
Offline alternaloser  
#28 Posted : Sunday, November 27, 2016 8:59:03 PM(UTC)
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Originally Posted by: easton104 Go to Quoted Post
look how oppressed they are!


imagine being one of the 90% of people in saudi arabia who live in abject poverty, mostly due to who your daddy is or isn't.
Offline alternaloser  
#29 Posted : Sunday, November 27, 2016 9:01:50 PM(UTC)
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i'm going to break down a few things that i know about saudi arabia and oil production for you:
-they have huge reserves in the cheapest to extract conditions possible
-their sovereign fund is dwindling as they've had to continually pay out rewards to keep the military and internal security forces happy
-they've given up attempting to keep oil prices artificially high by reducing production, instead opting to bring as much revenue as possible
-countries like the u.s. and russia have lots of reserves, but they aren't cheap to extract. it's only economical when prices are high

therefore, i don't think prices will rise enough to bring back work to those in costly to extract areas in north america.
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Offline easton104  
#30 Posted : Sunday, November 27, 2016 9:05:39 PM(UTC)
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so what about the foreign tax credit subsidies?
Offline alternaloser  
#31 Posted : Sunday, November 27, 2016 9:06:05 PM(UTC)
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Originally Posted by: easton104 Go to Quoted Post
so what about the foreign tax credit subsidies?


can you elaborate? i'm not sure what this has to do with the price of oil per barrel.
Offline easton104  
#32 Posted : Sunday, November 27, 2016 9:06:39 PM(UTC)
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I mean $16 billion dollars a year is significant and could potentially wipe out all of these contrarian arguments?
Offline easton104  
#33 Posted : Sunday, November 27, 2016 9:08:36 PM(UTC)
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Originally Posted by: alternaloser Go to Quoted Post
can you elaborate? i'm not sure what this has to do with the price of oil per barrel.


the actual cost of oil doesn't have anything to do with the cost of oil?
Offline alternaloser  
#34 Posted : Sunday, November 27, 2016 9:09:30 PM(UTC)
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Originally Posted by: easton104 Go to Quoted Post
I mean $16 billion dollars a year is significant and could potentially wipe out all of these contrarian arguments?


the u.s. uses 7 billion barrels annually, so no.
Offline alternaloser  
#35 Posted : Sunday, November 27, 2016 9:10:46 PM(UTC)
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Originally Posted by: easton104 Go to Quoted Post
the actual cost of oil doesn't have anything to do with the cost of oil?


okay, again, please feel free to elaborate on what you mean by foreign tax credits and how it's going to change somehow.
Offline basedgod  
#36 Posted : Sunday, November 27, 2016 9:19:34 PM(UTC)
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Originally Posted by: alternaloser Go to Quoted Post
okay, again, please feel free to elaborate on what you mean by foreign tax credits and how it's going to change somehow.


He won't.
Offline basedgod  
#37 Posted : Sunday, November 27, 2016 9:20:59 PM(UTC)
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Offline easton104  
#38 Posted : Sunday, November 27, 2016 9:21:10 PM(UTC)
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you brought up subsidies coming out of the tax payers pockets. it looks like the vast majority of subsidies in terms of oil goes to foreign tax credits, to the tune of $16 billion a year. that probably needs to be considered when discussing the cost of oil. it's akin to saying Americans pay $1.00 a pound for this commodity, but not paying attention to the fact that it is a subsidized commodity and after their tax dollars have been amortized towards the commodity it actually costs Americans $2.00 a pound.
Offline easton104  
#39 Posted : Sunday, November 27, 2016 9:22:31 PM(UTC)
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on a smaller level it's like saying something costs $1 when there are 25% taxes on it. That shit costs $1.25.
Offline basedgod  
#40 Posted : Sunday, November 27, 2016 9:24:22 PM(UTC)
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Originally Posted by: easton104 Go to Quoted Post
it actually costs Americans $2.00 a pound.


probably more like $1.0009 since it's a distributed tax but I get what you're trying to say.

Edited by user Monday, November 28, 2016 12:04:11 AM(UTC)  | Reason: Not specified

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