OK, I'll play.
Stop all oil exports from the US and sure, domestic oil prices (and profits) would fall - causing overseas prices to spike.
Where do think the drilling would move to and what happens to the domestic supply? It ain't rocket science.
shocker.
not.
Yes, the "anecdotal" is coming home to roost! Ask ActionBob about inoculation complications.I recall a Covid-related thread that was ongoing here for quite a while where I suggested the exact same thing based on my personal work experience with my own County's EMS system, and how they were being directed by the CDC to intentionally miscount Covid deaths. I was challenged pretty aggressively by several members on here dismissing my data as anecdotal and my account as conspiratory. The "Covid Era" has taught us some priceless lessons that too many are still refusing to acknowledge as truth. The power of propaganda will never cease to amaze me.
Yep, didn't feel like resurrecting that threadI recall a Covid-related thread that was ongoing here for quite a while where I suggested the exact same thing based on my personal work experience with my own County's EMS system, and how they were being directed by the CDC to intentionally miscount Covid deaths. I was challenged pretty aggressively by several members on here dismissing my data as anecdotal and my account as conspiratory. The "Covid Era" has taught us some priceless lessons that too many are still refusing to acknowledge as truth. The power of propaganda will never cease to amaze me.
And if I were a betting man, I'd bet it's probably 50% or more.shocker.
not.
And if I were a betting man, I'd bet it's probably 50% or more.
I'm no actuary, but I did take a lot of math in college, and spend half my days crunching hacking data. Statistics are in the presentation, and if the intent is to mislead, it's easy given that most people don't even know where to start asking questions.
It would be easy to write a headline saying something like "gas prices up 17% in Texas and only 10% in Cali in the last 30 days" or something similar. What will be buried in the bottom of the article, if even mentioned, was that 30 days ago, gas in Texas averaged $3/gal, and in Cali it was $5/gal. Texas average would still be $2 cheaper per gallon, at 3.50 vs 5.50, and they both went up by the exact same amount - 50 cents.
The innumerate would only see 17% vs 10% and conclude things are much worse in Texas.
Liars, damn liars, and statisticians.
Bakken shale is down to about $45 per barrel due to directional drilling and other advancements.Exactly right. Texas and Louisiana have closed and reopened sites several times over the decades due to price fluctuations. Apparently shale extraction is even more PPB sensitive.
So utterly true.