Awful jobs numbers come out

The Thinker said:

You're lying again. First off, Chevron has been active in the Permian Basin since the 1920s.

Second, you are changing your story yet again. When I first confronted you on how Chevron's doubling their portfolio the past two years, you whined and said they must have started planning that at least a year prior.

Now that I've educated you on Obama signing the end of the export ban into law, you're desperately trying to attach Chevron's decision to Obama. You're still stuck with an important FACT, a FACT YOU posted. Chevron waited to begin their latest expansion in the Permian Basin until after Obama left office.

Obviously, this timing links back to Trump rolling back regulations and the education on it that you've been force-fed.

So get your story straight. What are the political and non-political factors in Chevron's expansion? Do you even know?

I seriously doubt it. All your Googling is in the context of pursuing your extreme partisanship, with facts being far down your list of priorities.

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middleview said:

Chevron being active in that oil field since 1920 is irrelevant. There is a lot of prep work to do to bring new production on line. It is simply idiotic to assume that on Monday after the election the powers that be at Chevron made a phone call and their drilling department gets started and by Friday they are pumping twice as much oil.

How many new wells were put up? How much pipeline construction? And all done without filing a single application with either the state or the federal government.

I work for a bank. We are putting a new branch into a state. The project will take a year.
We bought a branch that had been closed by BofA....so practically no construction. Do you really think they spent hundreds of millions on new leases without a lot of planning?

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The Thinker said:

You're lying again. First off, Chevron has been active in the Permian Basin since the 1920s. Second, you are changing your story yet again. When I first confronted you on how Chevron's doubling their portfolio the past two years, you whined and said they must have started planning that at least a year prior. Now that I've educated you on Obama signing the end of the export ban into law, you're desperately trying to attach Chevron's decision to Obama. You're still stuck with an important FACT, a FACT YOU posted. Chevron waited to begin their latest expansion in the Permian Basin until after Obama left office.

Obviously, this timing links back to Trump rolling back regulations and the education on it that you've been force-fed.

So get your story straight. What are the political and non-political factors in Chevron's expansion? Do you even know?

I seriously doubt it. All your Googling is in the context of pursuing your extreme partisanship, with facts being far down your list of priorities.

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The Thinker said:

So you've gone full Straw man here. Who has made these claims you're objecting to? Who said wells were drilled and completed and pipelines built with no state or fed permits?

And since you say you work for a bank, you should now how long Chevron has been in the Permian Basin is a factor. Chevron will have a track record and established relationships with the banks needed to fund their projects.

Or do you think I can just just drive out there tomorrow with my good credit, tell a bank I'm going to drill a well in the Permian Basin and they'll just cut me a check?

Obviously, Chevron is putting a lot of resources into the Permian Basin. And according to the facts you presented, they started building up resources right after Obama left office. You know that Obama being essentially anti-oil and gas was a factor. The only question is, are you honest enough to admit it?

Are you?

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middleview said:

This is from September 2016:

EOG Resources (EOG), Diamondback Energy (FANG) and other shale companies have been making headlines with acquisitions in the Permian Basin, but Chevron (CVX) has an advantage over them in the prolific formation and may soon inject billions of dollars there.

The integrated oil major says it is already the Permian's largest net acreage holder, with about 2 million net acres, and is among the top producers there.

Chevron is boosting its spending on unconventional plays, mostly in the Permian, and could double its outlays in the Permian to $3 billion by 2020, depending on the price of crude, said Brendan Warn, an analyst at BMO Capital Markets, in a note released Monday.

He added that Chevron "has some advantageous acreage in the Permian due to its legacy position and low royalty structure" in the region vs. smaller exploration and production companies like Diamondback, Pioneer Natural Resources (PXD) and Concho Resources (CXO).

https://www.investors.com/news/chevron-focused-on-permian-assets-started-at-outperform/

If Chevron was spending billions in late 2016 when do you think the planning began?

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middleview said:

You are saying their planning began after January 2017....in fact in October 2016, when it still looked like Hillary was going to win, Chevron was already working on buying billions of property there.

https://www.investors.com/news/chevron-focused-on-permian-assets-started-at-outperform/

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middleview said:

So now, instead of claiming Trump is doing so well and the economy is booming you admit the economy is pretty much the same now as it was in 2017...that is progress.

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Raoul_Luke said:

I've said pretty much that all along. I mentioned its marginal improvements in jobs and incomes that resulted from his efforts to deregulate (and just the simple fact that he ended Obama's economic jihad against capitalism). But I have repeatedly said the economy still has not recovered as of yet, and won't until the fed stops "helping" the markets.

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middleview said:

I love right winger crap....doesn't matter if unemployment hits 25%....don't do anything...it'll get better eventually. Rhetoric over contribution....

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Bugsy McGurk said:

So you agree that Trump lies his ass off when he calls this “the best economy in history”?

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Raoul_Luke said:

It goes without saying.

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Bugsy McGurk said:

It goes without saying that Trump lies his ass off?

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Raoul_Luke said:

Is that not what I just said? Sheesh!

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middleview said:

It hit 10% thanks to the Bush recession and then the Stimulus kicked in...where was it on January 20th, 2017? Trump inherited an unemployment rate of 4.5%....It has gone down a whopping .7%..

Just for fun....who was president when the unemployment climbed to 10.8% in November 1982?

Who was president when unemployment soared to 25% in 1932?

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redtide said:

It was optional, any time one steals from one to give to another it is entirely optional

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Raoul_Luke said:

He suspended his campaign because he was losing! It was a stunt intended to jump start his campaign like an AED for a dying person laying prone on the floor. As I have repeatedly pointed out, "things were bad" because the Bush administration bailed out Bear Stearns and then shortly thereafter, declined to bail out Lehman Bros. You say it was because they were in such horrid financial shape, but that has been debunked:

https://www.marketwatch.com/story/bernanke-geithner-and-paulson-have-invented-alternative-history-of-lehman-collapse-professor-says-2018-07-25

What the markets needed at that point was a dose of confidence - someone, anyone, to say the government was the cause and would step aside to allow the markets to clear before taking any more action. The problem was there was no one willing to commit political/bureaucratic suicide for the good of the country. So all we got was self serving excuses that only made the markets even less confident in the future.

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Bugsy McGurk said:

Wingers are always bitching about the ways Dem presidents come in and clean up the economic disasters left behind by GOP presidents.

You should just stop voting for the GOP incompetents so we won’t have the economic disasters in the first place.

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redtide said:

Then let US get rid of all entitlements (DEm vote buying programs) and the deficit and the debt will be gone in a few years even with greater tax cuts

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Nostra said:

Obama also decided to put the unions ahead of shareholders in receiving money.

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The Thinker said:

No, I refuse to let your lies go unanswered. Now either link to me saying their planning began after January 17 or... never mind, we both know you're full of crap.

And again, it didn't matter whether Hillary or Trump was going to win. Hillary is easily bought off. Everyone knows that. Besides, the smart people weren't as confident in a Hillary win as brain dead, loser partisan hacks were.

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