A pathological liar ups the ante because having to impress their ego …insists , “the greatest , the most ever, the best..” is hopefully firmly decided by a blue wave and decidedly what now 90% of America wants …not even close to demented Don’s deluded dialogs.
I applaud your efforts to reinforce the Apostle Paul’s New Testament teaching found in his first pastoral letter to Timothy. In that missive he reminds his student that…
“… for the love of money is the root of all kinds of evils.” [Timothy 6:10 (ESV)]
Your administration is serving as modern-day proof of Paul’s centuries-old teaching.
Ohhh my goodness! So glad that your kids did not have to carry you (and "140-pound" Marz) back to your car. God bless you all. (We sensibly scattered my kids' Dad around the base of a giant Sequoia tree, a ten-minute walk from the parking lot.) Good fathers, good memories.
They're quick to pin rising costs on the Biden admin, even though this admin has been in charge for more than a year and a half. But no credit to the Biden admin for the drop in drug prices, although a good chunk of that is thanks to Biden's Inflation Reduction Act. It's a little more complicated than that; here's an explainer from PBS:
The whole "Venezuela oil is ours" thing is also vapourware. The 65 billion barrels is questionable; even if there is that much, it's in the ground, has the consistency of "cold peanut butter", and would need billions of dollars invested to get the oil out of the ground. Then you have to refine it, and as you've made clear the US refineries are effectively at capacity now. They are also not configured to manage Venezuelan crude.
Here's Paul Krugman from this morning's newsletter: "Even if the deal holds, oil experts are extremely doubtful that Venezuela can significantly increase its oil production soon, if ever. It would take years to rebuild the oil infrastructure even if corporations are willing to sink in the necessary billions of dollars. There are also issues with the quality of Venezuelan oil. Venezuela appears on paper to have huge oil reserves. But much of these reserves are what I called a “black, sticky fantasy,” created by Maduro’s predecessor Hugo Chavez, when he reclassified oil in the Orinoco Basin that will be difficult if not impossible to recover as “proved” reserves."
And the value of the oil, if you can get it? Paul Krugman again: "So the profit margin on Venezuelan oil will be at most a small fraction of its market price. Surely $20 a barrel would be a highly generous estimate. So let’s go with that, in which case Trump’s deal might be worth $20*65 billion barrels = $1.3 trillion, a sum extracted over many years.
How big a deal would that be for the United States? Since this would be a many-year process if it happens at all, you want to compare it with U.S. wealth, not GDP (which is only the value created in a single year.) And total U.S. wealth is about $167 trillion." A mere blip.
Andrew Willis had a piece in the Globe & Mail this morning about where the US oil industry is placing its bets. Here's a quote: "Major American oil companies and asset managers are lining up to invest in Canadian infrastructure. They seem to have missed U.S. President Donald Trump’s weekend Truth Social post declaring “I don’t want Canadian anything.”
The same companies – ExxonMobil Holdings Corp., ConocoPhillips, KKR & Co. Inc. and Apollo Global Management Inc. – are steering clear of investments in Venezuela."
Wise decisions “Gramma” ..
A pathological liar ups the ante because having to impress their ego …insists , “the greatest , the most ever, the best..” is hopefully firmly decided by a blue wave and decidedly what now 90% of America wants …not even close to demented Don’s deluded dialogs.
My Dear Mr. President:
I applaud your efforts to reinforce the Apostle Paul’s New Testament teaching found in his first pastoral letter to Timothy. In that missive he reminds his student that…
“… for the love of money is the root of all kinds of evils.” [Timothy 6:10 (ESV)]
Your administration is serving as modern-day proof of Paul’s centuries-old teaching.
Regards,
Ohhh my goodness! So glad that your kids did not have to carry you (and "140-pound" Marz) back to your car. God bless you all. (We sensibly scattered my kids' Dad around the base of a giant Sequoia tree, a ten-minute walk from the parking lot.) Good fathers, good memories.
They're quick to pin rising costs on the Biden admin, even though this admin has been in charge for more than a year and a half. But no credit to the Biden admin for the drop in drug prices, although a good chunk of that is thanks to Biden's Inflation Reduction Act. It's a little more complicated than that; here's an explainer from PBS:
https://www.pbs.org/newshour/health/trump-is-taking-credit-for-sharply-declining-drug-prices-the-reality-is-more-complex
The whole "Venezuela oil is ours" thing is also vapourware. The 65 billion barrels is questionable; even if there is that much, it's in the ground, has the consistency of "cold peanut butter", and would need billions of dollars invested to get the oil out of the ground. Then you have to refine it, and as you've made clear the US refineries are effectively at capacity now. They are also not configured to manage Venezuelan crude.
Here's Paul Krugman from this morning's newsletter: "Even if the deal holds, oil experts are extremely doubtful that Venezuela can significantly increase its oil production soon, if ever. It would take years to rebuild the oil infrastructure even if corporations are willing to sink in the necessary billions of dollars. There are also issues with the quality of Venezuelan oil. Venezuela appears on paper to have huge oil reserves. But much of these reserves are what I called a “black, sticky fantasy,” created by Maduro’s predecessor Hugo Chavez, when he reclassified oil in the Orinoco Basin that will be difficult if not impossible to recover as “proved” reserves."
And the value of the oil, if you can get it? Paul Krugman again: "So the profit margin on Venezuelan oil will be at most a small fraction of its market price. Surely $20 a barrel would be a highly generous estimate. So let’s go with that, in which case Trump’s deal might be worth $20*65 billion barrels = $1.3 trillion, a sum extracted over many years.
How big a deal would that be for the United States? Since this would be a many-year process if it happens at all, you want to compare it with U.S. wealth, not GDP (which is only the value created in a single year.) And total U.S. wealth is about $167 trillion." A mere blip.
Andrew Willis had a piece in the Globe & Mail this morning about where the US oil industry is placing its bets. Here's a quote: "Major American oil companies and asset managers are lining up to invest in Canadian infrastructure. They seem to have missed U.S. President Donald Trump’s weekend Truth Social post declaring “I don’t want Canadian anything.”
The same companies – ExxonMobil Holdings Corp., ConocoPhillips, KKR & Co. Inc. and Apollo Global Management Inc. – are steering clear of investments in Venezuela."