Skip to content
  • Categories
  • Recent
  • Tags
  • Popular
  • Users
  • Groups
Skins
  • Light
  • Cerulean
  • Cosmo
  • Flatly
  • Journal
  • Litera
  • Lumen
  • Lux
  • Materia
  • Minty
  • Morph
  • Pulse
  • Sandstone
  • Simplex
  • Sketchy
  • Spacelab
  • United
  • Yeti
  • Zephyr
  • Dark
  • Cyborg
  • Darkly
  • Quartz
  • Slate
  • Solar
  • Superhero
  • Vapor

  • Default (No Skin)
  • No Skin
Collapse

The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Bidenomics At Work

Bidenomics At Work

Scheduled Pinned Locked Moved General Discussion
262 Posts 14 Posters 10.5k Views
  • Oldest to Newest
  • Newest to Oldest
  • Most Votes
Reply
  • Reply as topic
Log in to reply
This topic has been deleted. Only users with topic management privileges can see it.
  • George KG Offline
    George KG Offline
    George K
    wrote on last edited by
    #177

    https://www.nbcnews.com/business/business-news/family-dollar-closing-nearly-1000-stores-where-why-rcna143148?cid=sm_npd_nn_tw_ma&taid=65f1c688215c780001f4b6dc&utm_campaign=trueanthem&utm_medium=social&utm_source=twitter

    "Now look here, you Baltic gas passer... " - Mik, 6/14/08

    The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

    1 Reply Last reply
    • JollyJ Offline
      JollyJ Offline
      Jolly
      wrote on last edited by
      #178

      BTW, since we're producing oil at an unheard of rate under The Rez, why has gas gone up 60/gallon cents in 60 days?

      “Cry havoc and let slip the DOGE of war!”

      Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

      taiwan_girlT 1 Reply Last reply
      • JollyJ Jolly

        BTW, since we're producing oil at an unheard of rate under The Rez, why has gas gone up 60/gallon cents in 60 days?

        taiwan_girlT Offline
        taiwan_girlT Offline
        taiwan_girl
        wrote on last edited by
        #179

        @Jolly said in Bidenomics At Work:

        BTW, since we're producing oil at an unheard of rate under The Rez, why has gas gone up 60/gallon cents in 60 days?

        "Refinery utilization."

        One example:
        https://www.reuters.com/business/energy/power-loss-forces-bp-shut-biggest-us-midwest-refinery-2024-02-02/

        A friend of a friend was telling me what a nightmare that will be to restart that refinery. It is many many years old, and has been revamped and changed, etc. Probably never fully shut down in 50 years.

        1 Reply Last reply
        • JollyJ Offline
          JollyJ Offline
          Jolly
          wrote on last edited by
          #180

          Ma'am, I don't think we down here, get a pint of gas from that refinery.

          “Cry havoc and let slip the DOGE of war!”

          Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

          taiwan_girlT 1 Reply Last reply
          • JollyJ Jolly

            Ma'am, I don't think we down here, get a pint of gas from that refinery.

            taiwan_girlT Offline
            taiwan_girlT Offline
            taiwan_girl
            wrote on last edited by
            #181

            @Jolly Exactly, so to replace the gas that is lost because of the shutting down of that refinery, it comes from other refineries, like those close to you.

            Supply decreases. Demand no change. Prices increase.

            1 Reply Last reply
            • JollyJ Offline
              JollyJ Offline
              Jolly
              wrote on last edited by
              #182

              But, but, Mr. Biden is producing lots of petroleum!

              “Cry havoc and let slip the DOGE of war!”

              Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

              1 Reply Last reply
              • taiwan_girlT Offline
                taiwan_girlT Offline
                taiwan_girl
                wrote on last edited by
                #183

                LOL. @jolly. I think you are stretching a bit to blame the higher gas prices on President Biden.

                Its like me saying that it is all President Trump's fault that he did not get more refineries built when he was president. That is what is the current cause of the short refinery ultiltization.

                Im sure that @Renauda probably has better insight on capacity and demand in oil market.

                1 Reply Last reply
                • AxtremusA Offline
                  AxtremusA Offline
                  Axtremus
                  wrote on last edited by
                  #184

                  If you want new refineries "now" the time to start building them was 4~5 years ago.

                  JollyJ jon-nycJ 2 Replies Last reply
                  • AxtremusA Axtremus

                    If you want new refineries "now" the time to start building them was 4~5 years ago.

                    JollyJ Offline
                    JollyJ Offline
                    Jolly
                    wrote on last edited by
                    #185

                    @Axtremus said in Bidenomics At Work:

                    If you want new refineries "now" the time to start building them was 4~5 years ago.

                    Marathon was built in 1977. The next U.S. refinery was permitted and built during the Trump Administration.

                    Is Mr. Resident permitting any new refineries?

                    “Cry havoc and let slip the DOGE of war!”

                    Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                    taiwan_girlT 1 Reply Last reply
                    • JollyJ Jolly

                      @Axtremus said in Bidenomics At Work:

                      If you want new refineries "now" the time to start building them was 4~5 years ago.

                      Marathon was built in 1977. The next U.S. refinery was permitted and built during the Trump Administration.

                      Is Mr. Resident permitting any new refineries?

                      taiwan_girlT Offline
                      taiwan_girlT Offline
                      taiwan_girl
                      wrote on last edited by
                      #186

                      @Jolly said in Bidenomics At Work:

                      built during the Trump Administration.

                      Started up in 2022, due the overall guidance of President Biden. LOL

                      The reason the refinery was construct was to make ULSD (Ultra low sulfur diesel) for ships. The requirement for ULSD for ships was passed in during President Obama term, so we can say that he was responsible for this building of the refinery. (Even though the sulfur requirement is an international requirement)

                      (My point is that it is a stretch to say that one president or another is solely responsible for high/low gas prices. There is so so much out of their control)

                      JollyJ 1 Reply Last reply
                      • AxtremusA Axtremus

                        If you want new refineries "now" the time to start building them was 4~5 years ago.

                        jon-nycJ Offline
                        jon-nycJ Offline
                        jon-nyc
                        wrote on last edited by
                        #187

                        @Axtremus said in Bidenomics At Work:

                        If you want new refineries "now" the time to start building them was 4~5 years ago.

                        Probably more like 20 years ago or more. We don’t like to build things anymore.

                        Only non-witches get due process.

                        • Cotton Mather, Salem Massachusetts, 1692
                        CopperC 1 Reply Last reply
                        • jon-nycJ jon-nyc

                          @Axtremus said in Bidenomics At Work:

                          If you want new refineries "now" the time to start building them was 4~5 years ago.

                          Probably more like 20 years ago or more. We don’t like to build things anymore.

                          CopperC Offline
                          CopperC Offline
                          Copper
                          wrote on last edited by Copper
                          #188

                          @jon-nyc said in Bidenomics At Work:

                          We don’t like to build things anymore.

                          Front page this morning.

                          Demand growing for subs, workers

                          Newport News Shipbuilding hiring thousands as Navy’s needs continue to rise

                          By Caitlyn Burchett Staff writer

                          As the demand for nuclear-powered submarines increases, Newport News Shipbuilding said it’s working to hire 3,000 skilled trades workers this year and a total of 19,000 within the decade.

                          https://enewspaper.dailypress.com/html5/desktop/production/default.aspx?pubid=f5d212d2-1993-47fc-8d61-7dad92f77671&edid=3ca73816-70fe-4ae5-856c-42fcef7a74e2

                          a9367f9f-9163-482c-a696-c468fbe93d3b-image.png

                          1 Reply Last reply
                          • jon-nycJ Offline
                            jon-nycJ Offline
                            jon-nyc
                            wrote on last edited by
                            #189

                            👍

                            Only non-witches get due process.

                            • Cotton Mather, Salem Massachusetts, 1692
                            1 Reply Last reply
                            • taiwan_girlT taiwan_girl

                              @Jolly said in Bidenomics At Work:

                              built during the Trump Administration.

                              Started up in 2022, due the overall guidance of President Biden. LOL

                              The reason the refinery was construct was to make ULSD (Ultra low sulfur diesel) for ships. The requirement for ULSD for ships was passed in during President Obama term, so we can say that he was responsible for this building of the refinery. (Even though the sulfur requirement is an international requirement)

                              (My point is that it is a stretch to say that one president or another is solely responsible for high/low gas prices. There is so so much out of their control)

                              JollyJ Offline
                              JollyJ Offline
                              Jolly
                              wrote on last edited by
                              #190

                              @taiwan_girl said in Bidenomics At Work:

                              @Jolly said in Bidenomics At Work:

                              built during the Trump Administration.

                              Started up in 2022, due the overall guidance of President Biden. LOL

                              The reason the refinery was construct was to make ULSD (Ultra low sulfur diesel) for ships. The requirement for ULSD for ships was passed in during President Obama term, so we can say that he was responsible for this building of the refinery. (Even though the sulfur requirement is an international requirement)

                              (My point is that it is a stretch to say that one president or another is solely responsible for high/low gas prices. There is so so much out of their control)

                              The refinery I was referring to worked with shale oil. Wasn't familiar with a ULSD refinery. Where's it at and how big is it?

                              “Cry havoc and let slip the DOGE of war!”

                              Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                              taiwan_girlT 1 Reply Last reply
                              • JollyJ Jolly

                                @taiwan_girl said in Bidenomics At Work:

                                @Jolly said in Bidenomics At Work:

                                built during the Trump Administration.

                                Started up in 2022, due the overall guidance of President Biden. LOL

                                The reason the refinery was construct was to make ULSD (Ultra low sulfur diesel) for ships. The requirement for ULSD for ships was passed in during President Obama term, so we can say that he was responsible for this building of the refinery. (Even though the sulfur requirement is an international requirement)

                                (My point is that it is a stretch to say that one president or another is solely responsible for high/low gas prices. There is so so much out of their control)

                                The refinery I was referring to worked with shale oil. Wasn't familiar with a ULSD refinery. Where's it at and how big is it?

                                taiwan_girlT Offline
                                taiwan_girlT Offline
                                taiwan_girl
                                wrote on last edited by
                                #191

                                @Jolly It is the Texas International Terminals refinery in Galveston, Texas in the south of the US. It is small for a refinery however.

                                But I think that is the only "brand new" refinery to be build in the US recently.

                                1 Reply Last reply
                                • George KG Offline
                                  George KG Offline
                                  George K
                                  wrote on last edited by
                                  #192

                                  https://www.cbsnews.com/news/joann-bankruptcy-filing-stores/?ftag=CNM-00-10aab7e&linkId=363930095

                                  Fabric and crafts retailer Joann declared bankruptcy on Monday amid spending cutbacks from consumers and higher operating costs. The retail chain said it plans to keep its 800-plus stores open while it works through the restructuring process.

                                  Hudson, Ohio-based Joann, which filed for Chapter 11 bankruptcy, reported between $1 billion and $10 billion in debt. In court documents filed Monday, the retailer blamed higher costs from shipping overseas products, as well as waning consumer demand.

                                  As part of its bankruptcy, Joann said it has received about $132 million in new financing and expects to reduce its balance sheet's funded debt by about $505 million. The financing is "a significant step forward" to help Joann continue operating its stores, Scott Sekella, Joann's chief financial officer said in a statement.

                                  The filing marks the latest in a series of major retailers that have filed for bankruptcy in recent years, including GNC, J.C. Penney and Party City. Brick-and-mortar retailers have struggled as Americans have increasingly shifted their spending to online rivals such as Amazon.com.

                                  In Joann's case, the company was buoyed in the early days of the pandemic as the shutdown spurred some consumers to take up crafts and other projects. But during the past two years, Joann's sales have tumbled, with the company blaming consumer cutbacks due to inflation and other economic challenges.

                                  "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                  The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                                  Doctor PhibesD 1 Reply Last reply
                                  • George KG George K

                                    https://www.cbsnews.com/news/joann-bankruptcy-filing-stores/?ftag=CNM-00-10aab7e&linkId=363930095

                                    Fabric and crafts retailer Joann declared bankruptcy on Monday amid spending cutbacks from consumers and higher operating costs. The retail chain said it plans to keep its 800-plus stores open while it works through the restructuring process.

                                    Hudson, Ohio-based Joann, which filed for Chapter 11 bankruptcy, reported between $1 billion and $10 billion in debt. In court documents filed Monday, the retailer blamed higher costs from shipping overseas products, as well as waning consumer demand.

                                    As part of its bankruptcy, Joann said it has received about $132 million in new financing and expects to reduce its balance sheet's funded debt by about $505 million. The financing is "a significant step forward" to help Joann continue operating its stores, Scott Sekella, Joann's chief financial officer said in a statement.

                                    The filing marks the latest in a series of major retailers that have filed for bankruptcy in recent years, including GNC, J.C. Penney and Party City. Brick-and-mortar retailers have struggled as Americans have increasingly shifted their spending to online rivals such as Amazon.com.

                                    In Joann's case, the company was buoyed in the early days of the pandemic as the shutdown spurred some consumers to take up crafts and other projects. But during the past two years, Joann's sales have tumbled, with the company blaming consumer cutbacks due to inflation and other economic challenges.

                                    Doctor PhibesD Offline
                                    Doctor PhibesD Offline
                                    Doctor Phibes
                                    wrote on last edited by
                                    #193

                                    @George-K said in Bidenomics At Work:

                                    https://www.cbsnews.com/news/joann-bankruptcy-filing-stores/?ftag=CNM-00-10aab7e&linkId=363930095

                                    Fabric and crafts retailer Joann declared bankruptcy on Monday amid spending cutbacks from consumers and higher operating costs. The retail chain said it plans to keep its 800-plus stores open while it works through the restructuring process.

                                    Hudson, Ohio-based Joann, which filed for Chapter 11 bankruptcy, reported between $1 billion and $10 billion in debt. In court documents filed Monday, the retailer blamed higher costs from shipping overseas products, as well as waning consumer demand.

                                    As part of its bankruptcy, Joann said it has received about $132 million in new financing and expects to reduce its balance sheet's funded debt by about $505 million. The financing is "a significant step forward" to help Joann continue operating its stores, Scott Sekella, Joann's chief financial officer said in a statement.

                                    The filing marks the latest in a series of major retailers that have filed for bankruptcy in recent years, including GNC, J.C. Penney and Party City. Brick-and-mortar retailers have struggled as Americans have increasingly shifted their spending to online rivals such as Amazon.com.

                                    In Joann's case, the company was buoyed in the early days of the pandemic as the shutdown spurred some consumers to take up crafts and other projects. But during the past two years, Joann's sales have tumbled, with the company blaming consumer cutbacks due to inflation and other economic challenges.

                                    Oh my God, my daughter will be devastated. That place is her idea of heaven.

                                    I was only joking

                                    LuFins DadL 1 Reply Last reply
                                    • Doctor PhibesD Doctor Phibes

                                      @George-K said in Bidenomics At Work:

                                      https://www.cbsnews.com/news/joann-bankruptcy-filing-stores/?ftag=CNM-00-10aab7e&linkId=363930095

                                      Fabric and crafts retailer Joann declared bankruptcy on Monday amid spending cutbacks from consumers and higher operating costs. The retail chain said it plans to keep its 800-plus stores open while it works through the restructuring process.

                                      Hudson, Ohio-based Joann, which filed for Chapter 11 bankruptcy, reported between $1 billion and $10 billion in debt. In court documents filed Monday, the retailer blamed higher costs from shipping overseas products, as well as waning consumer demand.

                                      As part of its bankruptcy, Joann said it has received about $132 million in new financing and expects to reduce its balance sheet's funded debt by about $505 million. The financing is "a significant step forward" to help Joann continue operating its stores, Scott Sekella, Joann's chief financial officer said in a statement.

                                      The filing marks the latest in a series of major retailers that have filed for bankruptcy in recent years, including GNC, J.C. Penney and Party City. Brick-and-mortar retailers have struggled as Americans have increasingly shifted their spending to online rivals such as Amazon.com.

                                      In Joann's case, the company was buoyed in the early days of the pandemic as the shutdown spurred some consumers to take up crafts and other projects. But during the past two years, Joann's sales have tumbled, with the company blaming consumer cutbacks due to inflation and other economic challenges.

                                      Oh my God, my daughter will be devastated. That place is her idea of heaven.

                                      LuFins DadL Offline
                                      LuFins DadL Offline
                                      LuFins Dad
                                      wrote on last edited by
                                      #194

                                      @Doctor-Phibes said in Bidenomics At Work:

                                      @George-K said in Bidenomics At Work:

                                      https://www.cbsnews.com/news/joann-bankruptcy-filing-stores/?ftag=CNM-00-10aab7e&linkId=363930095

                                      Fabric and crafts retailer Joann declared bankruptcy on Monday amid spending cutbacks from consumers and higher operating costs. The retail chain said it plans to keep its 800-plus stores open while it works through the restructuring process.

                                      Hudson, Ohio-based Joann, which filed for Chapter 11 bankruptcy, reported between $1 billion and $10 billion in debt. In court documents filed Monday, the retailer blamed higher costs from shipping overseas products, as well as waning consumer demand.

                                      As part of its bankruptcy, Joann said it has received about $132 million in new financing and expects to reduce its balance sheet's funded debt by about $505 million. The financing is "a significant step forward" to help Joann continue operating its stores, Scott Sekella, Joann's chief financial officer said in a statement.

                                      The filing marks the latest in a series of major retailers that have filed for bankruptcy in recent years, including GNC, J.C. Penney and Party City. Brick-and-mortar retailers have struggled as Americans have increasingly shifted their spending to online rivals such as Amazon.com.

                                      In Joann's case, the company was buoyed in the early days of the pandemic as the shutdown spurred some consumers to take up crafts and other projects. But during the past two years, Joann's sales have tumbled, with the company blaming consumer cutbacks due to inflation and other economic challenges.

                                      Oh my God, my daughter will be devastated. That place is her idea of heaven.

                                      It’s a restructuring… She’ll be fine. But really? What does she do? Apparel?

                                      The Brad

                                      Doctor PhibesD 1 Reply Last reply
                                      • AxtremusA Offline
                                        AxtremusA Offline
                                        Axtremus
                                        wrote on last edited by
                                        #195

                                        Sen. Joe Manchin on the American energy policy:

                                        https://wapo.st/43jrOol

                                        Joe Manchin: Our energy policy is a success. President Biden should be proud.

                                        I want to congratulate President Biden for the record-breaking energy production we are seeing in America today. The United States is producing more oil, gas and renewable energy than ever before. We are exporting more fossil fuel energy than we import. Our country has never been more energy-independent than we are today.

                                        .
                                        This is something to celebrate. And it would not have been possible without the Inflation Reduction Act and the Bipartisan Infrastructure Law that Biden signed. Thanks to these two historic laws, we are unlocking major opportunities throughout the country, implementing an “all-of-the-above” energy strategy that we need today while continuing to innovate the technologies we want for tomorrow.
                                        ...

                                        1 Reply Last reply
                                        • LuFins DadL LuFins Dad

                                          @Doctor-Phibes said in Bidenomics At Work:

                                          @George-K said in Bidenomics At Work:

                                          https://www.cbsnews.com/news/joann-bankruptcy-filing-stores/?ftag=CNM-00-10aab7e&linkId=363930095

                                          Fabric and crafts retailer Joann declared bankruptcy on Monday amid spending cutbacks from consumers and higher operating costs. The retail chain said it plans to keep its 800-plus stores open while it works through the restructuring process.

                                          Hudson, Ohio-based Joann, which filed for Chapter 11 bankruptcy, reported between $1 billion and $10 billion in debt. In court documents filed Monday, the retailer blamed higher costs from shipping overseas products, as well as waning consumer demand.

                                          As part of its bankruptcy, Joann said it has received about $132 million in new financing and expects to reduce its balance sheet's funded debt by about $505 million. The financing is "a significant step forward" to help Joann continue operating its stores, Scott Sekella, Joann's chief financial officer said in a statement.

                                          The filing marks the latest in a series of major retailers that have filed for bankruptcy in recent years, including GNC, J.C. Penney and Party City. Brick-and-mortar retailers have struggled as Americans have increasingly shifted their spending to online rivals such as Amazon.com.

                                          In Joann's case, the company was buoyed in the early days of the pandemic as the shutdown spurred some consumers to take up crafts and other projects. But during the past two years, Joann's sales have tumbled, with the company blaming consumer cutbacks due to inflation and other economic challenges.

                                          Oh my God, my daughter will be devastated. That place is her idea of heaven.

                                          It’s a restructuring… She’ll be fine. But really? What does she do? Apparel?

                                          Doctor PhibesD Offline
                                          Doctor PhibesD Offline
                                          Doctor Phibes
                                          wrote on last edited by Doctor Phibes
                                          #196

                                          @LuFins-Dad said in Bidenomics At Work:

                                          Oh my God, my daughter will be devastated. That place is her idea of heaven.

                                          It’s a restructuring… She’ll be fine. But really? What does she do? Apparel?

                                          She makes cosplay outfits for herself and her friends, dresses for herself, random projects like hats. Some of them are really good. She made a couple of hundred bucks selling cuddly toy things she'd made at college on Valentine's Day. It's also a good mental-health activity. The problem, as with everything she does, is she's a perfectionist, and when things don't go quite right things can get quite fraught.

                                          I was only joking

                                          LuFins DadL 1 Reply Last reply
                                          Reply
                                          • Reply as topic
                                          Log in to reply
                                          • Oldest to Newest
                                          • Newest to Oldest
                                          • Most Votes


                                          • Login

                                          • Don't have an account? Register

                                          • Login or register to search.
                                          • First post
                                            Last post
                                          0
                                          • Categories
                                          • Recent
                                          • Tags
                                          • Popular
                                          • Users
                                          • Groups