Bidenomics At Work
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GOLDMAN SACHS: "The CHIPS Act and Inflation Reduction Act are boosting US manufacturing construction substantially. New incentives have boosted spending on manufacturing-related construction and should boost manufacturing equipment investment and employment soon too."
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@Axtremus said in Bidenomics At Work:
@Jolly said in Bidenomics At Work:
Now, give me the debt figures since
the IRAReagan ...The goalposts are at the back of the end zone, not across the street from the parking lot.
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@Jolly said in Bidenomics At Work:
Well, that's a used Corolla and a studio apartment on the East Coast...
In rural Delaware maybe.
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@Rich said in Bidenomics At Work:
a decent little house in the $250-275k range
Three years ago, a conventional (30 year) 80% mortgage on that house would have cost you about $1137 a month.
Today, the same loan is $1746. More than $7,000 a year more.
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We’re setting oil production records under Biden.
U.S. oil production is forecast to average an all-time high of 12.8 million barrels a day this year and keep growing to 13.1 million in 2024, the federal Energy Information Administration said in its latest forecast. That’s up from the most recent trough of 5 million barrels a day in 2008, and probably enough to help the U.S. to keep its title as the No. 1 global crude oil producer.
But what about federal lands?
In fact, though, oil production from federal lands and waters has risen on Biden’s watch, reaching past 3 million barrels per day last year. The high mark during President Donald Trump’s term was 2.75 million barrels a day.
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@jon-nyc said in Bidenomics At Work:
We’re setting oil production records under Biden.
U.S. oil production is forecast to average an all-time high of 12.8 million barrels a day this year and keep growing to 13.1 million in 2024, the federal Energy Information Administration said in its latest forecast. That’s up from the most recent trough of 5 million barrels a day in 2008, and probably enough to help the U.S. to keep its title as the No. 1 global crude oil producer.
But what about federal lands?
In fact, though, oil production from federal lands and waters has risen on Biden’s watch, reaching past 3 million barrels per day last year. The high mark during President Donald Trump’s term was 2.75 million barrels a day.
At that rate, how long will it take to replenish the SPR?