What's more important in this country now? Is it important industries or the rather expendable members of a statistical population of bipedal hominids that are able to reproduce in order to reinvigorate their numbers?

You know you are living in a bad situation when capitalism, corporations, industry and the wealthy take full precedence over the average human life and millions of citizens and they don't even try to keep it secret anymore. I mean, at least do a coverup rather than throwing it in our faces so blatantly as if there is nothing we can do about it, so HAHA? You lose! So what?

Gee, and you would think paying taxes would assure that we get OUR money's worth and I do recall that it had something to do with the common health and wealth of the people in general. Or, maybe I was just dreaming.

One thing I love to do when I am around some Rethug trying to get all patriotic with me is get them to quote the Preamble. Now, when one of these leeches starts off, I nod and nod... until they invariably downplay the most important part of it (in my opinion). They go all out on WE the people... they get all teary-eyed when they say '...provide for the common defense...'. Then, they suddenly get real subdued and quiet on the next four words. You know them... PROMOTE THE GENERAL WELFARE! It doesn't way 'promote the wealthy only'... it doesn't say 'promote the general welfare EXCEPT...'. Nothing is more amazing that watching them squirm when you keep on hammering those four words and how this concept helps this country more than anything they will ever do. It is past time for us to remind the oligarchs and uber-wealthy in this country that these words are in there and are as important, if not more so, than anything else in that Preamble or that Constitution. That is out founding document, and anyone who wants to pick and choose from it while ignoring the rest is just working their own agenda. Which makes them um_American as far as I am concerned. (The corrupting of that same document for the benefit of the wealthy is another discussion for another time.)

....Hurting, that will be the straw that breaks the GOP backs in the House, Senate, White House for a generation.

The ones in our state don't even want to pay fair taxes when they are awash in money. They lobby constantly so they don't have to support schools, or roads or anything! Our state will go down the tubes quickly with the cost of oil because they have been owned by the Oil and gas companies for so long they have not diversified one lick.

You beat me to it and said it better.

Good one!

The more times and places it's said by more people the Better.

What a fucking ass...................

Is it November yet.................................

Oil may never again trade for prolonged periods above $50 a barrel, which is where it becomes profitable for frackers.

This is just wasted money, using the government to intervene and pick winners (theirs).

Why are Russia and the Saudis pumping like crazy? Use it or lost it. Monetize oil in the ground now, or lose it forever when alternative energy is 80% of energy production.

I'll call it. Fracking is going extinct.

It will also take tremendous amounts of fossil fuels just to build the infrastructure to generate 80% of energy from 'alternatives'.

THat kind of number is way, way in the future, if it happens at all.

That being said, the reason Russia and Saudi's would pump like crazy is as you otherwise hinted ... crush the US fracking companies.

I prefer mine because I know I'm right, but I respect yours. Have a nice day!

Fossil fuels will be worthless any day now ...

a fracked well loses 40-50% of its production in the first year
if theres no new fracking then us production craters
leading to a supply shortage
and a price spike
right now theres a surplus of about 2-3 M barrels a day of oil supply (if SA pumps like they say)
if there is no new fracking the surplus will be eliminated in 6-9 months and then the shortage will cause oil to spike to maybe 60-70 a barrlleor more.

The biggest most well paid welfare queens ever.
Shut off the tap for oil...

Can't take much more of this assholes BULLSHIT!!! To add here I wish the House could STOP this bullshit!

If investors want to support polluters, let them. I do not want my tax dollars to bail out people who are helping to destroy the planet. Politicians always claim that we can’t afford to lose jobs. Then subsidize green energy and create new jobs!

how come they're never expected to put something aside for a rainy day?

Shale company business models require constant borrowing for expansion. If they can’t get credit they can’t expand. Plus what assets they do have are devalued in an energy price collapse. It’s a double whammy.

One of the companies in my area, Chesapeake Energy is not expected to survive this. Another one of our local companies, the owner lost $2 billion Monday, half his net worth which is tied to company stock. All of this illustrates something you touched on — the business model is BAD.

And what happens to the rank and file workers on the bottom rungs of the oil corporate ladder? What happens to those in the travel businesses working in the service industry?? That's where the money should go, to all the people on the lower rungs of ALL the industries hot by the virus. The corporations don't need help. They can do it the old fashion way, cough up some that bloated top tier pay and dig their own way out. In other words corps pull up yourself up by your own freaking bootstraps!

People go bankrupt from stupid investment. Too bad. These Fracking assholes borrowed from banks for infrastructure that was not in existence. The banks were promised billions from the resource and gladly loaned hundreds of billions on a promise. So again, it will be the bank's WE bail out for stupid investments. Saudie Arabia/Russia knows they can kill our economy with their slashing prices by pumping like hell. They hate us. They hate and use trump. Remember, 9/12 were Saudies. They have/are destroying our democracy, creating hate between us and now destroy our economy all under their ignorant puppet. America will be burned to the ground, no nukes, no bullets, no invasion. Just an idiot and a corrupt GOP bought and paid for by Russia. God be blessin MurKKka. Conservatives my damn ass, the debt is soaring higher than the fake stock market. The deficit almost double under trump. Same ole, same ole GOP, Greed Over People.

I have a question for anyone who has knowledge of this stuff. If they keep giving these tax cuts so that the gazillionaires don't have to pay taxes, then they are bailing out the farmers (who are suffering because of the tariffs, so self-imposed), then they are now going to bail out the oil industry, the dropped the fed rates again, and the military spending - not to mention the friggin stupid wall and the stock market tanking, and now talking about reducing the payroll tax - it seems to me that there is allot going out and things have been put in place to reduce the funding coming in.

How do they think this is magically going to balance or help America? And what is the possible outcome from these decisions?

I mean, its probably a rhetorical question, but I'm just trying to understand how in the world they can justify this. and i don't mean 45 because i know he doesn't give a crap, i'm talking about the others who are allowing this, voting for it, or justifying it. How?

thanks, I'd like to learn something about this because i truly don't understand.

annette

I don't have any good answers as to why they are doing this to us and our country. Maybe just because they can.

Magical thinking. Trumpism can't work without it.

1. There are no rules, and

2. If anything bad happens, the federal government must bail them out..

The Republican party has brought about their own socialist nightmares.

like it or not we are dependent on oilright now. that may change but for right now thats a simple fact.
the russian/saudi price war is going to crush a lot of us oil companies
the price war has crushed oil prices but if nothing is done oil will osar in the not to distant future. thats the nature of fracking especially in west texas.
Shale oil wells drop off in production extremely fast. 30-40% in a year or more
with prices this low and with probably 50% of the oil drillers possibly going bankrupt without aid (especially the smaller ones) there will be no replacement for the drop off in production. based on current forecasts we could easily go from an oil glut to a serious shortfall in 6-9 months.
this will make prices spike. we could easily see $70-80 crude or more and the US would be at the mercy of saudi and russian oil companies for production

- DACA
- immigration

no deal no $$$$


plain and simple

assaulted of the planet and everyone on it?

Fuck them. We can talk after they start paying taxes.

We now life under the rule of a puppet of a foreign fascist dictator.
So get over it. Stop even trying to make sense of all the corrupt insanity in terms of what we once had. Lower your expectations. Corporate welfare for the corrupt billionaires is the new norm. Fuck the Russian mob.