Market at all time high.
https://www.marketwatch.com/amp/sto...ecord-highs-as-fed-decision-looms-11635845377
Unemployment dropping.
https://www.cnbc.com/2021/11/05/jobs-report-november-2021.html
GDP growth at 2.8%, which is higher than it was in 19.
All great news!! The country is back baby!
If I wasn't on a pitch count I'd bump all the threads of the clowns using those 3 metrics while Trump was president to say the economy is awesome. Clearly most here have a lack of basic self recognition.
Wages rose 0.4% for the month and were up 4.9% from a year ago.
And inflation is over 6%!
Real inflation is way up over 6% for the average joe - Food, gas, housing.
Fuel is up over 50% in some places.
Yet gas is basically the same as it was in 18 and shockingly you can't find posts of you guys (yes I said you guys) complaining about it.
When you were 18 was there fracking
No, but there was barry and fracking was a growth industry and despite of barry's drilling restrictions a growth industry. . Now stalled out for some reason under the dementia patient.
The Throbber has written a LOT of checks for hydraulic fracking fluid. Fracking has been around for decades.
What changed was the introduction of horizontal wells and drilling into shale formations like the Barnett and the Bakken. Different techniques and fluids applied over a much longer, potentially disruptive run of the lateral drill hole. That started in the late 90's/early 2000's.
There's some pretty interesting historical data on oil prices here.
https://www.macrotrends.net/1369/crude-oil-price-history-chart
Oil needs to stay in about the $60 +-/bbl range for the producers to make money and the public to remain relatively calm with regards to prices at the pump. Kind of interesting to see that oil prices under Obama/Biden are appreciably higher than under Bush/Trump. One would think just the opposite that it would be the greedy Republicans serving oil special interests.
Perhaps the Big Guy is getting his 10% off oil, too.