Miscellaneous And Off Topic Subjects

[Dr. Strangelove]

Biden may get some token resistance from some young Prog. But Bernie already said he won't run if Biden's running.

On the other side it seems like Chris Christie and Pence are running but who else that could drain away support from DeSantis? I assume most of the people from 2016 will be sitting this one out.

[iam416]

Yeah, the battle will be whether the "not DJT" candidate can get to 40%. I would think DeSantis would obliterate Christie and Pence, but who knows. They only need to take 5-6% apiece and DeSantis is probably fucked.

Again, a DJT-Chairman rematch is the worst realistically conceivable election in the hisotry of the universe.

[THE_WIZARD_]

a DJT-Chairman rematch

Good Lord....that will be like Pee Wee Herman debating Francis in Pee Wee's Big Adventure.....

"...no I'm not...you are..."

God help us.

[Hannibal]

If Christie and Pence run, they'll get less than 2% of the vote if DeSantis is running.

[crashcourse]

kimberly Ye won the arizona treasurer race

Who is kimberly ye you may ask--a republican who won her statewide race by 300,000 votes

Why is this significant you say?

well both hobbs and lake got 1.2 million votes

which means for those voted mostly democrat for govenor--1/4 of them crossed over to vote for the republican Ye

or for those who voted straight ticket republican--1/4 of them voted for ye only then crossed over to vote hobbs, mark kelly and whoever finchem ran against.

strange how a republican that far down the ticket would do so well statewide while the rest of the ticket sucked

[THE_WIZARD_]

Who was in charge of the AZ election again? I forgot.

[Dr. Strangelove]

The Republican running for AG could still win. That race was only a few hundred votes separating the two.

FWIW also Kimberly Ye was the only Republican incumbent running. Everyone else would have been brand new.

[crashcourse]

that must be one helluva popular republican state treasurer who nobody ever heard of to win her race by 300,000 while every other republican candidate is losing including the AG right now

FIX

[CGVT]

They rejected election denying dumbasses.

Dumbass

[Hannibal]

Milo Yiannopolous is a brilliant and charismatic but also a very crazy person. But one thing he has always articulated perfectly is the state of mind of the Republican electorate. He went on the Tim Pool podcast recently to talk about it. It’s two hours, but very much worth listening to. He's spot on on his commentary about the Republican leadership and their betrayal (once again) of the base. He was a very early identifier of the Trump phenomenon and why it occurred.

I think that he’s dead wrong about DeSantis vs Trump though.

[iam416]

Well, what's the tl;dr -- does Crazy Milo think Ronald has a chance?

[Hannibal]

Well, what's the tl;dr -- does Crazy Milo think Ronald has a chance?

No -- he thinks that he has zero chance.

If you don't have two hours, the first twenty minutes has a lot of good content.

[iam416]

Yeah, his blaming the R party "establishment" for 2022 is horseshit. You and I ain't ever gonna see eye to eye on that. But, I know where Milo's politics are, too.

The actual Trump voters -- the two-time Trump voters -- that I know are ready for a change. Now, that's more suburban than rural. But, again, he's operating with a hard ceiling and if his floor drops a little that's an opening.

I do think he's completely right about the schaudenfreude aspect to politics today. But the disconnect is that he blames to Rs losing out on that on the establishment.

[froot loops]

kimberly Ye won the arizona treasurer race

Who is kimberly ye you may ask--a republican who won her statewide race by 300,000 votes

Why is this significant you say?

well both hobbs and lake got 1.2 million votes

which means for those voted mostly democrat for govenor--1/4 of them crossed over to vote for the republican Ye

or for those who voted straight ticket republican--1/4 of them voted for ye only then crossed over to vote hobbs, mark kelly and whoever finchem ran against.

strange how a republican that far down the ticket would do so well statewide while the rest of the ticket sucked

Incumbency, how do it work?

[Jeff Buchanan]

From Barron's - part of my November free reads. tl.dr ..... gas prices are down, will keep going down but not likely below $3/g nationally. A few states with lower gas taxes will get below 3 bucks by March when gasoline inventory hits a high.

Gasoline prices are now less than 10% above last year’s levels, marking the first time this year that the price gap between today and a year ago has narrowed to the single digits.The average gas price is now $3.74 per gallon across the country, versus $3.41 a year ago, a 9.7% gap. There’s reason to believe that prices will keep falling.

The major reason that gas prices are falling now is that supplies of gasoline are outstripping demand. In its latest market report, the Energy Information Administration, or EIA, reported that refiners made 9.6 million barrels of gasoline per day in the week that ended November 11, up from 9.5 million the week before. Gasoline demand, meanwhile, came in at 8.8 million barrels. All told, refiners put 2.2 million barrels of gasoline into storage during the week, lifting total gasoline inventory levels within 1.9% of last year’s levels.

Refiners are making enormous profits by pumping out jet fuel and diesel, which is in short supply in the U.S. and elsewhere. Because of how refineries work, they also end up making gasoline when they refine crude into diesel. So as diesel capacity rises, gasoline capacity does too—even if gasoline is no longer profitable for refiners. Refining a barrel of diesel can net refiners $60, and jet fuel might fetch $50, said Tom Kloza, the global head of energy analysis at the Oil Price Information Service, or OPIS. Gasoline, meanwhile, offers almost no margin at all. “You’re gonna sell your gasoline maybe at breakeven,” Kloza said. OPIS is owned by the same parent company as Barron’s.

Refiners like Valero (ticker: VLO) and Phillips 66 (PSX) are making enough on diesel that there’s little doubt they’ll be solidly profitable this quarter. But there won’t be much profit coming from gasoline.

“Refiners are probably saying, ‘We’re very, very happy with making a lot of money for diesel and for jet fuel. But what are we going to do in January with all this gasoline?” Kloza said.

The amount of gasoline that Americans are using is still down by double-digits from 2019, and there are few signs that it will return to prepandemic levels anytime soon. Given traditional seasonal patterns, there’s a good chance that demand will fall below 8 million barrels per day before the end of the year, leaving an even bigger gap between supply and demand. By early next year, it is likely gasoline prices will be down on a year-over-year basis, Kloza says.

“Come around March of 2023, we’re going to have gasoline price deflation,” Kloza said. “We’re going to be looking at lower prices than we paid a year ago for the first time in a couple of years.”

It’s unlikely that average national gasoline prices will fall below $3 this year, but more drivers will be able to fill up for less than $3 in certain states, Kloza said. Already thousands of stations in states like Mississippi are posting prices of less than $3. Higher-cost states like California, however, will continue to boost the national average price.