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Tri-State Speedway surface
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6/10/22, 7:09 PM | #31 | ||
Senior Member
Race Count This Year: 50 Join Date: Jul 2007 Posts: 7,289 |
But let’s hear it for the double cheeseburgers. They were on point Sunday night. 😉
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Jen Kelley (she/her)
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6/10/22, 9:29 PM | #32 | ||
Senior Member
Join Date: Sep 2017 Posts: 636 |
Quote:
What this causes is oil companies, and all corporations, to worry more about stock price than productivity. Stock price, today, is about speculation, not productivity. Schlumberger, the largest oilfield service company in the world, lost billions in 2020, laid off a 1/3rd of their workforce, squeezed ALL of their suppliers for pricing concessions, cut cost to the bone, and made their stock price skyrocket because investors liked their “fiscal discipline”. They didn’t complete any wells (aka “frac”) to get that stock price. They cut cost and lived off their stock price. The banks figured this out and decided they liked this strategy better than the usual borrow and spend and overproduce and drive the price of oil down cycle that we’ve gone through for the past 25 years. So here we sit. Oil production is stalled because fund managers like fiscal discipline, oil companies like higher stock prices, and everyone that knows nothing can blame it on supply chain issues, labor shortages, and the inability to drill on federal land in Texas (which comprises less than 2% of the drillable acreage in Texas). In reality, the government hasn’t done anything to stifle production. But what do I know. I’ve only been living this roller coaster for 25 years. LET’S TALK ABOUT RACING! |
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6/10/22, 10:36 PM | #33 | ||
Senior Member
Join Date: Sep 2008 Posts: 4,288 |
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6/10/22, 11:54 PM | #34 | |
Member
Join Date: Jun 2022 Posts: 89 |
Just responding to someone else that brought non-racing things into the conversation.
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6/11/22, 10:05 AM |
#35
Re: Tri-State Speedway surface
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Senior Member
Join Date: Jul 2011 Posts: 901 |
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6/11/22, 1:18 PM |
#36
Re: Tri-State Speedway surface
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Senior Member
Join Date: Jul 2007 Posts: 17,311 |
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6/11/22, 1:33 PM |
#37
Re: Tri-State Speedway surface
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Member
Join Date: Jul 2007 Posts: 185 |
My point exactly Brent. Pretty tired of propaganda housed in a racing forum. You get that BS everywhere else online, this used to be a free zone from people pushing an agenda, I guess no more. And to SW1911, I am conservative in nature and have taught economics for 35 years, don’t try to school me with your particular brand of BS.
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Tri-State Speedway surface
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