Thread regarding Chevron Corp. layoffs

Good article on how Trump Administration will affect oil markets (mostly negative impacts expected): http://www.agsiw.org/trump-administration-set/

one excerpt: "Countering the potential for higher prices from escalating geopolitical issues, Trump’s economic policies may threaten global oil demand growth, which would add downward pressure on oil markets. A general unease about the outlook for the global economy has emerged since Trump’s election, with heightened fears of weaker economic growth in an already fragile global economy. Oil analysts are focused on Trump’s campaign platform of protectionism and unfriendly trade policies with their inherent risk of undermining economic activity and negative impact on the engines of global oil demand growth. Trump’s threats to renegotiate the North American Free Trade Agreement have caused particular concern for the region’s economic outlook. Trump stated on September 27 that “NAFTA is the worst trade deal maybe ever signed anywhere, but certainly ever signed in this country” but, like much of his pre-election statements, he may be forced to scale down his hard-line position, especially since it will surely face opposition in Congress."

I'm content and fortunate to be living apart from the likes of the common man and the diverse crowd. I am far above those people in wealth, class and education to be bothered with their problems and mundane lifestyles. I had a longterm career in senior management at Chevron and after 37 years retired to my dream home on 15 acres of land in Lake Tahoe. Life is so good.

@LoGLyr6-5drv, diversity includes all races, religions, and s-xual orientations. There is nothing to say that valuing diversity means being anti-white or racist. It means being non-discriminatory.

@LoGLyr6-5zpp, why did millions of people across the world (2.9 million in America alone) march against Trump yesterday?

5zzp, uniendo? Yeah, we know what Trump means. He means white nationalism and rejection of the strength of diversity that makes America great. It's not a coincidence that he continues to use the term 'America First' given its history.

"America First" may have been used by others decades before. That doesn't mean it can't be said again. I know what America First means to me and what it means to President Trump. Don't be disingenuous either, 5twb. You too know exactly what Trump means by America First. Quit with your uniendo.

Here is background on 'America First' movement in the 1930s in America: https://www.washingtonpost.com/posteverything/wp/2017/01/20/president-trumps-america-first-slogan-was-popularized-by-nazi-sympathizers

The fact that Trump uses the term 'America First' given its background is concerning to many Americans, given his authoritarian tendencies.

I don't understand "America first".

Possibly it's because US military intervention's are "sold" to the US public as helping the invaded country or "freeing" people. If the geopolitical rationale was clearly explained and we could have an open conversation about it maybe more Americans would understand how the the Government is acting in the interest of Americans (at least in their perception).

I'm an American Nationalist and proud of it. For too long our politicians and New Worlf Order "progressives" have given up our wealth and power to other countries including "our allies". No more! From now on and hopefully for the next 8 years and beyond... America First will be the theme and credo. That's not to say the rest of the world is not important, only that for us, our country must come first all the time and in every way when dealing with our friends and our enemies. National pride always.

Fundamentally this is culture war, logic facts results are not important

Universal Healthcare is a myth. It's Universal Insurance. Nothing about the practice of medicine has been improved by the government. The fact is ACA has hindered not only the person seeking Healthcare but the person providing it. Insurance companies have nothing to do with the improvements in auto safety. The market, which is the buyer and seller, has demanded and thus provided the technology that makes the car safer, not the insurance company or the government. For the a-- who brings up seat belt law, manufacturers put these in cars way before any law was established. The practice of Executive Action or Mandate is and will always be the shadow form of Totalitarism, no matter the party affiliation. America First is not Isolationism or Dictatorial, it is the "put your air mask on first and then help your neighbor (passenger)" rule. Elitism is not born from those un/under-educated who work in factories, on farms, offshore, or plants, it is a product of American colleges and universities that are taught by idealists who never left the insulated world of academia. Pride in your country is no more boastful than pride in your family. Being an American is an honor and a privilege that requires hard work and sacrifice. Freedom does not reward everyone a trophy for participating. So, put on your big boy pants, take your thumb out of your mouth, sit down and STFU or leave. We The People will allow you to choose your path but we are done shouldering the burden of the consequences your path may bring.

@3sve, the individual mandate was something that was recommended by the conservative Heritage Foundation. I think what it goes to show is how far the GOP today is from where they used to be. It's amazing that so many Republicans now admire Vladimir Putin compared to prior days when he would be considered our arch enemy (and is still considered by many to be that today).

Just because other countries do something does not mean the United States has to do the same. Other countries do not have governing documents like our constitution and bill of rights. I guess you are ready to give those up too. Auto insurance is mandated by individual States, not the federal government and only for those that choose to have a driver's license, not for everyone. Nice try liberals, but those are not valid answers. The Hugo Chavez comparison is laughable. Hugo is a big believer in government ownership and control of wealth redistribution. Many epic fails from the usual liberal talking points. That is exactly why Donald Trump won, yet you all still are unable to understand.

@3anx, are you saying that the ACA's attempt to provide universal healthcare is the best example of a slide into authoritarianism? All other OECD countries have universal healthcare, so are they authoritarian regimes? The ACA tax is like any other tax that funds government programs (e.g. Medicare, Soc. Security). Also, what Bernie sanders was advocating for is far from a Venezuela model. He was arguing for something that looks more like a European/Scandinavian model of a socialist democracy.

That is really rich 3bux. It is liberal social policies supported by democrats and rino republicans that is the engine of authoritarianism. The best example is the ACA which 'mandates' the purchase of health insurance or pay a penalty tax. This is the first time in the history of this country that citizens are required to purchase a product under penalty of noncompliance. A precedent has been set that did not exist before. Add in all the penalties for imagined hate speech and microaggressions with threats of lawsuits or even loss of employment. It is liberals who want to control. I am beyond happy that Hillary and the other communist/progressive new world order liberals are not in the White House. Venezuela is the perfect example of a Bernie Sanders utopia.

3bux, I appreciate you doing this. When countries slide into authoritarianism, it's often asked what did average citizens do to stop it? I think it's our responsibility to call out lies and propaganda, wherever it is. I love this country too and the only way it can remain a thriving democracy is with engaged and informed citizens maintaining standards of decency and integrity.

Now we have a President who is a chief peddler on falsehoods. Anything he doesn't like he calls fake News and he promulgates easily disprovable conspiracy theories, such as Obama's birth certificate, Muslims in NJ cheering after 9/11, massive voter fraud and illegal immigrants voting in the 2016b election, climate change being a hoax invented by the Chinese etc. This is how autocratic rulers behave, they create their own reality. We are headed down that road.

@3uhn - If you can't take the time to do simple fact checking before you post then why should anyone pay attention to anything you have to say. You should hold yourself to the same standard that you hold the people you criticize.

@3uhn - You're twisting what she said. She never said she didn't love her country. I think she has demonstrated her love of country many times over in the last 8 years. In fact so much so that Melania actually plagerized her. So I guess M hates the US too, otherwise why would she copy her. On the other hand Donald bashes all the previous Presidents and nominees, the intelligence community that puts its life on the live for us, and anyone else that he feels threatened by. The only thing Donald loves is himself. He'll feign loving his country as long he thinks it helps him personally.

If we look at the totality of how Michelle Obama has conducted her life versus the way Donald Trump has conducted his, Michelle has set a much better example. That said, she was not the President and he is. Now he has to govern and get results, and he and most of the people in his cabinet have zero experience in government. They have a monumental task ahead to keep America safe and grow the economy in a dangerous and dynamic world.

Yes, it was said during the campaign not after the election. The fact that she said it at all is an embarrassment. In her entire life, this was the first time? How can anyone defend that? Now, Trump has said, or allegedly said, some juvenile and disgusting things, but has never said that he only became proud of this country when he reached the age of 43. You can love your country and be a jerk and you can also not love your country and be well mannered. Which would you prefer?

These are 2 of the most revealing quotes of Michelle Obama. 'This is the first time in my adult life I have been proud of my country.' (When her husband, Barack Obama, was first elected.) 'This is what hopelessness feels like'. (From her recent appearance on the Oprah Winfrey show.) No doubt that Barack Obama has the same thoughts about this nation. He famously referred to the unwashed (white) masses as people who are bitter and cling to their guns and religion. I am glad this guy will be gone in a few hours.

Donald Trump will be sworn in as the 45th President of the United States. He is the most unpopular president-elect in history and spends much of his time tweeting insults at news organizations and Hollywood actors instead of learning how to be President. He has totally mismanaged the transition, leaving many national security positions unfilled (http://foreignpolicy.com/2017/01/18/trumps-national-security-team-is-missing-in-action/) and has shown no interest in attending national security briefings. The combination of conflicts of interest and incompetence is unparalleled. He will face much resistance, domestically and internationally.

In a little over 12 hours from now Donald Trump will be sworn in as the 45th president of the USA. Strange, yet good times are ahead. The entire political and globalist establishment will be under threat like never before. I hope it will be good for the energy industry.

I don't know about all of that rhetoric, but I agree that the economy has improved "In spite of" Obama's policies, not because of. Most of what he has done costs the tax payers and was a failure. I do not consider bailing out private corporations with tax-payer dollars sound economic policy, although I realize that was begun under Bush. Indeed the president has very little to do with the Stock market performance. If at all, Congress, who control the purse, have a much greater influence. I do think you guys are giving lying cheating, deceiving politicians way more credit than they deserve, from both parties. The stock market is cyclical. get used to it. You youngsters will learn.

FALSE - Obama inherited a financial crisis from George W. Bush. - FALSE(From DEMOCRATIC POLICIES, MOSTLY CLINTON'S and BUSH's DEMOCRAT CONGRESS) Under Obama's two terms the stock market has tripled, (HAS NOTHING TO DO WITH OBAMA, IF FACT THE RECOVERY HAS BEEN ANEMIC BECAUSE OF OBAMA, IN FACT THE MARKET HAD NO WHERE TO GO BUT UP, HELLO!) domestic oil and gas production has soared(WHAT??? LOOK AGAIN, without your blindfold ) and imports cut (due to CAFE fuel economy standards), unemployment has been cut in half and the deficit steadily reduced.FALSE FALSE FALSE

What does $20 Trillion in National Debt look like to you? Bush's fault ?( no major wars under Obama - he added more debt than all presidents before him combined" deficit" is meaningless and a liberal non-achievement because it's all they can argue that has decreased)

What does the highest number in poverty in the history of the US look like? - Obama's legacy

What does the highest number of people in the US(not all Americans) on entitlements look like?- Obama's legacy

What does the Lowest workforce percentage since the 70's look like? - Obama's legacy

What does more income disparity and racial divisiveness than ever in the history of the US look like? - Obama's legacy

Well, in reality, when you take off your rose colored glasses, it looks like the pathetic state of the US today. There's a reason why Obama's pathetic legacy was voted against in the last election. But you guys keep drinking the koolaid and believing the deceptive low BLS so-called "unemployment rate" an other liberal fantasies as you watch your co-workers walk out the door. Get a clue, people!

@2qmf , I'd ask the same thing of you, if there was any doubt at all, but there's none - LMAO!

@1goe, thanks for the links, especially the Bloomberg article. This week Trump said that the border tax was too complicated and oil markets responded accordingly. https://www.bloomberg.com/news/articles/2017-01-18/trump-s-remarks-seen-deflating-millions-in-oil-options-trades

@1goe, thanks for the links. The Bloomberg article is quite interesting. This week Trump said the border tax is too complicated, and this affecting markets: https://www.bloomberg.com/news/articles/2017-01-18/trump-s-remarks-seen-deflating-millions-in-oil-options-trades

Yes, coherent policy is not one of Trump's strengths.

Oil exploration companies will not be included in any of this. There is already significant CAPEX investment in domestic exploration. The very nature of oil, natural gas and mineral mining is different from manufacturing. Natural resources cannot be physically moved within the earth to some politically or economically preferred location. They are where they are. I am not at all concerned about it.

Will the supermajors get bullied into allocating their CAPEX budgets in the U.S. the way Trump is threatening the auto companies? What happened to the Republican philosophy of free market economics? Here we have the president-elect threatening individual companies on Twitter. Don't know why he wouldn't go after the oil companies the same way.

There will be terrible financial crisis net month. Huge denomination of dollar within several months. everything will happen very quickly and you all won't be able to do anything to save what you have. You all will huge financial losses.

gqp, that only includes the people collecting unemployment benefits. It doesn't include the long term unemployed, who still haven't found jobs after their unemployment benefits run out.

Obama's decision to save the U.S. auto industry was significant. Job growth for 73 straight months.

Unemployment has been cut in half? Funny. That would explain the ever growing popularity of the layoff.com.

@1nau, Obama inherited a financial crisis from George W. Bush. Under Obama's two terms the stock market has tripled, domestic oil and gas production has soared and imports cut (due to CAFE fuel economy standards), unemployment has been cut in half and the deficit steadily reduced. What exactly are you referring to?

One thing we can say for sure is that Trump will be good for Russia. His criticisms of the EU and NATO play right into Russia's hand. Very likely he will try to lift sanctions on Russia to enable oil deals between XOM and Russia. Likely to be unfavorable for U.S. firms doing business in Mexico, Iran and Iraq.

Lot of potential impacts here. This article has a good summary: http://www.forbes.com/sites/michaellynch/2016/12/13/possible-fallout-for-the-oil-industry-from-the-next-president/#3a3f66cd360c

Generally free trade is good for economic growth which stimulates demand for oil. Trade wars will reduce economic growth and reduce demand. He could also cause geopolitical conflict which may raise prices.

My question was related to trade policy and not his tax returns.

"Free Trade" (quotes deliberate) has been a cornerstone of US trade policy for last 50 odd years.

I can imagine US oil companies facing new headwinds in:

Mexico

Iran

Iraq

Obama had started the process of walking away from the Sunni alliance US created after 78, maybe Trump reverses it?

There is lot in play here.