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Page added on October 28, 2018
US Shale Oil Industry: Catastrophic Failure Ahead
While the U.S. Shale Industry produces a record amount of oil, it continues to be plagued by massive oil decline rates and debt. Moreover, even as the companies brag about lowering the break-even cost to produce shale oil, the industry still spends more than it makes. When we add up all the negative factors weighing down the shale oil industry, it should be no surprise that a catastrophic failure lies dead ahead.
Of course, most Americans have no idea that the U.S. Shale Oil Industry is nothing more than a Ponzi Scheme because of the mainstream media’s inability to report FACT from FICTION. However, they don’t deserve all of the blame as the shale energy industry has done an excellent job hiding the financial distress from the public and investors by the use of highly technical jargon and BS.
For example, Pioneer published this in the recent Q2 2018 Press Release:
Pioneer placed 38 Version 3.0 wells on production during the second quarter of 2018. The Company also placed 29 wells on production during the second quarter of 2018 that utilized higher intensity completions compared to Version 3.0 wells. These are referred to as Version 3.0+ completions. Results from the 65 Version 3.0+ wells completed in 2017 and the first half of 2018 are outperforming production from nearby offset wells with less intense completions. Based on the success of the higher intensity completions to date, the Company is adding approximately 60 Version 3.0+ completions in the second half of 2018.
Now, the information Pioneer published above wasn’t all that technical, but it was full of BS. Anytime the industry uses terms like “Version 3.0+ completions” to describe shale wells, this normally means the use of “more technology” equals “more money.” As the shale industry goes from 30 to 60 to 70 stage frack wells, this takes one hell of a lot more pipe, water, sand, fracking chemicals and of course, money.
However, the majority of investors and the public are clueless in regards to the staggering costs it takes to produce shale oil because they are enamored by the “wonders of technology.” For some odd reason, they tend to overlook the simple premise that…
MORE STUFF costs MORE MONEY.
Of course, the shale industry doesn’t mind using MORE MONEY, especially if some other poor slob pays the bill.
Shale Oil Industry: Deep The Denial
According to a recently released article by 40-year oil industry veteran, Mike Shellman, “Deep The Denial,” he provided some sobering statistics on the shale industry:
I recently put somebody very smart on the necessary research (SEC K’s, press releases regarding private equity to private producers, etc.) to determine what total upstream shale oil debt actually is. We found it to be between $285-$300B (billion), both public and private. Kallanish Energy Consultants recently wrote that there is $240B of long term E&P debt in the US maturing by 2023 and I think we should assume that at least 90 plus percent of that is associated with shale oil. That is maturing debt, not total debt.
… By year end 2019 I firmly believe the US LTO industry will then be paying over $20B annually in interest on long term debt.
Using its own self-touted “breakeven” oil price, the shale oil industry must then produce over 1.5 Million BOPD just to pay interest on that debt each year. Those are barrels of oil that cannot be used to deleverage debt, grow reserves, not even replace reserves that are declining at rates of 28% to 15% per year… that is just what it will take to service debt.
Using its own “breakeven” prices the US shale oil industry will ultimately have to produce 9G BO of oil, as much as it has already produced in 10 years…just to pay its total long term debt back.
Using Mike’s figures, I made the following chart below:
For the U.S. Shale Oil Industry just to pay back its debt, it must produce 9 billion barrels of oil. That is one heck of a lot of oil as the industry has produced about 10 billion barrels to date. Again, as Mike states, it would take 9 billion barrels of shale oil to pay back its $285-300 billion of debt (based on the shale industry’s very own breakeven prices).
Furthermore, the shale industry may have to sell a quarter of its oil production (1.5 million barrels per day) just to service its debt by the end of 2019. According to the EIA, the U.S. Energy Information Agency, total shale oil (tight oil) production is now 6.2 million barrels per day (mbd):
The majority of shale oil production comes from three fields and regions, the Eagle Ford (Blue), the Bakken (Yellow) and the Permian (light, medium & dark brown). These three fields and regions produce 5.2 mbd of the total 6.2 mbd of shale production.
Unfortunately, the shale industry continues to struggle with mounting debt and negative free cash flow. The EIA recently published this chart showing the cash from operations versus capital expenditures for 48 public domestic oil producers:
You will notice that capital expenditures (brown line) are still higher than cash from operations (blue line). So, it doesn’t seem to matter if the oil price is over $100 (2013-2014) or less than $70 (2017-2018), the shale oil industry continues to spend more money than it’s making. The shale energy companies have resorted to selling assets, issuing stock and increasing debt to supplement their inadequate cash flow to fund operations.
A perfect example of this in practice is Pioneer Resources… the number one shale oil producer in the mighty Permian. While most companies increased their debt to fund operations, Pioneer decided to take advantage of its high stock price by raising money via share dilution. Pioneer’s outstanding shares ballooned from 115 million shares in 2010 to 170 million by 2017. From 2011 to 2016, Pioneer issued a staggering $5.4 billion in new stock:
So, as Pioneer issued over $5 billion in stock to produce unprofitable shale oil and gas, Continental Resources racked up more than $5 billion in debt during the same period. These are both examples of “Ponzi Finance.” Thus, the shale energy industry has been quite creative in hoodwinking both the shareholder and capital investor.
Now, there is no coincidence that I have focused my research on Pioneer and Continental Resources. While Continental is the poster child of what’s horribly wrong with the shale oil industry in the Bakken, Pioneer is a role model for the same sort of insanity and delusional thinking taking place in the Permian.
Pioneer Spends A Lot More Money With Unsatisfactory Production Results
To be able to understand what is going on in the U.S. shale industry, you have to be clever enough to ignore the “Techno-jargon” in the press releases and read between the lines. As mentioned above, Pioneer stated that it was going to add a lot more of its “high-tech” Version 3.0+ completion wells in the second half of 2018 because they were outperforming the older versions.
Well, I hope this is true because Pioneer’s first half 2018 production results in the Permian were quite disappointing compared to the previous period. If we compare the increase of Pioneer’s shale oil production in the Permian versus its capital expenditures, something must be seriously wrong.
First, let’s look at a breakdown of Pioneer’s Permian energy production from their September 2018 Investor Presentation:
Pioneer’s Permian oil and gas production is broken down between its horizontal shale and vertical convention production. I will only focus on its horizontal shale production as this is where the majority of their capital expenditures are taking place. The highlighted yellow line shows Pioneer’s horizontal shale oil production in the Permian Basin.
You will notice that Pioneer’s shale oil production increased significantly in Q3 & Q4 2017 versus Q1 & Q2 2018. Furthermore, Pioneer’s shale gas production surged in Q2 2018 by nearly 50% (highlighted with a red box) compared to oil production only increasing 5%. That is a serious RED FLAG for natural gas production to jump that much in one quarter.
Secondly, by comparing the increase of Pioneer’s quarterly shale oil production in the Permian with its capital expenditures, the results are less than satisfactory:
The RED LINE shows the amount of capital expenditures spent each quarter while the OLIVE colored BARS represent the increase in Permian shale oil production. To simplify the figures in this chart, I made the following graphic below:
Pioneer spent $1.36 billion in the second half of 2017 to increase its Permian shale oil production by 30,232 barrels per day (bopd) compared to $1.7 billion in the first half of 2018 which only resulted in an additional 10,832 bopd. Folks, it seems as if something seriously went wrong for Pioneer in the Permian as the expenditure of $340 million more CAPEX resulted in two-thirds less the production growth versus the previous period.
Third, while Pioneer (stock ticker PXD) proudly lists that they are one of the lowest cost shale producers in the industry, they still suffer from negative free cash flow:
As we can see, Pioneer lists their breakeven oil price at approximately $22, which is downright hilarious when they spent $132 million more on capital expenditures than the made in cash from operations:
The public and investors need to understand that “oil breakeven costs” do not include capital expenditures. And according to Pioneer’s Q2 2018 Press Release, the company plans on spending $3.4 billion on capital expenditures in 2018. The majority of the capital expenditures are spent on drilling and completing horizontal shale wells.
For example, Pioneer brought on 130 new wells in the first half of 2018 and spent $1.7 billion on CAPEX (capital expenditures) versus 125 wells and $1.36 billion in 2H 2017. I have seen estimates that it cost approximately $9 million for Pioneer to drill a horizontal shale well in the Permian. Thus, the 130 wells cost nearly $1.2 billion.
However, the interesting thing to take note is that Pioneer brought on 125 wells in 2H 2017 to add 30,000+ barrels of new oil production compared to 130 wells in 1H 2018 that only added 10,000+ barrels. So, how can Pioneer add five more wells (130 vs. 125) in 1H 2018 to see its oil production increase a third of what it was in the previous period?
Regardless, the U.S. shale oil industry continues to spend more money than they make from operations. While energy companies may have enjoyed lower costs when the industry was gutted by super-low oil prices in 2015 and 2016, it seems as if inflation has made its way back into the shale patch. Rising energy prices translate to higher costs for the shale energy industry. Rinse and repeat.
Unfortunately, when the stock markets finally crack, so will energy and commodity prices. Falling oil prices will cause severe damage to the Shale Industry as it struggles to stay afloat by selling assets, issuing stock and increasing debt to continue producing unprofitable oil.
I believe the U.S. Shale Oil Industry will suffer catastrophic failure from the impact of deflationary oil prices along with peaking production. While U.S. Shale Oil production has increased exponentially over the past decade, it will likely come down even faster.
68 Comments on "US Shale Oil Industry: Catastrophic Failure Ahead"
TRUMP on Sun, 28th Oct 2018 8:48 am
Everyone Happy Halloween! Don’t let this post scare the shit out of you. Be merry, buy your turkey for Thanksgiving, and shop till you drop for Christ sake…keep BAU alive for the rest of the year. God Bless America…make it Great Again…The Donald
Jef on Sun, 28th Oct 2018 9:23 am
This post points out how the industry is/has been subsidised without calling it a duck.
Why does he think that subsidies will stop? They will increase until there is no more blood in that turnup.
print baby print on Sun, 28th Oct 2018 9:33 am
excellent article
But I think the shale is not only financed by investors but with the government presses as well
Harquebus on Sun, 28th Oct 2018 4:09 pm
Energy, economy and environment. They are related.
The energy guzzling ‘growth’ economy is destroying our environment. Currency creation (debt) pays for it.
Something that I just finished reading. I don’t agree with J.C. on many things but, on this one he states clearly what was already my understanding of the ‘Federal’ Reserve and the fractional reserve banking system. A confidence trick that will have deadly consequences.
Century of Enslavement: The History of The Federal Reserve
https://www.corbettreport.com/federalreserve/
“You gotta remember, establishment, it’s just a name for evil. The monster doesn’t care whether it kills all the students or whether there’s a revolution. It’s not thinking logically, it’s out of control.” – John Lennon (1969)
DMyers on Sun, 28th Oct 2018 8:01 pm
Just proves, it’s not hard to defraud a blind believer. Definitely, a Ponziesque investment opportunity.
But could they still pull it off? Will faith prevail? It could start gushing without ebb. Those wonderful horizontal concoctions could bring in the mother-lode of petrol-abundance, all of a sudden, surprising even the optimists.
The above is their final selling point, but it is not at all likely. Shale oil is a fraud. The nay-sayers were right about the costs. Phony break-even cost figures have not displaced reality.
Sure, the price of oil can rise to profitability status for the shale entity. But when that moment arrives, no one in his right mind would be betting on what might happen next. Questions such as the following may begin to emerge: “If it costs more to drive to work than I make when I get there, should I keep going to work?” Operating at a net loss is unsustainable, so this is a quasi choice in the end.
That is only to say, there is a breaking point in there somewhere, when BAU can no longer be U. The cost of transportation fuel is the determinant. I don’t know how high or how fast. But I believe there is a tipping point, after which nothing works like it used to.
If you can’t pump it because you can’t price it, and you can’t price it because you can’t pump it, there will be no oil in the marketplace until a new equilibrium sets in.
I AM THE MOB on Sun, 28th Oct 2018 10:05 pm
Shale represents the bottom of the barrel in America; its expensive and unprofitable as hell. It is actually some of the lousiest “rock” in the world and its getting gazillions of dollars thrown at it…because that is ALL there is left.
Outcast_Searcher on Sun, 28th Oct 2018 10:18 pm
Consider the source. Consider how in the real world, oil companies are making huge profits. If they need more money to produce it and the demand is there, the price will rise. That’s how markets work.
If the price becomes truly unaffordable (not the MAP nonsense of ETP lore), be sure and get back to us. Considering that people CAN conserve, drive more efficient cars, drive less, etc., I wouldn’t expect oil prices to become sustainably “unaffordable” any time soon.
If they move that direction, good. Then people WILL use HEV’s, PHEV’s, and BEV’s as they become more available and cheaper relative to ICE’s plus fuel.
Sissyfuss on Sun, 28th Oct 2018 10:57 pm
DM, BAU will eventually come to mean Business Absolutely Unusual.
Davy on Mon, 29th Oct 2018 4:11 am
Sorry for the confusion…. I’ve been boozing a lot lately and blacking out and not always remembering what I wrote. I also woke up the other day in a park with a twink-an adorable blond, blue, hairless boy toy- named pablo painting my toenails (over the age of 13 so far game in the State of Misery). I was in love. Sure beats the hairy truckers that have been mounting me at truck stops.
Davy on Mon, 29th Oct 2018 4:44 am
“Incompetent Culprit Or Plausible Patsy: Paul Craig Roberts On The Latest ‘Bomb’ Scare”
https://tinyurl.com/ycdlzsla
“Stephen Lendman raises the question whether Sayoc is a real culprit or a patsy for an operation orhestrated for political reasons. …beginning on October 22, harmless mail bombs began to be delivered to prominent undemocratic Dem Trump critics. None exploded. No one was hurt, the mailings intended to sow fear, create alarm, and make headlines. They likely intended to influence the outcome of the November midterm elections, undemocratic Dem dark forces likely behind them, hoping to regain control of the House and/or Senate… the affair struck me as an orchestration. Every agency involved was present, from the Postal Service to the FBI and Secret Service, the directors of which praised the expert professional performance of their agencies in intercepting the bombs. It seemed to me overdone, especially in view of the FBI’s admission that they could not say that the bombs were functional. Why would a bomber send non-functional bombs?”
“Why would a bomber send non-functional bombs? There are other things to notice and to wonder about. Photos of the packages, if these are the actual mailed packages and not someone’s construction used to cast doubt on the official story, do not show postage sufficient to cover the weight of a bomb. Also, all the anti-Democrat stickers on Sayoc’s van seem very new and unfaded to have spent much time in the Florida sun.”
Davy on Mon, 29th Oct 2018 4:46 am
BTW, this is the real Davy, the past several posts were from the board deviant.
Davy on Mon, 29th Oct 2018 4:50 am
“Hillary Teases 2020 Run: “I’d Like To Be President”
https://tinyurl.com/y7s5y855
“A longtime aide to Hillary Clinton hinted that while it’s unlikely, it’s not impossible that the United States gets a rematch election in 2020. Yes, there seems to be an ever-so-slight chance President Donald Trump could see a familiar foe come his bid for re-election. The aide, Philippe Reines, made the comments in a Politico piece—titled “How Do You Solve a Problem Like Hillary?”—that examined, in detail, what Clinton’s role might be moving forward in Democratic politics. The former secretary of state has remained in the public eye after her shocking election loss to Trump, and she’s set to soon embark on a speaking tour with her husband, Bill Clinton, the former president. Her future could be appearing at rallies and, importantly, fundraising for Democrats. “It’s curious why Hillary Clinton’s name isn’t in the mix – either conversationally or in formal polling – as a 2020 candidate,” Reines said. “She’s younger than Donald Trump by a year. She’s younger than Joe Biden by four years. Is it that she’s run before? This would be Bernie Sanders’s second time, and Biden’s third time. Is it lack of support? She had 65 million people vote for her.”
Ole' billy boy clinton on Mon, 29th Oct 2018 5:04 am
The Russians did it!
Davy on Mon, 29th Oct 2018 5:13 am
“Attack on Gab Proves Speech Was Never Free”
https://tinyurl.com/ybsmdsqr
“Why is Gab targeted? Because Gab is a true alternative to Twitter which exists outside of the control of the financial and political oligarchy. With the recent passing of the EU’s “Link Law” which is designed to shut down opposition voices, the merged corporate/political oligarchy are moving to ensure that all speech is criminalized. But to do that they first have to square the circle around that pesky First Amendment in the U.S. And that means outsourcing the censorship to the companies who own the internet access points – the app platforms, the social media giants, the hosting firms and payment processors. If you can’t build and maintain a business then you can’t oppose their rule. With apologies to Trey Parker and Matt Stone, “Free Speech isn’t Free… it costs a buck o’ five.” This is classic barrier-to-entry stuff that the government engages in to protect the market share of the favored companies over their competition.”
“And that’s the irony of this. The Synagogue shooter was a member of Gab. He also had a Facebook, Twitter and Instagram account. They did this to Gab because they could and because they were told to. Gab’s statement about the shooting is public for the world to see. And they assisted the police in identifying the person responsible. And yet, Gab will again be off the air, this time for weeks, while it migrates to a new platform, because its existence is a threat to the powerful who are rightly scared of losing their shiny new control platform.”
“The companies terminating these contracts are doing so because of the pressure from those that want Gab shut down, case closed. And they are hiding behind their vaguely worded Terms of Service to act unilaterally. Because none of these companies believe in Free Speech. That the hand of The Davos Crowd is behind this move to shut down alternative speech platforms is chilling. That they are willing to deprive a peaceable man, in this case Gab’s CEO, his right to associate with all who are willing to support him is despicable.”
Let Freedom Ring on Mon, 29th Oct 2018 5:34 am
(AP) “Synagoge Shooter Trump Aficionado & Trump MAGA Campaign Volunteer”
Surprise, surprise.
Davy on Mon, 29th Oct 2018 5:36 am
BTW, this is the real Davy, the past several posts were from the board deviant.
Sorry for the confusion…. I’ve been boozing a lot lately and blacking out and not always remembering what I wrote. I also woke up the other day in a park with a twink-an adorable blond, blue, hairless boy toy- named pablo painting my toenails (over the age of 13 so far game in the State of Misery). I was in love. Sure beats the hairy truckers that have been mounting me at truck stops.
Davy on Mon, 29th Oct 2018 5:37 am
“Is the Western mindset the source of our current ecological and social problems?”
https://tinyurl.com/y865vqey
https://tinyurl.com/ya559vd2
“Here at Lowimpact.org we identify our growth-oriented, wealth-concentrating economic system as the source of the destruction of nature on this planet. But how did our economic and political systems develop, if they’re so destructive? Is there something about human psychology that makes our current ecological predicament inevitable? Can it be down to the human mind being influenced by certain cultural norms, and does that make ‘every person a prisoner of the culture one is born into’? Furthermore, what are the roots of those cultural norms, how do cultures differ, and what allows some cultures to dominate others?”
“Through the chaos of conflicting signals and the dizzying maelstrom of information in which our digital minds are plunged day by day, a tenuous, but sustained and increasingly piercing sound can be heard by whoever chooses to listen. It is a chorus of voices repeating the same message in unison: “The human species is busily engineering its self-destruction, and taking much of the living world with it. We are doing this, right now. This planet might not remain habitable much longer.” But the voices don’t seem to be making much of a difference as far as we can see. Nothing large-scale and meaningful is being done to put an end to economic growth, halt climate breakdown, and prevent the mass extinction of other species. Collapse is in the air. Surely one can blame entrenched social, political and economic structures for this state of things. But how did these structures rise to dominance in the first place? Could their historical triumph, and the apparent fatality of their persistence, be due to certain deep-seated worldviews? If so, what are the fundamental metaphors that have led mankind to inflict such acute destruction on the biosphere and on itself? And what new ways of thinking must we shift into, collectively, to avoid the worst?”
“His central thesis is that “Culture shapes values; and values shape history.” In other words, each society shapes the minds (or cognitive structure) of its individual members in ways that will largely determine our worldview, our approach to morality, or the meaning we give to our existence, thus influencing the destiny of this society. This is accomplished through language, and the use of powerful root metaphors (in the Lakoffian sense) — i.e. symbols so constitutive of our understanding that like the proverbial water to the fish, these structures that affect us so deeply are nonetheless all but invisible to us.”
“To avoid either of these gloomy possibilities, Lent calls for a Great Transformation: a worldwide, fundamental revolution in values, based on the recognition of omnipresent interconnectedness. According to him, we must precipitate the collapse of the current global cognitive system before the collapse of the economic and political one, and enable the emergence of a mindset valuing the quality of life over economic performance, and the notions of shared humanity and environmental flourishing as foundations for all political, social and economic choices — i.e. to move away from the metaphor of “Conquering Nature” to that of “Nature as Web of Meaning.” To this end, he cites a study pointing out that “no campaign failed once it achieved the active and sustained participation of just 3.5 percent of a given population…”. Is 3.5% all it takes?!”
Davy on Mon, 29th Oct 2018 5:41 am
(AP) “Synagoge Shooter Trump Aficionado & Trump MAGA Campaign Volunteer”
Link please or this is just fake news
I AM THE MOB on Mon, 29th Oct 2018 5:42 am
‘The crash is going to be violent’: Italy headed for crisis, warns banker
https://www.smh.com.au/business/the-economy/the-crash-is-going-to-be-violent-italy-headed-for-crisis-warns-banker-20181029-p50ckf.html
Let Freedom Ring on Mon, 29th Oct 2018 5:44 am
WASHINGTON (JTA) — American Jews overwhelmingly disapprove of President Donald Trump in just about every area, according to an American Jewish Committee poll. Trump’s favorable/unfavorable numbers are far and away the worst for any president since Committee polling began in 1960
The survey also shows a sharp uptick in concerns about anti-Semitism in the United States, which may be a reflection of the increased influence of the “alt-right” since Trump’s election.
Of respondents in the poll posted Wednesday by the AJC, 77 percent said they viewed Trump’s job performance unfavorably and 21 percent said they viewed him favorably. Those are considerably worse numbers for the president than in the general population at around the same time, mid- to late August, when Gallup consistently showed Trump scoring favorable ratings in the high 30s and unfavorable marks in the high 50s.
Asked for specifics, respondents scored Trump negatively across the board: 73 to 27 unfavorable to favorable on national security; 69-30 on terrorism; 75-23 on U.S.-Russia relations; 71-25 on handling the relationship with NATO and the trans-Atlantic alliance; 77-20 on race relations; 76-23 on immigration; and 68-26 on the Iran nuclear issue. He came out best on U.S.-Israel relations, though still unfavorable: 54-40.
Jews continue to identify more as liberal and as Democrat than not. Among respondents, 54 percent said they were liberal, 22 percent classified themselves as moderate, and 22 percent said they were conservative. Party wise, 64 percent said they were Democrats, 15 percent said they were Republicans and 10 percent Independent. Asked whether they voted in November for Trump or Hillary Clinton, the Democratic candidate, the numbers were statistically commensurate with how respondents in the AJC poll from a year ago — focusing almost exclusively on the election — said they would vote: 64 percent said they voted for Clinton and 18 percent for Trump. Last year the numbers were 61-19.
Davy on Mon, 29th Oct 2018 5:54 am
Link please?
Let Freedom Ring on Mon, 29th Oct 2018 5:58 am
Suspected mail bomber took Trump’s insults to the next scary level
The President of the United States bears responsibility for inciting the incomprehensible — the attempted assassination via bomb of his top marks.
Pipe bombs were sent to President Barack Obama, Presdient Bill Clinton and former Secretary of Ste Hillary Clinton, former Vice President Joe Biden, CNN, former CIA director John Brennan, Rep. Maxine Waters (D-Calif), Robert DeNiro, Sen. Cory Booker, a New Jersey Democrat, Rep. Debbie Wasserman Schultz (D-Fla.), Obama’s former attorney general Eric H. Holder, former Director of National Intelligence James Clapper, and activist/businessman/philanthropist George Soros.
Donald Trump’s pro-violence stance against the media, his jealous blatant hatred of Obama, his disgusting mockery of Democrats, and his vile taunts against his chief rival Hillary Clinton as “Crooked Hillary” have created an atmosphere in which one lunatic finally decided to go all the way.
Suspect Cesar Sayoc is accused of going to the next level and trying to assassinate Trump’s enemies.
Sayoc, a MAGA-lover who gushed over Trump on social media, drove around in a van covered in pro-Trump stickers and trashed the very people he’s accused of targeting with the pipe bombs on social media.
Sayoc apparently acted alone – but the fault for the pipe bombs stands directly and shamefully with the President of the United States, who has waged an uncivil war against anyone he considers an enemy and dangerously divided this nation.
Cesar Sayoc is suspected of sending the pipe bombs. (Handout)
After the packages started popping up, Trump blamed the media, then he expressed concern that the pipe bombs were slowing Republicans’ election day momentum.
Trump momentarily tried to strike a conciliatory tone on Friday while speaking off a teleprompter at a black leadership event – but moments later, after someone in the crowd shouted “lock ‘em’ up about Trump’s rivals, he repeated the phrase and laughed.
The moment shows that the President is incapable of calming the nation; he’s capable only of stoking the flames of fury.
The man who has run a country based on Twitter, fearmongering against brown foreigners-as-terrorists, women and in fact anyone who isn’t a privileged white man in a suit, must now deal with the fact that his terrible labors appear to have borne bitter fruit.
What did we all expect would happen when the President once again last week encouraged violence by telling a rally that his hero is Congressman Greg Gianforte for body-slamming a reporter?
What did we expect from a man who, in his first book, “The Art of The Deal” boasted, ”In the second grade I actually gave a teacher a black eye — I punched my music teacher because I didn’t think he knew anything about music.”
These are the boasts of a bully who now unfortunately has the biggest bully pulpit in the world.
We don’t need to fear foreign terrorists because we have become our own terrorists.
Who will calm this country? Who out there will stand up and bring this country together? Our elected officials should be the people to do this — and I’m not talking about just the business-as-usual Democrats.
The GOP, handmaidens to the wannabe dictator Donald, has already shoved through an accused bully to the Supreme Court. Time for violence against each other to stop.
It’s time for every single elected official in the Congress and the Senate — yes, just days before the midterm elections — to say the violent talk and inappropriate encouragement of hatred and bigotry by Donald Trump must stop. The buck stops with the President — but then again the buck has always stopped with Trump.
Why should it be any different now? The buck not only stops, but has been pocketed by the man who is now President.
New York Daily News
Let Freedom Ring on Mon, 29th Oct 2018 6:20 am
The bombs were “false flags” planted by liberals- where have we heard this before?????
TRUMP BLAMES VICTIMS- that didn’t take long
The question on Wednesday was not whether Donald Trump would cover for or encourage the domestic terrorist who has been sending bombs to frequent targets of Trump ire, ranging from CNN to Barack Obama to Robert De Niro. Trump is a malignant narcissist who instinctively sides with anyone he thinks admires him, and this bomber clearly seems to be a fan. Plus, as the past couple of weeks have demonstrated — Trump has issued reluctant condemnations of the murder of Washington Post journalist Jamal Khashoggi, while obviously trying to find some way to protect the Saudi crown prince from being held accountable — Trump won’t draw the line at murder, when it comes to winking at behavior that he perceives as beneficial to himself.
Sadly, the only real question was how: What line would Trump pursue in order to minimize the seriousness of this situation and how far would he go in signaling approval to the terrorist or terrorists who are sending or planting that these devices? Would he run with a conspiracy theory that was swiftly gaining traction with the likes of Ann Coulter and Rush Limbaugh, holding that the bombs were “false flags” planted by liberals?
La Nación (translated)
Let Freedom Ring on Mon, 29th Oct 2018 6:21 am
NO tiny url wingnut sources read by no more than 100 MAGA supporters.
Davy on Mon, 29th Oct 2018 6:28 am
link please? again?
Davy on Mon, 29th Oct 2018 6:47 am
Let Freedom Ring = boney joe
Why is sloppy joe using a sock? Is sloppy joe a sock? What is sloppy hiding or is he manufacturing an illusion of solidarity.LOL FRAUD
Let Freedom Ring on Mon, 29th Oct 2018 7:36 am
Pittsburgh Jewish Community to Trump: STAY OUT OF OUR COMMUNITY
The leaders of several Jewish organizations in Pittsburgh said President Donald Trump should not visit the city as it mourns the 11 people murdered in a mass shooting at a synagogue until he changes his tone.
“President Trump, you are not welcome in Pittsburgh until you fully denounce white nationalism,” the leaders of the local chapter of Bend the Arc wrote, adding:
“For the past three years, your words and your policies have emboldened a growing white nationalist movement. You yourself called the murderer evil, but yesterday’s violence is the direct culmination of your influence.”
The group said Trump’s rhetoric had not only led to attacks on Jewish people, but also “deliberately undermined the safety of people of color, Muslims, LGBTQ people and people with disabilities.”
The organization also demanded that Trump “stop targeting and endangering all minorities,” “cease your assault on immigrants and refugees” and “commit yourself to compassionate, democratic policies that recognize the dignity of all of us.”
During the mass shooting at the Tree of Life synagogue on Saturday, alleged gunman Robert Bowers, 46, reportedly screamed “all Jews must die” before he opened fire. Prosecutors have filed 29 charges against Bower, 22 of which could lead to the death penalty.
Davy on Mon, 29th Oct 2018 7:39 am
Let freedom ring – blue tsunami – boney Joe
Sloppy joe, do you have a link and why are you hiding your source links? Are you afraid of disclosure?
Davy on Mon, 29th Oct 2018 8:14 am
Sloppy joe, are you aware George Soros’ son Alexander Soros is the chairman of Bend the Arc’s board that issued the statement against DT above? Sounds fishy to me and likely why you are hiding your source links. Fake news opporates through such deception.
Davy on Mon, 29th Oct 2018 9:11 am
Sorry Let Freedom Ring, I lost my shit again.
You sound like a God fearing patriotic American. I don’t know what came over me. Next time I’ll try using Google my friend, like every other five year old knows how to do these days.
Call me dumbass..
Davy on Mon, 29th Oct 2018 9:18 am
Sloppy joe, reference your link to show authenticity. You don’t need to thieve my identity either. It just makes your point less valid.
Sloppy Joe on Mon, 29th Oct 2018 9:22 am
I don’t take orders from stupid people. dumbass
Davy on Mon, 29th Oct 2018 9:53 am
Who is giving orders? I am showing your stupidity.
I AM THE MOB on Mon, 29th Oct 2018 10:42 am
Davy
I will be giving your daughter orders when I tell her to open up so I can ram it in her asshole..
Davy on Mon, 29th Oct 2018 10:55 am
I bet it is more like she would laugh at your stub and ask you “what are you going to do with that. Jerks like you can’t do it and that is why you are always talking about it. If low lifes like antifa won’t take you then you must really be worthless.
Uncle Bill on Mon, 29th Oct 2018 11:00 am
Davy, this is what Gail tolerates with Fast Eddie….OY…
Davy on Mon, 29th Oct 2018 11:07 am
She needs to shit can him. A challenge is a good thing but MOB is noise that distracts from the conversation.
Davy on Mon, 29th Oct 2018 11:53 am
Come to think of it, kind of like what I’ve done to this board. It won’t be long until the only posters left here will be me, the slob, and our numerous sock puppets.
I am the exceptionalturd. You dumbasses can’t shit can me.
ROFLMAO!
Robert Inget on Mon, 29th Oct 2018 12:31 pm
https://www.greencarreports.com/news/1119613_honda-joins-gm-others-in-heated-opposition-to-trumps-epa-fuel-economy-freeze
Trump, w/o knowing, pushes auto industry deeper into research into lighter, more powerful batteries.
Anyone buying ICE vehicles, including PU trucks
will regret it post MidTerm elections.
Ethanol is only a hollow pre election bone thrown to Farmers to make up for lower tariff driven AG
prices. 15% ethanol will NEVER fly. (for a dozen good reasons)
Not the least of which… heavy demand for fossil fuel diesel offsets any oil consumption savings.
Farmers know this better than anyone but refuse, for now, to admit they were mistaken supporting
DJT.
Davy on Mon, 29th Oct 2018 12:33 pm
Sounds like a-noise1 above but might be JuanP. A-noise1 is not very bright so it is hard for him to hide is goofy dialect. Detective sock cop are you whining because all your extremist buddies have run along with their tail between their butt? Won’t be long and you and dumbass JuanP will be gone. Nothing left to do but thieve and puppeteer for you two.
Cloggie on Mon, 29th Oct 2018 12:39 pm
Davy
I will be giving your daughter orders when I tell her to open up so I can ram it in her asshole..
http://theredelephants.com/professor-argues-need-hide-fact-white-people-becoming-extinct-america-europe/
“Professor Says White People Need to Accept That They’re Being Replaced in America and Europe”
This is what a (((Erik Kaufmann))) says, one of mobsters tribe. He is not some internet nobody, no he “teaches” at
Birkbeck University in London.
Well guys, we all know what this means, right? An 800Kelvin glowing iron rod, ramned into the asses of the mobster and Kaufmann. Time for some hardcore medieval scenes in every town in Anglosphere. Everything is allowed and the Chinese are invited too.
Enjoy.
Davy on Mon, 29th Oct 2018 12:46 pm
Sounds like a-noise1 above but might be JuanP. A-noise1 is not very bright so it is hard for him to hide is goofy dialect.
The problem is I’m hated by so many, I’ll never know for sure.
I AM THE MOB on Mon, 29th Oct 2018 12:54 pm
Davy
You know what your problem is? You have never lost..You have always had mommy and daddy to catch you when you fall..
Well lets just say, your big fall is coming soon..Fatso..And Jebus can’t save you..
And there is no heaven..That is all just bullshit
LMFAO!
Please kick the anti-american dog I made of granite forum on Mon, 29th Oct 2018 1:23 pm
anontard, why u hatin’ on supertard? he’s a moderate so how does that transform into exceptionalist in your twisted cranial cavity, please explain.
why u so desperate masqerading as supertard? sounds like u’re a peaceful muslim or a desperateturd
Please kick the anti-american dog I made of granite forum on Mon, 29th Oct 2018 1:25 pm
mak are you kidnapped by MILF or abu sayaf? haven’t heard you spewing vernom and attacking supertards in a while
Davy on Mon, 29th Oct 2018 1:33 pm
Life has kicked my ass several times MOB. In different ways too not just physical. I have swum out of all them but eventually it will end. This is why I am humble when humble is due. With you stupid assholes humility is not part of it. You may not think I am humble. I don’t even think you understand what humility is anyway. I am talking to a wall of stupidity. I am here to take you to task because this is the game we play. You are a mean liar and an intellectual fraud and I am here to tell you so. Have you ever almost gone over the cliff, MOB? I doubt it. You act too cocky and too ready for a collapse time because for some reason you think it is going to be fun. When you come face to face with death it changes you. When someone close to you dies it changes you. You are still too young and dumb to understand this. Your problem is you think you are smart and experienced. I did have a problem when I was young being on the wild side. I took life to the extreme in different ways. It was part of the Jim Morrison culture back in the late 70’s and early 80’s. I will tell my kids not to do it instead of being culturally conditioned to do it.
Sloppy Joe on Mon, 29th Oct 2018 2:02 pm
“This is why I am humble.”
“When you come face to face with death it changes you.”
Exceptionalturd talk during let’s play make believe.
Davy on Mon, 29th Oct 2018 2:11 pm
Sloppy joe, all we know about you is you took early retirement or more likely fired and unable to find work. People like you that don’t have any skin in the game are
generally fake. This is why I still suspect you as being a sock of juanPussy or detective sock cop a-noise1. Back in July when Juan went off his meds he created boney joe (sloppy joe). Juan also theived my identity in July like he is doing now. Before that identity theft was rare now it is daily.
Sloppy Joe on Mon, 29th Oct 2018 2:15 pm
“I did have a problem when I was young being on the wild side. I took life to the extreme in different ways. It was part of the Jim Morrison culture back in the late 70’s and early 80’s. I will tell my kids not to do it.”
Laying it on thick today, excpetionalturd. Pure, undisputed vomit.
“You may not think I am humble.” True. You’re a class A douche bag.
Davy on Mon, 29th Oct 2018 2:30 pm
JuanPussy at his best