Harold Hamm

Discussion in 'Locker Room' started by mike412, Mar 15, 2020.

  1. mike412

    mike412 All American
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    Heard of him? I hadn’t. He is a businessman from Oklahoma who bacame a multi-billionare in the oil shale business. He is a close friend and major, major campaign donor to Trump.

    On September 16, 2019, the stock in Hamm’s company took a huge jump in price. According to Bloomberg News, the increase made Hamm $2 Billion richer. His total net worth is estimated at almost $200 Billion.

    About 10 days ago, the oil price war between Russia and the Saudis dramatically decreased the price of Hamm’s stock. He called Trump to complain and ask for financial relief. Apparently without talking to any economic advisers, Trump tweeted that he was going to propose massive federal relief for the American shale oil companies. The proposal was met with almost unanimous disinterest in Congress. Apparently, not even Republicans are prepared to bailout an oilman who lost back the $2 Billion stock gain he made last September.

    I think the story is Important because it demonstrates Trump’s shallow thinking on pretty much every issue. Whoever has his ear last is likely to get what they want. Hamm had it last. Despite the poor reception in Congress, which undoubtedly was reported to him, he went to a dinner at Mar-A-Lago last weekend with big donors (the one where he came into contact with the Brazilian who tested positive) and called for an “economic plan to combat the decline in the market, and included the oil shale proposal as one of the few specifics he mentioned.

    He also told the donors that the economic plan would make all of them much richer. The last time we heard that was when the Republicans slashed taxes for the 1% by more than $1 Trillion.
     
  2. pittiswhereiamfrom2

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    Are you sure you aren’t demonstrating the shallow thinking?

    You cannot possibly know the facts or breadth of conversations Trump had. You know literally nothing but the tiniest detail that may not even be accurate.

    Stick to young Ukrainians. They love the shallow thinking. :)
     
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  3. GT74

    GT74 All Conference
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    mike, did this surprise you? If it is accurate, it is just another example of his shallow thinking and catering to his rich comrades. It is well-known that he boasted about how much money he made his friends after the tax cut when they met in Mar-A-Lago. I am a moderate, and have voted Republican in the past, but Trump's behavior (and some actions) disgusts me. He is so unpresidential. I know politics is a no-no on message boards like this, but I know the OP will take heat, so I couldn't help myself, lol.
     
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  4. pittiswhereiamfrom2

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    Saying you are a moderate and have voted Republican in the past really means you are a Democrat, right?

    Just curious. :)
     
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  5. Gunga_Galunga

    Gunga_Galunga Sophomore
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    Why are you posting this here? It's bad enough that every other OT thread turns into a political debate, and you go and start a purely political thread.
     
    5 Gunga_Galunga, Mar 15, 2020
    Last edited: Mar 15, 2020
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  6. GT74

    GT74 All Conference
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    Yes, father worked in a mill, and was dependent on his union. He changed from Republican (who grandparents were) to Democrat 'for his job'. I followed suit and registered democrat, but really voted for who I liked or thought was best. I was a big Reagan fan, but also a Clinton fan later. Party partisanship has really been a detriment to this country, and I wish Pelosi, Schumer, and McConnell would be voted out. Maybe somethings would get done then, and the country could come together. It is divided more than ever now, and Trump has not helped in that respect.
     
  7. wbrpanther

    wbrpanther Lair Hall of Famer
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    What's the color of the sky in your world. This is business as usual for the Orange Moron.
     
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  8. pittiswhereiamfrom2

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    Understood. :)
     
  9. pittiswhereiamfrom2

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    So what, do you suppose, is the solution for this? (Please note: Appropriate answers should factor in that there is a real world and we live in that as opposed to a vacuum.)
     
  10. RaleighPittFan

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    I'm not even sure this thread is worthy of The Locker Room.

    Story telling with no links to back it up is simply, "Story telling".
     
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  11. DC_Area_Panther

    DC_Area_Panther Head Coach
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    Always multiple motivations for everything everyone in (and out of) politics does. It is amazing how many members of Congress get elected as people of modest means and retire very wealthy. No one with a lick of common sense doesn't realize they are all (Republican or Democrat or Independent ) getting rich from political favors and most often put self-interest ahead of the good of the country except when those two objectives happen to coincide.

    Where the good of the country and self interest may coincide is Trump's most recent action to order the fill up the National Petroleum Reserve. The Russia-Saudi dispute on oil production has driven the price of oil down hurting U.S. producers (no doubt including some of Trump's personal friends in the process) and exacerbating the financial crisis primarily driven by the coronavirus panic. Topping up the petroleum reserve on the cheap improves the country's future preparedness while simultaneously helping the US Oil Industry by counteracting to at least a modest degree the negative effect of the Russia-Saudi oil production dispute. If some of Trump's friends/donors are also helped in the process it will likely be an example of one of those times when the good of the country and a leader's self-interest happily coincide.
     
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  12. palpitt

    palpitt Freshman
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    Wisdom!
     
  13. Parkview57

    Parkview57 Freshman
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    Same reaction from the board.


    Will our linebackers play well enough to make our defense top 10 in the country?
     
  14. HailToPitt1985

    HailToPitt1985 Head Coach
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    Right. It seems the OP is good at story telling with the stories not providing any real substance to the issue at hand. Just another reason to ignore his posts as they lack facts and credibility. Another liberal sheep put in Ignore.
     
  15. recruitsreadtheseboards

    recruitsreadtheseboards Lair Hall of Famer
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    I heard this line this morning on an ABC News show. It is perfect.

    “We only believe things nowadays from people we want to believe”
     
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  16. GT74

    GT74 All Conference
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    Don’t you think it can be done? We need a president who is respected by the other side, and will work with them. Maybe someone who has done it before, and has experience in gov’t. An example? I said it before, I would vote for John Kasich if he was a candidate. Has worked across the aisle in different admins. Logical, experienced, and emotionally fit for the job.
     
  17. Gary77

    Gary77 Board of Trustee
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    This stuff belongs on the Locker Room site!
     
  18. CougarClaws

    CougarClaws Assistant Coach
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    Those names make me cringe. However other than Trump, it's not really about the people, but about the SYSTEM being broken. Too much $$ in politics these days....
     
  19. CougarClaws

    CougarClaws Assistant Coach
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    Campaign Finance Reform is the only answer IMO.
     
  20. CougarClaws

    CougarClaws Assistant Coach
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    Excellent point.
     
  21. pittiswhereiamfrom2

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    When the two sides are so far apart, John Kasich will fix it? This will happen because of his yinzer accent? Or through fantasy imagination?
     
  22. pittiswhereiamfrom2

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    Even worse... Too much money in government these days.
     
  23. NCPitt

    NCPitt Lair Hall of Famer
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    Nice story. I'll tell another version.

    Good ol' Harold probably has access to Trump, so he gives POTUS a call. "Donald, the shale oil business is hurting. With the Saudis allegedly targeting Russia by dropping their prices, they really targeted America's small companies producing shale oil. Y'know, that same shale oil that made America safer by turning us into a net exporter instead a net importer. Shale oil is expensive to produce and companies are losing money on every barrel at the current price level. Donald, these companies aren't the big boys like Exxon, but they are startups without the capacity to survive for long with negative margins. So, if you think that being energy independent is important, then you better do something to keep these boys in business."
     
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  24. pittbb80

    pittbb80 Head Coach
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    Energy independence is over rated as is national security. Much better to be dependent upon foreign oil. I’m sure when the admin addresses the pharma issue we’ll hear similar orange man bad stories
     
  25. ricflair4LIFE

    ricflair4LIFE Lair Hall of Famer
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    DoT.
     
  26. Cap pitt

    Cap pitt Sophomore
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    4 more years
     
  27. GT74

    GT74 All Conference
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    Kasich has worked for Dem and Republican admins. And, has far-reaching experience in gov’t policies and workings. He was the best candidate for the last election, and that is coming from a democrat. He is far more qualified and able to create bipartisan cooperation than the present president, that is for sure.
     
  28. pittiswhereiamfrom2

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    As I said, the sides are very far apart in American politics. And of course a Democrat prefers a very liberal Republican. The only problem is that Kasich does not support the policies that most Republicans prefer. We live in a reality that is different than your fantasy scenario.

    Furthermore, it is important to consider humanity in these perfect scenarios such as you describe. Things just don’t work because they “look good on paper.” In the same way that socialism seems fantastic in the imagination. But when any political system must be run by humans for humans, well, then the disgusting parts of humanity and power come clear in full display.

    But nonetheless, you want the more entrenched politician. Many in America don’t want more “experienced” politicians.
     
  29. HailtoPitt

    HailtoPitt Chancellor
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    What this story really demonstrates is that billionaires donating to political campaigns aren't doing so out of the goodness of their hearts. They will eventually want something in return. It's not rocket science, yet the American people are stupid enough to allow the same politicians to keep getting their votes.
     
  30. pittiswhereiamfrom2

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    More so, I think it demonstrates that you don’t need to have facts to draw a long string of ill-conceived conclusions.
     
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