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US inflation jumps to 3.8% as energy costs surge from Iran war

bbc.com

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Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#111

Post by stephen_g »

simianparrot wrote: post #51
dirck-norman wrote: post #34

Earlier quoted context omitted.

[flagged]

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Nobody is saying Iran is good, this war if anything has solidified the rule of the hardline ideologues in its Government, by killing off a bunch of the more moderate ones. And all this bombing is definitely going to convince the local population that you are the good guys, right? Is it any wonder why the people haven’t risen up against the Iranian regime? And all that is not to mention that the war has handed the regime control of the Strait.

And it’s fair for people to point out that the the US and Israel starting the war was illegal under international law and exactly the same crime most of the world is sanctioning Russia for… Just because you don’t like the target, you can’t ignore the facts.

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#112

Post by bix6 »

khriss wrote: post #32

I can't think of a single way in which the United States came out ahead in the war. We have * Demonstrated that the US simply can't offer any meaningful security guarantee to it's middle east partners. * Permanently ceded de facto control over the straits of Hormuz to Iran * Significantly strengthened the hardliners in the Iranian regime and cleared the way for them to have absolute power by eliminating all moderates…

The US was not supposed to come out ahead. This is crony capitalism. Think about all the money Trump JR can make selling drones and all the VC companies benefiting from defense spending!

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#113

Post by eightysixfour »

dirck-norman wrote: post #34
sosomoxie wrote: post #4

A completely unnecessary war that benefits no one other than Israel and harms the rest of the world. The only positive to come from this is the annihilation of US military assets in the Middle East and an even deeper unity of the world against Zionism. It’s tough times but we will ultimately defeat this heinous ideology.

[flagged]

People really struggle to keep their heads straight when all of the primary actors are horrible people.

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#114

Post by wing-_-nuts »

baggy_trough wrote: post #35

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'climate activists' wanted a revenue neutral carbon tax that would simultaneously lower everyone's income taxes. Thus giving people the ability to 'lower their taxes' with greener choices while the energy intensive activities of the rich were harder to dodge (hard to power their private jets with electrons)

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#115

Post by cyberlurker »

bee_rider wrote: post #92
ptaffs wrote: post #8

Earlier quoted context omitted.

>benefits no one isn't correct. There are plenty of people on HN working in military contract industries, high tech arms manufacturing and such. They lobby Gov and benefit financially as do their employees.

I wonder if it does benefit arms R&D folks. At least, as someone not too well informed on the military stuff, it looks like the moral of the story has been that our high-end stuff hasn’t functioned as well as the price tag lead us to expect, and a bunch of cheap drones might be the way to go. If I worked in military R&D I’d be worried that focus might shift away from the more speculative/less delivery-oriented/fun to…

I could see this happening if the point of the arms industry was defense and not a jobs program.

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#116

Post by ogogmad »

dirck-norman wrote: post #34
sosomoxie wrote: post #4

A completely unnecessary war that benefits no one other than Israel and harms the rest of the world. The only positive to come from this is the annihilation of US military assets in the Middle East and an even deeper unity of the world against Zionism. It’s tough times but we will ultimately defeat this heinous ideology.

[flagged]

> Jews

What does this word mean in the year 2026?

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#117

Post by tartoran »

bombcar wrote: post #14
doctorpangloss wrote: post #7

energy pricing is complex. some food for thought: if everyone believes the straight of hormuz is open, even if it is not, even if 20% less oil is being moved globally, what happens to oil prices? what happens to oil deliveries? is it possible for oil to be cheap in America while Bangladesh experiences shortages, instead of everyone paying more? is oil the same as energy? or is it more relevant to transportation? does…

The average family spends something like $5,000 on gas a year, maybe $10k. Gas could double and it’d be felt, but it’s still just a portion of total spend. We’ve had $4 gas before (20 years ago?!) and it was annoying but it didn’t end the world.

You're forgetting the downstream effects of high gas prices though

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#120

Post by gretch »

kdheiwns wrote: post #80
khriss wrote: post #32

I can't think of a single way in which the United States came out ahead in the war. We have * Demonstrated that the US simply can't offer any meaningful security guarantee to it's middle east partners. * Permanently ceded de facto control over the straits of Hormuz to Iran * Significantly strengthened the hardliners in the Iranian regime and cleared the way for them to have absolute power by eliminating all moderates…

Your top point is honestly the biggest. Until this year, US military bases were seen as an asset. They were thought to deter attacks, and in the case of someone being crazy enough to attack the country that hosted a US military base, they sold the promise of a quick and decisive response. But for countries in the Middle East, every base was nothing but a liability with nothing but a long list of detriments. The bases…

> The bases got attacked and destroyed with basically zero effort whatsoever, local militaries had to step up to defend the US bases on their own dime and with their own people putting their lives on the line

As a US citizen, I hope more countries come to this realization and start rejecting these.

It's such a lose-lose for everyone

The establishment and maintenance of these bases cost the tax payers so much....

If only we could refocus this massive expenditure of resources to internal domestic infrastructure...

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