Earlier quoted context omitted.
It's very annoying that the cost of fixing all this and replenishing the stockpile is going to most likely fall on people who had little to nothing to do with it becoming such a big problem.
Just like any war, ever. This is why we don’t start wars, kids.
Diesel Margins Top $100 a Barrel to Reach Record High as Supply Crunch Grows
41–50 of 63 posts
Re: Diesel Margins Top $100 a Barrel to Reach Record High as Supply Crunch Grows
#42Re: Diesel Margins Top $100 a Barrel to Reach Record High as Supply Crunch Grows
#43Earlier quoted context omitted.
Well, there's an unspoken rule in SV/HN circles about when the take Trump's idiocies seriously and when to ignore them. For example, "Gulf of America" and "Department of War" you're supposed to take seriously, and all SV communications feature these prominently. Correcting someone about the fact that "The Department of War" doesn't exist will get you downvoted, but apparently you're not supposed to take "Straight of…
Correcting someone about the fact that “The Department of War” doesn’t exist is pedantic. I wouldn’t go downvote a random comment making the correction, but if I posted a substantive comment remarking on current events and received a reply only pointing out that “it’s ACTUALLY the Department of Defense” then I’d definitely downvote that. Correcting others’ language on this point isn’t saving democracy, it’s needling…
I know it's real work to go against popularized framings, but it's work we need to do.
Re: Diesel Margins Top $100 a Barrel to Reach Record High as Supply Crunch Grows
#44Re: Diesel Margins Top $100 a Barrel to Reach Record High as Supply Crunch Grows
#45This should help with transition to electric vehicles. On the other hand, batteries for EVs are produced in even smaller number of countries (mostly China) then oil is pumped (Middle east, US, Russia, Canada). https://www.iea.org/commentaries/global-battery-markets-are-... https://en.wikipedia.org/wiki/List_of_countries_by_oil_extra...
Batteries. Are. Not. Oil. They are oil tanks.
Re: Diesel Margins Top $100 a Barrel to Reach Record High as Supply Crunch Grows
#46This should help with transition to electric vehicles. On the other hand, batteries for EVs are produced in even smaller number of countries (mostly China) then oil is pumped (Middle east, US, Russia, Canada). https://www.iea.org/commentaries/global-battery-markets-are-... https://en.wikipedia.org/wiki/List_of_countries_by_oil_extra...
#StreetCarsAreAThing
Re: Diesel Margins Top $100 a Barrel to Reach Record High as Supply Crunch Grows
#47This is a refining capacity problem, not an crude oil supply problem. The various wars have taken out refining capacity and transport capacity. On the crude oil side, the US strategic petroleum reserve is declining rapidly.[1] That took a hit during COVID and the early Ukraine war because production was down. Refilling started afterward, but didn't take it up to normal levels. There's still maybe a year of oil left.…
Re: Diesel Margins Top $100 a Barrel to Reach Record High as Supply Crunch Grows
#48Earlier quoted context omitted.
Shouldn't it be profitable? Buying low and selling high. Like, the current oil in there was bought at below $60/barrel or so and sold at 50% higher price or whatever. The oil is always sold at a much higher price (otherwise it wouldn't be available in the first place).
You can't fuel an aircraft carrier from profits, if the oil runs out.