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US diesel hits record $6 a gallon on Iran supply shock

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Re: US diesel hits record $6 a gallon on Iran supply shock

#61

Post by danbruc »

mcv wrote: post #29
kotaKat wrote: post #28

Earlier quoted context omitted.

Don't forget the $5000 DOGE dividend, the $2000 tariff refunds, the $500 Obamacare refunds, and the thousands+ in Trump Accounts! (But $10k in student loan relief? That's Socialist!)

If all of that is possible, why not just provide a reliable basic income? Why does it need to feel like a politician is bribing you for your vote?

A basic income does not really change the amount of money people have available. You exchange paying some amount of taxes and handing the money to people qualifying for government benefits for paying more taxes and handing out money to everyone. You may save some money on the bureaucracy for figuring out who is eligible for how much benefits, you may make life easier for people having to apply for benefits, but you also give up the ability to match benefits to individual circumstances making some better and others worse off, you may create some additional incentive not to take a job, ... But to a first approximation everyone will have the same amount of money available.

Re: US diesel hits record $6 a gallon on Iran supply shock

#62

Post by spiclk »

mcv wrote: post #33
spiclk wrote: post #21

The "just stop oil" folks must be delighted with the direction of things in the middle east.

I would prefer to stop the demand rather than the supply. The high prices encourage production elsewhere.

How do we stop the demand for plastics (and any other number of process chemicals) and fertiliser?

Also - while it may encourage production at other sites with a higher cost of production, higher prices in general will slow demand.

Re: US diesel hits record $6 a gallon on Iran supply shock

#63

Post by ZeroGravitas »

jaapz wrote: post #36

6 dollars per gallon is 1.37 EUR per liter... Here I am in the netherlands paying 2.74 EUR for a liter of diesel...

The EU imports 97 percent of their crude oil, which is needed to refine diesel and still import a further 10% of their refined diesel.

It is somewhat amazing that Europe hasn't embraced electrification even more but taxing diesel use to encourage using it wisely is a smart geopolitical play given their situation.

Re: US diesel hits record $6 a gallon on Iran supply shock

#64

Post by swarnie »

epolanski wrote: post #37
swarnie wrote: post #7

[flagged]

Which people? Because the responsibility lies in the founding fathers thinking that electing kings with little to no checks was a good idea.

Come on, you can't keep trying to interrupt the intentions of some blokes who have been dead for 200 years.

This isn't 40k.

Re: US diesel hits record $6 a gallon on Iran supply shock

#65

Post by spiclk »

theplumber wrote: post #34
spiclk wrote: post #21

The "just stop oil" folks must be delighted with the direction of things in the middle east.

I think it just proves them right. China seems to be doing OK partly due renewables push. But what do I know, electrification is a Chinese hoax.

Yes, it all makes a lot more sense when you include the geopolitical context. China has an enormous abundance of coal and relatively little oil.

Re: US diesel hits record $6 a gallon on Iran supply shock

#66

Post by ZeroGravitas »

danbruc wrote: post #61
mcv wrote: post #29

Earlier quoted context omitted.

If all of that is possible, why not just provide a reliable basic income? Why does it need to feel like a politician is bribing you for your vote?

A basic income does not really change the amount of money people have available. You exchange paying some amount of taxes and handing the money to people qualifying for government benefits for paying more taxes and handing out money to everyone. You may save some money on the bureaucracy for figuring out who is eligible for how much benefits, you may make life easier for people having to apply for benefits, but you a…

Often the incentive to take a job would be better under Basic Income as there's so many cliff edge benefits that phase out quickly as you work/earn more in the current system.

Re: US diesel hits record $6 a gallon on Iran supply shock

#67

Post by spiclk »

cpursley wrote: post #24
spiclk wrote: post #21

The "just stop oil" folks must be delighted with the direction of things in the middle east.

But how will they protest if they can't drive and meet up or fly to those green events?

It's not our fault that we use oil and gas for daily activities (including going to protests). It's the governments' and corporations' fault for making us do it (or maybe not stopping us).

Re: US diesel hits record $6 a gallon on Iran supply shock

#68

Post by danbruc »

ZeroGravitas wrote: post #66
danbruc wrote: post #61

Earlier quoted context omitted.

A basic income does not really change the amount of money people have available. You exchange paying some amount of taxes and handing the money to people qualifying for government benefits for paying more taxes and handing out money to everyone. You may save some money on the bureaucracy for figuring out who is eligible for how much benefits, you may make life easier for people having to apply for benefits, but you a…

Often the incentive to take a job would be better under Basic Income as there's so many cliff edge benefits that phase out quickly as you work/earn more in the current system.

Fair point, but that could also be solved by better benefit structures, but admittedly most likely at the cost of more bureaucracy.

Re: US diesel hits record $6 a gallon on Iran supply shock

#69

Post by [deleted] »

yolo3000 wrote: post #45
cpursley wrote: post #27

Earlier quoted context omitted.

They started that path to economic suicide by deciding they don't want cheap gas as well as shutting down reactors. Well, depending on your geopolitical beliefs, entire situation was possibility coordinated to get Europe on American LNG and off the stuff piped from Rusland and the Middle East. This was all in play well before Orange Man, but wow did he push the gas pedal down and accelerate it (pun intended). BTW the…

Cheap gas from the Russians? No thank you

[deleted]

Re: US diesel hits record $6 a gallon on Iran supply shock

#70

Post by epolanski »

disgruntledphd2 wrote: post #60
epolanski wrote: post #43

Earlier quoted context omitted.

As an European, trust me, Trump has little to do with it. We've been doing fine championing our nationalism instead of creating a strong internal market. Because Hungarians decide in Hungary and Spaniards in Spain doing business across Europe is still very tough. So to transport anything from Austria to Hungary you need to fill all the kind of paperwork and find the appropriate codes. And to sell it, even more compli…

> And it doesn't help most of our economies are all export economies, The worst part of all this is that becoming more export focused was pushed heavily by Germany during the euro crisis, and now its causing more problems. Honestly, I'm coming round to the notion that Angela Merkel was literally wrong on everything she ever touched. Mind you, German political culture consistently makes the wrong decisions (basically…

> Honestly, I'm coming round to the notion that Angela Merkel was literally wrong on everything she ever touched.

In a world where the Russo-Ukrainian conflict doesn't happen she was fine.

In a world where it does, suddenly an export economy hungry for materials and energy suffers the lack of Russia.

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