The whole world is suffering because of this 2nd Epstein War. Current administration being blackmailed by Israel.
Only the countries that have not yet transitioned to clean energy
US diesel hits record $6 a gallon on Iran supply shock
81–90 of 114 posts
Re: US diesel hits record $6 a gallon on Iran supply shock
#82It's quite funny how Trump is killing European industry. Literally everything America has been doing the last few years has benefited China. The Chinese economy has real weaknesses make no mistake about it and a competent US leader could have worked with his global allies to exploit them.
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…
Europeans decided to construct Nord Stream 2 to completion (finished 2021, but never certified for operation).
Nord Stream 1 was shut down by Russia in 2022.
Turk Stream pipeline (from Russia to Bulgaria) finished construction/began operation in 2020.
Re: US diesel hits record $6 a gallon on Iran supply shock
#83Earlier 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?
Re: US diesel hits record $6 a gallon on Iran supply shock
#84"War is merely the continuation of policy by other means." "Since war is not an act of senseless passion but is controlled by its political object, the value of this object must determine the sacrifices to be made for it in magnitude and also in duration. Once the expenditure of effort exceeds the value of the political object, the object must be renounced and peace must follow." ---------- Clausewitz would have been…
Re: US diesel hits record $6 a gallon on Iran supply shock
#85Earlier quoted context omitted.
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.
Energy can be replaced by renewables. There are alternatives for various uses of plastics. And I thought manure was a pretty good fertiliser.
Not everything needs to be replaced, but it would help a lot if we replace what we can.
Re: US diesel hits record $6 a gallon on Iran supply shock
#86Earlier quoted context omitted.
https://iea-pvps.org/wp-content/uploads/2022/11/Fact-Sheet-I... Making and using a modern solar panel emits up to 44 grams of CO2 equivalent greenhouse gas per kWh over its lifetime as opposed to up to 1000 grams for fossil fuel generators. That's 20x cleaner.
Sure buddy, now go make me a solar panel without using fossil fuel, including mining, refining, processing, etc.
https://iea-pvps.org/wp-content/uploads/2020/12/IEA-PVPS-LCI...
Re: US diesel hits record $6 a gallon on Iran supply shock
#87Earlier quoted context omitted.
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.
EU is not a country. Taxation on crude oil and its byproducts is largely for each member state to decide, as is electrification policy. In some cases the EU steps in; for example with CO2 emission quotas, electrification targets, and largely regulating how countries operate in between them (for example, if France sells energy to Spain, it has to follow some bloc regulations if I am not mistaken). I find it somewhat a…
Re: US diesel hits record $6 a gallon on Iran supply shock
#88Earlier 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…
Orange Man was elected in 2015. Europeans decided to construct Nord Stream 2 to completion (finished 2021, but never certified for operation). Nord Stream 1 was shut down by Russia in 2022. Turk Stream pipeline (from Russia to Bulgaria) finished construction/began operation in 2020.
Re: US diesel hits record $6 a gallon on Iran supply shock
#89Earlier 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…
> they don't want cheap gas You don't strengthen an enemy (Russia) by buying their products. Defence is more important. > as well as shutting down reactors A German problem, not a wider European one. The solution is to accelerate the transition into electric vehicles (including HGVs etc.), renewable energy, and nuclear. Oil is obviously still needed for materials production, air fuel, and so on, but extricating ourse…
Re: US diesel hits record $6 a gallon on Iran supply shock
#90Also driving the price up are the Ansarallah advances in Yemen and today's Ansarallah bombings of the Saudi East-West pipeline. The market expects that they'll use military force to attempt to close the Bab al-Mandab strait, with their past attempts at closing the strait, stated goals of closing the strait and newly reported use of Claude to develop medium-range ballistic missile guidance software as evidence.