31–40 of 194 posts
Remember when the common knowledge was that war was good for the economy?
Losing at war is universally bad. And long stalemated forever wars can be just as bad for both sides.
It seems one way Iran fights the US asymmetrically is by harming the Federal financial picture with endlessly higher rates + borrowing costs. If this keeps happening month-after-month, year-after-year, we're really going to feel the squeeze. Treasury has already tried to reassure markets and failed Add to this other trade war nonsense...
This was the desired effect though, as higher oil prices means more profit for US based oil producers. I'm sure that will trickle down any time now.
In the late 90's/ early 2000 Diesel was about the same cost as regular gas and then at some point its about the same cost as premium gas. Is there any reason why Diesel costs more? I was always under the impression that it was a less-refined fuel therefore cheaper.
This started, I believe when fracking became a major thing (the late 2000s), because shale oils tends to have less heavy hydrocarbons then the old wells.
In the late 90's/ early 2000 Diesel was about the same cost as regular gas and then at some point its about the same cost as premium gas. Is there any reason why Diesel costs more? I was always under the impression that it was a less-refined fuel therefore cheaper.
Supply and demand? Over here in Germany, Diesel was cheaper than (any kind of) gasoline for a long time, but that has also changed recently (Gemini says since Russia attacked Ukraine in 2022, so another thing to blame Putin for), now it's about 5% more expensive...
EDIT: meaning "less taxes"
still half as cheap as in EU
In the late 90's/ early 2000 Diesel was about the same cost as regular gas and then at some point its about the same cost as premium gas. Is there any reason why Diesel costs more? I was always under the impression that it was a less-refined fuel therefore cheaper.
I thought I heard once it was because diesel might be more polluting than regular gas and thus has extra taxes on it? I could be entirely wrong though.
I am not interested in nominal new highs.
If oil starts ruining the financial picture on top of just the...global welfare of every living human picture, then maybe, just maybe people will actually give up their addiction.
In the late 90's/ early 2000 Diesel was about the same cost as regular gas and then at some point its about the same cost as premium gas. Is there any reason why Diesel costs more? I was always under the impression that it was a less-refined fuel therefore cheaper.
And the ethanol makes the fuel less valuable (energy reduction per litre) moreso than biodiesel.
still half as cheap as in EU