Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Slovenia becomes first EU country to introduce fuel rationing

bbc.com

Post reply on HN
Print view View original

201–210 of 364 posts

Re: Slovenia becomes first EU country to introduce fuel rationing

#201

Post by troad »

platevoltage wrote: post #192
troad wrote: post #181

Earlier quoted context omitted.

> It’s revealed a fair bit about America too. That America is incredibly generous with resources in a conflict has no possible bearing on the security of their continent? I don't see Europe sending billions of its taxpayer dollars to resolve conflicts in Africa and Asia. (It barely manages to do so for a conflict right next door!) There was a delegation of Asian (I think?) leaders in Europe a few years ago, and when…

Americans want to be the world's police until it's time to do something righteous.

Do they, though? They seem to very consistently vote against foreign entanglements, before their own leaders betray them, pressed into action by foreign allies advocating their own narrow regional interests (Europe on Russia, Israel on Iran, etc).

Not clear to me why some working mum in Idaho is obliged to pay for Hungary's security when even the Hungarians refuse to do so, but hey, enjoy this meme while it lasts. The US won't remain the world's policeman for too much longer, and we're all in for a much darker world without them.

Re: Slovenia becomes first EU country to introduce fuel rationing

#202

Post by nicoburns »

lostlogin wrote: post #163
throwawaytea wrote: post #144

Earlier quoted context omitted.

In California my electricity to drive my Chevy Volt is more expensive than gasoline, if gasoline is less than $5 a gallon. So for basically the last 100k miles I've owned it, electricity was more expensive. The same goes for many plugin hybrids. Luxury EVs still win out because luxury sedans usually only get 25 mpg mixed max.

US fuel is so cheap compared to the rest of the world. If my maths is correct, we are paying US$6.10 a gallon here in NZ.

In the UK the average price is (by my math) ~US$7.50

Re: Slovenia becomes first EU country to introduce fuel rationing

#203

Post by gzread »

SirensOfTitan wrote: post #36

Scanning some of the early comments here, and acting as-if the oil and LNG disruptions is just a question of renewable investment is naive. This is the worst energy crisis in modern history, and little of the western world has really started feeling the effects yet: https://thedispatch.com/newsletter/dispatch-energy/iran-war-... Petro is pretty much upstream of everything: plastics, fertilizers, pharmaceuticals, cook…

> the US is not going to accept Iran's terms

There's no reason to assume it won't. It might not voluntarily but it looks a lot like it's either going to be forced to accept them, or it's going to become an irrelevant actor one way or another leaving Iran to set terms by default.

Other countries are switching to the yuan global reserve currency and petrocurrency in order to be allowed passage through Hormuz. The US has no counter to this (besides ending the war, which it won't) and with how much the US relies on these two things to be globally relevant, if this continues then oil prices will return to normal, will be traded in yuan, and there will no longer be a US. A complete own goal and possibly the fastest self destruction by unforced error in all of human history.

Europe will lag behind the trend because of its alliance with the US but it will turn eventually in order to get low oil prices. When the US attempted to force Europe to sanction Iran several years ago, Europe invented a system to evade them (INSTEX).

US bond markets have just locked up this week. The US found itself unable to borrow more money at any price - nobody wants to lend it. Banks turned off their automated trading systems because they can't work in this environment. This is a symptom of global dedollarization. While this shock may only last a few days the frequency of this sort of this sort of thing is rapidly increasing, and when a government can't borrow money any more it has no choice but to print it to pay its debts, and we know where that leads: Weimar-style hyperinflation.

Re: Slovenia becomes first EU country to introduce fuel rationing

#204

Post by oblio »

spwa4 wrote: post #138
vkou wrote: post #109

Earlier quoted context omitted.

> the price to secure the straight military might look comparatively lower. The price to secure the straight militarily is a full ground invasion of Iran . This would be done against a country four times bigger (in population and size) than Iraq, with the kind of terrain that makes Afghanistan look easily accessible, done without the help of a coalition of fools , because this isn't 2003, and nobody in Europe is very…

... and if Iran keeps raising it will eventually become the only choice available, at which point we'll do it (and can I just say the truly horrible part: ... which was going to happen at some point anyway with the islamists in power)

How did you read the previous comment and decide that "insanity is the only option"?

The sane option would be to back down.

And no, not every adversarial regime can be taken down. The Soviet Union had to fall, nobody was going to invade it.

Re: Slovenia becomes first EU country to introduce fuel rationing

#205

Post by pixelpoet »

spwa4 wrote: post #132
SirensOfTitan wrote: post #104

Earlier quoted context omitted.

The problem is that Iran can defend the strait against the world's most advanced military with drones built with commercial hardware for 30-50K per drone. And that doesn't even take into account escalation, as if the US escalates then Iran will likely start targeting critical infrastructure in the region, making the crisis worse. The US and Israel are rapidly running out of munitions, while Iran is being resupplied b…

[flagged]

So let's just fully descend to barbarism too, because petrol is a touch on the pricey side and I wanted to go on vacation to Spain this year.

https://en.wikipedia.org/wiki/A_Modest_Proposal

Re: Slovenia becomes first EU country to introduce fuel rationing

#206

Post by kvuj »

UncleOxidant wrote: post #152
IsTom wrote: post #136

Earlier quoted context omitted.

Oil going through Hormuz is 20%, not 80% of global supply. It's true that demand is pretty inelastic, but it's not like it can't be cut at all.

Who mentioned 80%? During the 1973–74 Arab oil embargo, the disruption removed approximately 4.5 million barrels per day (mb/d) from the market, which constituted about 7% of the global oil supply at the time. This disruption significantly impacted global supplies. 20% is a lot more than 7%. This could be worse than 1973-74. As a 10year-old in 1973 I remember spending a lot of time in the backseat of the station wago…

And yet we are a lot more globalized than in the 1970s. Ressources can be diverted at a much quicker rate with a lot more agility.

Re: Slovenia becomes first EU country to introduce fuel rationing

#207

Post by downrightmike »

singleshot_ wrote: post #158
SirensOfTitan wrote: post #36

Scanning some of the early comments here, and acting as-if the oil and LNG disruptions is just a question of renewable investment is naive. This is the worst energy crisis in modern history, and little of the western world has really started feeling the effects yet: https://thedispatch.com/newsletter/dispatch-energy/iran-war-... Petro is pretty much upstream of everything: plastics, fertilizers, pharmaceuticals, cook…

> Petro is pretty much upstream of everything: plastics, fertilizers, pharmaceuticals, cooking oils, Really! What petroleum-based oil do you cook with?

Electric range

Re: Slovenia becomes first EU country to introduce fuel rationing

#208

Post by gm678 »

kpil wrote: post #121
thrownawaysz wrote: post #72

Earlier quoted context omitted.

>This could easily spiral out of control and cause a level of suffering across the world (esp the global south) most of us on this forum have not lived to see. Daily anxiety attack thanks. As a european I think we are way too vulnerable. Countries divided, rich getting richer, more and more poor people who can barely afford food, and that's in Europe let alone talk about what happens with the poor in Africa and Asia.…

We don't "need a global reset" It's an apocalyptical mind-bug. All times have an eschatology - ours seems to be climate collapse. It used to be nuclear war. The media is selling a story. In reality everything is still getting better. People are healthier, richer, and better off in almost every measurable way, all over the world, including Africa and Asia. Yes, there are some dark clouds. A long list. But the problems…

> You’re getting worked up over nothing. Everything is going to be fine. So just relax, okay? You’re really overreacting.

> Trust me, it’s all going to work out perfect. Nothing bad is going to happen. It’s all under control.

> Why do you keep saying these things? I can tell when there’s trouble looming, and I really don’t sense that right now. We’re in control of this situation, and we know what we’re doing. So stop being so pessimistic.

> Look, you’ve been proven wrong, so stop talking. You’ve had your say already. Be quiet, okay? Everything’s fine.

https://theonion.com/this-war-will-destabilize-the-entire-mi...

Re: Slovenia becomes first EU country to introduce fuel rationing

#209

Post by oblio »

troad wrote: post #181
lostlogin wrote: post #88

Earlier quoted context omitted.

> the war in Ukraine has kind of proven that the Europeans are not all that capable of action. It’s revealed a fair bit about America too. And this oil crisis is a fairly incredible screw up too. What did the US think would happen?

> It’s revealed a fair bit about America too. That America is incredibly generous with resources in a conflict has no possible bearing on the security of their continent? I don't see Europe sending billions of its taxpayer dollars to resolve conflicts in Africa and Asia. (It barely manages to do so for a conflict right next door!) There was a delegation of Asian (I think?) leaders in Europe a few years ago, and when…

You do realize that Russia is and will continue being an enemy of the US, right? Even now it's providing Iran with intel to kill US soldiers.

Russia is primarily a threat to Europe, but not only.

And what do you imagine will happen if Russia gets the gang back together? Ukraine, Belarus, Baltics, most of Eastern Europe. Do you think Soviet Union 2.0, now with more fascism, will be friendlier to the US?

I know Americans love to pretend they live on another planet, but now we have global trade, ICBMs and many more interesting ways to hurt humans on the other side of the world. We're no longer living in the 1800s.

Re: Slovenia becomes first EU country to introduce fuel rationing

#210

Post by UncleOxidant »

kvuj wrote: post #206
UncleOxidant wrote: post #152

Earlier quoted context omitted.

Who mentioned 80%? During the 1973–74 Arab oil embargo, the disruption removed approximately 4.5 million barrels per day (mb/d) from the market, which constituted about 7% of the global oil supply at the time. This disruption significantly impacted global supplies. 20% is a lot more than 7%. This could be worse than 1973-74. As a 10year-old in 1973 I remember spending a lot of time in the backseat of the station wago…

And yet we are a lot more globalized than in the 1970s. Ressources can be diverted at a much quicker rate with a lot more agility.

We're going to find out how much agility exists in the system (under perturbation). In the meantime countries in Asia are scrambling for supply.
Post reply on HN