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US inflation jumps to 3.8% as energy costs surge from Iran war

bbc.com

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Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#341

Post by bparsons »

delfinom wrote: post #53
khriss wrote: post #32

I can't think of a single way in which the United States came out ahead in the war. We have * Demonstrated that the US simply can't offer any meaningful security guarantee to it's middle east partners. * Permanently ceded de facto control over the straits of Hormuz to Iran * Significantly strengthened the hardliners in the Iranian regime and cleared the way for them to have absolute power by eliminating all moderates…

>I shudder to think just how badly we will be outmatched in a shooting war with China. A study a few years ago gave the US just 1 week before all its missiles were depleted with China in just a naval war.

Iranians were scoring direct hits on top priority infrastructure in the first days of the conflict. Only in the last couple of weeks has US media started to report the extensive damaged visited upon the (now mostly abandoned) US bases in the gulf.

Its really difficult to overstate the level of strategic defeat that has occurred here.

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#342

Post by hvb2 »

kccoder wrote: post #334
nisegami wrote: post #314

Earlier quoted context omitted.

Higher oil prices makes renewables even more competitive, so this is another situation where the extreme left and extreme right may agree.

Renewables being a good thing is not an "extreme left" viewpoint, it's just reality. That being said, I'm going to guess that extreme left supports renewables near 100%.

Have you looked at the current administration's policies regarding renewables?

Also, at his rallies, drill baby drill wasn't exactly met with booing

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#343

Post by baggy_trough »

yifanl wrote: post #144
baggy_trough wrote: post #77

Earlier quoted context omitted.

I just think it's amusing that this is presented as a very bad thing in the context of Trump, but it's what climate activists have been seeking (only more so). When climate activists pursue this goal, it's presented as a laudable self sacrifice we must accept.

Climate activists, as a whole, have not been able to materially affect costs positively or negatively, in any sector other than maybe TED talks and documentaries.

Would that you were speaking the truth for residents of California!

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#344

Post by throwup238 »

doctorpangloss wrote: post #7

energy pricing is complex. some food for thought: if everyone believes the straight of hormuz is open, even if it is not, even if 20% less oil is being moved globally, what happens to oil prices? what happens to oil deliveries? is it possible for oil to be cheap in America while Bangladesh experiences shortages, instead of everyone paying more? is oil the same as energy? or is it more relevant to transportation? does…

> is it possible for oil to be cheap in America while Bangladesh experiences shortages, instead of everyone paying more?

Yes. Bigger national and state stockpiles because the US can afford it, and many companies within the US can afford to pay for better futures contracts with suppliers that guarantee a future price in exchange for upfront payment that many poorer countries can’t afford because they have more immediate needs.

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#346

Post by lorecore »

virgildotcodes wrote: post #158
gretch wrote: post #120

Earlier quoted context omitted.

> The bases got attacked and destroyed with basically zero effort whatsoever, local militaries had to step up to defend the US bases on their own dime and with their own people putting their lives on the line As a US citizen, I hope more countries come to this realization and start rejecting these. It's such a lose-lose for everyone The establishment and maintenance of these bases cost the tax payers so much.... If o…

The America First MAGA people fail so hard to understand that these expenditures on things like foreign bases and US Aid resulted in far greater returns for us. It's never been about altruism or the greater good. I say this as an anti-empirical leftist with no great sympathy for the effort, but for those proclaiming to put America's interests above all else it's just such an obvious and idiotic short-sighted self-own…

Investing in domestic infrastructure would generate even greater returns. Yes, through some financial hand waving, we may funnel money spent on bombs back to US military contractors, but imagine if that same money was spent on a high speed rail system. It would unlock greater efficiency and logistics with the same money staying with US contractors. That's a purely financial take and not even touching on humanitarian or ecological costs of imperialism.

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#347

Post by JKCalhoun »

pupppet wrote: post #330

The mental gymnastics Trump supporters must go through to justify blaming Biden for gas prices during his term but blaming everyone but Trump for gas prices now. Not in the US but I'll go out on a limb and guess that gas stations aren't being littered with 'I Did That!" Trump stickers.

"…guess that gas stations aren't being littered with 'I Did That!" Trump stickers."

But they are, ha ha.

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#348

Post by lesuorac »

legitster wrote: post #104

BTW, the conflict is unlikely to resolve soon. The US has literally never honored a deal with Iran. Iran has no reason to negotiate with the US. The US either has to back down, put boots on the ground, or sit and wait. If the government survives, they had a quiet infrastructure investment from China they can activate to rebuild their damaged facilities.

Isn't it just Trump that doesn't honor deals?

What did Bush / Obama / Biden do?

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#349

Post by lorecore »

deepsun wrote: post #192
mgfist wrote: post #162

Earlier quoted context omitted.

> I can't think of a single way in which the United States came out ahead in the war. I wouldn't jump to conclusions yet. The war is not over. I wouldn't even be so sure as to say Iran is in a good place right now. Iran can absorb more pain than the US, but even that has a deadline. For the US, the only pain is inflation, which is more a matter of political capital than anything tangible. Trump is a lame duck preside…

And if Iran drops or threatens just a single nuke, I doubt there will be left any arguments.

There are far more dangerous countries with nuclear weapons than Iran (such as Israel). If Iran had nukes, we'd all be safer as Israel/US would be faced with MAD and would be unable to use nuclear weapons against Iran.

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#350

Post by hvb2 »

Eddy_Viscosity2 wrote: post #262
jmward01 wrote: post #191

Earlier quoted context omitted.

Short, medium and long-term this will spur the world to move off of fossil fuels. I'm not a fan of war, especially this stupid one, but that one benefit may be, unintentionally, worth it.

In the short term, Trump is actually paying people to stop existing solar and wind projects and is not exactly open to new ones starting up. So.. oil it is then.

Solar and wind are used for electricity. There's fossil fuels used for that as well but that's mostly natural gas and a bit of coal.
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