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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

#381

Post by mint5 »

programjames wrote: post #354
mint5 wrote: post #323

Earlier quoted context omitted.

I don’t think it’s a win, I said that in the context of the comment above. Note the question mark

> Long comment before yours "So a win will be returning to Obama’s Iran deal?" Where in that long comment before yours did you see an implication that anyone was thinking a return to Obama's Iran deal was a win? Why did you use the word "so"?

They talked about Iran giving up its HEU, i.e. basically returning its uranium stocks to the Obama deal days when Iran agreed to even get rid of its modest quantity of medium enriched uranium.

Why are people so literal these days? The poster didn’t use a magic buzzword so no one can connect dots?

An no, I don’t actually think they’d consider returning to Obama’s deal would be a win because if I had to guess anything Obama did is the definition of bad in may peoples books.

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

#382

Post by ahartmetz »

mgfist wrote: post #377
dh2022 wrote: post #263

Earlier quoted context omitted.

Besides inflation, American has other problems like running out of missiles and bombs. This war is about attrition, and American weapons are being attrited faster than Iranian ones. The war is not over, but I would not count out the Iranians going for another strategic goal not mentioned in the GP post: make is so that the American president that attacked Iran loses the midterm big time.

> Besides inflation, American has other problems like running out of missiles and bombs. This war is about attrition, and American weapons are being attrited faster than Iranian ones. The US doesn't need to fire more missiles, it just needs to blockade the strait and force Iran to cap its wells. > The war is not over, but I would not count out the Iranians going for another strategic goal not mentioned in the GP post…

Do not forget or ignore Trump "joking" about a third term. Things could get really messy towards the end of his second term.

I don't get why so many people ignore it. Does Trump look like the kind of guy who respects the constitution to you? Or more like the kind of guy who is trying to build an autocracy? Have you noticed what he does with officials that follow the law and their agency's mission, but not Trump's whims?

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

#383

Post by parineum »

runako wrote: post #284
parineum wrote: post #241

Earlier quoted context omitted.

If you want to get technical, the US hasn't been involved in a war since WW2. See how annoying that is? No more wars means stop putting Americans at risk to kill foreigners.

If you're going to get technical, you need to pick apart the AUMF for Iraq. In any case, I personally don't think the US interventions in Bosnia or Haiti rose to the level of the colloquial understanding of "no more wars." This is to the extent that the public of 2024 was even broadly aware of those interventions. Major point is this: in the last 50 years, every GOP president has started a trillion-dollar boondoggle…

> Democratic presidents have initiated e.g. peacekeeping missions or the like with definite endpoints and missions.

You can play word games all you want, this is what people care about:

https://dcas.dmdc.osd.mil/dcas/app/summaryData/deaths/byYear...

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

#384

Post by Retric »

whateveracct wrote: post #283
Retric wrote: post #15

Earlier quoted context omitted.

Many products are shipped half way across the US on semi trucks, that hits everyone’s pockets even if you drive an EV. Train’s move around vast amounts of freight but they got optimized for coat per ton for coal, wheat, etc not latency. Which then plays havoc if you try and do just in time manufacturing etc using them. Airfare and thus airfreight is simply dominated by fuel costs which hits many industries in ways th…

I live in a major shipping center in a state with a lot of agriculture. I think that's why my grocery prices haven't gone nuts. For instance, I buy whole chickens (local-grown, free-range) for 99c/lb regularly. Looking at my receipts, I spend a few hundred/week at this $KROGER. And that includes buying alcohol and non-food items like charcoal, cat litter, diapers, cleaning supplies.

I think it’s less shocking because we’ve seen several years of increased inflation. I’m frankly used to prices being noticeably higher every year where the COVID spike was being compared to 2000-2020. So sure Trump’s been consistently bad for the economy over both his terms, but wow it just doesn’t hit as hard as a pandemic.

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

#385

Post by caminante »

ch_sm wrote: post #352
pibaker wrote: post #336

Earlier quoted context omitted.

You cannot just switch an entire country's energy source on a finger snap nor do we have a viable alternative for making nitrogen based fertilizer. East Asia, which is heavily dependent on Middle East gas, is already bracing for energy shortages. What is likely to happen next is a fertilizer shortage in some poorer countries which will then lead to food shortages and social unrest.

> You cannot just switch an entire country's energy source on a finger snap no one is suggesting that > nor do we have a viable alternative for making nitrogen based fertilizer nor is anyone suggesting that

Disagree.

I assume your understanding of "demand destruction" is mixing concepts.

GP said switching to alternative sources isn't demand destruction when it IS technically and relatively.

The parent's point: until you get those renewables online (decade long process now with permitting), prices will go up. You'll have people using less energy (in general) and less O&G -- both are quintessential demand destruction.

For nitrogen fertilizer (ammonia), there's already demand destruction with people cutting back due to price shocks. That's less food and ag.

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

#386

Post by watwut »

mgfist wrote: post #369
watwut wrote: post #305

Earlier quoted context omitted.

> I don't believe you. Do you have proof? Iran is pretty damn closed off from the rest of the world so I have a hard time believing that you have some great insider knowledge about this. They are not entirely closed off. Apparently there is a communication going on around closures, because I have seen fairly inside Iran info in French media (about executions, about people leaving Teheran etc etc). They are more guard…

> And unfortunately, America made it clear it wants to harm average Iranian. By and large this is not true. The US and Israel have hit Iran tens of thousands of times, and have never hit a pure civilian target on purpose. They've hit dual use targets, and accidentally hit civilian targets, but not ones on purpose. They could flatten Tehran if they wanted to hit civilians. > Plus its idea of regime change is to keep r…

Both USA and Israel hit civilian targets on purpose. Especially Israel who did it also in Lebanon.

Israels attacks on civilian infrastructure are not random or accidental either. They are the literal strategy and goal.

> I've seen frustration from the US side that Mojtaba Khamenei is MIA.

This is just US side being dumb, honestly.

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

#387

Post by johnea »

Here on HN, I can't image this being interpreted as anything but a good thing.

Petro prices up - oil companies make more money

Interest rates up - banks make more money

Win Win! What could possibly be the problem?

If you're one of the little people paying for it all, you should be Proud™ to fulfill your role of enriching ownership...

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

#388

Post by [deleted] »

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.

[deleted]

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

#389

Post by rurp »

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.

China, and to a lesser extent Russia, will happily help Iran rebuild and rearm. This war has been a major strategic defeat for the US as it has burned through immense amounts high end munitions to destroy low value targets that can be replaced for a relative pittance.

On top of that the US is further isolated from its remaining allies. Being unable to win a war or even protect regional allies against a fourth rate power is an embarrasment for a current/former superpower.

But hey we did destroy the Iranian Navy! Sort of.

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

#390

Post by teh64 »

mgfist wrote: post #369
watwut wrote: post #305

Earlier quoted context omitted.

> I don't believe you. Do you have proof? Iran is pretty damn closed off from the rest of the world so I have a hard time believing that you have some great insider knowledge about this. They are not entirely closed off. Apparently there is a communication going on around closures, because I have seen fairly inside Iran info in French media (about executions, about people leaving Teheran etc etc). They are more guard…

> And unfortunately, America made it clear it wants to harm average Iranian. By and large this is not true. The US and Israel have hit Iran tens of thousands of times, and have never hit a pure civilian target on purpose. They've hit dual use targets, and accidentally hit civilian targets, but not ones on purpose. They could flatten Tehran if they wanted to hit civilians. > Plus its idea of regime change is to keep r…

"A whole civilization will die tonight, never to be brought back again" - Sounds pretty wanting to harm the average Iranian to me.
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