51–60 of 91 posts
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The US is on pace to run out of its strategic reserve in ~2 weeks.
I don't think that's true, but if it is then Iran would be foolish to make a deal right now.
https://www.msn.com/en-us/money/markets/america-may-see-actu...
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Iran has no choice but to make a deal, if they don't want their country turned into a parking lot. With complete air superiority, taking their power plants and a few bridges would lead to complete economic collapse as seen in Cuba.
Let's try to not glorify terrorism too much and still pretend the west do not target civilians and civilian infrastructure please. Remember, the pesky Arabs are the one who target civilians, that's why they are terrorists. We only occasionally target civilians, and when it happens, it's because they are evil and support an evil man, so we aren't.
https://www.youtube.com/watch?v=ToKcmnrE5oY for those who don't know this meme (the Dawkins definition of meme)
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> based upon recent events Climate change has been in the zeitgeist for decades now. Pretty sure many people are cognizant of this and want to move away from fossil fuels. This is just a boost to do so.
That and governments pushing to ban non-EV cars over a certain timeline while subsidizing more expensive EVs. The most important thing right now in addition to fuel prices is how much cheaper EVs are getting because of innovation in China.
But I suppose I see the answer, it's because of the car manufacturers employing many EU voters (in particular in Germany which is the 400kg gorilla in the EU), no government wants to piss off their voters.
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The carbon tax is supposed to finance things, what Trump has done is more like forcing the crisis. More like an acceleration
Well most of the increase in prices goes into petroleum companies' profits (at least the ones that can export). So it's technically not lost and will be invested somehow. Like a Carbon tax, the money doesn't disappear. But to whom it gets distributed, that's another story...
And demand will probably go up a lot further still. Right now fuel prices are kept artificially low by every country releasing their strategic reserves, but these will run out at some point. Europe is heading into the worst energy crisis since at least the 1970s, possibly worse. And yet very little is happening to prepare for it. Definitely some fun times ahead.
And demand will probably go up a lot further still. Right now fuel prices are kept artificially low by every country releasing their strategic reserves, but these will run out at some point. Europe is heading into the worst energy crisis since at least the 1970s, possibly worse. And yet very little is happening to prepare for it. Definitely some fun times ahead.
The US is on pace to run out of its strategic reserve in ~2 weeks.
Earlier quoted context omitted.
I don't think that's true, but if it is then Iran would be foolish to make a deal right now.
Iran has no choice but to make a deal, if they don't want their country turned into a parking lot. With complete air superiority, taking their power plants and a few bridges would lead to complete economic collapse as seen in Cuba.
There is plenty of evidence the strait will remain closed and the USA will continue dying until the USA surrenders. Notwithstanding that nice toddler-level reversal, "you can't close the strait, I'm closing the strait!"
And demand will probably go up a lot further still. Right now fuel prices are kept artificially low by every country releasing their strategic reserves, but these will run out at some point. Europe is heading into the worst energy crisis since at least the 1970s, possibly worse. And yet very little is happening to prepare for it. Definitely some fun times ahead.
Every country? Or just the US? Fuel is through the roof in most countries, Japan had to dedollarize (call in its USA loans) to buy oil and several Asian countries had to switch to 4-day workweeks to avoid riots and coups.