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Iran tells world to get ready for oil at $200 a barrel as it fires on commercial ships (www.reuters.com)
submitted 8 months ago by to c/world@lemmy.world
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[–] 93 points 8 months ago (10 children)

You know what? Fucking do it.

Inflation will really fucking suck for a while, but anything that makes renewables and nuclear the better option is going to be a good thing in the long term. Strangle the oil industry with high prices, we fucking need it.

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  • [–] 39 points 8 months ago (6 children)

    This won't just affect oil by the way, fertilisers are a direct product of natural gas, bunkering, electricity, transport, the list goes on.

    The ripple effect might just pop the AI bubble. Good luck.

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  • [–] 10 points 8 months ago (4 children)

    Ferts can be made without natural gas, just bit more bothersome. Instead of cracking methane for hydrogen, we'll have to split water.

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  • [–] 8 points 8 months ago (3 children)

    Im sure it will be great comfort to the billions who starve in a global famine while we spend decades building out the infrastructure for that.

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  • [–] 8 points 8 months ago (1 child)

    That's probably overselling the importance of fertilizer a little. A huge proportion of the food we grow is completely wasted, rots without anyone eating it, or doesn't "look nice" so gets fed to animals who could just as easily eat other food sources. Another gigantic portion of the is grown inefficiently and stupidly for political and cultural and other asinine reasons, grown in inefficient places, or are inefficient crops to begin with. Sometimes it's all of the above, and sometimes it's not even grown for food at all, it's grown for oil. We burn it, because that's environmentally friendly, somehow. Famine is not a global agricultural problem, it's an economic problem, sometimes an intellectual property problem and almost always a political problem, it has nothing to do with lack of fertilizer, it never has been, and it almost certainly never will be. The whole system is rigged top to bottom, and fertilizer isn't going to make or break it.

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  • [–] 1 point 8 months ago

    Where do you think that proportion wasted is wasted? What happens when energy costs spike and plastics become more expensive? When logistics, transport and storage costs go up, waste doesn't vashish, it grows exponentionally.

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  • [–] 8 points 8 months ago

    haha, reminds me that in 2007 I was delivering flowers when gas prices spiked and I made the mistake of opining that it wasn't all bad - for basically that reason. The owner did NOT appreciate my comments. lol.

    Nothing came of it or anything, it was just a little awkward for a bit. And I did express sympathy for her costs. But she could have optimized deliveries SO much better - I tried to help - but she just didn't care. Even though....... it cost her much more gas. heh

    She was a good person, just a little blind about some things. :)

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  • [–] 11 points 8 months ago (1 child)

    Here’s the problem with that idea…yes, global prices could go way up, BUT

    • US has lots of oil, so won’t have shortages, just make a few obscene billionaire more obscenely wealthy. We’re deluded enough that renewables and EVs still won’t be an option
    • Russia needs to sell oil to stay in the war, and they’ll be able to get more profit
    • this mainly hurts everyone else
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