Shouldn't that be "War on Iran" and culprits should be clearly named - US and Israel. Thanks to them whole world now suffers higher prices. The only silver lining here is that some people might realize the dangerous fossil additions we have and actually start at least thinking of moving away.
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I hope more oil crisises occur so we can finally transition away some of our reliance on it.
Don't worry, they'll transition back to coal.
I'm all in for short term sucking if it accelerates the green transition. This timeline sucks anyway
Don't worry, they blockaded the blockade. Which should bring down fuel and fertilizer prices.
I’m in the states and wondering when the shock will really hit us. I’m looking at local gas prices (Upstate NY) and they’re high; just not a sigh as I’d expect them to be. Certainly not high enough to curb demand in any meaningful way.
It's hurting local businesses more than regular people right now. Cabs and such need an extra $10-20 to fill up. Which is fine in the short run, cuz it'll go back down right?
the US is an oil exporter, so it shouldn’t be affecting us nearly as much. (Honestly probably why they started the war so oil companies can charge more.)
I mean we export because the oil we extract is not the type our refineries are built to make into gas. So we export what we extract and import what we need. That being said we mostly import from the americas but that being said asia is going to draw more oil from our sources when the straight has issues. We are certainly more steps out than europe. but its still a fungible commodity.
part of it is they wer so low compared to everything else. When inflation hit a few years ago gas was hardly effected. Gas prices could have easily been 4-8 dollars near me and it would be about the same as prices were infaltion wise as the gulf war spike.
Right?! Dating myself here but I remember paying $4/gal in the mid-late 2000’s the last time we were bombing the Middle East and then had a “once in a lifetime” economic meltdown that has happened a half dozen times since I was born.
Adjusted for inflation, that’s $6.30/gal.
Thanks trump. Good of you to take the hit for kamala, who was SO obviously equivalent to your lardy ass.
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