I'm old enough to remember that time America was energy-independent and didn't have to use all that fuel to transport oil from the Middle East, and didn't need to spill the blood of our beautiful infantry in the Middle East.
It was like a beautiful dream, frens, a very beautiful dream.
“Energy independence” just means we produce more than we consume. All petroleum goes on the world market, almost none of it is produced here just to be used here.
The petroleum trade is one of those rabbit holes you can spend days going down. Especially the petrodollar.
Oh, thanks fellow 'pede, I guess I really hadn't thought about that. Just assumed that if we have natural gas here, we'd use it here, rather than import it because that just makes sense, in terms of saving the planet & using fewer resources.
I understand lefties oppose the Keystone pipeline due to climate concerns, yet don't seem to have a problem using a lot of petrol to transport fuel from across the Atlantic.
Common sense is more familiar to me than how the world energy market works, hahaha.
For the last 12 years we have been already been experiencing inflation blowing bubbles in stocks, bonds, and real estate.
Right now we are experiencing hyper-inflation in the bitcoin markets, that will probably spill over to the oil and commodities markets next, and then to every market.
Being from California, I see $2.79 a gallon, and that was our price back in the early 00s. Lol.
When gas prices really get jacked we pay $5+. What’s interesting is that demand for petroleum is still lower due to the pandemic, so I’m wondering how much of this price shift is speculation on futures?
Every President since Eisenhower has changed the metric for inflation. Bush the younger removed energy from the equation during his Presidency. Clinton the rapist removed food. Good luck trying to calculate inflation now.
And did anyone notice lower prices for food and other goods while gasoline was lower under Trump? No. Milk went up in price, bread went up in price, etc. Just wait. We're on the way to $8/gallon milk, $5 bread, and more.
True, but Trump massively deregulated, and so this created increases in economic opportunities that offset all those price increases. Now we will have nothing.
I didn't get the message correct, I should have said under the previous administration the prices went up, and never came back down, even when fuel prices were cut in half.
It's already starting. My buddy owns a flooring business. His Venders are telling them the prices are going to go up cause of gas prices. Went up to 2.79 in my area of Ohio
You are absolutely correct. The cost of fuel is the primary leading indicator of rising prices. Next step in the fight against inflation is rising interest rates. Higher interest rates put home prices out of reach for many borrowers. Prepare for a major downturn in the housing market.
I'm old enough to remember that time America was energy-independent and didn't have to use all that fuel to transport oil from the Middle East, and didn't need to spill the blood of our beautiful infantry in the Middle East.
It was like a beautiful dream, frens, a very beautiful dream.
“Energy independence” just means we produce more than we consume. All petroleum goes on the world market, almost none of it is produced here just to be used here.
The petroleum trade is one of those rabbit holes you can spend days going down. Especially the petrodollar.
Oh, thanks fellow 'pede, I guess I really hadn't thought about that. Just assumed that if we have natural gas here, we'd use it here, rather than import it because that just makes sense, in terms of saving the planet & using fewer resources.
I understand lefties oppose the Keystone pipeline due to climate concerns, yet don't seem to have a problem using a lot of petrol to transport fuel from across the Atlantic.
Common sense is more familiar to me than how the world energy market works, hahaha.
For the last 12 years we have been already been experiencing inflation blowing bubbles in stocks, bonds, and real estate.
Right now we are experiencing hyper-inflation in the bitcoin markets, that will probably spill over to the oil and commodities markets next, and then to every market.
I’d love to see the last 8 years mapped out
Being from California, I see $2.79 a gallon, and that was our price back in the early 00s. Lol.
When gas prices really get jacked we pay $5+. What’s interesting is that demand for petroleum is still lower due to the pandemic, so I’m wondering how much of this price shift is speculation on futures?
Every President since Eisenhower has changed the metric for inflation. Bush the younger removed energy from the equation during his Presidency. Clinton the rapist removed food. Good luck trying to calculate inflation now.
And did anyone notice lower prices for food and other goods while gasoline was lower under Trump? No. Milk went up in price, bread went up in price, etc. Just wait. We're on the way to $8/gallon milk, $5 bread, and more.
True, but Trump massively deregulated, and so this created increases in economic opportunities that offset all those price increases. Now we will have nothing.
I didn't get the message correct, I should have said under the previous administration the prices went up, and never came back down, even when fuel prices were cut in half.
It's already starting. My buddy owns a flooring business. His Venders are telling them the prices are going to go up cause of gas prices. Went up to 2.79 in my area of Ohio
You are absolutely correct. The cost of fuel is the primary leading indicator of rising prices. Next step in the fight against inflation is rising interest rates. Higher interest rates put home prices out of reach for many borrowers. Prepare for a major downturn in the housing market.
Bigger tabs at the check out line.