White House officials are bracing for oil prices to surge past the $150-a-barrel mark as the Iran war stretches into its second month and the Strait of Hormuz remains largely closed, according to a new report.
In recent weeks, the average cost of a barrel of crude has hovered around $100, a figure that the Trump administration now sees as the new “baseline,” though a potential spike to $200 hasn’t been ruled out, a source familiar with the matter told Politico.
As a result, officials have entered “all hands on deck” mode, urgently evaluating options to tame soaring oil prices — which pushed gas above $4 a gallon this week and risks inflating costs across the broader economy.
166 Comments
givesomefucks@lemmy.world · 139 pts · 124d
I really want to see Iran say they'll reopen it only after trump is personally handed over to stand trial for his war crimes...
It will never work, but it'll fracture his support and more importantly he'll be ome convinced it's gonna happen and start turning on his own cronies even if they're loyal.
skulblaka@sh.itjust.works · 78 pts · 124d
KC_Royalz@lemmy.world · 1 pts · 124d
Except it's going to devastate a lot of people financially who don't deserve it. So ireally don't find it funny.
But if gas hits that high it will devastate rural areas and the people who voted for this
Serinus@lemmy.world · 36 pts · 124d
30% of the American public voted for these grifting idiots, not just the president, but his enablers too. This slightly disproportionately affects rural areas. We should be getting off of gas and investing in green energy anyway.
I choose to laugh. It's better than what the people of Iran got out of it.
Man, I wonder if a better president would have come up with some kind of treaty to prevent Iran from obtaining nuclear weapons.
MajinBlayze@lemmy.world · 15 pts · 123d
How many times has iran been attacked for being two weeks away from nuclear weapons in the past 50 years?
What are the chances these are all true?
humanspiral@lemmy.ca · 5 pts · 123d
in last 40 years, there were 2000 weeks. 1998/2000 or 99.9% of weeks this statement was proven false.
Count042@lemmy.ml · 2 pts · 122d
It was not. Iran's military wanted to stay close so that if the religious fatwa the ayatollah pronounced against acquiring nuclear weapons, they're have one quickly.
Yes, Trump murdered the one man responsible for preventing Iran from having nuclear weapons, and control went to his son who just saw every direct member of his family murdered in front of him.
spitfire@lemmy.world · 1 pts · 123d
US&A has nuclear weapons and is obviously a threat to world right now.
Serinus@lemmy.world · 1 pts · 123d
While that's true, it doesn't really contribute to the conversation or the problem at hand.
Are you implying that because the US has nuclear weapons that you'd like Iran to have them too? Because that's the only way I can relate this back.
Count042@lemmy.ml · 1 pts · 122d
I'm thinking Trump murdered the one man responsible for the IRGC not acquiring nuclear weapons.
You know, the Ayatollah with the fatwa against acquiring nuclear weapons.
spitfire@lemmy.world · 1 pts · 123d
Remember those weapons over which US&A started the war in Iraq? They’ve probably existed as much as theirs in Iran. I don’t believe I’ve seen Iran attack anyone before it was attacked. US&A on the other hand…
Serinus@lemmy.world · 1 pts · 123d
I think you missed the point, which is that I think the way to handle this was Obama's treaty before Trump dismantled it because it was an Obama accomplishment.
wildncrazyguy138@fedia.io · 7 pts · 124d
Pay the piper now or pay him later when the earth rises 2C over global average due to no one changing their habits.
Idle hands are the devil’s playground.
GuyFawkesV@lemmy.world · 7 pts · 124d
If this doesn’t devastate those fuckers I hope literally anything else does. They need to pay.
Bytemeister@lemmy.world · 4 pts · 123d
Who is it going to financially devastate? Most Americans have no investments, no savings, and no retirement. 10,000% inflation is almost as hard to deal with as 50% for people living paycheck to paycheck already. For the investors/ruling class, a free falling dollar does a lot more damage.
Almacca@aussie.zone · 10 pts · 124d
Trump and Netanyahu.
W98BSoD@lemmy.dbzer0.com · 94 pts · 124d
tal@lemmy.today · 24 pts · 124d
https://www.amazon.com/100pcs-Trump-Stickers-Donald-Merchandise/dp/B0DVSW4WD8
https://www.amazon.com/Trump-Did-That-Stickers-2-5inch/dp/B0DWN53KXY
So if each of those sticker packs has 100 stickers, and people have bought over fifteen thousand packs in the past month alone on those two Amazon items (and there are more) alone, that's over 1.5 million gas pumps that you'd need if you were going to use just those sticker packs.
https://www.fuelexpress.net/blog/general-information/how-many-gas-stations-are-in-the-us/
Like, people are going to have to be putting them on in layers or something. I don't think that there are enough gasoline pumps.
protist@retrofed.com · 19 pts · 124d
You can put them on other things too, like gas station toilets and portapotties
resipsaloquitur@lemmy.world · 6 pts · 124d
Donald only uses toilets to dispose of secret documents.
TarantulaFudge@startrek.website · 1 pts · 122d
I like putting the Apple stickers on my toilets and trash cans. I don't think Trump stickers are high quality enough!
Botzo@lemmy.world · 12 pts · 124d
Remember, you have to put one on both sides of the pump in many places. And then you've got places like Buc-ee's with 120 pumps.
So I think you're actually underestimating by a lot!
portnull@lemmy.dbzer0.com · 7 pts · 124d
Yeah but it's not the only thing he did. There's plenty of things to stick them on
prole@lemmy.blahaj.zone · 79 pts · 123d
It honestly makes me sick that this appears to be the line for most Americans. Fuck this country.
innermachine@lemmy.world · 57 pts · 123d
To be fair, once fuel prices go up the cost of EVERYTHING also goes up. So no it's not just about pain at the pump, it's pain at the grocery check out. Pain when the oil truck comes to deliver your liquid heat. Pain when you buy anything plastic, anything grown with fertilizers. People don't realize petroleum is in almost everything! And if it doesn't use a petroleum product in manufacturing, it certainly does in shipping.
RecursiveParadox@piefed.social · 11 pts · 123d
Prices for the kinds of fuel ocean going ships burn have increased 25%-35% depending on the port.
innermachine@lemmy.world · 6 pts · 123d
Yep and the same cart of groceries I spent 100 bucks on last year is about 200 now :( Trump was right. So much winning we'll get sick of it. Trouble is only the billionaires are winning, at our expense. I'm not having fun anymore.
CharlesDarwin@lemmy.world · 2 pts · 122d
Exactly. Your house could be solar, you could be charging your EV from your solar, and so your house power and transportation costs mostly negated, but everything else would still have an increase.
HulkSmashBurgers@reddthat.com · 2 pts · 122d
Ive never heard liquid heat before, interesting. We call it heating oil where I'm from (southern new england).
innermachine@lemmy.world · 4 pts · 122d
I'm in northern New England, moved here from Southern New England. Moved there from Texas. Moved there from Italy. I'm not "from" anywhere so I picked up some odd sayings in my travels LOL. I also make stupid shit up on occasion, gotta keep people on their toes.
HulkSmashBurgers@reddthat.com · 2 pts · 122d
Ah ok lol.
cmbabul@lemmy.world · 2 pts · 122d
Youre right, but also if we weren’t using up as much for fuel as we do there would be much more left for other applications
innermachine@lemmy.world · 2 pts · 122d
No kidding. I think our world leaders have forgotten that there is only so much oil in the ground, once it's all burnt up that's it poof it's gone. Makes it even more insane that their bombing oil fields and refineries. If u want a small example of how our billionaire rulers have boned us look at the racket from synthetic rope getting hemp banned. The tldr is DuPont made synthetic rope, but hemp which is sustainable and strong got outlawed due in part to them lobbying. We have a government that exists only to stuff rich peoples pockets from what it seems. There's more examples than can be listed of private corporations creating rules to make themselves the winners at the expense of the people and the planet, and it's been going on for over a hundred years and just getting exponentially worse. There's a reason wealth just keeps consolidating.
dan1101@lemmy.world · 21 pts · 123d
The only thing that keeps most people complacent is they can manage to scrape by with their meager salary buying crappy goods. Take that away and Americans might get more revolutionary.
BanMe@lemmy.world · 18 pts · 123d
"americans are 3 hot meals from a revolution" is the saying I think.
partofthevoice@lemmy.zip · 12 pts · 123d
Yeah, but I don’t think America existed when that phrase was first said. More like “The people are…”
SaveTheTuaHawk@lemmy.ca · 14 pts · 123d
No one cares about victims of rape and pedophilia, that's other people, caring about other people is un-American.
sturmblast@lemmy.world · 1 pts · 122d
That's just false
IronBird@lemmy.world · 11 pts · 123d
$ is the only thing sacred in america, always has been
chiliedogg@lemmy.world · -1 pts · 122d
When people are struggling to get by and exhausted from the news, they end up focusing on themselves. The reality is most Americans don't have the energy, time, or resources to focus on something that's disconnected from their lives - including attrocities on the other side of the planet.
But gas prices hit HARD. When you're spending 20-30% of your income on gas and the price of that gas doubles, it's a problem even before it makes everything else skyrocket in price.
ieGod@lemmy.zip · 4 pts · 122d
That excuse is honestly not acceptable. Americans have had ample time and opportunity to consider the impact of their voting decisions. This is their choice. Collectively, the country has failed.
Too ignorant, selfish, or stupid.
protist@retrofed.com · 59 pts · 124d
The best part is that even if everything in the Strait were to return to normal tomorrow, the oil price shock is just barely beginning to filter through the system, so there's absolutely nothing Trump can do to stop what he caused.
empireOfLove2@lemmy.dbzer0.com · 30 pts · 124d
Oh yeah. Global logistics with slow-boat tankers are scheduled multiple months in advance to keep the machine flowing. With every single route now completely thrown awry, there's no going back for at least a year.
Aceticon@lemmy.dbzer0.com · 8 pts · 123d
And then there is the whole inflation feeding through into Fertilizers (mainly from higher Natural Gas prices rather than Oil prices), in turn feeding through into Food prices, all of which carries even long delays to fully emerge in consumer prices because of the time food takes to grow (more so if you think cattle since fertilizer prices indirectly push costs up through the increase in feed prices, so there's even more delay there than for something like corn).
Just the first month of war has baked in many months of rising Inflation.
CileTheSane@lemmy.ca · 1 pts · 123d
At which point gas stations will just keep prices the same as people have gotten used to it and blamed Trump for it.
lemmyng@lemmy.world · 4 pts · 123d
"there's absolutely nothing Trump can do to stop what he caused."
Assuming he won't just abandon it and make it someone else's problem, like he does with literally everything else he touches.
wonderingwanderer@sopuli.xyz · 57 pts · 123d
Oh hey, maybe if they didn't dismantle all the green energy and EV initiatives then the impacts would be mitigated a little bit...
Funny how that works...
Corkyskog@sh.itjust.works · 28 pts · 123d
Literally couldn't be doing anything different to help Russia more.
wonderingwanderer@sopuli.xyz · 8 pts · 123d
That's gotta be the point, isn't it? It's not really a secret that trump's a russian stooge...
TehWorld@lemmy.world · 3 pts · 122d
I think about this. Functionally he’s a puppet of Putin, but I don’t think that it’s an “active” stooging. Trump wants to BE a dictator and Putin is very intelligent, so he’s able to ply Trump to his will. Trump probably cares more about the pee-tapes than it’d actually affect him.
nomy@lemmy.zip · 1 pts · 122d
"P-tapes"
It's been pedo tapes the whole time.
Dionysus@leminal.space · 5 pts · 123d
Just as they planned.
VinegarChunks@lemmus.org · 7 pts · 123d
Automakers have billions of dollars in brand new EV manufacturing equipment and lines sitting around doing nothing since the new administration changed all the regulations and incentives.
wonderingwanderer@sopuli.xyz · 2 pts · 123d
And they arrested/deported most of the engineers who were supposed to train manufacturing employees...
grrgyle@slrpnk.net · 2 pts · 122d
Gotta subsidise the undead oil economy or else the old farts might actually have to read a journal and try to figure where else to invest the money they don't need!
mrgoosmoos@lemmy.ca · 2 pts · 123d
they're also putting some new programs on hold, so at least they're not all outright cancelled yet
but oh boy have a lot been cancelled. we built a huge cell that was shipped to the customer and scrapped the next year. the customer actually ended up taking apart the tools we built and shipping us back a bunch of the components to build them another cell for a different project. that was neat.
HulkSmashBurgers@reddthat.com · 47 pts · 122d
If only in the decades since the oil embargo of the early 1970s we kept investing in alternative energy sources we could have been in a much better place energy wise.
prole@lemmy.blahaj.zone · 25 pts · 122d
Jimmy Carter put solar panels on the White House roof. Reagan took them down. Pretty succinct summary of the past 40 years.
Quill7513@slrpnk.net · 19 pts · 122d
before anyone says "those solar panels didn't work very well" THAT'S NOT THE FUCKING POINT. they represented a commitment to invest in the technology. the presidency is the bully pulpit. a person can change a lot about the direction of the country there without making meaningful change in the moment. Grant and Carter are probably the two presidents who tried the hardest to do something positive with that power
prole@lemmy.blahaj.zone · 8 pts · 122d
Exactly.
I would say both Roosevelts did too. Admittedly, my Grant knowledge isn't super deep, what was it that he did that you think puts him in that group?
Quill7513@slrpnk.net · 6 pts · 122d
he had this crazy idea that the treasury department should give money to poor people and that someone should kick the KKK's ass
natecox@programming.dev · 6 pts · 122d
Let's not idolize Carter too much. I like a lot of what he did, and I obviously love his "old man building houses for the needy" golden years, but Carter was also the beginning of the dismantling of antitrust which is the primary reason we have wealth consolidation and market capture as the de facto norm today.
He started the ball rolling with a bizarre policy of "big businesses are good for everyone" which meant antitrust laws--while still on the books and our official policy--simply stopped being enforced. Regan capitalized on this but Carter started it.
Quill7513@slrpnk.net · 5 pts · 122d
oh for sure. and Grant wasn't great for indioenous people. America has never had a good president. just a limited selection who qualify for "most least worst"
tristynalxander@mander.xyz · 1 pts · 122d
CharlesDarwin@lemmy.world · 13 pts · 122d
Yeah, but windmills cause cancer and solar is basically gay. And EVs - I'm pretty sure if you drive those when you are male, your penis shrivels up, falls off and you grow a vagina.
mycodesucks@lemmy.world · 11 pts · 122d
Napster153@lemmy.world · 2 pts · 122d
Sarcasm: That's anti-profit! The shareholder nobility will starve!
BarneyPiccolo@lemmy.today · 45 pts · 124d
The Sociopathic Oligarchs see the Dow as the leading indicator of the economy, and never notice gas prices.
But to the average American, the price of GAS is the leading economic indicator, and that number psychologically symbolizes the health of the economy in their minds. That number is displayed on every corner in the country, and every American passes it many times a day, driving it into their skulls.
This is NOT good for MAGA, and a reckoning is coming. MAGA is feral, and when they feel cornered, wounded, and scared, they will strike out ferociously. It's going to get uglier before it gets better.
fluffykittycat@slrpnk.net · 5 pts · 123d
The fact that gasoline has giant signs telling you how much it costs is very symbolic of America as a Petro state. Because of that one thing alone it's the only products where every American can tell you exactly how much it costs, and specifically how much it costs in their area more so than nationwide. Because of credit cards most people couldn't tell you the price of other Essentials off the top of their head like a gallon of milk or a loaf of bread but gasoline? It's $5.50 at the station down the road
BarneyPiccolo@lemmy.today · 9 pts · 123d
I paid $2.74 on the day the bombing started. It went up to $4.29 yesterday.
Most working Americans couldn't tell you where the Dow is today, but every Sociopathic Oligarch knows it by the hour. But EVERY American knows the price of gas, and they're super pissed about it.
fluffykittycat@slrpnk.net · 2 pts · 123d
The one thing even the mist ignorant racist American cares about is the price of gas. This is what is gonna sink trump
hitmyspot@aussie.zone · -11 pts · 124d
Good, let the hate flow through you.
BarneyPiccolo@lemmy.today · 4 pts · 123d
I'm with you. You're getting downvotes, but not from me. This is no time to be polite.
BygoneNeutrino@lemmy.world · -54 pts · 124d
billybob@lemmy.zip · 31 pts · 124d
They tend to have a blind devotion to Donald Trump. By that I mean they change their opinions to match his actions. Every republican I know cared about the Epstein files, but now that Trump has expressed annoyance whenever they are brought they no longer care if they are released and even act annoyed if you bring it up. They viewed Joe Biden as evil and that he was the main cause for high gas prices, but now that gas prices are going up under Trump they understand the president doesn’t cause the prices to go up. The cost of healthcare, childcare, grocery’s, and housing were all things they cared about when Biden was president, but now that prices are going up and not down they no longer care. It’s not necessarily a personality, while I do feel a lot of them do share similar traits. What you are looking for is a person that is able to think however Donald Trump wants them to. That’s what makes a MAGA. It’s someone who will never criticize Trump they will just change their opinions. They only care about what Trump wants them to at the time.
BarneyPiccolo@lemmy.today · 11 pts · 123d
Good post. Too bad you wasted it on a guy who doesn't know what a MAGA is. I suspect he won't understand even after reading it.
billybob@lemmy.zip · 2 pts · 123d
You should check out his most recent comment if you want to laugh
BarneyPiccolo@lemmy.today · 2 pts · 123d
LOL, thanks.
village604@adultswim.fan · 6 pts · 123d
Except in this case the president directly caused gas prices to go up.
BarneyPiccolo@lemmy.today · 16 pts · 123d
You can't find MAGAs? I suspect that if you looked in the mirror, you'd see one.
mic_check_one_two@lemmy.dbzer0.com · 10 pts · 123d
Obvious troll is obvious. Your four day old account is full of Trump posting.
athatet@lemmy.zip · 9 pts · 123d
What does maga refer to? Perhaps the people who wear it on their hats? What is this question?
TigerAce@lemmy.dbzer0.com · 44 pts · 124d
The only big difference between Adolf Hitler and Donald Trump is that Hitler didn't sexually abuse children.
Comparisons:
Should I continue?
Lushed_Lungfish@lemmy.ca · 12 pts · 123d
I believe Hitler had a thing for his underage niece.
samus12345@sh.itjust.works · 11 pts · 123d
Hitler death: 4/30/45
Trump birth: 6/14/46
Certainly a case to be made for reincarnation.
TigerAce@lemmy.dbzer0.com · 1 pts · 123d
Hitler's bday is also same as Napoleon's.
samus12345@sh.itjust.works · 2 pts · 123d
No, it isn't. Hitler's is 4/20 and Napoleon's is 8/15.
TigerAce@lemmy.dbzer0.com · 1 pts · 122d
Napoleon III was born 20-04-1808
There were more than one Napoleons.
Birthday: april-20 1808
Birthplace: Ajaccio, France
Death Year: 1873
Age at death: 65 years old
samus12345@sh.itjust.works · 4 pts · 122d
Ah, so he was. However, if you just say "Napoleon" he's not the one that people will think you're referring to. That III is very important.
TigerAce@lemmy.dbzer0.com · 2 pts · 122d
Yeah my bad. I only know it because a friend of mine has his bday that day and he always says it's the same bday as Hitler and Napoleon. I assumed he was right, I also just found out it was Napi III.
Asfalttikyntaja@sopuli.xyz · 10 pts · 123d
Hitler was vegetarian, he didn’t like aMcDonald’s.
TigerAce@lemmy.dbzer0.com · 4 pts · 123d
Fair point
wuffah@lemmy.world · 8 pts · 124d
Don’t forget the uncontrollable farting.
bitjunkie@lemmy.world · 8 pts · 123d
Solid list but a really obvious miss for me was amphetamine addiction
Formfiller@lemmy.world · 8 pts · 124d
Except maybe his niece
Sgt_choke_n_stroke@lemmy.world · 4 pts · 123d
Hitler did speed and trump did cocain, he's probably on adderall now.
Paddzr@lemmy.world · 2 pts · 123d
He doesn't drink? Really? I'm kinda surprised at that.
captainlezbian@lemmy.world · 8 pts · 123d
His older brother, Fred, died of alcoholism related illness. If you believe Fred's daughter (the anti trump psychologist who wrote a book on her uncle) his alcoholism was a byproduct of the abusive household that they (Fred and Donald) grew up in.
Sobriety (alcohol) in response to that seems to be a rare bit of Donald making a wise choice, though it could easily be him attempting to one up his brother
TigerAce@lemmy.dbzer0.com · 6 pts · 123d
Hitler never drank, and Trump can't drink because it would kill his only braincell. But he is also known to never, or rarely, drink alcohol.
lemmyng@lemmy.world · 2 pts · 123d
If that biopic of him was accurate, Trump can't even hold his liquor.
Bytemeister@lemmy.world · 1 pts · 123d
Trump's drug of choice is a drawer full of Sudafed.
LittleBorat3@lemmy.world · 3 pts · 123d
No braincells to spare
Gates9@sh.itjust.works · 37 pts · 124d
FUCK EVERYONE BUY TOILET PAPER
avidamoeba@lemmy.ca · 17 pts · 124d
You had me at FUCK EVERYONE
Big_Boss_77@fedinsfw.app · 3 pts · 123d
FUCK EVERYONE, BUY TOILET PAPER
HootinNHollerin@lemmy.dbzer0.com · 8 pts · 124d
Bidet babay
nul9o9@lemmy.dbzer0.com · 31 pts · 124d
You stupid fucking asshole.
BilboBargains@lemmy.world · 25 pts · 123d
Trump officials bracing for nightmare scenario of renewable energy and end of global hegemony.
RememberTheApollo_@lemmy.world · 25 pts · 123d
What exactly are they “bracing” for? Not a single one of them has to pay out of pocket for it.
Kage520@lemmy.world · 28 pts · 123d
They are bracing for the voters to finally turn on them. Commit fraud? It's fine my gas is cheap. Sex with children? Eh whatever I don't want to consider if that's true or not as long as my gas is cheap. Bomb a school overseas? Whatever you've gotta do to keep my gas cheap. GAS PRICES ARE UP?! WTF IS THIS ADMINISTRATION DOING?! VOTE THEM OUT.
It's sickening, but it seems the price of gas is really all that matters to the Republican voter.
RememberTheApollo_@lemmy.world · 9 pts · 123d
This country has done nothing except wait for someone else to solve the “trump problem.” Protests are great to show unity and dissatisfaction, but I don’t think the regime cares. Protests are not force, and the only thing, if it isn’t obvious, this administration understands is abuse and use of force. They’d probably be fine with a Tiananmen Square scenario in the US, it would justify the final grab for power.
That said, I hope you’re right and gas is finally enough to force change. Hopefully we don’t replace one idiot with another.
Sanctus@anarchist.nexus · 2 pts · 123d
Its simply time to disobey. If you live next to an AI Datacenter now is your chance to shine.
boonhet@sopuli.xyz · 5 pts · 123d
To be fair, a coal rolling Duramax is pretty expensive to feed.
_stranger_@lemmy.world · 2 pts · 123d
It now costs the average Duramax owner $2 to drive down their driveway to their mailbox and back.
wuffah@lemmy.world · 20 pts · 124d
Around 80% of Americans live in cities, where there is nowhere to grow realistically self-sustaining quantities of food. If people can’t buy groceries because it’s no longer economically viable to ship food products to stores, what’s the point of anything else?
Shindo66@lemmy.world · 12 pts · 123d
Kind of an off point, but in the US, if the options are: grow your own sustaining quantity of food or starve to death. We're all starving to death.
tal@lemmy.today · 20 pts · 124d
I'd say that that sounds promising for EV manufacturers.
lemmyng@lemmy.world · 2 pts · 123d
He really expects everything to "open itself" for him like some sex worker with "9th layer of Hell" standards.
TheHighRoad@lemmy.world · 1 pts · 122d
I just bought a vehicle after a lengthy search because an affordable, good quality EV landed in my lap just the other day like manna from heaven. Divine providence? Probably not, but I'm feeling pretty good about it right now.
humanspiral@lemmy.ca · 16 pts · 123d
One idiotic move administration has made is to increase ethanol content of gasoline. Ethanol is corn based in US. Cost of corn is fertilizer based. The futures price of corn has only increased about 10%, while fertilizer costs are up 100%, and so no logical reason to plant corn that has been losing money for farmers for last 5 years.
Easiest plan to bring down energy prices would be to import chinese solar tariff free, to use on ethanol corn fields in Nebraska. Leaving room for Corn between panel rows when it is viable to grow corn for food again. There's even a path towards 0 cost electricity for 24/7 datacenters or other loads. https://lemmy.ca/post/59615557?scrollToComments=true
boonhet@sopuli.xyz · 7 pts · 123d
Your linked AI slop post has a LOT of assumptions and it's kinda expensive. If the total system capex is 50k for 1 kW load, it'll be 500 million for a modern 10MW data center. Then covering the deficit off employee BEVs for peanuts a kWh: That assumes you have enough employees for that and that they're willing to wear their batteries for this.
But yes, the whole ethanol requirement is stupid for a country that has its own oil anyway
humanspiral@lemmy.ca · 2 pts · 123d
You're right about cost assumptions of renewables. Like I said, tariff free Chinese costs + 30% local premium results in 0 electricity costs if $2/kg hydrogen revenue. Higher costs would still pay off at 10c/kwh from datacenter/other sales.
BigMacHole@thelemmy.club · 16 pts · 122d
If ONLY Iran would OPEN up the Straight
that was ALREADY Open BEFORE Trump bombed them for some Reason!WE wouldn't be in This Mess! We NEED Trump to FixTrump's Fuck Up!Iran!-NOT Sheep Republicans!
Maggoty@lemmy.world · 16 pts · 123d
They're gonna nationalize our oil aren't they? Required sale to the government at a set rate and then government will turn around and sell into the domestic and international markets to balance prices at our pumps.
It's about the only option other than stop bombing Iran and that's not happening.
Corkyskog@sh.itjust.works · 10 pts · 123d
That would be hilarious actually
Maggoty@lemmy.world · 16 pts · 123d
Oh Undoubtedly. I look forward to all the explanations as to why it's Capitalism when we do it and Socialism when Venezuela does it.
VinegarChunks@lemmus.org · 3 pts · 123d
Trump could ban US oil export. That would bring the price of gas down here.
He won’t do that.
zarkony@lemmy.zip · 2 pts · 122d
I'm doubtful of that. Oil is a globalized commodity, and international prices will still affect local sales, even if none of our oil actually comes through the strait of Hormuz.
I'm convinced the strait being closed is the whole point of this mess. It's just an excuse to charge more despite local production costs not changing. If export were banned, I think they'd just lower production to keep their margins high.
VinegarChunks@lemmus.org · 1 pts · 122d
The point is that banning the export of US oil would cause oil to stop being a globalized commodity (in the US.) US production and US consumption have not changed since the Iran war started. But US prices are up since US production is being shipped to places where their supply from Hormuz is cut off.
Other responder said that US refining can’t refine US oil, which would be extremely odd and I hadn’t heard that before but if true would indeed destroy my logic here.
Bassman1805@lemmy.world · 1 pts · 122d
The oil refineries we have in the US attention equipped to handle the type of oil we can actually produce here. We export just about all of our oil, and just about all of our oil product are refined from foreign oil.
If we didn't export US oil, we wouldn't be able to do much with it.
TehWorld@lemmy.world · 1 pts · 122d
I’m nowhere near an expert, but that’s solely a cost issue. We certainly have the tech and the oil companies would be happy to retool with taxpayer dollars. What’s another trillion or three between friends?
bearboiblake@pawb.social · 1 pts · 122d
It's not just cost, but also time. This issue is quite a pressing concern, I am no expert but from what I've read they can't quickly retool for a different type of oil, it would be a longer term kind of thing, not fast enough for the current crisis
Catoblepas@piefed.blahaj.zone · 14 pts · 124d
[laughs in public transit]
FaceDeer@fedia.io · 17 pts · 124d
Do you sometimes find yourself needing to buy things? Those need to be shipped to the places where you buy them. And the parts they're made of need to be shipped to the places where they're manufactured. You pay for all that when you buy them.
Catoblepas@piefed.blahaj.zone · -9 pts · 124d
Wow, I wonder if I’ll have more or less money to buy things that cost more if I’m not spending money on gas? 🤔
FaceDeer@fedia.io · 11 pts · 124d
You'll have the same amount of money, but things will cost more so you won't be able to buy as much.
This is some very basic economics.
Catoblepas@piefed.blahaj.zone · -7 pts · 124d
I don’t know how else to explain that by taking public transit I’m not paying for gasoline to power a personal car, meaning money I would have spent on gasoline from the gas station is money I now have for more expensive goods I can’t avoid buying, like food. People who aren’t taking public transit are paying for more expensive shit and also more expensive gasoline.
This is basic math.
FaceDeer@fedia.io · 14 pts · 124d
And I don't know how else to explain that your laughter is misplaced because you're going to suffer right along with everyone else anyway.
You're saving a bit on gas by taking public transit. Whee, bully for you. Lots of people save a bit by doing little things to save money. I keep the thermostat in my house lower than most people do because I like wearing fluffy housecoats instead, but I'm not laughing. It doesn't protect you when everything gets more expensive.
cerebralhawks@lemmy.dbzer0.com · 4 pts · 123d
They're laughing at you/us because they don't pay for a car, which means either they don't have a job or they live in a very population dense metropolitan area where the cost of living offsets the money they save by not having/needing a car. So yes in those areas you can have a car, but parking is severely limited, you pay for a parking space, parking just about anywhere else gets you towed, so most people just take the bus/train. If the bus/train is late, you might lose your job, but there are other jobs and your boss is probably late sometimes because they also can't afford a car. They get accustomed to this life and shame people who have cars because they envy their freedom, and their lower cost of living. Misery loves company, after all.
But they are right in that they don't have to pay for gas, or car insurance, or car maintenance. They still pay it in higher rent, utilities, and goods and services in the area. But they consider those costs sunk and therefore, do not factor them in. They think they're winning, when really, at best, they're no better than we are, and in some ways they are, but in many ways they're just as bad if not worse. But they're also shaming us for living the way we live, so that's worse too.
Fondots@lemmy.world · 8 pts · 124d
The goods you buy are transported to the stores you buy them from with fossil fuels
The public transit is, in all likelihood, powered by fossil fuels, which may make prices go up
Even if it's an electric train, or your goods are being delivered by electric trucks, etc. there's a good chance that the electricity is being generated by fossil fuels
But even if it's not and it's coming from solar, hydro, nuclear, etc. those are still likely reliant in some way on fossil fuels some extent for vehicles used to provide maintenance, deliver new/replacement parts, etc. and probably for backup generators to make sure critical systems stay powered in the event of an emergency shutdown, so the price of the electricity is going to go up.
You're really not as insulated from this as you seem to think, basically our whole economy is based around fossil fuels, when the price of them goes up, the price of literally everything else does as well. Sure, you're not outright paying directly for fuel, but everything else you are paying for is going to go up before too long.
Edit: also a lot of plastics and countless other materials you almost certainly use daily are made from petroleum.
HumanOnEarth@lemmy.ca · -1 pts · 124d
You are not nearly intelligent enough to be this confident.
Lodespawn@aussie.zone · 11 pts · 124d
[cries in hunger due to fertiliser shortage]
Lemminary@lemmy.world · 13 pts · 124d
Do it. First war and now gas prices. Two huge sore points for his base.
Treczoks@lemmy.world · 11 pts · 124d
The GOP already knows that they have lost the majority, so they try every trick in the book to keep non-republicans from voting. But with those gas prices, even hardcore country yokels who voted for anything with "REP" to it, dead or alive, might start thinking about this.
fluffykittycat@slrpnk.net · 2 pts · 123d
If you live in the city there's probably a bus that runs nearby even if it sucks. If you live in rural Montana you probably try though F-150 over a dozen miles to the nearest grocery store
anon_8675309@lemmy.world · 10 pts · 122d
He really wants to kill the economy so his rich buddies can buy everything up cheap.
humanspiral@lemmy.ca · 10 pts · 123d
West coast will run out of jet fuel in 2-3 weeks. US politics are so hateful, Texas will likely refuse to ship any by truck to say that this is "woke green policies" fault.
Andonyx@lemmy.world · 5 pts · 123d
Per an adjacent discussion on NPR, California is considered a "petrol-island". Conventional shipping over land is both difficult and inefficient because they're tucked on the other side of a mountain chain. Coming from Texas, willing or not, seems to have it's own additional expense.
humanspiral@lemmy.ca · 1 pts · 123d
Difficult sure. Would you prefer that it is impossible to fly to California, difficult? Shouldn't be. Cost of Jet fuel from GCC would make the difficult trip from Texas profitable.
pleasureyoucanmeasure@lemmy.sdf.org · 8 pts · 122d
americans complaining about gas prices will never be not funny
MyOpinion@lemmy.today · 7 pts · 124d
Trump in general is a nightmare.
Formfiller@lemmy.world · 6 pts · 124d
When is trump not a nightmare scenario?
Kurroth@aussie.zone · 4 pts · 123d
Isn't the US a net exporter of oil. Can someone explain to me why this wouldn't benefit them? Sell oil an increased cost with increased demand globally, cover costs at home with supplying the locally refined stuff for the population.
Anyone more in the know able to explain the gaps in my understanding?
Ashenlux@lemmy.blahaj.zone · 10 pts · 123d
My theory, it's not the government that has the oil, it's the oil companies. And because this is capitalism, the oil companies will charge as much as the can. So even if it is made here, the drastically reduced supply globally means the companies can change more, and so they will.
8oow3291d@feddit.dk · 6 pts · 123d
That is not a theory, that is just a fact.
In theory the government could and should impose price controls, for the common good. But Trump and Republicans are obviously not going to tell the oil oligarks that they can't have lots of money.
Ashenlux@lemmy.blahaj.zone · 5 pts · 123d
Yeah, fair enough. I am just not very informed on the oil industry, so I didn't want to sound like I did in case I was talking out my ass. Good to know I was correct in my assumption.
8oow3291d@feddit.dk · 4 pts · 123d
No no, I am not criticizing. I am all for using the correct level of qualifiers when speculating about things you know you don't know with certainty.
If only the people talking out of their ass about the current conflict in the middle east would do the same...
IronBird@lemmy.world · 1 pts · 123d
who do you think gave this admin their orders to kick the ME hornetnest? oil barons are making a killing right now
IamSparticles@lemmy.zip · 6 pts · 123d
Part of it has to do with the fact that most of the oil we extract in the US now is shale oil, which is lighter and thinner than what they pull out with traditional extraction. Most of the refineries in the US are not equipped to process shale oil, so we export most of it, and import what we can process.
humanspiral@lemmy.ca · 5 pts · 123d
The more exports of US oil/lng the higher the price for Americans. It's not as though oligarchy pays taxes, so when you say America makes money, there is no trickle down to Americans.
lama@lemmy.world · 0 pts · 123d
You're not wrong. The US could do that. But in the US there is no forcing function to make the companies subsidize the oil locally and they would rather make more profit by selling oil at the market price.
libre_warrior@lemmy.ml · 4 pts · 122d
Trump administration -> Epstein network
minorkeys@lemmy.world · 3 pts · 124d
Yeah, preparing to be even bigger assholes to hold onto power and avoid accountability.
Corkyskog@sh.itjust.works · 3 pts · 123d
TIL oil is only half the input cost of making gas.
Danarchy@lemmy.nz · 2 pts · 124d
The preparations are who to blame, how to grift, and not a single thing to help anybody else in any conceivable way
WanderWisley@lemmy.world · 2 pts · 122d
Trump officials prepping for nighttime scenario as Trump dies…
m3t00@lemmy.world · 2 pts · 123d
get in line for windmill powered EVs. self own king