Great cause-and-effect analysis. If we - the US, the world - had actually gone hammer and tongs at solar energy, windmills, new hydraulic power systems, and viable biofuels when they started making headway two-plus decades ago, where would we be now?
What about the cost in innocent Irananian lives? Who cares about them? Are they not worth mentioining at least as much as a little pain at the pump or grocery store? Its obvious that our Administration cares little for lives abroad, but the rest of us do. Collateral damage is the blind spot in war.
Let me add a couple of points. Transportation fuel is the place where supply & demand economics meets the chemical engineering of an oil refinery. A refinery is designed to take a particular kind of oil (light & sweet or heavy & sour) and refine it according to the normal market demand for x% gasoline, y% diesel, & z% other products. These input and output factors are designed into the refinery and cannot be easily changed without considerable investment of time and money. Gasoline consumption is largely for personal automobiles and is to some extent discretionary (elastic, in economists' terms). Diesel, as you say in the article, is the fuel of business & its consumption is much less discretionary. So as the price of all fuels goes up, the demand for gasoline will drop and the price pressure will ease a bit. The demand for diesel will not drop and the price will not ease. To the extent refiners reduce refinery outputs because of lower gasoline demand, this will increase price pressure on diesel as demand continues but
supply shortens. In normal times, diesel is often cheaper than gasoline. In tight times, prices cross over. I just looked at Natural Resources Canada data and gasoline shows up at $1.55 per litre while diesel is north of $2. In January, gasoline was more like $1.31 to diesel's $1.46, a lesser spread. Taxes come into it too, but that's for another day.
Who could have possible imagined? Thing is R’s are terrible at connecting the dots. And, Trump? He eats the crayons. Tragic: school children. Unnecessary, the Not-a War, war. Only a fool would not know this enterprise is worthwhile says He Who Would Be King? Standby, because it will get worse before better, and it just be the gas pump.
Recommended reading: “Last Light” by Alex Scarrow. It is a novel which shows how quickly normal life can break down when oil supplies are deliberately restricted. Set in Britain, it is easily transferable.
Maybe instead of pre-missing oil prices we should be looking at other forms of heating, energy, and transportation. It is now time to re-write. our own history as we'd like to see it. Roger Rabbit, an old movie, was a cartoon driven film about how the Auto Empire overrode common sense and instead of spending money on Public Transportation, it invested in Car Companies! VoilaI' It's 'fixed'. I'd like to revisit that today. Water Waste, there's another. source of waste if we are willing to water hot electrical computer chips but not provide enough for people. Want more? How many die of Hunger each year? As much as could have saved them judging from all the food wasted and thrown away in this country. For a world craving efficiency, we waste a lot, all except for the humanity we could be better at sharing. We Donate to those things we Need, but we pay taxes for what we want. Who is calling this out if we don't get our money's worth for what we are forced to pay?....Does anyone holding the purse strings care about us? Could it be someone else's money someone is worried about, like those who need it the least? It is called Socialism if the necessary expense serves All the People, but it is called investing and creative when you use the taxes to divert funds to create new ways to steal the tax money. We do not need to worry about what something is called to see whether it is fair or not. Rather than 'labeling' something and sticking a like/don't like if you are a R or a D like who cares unless you are in Research and Development? Well, Republicans and Democrats can now see clearly the differences those labels were covering up. One parties is devoted to getting rich and then they don't want to share so don't start looking for handouts, OR, One party is pleasing socialists who really don't like anyone that doesn't work, unless they are rich....see how the game is played??? We need new rules, just as someone on tv recommends.....
Great cause-and-effect analysis. If we - the US, the world - had actually gone hammer and tongs at solar energy, windmills, new hydraulic power systems, and viable biofuels when they started making headway two-plus decades ago, where would we be now?
I didn't see this until after I'd written mine. This is succinct and to the point. Thank you!
Brilliantly analyzed and written. Reality is not a propaganda video.
What about the cost in innocent Irananian lives? Who cares about them? Are they not worth mentioining at least as much as a little pain at the pump or grocery store? Its obvious that our Administration cares little for lives abroad, but the rest of us do. Collateral damage is the blind spot in war.
The American society is extremely ignorant of economics of life and gullible. They are visual instead of cerebral
Great cause and effect analysis. I watched Hegseth on 60 minutes and I watched Face the Nation. CORRUPTION ON ALL SIDES.
And nobody is reading about Epstein and friends.
Let me add a couple of points. Transportation fuel is the place where supply & demand economics meets the chemical engineering of an oil refinery. A refinery is designed to take a particular kind of oil (light & sweet or heavy & sour) and refine it according to the normal market demand for x% gasoline, y% diesel, & z% other products. These input and output factors are designed into the refinery and cannot be easily changed without considerable investment of time and money. Gasoline consumption is largely for personal automobiles and is to some extent discretionary (elastic, in economists' terms). Diesel, as you say in the article, is the fuel of business & its consumption is much less discretionary. So as the price of all fuels goes up, the demand for gasoline will drop and the price pressure will ease a bit. The demand for diesel will not drop and the price will not ease. To the extent refiners reduce refinery outputs because of lower gasoline demand, this will increase price pressure on diesel as demand continues but
supply shortens. In normal times, diesel is often cheaper than gasoline. In tight times, prices cross over. I just looked at Natural Resources Canada data and gasoline shows up at $1.55 per litre while diesel is north of $2. In January, gasoline was more like $1.31 to diesel's $1.46, a lesser spread. Taxes come into it too, but that's for another day.
https://www2.nrcan-rncan.gc.ca/eneene/sources/pripri/prices_bycity_e.cfm
California Arco regular gas is $4.99/gal
Who could have possible imagined? Thing is R’s are terrible at connecting the dots. And, Trump? He eats the crayons. Tragic: school children. Unnecessary, the Not-a War, war. Only a fool would not know this enterprise is worthwhile says He Who Would Be King? Standby, because it will get worse before better, and it just be the gas pump.
Recommended reading: “Last Light” by Alex Scarrow. It is a novel which shows how quickly normal life can break down when oil supplies are deliberately restricted. Set in Britain, it is easily transferable.
Maybe instead of pre-missing oil prices we should be looking at other forms of heating, energy, and transportation. It is now time to re-write. our own history as we'd like to see it. Roger Rabbit, an old movie, was a cartoon driven film about how the Auto Empire overrode common sense and instead of spending money on Public Transportation, it invested in Car Companies! VoilaI' It's 'fixed'. I'd like to revisit that today. Water Waste, there's another. source of waste if we are willing to water hot electrical computer chips but not provide enough for people. Want more? How many die of Hunger each year? As much as could have saved them judging from all the food wasted and thrown away in this country. For a world craving efficiency, we waste a lot, all except for the humanity we could be better at sharing. We Donate to those things we Need, but we pay taxes for what we want. Who is calling this out if we don't get our money's worth for what we are forced to pay?....Does anyone holding the purse strings care about us? Could it be someone else's money someone is worried about, like those who need it the least? It is called Socialism if the necessary expense serves All the People, but it is called investing and creative when you use the taxes to divert funds to create new ways to steal the tax money. We do not need to worry about what something is called to see whether it is fair or not. Rather than 'labeling' something and sticking a like/don't like if you are a R or a D like who cares unless you are in Research and Development? Well, Republicans and Democrats can now see clearly the differences those labels were covering up. One parties is devoted to getting rich and then they don't want to share so don't start looking for handouts, OR, One party is pleasing socialists who really don't like anyone that doesn't work, unless they are rich....see how the game is played??? We need new rules, just as someone on tv recommends.....