$5 Gas... It's De-Ja-Vu All Over Again...

[joecct]

Pax Britannica ruined everything, and the halt of Western evolution probably dates from that. Europe was in near constant warfare from approximately 800 to 1800. We got a lot of good genetic work done during that time. But I don't see any way to specifically target idiotic aggros for early death anym--- never mind, as you were.

The Hapsburgs sort of agree/disagree with that.

[The Sicatoka]

Did $5 gasoline (and $6 diesel) and the downstream effects* trigger two consecutive quarters of negative economic growth. Or is this a ham-fisted way to pull some of the Covid stimulus money and what some have called excess savings* back out of the economy (to cool off 9% inflation).



*prices on trucked goods, or anything involving oil, go up, thus consumers have less to spend on other things
**if any of you have 'excess' savings, send it on over

[RaceBoarder]

Man... I never knew that $1500 I received over a year ago would have such long lasting effects....

[unofan]

Did $5 gasoline (and $6 diesel) and the downstream effects* trigger two consecutive quarters of negative economic growth. Or is this a ham-fisted way to pull some of the Covid stimulus money and what some have called excess savings* back out of the economy (to cool off 9% inflation).



*prices on trucked goods, or anything involving oil, go up, thus consumers have less to spend on other things
**if any of you have 'excess' savings, send it on over

Since inflation is a world-wide issue caused by supply shocks (Covid and the Russian invasion of Ukraine) and is not limited to the US, I reject both of your premises and suggest you stop taking economic guidance from Scott ****ing Adams.

[The Sicatoka]

Man... I never knew that $1500 I received over a year ago would have such long lasting effects....

It's currency in circulation (or as "excess savings").

[The Sicatoka]

Since inflation is a world-wide issue caused by supply shocks (Covid and the Russian invasion of Ukraine) and is not limited to the US, ...

Those are both real, and we have the noted additional compounding factors. We could help the world supply of energy (deinflationary move) by returning to US energy independence. But the stimulus dollars would still be in circulation.

[aparch]

It's currency in circulation (or as "excess savings").

I just realized you're actually Mitch McConnell.

[ScoobyDoo]

I just realized you're actually Mitch McConnell.

lmao. pretty damm close.

[aparch]

... by returning to US energy independence. ...

We still are.

Also note that any calculation of import and export of petroleum and petroleum products (e.g., gasoline, diesel, jet fuel) also includes pharmaceuticals, because those are derived from petroleum products.

[aparch]

lmao. pretty damm close.

I mean, it's the same train of thought...

[MichVandal]

Those are both real, and we have the noted additional compounding factors. We could help the world supply of energy (deinflationary move) by returning to US energy independence. But the stimulus dollars would still be in circulation.

Do you really live in North Dakota? Seriously, you should KNOW that we are an energy exporter, much thanks to your efforts to pollute your ground water. At the same time, being in an energy producing state, you should also KNOW that hydrocarbons are a world market, making it pretty impossible to isolate yourself from the world market.

How is it that you don't know that?

At the same time, you should also 100% support wind farms, since that's all local made energy, reducing the load on the HC market (including coal).

[aparch]

At the same time, you should also 100% support wind farms, since that's all local made energy, reducing the load on the HC market (including coal).

He would be all in on that if it wasn't for those pesky batteries. He doesn't know how they work.

[WeAreNDHockey]

How is it that you don't know that?

I think it's because he's a ****ing idiot.

[The Sicatoka]

We still are.

Also note that any calculation of import and export of petroleum and petroleum products (e.g., gasoline, diesel, jet fuel) also includes pharmaceuticals, because those are derived from petroleum products.

The article says petroleum is out of balance.

We could fix that* internally or we could go pound knuckles with a sheik that had a reporter butchered (and have the sheik tell us to pound something else he has abundance of). And the US fixing itself to steady net exporter we'd help the Euro allies by stabilizing global markets and have them buy from (butcher) sheiks and not (butcher) Russians.


*restart ND and TX production; restarting Keystone XL

[The Sicatoka]

Wind is wonderful, but it's unreliable. We need large scale energy storage to make it reliable for baseline load.

Here in ND, where Handy can confirm the wind blows, Minnkota Power has 457MW (faceplate) of wind. That's perfect conditions generation rating. None of their three sites have been anywhere near that in 24 hours. You can't rely on wind right now.