Yeah its fucked there already:
www.abc.net.au
Most normal people DID complain about it, and those who shouted about it most as the main point are some of the same ones handwaving it now, is that any better?
Yes, don't you see, the magic cough makes everyone blameless...
In fairness this isn't quite the case with US as with smaller countries. It you are a small country heavily dependent on energy imports then price increase as a result of global shortages are somewhat inevitable but the US is a net exporter, so either as a result of specific policies or a lack of strategy will be a big contributor to price increases for a country like the US. Also, the main reason why energy prices are high in Germany is a result of the Ukraine war, however it was made worse through policies such as closing nuclear plants and choosing to become reliant on gas from Russia in the first place. Most cases, energy prices are a combination of internal and external factors. Even now the US produces huge amounts of oil which could be limited for domestic use.
I've always heard a major bottleneck in the US fuel issue is our refinery capacity, and we haven't built any new ones in over 50 years. And sadly, a lot of them are located in gulf coast area, and can often affected by hurricanes. And one just caught fire in Texas recently!
Yes, and that would be a policy decision. This isn't about necessarily blaming particular individual presidents for this. To use Germany as an example, they deliberately chose to become more reliant on gas from Russia, even after the annexation of Crimea. So they made very bad decisions. Now in the case of America, you have massive amounts of land and energy resources. It's going to be more of a choice in the US than even Germany. House prices for example should be very low. We're not talking about the Netherlands here. If you were to disect the cost of the house you would find a dozen planing laws and regulations that make that price. Same would be for oil and gas. Whether it's the Republicans or the Democrats they act as if they live in Bhutan
Sure, sure. I almost lost sleep over your post last night.......almost.
Biden supply side inflation was caused by post pandemic demand surge combined with the invasion of Ukraine. It requires conspiracy theories to blame Biden for them. On the other hand it requires conspiracy theories to not say Tariffs and the Iran war were something to do with Trump.
Gen Z are way off base of they think their financial situation is based on any president(well you could lay blame on Woodrow Wilson). They should have more critical thinking. If my grandpa could buy a house for $4500, my dad for $45k, and the current average of $450k, that alone should tell you the problem is NOT because of cosmetic surface level policies by any one president.
Who knows what caused this its a total mystery but if the stock market is doing great then who cares!
I don't blame Biden but like European leaders he did nothing either. In America's case it wasn't strictly supply driven mainly because it never imported oil and gas from Russia infact it exports oil and gas as it did throughout the pandemic. It wasn't literally supply constrained. Even Russia is limiting it's gas prices by limiting exports. Unlike America, the UK is literally supply constrained. However, in the UK, half the price of gas is tax/duty. Now while this war is nothing to do with the government, we should be reducing the tax to alleviate inflation but we are not. Actually there is a planned fuel duty increase. Thats a choice.
Because Iran retaliating against the Qatari natural gas fields/infrastructure will be catastrophic for global energy prices.
They showed what they were still capable of when the Israelis bombed their natural gas infrastructure. Qatar got whacked. Trump had to tell Bibi he was naughty and don't do that again. Iran have exercised some restraint. Heavily degraded yes but still capable.
I think Kharg will be objective #1 for a ground offensive. Not destroyed but used as a bargaining chip in the near future.
Neither governments or central banks have any direct power to ease global supply side shocks. They are not that powerful. I guess there are things like strategic oil reserves or grain reserves but that doesn't work for everything.
At this moment some countries are experiencing higher jumps in oil prices than others. This is due to the specific differences between the countries from reserves to tax policies. For the US, it is a net exporter of oil. which means it exports more than it imports. America is not now and hasn't been at least since 2020 when it became the biggest producer, oil supply constrained. It's not like some Eastern European countries that literally found themselves with less oil and gas after the invasion. It's more market driven in the US than physical supply issues. The US produces a surplus of oil. America is one of the few countries that can influence the price of oil which it does. I don't think Americans realise just how fortunate they are.
Those of us who don't hate America surely do. I would not live anywhere else in the world.
I can tell that a lot of Americans follow European politics because they think the reasons why they have energy and housing issues is the same reasons we do. Obviously the Uk which has a population of almost 70 million and a third the size of Texas is going to have certain housing pressures that the US doesn't have. Energy is the same. We import more oil and gas than we produce. We literally are limited by supply. Luckily we are able to buy the surplus oil and gas from the US as with Norway. When I hear Americans say gas is up due to supply issues even though we buy your excess oil, then it's not for that reason. If in some scenario the US genuinely had supply issues, it would stop exporting. Europe is buying our gas and oil increasingly from you guys. Need to let us know if you don't have enough....
They should be for how much money and tech the US gives them.
They supposed to persians yet behave like arabs with AI and videosIs this what happens when an entire generation is raised on Call of Duty? Delusional doesn't even begin to scratch it, more like deranged!
As if they are not attacking it already.
Well they have created a lot + plus they have been operating in the region for generations at this point. Like since 1948 at least I would not be surprised they were sending spies and others everywhere.
Yeah, I also expected a famine when Ukrainian war started because both Ukraine and Russia are huge grain exporters. Did not happen.
So what do you expect them to do even if Russia provides the intelligence (that does not do much)? lol Well it is time for Europe to step in Ukraine. They told that Iran was not their war, then I guess Ukraine is. Send troops there, more equipment, intelligence etc. etc.
They only attacked Ras Laffan in Qatar after the Israeli bombing of the Iranian South Pars gas field infrastructure.They supposed to persians yet behave like arabs with AI and videos
As if they are not attacking it already.
Well they have created a lot + plus they have been operating in the region for generations at this point. Like since 1948 at least I would not be surprised they were sending spies and others everywhere.
Weren't they bombing Saudi Arabia and others? Plus Iraq, Kuwait and others? Qatar situation was hilarious considering that Qatar was one of their sugar daddies. UAE bombings were also hilarious considering that UAE historically has been the main contrabanda hub for Iran.
