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I want it $1000 a barrel just because of all the train lines it would build. The first time I saw gas get over $5 I was in LA and they very quickly approved the new extensions people are enjoying today.
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Meanwhile in the UK we have to suffer with privatised Railways. Scum cunts, and that is because the older generation decided they didn’t want to pay tax towards it. Imagine having to pay £100 to go 300 miles on a train. Should be 20% of that.
Quick, increase interest rates! That will show them
Wish I knew what the oil cartels hope to achieve with this. It’s not as if we’re ever going to soften on support for Ukraine. Maybe just lashing out?
They’re cashing out. They know the jig is up and they’re not investing in new wells like they used to and are justenjoying the higher profit margin on the existing wells.
As well as the EV transition is going, we’re still decades away from them becoming the dominant consumer vehicle worldwide. Even further away for commercial vehicles, and further away still for shipping and planes. These countries are making hay while the sun is shining. If the West had any balls it would sanction the shit out of cartels like OPEC. Problem is, voters punish politicians who allow gas prices to rise, and OPEC knows this. We’re not willing to trigger a price war by enacting sanctions.
Super agree that they strongly prefer a certain stripe of US politician, understand our electorate, and pull their levers accordingly. It would be immense if we could short circuit that weakness in our democracy somehow. A green new deal would have done that, but the Dem party oldsters seem to hate that idea.
Honesty this is a good thing. Higher prices make transition away from oil mote profitable and it seems we’re only allowed to do things if they’re profitable. Maybe a good old fashioned oil.crisis is what.the world needs. We put up with 1973 style shit for a little while and then investments away from oil happen and then we never go back. We have tools we didn’t back then, like good wind and solar, ebikes, more developed transit networks in cities, etc. So it won’t even be as sucky
