5 ms·
Some thoughts that might blow the mind: A) price of oil/gas was going up well before Russia/Ukraine. Putin’s work is an aggravating factor, but hardly the whol
by aksss 4y ago
Some thoughts that might blow the mind:
A) price of oil/gas was going up well before Russia/Ukraine. Putin’s work is an aggravating factor, but hardly the whole reality of the market challenges.
B) fuel demand is pretty inelastic compared to lumber. The world is still moving into fossil fuels (increasing demand each year), not flatlining, let alone decreasing. When the supply shrinks, we’re all competing for the same limited supply of dino-juice with our fist-full of dollars. [yes, algae and plankton, I know].
- Ekaros 4y agoB) Fuel demand had a slump due to external factors. And as supply was also somewhat inelastic the priced dropped. Now that we are returning to normal or even increased demand price is sensibly going up. Previous 2 years were anomaly, not the normal.