3 ms·

QE generally, pandemic stimulus (in the dumbest, most grift-ridden, and least effective way possible), and fed blundering are all absolutely drivers, so to Saud

QE generally, pandemic stimulus (in the dumbest, most grift-ridden, and least effective way possible), and fed blundering are all absolutely drivers, so to Saudi attempts to aid the GOP in the elections, but under such cover the key story of the last 18 months + has been almost entirely been profit-taking. As with layoffs in the tech industry, those with few morals and a lot of greed duly exploit opportunities as they are presented. The striking thing about the profiteering going on is how shameless it is, which I personally correlate with the general post-pandemic breakdown of civility, self-restraint, and concern for the common good.

benj111 4y ago
Layoffs are counter inflationary though?!? What form is this profiteering taking? Are you accusing oil companies of profiteering? Or other company's that are increasing prices or what? Are you really discounting price increases due to the war in Ukraine? Do you not know what gas prices are in the rest of the world? They've at least tripled here in Europe. That isn't down to QE. And tripling gas prices very definitely leads to higher inflation.
- nullish_signal 4y ago
  I haven't read through much of the tangle of "Greens agree to peg Gas prices to Renewable prices" (my recollection) in the UK or elsewhere. Some Russian was streaming a burning stove 24/7, bragging that it cost like $5 / mo. Can a $500 solar installation boil water 24/7 for the same $5/mo? I feel that the energy density of Petroleum (and Nuclear) products is just so ludicrous that Wind and Solar can't compete. Sure, instability will lead to higher gas prices. So did Joe Biden's (Administration's) unilateral de-permitting of the Keystone XL pipe between Canada and USA, on Day 1 of his time in office.
  - benj111 4y ago
    >I haven't read through much of the tangle of "Greens agree to peg Gas prices to Renewable prices" (my recollection) in the UK or elsewhere What's your point??? >Some Russian was streaming a burning stove 24/7, bragging that it cost like $5 / mo. Can a $500 solar installation boil water 24/7 for the same $5/mo What's your point? Can you boil water 24/7 for $5 a month? No because you don't live in a gas rich state whose economy depended on gas exports, but has now been cut off from international markets. >I feel that the energy density of Petroleum (and Nuclear) products is just so ludicrous that Wind and Solar can't compete. Why is energy density a relevant metric? How do you even want to measure energy density? A wind farm can be used for other things. A nuclear reactor not so much. And yes my uranium handwarmer is nice and compact, but the are reasons why no one else uses one.

benj111 4y ago

Layoffs are counter inflationary though?!? What form is this profiteering taking? Are you accusing oil companies of profiteering? Or other company's that are increasing prices or what? Are you really discounting price increases due to the war in Ukraine? Do you not know what gas prices are in the rest of the world? They've at least tripled here in Europe. That isn't down to QE. And tripling gas prices very definitely leads to higher inflation.

nullish_signal 4y ago
I haven't read through much of the tangle of "Greens agree to peg Gas prices to Renewable prices" (my recollection) in the UK or elsewhere. Some Russian was streaming a burning stove 24/7, bragging that it cost like $5 / mo. Can a $500 solar installation boil water 24/7 for the same $5/mo? I feel that the energy density of Petroleum (and Nuclear) products is just so ludicrous that Wind and Solar can't compete. Sure, instability will lead to higher gas prices. So did Joe Biden's (Administration's) unilateral de-permitting of the Keystone XL pipe between Canada and USA, on Day 1 of his time in office.
- benj111 4y ago
  >I haven't read through much of the tangle of "Greens agree to peg Gas prices to Renewable prices" (my recollection) in the UK or elsewhere What's your point??? >Some Russian was streaming a burning stove 24/7, bragging that it cost like $5 / mo. Can a $500 solar installation boil water 24/7 for the same $5/mo What's your point? Can you boil water 24/7 for $5 a month? No because you don't live in a gas rich state whose economy depended on gas exports, but has now been cut off from international markets. >I feel that the energy density of Petroleum (and Nuclear) products is just so ludicrous that Wind and Solar can't compete. Why is energy density a relevant metric? How do you even want to measure energy density? A wind farm can be used for other things. A nuclear reactor not so much. And yes my uranium handwarmer is nice and compact, but the are reasons why no one else uses one.