3 ms·

You’re the one that seems to not fully understand the scale of what is happening - economically. ‘Months of US supply’ == large portions of the world GDP. Peo

by lazide 5mo ago

You’re the one that seems to not fully understand the scale of what is happening - economically. ‘Months of US supply’ == large portions of the world GDP. People want to get rich and/or not starve now (and for the next 20 years) too.

cyberax 5mo ago
> ‘Months of US supply’ == large portions of the world GDP. The world's yearly GDP is around $120T a year. 1 billion barrels at $50 per barrel is around 0.04% of that.
- lazide 5mo ago
  lol, $50 bbl, and no counting knock on economic activity or price effects? Sure.
  - cyberax 5mo ago
    Totally agree. We also need to deduct the cost of the eventual remediation and cleanup. And the cost of resettling people from the ghost towns once the oil runs out.