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Like the runup to COVID, everyone is just shambling along pretending that nothing’s happening. Even if the strait is opened tomorrow, inventories will continue

Like the runup to COVID, everyone is just shambling along pretending that nothing’s happening. Even if the strait is opened tomorrow, inventories will continue to fall for some time. This is going to be a serious crisis. I am really not looking forward to whatever bullshit laws they try to force through during the crisis.

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nxm 5mo ago
And just like Covid, where I recall almost everyone on HN believed it'd be the end of the world, the world will adjust and will get through this just fine.
- bell-cot 5mo ago
  > ... like Covid, where I recall almost everyone on HN believed it'd be the end of the world ... Looking back, but don't see that. Maybe I'm just failing to hit Peak Doomer? For example - https://news.ycombinator.com/front?day=2020-06-09 https://news.ycombinator.com/front?day=2020-06-09
- iamnothere 5mo ago
  “Getting through” a crisis is almost guaranteed short of a planet killing asteroid. We also “got through” WWII, although it was an extremely unpleasant time. Covid (and the response to it) caused the deepest global recession since the Great Depression. It was a big deal, very damaging to the global economy, and generally a miserable time for most.
- dragontamer 5mo ago
  No one is claiming the end of the world here. Just $150 to $200 per barrel of oil.
- vor_ 5mo ago
  Your recollection is incorrect, and besides that, Covid had a serious impact on the world that's still being felt today. We didn't simply "get through it just fine."
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- eMPee584 5mo ago
  It was absolutely the end of the world for many folks not as privileged by sheer chance of birth place. And getting through this "just fine" will mean hundreds of thousands of starvations in addition to the "default rate" of ~10k just children dying of malnutration each day. So yeah, congratulations to your luck that you can just shrug it off as insignificant for you personally..

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nxm 5mo ago

And just like Covid, where I recall almost everyone on HN believed it'd be the end of the world, the world will adjust and will get through this just fine.

bell-cot 5mo ago
> ... like Covid, where I recall almost everyone on HN believed it'd be the end of the world ... Looking back, but don't see that. Maybe I'm just failing to hit Peak Doomer? For example - https://news.ycombinator.com/front?day=2020-06-09 https://news.ycombinator.com/front?day=2020-06-09
iamnothere 5mo ago
“Getting through” a crisis is almost guaranteed short of a planet killing asteroid. We also “got through” WWII, although it was an extremely unpleasant time. Covid (and the response to it) caused the deepest global recession since the Great Depression. It was a big deal, very damaging to the global economy, and generally a miserable time for most.
dragontamer 5mo ago
No one is claiming the end of the world here. Just $150 to $200 per barrel of oil.
vor_ 5mo ago
Your recollection is incorrect, and besides that, Covid had a serious impact on the world that's still being felt today. We didn't simply "get through it just fine."
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eMPee584 5mo ago
It was absolutely the end of the world for many folks not as privileged by sheer chance of birth place. And getting through this "just fine" will mean hundreds of thousands of starvations in addition to the "default rate" of ~10k just children dying of malnutration each day. So yeah, congratulations to your luck that you can just shrug it off as insignificant for you personally..