TLDR Trump loosed the dogs of war, screwed the pooch, and now gets to eat a dogshit sandwich. He won on day one and lost everything. Iran's regime literally changed — new Supreme Leader, wartime mandate, unified population — and the US is still bombing...
Every $10 increase in crude translates to roughly 24 cents per gallon at the pump. So we’re looking at 25 to 45 cents per gallon — baked in, structural, not going away when the war ends, not going away when the headlines fade, not going away ever.
Can we stop with this narrative that this is somehow a bad thing?
The price of oil has been too low. calculate the cost if externalities, and the price should be close to infinity.
That time has passed. It was supposed to be a slow transition since 1970s.
Now the only option is to just stop now.
And most of the world’s food is produced locally. For those few heavily industrialized countries that chose to centralize their food systems to be dependent on fossil fuels, they have enough wealth to give free food to their poor populations.
…With imported nitrogen fertilizer made from fossil fuel. And with farm machines burning imported oil. And transported even to local market using imported fuel.
Can we stop with this narrative that this is somehow a bad thing?
The price of oil has been too low. calculate the cost if externalities, and the price should be close to infinity.
Just stop oil.
Food prices are still tied to fossil fuel prices. This will cause a lot of very real pain, among the poorest in the world.
So yes, we need to get to net zero carbon. But there has to be a more humane way than unplanned cold turkey.
It’s only cold turkey now because we haven’t done it in the last 50 years.
That time has passed. It was supposed to be a slow transition since 1970s.
Now the only option is to just stop now.
And most of the world’s food is produced locally. For those few heavily industrialized countries that chose to centralize their food systems to be dependent on fossil fuels, they have enough wealth to give free food to their poor populations.
…With imported nitrogen fertilizer made from fossil fuel. And with farm machines burning imported oil. And transported even to local market using imported fuel.
Nope. False misinformation (though common misconception).
Most of the world’s food systems never adopted the broken “green revolution”. They’re local and mostly organic.