The worst and most stupid bit is this:
Speaking to crowds on Wednesday, vice president JD Vance said US allies are “suffering from this, frankly, more than we are.”
He claimed this was because they had “focused on a lot of green energy scams and they’re hurting a lot more than we are.”
Vance continued:"As much as we’ve got to focus on getting these gas prices down, the reality is overseas they’re feeling it far worse than we did because we’ve taken the steps to protect our energy economy.
I have questions.
What steps did they take? They didn’t take any steps.
Who’s hurting more? The gas prices in US has increased by 50%. I don’t see that anywhere else. This is partially because we already pay a lot more in fixed taxes, so the gas prices alone doesn’t cause the same kind of spikes. Of course we still pay more for it as usual, but the current increase of about 10% doesn’t hurt us as much as it hurts the Americans.
What green energy scams is he talking about? Green energy works. I wouldn’t call it a stable price, as it fluctuates like the wind, but on average I’m paying less for charging my car than I did last year, and I’m expecting the price to drop. It was always cheaper than gas per milage, still is and certainly will be even more so in the future. Big scam huh.
“We created an unnecessary serious problem, but it causes more grief for you than for us! So why don’t you come help us fix it (at our direction of course).”
Gee, can’t guess why that might get some allies p.o.'d…
Why don’t you go outside and couch yourself, Vance
As much as we’ve got to focus on getting these gas prices down, the reality is overseas they’re feeling it far worse than we did because we’ve taken the steps to protect our energy economy.
Like restocking the US Federal Oil reserve right? Like you promised you would? Before the war you started right?
Oh, you didn’t? Why Vance?
Probably another “Japanese” stealthy tactics.
I’m pretty sure he thinks allies of the US are beta males that follow the US alpha male…
Stupid toxic masculinity and their constant attempts to cover up their weakness and insecurities by pretending they are ‘real men’. And ‘real men’ don’t have empathy. So they behave like self serving pricks.
Why do people vote baby brained bullies into positions of power?
I’m pretty sure he thinks allies of the US are beta males that follow the US alpha male…
Vance said Trump was “America’s Hitler”. Before Vance realized that he could get power by supporting Trump.
You seem to be using “he thinks” in the sense “Vance genuinely believes”. I am not convinced Vance believes anything, his actions look like pure opportunism.
No conservatives believe anything. They say and do whatever helps them in that moment and in the next moment they’ll say and do the opposite as long as it helps them. They’re animalistic, idiots who only react to things. There’s no long term thinking, there’s no layered thinking it’s just “you think this is bad, so I’m going to say it’s good”
Before
VancePeter Theil realized that he could get power by [making Vance] supportingTrump.
The US has allies??
trump has, which is mostly PUTIN AND MSB.
Not after this we won’t.
US does not have allies. US & Osreal created the Iran war, US can clean up the mess.
If by “this” he means the Trump Administration; then YES we are suffering worse than they are. So tired of their president and the global geopolitical/economic harm he has done.
Stupid fucking prick
He’s not stupid, his voting base is.
What’s worse is that people actually believe him.
he did reaped the popes soul.
What’s even worse is that they think that it’s a good argument by him.
Eh, I don’t know… These MAGA’s are more monsters than people at this stage.
That’s a bit too polite for me
He missed his calling. He should be living in a trailer park with a yard full of weeds, broken toys and dog shit, a police record and a restraining order from his ex-wife.
Od from fent you mean
We can thank Peter Thiel for that.
Oil / Gas is a global commodity, shipped around the world on tankers. If prices are higher in France, someone will take cheaper oil/gas from the US and ship it to France where they can make more money.
In the short term, maybe the US suffers less. But, in the longer term prices well even out as people will sell wherever they can get the highest profits.
I don’t even think we are suffering more. Like my fuel prices have gone up by 10p/litre. I’m seeing Americans pay over $100 to fill their tanks, I paid £60 today, our national debt isn’t sitting at 20 odd Trillion and our stock market didn’t just lose over $1T. Like everything else with these clowns, the truth is the opposite of what they say it is.
US oil export terminals are operating near 100% capacity. The US can’t physically export more than they’re doing already. I think that’s the main reason for the WTI and Brent gap.
Countries with higher gas taxes are going to have higher prices than the US.
Okay, I admit that I’m terrible at human relationships.
But even I know that if you ask someone for help and then gloat over them they’re going to be less likely to help you.
How are these guys this bad at this and still in global office?
How? Look at this generation of voters. Thats how!
They have the most access to information compared to any period of human history, and yet are demonstratably less factually informed and less humanly resourceful than ever before.
Social engineering by SOME gone wrong
Or right, depending on the objective.
They have the most access to misinformation as well.
We all have more access to misinformation. The problem is that most people in the US have no critical thinking skills.
This is by design. Conservatives get outraged if you try to add critical thinking classes to school curriculum.
They think they can bully all the other governments into submitting to their wishes, because they assume that’s how the USA has always been able to dominate the post-ww2 world.
They’re wrong. They do not understand soft power. They do not understand that US economic power is a mutual decision, and that we foreigners decided to allow the US its leadership because we benefited too.
They do not understand that military power has limits. They are unable to comprehend that they have severely weakened the USA as a world power, and given China victory after victory, and - maybe permanently - lost the trust of Europe, Japan, Canada, Australia, and South Korea.
Yes, the ultra-conservative forces behind people in the administration like Stephen Miller and Russ Vought - ie the Heritage Society and associated organisations - have won a historic series of ideological victories over their hated progressive enemies. The cost, though, is that they have badly damaged the USA’s power to direct the course of international events.
For evidence of that, see Trump’s pathetic whimpering that none of the former friends of the US have turned up to help re-open the Strait of Hormuz.
He cannot see that the way we were keeping it open was by not attacking Iran. That was the reality. There would be no point in sending ships. You could only stop Iran by killing millions of Iranians, and losing millions of your own troops, in a ground invasion, and the example of Hezbollah and Gaza shows even that might not work.
It’s insane that he might do it anyway.
Maybe someone smarter than me can chime in… But isn’t petrol a finite resource? Shouldn’t we be planning our infrastructure for when it eventually runs dry?
A complicated question, but in short, yes, it’s finite. The amount is actually far more than we could ever use possibly, but the real limitation is accessibility. As we extract and use up the easier to get oil, it costs more to get the harder to get. At some point we won’t be able to get to oil that’s there, and what we can get will cost so much that usage will be limited.
In some cases we’ve still extracted from places that had a low or negative ROI, such as tar sands, because at the time investment was persuaded that it would pay off. Then there’s the changes that make hard to get places suddenly an opportunity, as the arctic areas might soon be.
We should be changing not because of supply, but because of what the use of oil does. But we haven’t changed in the right direction after decades of saying that.
For anyone who don’t know, the US is the largest oil producer in the world, more than double any other country. So that’s the reason prices aren’t going up as much as they may be elsewhere, but also what that means is that when we attack Iran us oil company stocks skyrocket. People pay more, billionaires reap, hedge funds reap, the military industrial complex reaps. War as a service.
Didn’t know WaaS was a thing. This timeline is just asS.
Let’s not forget all the Venezuelan oil that the execs said was to expensive to drill, higher price might just make it lucrative.
We have tons of untapped oil fields easier to drill in the US that oil companies are sitting on, and we already get something like 1/3 of Venezuelan oil as is
But we still need the oil from the middle east, we mix our heavier oil with theirs in the refining process. We’re draining our reserves to keep the price low domestically, that and the statements that the strait will be reopened imminently is keeping the price relatively low… For now. Our economy is all speculation after all.
We have tons of untapped oil fields
But that is likely irrelevant for the timescale of this conflict, right? Surely the lead time for bringing new oil fields online is measured in years.
Nah, like a couple weeks. They ship in a team along with the equipment and then they go to town
Something like deep water rigs can take years to build, but actually tapping a well is pretty quick. But then you can’t just seal it back up - or at least humanity has never bothered to learn how to do so. So companies will sit on them for years to keep production steady, if the cost of oil falls they might move it to a sacrificial shell company and leave it leaking for tax payers to eventually clean up
Oil prices are pretty global. If you look at the prices for European oil (Brent crude) and US oil (West Texas Intermediate), then they are $14 apart. Which is not nothing, but WTI is still up by 63% from pre-war. That is still going to hurt the US economy, a lot.
Also, in the US the oil price windfall is privatized, while the oil price pain is socialized. So the US will still feel almost the full pain.
There is some fuckery in US price. Asia is $60/bbl higher. Rumors of US export controls seemed contradicted by WH on Friday, and somehow prices went down in US by $1. Possibility of US treasury heavily shorting US futures (in secret or with secret financial allies) to manipulate price. With no export controls, US price should be $4 lower than Brent, and $8-$10 lower than Asia.
Asia is $60/bbl higher.
Asia get their oil through the Hormuz straight. Of course their oil price is higher.
There probably isn’t oil tankers enough in the world to equalize the supply between the US and Asia. Hence you should not expect the price to be perfectly equalized between the US and Asia.
when I said that $10 is a normal limit for Asia premium, it is based on the shipping cost ($10) to get WTI to Asia. Brent crude premium is also high. That there may not be enough shipping capacity to pick up from US, while theoretically possible, the spread is so incredibly profitable that it shouldn’t be $50 higher than normal profit, without every ship in the world lined up to make that profit.
You surely need a lot of oil tankers to sail oil across the Pacific Ocean - because each voyage takes so long. And there needs to be export oil terminals in the US towards Asia, which I assume there isn’t currently, because Asia was supplied by the Middle East.
So a priory doesn’t seem too surprising to me, that there is a price spread.
Our infrastructure isn’t completely built around cars. We have proper public transportation, walking and cycling infrastructure. The best in the world actually. I don’t need gas or oil to cycle. And my electricity is made by windmills and solar panels.
I don’t need gas or oil to cycle.
Well, technically, it really helps to have a teensy bit to lubricate your bicycle’s bearings. But that’s all.
I use wax lube now (and really recommend it) except in winter, so even less so!Oh you said bearings, yes, definitely. Pre coffee mistake
