๐ฟ๐ถ๐๐ถ "not yet begun to fight"Seen in Seattle today. We're going to see $10/gallon before this is over. I guarantee it.
Also, a quick reminder before the replyguys come in. Yes, these are indirectly caused by the blockage of the Strait of Hormuz. No, that is not because of a lack of crude oil. While that used to be true decades ago in the 80s, since then, the US has become the largest *exporter* of crude oil in the world. For us, this is a pricing issue, not a supply issue. Buying more crude from other countries would not solve this. We have plenty of supply, and even a ton in reserve. It's just costing us more to buy it because the price of gas is almost directly tied to the global oil market.
For other countries (China and Russia for instance), this isn't a pricing issue. It's a supply issue. Running out of oil for them means food can't get delivered to cities. It means factories can't run. It means electrical grids go dark. For other global super powers, running out of oil is a massive infrastructure clusterfuck.
If you like the fact that America isn't currently facing that existential threat, thank Obama and Biden. They did that for you.
Carson Hill"Thanks Obama"
Actually yeah. Say what you will, we used to have actual, functional, and dare I say it admirable humans elected as president in this country. People who left the country better off for them having led it.
Thanks, Obama. You were the best president I've seen in my 30-odd years of being an American. You did pretty damn good.
Whether or not we still *have* a country, let alone democracy, once Trump is wound out of office like a damn tapeworm remains to be seen.
-rb@Lana Iโm not an oil expert but apparently the crude oil from the US is light/sweet oil, but our oil refineries are built for heavy/sour oil, which isnโt compatible. So we export the oil we extract from the ground, and we import the oil we actually use.
Obviously we could build / modify refineries but corporations donโt have any motivation to do such an expensive upgrade.
hal
Virginicus@Lana Some enterprising politician should point out that our prices are going up because the so-called American producers would rather sell to Europeans and Chinese than us.
Cat West@Virginicus @Lana there is no patriotism or loyalty in the resource extraction industry. They take OUR national resources, pay almost nothing for them, destroy the environment (never rehab any of it) and sell it back to us at a rate derived essentially from the Spot Market, which is higher than OPEC or any other global org.
National resources should belong to the citizens first, not the corporations. But alas, I whine, therefor I am.
DressToKILT@Catawu @Virginicus @Lana America's imperative is to extract wealth by any means necessary and concentrate it.