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Reply to "$7/gallon gas is coming"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Gas should get more expensive. Good. Let the people buying these ridiculous oversized SUVs and trucks that are a danger to every other road user internalize some of the consequences of their own decisions for a while.[/quote] Again, you are not just owning the rednecks here. Price of oil gets incorporated into anything that gets shipped (which is just about everything). Wait until you try to buy airplane tickets for that European vacation this summer. Higher oil prices will hurt everybody. An oil tanker left Russian port yesterday destined for the eastern seaboard of the USA. That’s about $60 million worth of oil Americans will pay Russia for. Last year Russia was the second largest importer of oil to the USA. We’re huffing and puffing about sanctions and Nordstream 2 but there isn’t a single politician right now even whispering about actually hitting Russia where it hurts economically because it would cause a ton of pain here in the USA. [/quote] ...unless higher oil prices force us to change our energy consumption system in a way that benefits us all in the long run...[/quote] You’re talking about a decades long transition that we aren’t close to being ready to complete or even seriously start. As the price of oil goes up EVERYTHING else will increase in price, including the cost of the energy transition you’re talking about. Where do you think the diesel energy you need to extract and transport minerals for the energy transition come from? Yes, we’ll have to do in the long term. But screw this up in the short run and you’ll see a wave of populism across the whole planet that will make you wish for the good old days of Trump. [/quote]
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