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- Hacker News
- Melvin from Office Space: I was told that gas prices would fall below $2/gallon.by jimt1234
- Note that this in no way means the end of oil in the ground or being extracted. "Peak" never meant The Erlich-Simons "we've run out"by ggm
- Oil tankers move about as fast a bicycle. If fuel prices start really spiking tomorrow and the conflict is resolved the very next day, the crisis will still last as long as it takes for bicycles to fan out across the globe. i.e. Probably a month or two. At least.
If a resolution to the conflict is not reached in very short order (i.e. days, not weeks), the crisis will be in full swing right when the midterms are going on. Of course, foresight and the ability to understand consequences do not seem to be strong points of this administration.
by beloch - by alhaja
- Diesel fuel at US$8.49 a gallon today. (Redwood City, California.)by Animats
- How much land, time, and money, per citizen, would it take to put down enough solar cells to generate each person's basic electrical supply? Is it less than $5K?by hyperhello
- If there isn’t an apt response in the midterms, we’re far beyond the point of return.by ameen
- I’m guessing their solution is for us to be even more dependent upon oil?
The issue here is that we based our entire economy around a substance that is incredibly price-volatile, run by a cartel, and is plentiful mostly in places that are unstable or hostile to us. I think it’s crazy that we’ve completely normalized the idea that fuel needs to have prices listed outside a gas station because it changes so frequently. Imagine if supermarkets had to list the price of a loaf of bread outside because it kept changing so often.
And it’s really our own fault (or at least the fault of politicians bought by oil companies) because the dangers of oil dependence were obvious at least back in the 70s.
by dabinat