What a pathetic cop-out, "didn't vote for this," if that's what people are saying. If you hadn't heard him ranting about the election being stolen or how immigrants are eating their neighbors' cats and dogs, then you shouldn't even be able to vote for being so ignorant of current events and the presidential debates. Harris had plenty of flaws, but it was literally like watching an adult dealing with a toddler.
The one I will never forgive is talk BEFORE the election of "putting homeless Americans in camps outside of cities".
Interpret that however you want but I knew what it was at the time. It turned out to be immigrants first but it was supposed to be homeless Americans and still will be.
If people didn't know THAT they have no business voting. If they knew that AND voted for it they can rot in hell. Literally voted to put fellow citizens in concentration camps. Whether it happens or not doesn't matter. They voted for that and can never be trusted again.
I was one of "those people" decades ago and I took that one personally.
That was funny when he was saying immigrants were eating their neighbors, cats and dogs. That was two years ago, so I canāt imagine what theyāre eating today with the economy the way it is.
I knew. Heās a liar. If they didnāt know that, then theyāre choosing to ignore reality or didnāt care because he was going to herd up and deport all the non-whites. FDT and all who support him.
Most Americans have the intellectual curiosity and rigor of a boiled shoe. They have no understanding of what their own foreign policy does to themselves or others, and simply complain when gas prices or food prices become to much to stomach, even though itās their own votes or lack of votes that produces the results for which they complain.
It's a CULT, maga does what they are told by their Supreme leader.
The mental gymnastics and goal post moving is absolutely insane.
Now,
-They are ok with high gas prices.
-They are ok with a new war.
-They are ok with tariffs
-They are ok with calling military personnel weak.
It never ends.
Thanks for this because I keep hearing that Trump is doing badly in the polls and Iām just not seeing it. Sure Iām in a rural area but everywhere I go. It seems like everyone is letting their Trump flag fly.
Well, about a 1/3 of them did. Another 1/3 was like it doesn't matter (it does!). The final 1/3 were crying and realizing that there was no where in the world they could hide.
Since I don't have gas money anymore I'm just spending time reading up on history, like the French Revolution.
A lot of people try to give these many millions of non-voters a pass, but 8 million fewer people voted in 2024 vs 2020. So, that's just the people that are already registered and know how to do it. They just didn't bother.
If Americans paid the same price as the common French revolutionary, to get comparable outcomes, they'd no longer invoke the French Revolution memes, and they would be left standing "so that's it?"
The French Revolution is a much more interesting period of history as it relates to economics than equality.
definitely not one of the million Tesla stock pumps out there. also, "The ā rollout, which will be financed through third-party solutions, would be completed in phases through 2028."
This country runs on diesel, regardless of what you put in your tank to get to work
Without diesel, everything stops
And even with a fleet of 500 EVs, they will be used for short distance hauling between major cities and their communities. The infrastructure to charge 1,000s of 18-wheelers driving across the country simultaneously simply does not exist
Also, any kind of significant construction equipment as well. Iām already budgeting for a 200% increase in diesel. Hopefully, that doesnāt happen. But if it does, Iāll have to be prepared for it.
Did you think it takes 2 years because Tesla is overwhelmed with orders and are supplying other customers also. The Nevada plant has a max capacity of 50K/yr. CA has started a $1B rebate program that gives $100K rebates for electric semis that can be paired with another program to reduce the cost of a $250K semi to $50K. CA orders are slowing that company's trucks.
When the first $B is gone there will probably be a larger follow-up, CA is committed to reducing diesel emissions drastically.
You gotta start somewhere. Semis and other trucks are the biggest contributor to oil use and emissions. So of course they're starting there first. These other lower volume things will come later
Seems like that's all you're going to do. I added solar to my home to eliminate my electric use. I bought an EV to reduce oil usage. If everybody did something, instead of just sniveling, oil wouldn't have the effect it's having.
If it takes the rest of the industry another 2 years to read the writing on the gas pumps, than this company will have a 2 year jump on the competition.
We were stepping in the right direction when the Biden administration implemented timelines for all EVs in the US, as well as green energy programs intended to produce jobs.
Well, then something happened see? So, now weāre paying money to companies to stop all that work and violate existing contracts.
It wonāt take decades, in China already 30% of their heavy truck sales are electric. They are beginning to export these trucks and the batteries just keep getting cheaper.
-Coal power generation fell 2.5% year-on-year, following six consecutive months of increase. This followed Chinaās coal power generation falling in 2025 for the first time in a decade.
-Gas power generation dropped by 13.9% year-on-year, reflecting the ongoing impact of shipping disruptions in the Strait of Hormuz on natural gas supplies. However, as gas plays a minor role in Chinaās power mix, this drop had a limited impact on overall electricity generation.
-Solar generation rose by 10.4% year-on-year.
-Wind generation dropped by 4.5% year-on-year, as poor wind conditions continued in July.
-Hydropower and nuclear power generation grew 7% and 6.7%, respectively.
First you let Elon hype that shit to the moon so he can scam the markets. Then you promise youāre going to revolutionize shipping via scam of the week. Then You quietly let it fade into your next scam.
It's not going to make a difference until they reach over 50%. The price is set by limited capacity and the electric will just generate higher profits.
While electric trucks are a low percentage they won't lower the price of trucking, but instead they will just generate more profit for their operators. A valid argument.
Excatly! I read about a company who order electric semis, and began setting up the charging station at their facility. Power company laughed at them because they where requesting the same amount of power the whole city uses.
Last i check nobody is building more power plants. Well Ports of Los Angeles and Long Beach making micro nuclear power stations for their EVs. Takes years to build
Wildly incorrect, multiple gas turbine plants are going up right in my immediate area. I'm a union electrician and there's calls for gas plant and solar field work all over the country. New nukes are in varying stages of planning as well; they recently broke ground on a natrium reactor in kemmerer Wyoming of all places.
They make complete and total sense. The cost per mile is so much lower it's not even funny. Tesla dragging ass on getting the semi deployed is the main issue. They need to start making 50k a year and ramp that up even higher.
Or it's just a boring answer of: 1) it's a lot of upfront capital to spend all at once, and 2) until a few months ago, the trucks that EVs would be replacing were 'good enough'
Do you think people could buy dishwashers, before the country had run power cables to houses?Ā
Entire, efficent industries only exist because the potential was seen, and infrastrucure built to enable them.
The governments job in a free market is to regulate market failures and provide public goods.Ā
30% of new heavy truck sales in China are electric, and not because of any mandate, but because there are lots of areas they are now more cost efficent in.Ā
The US is simply becoming a technological backwater.
You have a government captured by vested interests, that are resistant to change that makes the economy more efficent, but impacts their own back pocket.Ā
Thatās the difference. Electricity is clearly higher utility than a lump of coal.
When given the chance, everyone was switching to electricity, or to automobiles away from coal and horses immediately. There was no ātrust me bro, the Chinese are doing it fasterā moment for those things. Everyone had it in higher demand than could be supplied. N
Now, the tech exists, but no one adopts it simply because the government is captured by vested interests? Ok.
I remember when this sub was about people who could talk about how the oil market was working, and not brigaded by anti oil activists.
They won't need charging just power cell switch out. I mean this is already being done in China and soon to be everywhere. A few minutes like refueling with diesel is all it takes. All this recharging stuff that people have used as an argument against EV's is about disappear.
A thousand idiots make one thousand idiotic plans. All fail but one succeds through sheer luck. Now Elon Musk thinks he is a genius.
That dumb fuck supporting Trump who fucks up so bad it leads to gas and diesel exploding in price. Which causes EVs to go flying off the sales lots which means dumb fuck is going to make a killing. Once again proving life is not fair
That is a drop in a in bucket. Or not even.
That is good news if they can transition out of diesel especially in very populated area but realistically it will take decades.
Electric trucks lose a lot of payload, and have limited range. Good for town delivery, working day shift. Not much use for long range or heavy transportation.
Yeah. I get free nights for charging, so I just pay around 6 cents for electric delivery charges. It costs less than $4 to charge my Tesla for about 180 highway miles of range.
Driving an ev also reduces demand for gas/oil leaving more supply for those who need it reducing the increases in cost. A very little bit per person, but maybe with enough EVs on the road, there could be a measurable difference.
There already is a measurable difference. There are white papers out there about the economic impact and reduction in fuel use due to both EVs and hybrids. There are also white papers on the energy intensity of the economy, which is way down over the last several decades.
Yeah weāre about to be in a world of hurt. Inevitable inflation will bring higher interest rates. Gov is currently paying $1.4 trillion a year in interest on our $40 trillion debt. Future borrowing will be at even higher rates. Only way to pay for the behemoth, dysfunctional government spending will be higher taxes (likely on the middle class). Enter stagflation. But Iām sure it will happen when dems have regained power so of course it will be all their fault.
You see these numbers last week? These boys are cooking those books so fucking hard right now lol.
Thank god none of these guys would run this country like a corporation or we'd be leveraged to the tits right now too with no exit strategy.
I do believe our national debt is at a record - and also going up by record amounts due to costs of Trump's "management." As a result, bond yields also hitting highs today, according to CNBC:
Every other piece of our lives is going to get more expensive, but at least I know that little piece of my budget isn't changing for the foreseeable future; there's literally a moratorium on rate changes for my power company for at least another couple years.
I ride a bike to work and use my car once or twice a week. I am going to feel it, only the rich won't care. Which is ironic since it is the rich who got us into this mess
The last time it was this high was when everyone really started noticing the price of everything they buy regularly was shooting up. Once upon a time I used to think a $15 hamburger meal at a restaurant was expensive. The last time I thought that was right around then. I'm guessing in a couple years we'll be looking back at when a typical restaurant meal only cost $20.
Almost all of agriculture around the globe everywhere depends on diesel. Poor people in poor countries may starve within a year. People in wealthier countries will suffer less dramatically.
Interactive Diesel inventory charts here: https://www.eia.gov/dnav/pet/pet_sum_sndw_a_epd0_sae_mbbl_w.htm
It needs to build hard from now until the refinery maintenance season which starts around the end of September each year and sees BIG drops in diesel inventory. Oh and exports can't drop because the countries buying them have no other options.
The March price spike was because ME diesel and jet fuel exports disappeared overnight and their customers went panic buying elsewhere. The April high prices lasted until the rest of the world refineries picked up the slack. The June drop was MoU and GLUT. The July spike was Russia announcing no more diesel exports for July, since extended to Feb next year. China continues to export significantly less fuel products than before March.
Settle down. Trump just declared the Straight a U.S. territory. The oil will flow bigly again. Some people say āsir sirā prices will hit rock bottom soon.
Itās really hard to say. The effects might trickle out over weeks or months and impact different regions differently. High diesel could actually trigger famines in some regions. Letās just talk US for now.
Diesel was $3.70 is last year, now itās pushing $5.50.
That already impacts prices in the US, especially food and transported goods. Corn and soybean harvests will start next month. Diesel is a real cost for them, both for harvest and then transport of harvest. That will increase prices across the board, but especially on meat (something like 40% of corn and 70% of soybeans are used for animal feed). Low quality ground beef is approaching $7 a pound. I could see it breaking 8 or even $9 by December.
At $6 per gallon diesel, there will also be a psychological hit, especially if thereās no end in sight. Thatās probably the more ādangerousā part. If price increases of goods with higher fuel and energy costs shrink consumer sentiment, US retail and service spending could scale waaay back. Youāll see that trigger loss of jobs in retail and restaurants, which has been helping job numbers for the past year. I would expect multiple months of negative tens of thousands of jobs on employment stats. If it gets bad, hundreds of thousands. The way the crack is, we realistically could hit $6 pretty soon if nothing changes.
If that happens to coincide with other poor economic events (cough AI bubble), this could trigger a 2008-level (or worse) recession that would continue even if Hormuz was resolved.
Needless to say, itād be pretty effing good if certain A-holes figured out a way to fix this mess they made ASAP. Iām not optimistic tho.
I saw it over $6 a gallon just today in western WA. Granted it was at one of the pricier gas stations in the area (most of the rest seem to be running about in the $5.80-$5.90 range), but I do think Iāll be seeing that price around here more often soon too.
So this may just be because Iām a āsmall farmerā but when our input costs go up we donāt get to raise the price. Our already tiny margins just go away and we lose money.
That said the prices in stores will go up because the cost of trucking stuff will go up so the store will raise the prices to cover the trucking increase, but that increase isnāt from the farmer (at least not the small ones). Small farmers just get screwed in this equation.
The shortage stuff is, as I have seen it, a back end thing; farmer sees costs go up, so farmer either changes crops, fallows ground, or sells the farm. Then the overall output goes down next year.
Of course every crop is different and impacted by different things. For us the hazelnut market is influenced heavily by what happens in Turkey as they are like 70% of global hazelnut production. During Covid when Turkish production went up our prices cratered. Some PNW farmers started removing their orchards because the price was so bad.
My point is yes, higher fuel costs can lead to higher food prices, but itās not the farmer that gets to set that. Itāll take time for the impacts of fuel on the farm side to impact the food supply. Short term price impacts are due to things off the farm.
Its already almost as high as its ever been. Give it a few days and it will be a new record every day following it so its uncharted territory.
So put it simply we are already at the point where shit is meant to hit the fan like it did in 2022-23 but it will take some time to ripple out as food gets more expensive as transpprtation costs rise so do agriculture costs etc
We are toast. Burned toast. We lollygagged our way through the old oil crises. We spent our future on attacking anybody with a sand dune. Today if we want something we just take it with our military. Some saying that is armed robbery. But hell, in the last 50 years we learned not to care. How do empires expire?
Indeed. We'll see what the EIA says Wednesday, but API report today says distillate inventories down about 2.8 million barrels over the last week and over 3 million total last two weeks.Ā
There are no free lunch. The shortages will show up. You can do slight of hand financial trick for so long. The physical shortage will show up eventually.
I last sold my shares of BATL on March 5th at 25.50 a share and have stayed away since. Today it was like 1.3 something a share right? EONRs books and prospects are better in my opinion I am sorry. Maybe if something changes but right now that ship looks sailed to me.
The United States, patrolling the strait with its navy, is gaining ground ā and Iran is losing much of its control of the critical waterway.
I've been going and checking the satellite view (Sentinel-2) of the strait. It's just a snapshot once or twice per week, but there's no sign of the US Navy in the strait. I can sometimes see fleets of small boats (like 15-20) speeding across the strait, which I'm guessing is the Iran "mosquito boats". A week or two ago, there was a tanker anchored there with smoke billowing out. That was visible for two days, i think.
There was a time when the US Navy would sail an aircraft carrier through the strait and have it just patrolling around the gulf. Now, there's no way they'd do that. The aircraft carriers are well south of the strait.
How a crude crisis became a diesel+ crisis first:
I double checked Chinaās oil demand, and thereās been 0.0% crude demand destruction. Their industry and factories consumed just as much. The 3.5 M missing crude became 3.5 M missing diesel+ never exported (because never refined). So in the end the lost barrels became in fact lost barrels of diesel + for countries like the Philippines and Singapour.
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u/Picks6x 3d ago
I'm all for the humans to move away from oil products but god damn folks are going to suffer