Biden’s Gas Crisis

[CountValentine]

I'm not following your logic,

Then you are not understanding tariffs.

[aygart]

Was written for me. 

3 - We can't blame this forever.

So until when?

[CountValentine]

So until when?

If there is a labor shortage then it has nothing to do with the pandemic at this point.
The red herring about paying people not to work is blown out of the water also.

[aygart]

If there is a labor shortage then it has nothing to do with the pandemic at this point.
The red herring about paying people not to work is blown out of the water also.

Okaaaay. So? You also skipped to the last few words of that sentence.

[ExGingi]

https://doomberg.substack.com/p/a-serious-proposal-on-us-energy?s=w

[aygart]

https://doomberg.substack.com/p/a-serious-proposal-on-us-energy?s=w

This Doomberg energy plan is grounded in physics, is utterly achievable, and would position the US as the global energy superpower for decades. In fact, it makes so much sense, we expect our political leaders to do none of it.

Lol

[ExGingi]

This Doomberg energy plan is grounded in physics, is utterly achievable, and would position the US as the global energy superpower for decades. In fact, it makes so much sense, we expect our political leaders to do none of it.

Lol

FTFY (העיקר חסר מן הספר - the emphasis)

[aygart]

Reuters.com: CERAWEEK ConocoPhillips CEO says poor energy policies have contributed to lack of supply.
https://www.reuters.com/business/energy/conocophillips-ceo-says-poor-energy-policies-have-contributed-lack-supply-2022-03-08/

[avromie7]

Then you are not understanding tariffs.

I think this is different than the standard tariff. There is plenty of oil on the market to set the price, Russia's only option will be to sell at the market price minus the tariff. Please explain what I'm missing here.

[CountValentine]

Please explain what I'm missing here.

They sell to China or other countries at market price with no tariff.

[aygart]

They sell to China or other countries at market price with no tariff.

Which they are doing now with sanctions anyhow.

[PlatinumGuy]

The sanctions have gone way beyond any rational strategic benefit and are purely an attempt to appease an angry public

[CountValentine]

The sanctions have gone way beyond any rational strategic benefit and are purely an attempt to appease an angry public

IMHO they are looking to destroy the Russian economy.

[CountValentine]

Which they are doing now with sanctions anyhow.

Global market. The 10% we buy from they will be sold to someone else and we will buy from someone else. There is no change to the market. If the world would agree to enact the tariff then it would work but never going to happen.

[PlatinumGuy]

IMHO they are looking to destroy the Russian economy.

That was accomplished a while ago, it just takes time to become obvious.

I suspect this entire economic divorce is part of Putin's motive - he might thinks he'll have an easier time consolidating power in a more isolated NK style country.

[CountValentine]

That was accomplished a while ago, it just takes time to become obvious.

...but sanctions need to remain in place.

[CountValentine]

I am watching the news and they say gas might hit $5/gal. I would use a stronger word than might.

[PlatinumGuy]

Global market. The 10% we buy from they will be sold to someone else and we will buy from someone else. There is no change to the market. If the world would agree to enact the tariff then it would work but never going to happen.

China signed on the Iran sanctions under Obama. I actually think the Chinese would be happy to sanction Russia if America would treat them with respect and didn't think we're just looking for an excuse to destroy them so their economy doesn't overtake us. China is much more concerned with a rule based international order and access to Europe through the FSU than the US is with 30%+ of GDP from war equipment

...but sanctions need to remain in place.

There is a difference between hitting a child to teach them a lesson, or beating someone up so he doesn't start a fight again, and completely crushing somebody to the floor. It seems universally accepted there is no chance Russia will back down now, and the only hope is that Putin will be removed, but no sanctions or war have ever accomplished that.

I am watching the news and they say gas might hit $5/gal. I would use a stronger word than might.

They'll just drop the 20% federal excise tax, and then subsidize it if needed. We just print as much as we want anyways

[aygart]

Global market. The 10% we buy from they will be sold to someone else and we will buy from someone else. There is no change to the market. If the world would agree to enact the tariff then it would work but never going to happen.

Same goes for tariffs so they would not create passed through costs according to this reasoning.

[CountValentine]

Same goes for tariffs so they would not create passed through costs according to this reasoning.

If we buy oil from Russia tariffs will raise the price. If we don't buy oil from Russia they just sell to someone else. Tariffs will only hurt the US not Russia.

Are you thinking if oil is 100/bl and we put a 75/bl tariff they will sell to us at 25/bl? If so you are living in fantasy world.