Good lord that isn't how commodity prices work. There's no cabal with complete control over global oil and gas prices. There are groups with varied interests depending on the amount and quality of oil they possess, but even that gets complicated. It boils down to what is on the market and how it's bought and sold on contracts by global energy traders. Yes, OPEC and Saudi Arabia have some power over prices by increasing and decreasing supply on the market, but that's been reduced with how much supply has come online over the years in the US and Canada. Russian supply cuts to Europe had a pretty obvious ripple effect, but after a year or so, supplies and relative demand have shifted. This reductionist take is so tiring and is such an obvious sign of lack of understanding how commodities markets, and quite likely economies themselves, actually work in the real world. It sounds almost as crazy as the right wing conspiracies about global cabals.
The US was in a good position to take on a lot of these contracts and the Biden administration, despite what the right might think, is actually extracting more domestic O&G than at any point. The shift is also that when oil prices climb high enough it makes shale production profitable enough to actually extract. I don't see how it falls back to pre-war levels but the US can also more than make up for the demand with a high enough price per barrel. I think much under $50 a barrel of NYMEX, most of the US producers stop operating.
No it's not a good comparison. The bulk food prices themselves are indeed sold on a similar commodity market, but the pricing of packaged goods is marked by companies selling those packaged goods. Oil and gas are sold at the rates bought and sold through futures contracts directly from the producers. You're paying the rate the traders got it for, usually with a regulated mark up. If you're buying from a private utility then you're on your own buddy.
I think Trump sped it up, but the same people hiding in their snake holes were working on getting here for years. When Trump goes, they all need to go with him, or they'll just anoint someone else.
When Congress voted in May to restart student loan payments this fall — and then the Supreme Court overturned President Biden’s student loan forgiveness plan in…
You all got to stop paying? Sallie Mae dumped a shit ton of late payment fees on me for 6mo I wasn't working over the pandemic and two years later I'm just about back to where I was back then in payments. Shit sucks. Good for you all though if anyone else can at least get out from under this. I'll be paying until I'm 50.
Some of us that was our only option. I'm sorry I wanted to go to college. I was also 17 and nobody in my family had ever done anything like college before. I was denied federal loans and didn't know any better. I'm not the OP though and I'm happy for those who can get their loans forgiven. It is what it is for me though. I've been steadily paying the past 15 years.
It's worse unfortunately. Even if we stopped using plastic materials today the effects from this will carry on for many generations. Fortunately, I'm confident we will also find ways to mitigate the issue over time as well, but it's a far greater challenge than lead. Perhaps as a positive the symptoms might not be akin to the violent behavior lead caused around the world. We shall see.
Some politicians are so fearful of former President Donald Trump retaking the White House that “they don’t really want to tell the full truth,” West said. “[Biden has] created the best economy that we can get. Is this the best that we can get? You don’t tell that lie to the people just for Biden to win,” West said in...
I joined reddit on the tailwind, so it was all echo chamber, we hate newcomers, gatekeeping, automod frenzy, too many rulebreakers, too many rules, etc I could be wrong, but thats what I imagine it used to be like.
I'd say less so. There wasn't much by way of disinformation campaigns and bots back when Reddit first started so the posts and comments felt more genuine and organic. Even with Kbin/Lemmy being much smaller, there's still a ton of weird shit that gets posted here or comments that feel really suspicious. It would be nice for that kind of environment to make its way back, but it seems those days are over.
Yeah it's more or less the same as current Reddit, just a smaller community. Bots and bad actors unfortunately exist in a way they simply didn't 10-15 years ago.
Aren't Gen Z boys largely voting R? I don't think it works quite like you are suggesting. That presumes the party will just die out, but that's been predicted since like the 1980s and that just hasn't happened.
There isn't a single front really, and the importance of Robotyne is its proximity to Tokmak, which is really in its supply line value. Major rail networks pass through it. By taking Robotyne they have proximity to start shelling Tokmak which is heavily fortified on all sides. I don't know where Russia would be pushing back to retake it, but guessing instead they are falling behind the second line of defenses and doubling down in holding Tokmak. If that one falls to Ukraine, then we're talking about cutting off supplies from Melitopol down through Crimea. They'd be in position to essentially squeeze Russia out over time.
Vice President Kamala Harris’ allies are particularly annoyed by the California governor’s move into the spotlight ahead of a possible 2028 Democratic nomination fight.
Kamala Harris sucks. Does anyone really consider Harris a POTUS contender besides maybe herself? She's stiff and boring as a figurehead, and infuriating when I remember how she built most of her career. I sincerely hope she just goes away by 2028.
Yeah I get a lot of those as well. Anxiety, ADHD, and autism stuff mostly. I keep shooting down the ads as I suffer from none of these things. No idea why it keeps pushing that crap.
It's not a honeypot. It's a genuine company. I am not sure if what they do is actually helping anyone but to my knowledge the treatments are pretty expensive.
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The big turnaround: how Europe's gas prices fell from €300 to €35 MWh in the span of a year (www.euronews.com)
cross-posted from: lemmy.zip/post/2073007...
Conservatives are on a mission to dismantle the US government and replace it with Trump's vision (apnews.com)
How Restarting Student Loan Payments Could Change Millions of Lives — And The Economy (fivethirtyeight.com)
When Congress voted in May to restart student loan payments this fall — and then the Supreme Court overturned President Biden’s student loan forgiveness plan in…
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Sanders hits at Cornel West over criticism of Biden (www.politico.com)
Some politicians are so fearful of former President Donald Trump retaking the White House that “they don’t really want to tell the full truth,” West said. “[Biden has] created the best economy that we can get. Is this the best that we can get? You don’t tell that lie to the people just for Biden to win,” West said in...
Lemmy probably feels like Reddit when it first started, all warm cuddly and friendly to newcomers eager to discuss and collaborate around central topics.
I joined reddit on the tailwind, so it was all echo chamber, we hate newcomers, gatekeeping, automod frenzy, too many rulebreakers, too many rules, etc I could be wrong, but thats what I imagine it used to be like.
China's economy in crisis, on the brink of collapse? (www.lemonde.fr)
Biden is 'old,' Trump is 'corrupt': AP-NORC poll has ominous signs for both in possible 2024 rematch (apnews.com)
Zoom CEO says workers can't build trust or unite... on Zoom (www.theregister.com)
Ukraine says it liberates strategic southeastern settlement (www.reuters.com)
Biden advisers bristle at Gavin Newsom's plan to debate DeSantis (www.nbcnews.com)
Vice President Kamala Harris’ allies are particularly annoyed by the California governor’s move into the spotlight ahead of a possible 2028 Democratic nomination fight.
BRICS Leaders Call for Democratic Global Order (consortiumnews.com)
Most of My Instagram Ads Are for Drugs, Stolen Credit Cards, Hacked Accounts, Counterfeit Money, and Weapons (www.404media.co)