October 22, 20213 yr Yeah I think it has a lot more to do with the government incentivizing clean energy. But I could be wrong.
October 22, 20213 yr 9 minutes ago, JohnSnowsHair said: I think there might be some familiarity bias at work here. You work in investment, and that may be exaggerating the effect of the ESG policy on gas prices in your mental calculus. Yeah...that must be it. It can't be that limiting access to capital for fossil fuel producers is limiting supply as demand increases. Everyone in finance has been predicting this for 3 years now.
October 22, 20213 yr 1 minute ago, vikas83 said: Yeah...that must be it. It can't be that limiting access to capital for fossil fuel producers is limiting supply as demand increases. Everyone in finance has been predicting this for 3 years now. Aren’t energy companies trying to diversify more anyway? They see the writing on the wall.
October 22, 20213 yr 1 minute ago, Dave Moss said: Aren’t energy companies trying to diversify more anyway? They see the writing on the wall. Some of the larger guys are. But that's not who swings energy markets. Take oil -- the biggest swing factor there is shale producers in the US. With oil this high they should be expanding production rapidly. But they can't access any capital to do so. They play this boom/bust game over and over as the marginal supplier, but now they can't easily access capital markets despite rampant liquidity looking for yield. It's the same with coal guys, particularly the guys out west. They are the swing producers, but they can't ramp back up due to capital constraints. Shale guys and Western Coal producers aren't investing in solar and wind.
October 22, 20213 yr 1 hour ago, vikas83 said: Yeah...that must be it. It can't be that limiting access to capital for fossil fuel producers is limiting supply as demand increases. Everyone in finance has been predicting this for 3 years now. I'm not saying it's a non-factor in supply issues. But even if investment capital was made freely available to shale producers that doesn't impact our refinery capacity. There's an impact, but it's marginal when people are comparing the price of gas when the pandemic was peaking to now. And the long-term plan here seems clear: artificially manipulate market forces to seek greener energy. I'm not convinced that for the nation overall that's the wrong path, even if it's quite sub-optimal from a purely capitalist viewpoint.
October 23, 20213 yr 9 hours ago, Dave Moss said: I get a kick out of people driving $60,000 pick up trucks griping about paying over three dollars a gallon in gas. How about trying to be less poor? My dad is one of those.even though he has been given a company truck with a gas card for the last 30 yrs or so. His super duty F-250 that he bought 15 yrs ago has 4,000 miles on it... Yet he complains about gas prices non-stop.
October 26, 20213 yr These shortages are just as much about overconsumption as anything. Americans simply can't be happy unless they're buying all of the things all of the time. If modesty and sustainability are already a way of life for you, you'd hardly notice a thing.
October 26, 20213 yr The media sensationalism about inflation is nauseating. Of course there's inflation over last year - gas prices bottomed out due to low demand during the pandemic. The entire supply chain has been readjusting continuously as people went from being in the office and eating at restaurants to being at home and requiring more from grocery stores and online retailers. Now it's reverting back closer to the norm, while suppliers are having to ramp back up while dealing with local Covid outbreaks impacting labor. Demand is way up while supply is lagging. That means costs of goods is going to go up. I'm sure the monetary policy is contributing, but I don't think as much as the simple supply/demand. Which is not something a president can readily fix, regardless. Though the president will always get blame/credit.
October 26, 20213 yr I realize the rate of inflation is relatively high, but inflation in general is a way of life. Every year, stuff gets more expensive, so I find it amusing when people are like "Zoiks! Prices went up from last year! Whaaaaa??? Damn Biden! We're all gonna die!!!"
October 26, 20213 yr 3 minutes ago, EaglesRocker97 said: I realize the rate of inflation is relatively high, but inflation in general is a way of life. Every year, stuff gets more expensive, so I find it amusing when people are like "Zoiks! Prices went up from last year! Whaaaaa??? Damn Biden! We're all gonna die!!!" Acting as if what we're seeing here is normal year over year rising prices is just incredibly stupid. But hey, it's a cult so this is what you have to do and I respect that.
October 26, 20213 yr 3 minutes ago, Kz! said: Acting as if what we're seeing here is normal If you read the first part of the first sentence, I didn't say that.
October 26, 20213 yr 3 minutes ago, EaglesRocker97 said: If you read the first part of the first sentence, I didn't say that. Lol. Good luck with that.
October 26, 20213 yr Just now, EaglesRocker97 said: If you read the first part of the first sentence, I didn't say that. Yes, and then the rest of your post completely contradicts that acknowledgement. 9 minutes ago, EaglesRocker97 said: Every year, stuff gets more expensive, so I find it amusing when people are like "Zoiks! Prices went up from last year! Whaaaaa??? Damn Biden! We're all gonna die!!!" You understand that people aren't concerned about tiny nickel and dime price raises. They're concerned about an unprecedented spike in costs of virtually all goods across the board, right? And they're concerned because barring some weather-induced panic buy, they're seeing empty shelves at supermarkets more than ever. They're not just complaining about the price of chicken going from $8.50 per pound to $8.75.
October 26, 20213 yr 5 minutes ago, Kz! said: Yes, and then the rest of your post completely contradicts that acknowledgement. You understand that people aren't concerned about tiny nickel and dime price raises. They're concerned about an unprecedented spike in costs of virtually all goods across the board, right? And they're concerned because barring some weather-induced panic buy, they're seeing empty shelves at supermarkets more than ever. They're not just complaining about the price of chicken going from $8.50 per pound to $8.75. People are always complaining about inflation, though. They're just louder this time around. The spike is likely temporary, and in the meantime, a good corrective action to take is something that would horrify most people: consume less.
October 26, 20213 yr Ultimately, I think people are getting played here in the sense that, in addition to natural inflationary pressures, consumers are getting absolutely gouged by suppliers who are taking advantage of a shift in the manner of consumption.
October 26, 20213 yr 9 minutes ago, EaglesRocker97 said: Ultimately, I think people are getting played here in the sense that, in addition to natural inflationary pressures, consumers are getting absolutely gouged by suppliers who are taking advantage of a shift in the manner of consumption. How so? What's the "shift in the manner of consumption?"
October 26, 20213 yr 1 hour ago, EaglesRocker97 said: These shortages are just as much about overconsumption as anything. Americans simply can't be happy unless they're buying all of the things all of the time. If modesty and sustainability are already a way of life for you, you'd hardly notice a thing. Being poor isn't a way of life most people aspire towards.
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