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@BrianNash879826 @N76247476Man Oil is an infamously inelastic product. Its the long way down because the corner pumps have to price war their way down and that’s if the broader market remains sanguine.

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@Yellow_Dog1959 @N76247476Man Why would anyone lower prices when people are buying at $3.50

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@Daveisbackback @BarryK38174 @NetworkdudeQ @N76247476Man You buy lemons for your lemonade stand for 0.5 per lemon. Lemon grove burns down and price of lemons jumps to $1.00 ea. You’re not stupid so you sell at or around replacement cost. Its more complex in commodities because all the current product was financed months ago in contract

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@Left4Billy @Become_Worse @derangedpirate @Coinvo hahahaha… Price caps have never, ever worked. From Diocletian to Nixon they have never had the intended effect unless the intention was to create a black market.

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@ChaseSplash @BurrowBeliever regarding 2: Wouldn’t the absence of businesses being bankrupted by $25/hr logically cause the price for their respective goods/service to rise is demand stays the same, thus resulting in higher prices if not through attempt to maintain solvency then through supply destruction?

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@ChaseSplash @BurrowBeliever With regard to 1: in what way is ‘any business that can’t support a living wage being destroyed’ and ‘the government should subsidize the aforementioned small businesses’ coherent policy?

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@Qyuuu @182_DuncH @SpicyDumpling02 It shows that North America and Europe both roughly contribute the same aggregate co2

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@ytts5748359 @Al_Figueroa_ @Heccles94 As long as you discount all the literal construction and technological progress, then yes; capitalism only destroys.

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@RepJeffries Yes you will

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@EricLDaugh The anti “price gouging” schtick is so stupid. Oil is not gas and gas is not oil. The oil and gas market just successfully absorbed a gigantic supply shock. Had it not gas would’ve been above $10/gallon. It financed the hit. You’re welcome

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@emilymiller But we all just want to bitch about it

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@NixonPunished @esaagar A lot of uncomfortable truths: the US was not given the opportunity to embrace casualties. Trump was very, very risk-adverse. However, if put to them, Americans would be more uncomfortable with prolonged gas prices than American casualties.

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@temppreacher @DanielLDavis1 No one has really benefited unless there’s an agreement that addresses the nuclear refinement capacity from the US perspective or the sanctions relief from the Iranian capacity. The interim memo would just alleviate the petro market snag.

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@JoePostingg @sensiblemoderat The only agreement thusfar is tit-for-tat blockades being lifted and Iranian Oil Santions waiver while negotiations continue

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Ignore anyone calling the #Iran_deal victory or defeat. The initial terms likely to be implemented seem to be fairly benign: US lifts the blockade, Iran stops harassing Hormuz shipping, and Iran gets a sanctions waiver while negotiations continue.

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@BrettErickson28 The oil sanctions are almost certainly the case- you can see why trump would want to drive the global cost per barrel down as much as possible- the sanction relief from the US directly seems unlikely. Iran gets plenty here without them and the Europeans seem ready to lift theirs

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@FurkanGozukara @paitriotunleas1 @JohnnyPistola @SouthernGal918 is anyone really surprised that the self-declared enemies of American got bombed?

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@ricke73426 @TechGuyTony @FurkanGozukara The stores themselves will be around for decades. 6 months is how long the “low prices” will last before they push the actually profitable stores out of the market, then the unions will lobby for higher wages and the whole project becomes another public-sector union scam.

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@uppercut911 @ProfessorPape @POTUS @WhiteHouse @JDVance I think this might be AI. If you look closely their ‘supreme leader’ has all his limbs.

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@DissentFu “And I am still waiting for the government to give me other people’s stuff.”