Gas prices on the climb.

[Chuckie]

Sounds like an interesting work of fiction, but the ChiComs don't actually produce the high-tech "chips." Those come from Taiwan, Korea, and the US. That's why the prohibition against selling US-sourced or designed semiconductors to Huawei hurt them so badly.

Yep, 'tis a pretty good fictional story, but it IS set in the future so no telling whether Taiwan (the largest producer of semi-conductors) is will still be autonomous from China.

 

[conditionzero]

I just paid 3.25 at Costco... never in my life... wtf. FJB.

 

[bushmaster06]

It's too bad that we don't have our own oil and gas reserves.

 

[okietool]

We’ll getting next year.

 

[dennishoddy]

and have made sgreements to settle the sale in currency other than the dollar. in some cases

China wants the Yuan to be the new international business currency vs the dollar.

 

[dennishoddy]

Think I heard on the news that some refinery is down for some reason.

All refineries are down at different times for maintenance. Even if they trip offline for an emergency, there is enough reserve in storage tanks to make up deliveries unless the damage is catastrophic, then that changes the game.

 

[SoonerP226]

China wants the Yuan to be the new international business currency vs the dollar.

They do, but nobody else does. The CCP screws with that currency so much that nobody has any idea what it's really worth beyond "not much."

 

[SoonerP226]

and have made sgreements to settle the sale in currency other than the dollar. in some cases

Peter Zeihan covered that a few months back. IIRC, he said they're basically trying to curry favor with nations that will take their side militarily against Iran now that the US Navy has left the Persian Gulf.

 

[HillsideDesolate]

I don't personally get into the 'environment protection' or 'pollution' side of the arguments. Modern society/industrialization is going to pollute - fact of life!
You can talk-up about paying higher prices at-the-pump as long as it's AMERICAN crude being used, but the fact is most Americans are NOT willing to pay those higher prices.
Look at Walmart. A few years back they had a big push for "Buy American" (American made products) but the actual result was that most shoppers would NOT pay the higher prices that American-made products demanded. That is why Walmart is still all about cheap foreign made junk (that Americans buy to the tune of $Billions every year).

The industrial revolution and its consequences have been a disaster for the human race.

 

[AKguy1985]

Thanks JOE you Hoe.

Let's go Brandon!