OWH Memorial Undead Topic

Life isn't fair

 

This is wild.

https://www.bloomberg.com/news/arti...in-waterway?srnd=premium-europe&sref=5dj0X2VO

 

First I heard about it was 20 minutes ago on the radio and they were saying it is now unblocked. Oil prices have gone up over a dollar from this. Weird how price can go up instantly but takes a year to go down, even when the material distribution was only minorly and briefly affected.

 

Billy Joel voice “TROUBLE IN THE SUEZ”

 

Vendor email today:

"We rest at your disposal for any other inquiries."

Yes. This is also how I'd have phrased this...

 

We are your lazy garbage, if you have another question.

 

I'm 41 years old and cannot give you the first idea about how oil markets work other than any excuse is an excuse to raise prices tenfold.

 

I don't really know either, but it sure seems like the futures market drives things more than actual production and distribution. The mere implication of possible risk is instantly priced in.

 

people are worried that Biden will ban fracking for real.

 

Makes sense to me. Up next he should just flip the switch to electric rocket's and reusable glue.

 

he said he wouldn't, so he won't.

 

he already banned new leases.

 

That's on federal land, not in general.

 

Also, that's new leases, not cancelling existing ones.

 

why is it not ok on federal land and it isn't ok elsewhere? you are already signaling you think fracking is bad.

 

I don't think it is bad, I know it is has impacts like any extractive activity. Good/bad is subjective. That it has impacts that can conflict with other uses and goals is not. There is a hell of a lot of fracking going on as we speak on federal lands, if you didn't know.

The image on this page is from 2010 in PA: https://eros.usgs.gov/doi-remote-sensing-activities/2016/usgs/landscape-effects-hydraulic-fracturing. I've seen it even denser out West. If the purpose of federal lands is solely extractive, why are we leasing for less than the market rate? How does this serve the tax payer? What is the goal, droski?

 

The ship is still stuck and still blocking/reducing the flow of other ships through the Suez no?

 

Ya, I thought I heard yesterday that they had gotten it moving but it looks like it is still stuck.

 

The traffic jam is really building.

https://www.marinetraffic.com/en/ais/home/centerx:32.6/centery:30.0/zoom:10

 

Damn. Talk about a prime target for someone against certain economies.