Supply Chain, Inflation & Other Economic Issues

[wufan]

High Inflation plus High Taxes. We already have increased Kansas (Sedgwick County)Property Tax. Great Option

I didn’t say it was a good option, just one of a few options. You either have to remove money or add goods. Any way in which one of those things occurs decreases inflation.

[wufan]

It is fairly clear at this point that to the current progressive left, everything, and I mean EVERYTHING, bows a knee to environmental interests. Literally nothing else matters to these religious zealots.

I think you’re too high on your analysis. IMO environmentalism is just one of many strategies used by progressives to create a utopian society…one in which dissenters will NOT be tolerated.

[Shockm]

I think you’re too high on your analysis. IMO environmentalism is just one of many strategies used by progressives to create a utopian society…one in which dissenters will NOT be tolerated.

I agree with you that there are environmentalists, socialists, anti-fascists, and anarchists. They aren’t necessarily the same things, although there may be some progressives who are one, two, or all of the above. They don’t always agree.

However, environmentalists seem to have gained the most power under Biden’s policies. IMO, You underestimate the environmentalist’s influence

[wufan]

I agree with you that there are environmentalists, socialists, anti-fascists, and anarchists. They aren’t necessarily the same things, although there may be some progressives who are one, two, or all of the above. They don’t always agree.

However, environmentalists seem to have gained the most power under Biden’s policies. IMO, You underestimate the environmentalist’s influence

Socialists, anti-fascists, environmentalists, and lefty anarchists are all progressives trying to establish equity. They all believe that the right wing is a threat to their control. If only they had the power, then there wouldn’t be any problems.

[ShockerPrez]

At some point, I pray even democrats get sick of paying $6 a gallon for gas for literally no reason. And see their party as just a grifting apparatus preaching from the pulpit of woke.

[shock]

At some point, I pray even democrats get sick of paying $6 a gallon for gas for literally no reason. And see their party as just a grifting apparatus preaching from the pulpit of woke.

I hope it comes quickly. I cannot get through this winter buying heating oil at above $5/gallon.

[MikeKennedyRulZ]

I hope it comes quickly. I cannot get through this winter buying heating oil at above $5/gallon.

Not likely. He is too concerned with promoting his climate woke agenda...

https://apnews.com/article/biden-tec...beb3e7b4bf715b

[WstateU]

Not likely. He is too concerned with promoting his climate woke agenda...

https://apnews.com/article/biden-tec...beb3e7b4bf715b

[ShockerPrez]

I'll admit, it's not Biden. He doesn't have the mental capacity to wipe his own ass. It's the woke greenies running the show. Remember when the Dems said the adults were back? Sure. The adults are grandparents letting the toddlers do all the stupid **** they want, and since they are all rich, living off the government, they don't have to reap their own consequences.

[Shockm]

Not likely. He is too concerned with promoting his climate woke agenda...

https://apnews.com/article/biden-tec...beb3e7b4bf715b

One of the results of this will be to help China, who dominates the battery mineral rights industry. We aren't far away from our military/private businesses running out of the minerals needed to create batteries, and then China will control all of this technology.

When our military runs out, and China dominates................

[1972Shocker]

Posted this in the Russia-Ukraine War thread and also posting it here.

India Buying Up Cheap Sanctioned Russian Oil and Selling it to US and EU at Huge Profits

https://ussanews.com/2022/06/03/indi...-huge-profits/

India is buying up cheap sanctioned Russian oil, refining it, then selling it to the US and EU for huge profits, according to a report in the Wall Street Journal.The US has reluctantly given India permission to buy Russian oil because India has threatened to ditch their alliance with America and ally with Communist China if the US dares to sanction them.

While Americans and Europeans are being forced to pay record prices for gas as “the cost of standing up for freedom,” the free nation of India is buying oil from Russia for a whopping $35 off a barrel and selling it back to us in a hilarious arbitrage scheme.

From WSJ, “Russian Oil Producers Stay One Step Ahead of Sanctions”:

Europe just targeted Russian crude with its toughest sanctions yet, but shippers and refiners are getting the oil to market by obscuring its origins. Some fuels believed to be partially made from Russian crude landed in New York and New Jersey last month.

The cargoes were brought through the Suez Canal and across the Atlantic from Indian refineries, which have been big buyers of Russian oil, according to shipping records, Refinitiv data and analysis by Helsinki-based think tank Centre for Research on Energy and Clean Air.

[…] [India’s] imports have skyrocketed to 800,000 barrels a day since the war began, compared with 30,000 barrels a day previously, according to commodity-markets data company Kpler.

[…] A refinery owned by Indian energy giant Reliance Industries Ltd. bought seven times more Russian crude in May, compared with prewar levels, making up a fifth of its total intake, according to Kpler.

Reliance chartered an oil tanker to carry a cargo of alkylate, a gasoline component, departing from the nearby Sikka port on April 21 without a planned destination. Three days later, it updated its records with a U.S. port and sailed over, discharging its cargo on May 22 in New York.

“What likely happened was Reliance took on a discounted cargo of Russian crude, refined it and then sold the product on the short-term market where it found a U.S. buyer,” said Lauri Myllyvirta, lead analyst at the Centre for Research on Energy and Clean Air. […]

Reliance didn’t respond to a request for comment. Its joint chief financial officer, Srikanth Venkatachari, said in a May 6 briefing that the company has minimized feedstock cost by sourcing “arbitrage barrels.”

Indian refined oil-product exports, beefed up by cheap Russian supplies, have grown sharply since the beginning of the war. Daily shipments to Europe have risen by a third and by 43% to the U.S. on a quarterly basis.

[SHOCKvalue]

I hope it comes quickly. I cannot get through this winter buying heating oil at above $5/gallon.

You not setup to burn wood? That's kind of shocking. Would never guess heating oil to be the go-to where you're at, but admittedly I know nothing in this context.

[shock]

You not setup to burn wood? That's kind of shocking. Would never guess heating oil to be the go-to where you're at, but admittedly I know nothing in this context.

I am, but most places are set up with radiant heat with heating oil fired boilers, or oil fired stoves so you can leave your house during the day. I have wood heat and vented fuel oil stoves. I did fuel oil 100% last year and it got down to -55. I used 100 gal a month. With a wood stove running I could probably cut that back to 40 or so.