Given the amount of regulation and taxes (that could easily be dropped) incumbent upon oil companies, it's disingenuous to say that politicians have no effect on prices
Not to mention the huge number of governments that printed money during covid
That's true. But given that oil companies predicted global warming on the seventies and spent decades falsifying studies and discrediting research to cover it up I'd say let them burn.
Agreed with cakelover. “Revolution” should generally be a last option. Such extreme and rapid change often causes more suffering and problems. If petroleum shut off tomorrow, we’d have all sorts of chaos and we’d probably rush head first to any “life raft” without thinking- even if it was worse.
So many plastics and vital parts of technology require oil. Knowing the harms and costs of oil reliance, we should work to reduce oil consumption and find diversified alternatives for uses like fuel or manufacturing etc. so we can MAYBE someday be “off oil,” but at the least we should work to stop “wasting” oil and build personal convictions and consumer/industry habits that avoid frivolous use of products and services feeding the hunger for oil. There aren’t really “magic bullets,” individuals will need to be increasingly personally responsible for choices they make as resources dwindle and the environment changes. Proper legislation can help, but abrupt extreme actions are usually harmful.
Blaming Joe Biden for inflation right now is liking blaming Trump for the war in Afghanistan. Presidents inherit what is left to them by their predecessors. The current global economic crisis has been anticipated for some time. Economic news for 6+ years has been dominated by poor unemployment and underemployment as well as questions about when the obvious bubble economy would burst.
Unfortunately the giant wall has not had the economic stabilization effect many had hoped it would, and deregulating consumer and environmental protections didn’t seem to do the trick to prevent or reverse things, so the current administration will have to try something else.
We can’t really judge a president simply because a crisis happens on their watch, we have to judge them by how they handle a crisis and what the results are. We are seeing the impact of previous economic and diplomatic policies and how they shaped the world, hopefully the current administration will improve things. We wait and see.
@Xvarnah
*misinformation
Not to mention the huge number of governments that printed money during covid
My problem is "the little guy" i.e. individuals who had no part in causing this having to pick up the bill
So many plastics and vital parts of technology require oil. Knowing the harms and costs of oil reliance, we should work to reduce oil consumption and find diversified alternatives for uses like fuel or manufacturing etc. so we can MAYBE someday be “off oil,” but at the least we should work to stop “wasting” oil and build personal convictions and consumer/industry habits that avoid frivolous use of products and services feeding the hunger for oil. There aren’t really “magic bullets,” individuals will need to be increasingly personally responsible for choices they make as resources dwindle and the environment changes. Proper legislation can help, but abrupt extreme actions are usually harmful.
Unfortunately the giant wall has not had the economic stabilization effect many had hoped it would, and deregulating consumer and environmental protections didn’t seem to do the trick to prevent or reverse things, so the current administration will have to try something else.
We can’t really judge a president simply because a crisis happens on their watch, we have to judge them by how they handle a crisis and what the results are. We are seeing the impact of previous economic and diplomatic policies and how they shaped the world, hopefully the current administration will improve things. We wait and see.