Look like pie tins
Thank GOD we have a Competent Government that’s been
INVESTING in Alternative Energies to Oil so if our Reserves RUN DRY we’ll still be able to Travel, grow CROPS and use ELECTRICITY!I fondly remember Jimmy Carter.
He had a vision - and it is winning all over the world.
By the way, he happened to be a nuclear safety expert, and was in office when the Three Mile Island reactor had an actual, barely contained, meltdown, and nearly exploded.
People act like Reagan invented the mess we’re in, but Carter helped open the door. He deregulated major industries, embraced austerity politics, empowered Paul Volcker, and helped shift the Democratic Party away from New Deal economics toward market discipline, weakened labor, and “responsible” technocratic cruelty.
That’s the world we still live in: wages crushed, unions weakened, public goods privatized, housing treated like an investment vehicle, and both parties pretending the market is a law of nature.
And abroad, his “human rights” branding didn’t stop him from backing dictators, arming reactionaries, and helping set the stage for decades of intervention and blowback. Reagan didn’t create that machinery from scratch, he inherited and escalated it.
So yes, Carter was smart. Yes, Three Mile Island showed he was calm and technically competent.
Carter was the polite beginning of the catastrophe. Reagan made it louder. Clinton made it bipartisan. Bush made it apocalyptic. Obama made it sophisticated. Trump made it naked. Biden made it normal again. Trump is now making it permanent.
It always amazes me how streamlined the oil and gas industries are, and just how little of their profit actually benefits the communities they operate in. I feel like with most any other industry that amount of capital in an area would at least vicariously create some form of benefits or taxation for the local economy.
Cushing is a complete shithole relic from the oil boom of the 1920s. Pretty much every building they have on main street was built in the 1920s, and have been mostly vacant since the 30’s. There billions of dollars of oil being stored in the heart of the town while the people of Cushing grow up and die in poverty. Oklahoma is the most tragic state in the union, it’s like if the avarice of America manifested itself into reality as a state.
Oklahoma is the most tragic state in the union, it’s like if the avarice of America manifested itself into reality as a state
Oklahoma is where we forced a bunch of the continent’s indigenous peoples, only to have them be lorded over by the most unhinged white people America has to offer.
and just how little of their profit actually benefits the communities they operate in.
https://duckduckgo.com/?t=fpas&q=niger+delta+oil+enviomental+disaster&ia=images&iax=images
This, by the way, is how data centres work only worse. Even a hyperscale data centre in the gigawatt range is very unlikely to employ more than a hundred people. After initial construction - which will often be handled by out of state specialists, not locals - their effect on employment is basically nil. They’re sold to voters as a big deal for the community they’re in but in reality they just make noise, drink all the water and jack up power prices for no benefit.
Voters got wise and governors ignored them, Whitmore for MI for example. Another lesson in, conservative dems are dems in name only.
Louisiana has entered the chat
There’s always Mississippi!
Idk, it’s hard to beat Oklahoma when it comes to terrible history. Our state motto is the “Sooner State”. Which is basically celebrating people who cheated in a competition to see who could steal the best land in what was essentially an open air concentration camp for indigenous people.
West Virginia will have something to say about this when they wake up from the daily methadone nap
It’s all true lol
When America collapsed in order to enrich a felon rapist pedophile.
I’m sorry, but what else do you call a country that does that other than trash?
Don’t let conservatives in government. It could happen to you.
A third world country with a Gucci belt.
Actually, the term third world country is outdated and referred to countries that couldn’t decide whether to align themselves with the US or Russia-oh wait
What I don’t get is why prices aren’t already rising more than they have. It seems like literally everyone except the Trump administration itself expects the strait of Hormuz to remain blocked for a long time, so shouldn’t that be priced in already?
Global oil reserves. Created and maintained to prevent just such a thing. It’s part of the dance the the oil industry has been doing for decades to prevent fuel hardships and price hikes, and keep people choosing to stick with their cars, instead of using public transport or alternative fuels. And it’s worked since the Arab oil embargo of the 70’s… (I was there… it was fucked up how fuel was ratioined and expensive…)
Those reserves are what the article is pointing out.
They’re coming close to hitting the level that means there is literally not enough oil to maintain the pipeline pressure that keeps it moving to the refineries. Nor is there enough oil being pumped in the US to maintain the global supply. This is BIG. Once that internal pipeline pressure drop happens, it’s going to be the price increases from hell and shortages galore.
Makes me supremely glad I can ride my bike to work.
And specific cap on oil prices is because depletion of those reserves have been so rapid, together with less China imports (they have their own high reserves). This can make the latest wolf cry for imminent peace more likely true, if reserves are on the brink.
It doesn’t matter if peace is achieved this second, this shit is still coming.
Normally you would see the massive shortfall where ~15% of global oil demand needs to be destroyed by price increases, and you would then assign the risk that happens, and take the integral over your risk distribution times your pricing scenarios.
However, two things are going wrong:
- markets wildly overestimate Trump’s words and ability to resolve this, so are mis estimated risk
- oil execs are happy with the extra income
So they’ve put off the price increases entirely because of hubris.
they’ve put off the price increases entirely because of hubris.
They also don’t want to bite the hand that feeds them. They know that oil prices are the only thing that the majority of Americans really care about when it comes to politics. They also know that the trump administration is more than willing to cut down any government regulation or energy competitors they want. Keeping the public happy domestically and selling exports overseas for significant profits works out fine for them. They know who butters their bread.
Thank god, good news.
Oh boy, not enough gas to get to work. How exciting.
It’s about time Americans got a taste of their own medicine 😋
You’re not wrong. But it still sucks to live through.
I’m sure the Cubans could give you some pointers on how to survive an O&G shortage.
Yep, now wfh. Or bicycle. Or move closer. All the things we need to do
A competent administration would have filled the reserves to capacity (75MM barrels) before starting shit with Iran. I am going to take a wild huess that they did not do that.
And or just not stuck their dicks in the bear trap that is Iran.
It’s 2026 and a republican has involved the US in another conflict in the middle east.
Seriously.
No. A competent administration would ban all oil extraction and import.
surprise attack on 80 year old pope, and schoolgirls, was totally going to make Iranians love the US.
I mean they did nab Venezuela’s oil right before all of this. They may be using the Iran war to throw a wrench into global supply and thus make Venezuelan oil more attractive. The geopolitical value of Venezuela’s oil undoubtedly spiked at the onset of the war.
That’s 4D chess, so I doubt it. More likely is that they assumed that the Iranian regime was at a tipping point (it was), and figured theyncould swoop in, bring “freedoms” and take all the oil from an American/Saudi/UAE/Israel puppet government. Instead, all they did was solidify the existing regime and multiply their influence by an ordernof magnitude, while significantly decreasing the US standing and influence in geopolitics.
It’s pretty clear that at no point did the US plan for Iran closing the state. They should have. Every previous US government considered it the primary danger of a war with Iran. But Trump doesn’t surround himself with smart people.
Also there’s credible reporting that their belief that Iran would not close the strait was reinforced by the AI planning systems they recently invested in. So that’s fun. The blind leading the stupid.
Processing for oil is customized based upon its properties, which vary based on the source. It isn’t possible to just swap Venezuelan oil for some other oil.
While this is true, to my recollection Venezuela actually does produce the right kind of oil for the US to refine. That’s believed to be what made it attractive (the other option would be Canada). Ironically the US does not have the ability to refine the oil they now produce. That’s why they export it instead.
But the idea that they’re actually going to get any oil out of Venezuela is laughable. Every company that Trump pitched the idea to turned him down, because it’s far too volatile a region and political situation for them to go in and set up billions in infrastructure.
I mean I know that. I never said it was an easy switch.
It is a costly, cumbersome process. What better way to make this costly, cumbersome process more attractive than to put a chokehold on global oil supply?
I swear all of this is made up. Gas in my area has dropped a dollar a gallon in the last 2-3 weeks. This is despite virtually nothing changing with Iran, and despite multiple stories like this one saying we are on the verge of collapse. Prices sure don’t reflect reality in any fucking way and it’s mind numbingly impossible to try and predict.
You’re burning through your strategic reserves. When these run dry, gas will be rationed, food will be impossibly expensive, or simply not on the shelves, and then the 2nd great depression starts and things get really bad. Art of the deal, baby!
Golden age of America!
They address this in the article
They’ve been diluting gas heavily so I’m sure that might have something to do with it
Why aren’t those tanks closed at the top?
Something about hydraulics, pneumatics, and the effect of 1ATM over a silly gigantic soda can. That evaporation and out gassing. Can’t leave the liquid exposed to air or it will outgass. Can’t fill the can or empty the can if it’s sealed or it will implode or explode. So they float a cover over the stuff.
Live not far from that town.
Oof, hope you’re better now
I’m fine almost bought house in that town, but glad I didn’t. It was next to the Rodeo and close to those tanks.
I used to live near there as well.
I bet there are at least dozens of us on Lemmy.
dozens_of_us.jpg
cool pic
