Re: Trump or Harris?
By: DaiTengu to Bf2k+ on Wed Aug 07 2024 09:49 am
> Yeah, it's not like there was a global pandemic going on so no one was
> driving anywhere when gas was that low.
>
> Presidents have very little to do with the price of gas. Sure they can do
> things to try and swing it a bit in one direction or another, but they don't
> control global markets.
>
Actually, oil extractors were paying oil distributors to take fuel from their st
orage tanks because they were running out of fuel storage and they could not shu
t the extraction operations off.
But then I'd argue that the end consumer didn't get to see the prices drop as a
result (for reasons that have already been discused on DoveNET).
What was noticeable was the increase of fuel prices due to the tensions in Easte
rn Europe and the shrinking power of the petrodollar empire, things which you ca
n squarely blame on France, Germany and the US. If so many African countries wer
en't switcing alliances away from the Western blocks over issues with radical Is
lam they would still be using USD and African Franks (distributed by a French ba
nk). The cesation of movement of those currencies have cause the purchasing powe
r of the whole West to crash.
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