the countries and cities with a 1st class public transportation system will be fine. The rest will take a bite out of massive shit sandwich cooked up by MAGA and their partners in Moscow.
this post was submitted on 14 Mar 2026
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So with another boom in Alberta, will they learn for the 12th time to invest in infrastructure and a refinery to secure many long term jobs for the region..?
LOL. nah. They'll take the money and run, some oxy addicts will get new pickups.
I don't even own a car. But I still have to pay for everyone else's car addiction because of this shit.
New Zealand is completely fucked. No production - not even any domestic refining, more car dependent than the US, geographically isolated, and almost at the top of the list for force majeure being exercised on them.
Hope it hits $1,000. Fascist America is a joke.
Uh, you do understand oil is what underpins everything we do on this planet? Including housing and food? Until we all become Star Trek My Little Pony Care Bears eating rainbows and farting sunshine, that's how it works.
Uh, you do understand that we have no choice but to stop using oil, it's just a matter of how long we wait.
Russia is a gas station run by the mafia.
Revolution, hunger and potential conflict between states. Then there would be downward trend all kinds of consumption. Rise in cycling or walking. Governments potentially slow down to save cost. Rich fucks talk about saving or donating to X. While he bask in the sun or ride on a jet. Basically COVID all over again.
Then why did they make themselves so dependent on oil? We have alternatives but decided to be lazy. Aesop's fable
Idk man but my car runs on electric
Not everyone has a fully formed penis. Some men need a V8 pickup for medical reasons.
Any time someone suggests "lazy" or "stupid" as a hypothesis, it means they don't understand something very important.
Any time someone suggests "lazy" or "stupid" as a hypothesis to absolutely anything, it means they don't understand something very important.
Really ? like these "idiots" ?
https://www.youtube.com/watch?v=rXfFACs24zU
"Maybe we're sufficiently stupid that we won't exist beyond this century" - Professor Brian Cox
"Greed and stupidity are what will end the human race" - Stephen Hawking6
What special insight are you suggesting Hawking had about the future of the human race? This is exactly the kind of nothing hypothesis I'm talking about, yes.
Fair enough, I blame conservatism
People think oil producing country/state are spared from capitalist greed are really naive. If oil hit $200 per barrel the oil company will still sell their oil and fuel in market price.
Yeah the people selling it want one thing only - the highest profit possible. If elsewhere is paying more thats where they'll sell it. The countries that are producing it might make some savings based on transportation and shit, but they'll be paying the same or they wont be getting it.
(The few) Places that regulate and tax extraction properly, or state own it should capture a decent amount into their tax base. In principle that can be used to compensate the people in various ways.
It'll still impact the price of anything that's imported/exported, since the shipping costs will go up.
This article doesn't mention Alberta nor Texas a single time. Probably because the locale the raw materials are extracted doesn't mean much to the price at the pump.
It's not a small town market, it's multinational corporations that take from one place and send to wherever they can profit the most. Everywhere is screwed, but not more specifically than the aggregate. Both Alberta and Texas have seen the same price increases as their respective nation, because neither place has farm to table oil.
Alberta vs Canada average fuel price
Texas vs United States average fuel price
Alberta does not make gasoline.
Precisely my point, yes. Extraction location of crude oil doesn't mean it's refined form in that area will be any cheaper than the average in the respective country.
Guess their respective government are getting a cut as taxes or royalties. Isn't like these extra income is going to be used to help the needs of the population (correct me if I'm wrong in the case of Alberta). But their accounting sheets are going to be OK
That’s not how it works unless oil production gets nationalized. Oil produced locally is sold on the global market, literally the very reason it could hit the hypothetical $200 a barrel. The oil production would have to be nationalized in order to restrict the supply to the local market, then you’d pay prices based on whatever the local market would pay.
It can hit £500/barrel and my bike will be just fine
It'll affect prices on everything though, because of the transport costs skyrocketing.
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At that price the cost of fertilizer will be astronomical and cause a spike in food prices as farms become unprofitable unless prices go up an order of magnitude to keep up. The moment you bankrupt farms is the moment famine enters the chat.
It's not an order of magnitude, lol.
It will be fine until you have to oil your chain. Then you'll see!
Beeswax
It will be fine until your bees need an oil change.
Ahh, you got me there. Perhaps I should stock up
Only those who insist on driving combustion cars are screwed. The rest of us will be fine.
Honestly we might see greater adoption of EVs because of this.
Not really. A new car is far too expensive to buy when compared to a few dollars more at the pump.
2nding this. My wife was surprised we weren't saving money on gas. Almost every time, a paid off car is cheaper than a new (or even moderately used) car.
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(5 replies)
To bad some countries keep shooting down sustainable energy alternative
Oil peaked at $147.27 in July 2008; adjusted for inflation that's $223.53 today.
Lehman Brothers went bankrupt 2 months after oil reached that record high.
Right, but was it a correlation or causation?
Let's find out!
Need a larger sample size
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(1 replies)
im hopeful it hits $300
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