• 3 Posts
  • 33 Comments
Joined 8 months ago
cake
Cake day: November 21st, 2025

help-circle






  • Is that how the reserve works though?

    Here in Australia the reserve isn’t a bunch of big tanks owned by the government. Its a legislative mechanism requiring fuel retailers to hold a reserve.

    It wouldn’t make sense for the government to own or manage a reserve because it needs to be cycled constantly (petrol deteriorates quickly, diesel too but less so), and they’d need to replicate skills from the fuel industry.

    That being the case I don’t think there’s a big tank of fuel owned by the government.

    Edit: ok it seems I’m absolutely wrong about this.

    The federally-owned oil stocks are stored in huge underground salt caverns at four sites along the coastline of the Gulf of America. The sheer size of the SPR (authorized storage capacity of 714 million barrels) makes it a significant deterrent to oil import cutoffs and a key tool in foreign policy.

    https://www.energy.gov/hgeo/opr/strategic-petroleum-reserve

    Sorry Americans.

    As an aside, I don’t understand how this works because it’s certainly true that fuel doesn’t last forever. Maybe you can store raw unprocessed oil indefinitely but not fuel.




  • Cam I just address the elephant in the room here which has been sitting in the corner of my mind since this whole shitshow started: American flag blue.

    Obviously, everyone knows there’s only one pool lining color: blue.

    Trump, thinking he’s the worlds most epic salesman decided to tell everyone that he’s picked the color and that he’s chosen “American flag blue”.

    I can’t decide whether it’s cringey that he thinks anyone would be fooled by that, or if it’s cringey because a significant portion of the public really is that stupid.








  • Ok here’s my supposition:

    The summary is: wealthy donor(s) are covering the loss so Trump doesn’t lose the midterms.

    The longer version is: most fuel consumed in the US is produced domestically. There no “shortage” because of the Iran situation, but prices increase because there’s no alternative putting downward pressure on prices.

    Suppose some domestic producer decided that the cost to them of trump being impeached is greater than the profit foregone by selling fuel at less than market rates.

    Or, suppose Trump said to local producers, if you keep me in office we will keep this Iran thing going indefinitely, so process are down when he needs them to be but can go back up after an election.

    No matter how you slice it, seems like a recipe for hyper wealth concentration.