Inflation is coming...in a big way. Part 2.

[mmm..bacon]

...And here was I laughing at y'all gassers while I trundled off to the oil pump for my (sometimes cheaper) fillup a couple of years back!

[Old fella]

The price of diesel pisses me off so much. Pure greed. There is no other single commodity price that directly effects the cost of literally everything grown, transported, manufactured, bought, and sold in today's economy than diesel. High diesel prices are high inflation. And there's no reason for it other than oil company greed.

Other reasons;

Carbon Tax & Laxk of North American Oil Production.

Carbon tax did not cause diesel to more than double in price in two years.

It’s not the lack of North American oil production either. Otherwise we wouldn’t be exporting it.

It’s the lack of refinery capacity, which is intentional… and BS excuses. Rack prices are going down but prices at the pump are going up. It’s pure unadulterated greed.

But. It’s not going to last. Like every energy cycle ever.. increased production driven by high prices will cross with reduced consumption driven by recession and adoption of modern technologies.

Except in this case instead of buying Japanese compacts in the 70s and 80s to turn around and buy Explorers and Hummers in the 90s and 00s… we will replace almost everything with EVs… and so will end our dependence on oil except in aviation for now and very small industrial sectors.

As we are heading in transition to the right and responsible position of a green economy to save the planet from a looming disaster, make no mistake there will be unforeseen/unknowns going forward. I believe it will be centred on Infrastructure, Environmental and Taxation, I could write three paragraphs in each of these sub titles but naw, probably bore many and subject to abuse by a small select few.

[Jet Jockey]

BTW,

Jet A1 fuel was $12.99 a USG in KLGA last week.