Thread

1. bix6 · 1789503085 · focus · HN ↗

   Can anyone speak to the long term impacts of this? Like is gas going to remain high for years (or even worse get rationed) and I should trade in for an EV now?

   1. Fordec · 1789503271 · focus · HN ↗

      The main point of news I heard was that the Iran infrastructure the US destroyed, in a time where they are allowed to repair it and not just get bombed again, will take three years to repair. Oil prices don't get "cheap" again this side of 2030. Not to mention that there is a bunch of Russian infrastructure that is still on the chopping block to be destroyed by Ukraine as that war continues. Which has the same time it takes to rebuild issues.

      1. XorNot · 1789504725 · focus · HN ↗

         Russian infrastructure isn't affecting oil prices.

         The Russians are losing refineries, not oil fields.

         The Russian crude trade to countries like India pushes the price down globally, but limits Russian access to refined fuels and products.

         It also limits their ability to fund the war.

         1. bryanlarsen · 1789505574 · focus · HN ↗

            Russian infrastructure losses are affecting global diesel prices, pushing up the cost of everything.

            1. pbkompasz · 1789506710 · focus · HN ↗

               Source?

               1. bryanlarsen · 1789507124 · focus · HN ↗

                  Basic supply & demand. Russia has banned the export of gas & diesel, and is buying gas from India.

                  1. pbkompasz · 1789663101 · focus · HN ↗

                     That's not a source

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