Thread

1. bix6 · 1790652307 · focus · HN ↗

   So seriously, what is the administrations intention here? They’ve used all the missiles and drained all the gas. Are they trying to get the U.S. invaded?

   1. toomuchtodo · 1790652351 · focus · HN ↗

      Keep fuel prices low enough using the SPR to try to not lose at midterms. They don’t care what happens after, just as they don’t care about their constituents losing their Medicaid.

      The cost of putting unsophisticated grifters in the ultimate position of power.

      ¯\_(ツ)_/¯

      (Green New Deal via incompetence)

      1. idiotsecant · 1790652694 · focus · HN ↗

         SPR cannot meaningfully lower prices at the pump. It's simply not big enough. The only thing that does that is an end to the war.

         1. toomuchtodo · 1790652811 · focus · HN ↗

            Certainly, just like the Treasury is attempting to manipulate debt costs with their bond market interventions. Both are illusions of effort, both ineffective.

            “Extend and pretend.” Luckily, we’re almost out of runway, both with oil and the bond market. Natural consequences are required to encourage improved outcomes.

            (The war will not end until Iran decides to end it, just as Ukraine can lob drones at Russian refineries and oil terminals forever)

            1. hedora · 1790653258 · focus · HN ↗

               Iran and the Houthis both have to stop the war before all the Middle East supply chains start turning back on.

               The US is winning on so many fronts these days, it’s getting hard to track. /s

Unofficial Hacker News client; not affiliated with Y Combinator.