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Monday, May 2, 2022

Why Every American Should Care That Diesel Prices Are Surging Across The Country — Craig Fuller

To many Americans (including politicians), diesel prices are so removed from their version of reality that they often dismiss the importance of diesel to the U.S. and global economies. However, diesel is the fuel that drives the economy and leaves major industries vulnerable to cost shocks.

Without diesel fuel, the U.S. economy would collapse in a matter of days. Our supply chains would completely shrivel, almost overnight....

Since diesel powers the industrial economy, the recent surges in prices will put additional inflationary pressures on the U.S. economy – in the sectors that have already experienced unprecedented inflation – transportation, agriculture, and construction. 

But this may be less damaging than demand destruction that may come along with price surges, especially in transportation and construction....

Zero HedgeWhy Every American Should Care That Diesel Prices Are Surging Across The Country
Why Every American Should Care That Diesel Prices Are Surging Across The Country
Craig Fuller, CEO of FreightWaves
https://www.zerohedge.com/markets/why-every-american-should-care-diesel-prices-are-surging-across-country

16 comments:

  1. If the media was doing their job it would be this


    https://m.youtube.com/watch?v=wGvO8b-tiaM


    Tucker laid it all out last night. Tucker is the only person saying it. Reading the comments the voters are catching on.


    The truth will come out.




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  2. If Dems lost every Senate seat, the Biden administration could still pursue war with Russia.

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  3. Most of gop is on board anyway because it benefits defense industry…

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  4. It is incredible that the meme


    "Strong currency good - weak currency bad"


    Still survives any scrutiny today and parroted around like fact.


    Brexit and now War with Russia shows this myth will never die.


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  5. BREAKING — Conference on the Future of Europe approves radical overhaul of the EU: end of unanimity, abolishment of veto’s, launch of Joint Armed Forces of the Union, transnational lists and many other reforms…


    https://mobile.twitter.com/PaulEmbery/status/1521463818261573632?cxt=HHwWgMC5oYPSqZ0qAAAA


    Orwell will be spinning in his grave.

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  6. Everything leavers said was going to happen and were called liars

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  7. Most of gop is on board anyway because it benefits defense industry…

    Right. It's called "the uniparty."

    There is no longer a hard distinction between left and right. Now it is morphing into the people versus the monolithic state.

    The is no harder evidence that Tucker Carlson ("right") defending free speech, while the ACLU is arguing against it, and Noam Chomsky saying that Trump is the only US statesman with a realistic solution to the Russia "problem," while the uniparty is calling for war.

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  8. If Dems lost every Senate seat, the Biden administration could still pursue war with Russia.

    Right. And I very much doubt a GOP Senate would be opposed to that, other than regarding the details, with both sides striving to appear more hawkish.

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  9. Trump trying to appear “above the fray”…

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  10. “ There is no longer a hard distinction between left and right. ”

    Maybe on this war/defense issue but look at abortion… taxes… ESG… plenty of differences …

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  11. Matt, I did not say no distinction but no longer a hard distinction. This is not only me saying it. It has been a discussion point for weeks now with so-called leftists like Glenn Greenwald and Tulsi Gabbard appearing on Tucker's show, you know, Fox News, the sworn enemy of the left.

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  12. Right. It's called "the uniparty."

    There is no longer a hard distinction between left and right. Now it is morphing into the people versus the monolithic state.


    Absoloutely Tom.


    Those for neoliberalism and globalism v's those against.


    Those against have very few options who they can vote for. The people who they can vote for come with big red warning signs attached like Trump and Farage and Le Pen.

    My take and I don't know if it is correct. Is voters who are against neoliberalism and globalism are willing to accept the warning signs as long as neoliberalism and globalism is defeated.Then vote accordingly to deal with the warning signs later.

    See voting as a step by step process to get what they want.


    That's how I approached the Brexit vote. I used Farage to get out of the EU and then hoped at some point the left would win power in the future and not be hamstrung by the EU treaties.





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  13. I'm pretty sure most of the left Who voted for Brexit and used Farage to get out of the EU. Had the long game in mind.


    Why the conservatives have dragged their feet and muddied the waters over Brexit and not really left yet.

    They want the left hamstrung by the EU treaties forever.

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  14. My view is that when the narrative gets too disconnected from reality, as it is now, then there is pushback. This can occur in several ways. We already saw it in the GOP as the Tea Party and the ascendency of Donald Trump and the left as Occupy Wall Street, Antifa, and BLM. These were steps in radicalization, and they have not gone away but been absorbed in dialectical moment that continues to unfold. This can manifest through political change, social unrest, etc., and it has manifested in the past even in revolution.

    The issue now is what to do with a situation that more and more people from all points on the political compass are recognizing as threatening. Right now, it seem we are in a Gramsci interregnum. That will not last forever. Something(s) will come out of it.

    The crisis consists precisely in the fact that the old is dying and the new cannot be born; in this interregnum a great variety of morbid symptoms appear.
    § (34). Passato e presente., Quaderni del carcere, «Ondata di materialismo» e «crisi di autorità », volume I, quaderno 3, p. 311, written circa 1930
    English translation Selections from the Prison Notebooks, “Wave of Materialism” and “Crisis of Authority” (NY: International Publishers), (1971), pp. 275-276.
    Prison Notebooks Volume II, Notebook 3, 1930, (2011 edition) SS-34, Past and Present 32-33,
    https://en.wikiquote.org/wiki/Antonio_Gramsci

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  15. Until Americans and Canadians start dying in droves, the narrative will go on.

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