That oil was cheaper 3 years ago has nothing whatsoever to do with any US administration. It had and has to do with OPEC policy decisions, Iran, Russia, and especially demand for oil. Nobody drove cars at the height of the covid epidemic. Oil even closed negative at some point. All that threw resource prices out of their usual market equilibrium.
Inflation now is the result of 2 decades of monetary policy mismanagement.
And the argument that things only get better when even the last rogue state is on board is preposterous and utterly shortsighted. A lot of pollution is local. Where I live in Canada there is lots of air pollution due to local saw mills and related pulp factories. None of that affects anyone in Europe in the short or medium term. The region I live at has an incredible potential to innovate, promote tourism, grow as health care regional hub and grow as educational and research center. But not when you breathe in polluted air and when the city government believes it makes more sense to protect blue color jobs in a dying industry. I am soon moving away from this city because of air pollution and conservative policies that keep on destroying forests and the environment. Canfor, the world's largest timber processor and wood manufacturer just posted record earnings and it pays all its top executives millions of dollars in bonuses. If you had any clue what it pays its actual workers you should change your way of thinking. When I drive around and pass by small towns with sawmills all operated by canfor all I see are rundown towns that look depressing as shit, high crime rates, high drug abuse and piss poor people who work those factories and saw mills. If you truly believe that is innovative thinking and a policy to move forward then you are dreaming. Until there is a serious rethink that unhinged capitalism damages an economy and a society nothing is getting better. There are many other towns on the BC west coast that have shifted their policy settings. They have limited heavy industry, commercial fishing and now prosper as tourist hubs, serving high paying recreational fishers who come there from all over the world. Towns, that support and encourage entrepreneurs to settle there and now those towns have higher median incomes than other towns that still rely on big industry and large corporations. Unless we go ahead and research alternative products to build our houses or sustainable timber management we will always depend on destroying our environment instead of being good stewards of the resources that were entrusted to us.
Regarding the long term it always takes early adopters to move forward to make the world a better place through innovation. If nobody starts then nothing changes. The world market is much more integrated than you might want to think. At some point we won't buy any Chinese or Russian cars (if there will ever be any) if they don't meet emission standards that we set for our nations. So nations that don't innovate and clean up will eventually be left behind and will suffer.
The argument that we should not go ahead because others are not yet on board is incredibly childish.
Inflation now is the result of 2 decades of monetary policy mismanagement.
And the argument that things only get better when even the last rogue state is on board is preposterous and utterly shortsighted. A lot of pollution is local. Where I live in Canada there is lots of air pollution due to local saw mills and related pulp factories. None of that affects anyone in Europe in the short or medium term. The region I live at has an incredible potential to innovate, promote tourism, grow as health care regional hub and grow as educational and research center. But not when you breathe in polluted air and when the city government believes it makes more sense to protect blue color jobs in a dying industry. I am soon moving away from this city because of air pollution and conservative policies that keep on destroying forests and the environment. Canfor, the world's largest timber processor and wood manufacturer just posted record earnings and it pays all its top executives millions of dollars in bonuses. If you had any clue what it pays its actual workers you should change your way of thinking. When I drive around and pass by small towns with sawmills all operated by canfor all I see are rundown towns that look depressing as shit, high crime rates, high drug abuse and piss poor people who work those factories and saw mills. If you truly believe that is innovative thinking and a policy to move forward then you are dreaming. Until there is a serious rethink that unhinged capitalism damages an economy and a society nothing is getting better. There are many other towns on the BC west coast that have shifted their policy settings. They have limited heavy industry, commercial fishing and now prosper as tourist hubs, serving high paying recreational fishers who come there from all over the world. Towns, that support and encourage entrepreneurs to settle there and now those towns have higher median incomes than other towns that still rely on big industry and large corporations. Unless we go ahead and research alternative products to build our houses or sustainable timber management we will always depend on destroying our environment instead of being good stewards of the resources that were entrusted to us.
Regarding the long term it always takes early adopters to move forward to make the world a better place through innovation. If nobody starts then nothing changes. The world market is much more integrated than you might want to think. At some point we won't buy any Chinese or Russian cars (if there will ever be any) if they don't meet emission standards that we set for our nations. So nations that don't innovate and clean up will eventually be left behind and will suffer.
The argument that we should not go ahead because others are not yet on board is incredibly childish.
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