• 14 Posts
  • 507 Comments
Joined 6 months ago
cake
Cake day: November 16th, 2025

help-circle











  • Oil products have highly inelastic demand. Most uses for it don’t decrease much when prices change. You still drive to work, trucks still deliver goods, furnaces still heat buildings, etc. There are only marginal cases where people can reduce usage: optional trips, driving instead of flying, things of this nature. Because of how marginal these uses are compared to the more mandatory ones, demand does not respond strongly to price changes. Therefore, prices change significantly more quickly.

    Edit: Demand destruction is a thing, however. Maybe you buy a hybrid or a factory closes. No matter what happens with oil prices next year, that factory is still closed and you are still driving the more gas efficient hybrid.


  • The US has been a massive oil producer ever since the oil crisis in the 70s when we said ‘never again’. Ever since then, OPEC has been declining in strength. This, even if it is a one-off, is a huge blow to their power, and puts them significantly closer to functionally irrelevant.

    The entire point of the cartel is to coordinate supply restrictions to jack up the price of oil. But with the US, EU, Canada, and now UAE able to take advantage of their slowdown and just pump pump pumping, OPEC is the least relavent it has ever been. Guyana coming increasingly online in the next years and Venezuela coming back online will both be large blows to the cartel as well.



  • I have also found that self-hosting, even with your own hardware, is significantly cheaper than the premium cloud hosting (AWS, etc). We priced out a VM server at my company and we found we could rebuy the hardware for it every FIVE months, just from the cloud hosting costs. And that is if we were decently disciplined about turning VMs on and off every day (which we all knew was a fantasy).

    That caused us to strike out the premium providers. Leaving us with the non-premium ones (Digital Ocean, etc), co-locating, or in-house hosting.



  • Tuapse is one of Russia’s largest oil refineries and export terminals. Ukriane has hit it several times over the last two weeks; basically whenever Russia manages to put the fires out, Ukraine hits another previously-unmolested part of the terminal. Tuapse has been burning hard enough there are videos of oil raining down on everything in the area.

    ‘Magyar’s sanctions’ is a mashup of Magyar’s Birds, a Ukranian group that is well-known for their drone warfare, and kinetic sanctions, ie blowing shit up so they can’t sell it.


  • The part near the start about things not being permanent. We can get back to that, people simply need to collectively get over the fact that people do dumb shit sometimes. We, as a society, used to know this. You would get ragged on for a bit, then it was simply a funny story years later you and your friends re-tell while you laugh at how dumb you all were.

    We also forgot one should not use their real name online. That is still the biggest WTF to me.