A semi day: 🩸🩸🩸
XFEDI
ActivityPub#economics
Public posts with this hashtag.
The price increases here are wild, broken down from mid 80s prices $ -> inflation adjusted price $$ -> actual 2026 price $$$. That last price to me is the failed policies and greed price. Deregulated capitalism (what republicans did) does not work.
The Week AI Blinked? - The American Prospect https://prospect.org/2026/10/16/the-week-ai-blinked-character-ai-openai-anthropic-meta/ #ai #economics #reality #bankruptcy
The American ProspectThe Week AI Blinked? - The American ProspectFor investors, the shine has come off artificial intelligence. The reason why is simple: Even if it’s a fabulous technology, it’s an unprofitable business.
JD Vance: There is no person who hates the idea of people enriching themselves fraudulently over access to the government than Donald J. Trump
Trump claimed 17m additional SPR oil would be offered in the latest tranche; it's unclear if he's just restating a volume w/in the current 4th tranche. Between September and October, only 2.9m barrels have been cleared, a dramatic drop from the summer.
The fact that no one wants to "exchange" or "borrow" oil from the SPR implies that they think they won't stay in the black if they do so. At ~25% return premium above the current price of oil, this infers the expectations of oil prices in 2028-2029 at or above $72-80 a barrel.
The SPR release is moot at a ~25% return premium; it can't lower prices. Oil prices are high, not because of a lack of supply, but because of the total premium (risk insurance, freight costs, hazard pay, etc.) of Gulf oil driving up global oil bids.
Everything this administration is doing is the opposite of what is needed to curtail exogenous inflation. This is 100% due to their errors and misjudgments in the #IranWar and the #Economics of #Oil.
#USPol
