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Mizaq
Sep 12, 2001

Monkey Magic
Toilet Rascal
Oh god I haven’t thought about Almost Live in like 30 years. Thanks, I guess?

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Mizaq
Sep 12, 2001

Monkey Magic
Toilet Rascal
I figured the diesel market is probably worth more now than later and sounds like that’s what is going on. https://www.bloomberg.com/news/articles/2022-10-21/what-backwardation-has-to-do-with-us-diesel-squeeze-quicktake

Basically, if you don’t sell your diesel now you can lose a ton of money selling it later when the value isn’t as high. No-one wants to lock in resupply right now while prices are heading downwards unless they can match it to a hedging instrument, or buy it at a price that they think is safely low enough. It’s hard to get hedges on regional marketsm, plus the regional markets can move in different directions from NY-based hedging instruments. Buy diesel in LA and not only lose money locally as prices fall, but lose on your short as NYMEX reverses and goes up instead.

Betcha market is pricing in crude getting crushed as Saudi dump oil onto the market when republicans take back Congress. These shenanigans happen non-stop in commodities markets.

Mizaq
Sep 12, 2001

Monkey Magic
Toilet Rascal
I wonder if Twitter will last long enough for them to get around to selling red check marks.

Mizaq
Sep 12, 2001

Monkey Magic
Toilet Rascal
What if the states made it illegal to go onto federal property in order to get an abortion?

Mizaq
Sep 12, 2001

Monkey Magic
Toilet Rascal
What good is a windfall profit tax if public companies can reduce their profit via stock buybacks? I worked at a place that did that the year before they sold to another company and even though we hit our profit goals they halved our bonuses and told us to be glad we got anything since we were unprofitable that year. gently caress stock buybacks first then address the rest. They’re probably easier to explain to anyone with a 10 second attention span too.

Mizaq
Sep 12, 2001

Monkey Magic
Toilet Rascal
They’re essentially suicide bombers, although the closest I’ve heard making that comparison out loud was the research someone discussing mass shooting as a form of suicide. Suicide shooters are the same thing as suicide bombers. Why not call them such?

Mizaq
Sep 12, 2001

Monkey Magic
Toilet Rascal
Gasoline supplies across the country basically poo poo the bed in the event of a nationwide railroad strike.


I don’t see anyone talking about an immediate issue with rail delays that will affect basically everyone. Ethanol is distributed across the country via rail car. Most of the gasoline in the country is kept in large fuel terminals and blended with 10% ethanol at the time it goes into the 8500 gallon tanker [truck] to take to the gas station. Without that ethanol, the gasoline will not meet octane requirements to avoid knocking and also is against many state and federal laws to sell because of that and other specification issues (note: we can handwave away air quality but not engine knocking). The pipelines from refineries are scheduled a month in advance and refineries stock octane boosters to meet expected demand and not really anything more so ethanol at the final terminal is essential. By the way, those boosters are also delivered by rail. Local ethanol supplies are constantly restocked because most terminals have much smaller ethanol tanks than sub-octane gasoline tanks and they are refilled as fast as possible via their limited number of ethanol offloading spots either directly from rail or from trucks that get them from nearby rail cars. Full octane gasoline without ethanol is basically a hobby fuel at this point and not readily available in most areas, and even if available not in a significant quantity for major metropolitan areas.

The railroads are imperiling our national security because shutting down pipelines because of ethanol issues downstream stops jet fuel being delivered to airports and military bases. They should not have been allowed to abuse workers and get us into this situation.

Edit: ethanol goes so quick at the local level there will be outages within a few days at most.

Edit2: oh yeah Diesel exhaust fluid is probably also transported via rail. Your diesel engine will shut itself down if it can’t regenerate. RIP trucking ethanol from ports if you can’t even run the trucks because of lack of DEF. You can’t truck food either on trucks that are dead on the side of the highway. Biden’s name will be cursed for generations by both aisles.

Edit3: forgot about refineries needing to ship out residual oils from the refining process before their own storage tanks get full. The whole thing would be turbofucked. Shutting down refineries would start to happen right before a strike because it can damage them if it’s forced after a strike starts. They will reduce risk by doing controlled shutdowns at the last possible moment.

Mizaq fucked around with this message at 21:48 on Nov 30, 2022

Mizaq
Sep 12, 2001

Monkey Magic
Toilet Rascal
Will they override the filibuster if Bernie filibusters the one with no sick leave? Open that can of worms already.

Mizaq
Sep 12, 2001

Monkey Magic
Toilet Rascal
Is he banning people on twitter yet for stuff they post elsewhere? I suppose he probably doesn’t have the staff to accomplish that right now.

Mizaq
Sep 12, 2001

Monkey Magic
Toilet Rascal
Maybe Donald Trump can be CEO, he’s currently available.

Mizaq
Sep 12, 2001

Monkey Magic
Toilet Rascal
Seems self-explanatory: No electrician will work for him without payment in advance; he won’t pay in advance.

Mizaq
Sep 12, 2001

Monkey Magic
Toilet Rascal

Push El Burrito posted:

Monty Python is now NC-17.

Yeah seriously, Tom Hanks is cancelled.

BS to ignore sexualizing teens and preteens but ban adults. Same poo poo new century.

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Mizaq
Sep 12, 2001

Monkey Magic
Toilet Rascal
Yeah, IIRC it was an allusion to inbreeding.

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