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Joined 3 years ago
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Cake day: June 12th, 2023

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  • The situation is more fucked than western media has let on. There isn’t really footage out of that area, nor are they allowing satelite, so few know what’s going on. But reports have come in of a ton of damage. Even from what’s been confirmed, a significant amount of oil infrastructure is offline and won’t be online for months to years. We’re about to see some long tail effects.

    The Trump administration is burning cash to keep the paper price of oil low. But the price of a delivered barrel is is like almost $40 higher.

    This is not meants as a doomerish post, just a long winded saying of don’t expect gas to go down anytime soon, even if the news says that the futures oil price dropped, it might in fact even rise some more.
















  • So the idea is its a cross between charity and gambling, who gets paid when is the gambling. It’s a feature.

    Also, I don’t think your math is taking into account the $200. You borrow $100 and pay back $200, the interest is baked into the repayment amount. It’s a gamble, the people paid in year 1 get hella interest. The people paid back in year 26 basically break even on inflation and people paid back in year 30 lose money.

    But I am fascinated to know what procedural hurdles one would face trying to set something like this up.