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Cake day: June 21st, 2023

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  • Well… No. It’s complicated, but there are several ways in which Russia’s invasion of Ukraine have both directly and indirectly increased gas prices. Some of them most definitely are part of ‘simply because they can’, but the invasion has given people more handles to do that as well.

    If there is a significant drop in available supply, prices go up. There are not that many suppliers in the world who can do this all on their own without causing themselves very significant financial harm.

    This is why OPEC, when it has it’s act together enough for everyone to go along with it, has been such a thing, and holds so much power. If almost every supplier is part of OPEC, and OPEC decides to decrease supply, well, prices go up, and none of the suppliers take a hit.

    In a very similar manner, if people think or expect that supply will decrease, you get a very similar effect, despite there being just as much supply as there was 5 minutes before the news or rumor went out.

    And, of course, it is perfectly possible for suppliers to sell their product outside of the global commodity markets. It’s rare, because it’s almost always going to be selling it for less than the current market prices, but today we have some good examples of this.

    Russia was a huge supplier of various petroleum products, and even though the oil you use to make gas and natural gas are rather different products, to a limited extent they are just barely interchangeable enough on the usage end that a significant shortfall in natural gas can be partially made up by increasing usage of gas, at least in some places.

    (See Europe going through an exceptionally cold winter while not having enough of a natural gas supply to be confident in even normal usage.)

    At the moment, you have Russia almost entirely excluded from the global commodity markets. Russia choosing to sell outside of those markets at a significant discount, to evade sanctions. Which gives other oil producers just a hair more leverage in continued price control.

    All of this is the backdrop for the international companies that do most of the oil prospecting, drilling, etc, who have all decided to almost entirely stop bothering to continue investments in opening up new oil deposits. These most definitely impact pricing as well, though on a longer time scale.

    It’s a complex mess, with quite a lot of gambling, and actors who have a vested interest in screwing with the system, and entities with enough control to not only gamble, but to tilt the result to avoid losing those gambles if they really need to.

    And given that everyone involved wants to make as much money as possible, only the fact that it is a global market keeps prices even remotely sane. Any excuse to hike prices will be taken.


  • To be real clear, the only thing this does is screw over the hourly employees trying to survive on tips.

    It does absolutely nothing to the business, they don’t care, at all. It doesn’t impact them in the slightest.

    Yes, by law, if someone makes so little in tips that they would be getting paid below minimum wage the business is supposed to make up the difference.

    Assuming that happens for the entire shift.

    In practice, by all accounts… That pretty much never happens.


  • I would argue that we are, as a planetary civilization, almost past the point where a war of that sort is even possible.

    On the other hand, if China were to ever shun NK, I would bet that their government would likely collapse in less than a decade.

    Sadly, China has a ton of reasons to want to prevent that, one of the bigger ones being the border with NK where many, many refugees would try to cross into China.

    I could however see, someday, China agreeing to a massive backroom deal on a scale that would be unprecedented:

    China abruptly works to ensure a complete collapse of the NK government, without any NK nuclear weapons either coming into play or any NK nuclear weapons going missing (except to China itself, if it wants them).

    And SK along with a good chunk of the Western world agrees to immediately conduct one of the largest humanitarian missions in history, to ensure that nobody is fleeing NK into China unless they have tons of assets and they want to avoid repercussions for their actions.

    There are, sadly, a lot of reasons why China wouldn’t want the western powers capable of pulling that off to have control of territory that close to China though.

    SK would be their safest bet, but SK doesn’t have the resources to pull of that kind of a humanitarian effort.

    And the chances that someone like the US wouldn’t take the chance to plop a military base in what is currently NK seems awfully slim.