Coal comes from the carboniferous period and is really just anoxic transformation of layers and layers of old peat bog covered by sedimentation and transformed by heat, pressure and geologic time ~ 300 Ma.
Oil and gas come from the mesozoic era which was the time of the dinosaura clade, but the carbon in the oil comes from marine deposits of phyto and zooplanktons. - 252-65 Ma.
No actual dinos in fossil fuel. Weird I know. I also know you likely didn’t care to hear any of this, and it was just a figure of speech, but like I said, I’m that guy.
Suddenly an upside to the fact that I was too poor to learn to drive in my 20s. Now in my 30s and still can’t drive so oil prices really don’t matter to me.
Already got rainwater harvesting, could do with solar/battery though as my only alternative for heating is a small wood fire and hot water bottles.
Well, as your spending power decreases because of everything getting more expensive, your mortgage is there relatively more expensive than it used to be.
Even fixed costs are more expensive because your money is worth less and you need more of it.
Fixed costs don’t change, £100 remains £100. As long as Farage doesn’t win with his retard party, minimum wage is very unlikely to drop. It may fall relative to inflation, but that £100 debt repayment will remain £100 as it is fixed there.
Inflation makes debts get smaller too. If we get hyperinflation for a few years I could pay off my 2023 house purchase for the cost of a 2028 chocolate bar.
If you keep your job and don’t lose the house before your income increases to match hyperinflation, yes.
Most people will find themselves unemployed or making monthly enough to buy a chocolate bar for a while.
Has your income been keeping up with inflation the past few years? You think it will keep up with hyperinflation?
Your mortgage is $1,000 a month and you earn $3,000 a month. When hyperinflation occurs, you owe $1,000 a month, food costs $4,000 a month, and you still earn $3,000 a month. Are you certain you won’t be in that position?
Pretty sure minimum wage has been beating inflation for a while in the UK. Hyperinflation was a bit of an extreme example and hopefully won’t happen of course.
Gotta keep up the oil prices so the us can export there expensive fracking oil because our whole society is built on liquid dinosaurs
I’ll be that guy - fun facts time!
Coal comes from the carboniferous period and is really just anoxic transformation of layers and layers of old peat bog covered by sedimentation and transformed by heat, pressure and geologic time ~ 300 Ma.
Oil and gas come from the mesozoic era which was the time of the dinosaura clade, but the carbon in the oil comes from marine deposits of phyto and zooplanktons. - 252-65 Ma.
No actual dinos in fossil fuel. Weird I know. I also know you likely didn’t care to hear any of this, and it was just a figure of speech, but like I said, I’m that guy.
i ve been lyied to my whole life
You could say they are still the dominate species on the planet. They ghosted us for a bit during the Dark Ages, then came back with a vengeance
Suddenly an upside to the fact that I was too poor to learn to drive in my 20s. Now in my 30s and still can’t drive so oil prices really don’t matter to me.
Already got rainwater harvesting, could do with solar/battery though as my only alternative for heating is a small wood fire and hot water bottles.
It matters to you. This will increase all prices in society, due to global trade and just in time supply networks
It won’t increase my mortgage, everything else is pretty cheap in comparison.
Well, as your spending power decreases because of everything getting more expensive, your mortgage is there relatively more expensive than it used to be.
Even fixed costs are more expensive because your money is worth less and you need more of it.
Fixed costs don’t change, £100 remains £100. As long as Farage doesn’t win with his retard party, minimum wage is very unlikely to drop. It may fall relative to inflation, but that £100 debt repayment will remain £100 as it is fixed there.
Inflation makes debts get smaller too. If we get hyperinflation for a few years I could pay off my 2023 house purchase for the cost of a 2028 chocolate bar.
If you keep your job and don’t lose the house before your income increases to match hyperinflation, yes.
Most people will find themselves unemployed or making monthly enough to buy a chocolate bar for a while.
Has your income been keeping up with inflation the past few years? You think it will keep up with hyperinflation?
Your mortgage is $1,000 a month and you earn $3,000 a month. When hyperinflation occurs, you owe $1,000 a month, food costs $4,000 a month, and you still earn $3,000 a month. Are you certain you won’t be in that position?
Pretty sure minimum wage has been beating inflation for a while in the UK. Hyperinflation was a bit of an extreme example and hopefully won’t happen of course.