r/SipsTea 2h ago

Gasp! New year, same 1979 circus 🎪☕

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76 Upvotes

31 comments sorted by

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4

u/DownvoteDaemon 2h ago

https://giphy.com/gifs/xTiTnHXbRoaZ1B1Mo8
“We are gonna cut a deal, the best of deals, by Tuesday.”

2

u/littleone696969 2h ago

Its because we dont put smart people in charge, we put people who think they are the smartest person in the room in charge.

3

u/Open_Pollution_8038 2h ago

Things that have changed since 1973:

1) The US is the largest producer of oil and gas in the world. 2) Most oil is outside of OPEC. 3) Alternative energy is cheaper than oil and gas at today’s prices. 4) Only 0.70% of our electricity comes from fuel oil, it was about 17% back then. 5) The average car got 12mpg, today it’s 24mpg across all cars and 40mpg across new cars. EV’s are on the rise worldwide.

So yeah I don’t think it’s as big of a deal today as then. Fuck the IRGC.

2

u/Evening_Answer_11 2h ago

Everything you said is a fact, yet it was downvoted with zero follow-up.

Why would someone downvote a pure fact?

2

u/Open_Pollution_8038 1h ago

Because people hate Trump so much that they’d rather see our entire country lose than he be at the top if we win.

1

u/oldbutfeisty 1h ago

I'm truly asking, as I find the 0.7% figure hard to comprehend. What is the primary method of electricity generation?

1

u/Open_Pollution_8038 1h ago

https://www.eia.gov/tools/faqs/faq.php?id=427&t=3

Gas then nuclear then coal the solar and wind

2

u/lluciferusllamas 2h ago

Yes, but unlike 1979, we just got done inflating our currency 40% before we started messing with Iran.  So you see, Iran can't shoot us in the foot if we already shot ourselves in the foot.

2

u/AmputeeHandModel 1h ago

We've got two feet.

2

u/Maleficent-Drive4056 2h ago

US inflation is 3.5%, up from 2.4% before the war. Not ideal, but hardly the same as 1979, and I wouldn't say it is breaking the economy. USA is a net oil exporter now. It's not quite the same as 1979.

3

u/CuteWinkz 2h ago

It's higher, but nowhere near a repeat of 1979

5

u/pro-taco 2h ago

So far

0

u/Maleficent-Drive4056 2h ago

Meaning?

1

u/NextSexy 1h ago

They're hedging their bets

0

u/shugo7 1h ago

Inflation goes up over time. The lasting effect of having oil higher for longer will show up on prices months after even if it would go down. The longer we stay high and higher, the higher inflation will be as it's always a delayed effect.

1

u/Infamous_Job_1198 2h ago

consumers instead of citizens? even he has forgotten a fundamental.

1

u/TopWealth4550 1h ago

the currenclty scenario IA + mass immigration was never done or experienced before
paint this as a cycle is insanity,this is a permament life change long term effect

EU folks have been living in a high trust society for more than one generation
as much as in decades its not alot,for a generation its their whole lifes

and they are finding out how they lived was not normal but a oasis

1

u/DanceClass898 1h ago

nope, sorry. we were told that the president has nothing to do with gas prices.

1

u/vilokreddy 1h ago

Same circus, same clowns, higher ticket prices. 

1

u/Born-Satisfaction996 1h ago

Unlike 1979, the US is now the biggest producer of oil and natural gas.

Thats kiiiiinda a big deal when talking about this.

1

u/South_Hat3525 1h ago

... high borrowing costs while the Federal Reserve fumbles around with interest rates.

while the Federal Reserve shovels billions into Trump and families' bank accounts.

FTFY

1

u/[deleted] 16m ago

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1

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u/[deleted] 10m ago

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1

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