Defense Secretary Pete Hegseth insists “regime change has occurred” in Iran and said that the US is focused on pursuing a deal to end the war.

    • RememberTheApollo_@lemmy.worldOP
      16·
      4 days ago

      Everyone tried to blame Biden for the spike. Wasn’t his fault that we had the worldwide whiplash in demand for fuel once Covid started to clear.

      We all said rightly that the president doesn’t control gas prices, at least those of us who had half a clue how economics worked did.

      I guess we were only partly right.

      Because when you bomb a country that controls a passageway for 20%+ of the world’s oil and LNG placing oil shipments in a chokehold, you sure as hell affect gas prices.

      • nova_ad_vitum@lemmy.ca
        6·
        4 days ago

        We all said rightly that the president doesn’t control gas prices, at least those of us who had half a clue how economics worked did.

        The logic is mostly sound because president’s don’t have a magic dial to control oil prices. But the logic also has sane decision making baked into it - president’s consider the effects that their actions will have on the price of oil and don’t do shit like this that will definitely increase it. Since that sanity no longer holds , the logic no longer holds .