Showing posts with label Trump War Inflation. Show all posts

Saturday, March 14, 2026

Subsidiarity Economics 2026. The Times more or less locally, Part 2. The "War, what's it good for?" edition.

February 28, 2025

War, huh, yeah
What is it good for?
Absolutely nothing, uhh
War, huh, yeah
What is it good for?
Absolutely nothing

Edwin Starr. War, 1970.

Oil is at $67.29.

It'll go up over the next several days with the US and Israel ineffectually rocketing Iran, and Iran ineffectually rocketing the entire Arabian Peninsula in a war that's going to get much, much, worse.

War, what's it good for? Well it's good for raising the prices of everything, that's for sure.

A local headline:

Company eyes Wyoming for massive crude oil pipeline

Pipelines create a lot of work while they're being built, although usually the pipeliners are from out of state.

March 3, 2026.

Oil is at $76.08.

Wyoming oil is oddly, still under $58.00/bbl.

March 4, 2026

Obviously everything is going great.

March 6, 2026

Brent Crude: $90/bbl.

March 9, 2026

There is no precedent for this. The sky is the limit.

Neil Atkinson, former head of oil at the International Energy Agency.

Don't worry, the American Supreme Leader has declared that this is a very small price for you schmucks to pay.

I thought we'd already ended the Iranian nuclear threat?

Well, we did, but didn't, the Dear Leader declares. So enjoy your higher price at the pump and remember, no Trumps will be harmed in the war, so it's all okay. That's the important thing.

Wyoming crude is at $75.00/bbl.

In spite of what his admirers seem to think, everything Trump touches, just turns to shit.

Cont:

Wild market today. Oil went up to $119/bbl and has since fallen to $90/bbl, as there's indications the administration might do something. Some financial analysts feel that petroleum may be reaching the "demand destruction" stage.

Cont:

I've worried, and warned, about this:

As previously noted, I assume Iran has sleeper cells. It's surprised me that they haven't activated them, but then, once you do, you probably only get to do it once.

Let's hope they aren't activating anything, or better yet, that they don't have any.

March 11, 2026

Headline in the CST:

Trump’s claim of ‘roaring’ US economy not backed by data

2026 has kicked off with job losses, rising gasoline prices

Sen. Roger Marshall on high gas prices: "Freedom is not free. Americans are gonna have to make some sacrifices."

Quite a statement in support of a war Americans didn't want launched by an oligarch who doesn't even drive.

Petroleum prices are a price leader, if they go up, given as all goods that are moved in this country are moved via a petroleum fueled thing, the price of everything goes up. So does the price of farming, so the price of food goes up.

March 13, 2026

Trump Removes Sanctions on Russia to Help Oil Flow Amid Iran Conflict

Treasury Secretary Scott Bessent said it was “unfortunate” that the move could benefit Russia, but maintained that it was only for the short term.

The Trump administration seems to have no grasp on what it is doing at all.

March 14, 2026

It's not just oil. Here comes Hormuz inflation.
Garden supplies, birthday balloons and semiconductors could get hit by price inflation or shortages.

The gravity of this can't be overemphasized. Crude oil is up 47%, so far. Fuel prices are going to go up. The boneheads running the war hit a fuel loading island yesterday. Fertilizer is going to go up, and food production down.

It's clear Trump thought this war would be over in a few days, even though we know that the Chairman of the Joint Chiefs warned against the war. This is going to go on for months. Prices will continue to climb.

Trump hasn't really been correct on a single thing he's done in his second term so far. This is the shit icing on the shit cake. It's going to be extremely bad.

Last edition:

Subsidiarity Economics 2026. The Times more or less locally, Part 1. The reap what you sow edition.

Thomas More, counsellor of law and statesman of integrity, merry martyr and most human of saints: Pray that, for the glory of God and in the pursuit of His justice, I may be trustworthy with confidences, keen in study, accurate in analysis, correct in conclusion, able in argument, loyal to clients, honest with all, courteous to adversaries, ever attentive to conscience. Sit with me at my desk and listen with me to my clients’ tales. Read with me in my library and stand always beside me so that today I shall not, to win a point, lose my soul. Pray that my family may find in me what yours found in you: friendship and courage, cheerfulness and charity, diligence in duties, counsel in adversity, patience in pain—their good servant, and God’s first. Amen

"Be at peace. Do not look forward in fear to the changes of life; rather look to them with full hope as they arise. God, whose very own you are, will deliver you from out of them. He has kept you hitherto, and He will lead you safely through all things; and when you cannot stand it, God will bury you in his arms. Do not fear what may happen tomorrow; the same everlasting Father who cares for you today will take care of you then and every day. He will either shield you from suffering, or give you unfailing strength to bear it. Be at peace, and put aside all anxious thoughts and imagination." St. Francis de Sales

Lex Anteinternet?

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Our answer to the question was: "The intent of this blog is to try to explore and learn a few things about the practice of law prior to the current era. That is, prior to the internet, prior to easy roads, and the like. How did it work, how regional was it, how did lawyers perceive their roles, and how were they perceived?"

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