HobbitFoot

HobbitFoot t1_ixyfgny wrote

The West here isn't a blanket term.

If any Western country wants normalization soon, it will be Germany. The country runs on Russian energy and makes a lot of money exporting to Russian markets.

France seems apprehensive, mainly because ditching Russian energy may mean a complete rethink of its internal energy economy in a way to make it more open with the rest of the continent.

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HobbitFoot t1_ixck7rv wrote

They need to replace the whole viaduct from Exit 14 to the Holland Tunnel. Since they are replacing the entire viaduct, they are looking at potential demand including from Hudson County. That is why the cost is so high. It is being discussed in the media as a widening only while this is both a widening and replacement. It will still cost a lot of money to replace the viaduct even if they don't add any extra lanes or shoulders.

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HobbitFoot t1_iu0e00p wrote

That isn't how profit margins work in resource extraction.

Some sites have a low extraction cost, like Saudi Arabia, while other sites have a high extraction cost like Alberta. The cost of oil has little to do with the cost of extracting that oil.

So, when the price is low, it is economically viable for Saudi Arabia to pump while it isn't for Alberta. This is what restricts the supply. When the price is high, it is economically viable for both areas to pump, increasing supply. However, Saudi Arabia makes more money per gallon when the price is higher than when the price is low.

Substitution goods, like renewable energy, take years to build out. So, when you have an oil shock like now, it takes a while to stabilize. You may also have a case where the subscription good costs more.

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