RetroFed Forums

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rimu@piefed.social Joined: 2024-01-04

The latest IEA oil report shows that oil supply remains disrupted but prices haven't exploded too much because the market is absorbing the shock through inventory drawdowns, hopium and demand destruction.

Demand destruction is a fancy way to say less freight, less industrial activity, fewer flights and higher costs for almost everything. Although there are still billions of barrels in storage, the longer the disruption lasts, the more the economy has to shrink to match the oil supply.

Welcome to the nostalgia-filled piefed instance of yesteryear.

Open Registration with Application questionnaire.

If you have a question or comment you can post in !meta@retrofed.com or message @DosDude@retrofed.com or @Die4Ever@retrofed.com

In case of downtime and/or emergency, we will post updates on @DosDude@mastodon.social

Some rules we try to uphold:

Be civil. Bigotry is not welcome. This includes (but is not limited to): transphobia, queerphobia, racism, ageism and ableism. We do not promote hate.
Communities need to be Retro or Retro-adjacent.
Please don't upload pornographic content. (use an external image host for that)