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Cake day: June 17th, 2023

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  • Supply and demand applies. In the short term, oil usage is fairly inelastic. If supply is squeezed, by Russia not being able to produce, then prices climb. This encourages the building of new plants, or the expansion of old ones due to rising profits. It also encourages affected nations to build plants, to secure their own national requirements.

    To fix things, you need to attack both supply and demand. Demand is helped by reduce the friction with moving away from oil, as well as providing cost competitive alternatives. Supply is helped by forcing the externalised costs back into its pricing. This reduces profitability, and increases the pressure to change away from oil.








  • English wine can actually be quite good. It’s only made in relatively small quantities though.

    Be aware that English (or Welsh) wine is different from “British”. English wine is made with English grapes, and is fairly ‘artisan’. British wine is made from imported grapes, and is generally low price, low quality.

    Why the hell even they would want to sell by the pint is a mystery to me however. Standardisation makes their lives easier, and their costs lower.