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Originally Posted by stone hands
We really need more walkable neighborhoods, better transit, better cycling infrastructure to actually enable people to stop being dependent on vehicles for everything. Gas prices are irrelevant if you dont need to drive every day
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And how do you think those goods make it to grocery store? Fuel costs are driving what's called push-cost inflation. Stagflation from the 1970's is the closest comparable that comes to mind in what we are seeing. This really was an inevitable outcome when you look at the decrease in capital spent in the industry as a whole.
There are many places to point fingers: climate change activism forcing restrictions on capital spending, shareholder's push for shareholder returns through dividends and share buy-backs rather than spending on projects, and general regulatory resistance for a number of reasons. The world just seemed to think we could get off fossil fuels over night. It was asinine.