The factoid thrown around is that roughly 20% of the world’s oil supply travels through the Strait of Hormuz. Since it closed, my local gas prices in one area of the US midwest have gone from $2.60 to now $4.10 presumably as reserves have been used up.
I could understand a 20~30% increase in price to correlate with the reduction in supply, but what are the economic factors that lead to what feels like such a disproportionate increase?
It’s a contrived example.
This isn’t hard to understand
Its an apologists answer. Keep towing their line trying to reform them and maybe they wont hit you again.
Yes exactly. Replace the life jackets with Pokémon cards and the moral dilemma goes away. Cruise ships are required to carry enough life jackets and to give them to the passengers for free in an emergency. If someone is selling life jackets on a sinking ship then society’s rules have broken down, and it wouldn’t be surprising for people to get violent as they struggle to survive.
If I’m on a sinking ship, I don’t think I’m really going to be caring about Pokémon cards.
No, of course not. But that’s not a very charitable take, is it? Obviously the sinking ship situation goes away with the life jackets and the setting for buying the Pokémon cards is more typical, like a convention or a hobby store.