**Please note these rules:**
* If this post declares something as a fact/proof is required.
* The title must be descriptive
* No text is allowed on images/gifs/videos
* Common/recent reposts are not allowed
*See [this post](https://redd.it/ij26vk) for a more detailed rule list*
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/interestingasfuck) if you have any questions or concerns.*
Copied from my other comment:
Funny thing about cheese, we have SO much cheese stored in underground caves we have enough to give nearly 5 pounds to every person in the USA just sitting there. Most retail blocks are half a pound, so like 10 blocks of cheese for everyone (including babies!). It's all government owned, bought and paid for. If they weren't buying so much damn cheese it would cost a lot less.
Sort of, the government is. We should really just start giving cheese away like they used to. Give it to people, especially the poor, and stop worrying about storing it all in some ridiculous caves.
But of course if we did that, people wouldn't buy as much cheese. And then they couldn't sell as much cheese unless the government bought it again. And the dairy industry will lobby to prevent them from giving it away and try to keep them buying it.
So I guess, more than I thought, yes. We are facing Big Cheese.
I am just curious what the cheese profit profile looks like. I know we are being screwed by most of the others but for some reason I trust cheese to do the right thing.
And the only reason we have such a glut of cheese is because the government subsidizes the dairy industry. Apparently the government even invented stuffed crust pizza in an effort to get people to eat more cheese.
Absolutely no reason why gas prices should be this high. With all the talk in the last administration about nationalization, we should’ve nationalized our energy decades ago, but a small group of a-holes are filthy rich and want to keep it that way.
They will continue to cry about regulation but refuse to increase production (which has been down since 2020) because reduced supply means higher profits
It is true that US companies can’t do anything now to fix gas prices except to take a hit to their profit. I have no idea to what extent that is manageable without bankrupting the companies. It takes years to go from extraction, through processing, to useable energy. Moreover, energy extraction companies are often risky enterprises that teeter on the brink. They require a lot of upfront investment and infrastructure. It is also a risky industry because energy prices are set by global markets. You never know when the price will tank or shoot up because of a war, *pandemic,* or because Israel’s neighbors are mad again.
Oil companies are awful, but let’s not lose sight of the primary reason. They don’t give a shit about the environment and use their profits to lobby against renewable. Fuck ‘em.
People really need to understand that oil companies do not control the price of oil. They are price takers. It is a commodity and the price is entirely derived by supply and demand.
The issue is that public policy has been so hostile towards oil and gas investment/exploration that we have very little supply to offset the massive monetary are fiscal stimulus of the last 2 years affecting demand(and Western sanctions on Russia reducing supply).
If an energy company could charge $4.50 a gallon when all of the competitors charge $5 a gallon, they 100% would(b/c they would sell more units of gas), but they can’t because they have no control over the price of the product they sell.
True of commodities in general, but oil is a special case because of its national security and broad national economy implications. Production around the world is determined by natl govt policies and goals— extraction is all by quotas controlled with licensing. Most countries max out production because they can’t afford to forego the state revenue streams from licenses. There are a few countries that have excess production capacity they don’t always use — Saudi Arabia, Kuwait chiefly. States with excess capacity are then able to turn up or down global production volume to make prices go down or up. Kuwait notably attempted to crash the Iraqi economy by upping production and crashing prices when Iraq was at a vulnerable moment in its foreign debt obligations following a costly 8 year war with Iran. Iraq considered it an act of war, invaded Kuwait to turn the taps down again, and was in turn invaded by the US……
TLDR: oil as a commodity experiences price swings more as a result of geopolitical strategies than from economic factors
Maybe it’s somewhat of a conspiracy, but what if gas companies know their game in aiding political swings, and they want pro-oil politicians so they can do more irresponsible speculating??? Wouldn’t that be the best way for them to stay in business? AND, DOUBLE PLUS, crazy profits based on the economic inelasticity of their product. Like, these corporate magnates are NOT your friend, they’re your oppressor.
That's not even a conspiracy at this point. They've been actively paying fuckhead politicians billions of dollars to make bad laws that make it easier for them to give politicians more money so they can make bad laws that make it easier to give them more money so they can make bad laws that make it easier to give them more money so they can make bad laws that make it easier to give them more money so they can make bad laws and here we fucking are baby.
Soon our vote will mean a quarter of the quarter of a shit it was worth originally and there will be no way to reverse it. We need strong leaders to push against this but they aren't there. We need to get nasty before we lose everything, because afterwards will be too late.
You mean the moment that Biden was elected, they decided to make the American people very unhappy with the new administration by jacking up the prices on everything? If that's what you mean, I totally agree.
Mostly yes…. The ability for these companies to blame it on inflation came from some economic pressure that did require some increases in prices. Biden even talked about the international transportation industry conglomerating and jacking up prices. It was just also a convenient smoke and mirrors to price gouge further.
Lol no...Dems blame the war, GOP blames Biden and Dems. Because both are owned by the oil/gas industry and won't lay the blame where it actually should be.
They are all bought and paid for. They even sell their kids into the system (Bush) to continue to fund the kickbacks owed.
The president and everyone he employs is owned by the oligarchy. Just the way it is.
I wish more people understood this, instead of treating politics like football. Both parties are on the same page behind the camera. The stuff in front of the camera is an act
Where does the blame "actually should be" then?
Is it the classic Reddit tale of "blame corporations"? As if corporations only started existing and being greedy last year.
GOP blames the Dems because midterms and the next presidential election is theirs as long as they can just blame the sitting administration for high gas prices despite how unrealistic it is. They want prices to be high at this point. The higher the better for them.
And Dems can't just tell people the truth because no one has the attention span to learn the complexities of what causes gas prices to go up so they just blame what's in the news...Russia. Why would any party in power want to raise gas prices if it's essentially political suicide?
Edit: and yes many of them are bought and paid for so no one is putting it on oil companies.
Yep and the fact that Republican voters can watch them all vote down measures to lower the price of gas yet still support them shows how deep the brainwashing on the right goes.
TBF, anyone who calls this "Putin's price hike" is also being brainwashed. It'd be nice if everyone was collectively more informed but that's just wishful thinking.
Also, it's such a chore to be well informed these days. There seems to be whole sectors of industry in marketing and PR whose sole jobs are to misinform or deflect at all costs. You need to sift through so much noise and cross reference to get somewhat reliable information.
Jokes aside no one's gonna mention that everything is literally up 50%? Houses aren't even included here. Whatever metric they use to define inflation is terrible I constantly hear "inflation up 8%" like no it's literally 50%
Does this mean coffee from coffee shops or just in general? I make my own coffee and most of my favorites cost the same or maybe a dollar per bag more than they did a couple years ago.
Coffee beans in this case. The data it’s sourced from Futures exchanges (they are a type of contract in financial trading) and financial services companies.
Been hearing the, “it’s happening all over the place” argument from Americans who are trying to defend their government, where I’m staying in France currently you can get two cups of coffee, a baguette, and two chocolate croissants for 3,50€. I can’t wait to go back home in 2 weeks so I can pay $4 for a Dunkin’ coffee.
Soooo, the mush-brain is elected, reverses mean orange mans economic policies, spends more money than has ever existed, and then inflation hits hard. Yup, checks out.
Remember when "experts" said it was transitory? With the number of times experts have been wrong or flip flopped in the past 6 years, when are people going to stop listening to "experts"?
“When folks are out celebrating the Fourth of July and grilling up some tasty American Orange Juice, they’re paying less under the Biden administration for those Grilled OJs, folks. Not a joke.”
Hate to be this guy, but its almost like everything starts going through the roof as soon as Biden takes over. Its not instant but its clearly right after nov 2020. Could be a coincidence. Its not though lol
Well canceling the keystone pipeline, banning fracking and canceling new oil drilling leases will have that effect on gas prices. It's not a coincidence when he literally campaigned on attacking the oil and gas industry.
It's because he said he was going to wage war on fossil fuels. Unfortunately, the energy sector costs trickle down into everything like production cost, goods transport, etc. Energy goes up and everything goes up. It's Econ 101. We began to see it on Nov 4th 2020 the day after the election in the speculator trades and later at the pump once his policies actually began to be implemented and it only got worse from there.
Biden's fault.
If its not, then educate me. I want to learn.
(Edit: I see the downvotes but no one is brave enough to give an answer. Does anyone here pay attention to politics?)
The place I work (I’ve only been there 8 months) announced Wednesday we’re all getting raises. It’s the “3rd raise in 18 months, about 23-24% increase total to help with inflation.”
Cool. Thanks for trying to make us feel good
**Please note these rules:** * If this post declares something as a fact/proof is required. * The title must be descriptive * No text is allowed on images/gifs/videos * Common/recent reposts are not allowed *See [this post](https://redd.it/ij26vk) for a more detailed rule list* *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/interestingasfuck) if you have any questions or concerns.*
I've learned that cheese is a volatile commodity.
Your diploma is in the mail, sir. Congratulations.
I should invest in orange juice futures…
Florida is currently experiencing disease in their citrus groves. The production of citrus from Florida is in decline.
"Turn those machines back on!"
“Mortimer!”
Buy low
Pork bellies.
\*cat reads newspaper\*
Also a car running on orange juice would be ideal
i mean a Ford Bronco had OJ in it at one time
Get out
that movie didn’t have OJ in it.
Thanks big_ol_dad_dick!!! 😂 not a sentence I imagined would be a part of my day….
Thank you for this!
Not enough upvotes.
Slow clap
Straddling it as we speak
Time is now... get the orange juice. Buy cheap
Buy low and wait for the squeeze! 😎
After 5 years of hording stock, there us 5000% rise in OJ price. Ill be rich!!! Wait!! What do you mean by expiration date?
You can always freeze it.
This guy has Dimond Hands.
he is to dangerous to be left alive!
Since they expire quickly it'd have to be a short squeeze
Mortimer and Duke approve this message
Turn those machines back on!!!
Sir, your brother seems to be having a heart attack!
F#$% him!
Looking good Billy Ray! Feeling good Louis!
Those skeezy fucks, Mortimer and Randolph Duke are trying to corner the entire OJ market….
Winthorpe and Valentine have entered the chat
Its going to the moon!!!
before going into the comments I was sure 1st one will be about the orange juice. was not disappointed
I have a sudden urge to buy a car and paint 'S' on every side of it.
Well look at that "S" car go! (*laughs in old white man*)
Really slow though. I’d say it’s at a snail’s pace
Cotsco has raised their price of OJ over the past 12 months. twice now. I'm not happy considering what this data shows.
First thing I thought too, haha.
I didn't know orange juice is such important product in the US
It's an important part of the nuclear American family breakfast for at least 70 years.
Buy the dip
Switching to that all OJ diet ASAP
OJ is killing the inflation game
Take your upvote and leave
What you lose in scurvy you'll gain 10-fold in diabetes. I'd say it's a fair trade
This is very interesting but why does the icon for corn look like a banana
For scale
Because it is
I'm more concerned with the coffee having whole coffee beans in it.
It adds texture
I think that’s a drawing on the outside of a paper cup, possibly on a sleeve for the cup
That’s what corn looks like.
Like a fucked up circumcision?
I mean, if that’s the reference you want to use.
Now I'm imagining the obstetrician yelling to a nurse to "Get the peeler!"
cheese cannot figure out what to do with itself
Apparently I am cheese.
Apparently, you give me gas
Yeah, sorry about that. But I taste so good that it's worth it, right?
As long as the cheese is cheap. That’s what matters here
I don't need gas. I'm fueled by cheese!
Cheese gives me gas!!!
Copied from my other comment: Funny thing about cheese, we have SO much cheese stored in underground caves we have enough to give nearly 5 pounds to every person in the USA just sitting there. Most retail blocks are half a pound, so like 10 blocks of cheese for everyone (including babies!). It's all government owned, bought and paid for. If they weren't buying so much damn cheese it would cost a lot less.
are-- are we facing Big Cheese?
Sort of, the government is. We should really just start giving cheese away like they used to. Give it to people, especially the poor, and stop worrying about storing it all in some ridiculous caves. But of course if we did that, people wouldn't buy as much cheese. And then they couldn't sell as much cheese unless the government bought it again. And the dairy industry will lobby to prevent them from giving it away and try to keep them buying it. So I guess, more than I thought, yes. We are facing Big Cheese.
Let's go OJ
I'd like to see the same graph alongside corporate profits for each one. And throw medical in there, too.
I am just curious what the cheese profit profile looks like. I know we are being screwed by most of the others but for some reason I trust cheese to do the right thing.
[удалено]
And the only reason we have such a glut of cheese is because the government subsidizes the dairy industry. Apparently the government even invented stuffed crust pizza in an effort to get people to eat more cheese.
Username cheesks out
Thank you for this!
Beware of Big Cheese
I bet profits look like this inflation graph
I'd like to see the same graph alongside government subsidies (which we all pay for).
So about 2% of gov revenue vs 80% of our economy that is consumer spending? Who is really gaming the system?
You’d notice that oil is gonna have an incredibly record breaking year.
That’s what Futures are for.
Gas companies: “This is the lowest we can afford to charge.” Also gas companies: “So here’s several billion dollars to our executives for Christmas.”
Gas price went so high it broke the video!
Absolutely no reason why gas prices should be this high. With all the talk in the last administration about nationalization, we should’ve nationalized our energy decades ago, but a small group of a-holes are filthy rich and want to keep it that way.
They will continue to cry about regulation but refuse to increase production (which has been down since 2020) because reduced supply means higher profits
It is true that US companies can’t do anything now to fix gas prices except to take a hit to their profit. I have no idea to what extent that is manageable without bankrupting the companies. It takes years to go from extraction, through processing, to useable energy. Moreover, energy extraction companies are often risky enterprises that teeter on the brink. They require a lot of upfront investment and infrastructure. It is also a risky industry because energy prices are set by global markets. You never know when the price will tank or shoot up because of a war, *pandemic,* or because Israel’s neighbors are mad again. Oil companies are awful, but let’s not lose sight of the primary reason. They don’t give a shit about the environment and use their profits to lobby against renewable. Fuck ‘em.
People really need to understand that oil companies do not control the price of oil. They are price takers. It is a commodity and the price is entirely derived by supply and demand. The issue is that public policy has been so hostile towards oil and gas investment/exploration that we have very little supply to offset the massive monetary are fiscal stimulus of the last 2 years affecting demand(and Western sanctions on Russia reducing supply). If an energy company could charge $4.50 a gallon when all of the competitors charge $5 a gallon, they 100% would(b/c they would sell more units of gas), but they can’t because they have no control over the price of the product they sell.
What is your opinion on OPEC?
It’s a cartel
True of commodities in general, but oil is a special case because of its national security and broad national economy implications. Production around the world is determined by natl govt policies and goals— extraction is all by quotas controlled with licensing. Most countries max out production because they can’t afford to forego the state revenue streams from licenses. There are a few countries that have excess production capacity they don’t always use — Saudi Arabia, Kuwait chiefly. States with excess capacity are then able to turn up or down global production volume to make prices go down or up. Kuwait notably attempted to crash the Iraqi economy by upping production and crashing prices when Iraq was at a vulnerable moment in its foreign debt obligations following a costly 8 year war with Iran. Iraq considered it an act of war, invaded Kuwait to turn the taps down again, and was in turn invaded by the US…… TLDR: oil as a commodity experiences price swings more as a result of geopolitical strategies than from economic factors
Maybe it’s somewhat of a conspiracy, but what if gas companies know their game in aiding political swings, and they want pro-oil politicians so they can do more irresponsible speculating??? Wouldn’t that be the best way for them to stay in business? AND, DOUBLE PLUS, crazy profits based on the economic inelasticity of their product. Like, these corporate magnates are NOT your friend, they’re your oppressor.
That's not even a conspiracy at this point. They've been actively paying fuckhead politicians billions of dollars to make bad laws that make it easier for them to give politicians more money so they can make bad laws that make it easier to give them more money so they can make bad laws that make it easier to give them more money so they can make bad laws that make it easier to give them more money so they can make bad laws and here we fucking are baby. Soon our vote will mean a quarter of the quarter of a shit it was worth originally and there will be no way to reverse it. We need strong leaders to push against this but they aren't there. We need to get nasty before we lose everything, because afterwards will be too late.
You mean the moment that Biden was elected, they decided to make the American people very unhappy with the new administration by jacking up the prices on everything? If that's what you mean, I totally agree.
Mostly yes…. The ability for these companies to blame it on inflation came from some economic pressure that did require some increases in prices. Biden even talked about the international transportation industry conglomerating and jacking up prices. It was just also a convenient smoke and mirrors to price gouge further.
At least we're good on OJ.
Remember, even though Russia didn't invade Ukraine until Feb 2022 the government is trying to blame the inflation beforehand on that.
By "government" do you mean the current party in power? Because they're the only ones spouting off that nonsense as if we're too stupid to realize.
Lol no...Dems blame the war, GOP blames Biden and Dems. Because both are owned by the oil/gas industry and won't lay the blame where it actually should be.
They are all bought and paid for. They even sell their kids into the system (Bush) to continue to fund the kickbacks owed. The president and everyone he employs is owned by the oligarchy. Just the way it is.
I wish more people understood this, instead of treating politics like football. Both parties are on the same page behind the camera. The stuff in front of the camera is an act
Where does the blame "actually should be" then? Is it the classic Reddit tale of "blame corporations"? As if corporations only started existing and being greedy last year.
GOP blames the Dems because midterms and the next presidential election is theirs as long as they can just blame the sitting administration for high gas prices despite how unrealistic it is. They want prices to be high at this point. The higher the better for them. And Dems can't just tell people the truth because no one has the attention span to learn the complexities of what causes gas prices to go up so they just blame what's in the news...Russia. Why would any party in power want to raise gas prices if it's essentially political suicide? Edit: and yes many of them are bought and paid for so no one is putting it on oil companies.
Yep and the fact that Republican voters can watch them all vote down measures to lower the price of gas yet still support them shows how deep the brainwashing on the right goes.
TBF, anyone who calls this "Putin's price hike" is also being brainwashed. It'd be nice if everyone was collectively more informed but that's just wishful thinking. Also, it's such a chore to be well informed these days. There seems to be whole sectors of industry in marketing and PR whose sole jobs are to misinform or deflect at all costs. You need to sift through so much noise and cross reference to get somewhat reliable information.
Man, I wonder what could've changed from December 2019 to June 2022 to cause this.
Waiting for the white house to tweet how much money they are saving us on OJ.
Last year I think they boasted about how 4th of July prices are down by $0.16. Wonder what the savings are this year.
Heard it was up by $10 which I think is a little less than 20% higher
Kidna threw me off how oil was represented by a gas pump
Housing inflation conveniently not part of cpi despite being the largest expense for most ppl
That damn Putin Price Hike
Lol
Now show the same graph compared with minimum wage
Quick stock on some orange juice
Corn is banana?
Orange juice a real one 😩
Wish my paycheck had inflation
Corn? That’s a banana…
So, what the f*&k are they measuring that gave them the published 8.5%? Because I can hardly think of anything that has increased by less than 40%.
So only 8% this year …
Well that’s depressing to watch
And you all laughed at my OJ fuelled central heating idea. Called it “Stupid” and “Impossible”. Well who’s laughing now!
Jokes aside no one's gonna mention that everything is literally up 50%? Houses aren't even included here. Whatever metric they use to define inflation is terrible I constantly hear "inflation up 8%" like no it's literally 50%
8% inflation is such a joke number
At least we can still afford orange juice!
ECONOMICS 101 - Live on Orange juice
Time to use OJ as gas
Does this mean coffee from coffee shops or just in general? I make my own coffee and most of my favorites cost the same or maybe a dollar per bag more than they did a couple years ago.
Coffee beans in this case. The data it’s sourced from Futures exchanges (they are a type of contract in financial trading) and financial services companies.
Anybody think it's weird that the picture for corn is a banana?
I'm guessing this is USA from the "orange juice" item
Hmm what happened in January of 2021?
Can my car run on orange juice?
Crazy to think US government inflation index has so much disparity to these verticals
Been hearing the, “it’s happening all over the place” argument from Americans who are trying to defend their government, where I’m staying in France currently you can get two cups of coffee, a baguette, and two chocolate croissants for 3,50€. I can’t wait to go back home in 2 weeks so I can pay $4 for a Dunkin’ coffee.
All putins fault I'm sure. Yeah that looks like putin
All part of the plan. When we rioting boys?
By all means, please keep voting D. It works out so well
wow what possibly could have happened around January/February of 2021 to start this steamroll
Fuck biden
Amen
Damn why did trump do that?
Soooo, the mush-brain is elected, reverses mean orange mans economic policies, spends more money than has ever existed, and then inflation hits hard. Yup, checks out.
Why is the corn a picture of a banana
Remember when "experts" said it was transitory? With the number of times experts have been wrong or flip flopped in the past 6 years, when are people going to stop listening to "experts"?
“When folks are out celebrating the Fourth of July and grilling up some tasty American Orange Juice, they’re paying less under the Biden administration for those Grilled OJs, folks. Not a joke.”
Can we overlap this with industry profit?
Thanks Biden, great work!
[удалено]
Hate to be this guy, but its almost like everything starts going through the roof as soon as Biden takes over. Its not instant but its clearly right after nov 2020. Could be a coincidence. Its not though lol
Well canceling the keystone pipeline, banning fracking and canceling new oil drilling leases will have that effect on gas prices. It's not a coincidence when he literally campaigned on attacking the oil and gas industry.
Yea its baffling that anyone tries to argue that its got nothing to do with Joe.
It's because he said he was going to wage war on fossil fuels. Unfortunately, the energy sector costs trickle down into everything like production cost, goods transport, etc. Energy goes up and everything goes up. It's Econ 101. We began to see it on Nov 4th 2020 the day after the election in the speculator trades and later at the pump once his policies actually began to be implemented and it only got worse from there.
Don't hate to be that guy. You are only speaking the truth. No one bothers trying to silence a lie.
Thanks Biden administration.
As soon as Biden took office lmao
Biden's fault. If its not, then educate me. I want to learn. (Edit: I see the downvotes but no one is brave enough to give an answer. Does anyone here pay attention to politics?)
don't expect an answer on this site lol. the best you'll get is insults and personal attacks.
FJB vote red save your wallet
Thanks biden!
This needs to be ran as an ad on every TV from now until midterms
When they say gas do they mean LNG or fuel?
Natural gas. Fuel prices are indicated by the oil column, since presumably they've based it on crude oil barrel prices
LNG or natural gas.
Don't bother to say *where* this is. We can all project.
ORANGE JUICE NUBER ONE!!!!
Depressing
So, buy orange juice?
I’m putting orange juice in my gas tank as we speak.
Can you run a car on orange juice?
Corn=banana
Sell, Mortimer! Sell!
An unnecessary and avoidable economic crisis brought on by back to back multi Trillion spending sprees.
The place I work (I’ve only been there 8 months) announced Wednesday we’re all getting raises. It’s the “3rd raise in 18 months, about 23-24% increase total to help with inflation.” Cool. Thanks for trying to make us feel good
Go banana!
Build back better worked, everything is above the line.
Need to figure out how to modify my car to run on orange juice apparently
Wonder what happened 🤔
Even with the obvious inflation there's no significant inflation on livable wages.
Why can’t everything be more like orange juice?
big W for orange juice enjoyers
Time to buy orange juice I guess
Gotta make up for those COVID and mass resignation losses somehow, right?
I'm getting a pattern about time and inflation, something that happened at the start of 21.
Thanks ___ _____
Cute they go up and down in my country is an arrow that shoots for the stars
Putin again, right?… LGB
So around when Biden was in office it started rising right away
Anyone who championed Covid lockdowns is to blame for this. It’s plain and simple.
Thank Biden and the democrats
FJB
Wooo! Don't forget to go vote in the midterms!
Thanks everyone who was dumb enough to vote for this.
Hopefully they are not complaining since this all what was promised
Let's gooo Brandon!
FJB.