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A comment on It’s mostly a demand shock, not a supply shock, and it’s everywhere. Parent comment

Re:It’s mostly a demand shock, not a supply shock, and it’s ... by Robotbeat on Monday November 08, 2021 @10:22PM (#29157344)
Well if you don’t think we’ve gamed fuel but do think we’ve gamed CPI significantly (ie several percentage points per year for decades), then we have made REMARKABLE progress in reducing fuel costs over the last 40 years, with fuel efficiency improvements on top of that.
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Re:It’s mostly a demand shock, not a supply shock, and it’s ... by clavicat on Monday November 08, 2021 @10:33PM (#29157398)
I don’t doubt that. Oil was expensive in the seventies for geopolitical reasons. Production has since become much more predictable and secure.
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