Pakistan Space Agency
Elite Member
You're correct. Looking at the graph, it was significantly low in 2023 and 2024.
US Economy - News, Updates and Discussion
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j_hungary
Professional
I don't know how much you know about the economy.
First of all, the elephant in the room is that Spirit's collapse is directly attributed to High gas prices; namely, if the war does not happen, it probably will not collapse. There may be other things that contribute to its demise; it could have been bad management, bad capital flow, reduced ridership, but the direct cause is the high jet fuel price. This is like I am a 65-year-old fat guy, I have Cholesterol up to 130, I am a walking timebomb and can crook any minutes, if I get hit by a car and died, that's my direct cause of death, sure, I may not be able to live for another 2 to 3 years, but that does not mean the car crash did not kill me because I am going to die anyway.
Secondly, JetBlue won't save them, seeing that they fly basically the same destinations as Spirit. In a business merger, you sometimes merge to get a better market, you sometimes merge to get a better cashflow, and you sometimes merge to increase operational requirment (like how Facebook acquire Instagram to open to the line of social media) In JetBlue/Spirit case, this is a hostile merger, JetBlue is not merging with Spirit to save it, it merge with Spirit to force it out of business, because they are literally running the same business, and as a market competitior, and there are only 3 LCC (discounting Allegiant because it's of low market cap, and it does not really do communter travel) in the US, JetBlue, Frontier and Spirit, for JetBlue to merge with Spirit, it basically take over the entire LCC market (which had 54% of US air travel according to Statista) for JetBlue to merge with Spirit, the only things that does is that they will cease operation then, there are no way JetBlue will cover the resource of Spirit had they went ahead again, because they both flew the same destination. All you do is basically make it collapse in November 2024 instead of May 2026
The problem, again, is how many people are negatively affected by this, versus how many people are benefitted from this. How many people do you know that are getting better because of what Trump put us through in Iran? I am a middle-income background, a factory owner, and a farmer. I know roughly 2000 people in the US none of them say they are better off now, and a bunch of those people are farmer, so you know they voted for Trump, I know a bunch of factory owner and worker who are suffering from this due to high fuel price, I myself suffer from this, due to high fuel price, and for Farmer, they are even worse off, you first losing those contract of Soybean and Maze to China because of the tariff, and then now you are talking about planting season in the US with 3 times the fuel cost, and if Farmer suffer, where do you think their food they grow goes to?
It's a wide sentiment that people are A LOT worse off than it was before, I don't know anyone that are in the middle to high income bracket that are better off than it was before. And I am not talking about before 2025, I was talking about before Feb 2026. You may know a few billionaires, I don't know, but if you ask around, you will know this war is making people pay a hefty price for literally no reason at all.
Bringing in NAFTA and USMCA or whatever treaty to highlight the downside of Globalism does not negate the negative BS effect of elitism we are suffering now. I mean, are you better off now than you were before Feb 2026? I don't care about what happened in 1994 or 2017; I don't live in 1994 or 2017; I live in the time period of now.
So, your solution is to bomb the crap out of these people because they have a national directive to pledge death to America? Dude, do you know how many countries out there hate us? Do you know how many countries out there want to see us go? Should we go invade and bomb them all?
This is just like Trolling, the only way you deal with trolling is to ignore them, they can chant death to America for all I care, I care about whether or not I will survive if I go back and live in the US, sure, if you attack us, that's over the line, but as I said, the world is not just having the biggest dick win.
AZ_HighCountry
INT'L MOD
Later today my timezone, I'll post some updated economic data. In spite of what some here are saying, the picture is not as rosy as they've been lulled to believe.
F-22Raptor
Elite Member
The shale boom and wars in Ukraine and Iran have transformed the U.S. into a global energy powerhouse
The shale-drilling boom that began two decades ago not only flooded U.S. markets with oil and gas, it transformed the country into the world’s largest energy exporter.
From crude oil and liquefied natural gas, or LNG, to other products such as propane and wood pellets, the flow of fuel from U.S. ports has put a big dent in the national trade deficit and helped to stabilize overseas markets during war and other periods of scarcity.
The war in Iran is the latest disruption. About 20% of the world’s supply of oil and roughly the same portion of its LNG have been cut off at the Strait of Hormuz, leading import-dependent countries to seek alternatives. Many are turning to the U.S., where an unusually large armada of tankers are headed to fill up.
Energy-industry analysts expect export volumes—already at or near records for various products—to notch new highs. “The question arises as to how long the U.S. can maintain this high pace of exports without jeopardizing its own security of supply,” Commerzbank analyst Norman Liebkewrote in a note to clients.
One limiting factor will be the availability of export infrastructure, such as the multibillion-dollar terminals that chill natural gas to minus 260 degrees Fahrenheit to make it a liquid suitable for ocean transport.
Natural gas
LNG shipments from the Lower 48 states began in 2016 from a Louisiana terminal initially built to receive imported gas. Because gas compresses when cooled, large LNG tankers can hold enough energy to power 70,000 homes for a year.Within two years, in 2018, U.S. LNG export volumes had more than quintupled, exceeding a trillion cubic feet. The biggest buyers then were South Korea, Japan and Mexico.
Russia’s 2022 invasion of Ukraine shook energy markets and redrew trade routes. Europe shed Russian gas and countries including France, the U.K., Spain and the Netherlands bid up prices for LNG cargoes to draw them away from Asia.
U.S. export capacity has since ballooned. The U.S. shipped more than 5 trillion cubic feet of LNG abroad last year, still feeding Europe and the Far East while gaining market share in Turkey and Egypt.
U.S. output, which grew again in recent weeks with the opening of the Golden Pass LNG terminal on the Texas coast, has helped keep global prices much steadier than in 2022, despite the Hormuz closure.
South Korea, Spain, Italy and France each bought at least 50% more U.S. LNG in March than they did in February before fighting broke out in the Persian Gulf, according to LSEG.
Crude oil
Infrastructure spending has facilitated record U.S. oil exports, too. The Port of Corpus Christi, the outlet for the prolific Permian Basin oil fields, finished a $625 million expansion last year to deepen and widen its ship channel to handle two-way traffic of fully loaded tankers.The war resulted in a record month of shipments at the Texas port in March and drove U.S. crude exports, which were prohibited before 2015, to new highs in April.
Propane and other petroleum products
The U.S. is also a net exporter of refined products, including gasoline, diesel and jet fuel, shipments of which soared to a record last month amid a global shortage. But the most abundant petroleum-product export by far is propane.Most Americans know propane as the bottled fuel that they use to grill meat during summer barbecues or take on camping trips. But around the world it is used to make plastics, heat households, power equipment such as forklifts and in some places even fuel automobiles.
Easily bottled, propane was the first bounty from the shale boom to flood into overseas markets, especially in Asia. The U.S. quickly overtook other energy exporters to become the world’s dominant supplier, accounting for more than 40% of the global export market.
Pakistan Space Agency
Elite Member
Why add the word "Greatest" in the title? What's so great about it?
VCheng
THINK TANK: CONSULTANT
The title is according to the source linked per PDF rules.
Davey Crockett
Elite Member
AZ_HighCountry
INT'L MOD
Beat me to it. Yup, this is significant and those who chose to ignore it are fooling themselves.
AZ_HighCountry
INT'L MOD
Was watching the news during the 1st intermission of the Colorado-Minnesota hockey game. Key highlights:
- grocery store prices for April rose 2.9% year on year. This is significant because in March, prices had dropped by 0.2%. Key contributors to the increase include the war with Iran and spike in fuel prices. Tariffs on imported produce factor in as well.
- on an annualized basis, fresh vegetables at 44% higher than they were 3 months ago.
- bread and milk have risen by 8% and 5% over the same time period
Again, for those who want to deny reality, this war is having a very real impact.
Depending on which source you use, gasoline is up between 28% and 44% from this time a year ago. It's great that the US is now a net energy exporter.
Airfares are up 2.8% in April from what they were in March. The increase driven by the rising cost of jet fuel. This increase is also in line with the surcharges that were tacked on to my (former) employer for airfreight shipments.
Real average hourly wages in the manufacturing sector have fallen by 0.5% while the cost of manufactured goods is up.
The chart below is a sample of what is happening across the broader markets:
- grocery store prices for April rose 2.9% year on year. This is significant because in March, prices had dropped by 0.2%. Key contributors to the increase include the war with Iran and spike in fuel prices. Tariffs on imported produce factor in as well.
- on an annualized basis, fresh vegetables at 44% higher than they were 3 months ago.
- bread and milk have risen by 8% and 5% over the same time period
Again, for those who want to deny reality, this war is having a very real impact.
Depending on which source you use, gasoline is up between 28% and 44% from this time a year ago. It's great that the US is now a net energy exporter.
Airfares are up 2.8% in April from what they were in March. The increase driven by the rising cost of jet fuel. This increase is also in line with the surcharges that were tacked on to my (former) employer for airfreight shipments.
Real average hourly wages in the manufacturing sector have fallen by 0.5% while the cost of manufactured goods is up.
The chart below is a sample of what is happening across the broader markets:
F-22Raptor
Elite Member
Pretty incredible and SpaceX, OpenAI, and Anthropic will likely add another $3-4T later this year after their IPOs
AZ_HighCountry
INT'L MOD
That reminds me, I do need to follow up with some relevant data that puts holes in the theory "things are fine".
gambit
Professional
The highER fuel cost was the final nail in Spirit's coffin. Whether Spirit's collapse was inevitable or not was speculative, and I will grant you that. But if Spirit got all those problems, then maybe we should look at those problems rather than higher fuel costs which affects all airlines.
Yes, I am. The AI expansion is making the semicon industry going into overtime. Have you checked the consumer level PC components' prices lately?
No. Just the ones who maybe on the cusp of reaching nuclear weapons state status.
Personally...
I do not support the current US war against Iran. I believe there are better alternatives. That said. I will NOT say that if I was in Trump's shoes, I would do A, B, C, etc...Because if I was in Dump's shoes, I would do the exact things. Putting one's self in someone's virtual shoes is among the stupidest arguments in the world because if I am in his position, I would be facing the same constraints and/or options that resulted in the original decision in the first place. If I was in Clump's shoes, I would have the same intellect, character, moral foundation, and weaknesses as he does. Ergo, I would make the same decision -- war against Iran.
But I am not Donald Trump and not in his position. In the same vein, I do not have access to the level of intel and advisors that he does.
If your country's military is inferior to the US military in every way, then do not threaten US. Simple as that.
Davey Crockett
Elite Member
It's getting bad in many areas right now.
Just found out a friend in Kansas is letting a young man from Florida sleep in a tent on his property to help the young man get a new start.
No jobs in Florida.
VCheng
THINK TANK: CONSULTANT
Davey Crockett
Elite Member
Winning!
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