Hacker News new | ask | show | jobs
by galangalalgol 1322 days ago
The US has given over $8B in aid. Also natural gas prices are going to hurt this winter. Gasoline prices hurt this summer, both directly and in transport costs.
4 comments

>The US has given over $8B in aid

That's throwaway change, compared to the amount spent on Covid.

>Also natural gas prices are going to hurt this winter.

The US is the world's biggest producer of natural gas, at least while fracking is still largely permitted.

I was surprised when I read this part: <<The US is the world's biggest producer of natural gas>>

Then, I checked Google. Yep, you are right: https://www.worldometers.info/gas/gas-production-by-country/

In my mind, I was mixed up with world's largest exporters. Last I knew, it was a race between Qatar and Australia. But wrong again! It is Russia: https://en.wikipedia.org/wiki/List_of_countries_by_natural_g...

Only a fraction of that $8B in aid was direct cash payments to Ukraine. Much of it went to US defense contractors and was recycled into the domestic economy. Higher fossil fuel prices hurt US consumers, but most of that value is flowing to US energy companies and ultimately to US investors. The vast majority of fossil fuels burned here are also extracted and refined here; we only import a little.
$8 billion comes out to $25 per person in the US. It’s nothing compared to anything.

Heck, it’s only four powerballs from last weekend.

The US have been spending $20B¹ per year on air conditioning for troops in Afghanistan.

¹2011 figure

Completely unrelated to the thread, but I had to google this. This seems to be the source https://www.npr.org/2011/06/25/137414737/among-the-costs-of-...

Reading the notes at the bottom, it seems like the number might be somewhat realistic, but should really be called the cost of shipping fuel and securing it to Afghanistan, some of which was probably used for aircon.

My point is $8B in 2022 money for defeating Russia in field is deal of the century.
Yes, I agree, I don't think that $8B is a lot of money for the US, especially in the military context. I was just surprised at the number and shared some back story.
Bargain basement prices!