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The Real Reason for Record Gas Prices

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2 minute read

Who’s to blame for record high gas prices which in turn have made EVERYTHING more expensive?

Politicians are using the playbook of environmental activists who want desperately to slow everything down, every business, and every single person (who can’t afford endless price hikes).

Here’s Emmy Award winning journalist John Stossel.

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From StosselTV

Putin! Price gouging! Excess profit! Politicians blame the wrong things for record gas prices.  Politicians say higher prices are caused by “corporate greed.” Nonsense. Greed is a constant. Companies are always greedy. They were just as greedy when prices dropped. “If big oil could raise prices anytime they wanted … then why were they so cheap in 2020?” asks Ben Lieberman of the Competitive Enterprise Institute. He points out that the record price “all comes down to cutting back on supplies.” Exactly. Prices change because of supply and demand. Politicians, pushed by environmental activists, have restricted oil production.

 

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John Stossel

Libertarian journalist John Stossel created Stossel TV to explain liberty and free markets to young people. Prior to Stossel TV he hosted a show on Fox Business and co-anchored ABC’s primetime newsmagazine show, 20/20. Stossel’s economic programs have been adapted into teaching kits by a non-profit organization, “Stossel in the Classroom.” High school teachers in American public schools now use the videos to help educate their students on economics and economic freedom. They are seen by more than 12 million students every year. Stossel has received 19 Emmy Awards and has been honored five times for excellence in consumer reporting by the National Press Club. Other honors include the George Polk Award for Outstanding Local Reporting and the George Foster Peabody Award.

 

After 15 years as a TV reporter with Global and CBC and as news director of RDTV in Red Deer, Duane set out on his own 2008 as a visual storyteller. During this period, he became fascinated with a burgeoning online world and how it could better serve local communities. This fascination led to Todayville, launched in 2016.

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Bjorn Lomborg

The stupidity of Net Zero | Bjorn Lomborg on how climate alarmism leads to economic crisis

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From spiked on YouTube

Note: This interview is focused on Europe and the UK.  It very much applies to Canada. The 2025 Federal Election which will see Canadians choose between a more common sense approach, and spending the next 4 years continuing down the path of pursuing “The Stupidity of Net Zero”.

European industry is in freefall, and Net Zero is to blame.

Here, climate economist Bjorn Lomborg – author of Best Things First and False Alarm – explains how panic over climate change is doing far more damage than climate change itself.  Swapping cheap and dependable fossil fuels for unreliable and expensive renewables costs our economies trillions, but for little environmental gain, Lomborg says.

Plus, he tackles the myth of the ‘climate apocalypse’ and explains why there are more polar bears than ever.

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Energy

Trump signs four executive orders promoting coal industry

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From The Center Square

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President Donald Trump signed four executive orders Tuesday promoting the deregulation and expansion of the “beautiful, clean coal” industry in the U.S.

The first order White House Staff Secretary Will Scharf said might be “one of the most significant executive orders” the president has issued so far.

“This directs all departments and agencies of the federal government to end all discriminatory policies against the coal industry. This ends the leasing moratorium that prevents new coal projects on federal land, and it’s going to accelerate all permitting and funding for new coal projects,” Scharf said.

The other executive orders attempt to prevent some Biden-era policies from going into effect that would have caused the shuttering of dozens of American coal plants; support policies promoting the continued incorporation of coal and fossil-fuel forms of energy into the grid; and direct the Department of Justice to investigate state policies that may illegally or unconstitutionally “[discriminate] against coal” and “secure sources of energy.”

The White House hosted a large group of coal miners, members of Congress, administration officials and others Tuesday afternoon to commemorate the “Unleashing American Energy” signing event.

“This is a very important day to me because we’re bringing back an industry that was abandoned despite the fact that it was just about the best – certainly the best in terms of power, real power,” Trump said.

Trump said he was “honored” to be signing the orders in defense of the coal industry and that the administration was “ending Joe Biden’s war on beautiful, clean coal once and for all.”

Trump also said his administration was working on something unique that would guarantee the coal industry would not be upended by changes in administrations, based on an idea he had “about 15 minutes” before the event.

“We’re going to give a guarantee that… if somebody comes in, they can’t change it at a whim. They’re gonna have to go through hell to close you up,” he said to the coal miners.

Under the new administration, the department of the interior has approved the expansion of the Spring Creek Mine in Montana, and Trump promised there would be more coal ventures in Alabama, North Dakota, Utah, Wyoming and other states.

“I think we’re gonna look back with great pride at what we’ve done today – not just in putting people to work but at really reawakening our country,” Trump said.

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