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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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Alberta

Oil and gas drilling sector expects activity to pick up in 2023

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Calgary – The organization representing Canada’s oil and gas drilling sector says it expects more activity in 2023.

The Canadian Association of Energy Contractors (CAOEC) says it expects 6,409 wells to be drilled in Canada in 2023, an approximately 15 per cent increase from 2022.

The CAOEC predicts 42,350 people will be employed directly and indirectly by the drilling sector in 2023, an increase of more than 5,400 jobs year-over-year.

The industry group says it expects a boost next year from the completion of the Trans Mountain pipeline expansion and the Coastal GasLink project, both of which will increase Canadian oil and gas capacity.

It says the energy transition is also creating opportunity for drillers in areas such as helium, carbon capture utilization and storage, in-situ hydrogen, and mineral extraction from oilfield brines.

The group says labour recruitment and retention remain a challenge to overcome in the energy industry.

This report by The Canadian Press was first published Nov. 23, 2022.

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Energy

Electric Cars: Inconvenient Facts, Part Two – John Stossel

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From Stossel TV

Activists and politicians love electric cars so much so that they want to take away your other choices But their green dream is just a fantasy.

Electric cars are cool. I’d buy one if I could only get the Tesla dealer to call me back.

But when it comes to the environment, electric cars aren’t even close to what activists and politicians promise.

In this video, I continue where part I left off, with 3 more inconvenient facts about electric cars.

To see Part 1 click here.

———— To make sure you see the new weekly video from Stossel TV, sign up here: https://www.johnstossel.com/#subscribe ————

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.

Electric Cars: Inconvenient Facts, Part One

 

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