Quote:
Originally Posted by pyroguy
Blue or red, if you cancel the finishing of a fully funded pipeline which would allow for billions of barrels of oil into the country or to come from an oil rich portion of our country, eliminate or extreme limiting of extraction leases, and other significant restrictions placed on the oil and gas industry. Simple supply and demand is why gas prices are high. You limit the supply and maintain the demand, the prices go up. You flood the supply and maintain the demand, the prices go down.
|
The only problem with your statement (which is absolute true at its core) is that the world-ending decision to close the pipeline didn't impact our reserves or cost of gas in one iota. Experts are pointing to the COVID crisis, war in Ukraine, and a few other economic issues as to the reason for the increase.
Conspiracy theorists would say that the price is being artificially and purposefully inflated so as to push the manufacturing of EV. I put about as much faith in conspiracy theorists as Fiat puts into the quality of their vehicles.