Who Actually Controls Gas Prices? | Climate Town 

That would be an awesome topic! As an 80's baby, I really can't wrap my head around why it didn't cause gas/oil to be severely curtailed in the US.

Well, at least here in the Netherlands we did make less car centric choices because of the oil crises of the 70s. I blame the US election systems for the USA not doing the same. The incentives for politicians are just not aligned with the citizens. The Netherlands switched to proportional representation in 1917, and it is not perfect, but it does align politics and voters much more.

In one word: Reagan In two words: Ronald Reagan In three words: Ronald fucking Reagan

@@Joe-ij6of It may have been Reagan but it's what the people wanted. It's easy to look through the eyes of today, today's society accepts public transport way easier, and today cars have gotten so expensive it's becoming increasingly hard to justify them. But back then, cars were cheap (no pesky antipollution technology, safety regulations, safety systems, turbos, etc) and the people were asking for cars, not buses, so the politicians (hence Reagan) gave the people what they wanted. Even if you would have wanted to, nobody would have put the average 80's american out of his personal car, it's basically blasphemy, even today :)

@@manu144x investing in public transportation doesnt force people out of cars, it just disincentives it. On top of that, you also have to consider that players like Ronald Reagan at the time were not honest actors. There was massive corruption in politics even as far back as the 80s, and Reagan is the root of a lot of those issues. He likely in many ways was not acting with the average American's best interest in mind.

more like I used the sugar and lemon concentrate in the fridge, got the neighbourhood addicted, then they all had to stay home for some reason so I stopped making money, asked mom for $10 to compensate and just put that in my piggy bank.

@@weatheranddarkness mom also said she wanted me to stop making lemonade, and that we would all be moving to limeade soon so I’m saving the money to buy limes.

The other thing to point out is that only the big guys were bailed out by the government. I work in oil and gas (most of the companies mentioned are clients of ours) and my company applied for the pandemic funds, received funding, and then were told that we actually didn't qualify and have to give the money back. We spent over a million dollars in lawyer fees trying to fight it before we had to give the money back and lay off 30% of our US workforce. Our company only survived because our CEO refuses to operate on debt and keeps a $25 Million rainy day fund (which is now an $18 Million rainy day fund). Most of the other little guys in the same situation went bankrupt in 2020. So now, all the little guys are out of the market, and the big guys can more easily control the supply of oil and are making record profits.

@@weatheranddarkness More like "I was given money to stay afloat when I did not need it, simply got lemons out of the dumpster out back of arbys for cheap, and now am going to make you pay an arm and a leg for the indignity of fishing through trash for a year. Oh, and thanks for the $10 I used to buy drugs and weapons to shoot birds taking my lemons."

More like you have lemonade stand and pay 2 neighbour kids 10c a day to make and sell lemonade, mom gives you $100 to help keep the lemonade stand going during winter, you stop paying the 2 neighbour kids and use the $100 to buy a new playstation game, then tell everyone lemonade is expensive cause mom won't let you go to the grocery store to buy more lemons

You mustache twirling Villain, you! 😵

I knew it all along. Ever since I saw all the cables and pulleys running all over the streets. I traced them back to your childhood house.

In Wisconsin a gas station sued Woodmans grocery store for selling gas at their stations much cheaper than the surrounding area. The case got tossed out.

I LOVE YOU MR BEAT PLEASE DO A SUPREME COURT BRIEF ON SNYDER V PHELPS

Excuse me. Duh. The President CAN control gas prices by reducing supply. What do you think will happen when you prevent Russian Oil from being imported? Less supply, higher prices.

A close second is when they say "I have a masters degree in economics".

@@johndistler8037 John you should know better snowflake liberals don't like facts or common sense 🤔

@@johndistler8037 not really since the US doesn't import much oil from Russia (I believe it's 5% more or less). And even if you take that into consideration, price spikes in the past were clearly dictated by other factors

Bro out of curiosity does the Kuwaiti leadership have a transition plan? I read on Wiki about the Shagaya Renewable Energy Park ?

@@emiliod90 No transition plan. Projects like that are mainly aesthetics and unrecognised efforts that end up being severely underfunded especially in terms of maintenance and upkeep. And even if this renewable energy park does go through according to plan, all it will really do is slightly alter how we use electricity, but again, mainly in an aesthetic capacity, the shift from oil will never happen, not any time in the foreseeable future anyway. The discussion is never on the table, unlike Saudi and the UAE, as well as Qatar, whom are heavily investing in back up plans and renewable energy. What's sad is that majority of locals don't even know about our Scientific and Research Institute working on that park that you mentioned and would honestly scoff and laugh at it. People here are so brain dead and our leadership doesn't even try to secure anything for the people and the nation's future. It's all about short term gains of wealth and maximising oil production. You should see how much employees in the oil sector get paid, absolute insanity. There's no sense of unity or long term problem solving.

Thank you for sharing your experience. We don’t get enough exposure of this perspective in the west

@@AbdullahAli-df1kp if what you said is true, I don't think the world is ever going to truly clean up and fight climate change

@@cpufreak101 I don't mean to be such a downer, this is sadly the reality where I live. However, that being said, Kuwait is not a major trend setter or decision maker. Sure we have a large amount of wealth and oil, but being such a small country with a weak and insignificant military, we're usually pushed around by neighbouring countries like Saudi, and pretty much dictated by imperial efforts, our deserts are littered with US military bases. So, as long as those countries push to invest in renewable and sustainable energy, Kuwait will be forced to follow, especially if there's a global push to steer away from the "oil system" by the major players. We're not a country of trend setting or taking initiative but rather following. Right now though, everyone wants what we have and we're relishing in that. I just wish there was more long term vision and initiative in such a young and wealthy nation.

Yes please fr fr

Oh yeah.... a subject in desperate need of illumination!! Good call!

I think if you search hard enough there is a video out there for that. I swear i saw it somewhere but i cannot remember. Im sure its on youtube somewhere.

Guess where all that water goes? Saudi Arabia and they get it for FREE while those pieces of shit rape is on gas prices and our politicians allow it!

wow

Hello

*Our lord and savior Jesus Christ*

Jesus is a lefty confirmed. Take that religious right!

​@@Kain5th I mean yea. In the bible he was basically administering free healthcare and food to poor, as well as telling people to not hoard riches and instead use their wealth to help the needy. He' be labeled communist if he resurrected now in USA.

God Bless

What do you mean "most"? ;)

Yeah, I’m often stunned at how easy he makes this look. Definitely a pro, despite how much he likes to make it look like slapped this stuff together in his moms basement while strung out on twizzlers and red bull.

"""journalists"""

Journalists aren’t educators. His videos should be more informative

Also much better than school.

Great to know, Joe! Very hopeful.

Definitely does bring some hope, thanks for sharing

The US banned import of Chinese solar panels a while ago so cost of solar panels in the US are much higher than the rest of the world. Same with wind turbine and electric bus

and what does Lebanon produce. not much of any thing

@@dknowles60 what's the point of saying that, what are you implying? Is Lebanon greening its power sector at an impressive rate unimportant because "they don't produce much of anything"?

We're also near parity for crude exports vs imports. In 2019 we actually managed to export slightly more than we imported, which is what caused the Trump administration to say we were "energy independent." This is completely wrong though since we are dependent on imports because our logistical and refining infrastructure can't use the majority of the crude we produce.

@@travisbeagle5691 curious, why can't we use the crude we produce

@@longebane Not sure on the exact particulars, but in general, different refineries are only able to work with certain grades of crude. The US has a number of different grades based on their deposits resulting in the nearby refineries being designed to handle those deposits and similar. Since the Permian basin is one of the primary sources being exploited now due to fracking, while others aren't, we now have a problem where we have this massive supply that we don't have the refining capacity to handle. That's going to continue to be a problem unless huge amounts of capital are spent either making new refineries or modifying old ones (if it's even possible to do.) Sadly, oil companies don't have the financial incentive to want to drop that sort of cash and the government most likely isn't going to want to put that sort of investment into an industry that we're (officially at least) trying to move away from.

@@travisbeagle5691 almost like the most logical course would be to nationalize the bastards and get it over with. At the very least apply a vice to their balls with the DPA.

@@travisbeagle5691 that would be the Fault of the fed gov. its been since 1976 when the Us built the last new from the ground up big oil refinerie. Fed gov wount let oil companys build new ones

Why does my country keep doing the dumbest things. The 1970s should have taught about the dangers of relying on oil in general and the need for more walkable cities that can cater to public transportation which lowers transportation costs and gas usage but it only taught US officials to not rely on foreign oil. And the volatile oil prices should have taught people that if you have to own a car you should buy a hybrid or at least a Corolla or civic if you don’t need a pick up for work, nah more people keep buying SUVs even though they don’t need them and they cost outweighs any potential usefulness.

@@ricardobarahona3939 70s were 50 years ago bruh. The only real green energy back then was atomic and wind. And even the idea about electric cars was a literal science fiction. And that not even mentioning how huge the car culture is in the US.

Like Americans have any common sense.

@@alexforce9 Ricardo said the 70's oil issues should have led U.S. toward less auto-centric urban planning with public transportation, not electric cars. There was the trend toward smaller, fuel efficient vehicles but that ended in the 90's with SUV craze and them growing ever bigger.

People are stupid and have short memories

Reimagining costs a lot of money. And investing into something that won't result in snappy profit is something money suppliers will never agree to. And if we consider that a lot of lobbying is done by corporations, it is plausible to see any authority in America trying to go that way be shot down immediately.

True. The last time I flew over Los Angeles the plane took like 15 Minutes. And that was 25 years ago.

There is a psychological benefit to living toe to to and shoulder to shoulder with your neighbours? Not for everyone....I guarantee it.

In a way, the oil industry is encouraging people to switch to other sources because they know it will take so long that they’ll have plenty of years to profit, and there’s no way they’ll compete merely by decreasing their prices. If even they know that their product is becoming obsolete, why are we pretending otherwise? This is a great opportunity to redesign our transportation networks.

No. Not true. At all. Increasing the density of communities creates a compressed pollution parameter and you end up with San Fransisco, New York city, Toronto and Vancouver. These are HORRIBLE ideas. We cannot reduce the usage in North America. This is a hippie idea and has been around for over 50 years. And there is never been one success in any of the attempts. The only thing North America can do is change the resource of energy that is tapped into. So we need to start creating more solar farms, wind farms and hydro-dams to start. For vehicles there is already a solution well on its way. We will mostly be skipping entirely over fully electric vehicles and heading right to hydrogen engines. We already have a ton of manufacturers that create hydrogen engines for cars. Water and salt are the easiest and cheapest resources in this entire world and create zero pollution.

Yup, there’s a ton that needs done. Way more than we could ever hope to cram into a time 20 minute video.

>> (even electric cars) Absolutely right.

I mean that's what the whole channel is for

tought to make citys walkable bikeable. when i left detroit mi in 1996 there were men raping men. its tought to have walkable and bikeable citys when tyou have crime problems

or we can go nuclear, do the nice things you mentioned in our terms, not out of desperation to save the planet.

the thing that bothers me is that gas is NOT cheaper at the Arco LITERALLY SHARING A FENCE WITH THE ARCO REFINERY. Like, HOW MUCH EFFORT DID IT TAKE YOU TO BRING THAT FUEL LIKE 30 FEET FROM YOUR FENCE?!?! that one right there bothers me. Gas should logically be cheapest adjacent to its refinery. Yet this is not the case. And that's comparing it to other gas stations in the area same timeframe- always higher. At an ARCO. WHY?!?!

But it is Democrat's fault.

This video would fly right over my family's head, even tho it's great and easy to understand. It's still too smart for them lol!

@@Gstunfisk please be sarcasm

@@agtwhereami no?

I had to pause the video to catch my breath 🤣 an absolute masterpiece!

And for this, I am truly sorry.

I've noticed it too. I've listened to some podcast style and I miss a ton of well crafted jokes. The subtle 420 easters eggs, editing gags, visual puns, just to name a few. But don't worry, you are rewarded by rewatching them more than once. If you can pick up all the jokes in one viewing you probably have the observation skills of a spy.

I have the same "problem" with my favorite creators. I need to save them for later so i can fully focus on the video coz they are just so good.

A podcast would be legendary

I feel the same!

Fbm

Wow you people just dont get simple jokes. Hes suprised at his age. Not a math mixup

@@ScootsMcPoot You'd think that was obvious. Poe's law I suppose.

@@_Mute_ i thought the school comment was continuing that joke, as if by staying in school we could stay young. Maybe not

@@_Mute_ Yea, I guess reading comprehension is not as important these days.

The weird thing is though: those people don’t regret their decisions. They think they made the right decisions, but Biden screwed them over by raising gas prices! It’s wild to me how many people seem to not understand the simple fact that oil is a finite resource and will run out eventually…

I've always driven small. People that buy these huge behemoths that they don't need that guzzle fuel require more resources to build are stupid and the problem.

Same thing has been happening ever since the first gas crisis of the 70's. That's when people started driving small Japanese cars instead of the road boats of the day. Then in 2008 it happened again - this time there was a move to motorcycles because they were the most efficient and every manufacturer started making 250cc sport bikes as a result. Even just a year ago trucks and SUVs were selling for WAY above market value and now people can't give them away - everyone wants an EV now, so the circle continues.

It's super cool how a lot of manufacturers stop making cars as well. Due to this. They're going to regret that choice real soon.

You can always tell how things are going by looking at the used car lots.

I'm going to be honest I don't care about cutting back on cars to stop climate change but, I do think it's a good idea to fix the obesity issue and make cities more aesthetically pleasing. it's really easy to maintain a healthy weight if you're biking 20 miles a day, at least for me that's about 1600 calories burned per day without even trying, that's almost a whole pizza's worth every day.

@@christopherhess9383 You are right about that, but even still there are things that could be done short of making everyone bike everwhere that would significantly improve the obesity epidemic. Unfortunately, companies that make food that makes you fat are *shockingly* only really interested in making money. I feel like if people here switched their lifestyles to eating smaller portions of even MARGINALLY healthier food they would lose weight even while still driving everywhere. There's so many problems that need fixing right now, and they all seem to come down to: Our way of life here in North America is NOT working. I am excited to see how things change in the near future :)

@@wickedslick3000 I'm not saying to make anyone bike anywhere, just to make it convenient and safe to do so, obviously people will make their own choices and figure out how they want to get around. I also don't know if eating smaller portions is a viable solution, obviously it'll help but how many people would be satisfied with small portions? That's just my opinion though, I find incorporating exercise that doesn't feel like exercise is more effective and makes me personally happier.

Reducing the size and power of gov't is the best thing we can do for long and short term misuse of natural resources. #nonaggressionprinciple #VOLUNTARYISM

@@dustinabc That is absolute nonsense. The only thing that stops extractive industries from utterly raping the planet is government.

I did the same! We're in this together!

I agree, which is why I find it troubling that some states are outright banning combustion vehicles in the near future.

As battery power improves, oil will go bye-bye. We just need batteries that go farther and charge more quickly. We are getting close.

@@thelakeman5207 better, cheaper batteries are only one half of the equation. The grid in the US is not set up for millions upon millions of cars. But to say we're close is pretty silly, they've been saying the same thing about batteries for years and they're actually getting more expensive and harder to get. I'm all for the future, but we have to be realistic.

@@thelakeman5207 Oil will never go away. You need oil for our roads, for our tires, clothes. To "supercharge" these EV's requires oil lol. Just because people don't directly think they use oil makes them feel better about everything I guess.

@@thelakeman5207 been hearing that for 40 years

That actually makes sense to a dumbass like me.

Yay capitalism?

That is absolutely what is happening. The writing has been on the wall. The know this. Increasing production decreases the lifetime of the cash cow while also making it cheaper during that period. People need to come with grips that prices arent going to lower much from here on out.

@@dustinc6869 Not even really that bad. I don't want them to have any profits, but 200 a barrel will drive us away from fossil fuels.

@E.V. Hodge it doesn't have to run out, demand just has to outstrip supply. We livr in a world that has an ever increasing population, the economic system demands never ending growth which means oil and gas companies will continually need to extract more resources out of the ground to meet demand and shareholders expectations. Now, oil and gas are finite resources. Surely you can add all that up and realise that what we are doing is not sustainable, it will crash one day soon and will make the great depression look like a minor economic ripple.

Imagine the savings from not spending on propaganda. Gas could be affordable if they weren't buying fox news promos and shit

@@ssavman That's all they want. Just some Reese's. Reese's Peanut Butter Filled Stock Buybacks. They're going to get almost a hundred billion of them at the end of this year.

@@ssavman No it wouldn’t lol

@@antmaster360 no one cares what you say without thinking first..

@@ssavman Exactly so stop talking

not really tough. Its not like we see any chance. Only thing is a few thousand people know a bit more..

@@L3vinesNL thats a few thousand more chances that someone could make a change!

True but, wow, can it seem worse

ironically the computing power of the youtube thumbs up was the tipping point

@@mudmug1 nukes? MAD is about as safe as a perfectly balanced house of cards.

I believe what I saw actually happen, which is Biden shut down oil production almost totally here in the USA. We were oil independent and were a net exporter under Trump. Within a week of Biden taking office, that was all out the window. Can you add two plus two? I knew you couldn't!

Stick to making videos on computers and porting your latest 8-bit robot game to different systems, no offense. This guy is talking out of his ass based on coming from a climate change conclusion. He literally misrepresents things and is disingenuous from the start. For example, he conveniently ignores refineries have been shutting down here in the US because of Democrat policies which in turn has increased the cost to refine crude oil into petroleum products like gas and diesel. From there, taxes make up a good chunk of the cost of gas and when he brings up European nations, his tonality makes it clear he thinks our taxes should be much higher here to force people to stop using our evil bad gas powered cars. He also conveniently ignores that the current Federal and state gas taxes have nothing to do with the current state of our transportation infrastructure considering the money that should've gone to maintaining roads and bridges was used for other things instead for the last 60+ years, especially in blue states which is why California, Massachusetts, and New York have the worst of both nationally. Which if you look with your living in Texas, the roads aren't bad in general there. Go to blue Austin on the other hand though and they are not the greatest. You also got to look at how he implies the gas companies are making bank off the cost of oil itself. That is the cost of it. Which he also seems to want to ignore the concept of supply and demand and how Biden's handlers ended US oil independence and is doing everything to stop the pumping of crude from the ground here in this country. If he had to acknowledge that he'd not have been able to pull those import numbers out of his ass like he did to push his agenda. I could go on, but I don't want to keep on destroying you here being a fan of you and your content.

@@TheSportCompact Not "destroying me" at all. Sounds like you listen to fox news a lot. And sounds like you prefer the cartel over energy independence.

@@The8BitGuy Actually, I don't listen to or watch Fox News. The fact you went there with it as a personal attack instead of refuting what I said goes to show I did destroy his BS and yours too. So does the fact you had to create a strawman argument that I didn't make in order to respond to here as well. You got triggered by it and the only thing you had was to do those things instead of being a man and taking your licks so to speak. Saying that, how about you actually respond to what I said as opposed to being a disingenuous sleazebag who can't man up. Edit: I forgot to respond to your response to the strawman argument you created that was supposedly from me to try to pull your big brained gotcha. For the record, we were energy independent and a net exporter of crude oil and refined products like gasoline before Biden and his handlers took office. Literally overnight, they ended that through Executive Orders/Fiat. And, on top of this, none of the oil companies are part of a cartel. They aren't part of OPEC+. Which I am for energy independence. I'm just not for the leftist, government forced, mandated, and subsidized "independence" that translates into more top down control and less independence of Americans.

@@The8BitGuy He's destroying you, you just don't have enough brain cells to comprehend it. It's mind boggling how someone cannot tie together public policy regarding gas/oil production + import and rising gas prices. And that this basic supply/demand taught in high school classes is beyond the grasp of a human who is given the power to vote. No wonder this country is screwed.

Less about habits and more about city planning in my opinion. Seems the US isn’t trying to make walkable towns. Definitely agree it’s a marvel any of it is still together though. Complex organization for sure.

@@Bayplaces I've lived in a few places in the world, and the US was a bit of a shock to me how hard it was to get around walking, sidewalks that just end, or that just turn and you have to scroll a stroad to continue on the sidewalk only for it to end anyway... The US was the only place I felt afraid walking around, but not because of being robbed but of being ran over by a car. Going to the dollar store that was literally 3 blocks away from where I lived was an adventure. And the first thing they told us when we moved in to the housing our employer provided us was "be careful crossing the streets around here, deaths are a frequent thing here, and literally a month after our contract ended and we went back home a girl died crossing the street. I'm so used to going everywhere walking or with public transportation I was baffled how hard it was to simply walk in the US.

The problem with the US is their city planning. Watch Not Just Bikes for good videos on that topic. This is driven by a politics that is not really aligned with the needs of its citizens. I blame the US election systems. Here in the Netherlands, our politics listened and changed in the 1970s as result of the oil crises. The USA needs proportional representation, instead of first-past-the-post election systems.

Why is that amazing? Once you got the pipe setup it's not one gallon your working for, you're pumping thousands of gallons an hour.

@@Bayplaces I mean, if it's a habit to go out every weekend to a bar 15 miles away, or to grab that one thing from the store that you forgot for dinner, driving/accelerating excessively quickly, or just being dumb enough to own a massive truck-I'd say those are habits that could easily change.

Fantastic 🤣🤣

Hilarious and sad

"they sell oil for money" moment killed me. .. Why? This is true for EVERYTHING. Even solar and wind... Unless you own your own solar farm or windmills, you'll still have to pay. Power costs are relative and fungible. Most people want cheap--or at least the cheapest--energy. It supports billions of people. Unless we kill billions, it's gonna be a slow transformation away from fossil fuels.

CANT Climate-Town or Second-Thought cover the Green-Tech from the video "Mad Scientist's homestead is parking size, off-grid System"??

This 💯

That's because "he" only presents problems and doesn't propose solutions beyond "education".

Get it? That's the weed number! Lol LMAO roflmao

@@iamjustkiwiim more of a $6.90 - gallon guy

Currently, combustion engines are still generally more efficient at actually powering your vehicle because your analysis above does not take into consideration the loss of electricity that occurs as it moves through the cables to be delivered to your house / charging station, the intensive mining and process required to produce lithium, or the impact of introducing millions of tons of lithium into our waste streams. Just switching will not have a big impact; we do have to change where the electricity is coming from for a big impact, otherwise we are waiting on incremental improvements to realize a significant change - which is where we are without the switch to electric vehicles. From what I have read, electric vehicles will not reach parity with combustion engines until 2030 (this is a projected figure), so currently your modern fuel-efficient vehicle is greener than your Tesla. This will likely change in the future, but we really need to stick to the facts if we don't want to empower climate-deniers to say that the electric vehicle market is a scam.

@@Zooqitan this comment is entirely false. Line losses are just the latest conservative bulshit that they don't understand, to try and respond to other bullshitted they don't understand.

@@Zooqitan confused and not just a liar, but you might be liar. none-the-less I'll explain it for others

@@Zooqitan line loses from plant to consumer average about 10%. Meaning 10% Percent of power generated is lost. Power plants are about 45% efficient at turning fuel into electricity. Some are over 60%. That 10% loss is 4.5% for 45% plants. 6% for 60s. Meaning an average plant is about 40% efficient. Combustion engines are roughly 20% efficient on average. Diesels are a little better, closer to 30% when new and we'll maintained

@@Zooqitan that means that you don't understand that even with those losses, it's still twice as efficient to use a power plant instead. You're wrong, utterly and completely. If you're lying for free you're an idiot. If you're getting paid you shouldn't be.

Some other oil propducing countries also have insanely low fuel prices. Let them visit Europe for once and see how bad fuel prices can actually get.

@@TheFuck6666 Thank god I don’t live in Europe! Those fuel prices are ridiculous!

When I was a kid, gas stations had to have "sales" on gas ... this weekend only regular will be 0.23,9 (Yes that's 23 cents) a gallon.

@John Portal We have a 15 mile drive to the closest town with most anything we could need or want except wide open peaceful spaces. Have done the trip a few times on a bicycle for fun. No way I want to do it for a supply run. We fill the trunk when we go and consolidate trips to keep driving cost down.

@@dlazo32696 Actually, they're normal. That's what unsubsidized gasoline costs.

It's a beautiful thing

Agreed, this is the funniest educational channel on youtube. I find it more funny than most things on youtube lol

5 min at 4x

Electric cars are a start . The current form isn’t the end all solution but hopefully they will evolve ( just as gas cars did ) into something much better

We are fat, we need to walk more in Grow vegetables and raise chickens.

​@@JBG1968It takes energy to power and electric car. And where does that energy come from? It comes from petroleum right now, don't forget. You're having children mine for lithium to make the electric batteries. I think there's a lot of research you need to do.

Yeah, but ask any middle aged uncle or my dad and you'll see the truth (that's been spoonfed to them by fox News and rumble), this spike in prices is all part of the libtard agenda to force us into buying little weenie cars that don't make lots noises and hit 60 mph in under 2 seconds. DUH!

I think they'll have to pry cars out of Americans cold dead hands

Germany has definitely failed in its transition. Killing off nuclear and going full on solar/wind lead to failures in the energy infrastructure not able to handle the spikes and when sun/wind are down, they have since massively increased production in coal and gas... effectively pocketing Putin's war that way. It is rather insane how radical they were on killing nuclear. Just compare to France, more green and cheaper energy.

Are you a middle aged republican Dan j??

Shore Line East in Connecticut has just made all of it's Northeast Corridor trains run on Electricity rather than fuel. It was easy as the NEC was already electrified, all they needed were electric trains (which were the M8s which they now use) & they were all set. Also Caltrain in San Fran & San Jose is electrifying it's mainline from San Fran to south of it's San Jose Diridon station (well, that has been going on for some time but still). Really shows how people start to try to move away from oil when the price gets as high as someone on weed, if not higher.

and when gas prices increase so do shipping costs thus making this profit margin harder to reach as they pay more to ship said oil. that's why it's getting worse and worse as when those prices increase so does the shipping costs. it's a viscous cycle that won't end any time soon. restrictions on shipping companies also make it harder for these companies to reach their profit margins.

considering it costs 30% more now to employ the same piece of garbage I can see why they charge more

I watch retail markets regularly and have noticed that retail prices have increased margins over spot market prices in Indiana. Use to run around 15 cents a few years ago with occasional 50 cent or more markups. Covid had markups around a dollar sometimes. Lately markups are close to zero or below cost before a price increase shows up on the pump. Tuff market to figure out lately.

@@googleuser868 Something that is underappreciated in understanding local gas prices is because of inventory and how long it takes to run out. You’re generally dumping new product onto old product which creates a blended cost. Spot prices don’t indicate perfectly what you will see for a retail. Spot market changes can indicate directionality of street prices. But if you live in a locality that’s very rural and doesn’t have a lot of demand, you’re going to see a lag in changes in prices in either direction for example

@@dirkdiggler9379 really hope you’re not referring to other people who are working legitimate jobs as pieces of garbage

ain’t that the truth

Fracking is still there... boom bust though price oscillations.

@@jmitterii2 i'm sure you've benefitted from it. fascist.

"We"? Did you watch the video? Oil companies received bailout money while also increasing profits. Bailout money is controlled by politicians. Politicians are controlled by lobbyists and campaign donations. T

@@AskAW it's sort of like saying "Snowden was our chance to see that the game was rigged, yet we let that slip by" It's a reference to the Overton Window, and how "the Bourgeoisie" constantly push scandals to make the old ones fade out of the public consciousness before real change would be brought about.

Unless you travel that 120 miles in an EV charged with energy generated by solar panels.

@@billybeemus3929 That’s not feasible where I live, the winters here would eat EVs for breakfast.

@@billybeemus3929 I will admit that solar panel charging is cheaper long term (Despite the initial installation fees) however it only seems doable in certain climates. In order to be feasible we would likely need solar and home charging, which the U.S power grid is incapable of supporting. How do we get through this bottleneck?

@@midori9566 - We start by making the electric utilities non-profit entities. Then we require them to built capacity to store over-production from home solar systems to be used when solar is not producing. There are many ways to do that. Hydro, pumped hydro, compressed air, gravity rail, batteries, etc. Currently, utilities build coal/natural gas powered plants with the expectation of guaranteed profits from the sale of the power generated. Instead of building power plants, they need to fix the grid and partner with home solar generation.

@Roberto Vidal Garcia I can see that, the culture and landscape of the US is very different compared to Europe or Asia. I’ve driven a Ford F-250 before and it definitely made me feel “masculine” But it’s unsustainable. The only problem I have with EVs is making them obtainable to the working class. Currently they are expensive and lack infrastructure, I want the transition to be as painless as possible. We are incredibly dependent on fossil fuels and need a good exit strategy that is applicable to middle class and low income people, they are the backbone of the economy of the country I live in.

If he’s lifting the nozzle up without paying the registers inside are chiming alerting the workers that someone is being dumb and trying to pump without putting a payment in.

They make minimum wage most likely too little to give a crap

This guy is a ridiculous dummy. NOBODY thinks the president sets the gas prices each morning. HOWEVER, when he "bans" Russian oil and closes pipelines bringing in oil from Canada, he restricts supply.

Erm, sorry to have to point out the obvious, but he probably spoke to the staff before starting to film...

@@AD-kv9kj And risking having to find another gas station if they refuse? Doubt! Film first, ask questions latter.

One teeny tiny point you missed there, HHI doesn't consider elasticity of demand, which was the whole point of the video where how much ever the demand elasticity may vary, opec+ and oil companies are playing a different game.

@E.V. Hodge Yes and no. Overall they have not worked as closely as they could and therefore have exerted less control over the price of oil than the cartel's share of production would lead you to believe. That said, they have broadly been able to keep the price of oil well above the pre-oil-embargo price point (adjusted for inflation). Obviously there's the initial OPEC crisis in the 1970s where they clearly did. There have been other agreements since then such as in 2008 and 2016 to reduce production, but the nations in OPEC do not always get along with the Iran-Iraq War in the 1980s and the current cold war between Saudi Arabia and Iran being the best examples. In those cases, one OPEC country might alter its production with the goal of hurting another's oil revenues. So for example Saudi Arabia could ramp up production by 10% leading to a 5% decrease in price. Saudi Arabia would still come out ahead (4.5% increase in revenue) and Iran would see a 5% decline in revenue. Alternatively, when the price of oil is high, there's a natural incentive to increase production for basically the same reason even if the OPEC line is to not increase production. There have been a few times where countries have left OPEC because they wished to produce more oil than OPEC wanted them to such as Ecuador and Malaysia.

@@raosiddharth4726 That's true, elasticity of demand affects the price, but my comment wasn't addressing the demand side aspects of his video. I was specifically looking at one of the supply side points he brought up. HHI measures the level of market concentration and therefore the ability for producers to alter the price of a good or service by either unilaterally changing the price or the supply. It helps explain why OPEC+ can play that "different game" you reference, and that game affects the price of oil which affects the price of gas which is what this video is about.

@@d6robert A good explanation of why cartels eventually fail: Any self interested party wants to steal market share.

And lies

@@RichardMiller-tq6ut great videos, but he has some fundamental flaws in his thinking. The gov't and central planners who can use force to implement their ideas are at the roots of basically every societal problem. Giving the worst organizations more control to fix the problems they benefit from creating is not a good idea. Restricting gov't and those who use force to impose their ideas is the best thing we can do for society, the environment, the economy, and yourself. #VOLUNTARYISM

Knowing this always drives me crazy.

Brasil pode ser autosuficiente mas não o petróleo que temos não é o ideal para refinar para gasolina. Ainda assim, não temos refinarias com capacidade suficiente para suportar a demanda. Então a Petrobrás precisa exportar óleo cru e importar gasolina, que custa bem mais. Só tirar um monte de petróleo do chão não quer dizer nada.

@@marcoa.7280 depois de fechar as refinarias 👁️👄👁️

Not like Petrobras was the gold standard of a company when it was 100% state owned. Just ignore all the corruption and Lula stuff that went down :^)

I moved to a bike and walking and public transport oriented city 5 years ago. I gave my car away 6 months ago cos I was not using it and I LIVE IT. We have brand new $1.5 million electric bendy busses that are like a spaceship inside and so smooth there are no handrails, you dont need them. I know how lucky I am and I dont take it for granted.

@@piccalillipit9211 Did the same early this year. Sold one of our family's cars and now I cycle/walk/public transport everywhere. Now we split the one vehicle between us and I just bought an ecargo bike.

@@piccalillipit9211 I’m hoping to go down to being a 1 car family in the next couple years. Current plan is to use a combo of car/train/skates to get to work starting in September. If I stick with that for long enough then my wife will hopefully be ok with purchasing an e bike. And then hopefully that works well enough that we decide to ditch our ICE car and only keep the EV.

@@RandomPerson123321 - Has your mental health improved? Cos that was the big thing I noticed.

I'm proud to say I've never owned a car in my life. I currently own my house free and clear

I stopped donuts when I got FWD. It don't do it.

To be fair, anyone still watching broadcast TV in this day and age deserves to have their noggin scrambled

Thank you for mentioning this, seems like a lot of facts were excluded on purpose.

I've visited the netherlands multiple times but live in Canada and to compare the both of them is pretty ridiculous, we don't have nearly the same kind of cities that allow for bikes and public transport

@@press2ifyouhate130 Except the Netherlands wasnt always the bike friendly paradise it is today. It was car centric up until the oil shortages of the 1970s when large public pressure got them to build the better life they have today. France is also now following in its footsteps only now with the very car centric Paris becoming more bike friendly.

More NJB collabs!!!

@@press2ifyouhate130 cities can be changed. Vote for it.

I have been noticing in Seattle people are pushing for these things, but most of the US is very far behind. With heat pumps though we have a bit more incentive because most people here don't have air conditioning as it is, but as the weather is getting hotter every year people need an affordable way to cool their homes

NY Times WASHINGTON - The Biden administration is canceling oil drilling lease sales in the Gulf of Mexico and Alaska’s Cook Inlet, triggering furious responses from Republicans, who are blaming President Biden’s energy policies for high gas prices.

Having a scapegoat is good for business

Democrats control all 3 branches of government, why would they overturn Biden?

The President is controlling the price by his policies even if he unable to understand it. Restricting the import of Russian oil is decreasing supply and increasing the price of both Oil and Gas.

@E.V. Hodge Yup!

Yes, that would be the right thing to do. But do you think the spoiled oil industry would take that without retribution? I imagine it would go something like failing to give a bailout causes the oil industry to withhold even more oil and gas production, and to prolong ramping up production after the crisis is over even more than they are now.

While you are right, I think it's clear at this point....we aren't good at learning stuff.

Plus they're already subsidized out the wazoo in the first place. I truly wonder how the mind of a conservative lawmaker works sometimes, to subsidize a private corporation, and then bail it out only to see all that money going to the CEOs and CFOs and COOs. How is that squared in their mind with "small government" for instance?

@@weatheranddarkness The conservative mindset is all about Corporate Welfare for the rich, and Rugged Individualism for the poor.

@@weatheranddarkness "small government" is just code for stop giving tax money to poor people

Youve got a good Head on your shoulders, i can see that. Your comment was good, really. But you lack Info. Please watch the Channel Some More News, starting with the recent video on Utility Companys and Grid's. And then go from there.

​@@nenmaster5218 what's the name or headline of the "Utility Companies and Grid's" video or provide link please.

@@KGP221 I just gave you the RU-vidrs Name and the videos Name. You find it.

@@nenmaster5218 I’m not sure what information you suggest I’m lacking, or is it possibly you’re perspective of some information that you perceive I’m unaware of? I’m not suggesting that in a malicious manner, so I humbly ask you to continue reading. While corporations may start out with a single individual, they eventually become a group of people coming together to provide a product or service and to make better the lives of the communities they do business in. Corporations have and always will make decisions that benefit the continuous survival of the corporations over that of individual people. This idea to protect the corporation then benefits those individuals who are agents of those corporations. Everyone else simply benefits from the products or services. When war is waged (practically an uninterrupted practice throughout human history), the corporations that fund both sides of those wars profit regardless who wins and are the same corporations that fund and profit from each territories’ reconstruction. These industries are comprised of the financial market, military parts manufacturing and assembly, oil and gas, etc. (the list goes on). The goal is always to secure control of the natural resources that a particular nation is situated on. Once secured, the corporations then continue producing their products and services that benefit themselves and the community of people who buy their products, less the people who died in their war. Politicians that we see in front of the camera are put there by the corporations to shield and distract attention away from corporate involvement in those wars (every decision for that matter). Politicians are not elected, they are chosen. It doesn’t matter which candidate wins a Presidency, corporations will benefit from either policy. As long as conservatives are squabbling with liberals and progressives, while liberals are squabbling with progressives and conservatives, and progressives are squabbling with liberals and conservatives, corporations will continue to fund whatever project, war, etc. they need to keep the money growing. Everyone’s so busy watching their favorite news, RU-vid and social media channels, they don’t realize that the same nonsense is being fed to the other sides. I said the same nonsense, not the same news stories. While the strategy is the same regardless of the target audience, a varied level of tactics are used through a variety of event stories depending on those audiences moral and political point of view. People are hearing “A” story NOT “THE” story. No single channel will ever tell all sides of every story. News channels, are nothing more than corporations. We’re too involved in the moral concepts and details of our own ideas to see the division corporations kindle between us. While conservatives are repulsed at the thought of watching liberal and progressive media, and likewise for progressives and liberals, it is absolutely necessary if we want to understand each other’s point of view and also see the corporate indoctrination taking place within each group. People want to belong to a community but they also want fair and equal access to opportunity. The problem with developing a recipe for “fair and equal” is in each individual’s wants, needs, and desires. They’re vastly different as is each individual’s ambition to fulfill them. Let’s not forget, nobody’s an expert in everything. So what then is someone’s idea of fair who doesn’t want to hunt or gather but definitely wants to eat and drink? Should we feed them, kick them out of the community, or help and encourage them to hunt or gather? Maybe kicking them out of the community will teach them to hunt or gather. Who’s going to decide? I don’t deny there’s a sensitive balance between a good decision, bad decision, or an acceptable one. No single solution will benefit everyone. The more important idea here is that once the decision has been made, we are all responsible as a species for that decision whether it fits the moral ideals of the entire community or just a handful of its members. No two people will ever agree on every issue and each individual has a slightly unique concept on what right and wrong are. So who’s right and wrong is the correct gauge among eight billion people? Answer: All of them because we’re all trying to survive in an environment that will annihilate us as a species in the blink of an eye, without warning and the only ammunition we have in our arsenal to protect ourselves is our ability and willingness to do anything (whatever it takes) that gives us an advantage over others regardless who they are. If you doubt this, read the part of history where people had to eat other people including their young just to survive after a cataclysm nearly wiped out the human race. This is the Human Condition. Not much different than the conditions we observe in the animal kingdom. I enjoyed the video and the presenter’s humor. The infomercials were informative in that they gave a view of the plant based industries initiative to sell the larger community on its products. This is money diversification from animal based foods and products because corporations have realized that it’s not only less costly to grow, harvest, and convert plants into food and other products than it is to raise and slaughter animals, but it convinces the animal advocate activists that the corporations have heard their voices just enough to quiet them down. After all is said and done, corporations don’t expect everyone to give up their steaks, ribs, and chicken, etc. I will even go as far as to say they’re not going to give them up either. Corporations don’t care if those plant based products are anymore healthy for people or not, they just want to stay in business. And lastly, one of my favorite commercials on cable TV is Perdue Chicken telling their audience they only feed their chickens a vegetarian diet. LOL chickens aren’t vegetarians, but that is the extent to which a corporation will go, to convince a group of people with specific ideas of right and wrong that they agree with them and it’s safe to buy their products. In short, when it comes to survival of the species, the ends justify the means. I don't agree with that ideal but history has proven that statement to be correct.

@@theOngman because they can only handle information that is spoon-fed to them, if you give them something that requires reading they have a stroke

@@theOngman it’s hard to get researchers to read enough peer reviewed material as is

If you keep shaming them and making fun of them or calling them names, nothing you do will ever change their minds. Try reading "How to Make Friends and Influence People" first.

@@hiddenname9809 I worked with, walked through, and helped a person I know come to a logical fact based conclusion that the "news" they were spreading via Facebook Meme was in fact a blatant lie. This person has a Chemical Engineering Degree and worked in the aerospace industry for 20+ years. 3 days later, she (my mother) was making the same statements all over again because "feelings" "It just seemed right to me" her quoted words... You cannot reason with people that let feelings overrule facts. They do not live in the same reality any longer. That's why they "believe" in the skyman.

@@hiddenname9809 shame is just as useless as education. Just because you have information doesn't mean you will use it.

Problem with America is, some talking head from some Australian geezer's "news" network ALWAYS goes trending when that talking head blames some Brandon kid. -also oranges-

fancy seeing you here