Mike, and Melinda, The post I am replying to mentions a critical issue for me, and I'm pretty sure for you. I've heard virtually zero about a bi product of crude oil, and that is plastics. Imagine gerring any medical treatment without plastics. Cat scans in a steel machine? Plastic gowns? Monitors to view test results and prepare a treatment plan would be bit cumbersome without plastic. I would suggest everyone take a good look around and see the critcal needs for plastics in our lives, including the plastic in our vehicles, in our homes, businesses, airplanes. Thank you for tackling this subject. The unintended consequences of the elimination of the 'fossil fuel' industry will be economically devatstaing.

It’s not a problem of the wrong leadership, it’s a problem of State interference in markets. Let the market find solutions to high prices and prices will drop.

@@kdegraa Actually it is. Any extreme right or left is bad and the current leadership hates this country, or the border would be secure, tight as a drum for starters.

@@paulrobinson53 the first step is to stop calling it fossil fuels. Finding crude oil is a dark art and those who know how to find it are not telling people how they do it. It’s a fuel industry. I live in Australia. There are not many oil reserves here that are commercially exploited. Australia had huge reserves of coal, most of it very high quality black coal suitable for coking. However there is massive political pressure to close down the coal industry. Close down coal exports and close down burning coal to boil water to spin turbines to generate electricity. If the coal industry is closed down it result in massive changes and unforeseen consequences.

@@kdegraa I beg to differ. When our leaders spend more than could ever possibly be collected, they HAVE to borrow money or print money. Borrowed money has to be paid back with interest, and printing new money is like adding water to your beer and you have to drink more of it to even taste it. Both are causes of inflation, which makes oil and everything else more expensive.

The exact opposite of what Mike explained...... pure political explanation and not even remotely accurate. Good story though

Truth!

Truth!

@@thechamberstalk Perhaps you should listen to Mike speak again. Then look the current events of the lady 6-8 months. Then come back and change your comment........

@@Just_Chuck_It You note that he specifically steered away from politics and said on several occasions that basically its not the divisive whiney stuff you spew thats the problem. See if you can wake up one day without blaming the politics of the opposite side to your preference for everything you dont like in your life and try again. Look at the last 6-8 months? Mike CLEARLY defined the problem as going back a couple YEARS. You only hear what you want to hear man. I feel sorry for all you guys that cant have a rational thought without political rhetoric and hatred creeping in to everything you say and do.

The existing leases are not usable. That statement is misleading.

I knew a very wealthy person who once told me that the only way to create wealth, was to take raw materials and labor and create a sell able product. Every day peoples labor, with raw materials and facilities, creates wealth. So over time wealth will continue to grow with everything remaining the same. What they are doing is sucking that wealth from our society. It's simple economics really. The idea is to keep poor people poor. The ability of these companies to purchase political policy is doing way more than making it difficult to keep your financial head above water, it is about to make it difficult for 100's of millions of people to put warm food in their families belly. We are already slaves to the trillions of dollars this country is in debt (The promise of our labor - wealth) is their collateral for this debt. Now they about to smack us in the face with it and start calling us slaves. You will own nothing, and be happy, etc. Welcome to the New World Order--Their order.

At&t makes more profit than oil, why not complain about them?

Invalid comment. Show your math. Oil Gas over long term is a single digit return on investment (over a down and up cycle). FF power the modern world. Printed money powers the tech industry. They are the problem of greed.

@@shanewinters3009 because you don’t “need” a cell phone, but you need fuel to get to work to pay your bills. Completely different scenarios cellphones aren’t a necessity oil/fuel is which is why they are squeezing us they know they have us by the balls.

@@joeybuckingham7006 need has nothing to do with it. Stick to the basic facts. 10% return on your expenditures is very low in today's business world.

@harry jones I heard he was there but this puppet isn't. 🤣

trump will save us.

@@robertspringer9477 From prison?

I hear you Avalon Homestead. As a retired business person around your age, I know that if I had gone into my boss' office with complaints but no solution or even suggested solution, I would have been shown the door. Complaining and blaming is just easier. Solving problems like this takes a concerted effort ... but offering solutions is a much better course.

@harry jones creepy Joe sure is heck won't save anyone but himself & his son. There are driving this country straight into the ground! I promise you it will only get worse. If you can't see that then maybe you are delusional.

Biden administration stopped it..

Sadly there are no "new fields". The higher hanging fruit has all been found.

I work in the international oil industry I have been telling people this for decades , no one listens. I also have a Kubota 👍

ESG would only have merits if it was used honestly! Which it isn't! It's a political tool being used against political enemies of the global elite. Shell Oil has a high ESG, Tesla has a low ESG!!🤔

You all probably know that the largest refinery on the east coast in Phila. was closed after the massive fire in 2019.

By gawd-a man who actually understands what he is talking about! I've been preaching this to the church of the ignorant for years now, and finally the chickens have come home to roost. This isn't going to go away with government activities or some simple solution we've overlooked - we need more refineries. All the oil in the world is useless without it.

@@mikepeterson8037 “Control oil and you control nations” - “Control food and you control the people.” _Henry Kissinger

So how we going to get oil prices lower again? Being high like this is really hurting us all.

That Keystone XL would carry tar sand and not crude oil is propaganda I’ve seen floating around social media. That propaganda is false. You need to check where you’re getting your information from because it is not reliable. Politically, what doing stuff like cancelling Keystone XL and blocking drilling in ANWR does is it tells people in the industry tow watch out, we don’t care how much money you’ve invested, we will cancel your project if we want to, it is a piss poor, anti-business message that we should not be sending.

I wish people would understand this. Such nonsense gets floated around.

@@Dbb27 yea god forbid we become a major exporter again

You are a liar Neil. For one, if it’s incomplete then none of it is operational. 2nd , only about 30 % is exported. You’ve likely never worked a janitor job in the oil industry let alone know the intricate details of said industry. Do you bot much?

@@Dbb27 We have been exporting for 10 straight months.

I work in the business. Most sites retailing fuel, branded or unbranded, are, in fact, independent dealers. Sure, you have your big chains like Wawa, Speedway, QT, etc, but the majority of sites are owned by an individual or small group via an LLC. It's true that the *only* thing that makes fuel a specific brand is the additive.

Man, before this era the best the Refinery I worked at profited was when the Exxon Refinery down the road blew up part of its FCC, I think it was their Precipitator. They were down for a long time. Of course they had to buy finished product from somewhere! We made a killing! I love it though, the messaging at our facility was “ you guys are great, it’s your hard work along with the system that made us so profitable”.

Saudi Arabia owns the largest refineries in the USA.

@@jlev505 Excellent point!

BINGO! That one refinery in Louisiana is now owned 100% by the Saudis - WTH?? The USA let’s back stabbers purchase anything they want to here - China owns millions in real estate, including farm land. WTF are we doing, folks?? No state of the art refineries owned by American companies since 1970s - why???😳

It kind of depends on what retirement plan you're in if it's an IRA or 401k through Merrill Lynch that went under and got bailed out by the government but all the investors lost at least 100 to 150 thousand oh yeah will bounce right back. Those big round orifices at the back of a horse that played Monopoly with our investments on Wall Street. I would just love some days to take Lucille down there and do a little swing dancing.

Thanks Rob

@@earlhollar1906 A fellow walking dead fan understands your reference.

@@earlhollar1906 LOL

Vote out all dems

Interesting perspective - "this seemingly very important topic". If fuel prices are putting a hurt on the average working man or poor person or anybody concerned about inflation, it's definitely an important topic. If you're ignorant of the big picture Mr Morgan really can't tell the whole truth. Joe Biden clearly stated multiple different ways on the campaign trail that he was going to crush the oil and gas industry. So it was not just the pipeline, it was canceling leases from Alaska to the gulf of Mexico long with making other new regulations and restrictions on the oil industry. So if he doesn't know that, he's ignorant, but if he does know that he didn't tell the truth. What does that make him? I'm going to give him the benefit of the doubt and not call him a liar or a coward, just ignorant. It's Econ 101 you put a stranglehold on the industry and demand stays the same or increases, prices will go up.

It was brought on by that idiot Joe Biden. Der

Inflation is caused by Joe Biden putting the screws to the oil companies. And it looks like Joes plan to stop global warming is to have a nice starvation causing nuclear winter. That blithering idiot.

We need Trump or any body that truly cares for the country to first reverse every executive order of biden and his henchmen all criminals and traitors

I meant it is absolutlely cost prohibitive to supply EV to the worlds poor. We are still a part of this world . That means we MUST consider costs and reasonable alyernatives when we make choices .

That’s cheap over the pond here in the uk it’s around $ 9 a gallon

Didn't you receive your awesome stimulus check checks and if you're born before this date, the special Medicare, and food card! I never did answer any of the ads to sign up for the other special treatments . I wonder if everybody's going to have to get the injection before they can receive these special programs. I'm out here where they did all that fracking and still have permits to drill more and before the pandemic the horses heads were dipping up and down pretty fast and now you can barely see the one left, where use to be 5, move !!! Amazing how it got depleted so quickly. I guess somebody needed a new yacht?

Excellent video. Ty

That is brutal.

Yikes! To both Maine and UK residents. In Wasilla, AK I pay $5.09 gal for reg gas. A drop in the bucket compared to CA and other states. I have a friend who worked for BP before it left Akaska as a senior engineer. ($180 K a yr) He stated that hundreds of wells were drilled, found to be productive and immediately capped! They are all on our "North Slope." If America is short of oil, why do we have great numbers of productive oil wells, not just in AK, sitting idle?

why indeed, biofuel is fine but regular oil from our own country is even better. and cheaper

Lots of big farmers used to capture methane gas and use it to run at least some of their equipment.What happened to that?

@@johnwingate8799 probably the same thing. US chose to double down on supporting petroleum oil and increased subsidies so oil "looks" cheap. We pay tax dollars every time we choose "cheap" oil. Methane is a bit of a special case because it's 4x stronger than CO2 as a climate change driver. I did just watch a video made 2 years ago on a Wisconsin dairy farm that used an underfloor exchange to use the heat from the milk to keep the barns warmer. It wasn't 100% but the milk must be cooled and barns must be heated. But, I know they are doing studies to try to take that methane and sequester carbon by pumping methane and other climate gases deep underground. I'm not sure what happened there. I suspect some of it is still happening. Another comment that I saw was that we have to drill to produce non fuel products. That's not really true. In many cases, without subsidies, those products have non petroleum product replacements from renewable sources. Plastics from corn and soy were developed in the 90s. I'm sure those are even better now. For those things that remain, if we stop using it for power, we already have more than enough to supply these items that are necessary. The point is that oil isn't cheap when you add your pump price to the cut of your taxes that subsidizes petroleum. But you don't see that while pumping gas. We can make biodiesel cheaper. You don't have exploration costs, refining or the massive distribution. You have no massive oil spills in the ocean because we don't have to import it. You don't need pipelines of darling fields. All you need are diesel engines. The byproducts are carbon dioxide and water. Yes, carbon dioxide is a greenhouse gas but methane CH4 is the simplest carbon molecule and it's 4 times the effect of CO2. My point is that we have to change anyway, now is the time for people able to start companies, start biodiesel because those subsidies are on life support. We could use this time to make changes in time for once. If you are near southeast Ohio, there's a facility that was used for biodiesel in the past, if you are interested. Dad's 85 now and he did it once already. I am disabled and couldn't begin to do it. But, biodiesel is just a tiny piece of a fuel system that returns the Middle East to the backwater it was before WWI. We need to think distributed and diverse so we don't get stuck in the same, sick cycle we used for petroleum. Imagine what international relations would be like without it. Petroleum thinking is the problem. Diverse, distributed and local. If we can move to electric power from renewables, that would be huge. But, I just got a 0 interest loan for solar panels that produces 90 percent of our family needs. Right now, we are on the grid, but the three times our grid power went out so far this spring, my CPAP, the fridge, sump and well barely hiccupped. I'm already scouting more panels. If we get the geothermal heat pump put in, that will mean we would cut our use in half and easily produce plenty of solar. I know the largest public lands for fuel use auction happened last November. Not one more acre of oilfields was sold. It was all offshore wind turbines. They wouldn't have paid billions if they weren't planning to make trillions. If that goes up soon, solar panels might go obsolete except for kooks like me.🥴😄

Yeah, I ran bio diesel. It was fine when the weather was mild. But when December hit, none of my equipment would run. That was a costly decision both monetarily and in terms of headaches.

There's a couple issues and you were right to call me on them. Biodiesel is diesel. But, the oil sources affect the exhausted gases. My dad was using soy, but was looking to switch to algae. Unfortunately, the smaller subsidies to work on improving the process, dried up like you said (definitely not the trillions we hand oil every year that falsely reduces gasoline prices paid at the pump, but there were research dollars) Cali and the feds both pulled out on algae research because?? Petroleum companies buy all the legislators and the son of a VP (not rehashing this. He didn't break laws, but laws were allowing serious conflicts of interests, but, as Trump said himself, he didn't have any party he favored as a businessman. He was an equal branches of government corruption, just like oil interests.) We can grow more rapeseed for biodiesel and it's greenhouse gas emissions were considerably lower than corn or soy. Algae shows promise, but it's not ready for primetime. However, moving to biodiesel during this fuel crisis will serve us much better than what appears to be a serious increase for petrol. Then, biodiesel producers can work with universities and various governments to get better diesel choices. Europe hasn't been standing still. Dad's company went to Germany because their processor was easier to retrofit to other oil sources. I have heard of several companies looking to do large-scale testing on Genetically enhanced algae. Thankfully, there are a lot of oil sources and you can buy whatever is cheapest. I have been concocting an algal farm retrofit on the beef farm dad built and Raised me and my brothers on. We would do well with greenhouses, but fuel was always too expensive Thankfully, I built a passive solar home and just added active solar panels. I've made the first-timer mistakes, so I hope to get a chance to make the 2nd round of mistakes. My 19-year-old wants to "wait a year" so I might have free labor... though grudging at best... I'm thinking I could do passive solar and maybe active solar algae production if it goes that way. Just a dream, but lots of people will need to jump in, and will if there's money in it. Either way, it's now or never to diversify and change energy policy and production as well as consumption. Let's make it a business of Americans for Americans Europe and China are not waiting to see what we do. Like I said, Europe was making systems able to convert already. They thought we were going to develop algae, but they didn't realize that we are 98% held hostage by petrol. They didn't wait long. We have to consider life cycle of the industries we build. But, I sure would love for us to be in charge of our own destiny for once.

Well no actually he annunciated the Democrat position on Keystone XL pretty well. Acting like cancelling a project that’s already been approved and had hundreds of millions of dollars spent on it isn’t a big deal is,precisely the Democrat position.

@@ElRalphing If TC Energy really wanted to spend the capital on the Keystone pipeline they would have in 2017 when Trump approved it. Think about that. Now consider this, a pipeline does not produce oil it only transports it which means it would have no bearing on the amount of oil produced on a daily basis.

4:00 he goes into politics, finds terminal causality... and then promptly ignores it. He never once leaves any citation, just hearsay and unsubstantiated opinions shared by him and the other 'well-fed' country folk. You love it because you have constructed an echo chamber to insulate you from anything that goes counter to your cognitive dissonance, not because he issued anything of relevance. You like it because it confirmed your bias.

@@americanadreaming I didn't see any bias. He actually nailed. I'm sure you have areal winner of an explanation.

@@Rhambo1953 That’s some of the worst mind reading I’ve ever seen anyone do. You’re basically saying even though they did spend $100 million on something, they didn’t really want to complete it. Think about what you said there. Surely you can figure out on your own it’s an idiotic statement.

This.... and if you look at all of the choke points they are all heavily regulated

Have you purchased lumber recently ?try $12.30 for a 2x4x8 the dem marxist party and there policies are behind this and it stinks !

The math of 1956 had peak oil at about the year 2000. Our best guess is it happened around 2006. Energy is subsidized to about 6 T per year, & the human population is in overshoot, fueled by this best of fuels on the planet. The awake media uses the term reset, which sounds better than complete collapse ending in extinction, soon

Thats a good thing tho. Instead of buying from super market you can buy local at great discounts. Buy the cow then pay to have it butchered.

@@IndependenceIron A comment made with no idea what you're talking about

how much can 1 well make you? $

A lot

Funny how that cost is a complete tax write off the minute they buy any equipment to start drilling! Fossil fuel is the only industry that can write off it 100% of it’s costs immediately for tax purposes!!! Sure sounds like a deal along with the $$$Billions in subsidies!!! Gee, I wish I could get a huge monetary subsidy so I could write off all my expenses at 100% from day one!!!

@@Leprovocateur those with the most money make the laws to keep their "big boy clubs" super profitable while you and I will never have that chance. Period. Eat the rich.

Yeah okay very risky guy, how much money did you make off your “risk”? Whenever you have that kind of money to throw around it isn’t a risk anymore it’s a gamble. You don’t get to cry about losing money gambling. Especially considering to have money like that, other peoples sweat earned it for you, or you come from money. “Risky” pft…

The elites do not care if there will be black outs. They will not have to endure it.

Thanks a lot Doug, I appreciate it.

The dim side doesnt want to work with you. They hate you, me and our way of life. The sooner people realize the sooner we can fix things.

@@OutdoorsWithTheMorgans And Mike is full of himself. We are bathed in oil. If the price of oil goes up. Prices go up on everything. If you look in youtube. You will find testimony from the CEO of pilot. Where he states they have been forced to curb 20% of their sales. This is a rabbit hole. And you need to do a little more research into the petrodollar and the fiat monetary system. Before you form an opinion and put it out there publicly. As there people dumb enough to believe you!

yup

Bishops outdoor world ,evs are worst then gas vehicles with the batteries.

My concern with EV would be once they get everyone on EV, who’s to say they don’t do the same with electrical costs as they did with fuel? Then we are in the same boat except now, it’s a complete runaway because our homes run on it as well. We are already short on power. Places across the nation are falling short on power and doing blackouts. I’d say solar is looking better and better.

We'll never be ready for EV. EVs are essentially coal & NatGas burners, & rely on Russian Cobalt exports for the batteries and the Lithoum batteries are not economical to recycle. Americans cannot even afford Gas powered vehicles. If you look at the soaring auto loan durations, the loan is longer than the life of the vehicle. People are rolling over the old vehicle debt onto the new vehicles. I suspect Few Americans will be able to afford new vehicles after 2025 as they still be stuck paying the debt on previous vehicles.

You don't want to know how much a 2 bedroom apartment cost to rent in Connecticut.

And that 15 dollars barley pays the rent, what about living?

Dimentia joe doesn’t want you to haul anything. It is camelaaaa’s dream that “parents will take the bus to work and kids will ride on electric school busses”

We can’t have a vibrant middle class… they would be too hard to control!

@@Bredddi I'm sure more Reagonomics will fix it

Great point

Yes it is multifaceted. But cancelling a pipeline that hadn’t been completed yet certainly influences pricing. Because cancelling that pipeline told the oil industry to watch out, because the new govt doesn:t care how much you’ve invested, they will cancel your project. A big problem is American companies don’t want to drill more. Well, seeing the Biden admin do so,etching as ham handed as cancelling Keystone XL makes them want to,drill even less. And what’s so bad about it is even when we do replace Biden with a pro-drilling president, the oil companies are still going to have to think long term and be like, “well the American people already have elected one anti-drilling president, who are we gonna get 4-8 years from now.?” This screw up of Biden’s is not something easily fixed.

@@ElRalphing It's not a screw up Ralph. Joe Biden clearly stated multiple different ways on the campaign trail that he was going to crush the oil and gas industry. So it was not just the pipeline, it was canceling leases from Alaska to the gulf of Mexico and making other new regulations and restrictions on the oil industry. So if Mr Morgan doesn't know that, he's ignorant, but if he does know that and he didn't tell the truth, well what does that make him? I'm going to give him the benefit of the doubt and not call him a liar or a coward, just ignorant. It's Econ 101 you put a stranglehold on the industry and you don't reduce demand, prices will go up.

@@ElRalphing Wrong. Did you watch the video? Oil companies do not want to invest money in infrastructure. That pipeline was never built at all on US soil since inception in 2008. 46 companies went bankrupt in 2020 and investors are hard to come by. They'll spend their money on increased dividends and stock buybacks. That's why they've only reopened 75% of existing rigs.

You are all wrong. The keystone pipeline was in 4 stages, 3 of which were completed on 2010 and 2011 and was pumping 500 to 900 thousand barrels of oil a day to several refineries. The 4th stage was not complete and thats what these idiots have hung their hat on. If would do some research and not take everything as the truth from these mental midgets you might actually learn something. To put it in more perspective, the oil that was being pumped through the pipeline was pumped by electric pumps with more than likely diesel back up generators. So now it takes roughly 25000 semis hauling oil to compensate for maybe 40 electric pumps. How does that fit into your green agenda.

@@Rhambo1953 wronger. He's right. You're wrong . The MARKETS are SPECULATIVE . Any business told by an entity as powerful and out of control as this government would be extremely foolish to make plans for the future .

If you really want to be shocked research how many refineries was in the USA of 20, 30, 40, 50 years ago and what happened to the smaller more local ones.

Thank you. Never heard a browns fan make so much sense lol only joking.

“Control oil and you control nations” - “Control food and you control the people.” _Henry Kissinger

Greed in the oil,industry isn’t new. Greed in any industry isn’t new. What is news is Biden’s policies. And they are definitely adding to oil companies not wanting to drill.

its a sales tax. Land now is making up for the difference in the US. Moving dependence on fuel to property. The higher the value of property to more $ from a reliable tax source. LAND! It cannot go anywhere and its reliable.

I'm a Canadian here too and I have some 10 years experience in the petroleum industry in the Southern USA. Your comments about price hedging are spot on and I can certainly see these high prices continuing for at least a couple of years. It's all reflected in diesel fuel for trucks and tractors.

Those roads you drive on every day might not be as smooth and easy to travel if you abolish the gas tax.

Hi Dennis. Most of our state fuel taxes here are a specific amount per gallon. Some are" low" 32cents/gal some are higher.

Nope. That was just Politics. US was still importing oil from Canada, Russia, Middle East. Fracking oil isn't good for making diesel & Jet Fuel.

@@guytech7310 we may not have been technically independent but the previous fossil fuel friendly administration was about 1/3 the cost at the pump of where the current socialist administration has it. I’m all for alternative energy but in a sensible way. This “cold turkey” approach is economically devastating on many levels .

@@benniebarrow348 Alternative energy will never replace fossil fuels. While prices were lower, Trump emptied the SPR (Strategic Petroluem Reserve) to keep fuel prices artificially low. US oil production peaked in 2018. Currently all of but one of the Shale sweetspots were fully drilled. Shale Well have a rapid depletion rate, producing the bulk of the oil from a well in the first 18 months. Drillers have to drill more more wells to beat depletion. Currently only Permian basis has the ability to expand production, but frack drilling a well takes 9M gallons of water, and that region is very short on water. That is one of the driving reasons why the permian basis hasn't been fully tapped yet. If you want to learn more about US oil production I recommend you search for YT videos that interview Art Berman (Oil production expert). FWIW: I expect a long term energy crisis as global production begins to decline 5% to 7% annually. This is going to drive the economy over the cliff and is going to drive the world into another global war. Biden & DNC are driving the US over a cliff, especially alienating Russia which is the worlds biggest energy exporter. What we'll probably see soon is demand destruction and a major recession in the US and the world. I suspect Oil prices will peak in the next 30 days and start falling as the US economy falls into a crisis as companies layoff, as people can no longer afford to buy goods & services. This seems to be tracking the 2008, when the Fed was tightening & Oil prices were soaring. Oil peaked in July 2008 at $147/bbl and crashed to a low below $40/bbl in Jan 2009.

The pipeline is open. Just stopped the xl portion of keystone bring Canadian sandbar down to Mexico

The pipeline is open- wake up

It’s odd how we never have to worry about all of this until Democrats get into power.Just like the man said. It’s going to be a process getting off fossil fuels. It’s not going to be over night. Bankrupting the country isn’t going to speed things up at all. I wish someone would explain this to Brandon. He’s doing all of this on purpose.

Ignorance is bliss.

Thank you Bruce!

Hasn't been the case in a long time haha

Its unlikely you see CS (Common Sense) return to politics. Anyone with any CS will avoid getting into that mess. Why would anyone with CS want to get entangled in the nightmare of US politics? Even if you try its impossible to change anything as the crazies use leftist judges to block everything and it takes years of litigation just to move on, which can all get applied or blocked again after the next election cycle.

Not Just Now, But Years and Years, U.S.A NEED COMMON SENSE PEOPLE

Devil commonsense get a rip

critical thought Vanguard, the Mutual fund people put peoples pension money into companies such as Exxon. Then using their huge number of stock shares and influence they have forced Exxon to appoint hand picked pro green energy members to board positions. Then the board directs the workforce to produce LESS oil, which also creates high prices. Blackrock is doing the same thing.

@@gatesmw50 Even though it is counter to the valuation, profit, and best interests of the people they claim to invest for, it is a sad truth.

“Control oil and you control nations” - “Control food and you control the people.” _Henry Kissinger

Don't leave out the tens of thousands of stock ovomit received after he left office from soros. Warren Buffett stopped the keystone pipeline because he would have lost billions of dollars via BNSF, whom he owns. It's all millionaires and billionaires, including politicians and the same oil speculators involved in the ovomit fuel increases the last three years of his regime, who are getting filthy rich with these high fuel prices. It's all about greed.

Warren Buffets fund bought majority stake in the pilot truck stops a few years ago. He also owns stake in the RRs bring in the oil. This is why he fought so hard against the pipelines like keystone. It cuts into his own business. But that fucker constantly panders on television about how modest he is.

I saw that same testimony. He said AT FIRST they (RAILROAD) wanted a 26% reduction in their DEF shipments then while negotiating they DEMANDED a 50% reduction or face a complete embargo of all shipments of DEF. Using his numbers, and Flying Js 30% of the DEF market share, that's a reduction of 26 BILLION, yes my math is right, BILLION miles of truck travel that that one act impacted.

WELL SAID.

Very well said Sir!

What your not taking account is when the change over takes place to petrolium made Electric cars comes the odometer Tax and the $150 dollar per charge game already ran and passed through Congress and the Senate. That California Governor made that possible. My State passed the State odometer Tax 2024 January 1st. Nevada. Nancy Pelosis Nephew is the New Green deal Tax man and Governor of California. There is no escape for the semiconductor chip reads by bot AI. So your smart meter knows the difference between a coffee pot and that Electric oil made Electric car.

Sheep, goats and cows make great lawn mowers, and you can eat em!

GAS baby, you ain't getting rid of loud motorcycles go ahead and try sucka

Donny- Finally somebody who understands that the current administration wants to greatly decrease or shut down oil & gas.

@@hugostiglitz8465 no politician ever wants high fuel prices.

@@ML-lg4ky- Except Democrats.

There's always one😂

Don't forget to uncheck the box!

What govt,actions like cancelling Keystone XL, blocking drilling in ANWR, en masse reviewing of permits do, if nothing else, is they tell the oil industry to watch out, we don’t care how much you’ve invested, we will cancel your project even though it’s already been approved. Your notion of “Keystone believers” s Democrat propaganda that you’ve fallen for. It’s propaganda designed to obfuscate and divert away from the issue. Because not one person I’ve read has said Keystone XL itself would lower oil price.

If you're ignorant of the big picture you really can't tell the whole truth. Joe Biden clearly stated multiple different ways on the campaign trail that he was going to crush the oil and gas industry. So it was not just the pipeline, it was canceling leases from Alaska to the gulf of Mexico and making other new regulations and restrictions on the oil industry. So if you don't know that, you're ignorant, but if you do know that and you didn't tell the truth, well what does that make you? I'm going to give you the benefit of the doubt and not call you a liar or a coward, just ignorant. It's Econ 101 you put a stranglehold on the industry and you don't reduce demand, prices will go up.

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@@ElRalphing Right. Opening Keystone wouldn't reduce oil prices. We have plenty of oil. There's a difference between oil and gas and it has to do with refining. But more drilling is not the answer.

@@christianelder4983 This is something I've been studying and you're off base here, Christian. Are you getting your info from Fox or Oann? I'm in Texas. I know the grip the oil industry has over this state and most of the country. Time to move into the 21st century. Time to stop bowing to these giant corporations who are pretty well manipulating you. During my class in Environment Science back in 2000, while working on my degree, we learned that there's a "dead hole" the size of Delaware in the Gulf of Mexico. Nothing lives there. This is the result of drilling. You and those who think like you would tear up the country just to get more oil. And then what? I watched a movie once about the end of life on Earth. There were only a few people left. One guy was systematically going through all the food he could find. No electricity, no generators. Someone had to explain to him that unless they started farming, they would soon run out of edible food. They also needed to find fresh water. These things were important to life itself. Not how much canned caviar you can find or how much money you can find. The person who suggested farming was looking towards the future ... towards their future survival. This is what we're asking you to do now. Look towards your future survival and stop destroying the planet as you try to fill the gas tank in your giant truck. There are alternatives ... and these alternatives need to be explored now.

Agreed. Thank you Joe!

Thank you Michele.

Because anyone with common sense knows that is decades away.

Governments push? The largest automakers in the world have set 2025 as the time to be completely shifted to all EV models. That's Auto Giants VW, BMW and so on. Smaller players on the market like Ford and GM have set 2030 as when they will be going all electric. That's not government doing it but the industry. Oil reserves are said to be good for about 50 years at the consumption rate we have. That means unless we find another fuel which is economical and readily available the whole of humanity is in for a life changing crisis when oil becomes harder to get. Transportation has options, the most obvious is electric as Electric Motors are many times more efficient than the ICE. We can make electricity almost anywhere and the nice thing is we don't need big corporations to control it or sell it.

@@scooterss2112 Not decades at all. By the end of this decade you will have one option when buying a new vehicle. Electric.

Thanks a lot Kent. Sounds like a great background and plenty of experience you've got.

Kent Lande Didn't Sinclair gas stations have a dionsaur logo on their signs ?

I am afraid a crash is what they want.

Exactly right my friend !

@@jda72- "The Great Reset"

I have a question, I'm 58 I like every body else have grown up hearing about ways to get around not using oil. Car running on water, wind ,solar hell even energy from sea weed. Bottom line when are we going to do it for our kids and there future.

@@jaymolck31 Jay, unfortunately most of those schemes are impractical. After loads of developmental research they discovered that it required more energy input than was gained on the output side. I have been privileged to have worked on several alternate energy engineering study programs. Heck, I even spent a month in Colorado at Solar Energy International acquiring my solar installers certification in order to obtain a better understanding of that industry. Unfortunately, at current solar panel efficiency levels we would have to cover every square foot of the Great Plains with solar panels to obtain sufficient power to get anywhere near what is expected by the "green new deal" crowd. What we truly need is for government and corporate research to come together and dig into this. If we can spew trillions of dollars to pay folks to sit on their asses then surely we could finance serious developmental research instead.

Facts? You mean opinion and rumor

America first…politics second.

Never saw your channel. But good video. You have a lot of good points. I always say the president has less to do with it than they think. Because everyone likes to blame the president. Especially when they are opposite wing from the president. I am only 40 and i notice that gas prices always go up a little in the summer. More people are traveling so demand goes up. People dont seem to understand how long and costly the refinement process from crud oil to gas and diesel is. So even if we buy more oil when we know demand will go up. There is still going to be a several month pinch before its made into gas to relax the prices. And because of just how the market works that oil may cost more than it did last year. Also a lot of people dont seem to understand that you can only stockpile diesel and gas for so long before it goes bad and turns into varnish. It does have a shelf life. So we cant have a bunch of it sitting around several decades that isnt being used. Just as an emergency stockpile in case of an oil market crash. So i wanted to bring that up to. Just because of how gas and diesel are made its difficult to quickly produce it on demand so that the prices never fluxuate.

Greatest country?🤣🤣🤣

The reason for the high cost is to avert a 3rd world war. What we pay extra at the pump saves me and my fellow Battle Buddies from having to go die in in Europe. All of you that want lower prices at the pump need to take it up with Putin.

johnny mccracken Amen, you nailed it!

Then you know he left out a lot and never did tell us the reasons for high gas prices, I never worked in the hydro-carbon industry, but know more about drilling and fracking then what he said in this video.

@@mikerowan1132 the shale boom was nothing more than a ponzi scheme.. Get cheap money, drill a well, drill another well as fast as you can to pay for the loan you took out to drill the first well.. Meanwhile, every other Tom Dick and Harry is doing the same thing, flooding the market.. Then add Saudi and Russia driving the price down even further and you have a massive glut of oil.. .And people think it was because of Trumps great leadership... We had cheap oil because of cheap money and greed...

@@mikerowan1132 “Control oil and you control nations” - “Control food and you control the people.” _Henry Kissinger

I own a Nissan Leaf. Very affordable, and all electric. It is practical for me. There are charging stations all over the place and it costs $9.00 in electric to totally recharge the battery. Look at theFord all centric pickup truck. Amazing. Oh, I live in cold country and the Leaf handles snow very well.

@@jh9855 what area of cold are talking? Is it garaged? What about at work or when you're shopping. I'm curious about these and more questions.

I like to tell people that work for the government that they don't pay taxes, TAXES PAY THEIR TAXES!

Governments do create money. Reserve banks and treasuries, arms of governments create money. A huge amount of money has been created in the last couple of years to buy government debt and this is causing inflation. You will not hear this in the corporate media as it’s politically incorrect. It’s much better to blame greedy businesses.

@@jh9855 yeah until all 331 million Americans plug their leafs in and what’s that do to the power grid?