THIS is The Reason Why Gas Prices Are High

Recently, energy prices have been raising all over the world. Especially, in America, gas prices have reached record-high levels of $4.7 per gallon on the national average but paradoxically crude oil prices on the global markets are not high. In Europe, it’s a catastrophe almost because not just fuel but the price of natural gas has gone through the roof. The price of natural gas in Europe hit an all-time high on March 7, briefly touching 345 euros per megawatt-hour. That’s equivalent in energy to prices of $600 of oil per barrel. Before the last 12 months - when the European gas market was rocked first by a compounding series of market trends and mishaps, and now by Russia’s invasion of Ukraine - the prices had stayed roughly in the range of 15-25 euros per megawatt-hour for a decade. Energy is becoming inaccessible and expensive. So in this video, we will talk about why gas prices are high despite crude oil prices per barrel being low, and are we running out of oil and gas, and what happens if we do?
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[@marie-louiseleroux828]

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That's why you need the help of a professional who understand the market and how it works very well

[@D.Jay.]

We've been using non electrical hydropower and wind power for eons too

[@duret-robertlouis2973]

2:52 why is the nuclear plant cooling tower shown releasing CO2 ? You know the towers release water vapor right ? There is no CO2 emission during the functionning of a nuclear power plant

[@CuriousReason]

oops, minor mistake, should have been coal. I am a strong advocate on nuclear energy. Its double shame for me.

[@duret-robertlouis2973]

@@CuriousReason oh yeah I saw a video about how clean nuclear is on your channel, I was confused haha

[@irallan]

If you study the geological record of C92 concentration you will find that very recently CO2 levels were at 180 ppm..150 ppm us where all plants die..thanks to the CO2 we have emitted and that the planet warmed at the right time we avoided an extinction event. Back in the age of the dinosaurs CO2 was at 6000 ppm..a period where life was at its most abundant..EXTRA CO2 in the atmosphere helps the environment..if you have any scientific credibility you would know this..water vapor is the main greenhouse gas..it is water vapor that causes heating..the geological record actually shows CO2 levels are reactive to temperature..not the other way round as the pathetic climate alarmists claim. THIS IS THE TRUE SCIENCE.

[@CuriousReason]

I did a video on nuclear energy and how its the cleanest and safest form of energy out there, Check it out: kzbin.info/www/bejne/qZTUkKR6ZdmWb8k

[@mukhtar__]

first of all, congrats on the 100k! secondly, those animations are just god tier lol keep it up!

[@fretkoe]

Congrats on 100k 🥳

[@CuriousReason]

Thank you so much 😀

[@julianputnam8290]

Time to switch to nuclear power

[@CuriousReason]

I did a video on nuclear and how its the cleanest and safest form of energy: kzbin.info/www/bejne/qZTUkKR6ZdmWb8k

[@mohamedazim4255]

Ya, when war comes 1 bomb then entire city boooooom......

[@Wanted797]

Except it will take about 10 years to build it not to mention the cost is insanely high.

[@mrb152]

Mohamed. No when war comes the army wants control of a working nuclear facility. Blowing it up is a very bad idea.

[@jeffspaulding9834]

@@mohamedazim4255 Nuclear reactors don't work like that.

[@Bunaliua]

That is the price we already pay in some countries in Europe....

[@DangerAmbrose]

No one in the 70's said oil would run out by 2000. It was predicted by Shell, BP, Exxon, ect...., using M King Hubbart's peak oil theory, that global production of light crude would peak around the 2000's. Oil production for sweet light crude actually peaked in 2005.

[@iirosiren5120]

Im paying 11$ a gallon and i live in finland😂 Aboat 160$ to fill my tank.

[@CuriousReason]

holy guacamole!

[@futurekillerful]

Very informative.. I honestly thought the gas prices were high because of the situation in Russia before watching this.

[@jtgd]

That’s the current administration’s excuse

[@garretlevi]

Ya, it's definitely affecting them, but gas prices were already high and on the rise way before that war started.

[@mrb152]

That explanation doesn’t even make sense because Russian oil is still on the market. The Chinese but it meaning they buy less oil from them elsewhere.

[@futurekillerful]

@@mrb152 it does if you’re a guy like myself that doesn’t keep track of oil like that tbh. I study other topics to some degree but my focus is law and religion.

[@mrb152]

Not criticizing you Future Lawyer. This administration’s excuse. They know better.

[@night-sky_]

My countries gas prices are already at 10 euros a gallon

[@PlayNiceFolks]

Another reason is the massive loss in profits during the pandemic, so oil and gas companies had to recoup that loss of profit. So while a lot of people complain about the high profits from these high prices, they don't mention the record profit losses that occured during the pandemic.

[@RemusKingOfRome]

You had many bankruptcies and consolidation during the oil crash, now we have fewer companies and competition is far less, thus higher prices. Plus these major oil companies are not spending CAPEX - money on exploration because of the green agenda. The Green mafia will destroy the world economy.

[@PlayNiceFolks]

?

[@dkumar8088]

They import to get a kick back.

[@UHaulShorts]

(Spallchalk edit) 3:14 Try *anti great reset agenda*

[@-_James_-]

The reason for electric car uptake in Norway has very little to do with tax on fuel. The main reason is the 120% tax you pay when you buy an ICE-based car. These taxes are non-existent for EVs, so the cost of an EV here is the same (more or less) as the cost anywhere else, unlike an ICE car here which is double the price of the same car in other countries. And Norway has some of the cheapest petrol prices in Europe, relatively speaking. The difference in price between here and Spain, for example, is maybe 10-20 euro cents, but when you consider that salaries in Norway are two to three times higher than in Spain that difference becomes negligible. The current rise in petrol prices has very little to do with tax. Inflation is also only a tiny part of it. The vast majority of price rises today are due to price-gouging by the oil companies.

[@evanbrown2594]

Oil companies are selling oil for what the market rate sets. They are not drilling because of delayed investment in new reservoirs and the lag effect of development. You can’t just drill more holes into the earth. The physics of fluids in porous media doesn’t allow it.

[@tronicit]

Cry me a river. It’s nearly $10 a gallon here in Australia.

[@jackfloc0]

10$ per galloon naaah

[@RAF.Signals-Para-MCU.]

I don't know why the spams constantly whinge about petrol prices; as I write this the US average is $4·68 a spam gallon. Equivalent prices are: Philippines $5·83; Australia $5·48; UK $8·73.

[@jeffspaulding9834]

Spam? I've never heard that term used to describe Americans. What's the reasoning behind it? Anyway, Americans complain about it because most of us don't notice the rest of the world exists. Currently, one of our two political parties is blaming fuel prices on the current president (who belongs to the other party), who somehow magically has the ability to affect the price of fuel around the world. The other party blames Putin. It's silly, really. Sure, we drive a lot more than most of the world does (all but our oldest cities are designed for cars, and public transit is a joke outside of the northeast), but the average American spends a rather small percentage of their income on fuel so the difference isn't that much. It does make the cost of goods go up, but again it's not as much as people seem to think (trucks get about 5-7 miles per gallon, but can carry over 20 tons of products at a time). People just like to complain. Smile, nod, and move on.

[@RAF.Signals-Para-MCU.]

@@jeffspaulding9834 Spam was a term coined by members of the RAF to define USAF personnel originally, but it has since been expanded to cover all US Americans. This was long before the internet came into being, and has nothing to do with spam mail. It is not complimentary; Sadly Parochial Arrogant M (choose your own noun).

[@jeffspaulding9834]

@@RAF.Signals-Para-MCU. I'll have to remember that one. I used to be in the USAF, but sadly never made it to the UK (save for sleeping on a bench in Heathrow once). I do encounter RCAF folks sometimes at Thule AB, but they've never used the term around me so I don't know if they use it or not. Thanks!

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Great stream, as always. I appreciate the level-headed approach you take to the news and the markets. A lot has changed and that's on everything but the truth is I don't even care much about bullish or bearish market anymore because Mr Richard got me cover as I am comfortably making 1.5B T C monthly...🤑

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[@craigmertz1994]

doge?

[@Kegelcizer]

Great info, but about the price in the thumbnail, I'm already paying $10 per gallon and I'm gonna pay $40 when US pays 10, stop crying.

[@CuriousReason]

WOW, Where do you live?

[@Kegelcizer]

@@CuriousReason Europe xD

[@Jsanon00]

Why fuel prices are absurdly high right now: ESG, climate regulation/ policy disincentivizing reinvestment into future fossil fuel production. This has been happening for the past decade.

[@moonpeach4684]

📡🇨🇳......🇩🇪🇪🇺🇬🇧 shutting down nordstream....end of west 🇺🇲 will grind to a halt by December

[@StrangerHappened]

*SORRY, but this is a failure.* Videos like this should be factual, not propaganda tools with the nonsensical narrative like "the European gas market was rocked first by a compounding series of market trends and mishaps, and now by Russia’s invasion of Ukraine", where you skip the core fact that the West has imposted illegal sanctions against Russia (according to international law, only UNSC can issue sanctions), which has turned into a self-inflicted wound with high spikes of prices/inflation on many goods and services, including all kinds of energy. Russia's invasion of Ukraine itself has nothing to do with energy markets, global prices and inflation. It is just the Western reaction to it should not have been moronic and harmful to its own economies and people (while doing nothing to stop Russia's advance) -- for the sake of dragging Ukraine into NATO at all costs.

[@CuriousReason]

Its no mystery western sanctions did the most damage to energy prices given Russia is one of the biggest exporters of fossil fuel energy. Western world wants to cut the financial lifeline of Russia but shooting themselves on the foot simultaneously. In 2008 oil prices have gone through the roof, the record high in histroy, but there were no sanctions on Russia or on any other energy exporting giant. Market trends, mishaps do happen as well. Ukraine should just sit on the table and maybe accept Russia's terms or Russia accept Ukraine's terms (which it will never do) or the war will continue for years to come so is the energy prices will continue rising.

[@StrangerHappened]

@@CuriousReason The prices might fall before the war in Ukraine will end (who knows when it will happen), if the economy shrinkage that is already there in the USA and Europe, including Russia, will lead to decreased demand for energy. This, however, might not happen since China and most other countries continue their growth, so the price of oil (and other prices) will be still relatively high. The price of gas is a separate issue as it can be pricey regardless of the price of oil due to transition to so called "spot market" prices system instead of long-term contract where gas price was tied to oil price.

[@D.Jay.]

@@CuriousReason Weren't there a great deal of sanctions in 2007-08 in the middle east (mainly Iran) that caused oil prices to jump right before the market crash as well?

[@PlayNiceFolks]

Kind of odd to talk about "illegal sanctions" in the context of one nation "illegally" invading another sovereign nation.

[@StrangerHappened]

@@PlayNiceFolks It odder to talk about "illegal" invasion when it is legal as per the UN charter that protects people's right to self-determination, which was recognized in international court as supreme over territorial integrity principle on the basis of Kosovo precedent, where the USA, the EU and other Western countries sided with the decision. So Russia has recognized Donbass and as per agreement with the region is aiding them with the stopping the eight-year-long war and liberating them from the Western-funded/trained literal neo-Nazis.