Radical, leftist energy policies pushed forward by the Biden Administration are responsible for our higher consumer gas and electric bills. Friday blogger at To Advance Freedom and author Rick Turnquist discusses his latest essay Prices and Profits: What Leftists Get Wrong. Higher prices are better for oil & gas companies, but they don’t control the prices themselves. When prices are too low, oil & gas companies are required to record further losses, called impairment losses. Companies all over America were recording billions of dollars in these losses around the pandemic. In short: prices & profits aren’t as straightforward as people may be lead to believe. Prices aren’t only set by supply & demand, but also by government & regulations. Prices aren’t only set by supply & demand, but also by government & regulations. Listen to the full interview in the first hour.
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