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I think if you look at what is happening in the USA today, you will see some parallels. Our president appears to have created a national policy designed to shift us to "green energy" even though we aren't ready. This policy has not been openly declared (unless you count statements made during his campaign), or publicly reviewed for consequences (such as those we are seeing now). Encouraging a "transition" (his word) is fine, but forcing it is causing great damage to western economies.



What are you talking about specifically? Overly politically minded people love to say the US president is doing this or that but in reality the president doesn't have all that much control. Even rejecting things like oil leases on natural lands are a) a small proportion of the supply and b) won't have an impact for years because it takes time to drill wells and move oil. The idea that Biden could wave his hand tomorrow and make gas $2/gal or $10/gal on a whim is pure conspiracy-mongering fantasy.

The US has been pushing hard for green energy (and constantly talking about it) for two decades. Congress and states have passed lots of legislation related to it. The Texas wind farms and CA solar industry long pre-date the current president.

For my part I think gas prices are driven more by refineries needing to re-start and re-hire/re-train after the COVID slowdown, plus some amount of market anxiety due to Putin's land grab.





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