https://www.frontpagemag.com/fpm/2022/05/pumping-prices-john-stossel/
The price of gas keeps rising.
“The reason for that is because of Putin’s war,” said President Joe Biden.
But that’s impossible. Most of the price rise came before Putin attacked Ukraine.
So some politicians simply blame “corporate greed.”
Sen. Sheldon Whitehouse accuses the oil industry of collecting “excess profit.”
Sen. Elizabeth Warren even introduced a bill to ban “price gouging.”
This is just economic ignorance, as my new video explains.
“If big oil could raise prices anytime they wanted and get away with it, then why were they so cheap in 2020, 2019, 2018?” asks the Competitive Enterprise Institute’s Ben Lieberman.
Lieberman points out that companies are always greedy. Greed didn’t just start now. They were just as greedy when gas prices fell in 2019 and early 2020.