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211 | Marshall and Saagar Unpack Ukraine: Peace Deals, Oil Sanctions, Russophobia, and Settling In for the Long-Haul

The Realignment

00:00

Gas Prices, We're Not Drilling, We Need Energy Policy

In two thousand and 18 we poured 500 billion, these are private investors, into shail gas producers. Well, what happened in two thousand 20 covin, right? So gas price plummets. These guys take a massive loss. On that massive loss, now we have all this money that is poured in, and then we have a demand shock. At the end of coved, people start driving again, and the gas price goes up. Normally you would see a commensurate increase in drilling and in production on facilities that people own. But they don't want that because with the profits and the money that's pouring in from the high gas price, they're recooping

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