Ep. 1842 - Gas Prices Are Out Of Control. Here's What No One Is Telling You.

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The Matt Walsh Show 36 min 1 speaker 4 chapters transcribed 2 hours ago
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Why do conventional explanations for high gas prices miss the bigger energy crisis?

Matt Walsh 0:00
Conventional wisdom is that high gas prices are the result of the war in Iran, that they're gonna result in heavy losses for the Republicans in the midterms, and that the cost of living is going to remain high for the foreseeable future. But this consensus view, while not entirely wrong, is actually a simplistic and very optimistic version of events. The truth is actually worse than what conventional wisdom says. The truth is that we're now careening towards a potentially historic energy crisis, and solving it won't be easy because it's a physics problem, not simply an economic one. There are a lot of theories about where this potential energy crisis is coming from. We just spoke to a White House official uh off the record who posited one theory, which we'll talk about in just a moment.
Matt Walsh 0:45
But before we get to that, we need to establish that as hysterical as it may sound, And as depressing as it is maybe to hear on a Monday, it is indeed the case that a full blown catastrophic energy crisis could be on the horizon. In fact, that is actually becoming something of a mainstream opinion if if you know where to look. According to analysts at major financial institutions, including JP Morgan, we could soon realistically hit the operational floor for the global energy system, which in the worst case scenario could lead to the point where pipelines lose pressure, refineries have to shut down to protect their equipment, and gas stations run out of fuel to sell. Now nob nobody really talks about this, but as it turns out, fuel infrastructure requires a certain minimum amount of fuel to function.
Matt Walsh 1:33
So think of it like your body, you know, requires a certain amount of blood running through the veins or else it will shut down completely. When it comes to our oil infrastructure, that buffer is now in danger of failing, and it's not entirely because of the war in Iran. which becomes clear when you realize that the vast majority of oil exports from the Middle East are sent to Asia. Not the Americas. But there is a supply shock, and we need to talk about it because the magnitude of the risk can't be overstated. Every civilization requires energy to function. Without energy, we go back to the Stone Age. Look what's happening right now in Europe. It was just a few years ago that Germany, the biggest economy in Europe, got rid of all of their nuclear power plants.
Matt Walsh 2:20
They shut them all down in favor of renewables, and they laughed at anybody, including Donald Trump, who said that they were making a fatal mistake, even though they obviously were. And around the same time, Germany ran out of firewood completely. The price went up a hundred percent. Uh, and then nobody could buy it anymore. Loggers put GPS trackers on their firewood because theft became so rampant. People began using wood chips in desperation. In neighboring Poland, instead of lining up outside, you know, the Apple store for the latest iPhone, people were queuing for days outside of coal mines, hoping for some fuel. Now this statistic sounds too insane to be true, but it is true. Every year in Europe, more than 360,000 people die from cold-related excess mortality, otherwise known as cold temperatures.
Matt Walsh 3:10
And that includes many elderly people living in their homes which don't have adequate heating uh and other causes. Now that's more than eight times the number of Europeans who die from heat related causes, which is, you know, pretty inconvenient if you're a big believer in global warming. Turns out the problem is maybe, you know, the opposite. Uh in the United States, by contrast, we only have around a thousand hypothermia deaths per year, mostly drunk people, you know, who get lost in the woods during the winter, uh, homeless, you know, drug addicts and that sort of thing. But even by the most liberal estimates, only around forty thousand Americans die annually for a reason that can be linked in some tangential way.
Matt Walsh 3:48
to cold temperatures. So here's another way to measure uh the distinction or to put it in perspective. In America,

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