Why Gas Got So Expensive (It’s Not the War)

Sign up for Nebula Classes for 20% off at http://NebulaClasses.com/wendover Watch Extremities at http://youtube.com/extremities Buy a Wendover Productions t-shirt: https://standard.tv/collections/wendover-productions/products/wendover-productions-shirt Subscribe to Half as Interesting (The other channel from Wendover Productions): https://www.youtube.com/halfasinteresting Youtube: http://www.YouTube.com/WendoverProductions Instagram: http://Instagram.com/sam.from.wendover Twitter: http://www.Twitter.com/WendoverPro Sponsorship Enquiries: wendover@standard.tv Other emails: sam@wendover.productions Reddit: http://Reddit.com/r/WendoverProductions Writing by Sam Denby and Tristan Purdy Editing by Alexander Williard Animation led by Josh Sherrington Sound by Graham Haerther Thumbnail by Simon Buckmaster References [1] https://www.eia.gov/outlooks/steo/data/browser/#/?v=6&f=M&s=0&start=200201&end=202312&map=&linechart=~PASC_OECD_T3&ctype=linechart&maptype=0  [2] https://www.politifact.com/factchecks/2022/mar/10/facebook-posts/yes-oil-companies-are-reporting-record-breaking-pr/ [3] https://www.iea.org/data-and-statistics/charts/global-investments-in-oil-and-gas-upstream-in-nominal-terms-and-percentage-change-from-previous-year-2010-2020 [4] https://www.statista.com/statistics/1212157/capital-expenditure-of-exxon-mobil [5] https://www.statista.com/statistics/561591/bp-capital-expenditure/ [6] https://www.statista.com/statistics/561546/shell-capital-expenditure/ [7] https://www.statista.com/statistics/1212180/capital-expenditure-of-chevron-corporation/ [8] https://www.rystadenergy.com/newsevents/news/press-releases/shale-getting-stingy-reinvestment-rates-in-the-US-hit-historic-lows-in-Q3-shaping-record-free-cash-flow/ [9] https://www.theatlantic.com/science/archive/2022/01/oil-prices-clean-energy-investments/621161/ [10] https://novelinvestor.com/sector-performance/ [11] https://www.statista.com/statistics/580711/sandp-500-returns-by-sector/ [12] https://finance.yahoo.com/news/the-real-reason-gas-prices-are-so-high-163554412.html [13] The Quest: Energy, Security, and the Remaking of the Modern World - Daniel Yergin Select footage courtesy Getty and AP; Select imagery courtesy Geolayers; Select music courtesy Epidemic sound