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Thursday, January 5, 2023

Tucker Carlson gets it wrong about high energy prices

Last night, Tucker Carlson blamed the energy crisis, by which he meant high energy prices, on Putin's invasion of Ukraine. Let's see if that claim is true, with a simple comparison of three US energy prices in January 2023 versus January 2022. We know that January 2022 was the month BEFORE Putin decided to stop the 2014 to 2022 genocide in Ukraine, where 11,000 Russian speaking Ukrainian civilians had been killed by the Ukraine military, as every other nation in the world did nothing, yet again, while a genocide was in progress. Many nations had signed the 1948 Genocide Convention, promising to stop all genocides, anywhere in the world, by any means necessary. Russia was the first signer to stop any genocide since 1948, yet they waited eight years to do it in Ukraine, after 11,000 civilians were killed (plus 3,000 dead Ukraine soldiers):

US residential electricity price:
January 2023: 16.32 cents per kWh (1 kWh is 1,000 watts)
January 2022: 10.3 cents

US gasoline price:
January 2023: $3.29 per gallon
January 2022: $3.38

US natural gas price:
January 2023: $3.89 Henry Hub spot price -- millions of BTU
January 2022: $4.17 

If Putin caused energy prices to rise, as Carlson claimed, then why are two of three key energy prices LOWER today than one year ago, AFTER over ten months of that war?

The current price was compared with one year ago, using the January 2022 date closest to being one year before January 4 or 5, 2023.