Let’s look at all the facts - CQ Today

We are all paying more for petrol because the free world has turned away from developing its resources. Instead, some countries have decided to get their resources from autocratic dictatorships. Now that some of those, like Russia, are acting like dictators we have a massive shortage of almost all key commodities including oil.

There is the absurd situation that Europe is unified at opposing Russia's aggression yet it continues to import 40 per cent of its gas from Russia. And this gas is transported to Europe through pipelines that run over the Ukrainian battlefront. Given the higher oil prices, some estimates show that Europe might be paying Russia over $6 billion a week for gas now.

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