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great_blue_hill t1_ivqy8qk wrote

Nah they voted against power lines that would keep my electric bill from going up 60%.

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Essarray OP t1_ivr0v50 wrote

Any reason to believe it wouldn't go up either way?

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great_blue_hill t1_ivr2ual wrote

The rates went up because natty gas, which we generate electricity from, went up. Hydro costs haven't changed beyond inflation. https://www.hydroquebec.com/residential/customer-space/rates/comparison-electricity-prices.html

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Essarray OP t1_ivr4rfh wrote

So you don't think costs go up because companies make more money that way?

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great_blue_hill t1_ivr7ag7 wrote

Sounds like an Elizabeth Warren talking point.

https://www.eia.gov/dnav/ng/hist/n3045us3m.htm

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Essarray OP t1_ivskmwj wrote

Nope. Just common sense: the more you charge the more you make. If you have a product that people need to survive they'll pay almost whatever you tell them.

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[deleted] t1_ivubafj wrote

Why would this occur in any given period of time versus any previous period of time? That's kind of the question at play.

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Essarray OP t1_ivudegp wrote

Tantrums when corporations don't get their way? Fewer obstacles to discourage it? I'm not seeing anything that says 'necessity.'

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[deleted] t1_ivwseym wrote

Fewer obstacles to discourage what exactly? When the purchasing power of the dollar decreases against pretty much every good in our economy, your explanation is that there is some kind of angry tantrum on the part of many companies leading to punitive price increase?

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Essarray OP t1_ivwzlhj wrote

Price gouging.

We're talking about oil companies, right? They don't seem to be hurting. So yes, that is my accusation. But go ahead and keep defending the poor innocent bastards.

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great_blue_hill t1_ivsyefx wrote

Cool so dumb lib talking point. There are sanctions on Russian energy exports if you haven’t noticed yet.

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Essarray OP t1_ivsyxtu wrote

Yes, there's a reason for that you might be aware of.

Here's another lib talking point (acknowledging them doesn't refute them): prices have gone up and the companies are bragging about record profits. Ultrasimplistic? Yes. Realistic? Completely.

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great_blue_hill t1_ivt14o1 wrote

Corporate profits are almost always at a record high just like the size of the economy is almost always at a record high just like employee compensation is almost always at a record high. It’s called “economic growth.”

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