When the Strait of Hormuz closed, many feared the worst. Analysts predicted oil could hit $200 a barrel, ushering in a global energy crisis. That hasn&#x27;t happened, but it doesn&#x27;t mean we&#x27;re out of the woods. Also, are Pokémon cards a good investment, or are collectors being played? And — what it&#x27;s really like to go bankrupt?

We avoided an oil crisis. Then diesel prices spiked.

Cost of Living

Is your feed full of wild weather, climate headlines, and a barrage of hot takes? Same. I'm meteorologist Johanna Wagstaff, and on our podcast, What on Earth?, my team and I break down the actual science behind the news. We unpack the big climate and weather stories, explore and scrutinize real solutions, and reveal a little wonder about our planet along the way. No doom scrolling, no judging, just facts you can trust. Find and follow What on Earth every Saturday, wherever you get your podcasts.

This is a CBC Podcast. Every day, around 400 Canadians declare bankruptcy. And it almost goes without saying, it's no one's first choice. It's incredible how scared people are of that word. And part of it is that they feel like they're walking away from everything. They're giving it all up. They're saying, I can't do anything anymore.

So, bankruptcy. Yeah, you guessed it. Not super fun. I'm Paul Havershrood. Welcome to The Cost of Living. Canadians are carrying around $3 trillion worth of household debt.

We owe a lot. And not everyone can pay it back. So when that happens, and your back is truly up against the wall, what is it like to declare bankruptcy? Also today, Pokemon cards. Collectors are in a tizzy. They're paying thousands for cards, hoping to cash in on the craze.

But even if they do catch them all, can the cards escape the laws of supply and demand? Up first, the war in Iran didn't send oil prices to the moon, to the great relief of the global economy. But does that mean we've actually dodged an energy crunch?

We avoided an oil crisis. Then diesel prices spiked.

Read the full transcript

The candid version is on a podcast,
not the earnings call.

We avoided an oil crisis. Then diesel prices spiked.

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.