This week, I appeared on Daniel Davis’s and Mario Nawfal’s shows. First, Daniel and I discussed Trump’s claim that the Iran war is nearly over and energy prices will soon plunge, versus the real damage to oil infrastructure, record diesel costs hitting farmers and truckers, drained SPR stocks, constrained global supply, coming cost-push inflation, and why walking away and rebuilding flows is the only way to limit a deep recession. Next, Mario and I discussed record diesel prices and the East-West pipeline shock that has left Europe and Asia short of crude and products, the messy fallout of a possible U.S. diesel export ban, bond-market pressure from inflation and fiscal excess, and how years of policy have widened inequality and hollowed out the middle class. Both interviews are below!
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Record Diesel, Missing Oil, and Why Energy Prices Won’t Plunge with Daniel Davis and Mario Nawfal
Energy
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Record Diesel, Missing Oil, and Why Energy Prices Won’t Plunge with Daniel Davis and Mario Nawfal
Chris appears on Daniel Davis and Mario Nawfal’s shows to discuss the Iran war’s energy damage, record diesel prices, global supply shocks, inflation risks, and why ending the conflicts is needed to limit a deeper recession.