What's the new normal for global oil?
Summary
Oil prices surge past $100 as Middle East conflicts disrupt global supply, driving up trucking costs and inflation. The episode examines how these rising expenses force businesses to absorb costs or raise prices, while also covering the impact of tariffs on small businesses like Death by Audio. Additionally, it explores the U.S. solar industry’s efforts to localize manufacturing through new polysilicon tariffs and features a homeowner who quit his job to renovate his house.
Topics discussed
Sponsored segments and show introduction
Oil prices surge past $100 due to Middle East conflict
Rising trucking costs and supply chain impacts
Interview: Tariff refunds and business challenges
New tariffs aim to boost US solar manufacturing
Market numbers: Stocks, bonds, and earnings
Sponsored segments for Gusto and University of Illinois
AI in drug discovery and FDA regulatory bottlenecks
Clocked Out: Quitting job to renovate a home
Retail return fees and show credits
Listen ad-free on Castria