So ... how long until these oil prices get REALLY bad
Summary
Hosts Waylon Wong and Darian Woods explore why oil prices remain near $100 despite the Iran conflict, defying earlier $200 predictions. They attribute this stability to U.S. fracking, increased global supply from Canada and Venezuela, and falling demand, particularly in China. However, experts warn that dwindling strategic reserves could lead to a catastrophic price spike if the war persists through the end of the year.
Topics discussed
Intro: The mystery of stable oil prices
Sponsors and Up First news highlights
Reason 1: US fracking and export capacity
Reasons 2 & 3: Strategic reserves and global supply
Reason 4: Dropping demand, especially in China
Future risks: Depleting reserves and historical context
Credits, NPR membership, and Fresh Air promo
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