Where Are Oil Prices Heading?
Summary
The episode examines the precarious state of Middle Eastern energy supplies following Houthi attacks on Saudi infrastructure and the Bab el-Mandeb Strait. Dow Jones energy head Andy Critchlow discusses how drone warfare has flipped global security dynamics, exposing vulnerabilities in US and Chinese naval protection. Reporters Benoit Morein and Conrad Putzier analyze the resulting surge in gasoline and diesel prices, noting that while energy inflation is high, it has not yet triggered broader core inflation. They explore limited government options, such as diesel export bans or price caps, …
Topics discussed
Sponsor message and show introduction
Overview of global fossil fuel supply chain disruptions
Introduction of guest Andy Critchlow
How drones and surveillance have changed energy security risks
China's exposure and the rise of electric vehicles
US response to Houthi attacks and historical precedents
Skepticism regarding Strait of Hormuz reopening forecasts
Transition to US gasoline prices and sponsor break
Impact of energy inflation on different demographics
Airfare demand and core inflation concerns
Energy executive perspectives on supply and price caps
Political options for lowering prices before midterms
Government policy options: price caps, cash, and interest rates
Closing remarks and credits
Sponsor message for David Booth's book
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