The Latest Oil Price Panic | Forex Factory

  • The Latest Oil Price Panic

    From robinjbrooks.substack.com

    We’re currently in the third big panic over oil prices. The first one was in March, right when I did my first post pushing back on the ubiquitous view that oil prices needed to rise a lot further. Brent was up 80 percent from before the war at the time. My post did simple, back-of-the-envelope calculations to show this more than fully priced Strait of Hormuz closure. This is also when I did Paul Krugman’s amazing podcast, arguing the same point. We recorded that podcast on Thursday, March 19, and the episode wasn’t scheduled to air until Saturday, March 21. Oil prices were rising so fast that we both worried my ... (full story)

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