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MacroVoices #349 Rory Johnston: Crude Oil Outlook & SPR Discourse

Macro Voices

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Shell Growth

In the 2014 through 2018 period, there was so much easy money courtesy of what I think was reckless monetary policy. You could get money very easily to do just about anything. In fact, it's already dried up. But let's assume that after a year or two, if we get into the energy crisis that I think is coming, it's not going to be $100 a barrel oil anymore. It might be $150 or even higher. At that point, it becomes a national emergency and perhaps under a different political leadership, the energy policy is different. And the government is saying, look, we're going to support our oil industry because we need to get out of this pickle

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