The US has become largely because of the shale gas revolution almost energy independent. It's gone from being one of the biggest importers of crude oil in the world to actually a net exporter. The other thing it did was made manufacturing much cheaper here. But that all came crashing down by 2020 when oil supply, oil prices crashed and oil supply in the US tumbled as well.
There’s been a lot of big finance and economics news in 2023. Whether it's stories about rising interest rates, tech industry layoffs or bank runs, it can almost feel like you need an MBA just to make sense of it all. That’s why the Financial Times is launching a bonus series called Behind the Money: Night School.
Over the next five weeks, this show will help you understand the concepts behind the biggest economic stories of this year. U.S. managing editor Peter Spiegel chats with FT journalists as they unpack the basics around things like energy markets, inflation and the rise of artificial intelligence. This series is supported by Blinkist. If you want to find out more about conversations like this, check out the Blinkist app.
Behind the Money: Night School is out now. Find it by subscribing to the Behind the Money podcast wherever you listen.
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