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Oil and More Oil

Moody's Talks - Inside Economics

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Oil Prices

If you do the arithmetic, and this is an assumption, this is the outlook, i'm assuming that about a million, million half barrels a day kind of get dislocated here. That's russian oil that's not being being consumed in the global market. And that means temporarily higher prices. I don't know exactly how this hall plays out, but that's the kind of working assumption. The economy will be will grob strongly this year. Everything sticks to script,. if we get back to full employment by the end of the year and inflation starts to moderate significantly by next year.

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