Here Be Animal Spirits
The Jacob Shapiro Podcast
00:00
Inflation and Energy - The Biggest Driver of Demand for Oil
Going into the year, my focus was that energy would have to hit 300 to 500 to start to have the demand destruction that it would need. I didn't think we could get up there without totally destroying the globe because of the structural issues that exist and make it much more challenging. But i did believe, for variety of reasons, that nominal g d p was going to stay higher for longer. Now four things have changed this year.
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