I know, I know. Didn’t we just do this episode? Kinda, sorta. But not to this extent. In our Peak Oil episode we reviewed the history of oil as a commodity, currency and weapon on the world stage. This episode picks up where we left off to drill deeper (pun intended) into the story of crude and how it shows up as $5 gasoline at the pumps. We debunk several myths surrounding high gasoline prices and unequivocally point the finger at who’s to blame. 

Chapters

Intro: 00:00:16

Part 1: 00:01:14

Part 2: 00:04:24

Part 3: 00:09:07

Part 4: 00:13:50

Part 5: 00:18:48

Post Show Musings: 00:26:11

Outro: 00:40:24

Resources

Investopedia: Understanding the Correlation Between Oil and Currency

Econbrowser: Gasoline price calculator

EnergyWorld.com: How much for gas? Around the world, pain is felt at the pump

EnergyWorld.com: Opinion: White House tries to blame US refiners for its own overheating error

U.S Energy Information Administration: World liquid fuels production and consumption balance

Statista: Daily demand for crude oil worldwide from 2006 to 2020, with a forecast until 2026*

Marathon Petroleum Corporation: Marathon Petroleum Corp. Reports First-Quarter 2022 Results

MacroMicro.me: US Dollar Index vs. Oil Price

CNBC: China oil demand must remain weak or we will have tough summer, IEA’s Birol says

The New York Times: Biden Pushes Congress for Three-Month Gas Tax Holiday

UNFTR Episode Resources

Peak Oil: It's a Crude, Crude World.

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