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A Concrete Plan to Bring the Price of Oil Down Right Now

Jun 22, 2022

Skanda Amarnath, Executive Director at Employ America, and Rory Johnston, founder of Commodity Context, delve into the pressing issue of soaring oil prices. They discuss urgent strategies to boost oil supply, including the use of the Strategic Petroleum Reserve and innovative interventions like a buyer's cartel. The duo highlights the intricate relationship between oil prices and the economy, warning of potential recession risks from Federal Reserve policies. They also examine domestic refining capacity challenges and the geopolitical factors complicating the energy landscape.

45:56

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Episode guests

Rory Johnston

Skanda Amarnath

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Episode notes

Intro

2min

Navigating Oil Prices and Economic Strategies

14min

Utilizing the Exchange Stabilization Fund for Economic Stability

3min

Navigating Oil Production Risks and Market Uncertainties

4min

Navigating Energy Policy Shifts

9min

Innovative Strategies for Oil Price Control

5min

Exploring Domestic Refining Capacity Challenges and Solutions

2min

Federal Reserve, Oil Prices, and Economic Balancing

11min

The price of oil is the central threat to the economy right now. Surging gasoline costs crimp consumer budgets. Surging diesel costs make everything more expensive. And of course, we know there are all kinds of structural impediments to increasing supply. But the stakes are huge, particularly since the Federal Reserve has signaled its willingness to throw the economy into a recession, if that's what it takes to get inflation down. So is there anything that can be done? On this episode of the podcast, we speak with Skanda Amarnath, the Executive Director at Employ America, as well as Rory Johnston, the founder of Commodity Context and an investor at Price Street, to talk about concrete steps that can be taken to increase oil supplies and bring about price stability.

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