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Oil Markets Sleeping at the Wheel | US News
Oil prices are dangerously calm despite escalating Middle East tensions and Russia’s collapsing refining capacity—economist Steve Hanke calls it a market asleep at the wheel. With Russia now importing fuel instead of exporting it and U.S. inventories at perilously low levels, prices should be soaring—but they’re not. Hanke argues the disconnect is unsustainable, warning that if geopolitical risks or supply shocks intensify, markets could be “mugged by reality” and prices could spike suddenly. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on…
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