Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
Why the Iran Deal Could Crush Oil Prices Below 80
Crude is falling fast — WTI dropped 7% in a week as markets price in a potential Iran nuclear deal. Lucas and Luna break down the specific numbers: what an extra 1.5 million barrels per day of Iranian supply would do to global balances, why the selloff accelerated on June 12, and how the oil market has already started discounting a deal that isn't signed yet. They also examine why gasoline prices aren't falling as fast as crude, and what the recent CPI and PCE data tell us about inflation stickiness. Plus: a look at why clean energy stocks like Enphase and First Solar are sliding…
The skinny
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