Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
Why Oil Plunges as the Strait of Hormuz Closes Again
Episode 64 of Energy Economics with Fexingo digs into the paradox of crude prices dropping sharply even as Iran reportedly closes the Strait of Hormuz again. With WTI down 5.2% in five days to $76.54 and Brent slipping to $80.59, Lucas and Luna ask: is the market pricing in a quick reopening, or is something bigger at play? They examine the timing of the closure against nuclear talks, the massive drop in oil stocks like Exxon and Chevron (down 6-7% in the same period), and what the inflation data—CPI at 334.0, core CPI at 336.1—says about demand expectations. Plus, a look at why clean energy…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.