Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
Why WTI Dropped Below 70 as US Strikes Iran
Episode 77 of Energy Economics examines the sharp 7.5% weekly drop in WTI crude, which fell below $70 a barrel on June 26 after the US struck Iranian targets in the Strait of Hormuz. Lucas and Luna unpack why a military escalation in a critical chokepoint is sending oil prices down instead of up, focusing on demand-side fears from factory job cuts and a slowing global economy. They contrast crude's slide with sticky gasoline prices around $3.91 a gallon, and explore what the divergence between oil and refined products signals about recession risk. The hosts also check in on natural gas…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.