Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
Why the Oil Price Drop Is Not Good News for the Economy
Crude oil has fallen 8 percent in the last five days, with WTI now below $71 a barrel. But Lucas and Luna explain why this isn't the economic tailwind it might seem. The drop is driven by demand-side weakness — factory job cuts, a slowing Chinese economy, and a cautious Fed — not a supply glut. That means lower pump prices come with a hidden cost: they signal a broader slowdown. The hosts walk through the data, including the disconnect between falling oil and sticky core inflation, and why the market is pricing in a recession risk that cheap gas won't fix.
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