The destruction of energy production facilities as well as refining capacity in the Persian Gulf will take months and in some cases years to repair. … READ MORE >
gas prices
Market Minute: Global financial conditions, one week into the Iran war
With the Strait of Hormuz effectively closed, the current shock is a problem of supply for the oil and natural gas that are critical to the global industrial base. … READ MORE >
Market Minute: Central banks not immune to rising gas futures
Between May 30 and June 17, gas futures increased by 10.2% in the United States and by 16% in Europe. … READ MORE >
Falling gas prices imply further inflation relief
This recent decline in gas prices should put downward pressure on top-line monthly inflation when the consumer price index for August is released on Sept. 13. … READ MORE >
That ’70s Show: Lessons from the oil shortages of nearly 50 years ago
The doubling of gasoline prices in 1979 and 1980 came during the turmoil that followed Iran’s revolution and the beginning of Iran’s decade-long war with Iraq. … READ MORE >