The sensitivity of the US to oil shocks has come down a lot as the US has shifted to a net oil exporter and reduced the share of spending on oil. It'd take Brent closer to $100 to cause real concern.
Share this post
Not Your Father's Oil Shock
Share this post
The sensitivity of the US to oil shocks has come down a lot as the US has shifted to a net oil exporter and reduced the share of spending on oil. It'd take Brent closer to $100 to cause real concern.