The Truth Behind Oil Prices: War, Supply, and U.S. Strategy

Season 5, Episode 20: Welcome back to Keeping it Real with Dr. Kuehl! Chris talks about oil being back in the news.

ASA Chief Economist Dr. Chris Kuehl is back with a special economic update podcast. In Season 5, Episode 20 (6:17 in length), Dr. Kuehl talks to members about what’s going on in the Middle East, what that is doing to the oil price, and the projection for the rest of the year.

• Has this oil change been as dramatic as we thought it would be?
• The war between Israel & Iran – how much did oil price jump due to this?
• Why did it fall back again? Where is it lingering right now?
• Why hasn’t the price per barrel reacted??
• What are the 3 reasons that oil prices haven’t jumped?
• What does the U.S. being oil independent mean?
• The other oil producers have been stepping up production – why?
• Why hasn’t Iran been doing the things that they can do?
• Why is the U.S. suddenly do something nice for China & Iran? What is the rationale?
• What is the bottom line with these oil prices? Will they rise or fall?

Ask Dr. Kuehl a Question

Have a question or topic for Chris Kuehl that you would like answered on this podcast? Email it to Bri Baresel at bbaresel@asa.net.