Logan: U.S. Oil Producers Need $70/Barrel for Supply Boost
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Show Notes
Dallas Fed President Lorie Logan discusses the current oil market dynamics, explaining why U.S. producers arent rushing to increase supply despite high oil prices. She attributes this to the need for sustained high prices, currently around $70 per barrel, to justify drilling and investing. Logan also touches on the impact of the U.S.-Israeli war with Iran on energy prices and the Feds challenges in balancing inflation control and job growth.
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