Ep. 129: Gasoline Prices Should Rise, Even If US Is Oil Self-Sufficient
InFi: the Future of Finance · Infineo
Audio is streamed directly from the publisher (traffic.libsyn.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
A popular objection on social media states that the US only gets 2% of its crude oil via the Persian Gulf, and so therefore the conflict in Iran shouldn't affect prices at the pump for Americans. Murphy explains the various problems with this argument.
Related: - https://www.econlib.org/library/Columns/y2008/Murphyoil.html - https://mises.org/mises-daily/social-function-call-and-put-options - https://journal.apee.org/ARTICLES_2018_Journal_of_Private_Enterprise_Vol_33_No_1_Spring_parte5
Watch the video version of this episode here: https://youtu.be/hIW7wCR4pfU
Subscribe to our YouTube channel: https://bit.ly/3XXfmGS
Follow us on Instagram: https://www.instagram.com/infineogroup
Follow us on Twitter: https://www.twitter.com/infineogroup
Learn more about Infineo at: https://www.infineo.io
Audio Production by Podsworth Media - https://podsworth.com