The latest episode of the Global Rewire podcast, Over a Barrel with Spencer Dale, is out now on YouTube, Spotify, and Apple Podcasts.
Spencer Dale, visiting professor at the London School of Economics and former Chief Economist at BP, breaks down the seismic shift in global energy markets following the conflict in the Middle East. As oil prices surge past $100 per barrel and the Strait of Hormuz remains under strict control, the global economy faces its most significant supply shock in decades. We discuss why this crisis differs from the shocks of the 1970s, the fragility of the current “detente,” and what it will take for producers to turn the taps back on in a world defined by geopolitical fragmentation.
Spencer Dale, visiting professor at the London School of Economics and former Chief Economist at BP, breaks down the seismic shift in global energy markets following the conflict in the Middle East. As oil prices surge past $100 per barrel and the Strait of Hormuz remains under strict control, the global economy faces its most significant supply shock in decades. We discuss why this crisis differs from the shocks of the 1970s, the fragility of the current “detente,” and what it will take for producers to turn the taps back on in a world defined by geopolitical fragmentation.
