upcarta
  • Sign In
  • Sign Up
  • Explore
  • Search

The reverse OPEC maneuver

  • Article
  • Jun 8, 2023
  • #EnergyPolicy #Politics
Noah Smith
@NoahSmith
(Author)
www.noahpinion.blog
Read on www.noahpinion.blog
1 Recommender
1 Mention
When you see inflation go down and the real economy continue to do well, you should probably look around for a positive supply shock — something that allows the economy to produce l... Show More

When you see inflation go down and the real economy continue to do well, you should probably look around for a positive supply shock — something that allows the economy to produce lots of things more cheaply. And when you look for a positive supply shock, you should usually start by looking at whether energy has gotten cheaper, since everything requires energy to produce, and energy prices tend to change very quickly. And indeed, when we look at oil prices, we see that there was a big and sustained drop right in the summer of 2022, when everything started to go right for the U.S. economy:

Show Less
Recommend
Post
Save
Complete
Collect
Mentions
See All
Michael Eisenberg @mikeeisenberg · Jun 8, 2023
  • Post
  • From Twitter
This is a really thought provoking piece by @Noahpinion -- Energy drives everything. Biblically, on day one of creation, God said "Let there be light" or so King James bible translates the Hebrew "Or". It can also be read as energy, the foundation of everything including economic growth.
  • upcarta ©2025
  • Home
  • About
  • Terms
  • Privacy
  • Cookies
  • @upcarta