oil prices

Plastic is in almost everything and prices of polypropylene, polyethylene and a host of other polymers went nuts in 2021, surging to record highs. Now they've come crashing back down to Earth and have reached a two-year low. So what happened to send the price of plastics surging, and why are they falling now? Were plastics a perhaps under-appreciated source of inflation given that they go into practically everything? And where does plastic come from anyway? On this episode of the Odd Lots podcast, we speak to Bank of America Commodities Strategist Warren Russell about the wild ride for plastics over the past couple of years, and what it means for the future of the petrochemicals industry.

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Joe Biden keeps tapping the Strategic Petroleum Reserve…just in time for the midterms; Liz Truss goes down in flames in the UK; and George Floyd’s family looks to sue Kanye West.

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Joe Biden threatens the Saudis after begging them to pump more oil in advance of the midterms; the new inflation numbers come in hot; and the January 6 committee votes to subpoena Donald Trump.

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Krystal and Saagar analyze the Russia-Ukraine war, OPEC oil production cut, Iran protests, Amazon warehouse fires, Taylor Lorenz meltdown, Musk buying Twitter, victims of capitalism, & men dropping from the workforce!

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The price of oil is the central threat to the economy right now. Surging gasoline costs crimp consumer budgets. Surging diesel costs make everything more expensive. And of course, we know there are all kinds of structural impediments to increasing supply. But the stakes are huge, particularly since the Federal Reserve has signaled its willingness to throw the economy into a recession, if that's what it takes to get inflation down. So is there anything that can be done? On this episode of the podcast, we speak with Skanda Amarnath, the Executive Director at Employ America, as well as Rory Johnston, the founder of Commodity Context and an investor at Price Street, to talk about concrete steps that can be taken to increase oil supplies and bring about price stability.

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Krystal and Saagar discuss tensions between Russia and NATO, Biden's gas price plans, GOP Sen. candidate Eric Greitens' new ad, Hillary's midterm advice, Taylor Lorenz demoted, TikTok lies, economic realignment, and French elections!

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Krystal and Saagar talk about the GOP primaries, midterm polls, Federal Reserve interest rate raise, Ukraine war strategy, journalist polling, media elitism, Breaking Points profile, war sanction failure, Biden's lack of imagination, and the scam of ESG investing!

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Russia's invasion of Ukraine has kicked off a giant mess in the world of commodities and sent prices surging. Commodities trader Pierre Andurand has made his name from navigating volatile energy markets, correctly positioning for negative prices oil in April 2020. Now, he sees tightness in the energy market staying for some time. On this episode of Odd Lots, he tells Joe Weisenthal and Tracy Alloway how we might end up getting $200 per barrel crude oil by the end of the year, and what that would mean for the world.

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The price of oil has surged over the last year, and U.S. oil companies are making money hand over first. In theory, the high prices should stabilize as more drilling is done. But so far, the supply response has only been modest. After years in which U.S. oil companies (shale players, in particular) lit money on fire by expanding production at all costs, the industry is reluctant to invest in new production. So what will it take? On this episode, we speak with Rory Johnston, Managing Director and Market Economist at Price Street and the author of the Commodity Context newsletter, to get a better understanding of the factors moving oil prices, and what it will take to bring them down.

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Krystal and Saagar talk about the Waukesha attack, economic news, Obama and Bezos, Andrew Cuomo revelations, Fox News, Ghislaine Maxwell trial, Thanksgiving topics of conversation, how to talk about race, and more!

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