Transcript: A Concrete Plan to Bring the Price of Oil Down Right Now
A gas flare stack at an oil well in Midland, Texas, US, on Thursday, April 7, 2022.
Photographer: Sergio Flores/BloombergGetting the price of gasoline down is one of the must urgent matters in the economy. High gas prices are placing stress on the consumer, and now the Fed has signaled its willingness to push the economy into a recession if that's what it takes to break high inflation. But is there anything that can actually be done? Does The White House have the tools at its disposal to change the supply/demand equation? On this special episode of the podcast, we speak with Skanda Amarnath of Employ America and Rory Johnston of the Commodity Context newsletter, to discuss concrete ideas for expanding oil supply in the short term. The transcript has been lightly edited for clarity.