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Oil has gone down, though, and the primary driver for the volatility was the tariffs. It’s not like there was a big change in production or something like the p

by acdha 2y ago

Oil has gone down, though, and the primary driver for the volatility was the tariffs. It’s not like there was a big change in production or something like the pandemic causing millions of people to change their driving habits. Again, the question is simply what non-tariff factor would explain non-trivial prices over a month? If there isn’t one, it doesn’t seem unfair to attribute the increase to a huge policy change.

littlestymaar 2y ago
> Again, the question is simply what non-tariff factor would explain non-trivial prices over a month? Having the most economically clueless US president in a century and watching his erratic behavior in real time. Tariffs are only a small piece of the puzzle.