I continue to be surprised at how little attention economists are paying to the role of tight oil supplies in dragging the economy. The 2008 crash was triggered

I continue to be surprised at how little attention economists are paying to the role of tight oil supplies in dragging the economy. The 2008 crash was triggered by an oil price that spiked to nearly $150 a barrel in response to strong growth in demand against a flat supply. Since then, every time the economy tries to pick up, the oil price drifts back up to $100/barrel and GDP stagnates.