Episode Details

Murphy explains the economics of the interruption of oil exports from the Persian Gulf. He shows that the recent peak in crude prices was nowhere near the (inflation-adjusted) 2008 spike, and offers further commentary on the position of China.

Related:
- https://www.youtube.com/watch?v=aeOaei2ADDA 
- https://journal.apee.org/ARTICLES_2018_Journal_of_Private_Enterprise_Vol_33_No_1_Spring_parte5 
- https://www.energypolicy.columbia.edu/implications-of-the-conflict-in-the-middle-east-for-chinas-energy-security 

Watch the video version of this episode here: https://youtu.be/-2I7UV8FnII 

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