The political fallout from high fuel prices is not as significant as it used to be
Higher oil prices will not trouble Fed
Commentators need to shake off the myths of the past, with rising oil prices a boon for US economy
Speculative pressure boosted oil prices in the first quarter of 2024 and will likely do so in the second and third quarters as well. Some analysts assert that the rising prices will cause trouble for the US Federal Reserve. They will not. Today, oil has become relatively unimportant in the US economy. The real pain from high prices will be felt by European countries and the emerging market nations, where higher oil prices wreak economic havoc. Ironically, though, the oil-exporting countries may be the real losers from the speculation-driven price increases in the longer term. Several traders and forecasters see supply and demand balanc
Also in this section
10 March 2026
By shutting the Strait of Hormuz, Iran has cut exports of distillate-rich Middle Eastern crude, jet fuel and diesel, and is holding the energy market hostage
10 March 2026
Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
9 March 2026
Energy sanctions are becoming an increasingly prominent tool of US foreign policy, with the country’s growth in oil and gas production allowing it to impose pressure on rivals without jeopardising its own energy security or that of its allies, argues Matthew McManus, a visiting fellow at the National Center for Energy Analytics
