
Episode 275 • • 31:11 - 37:21
275: The New Normal
Oil Market Speculation, Domestic Production Psychology
The discussion shifts to the difference between oil company interests and stock market speculators. While speculators profit from price volatility, oil companies prefer the stability of domestic "money machines" where they control the supply. The hosts argue that the psychology of the market would calm instantly if the U.S. committed to returning to 1970s-level production of 10 million barrels per day.
