Rachel Siegel
👤 SpeakerAppearances Over Time
Podcast Appearances
It could be closed at any point.
Everybody just thought it was so unbelievable, so crazy, the notion.
And now we've gone weeks and weeks and weeks with this being closed, and it hasn't necessarily led to an absolute crisis.
We're probably not that far from one, where some of the last shipments of oil…
that would have been reaching Europe and Asia have already arrived, and they're going to start dealing with shortages.
And so I think when you get into actual energy shortages, when people aren't able to fill up, not just a price issue, but an actual supply issue, that's going to be the big wake-up call for a lot of countries about where they're sourcing their energy from.
And it in some ways may mean coming up with backups with with countries that they normally wouldn't want to be dealing with.
And in other cases, it might mean accelerating the move away from oil as much as possible.
We do have a lot of people who struggle with finances, and basically they didn't want another fee.
No, I agree with everything that was said above.
No, I agree with everything that was said above.
And also, Kai, earlier you touched on the Fed.
And also, Kai, earlier you touched on the Fed.
How do you model this?
How do you model this?
So much of what Chair Powell says is that they can put in their forecasts and pencil in their estimates for what's coming based on the information in front of them in that moment.