Robin Brooks

Definitely the threat to global growth.

Definitely the threat to global growth.

We are in a relatively good position because we're a net oil exporter.

We are in a relatively good position because we're a net oil exporter.

But Europe, for example, not only is getting hit by oil prices, but also a big spike in natural gas prices.

But Europe, for example, not only is getting hit by oil prices, but also a big spike in natural gas prices.

So that's really bad news for others.

So that's really bad news for others.

The United States now is less dependent on oil imports than we were 50 years ago.

The United States now is less dependent on oil imports than we were 50 years ago.

But countries like Pakistan, India, Thailand, China, Japan, they are really being hurt by this.

But countries like Pakistan, India, Thailand, China, Japan, they are really being hurt by this.

This goes back to what happened in 2022 with Russia invading Ukraine.

This goes back to what happened in 2022 with Russia invading Ukraine.

Western Europe said, hey, we can't be so dependent on Russian gas anymore.

Western Europe said, hey, we can't be so dependent on Russian gas anymore.

And so they started importing a lot more LNG.

And so they started importing a lot more LNG.

And now that infrastructure has been damaged.

And now that infrastructure has been damaged.