The Macro Moment: Oil Prices High And Part Of The Cause

In economics, nothing happens in a vacuum. We see things taking place that appear to be in isolation yet we have to search as to what is causing the issue.

In this video I discuss how oil prices are elevated due to rising costs to shale drillers. This is done, in part, due to the increased cost of financing as banks shun them. Uncertainty is a major issue that will likely keep things elevated until their is an economic collapse.