OPEC Cuts, Inflation Reduction Act, RepowerEU could ultimately boost the US through energy dominance

While higher rates and slower growth have driven down commodity prices, oil prices remain well bid, something Francisco Blanch expects to continue. Fearing slower global growth, OPEC+ cut oil production but other factors played into the cut too, including general inflation. But higher oil isn't necessarily problematic for the US longer term. We discuss how the US, especially if it refrains from imposing energy export bans, can use a combination of energy production and renewables to become more energy dominant, boosting its global clout and strengthening its relationship with Europe. For more on the OPEC+ cut and broader impact, please see Issue #1 of our FAQ series.

 

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