Gas Back in $3 Range by End of Summer ‘Optimistic,’ Says Oil Analyst McNally
Original Report
Robert McNally, founder and president at Rapidan Energy Group, is “cautiously optimistic” on getting to a better outcome for oil flows through the Strait of Hormuz. (Source: Bloomberg)
Glass House Analysis
Energy prices affect virtually every aspect of daily life—from commuting costs to heating bills to the price of groceries (which must be transported). For working families, energy represents one of the most volatile and impactful line items in their budgets. Energy policy decisions ripple through the economy, affecting everything from manufacturing competitiveness to household financial stress.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
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Robert Skidelsky, RIP
Here is one appreciation. His three-volume biography of Keynes (better than the one-volume condensation!) is in my opinion one of the very best books ever written, up there with Caro on Moses, etc....