Inventories Aren’t Infinite
6:44–7:27 · 43s
Wolfram pushes back on the idea of draining oil reserves to the 'last barrel,' arguing inventories are a rainy-day fund and that prolonged shocks become a 'new normal' requiring real adjustment.
6:44–7:27 · 43s
Wolfram pushes back on the idea of draining oil reserves to the 'last barrel,' arguing inventories are a rainy-day fund and that prolonged shocks become a 'new normal' requiring real adjustment.
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