Episode
Why the Price of Oil, Beef, Electricity, and Everything Else Makes No Sense
Odd Lots · May 18, 2026 · 31 min
Whether it's the price of a barrel of Brent crude or a pound of beef, it's clear prices are skyrocketing for all kinds of goods and commodities. Price shocks and shortages are, if anything, the way consumers understand the economy right now — at the grocery store or at the gas pump. Certainly, current (and future) shocks can be explained by the closure of the Strait of Hormuz. But the…