Oddbean new post about | logout
 I keep looking at gas prices.  The Ukraine/Russia war and the Israel/Hamas (and likely soon to be Israel/Hezbollah/Iran) wars along with Houthis shooting at ships in the Red Sea should make oil/gas prices skyrocket.  Instead they are dropping.  That says consumption is dropping like a rock.  Sadly, I expect bad times are coming.  The only questions are "how bad?" and "do we have a slow slide or a precipitous plummet?"