Financial Times
Dec 23, 2021 - 6 min
The nation needs to think quickly. The United States is looking to bar imports of Russian oil, and though people have endured much worse during times of war than high gas prices, the government will be heavily criticised for the price hike. But, as this instalment of Slow Boring reveals, there are policy options that could ease this burden. Looking into the economics of domestic oil production, Matthew Yglesias argues that it is time to consider ways to address oil price volatility in America. Here, he reveals what quick fixes should be while analysing longer-term solutions.