An oil shock? In this economy?
Mar 8, 2022

An oil shock? In this economy?

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Surging oil prices and high prices at the pump used to precede a recession. But after two years of the pandemic, this time might be different.

Segments From this episode

Has the pandemic made the U.S. less vulnerable to oil price spikes?

Mar 8, 2022
Biden's ban on Russian oil may raise already high fuel prices. Though recessions followed past runups, this time may be different.
High oil prices may not affect the U.S. like they used to. We produce a lot of the commodity ourselves, and many households are flush with savings.
David Ryder/Getty Images

For global brands, pulling out of Russia isn't a yes-or-no question

Mar 8, 2022
Logistics, business models and a fear of Russians' reactions are all factors.
The Kremlin's towers are reflected in the window of a McDonald's restaurant in Moscow. The chain said Tuesday that it would temporarily close its Russian locations.
Alexander Nemenov/AFP via Getty Images

The war in Ukraine means more chaos for global shipping

Mar 8, 2022
Companies are rerouting around conflict zones and costs are on the rise, explains Ryan Petersen, CEO of Flexport.
Ryan Petersen, CEO of Flexport, said the air cargo business is "dramatically cut short right now in capacity."
John Moore/Getty Images

How to make sure your Ukraine donations make it to the people who need it

Mar 8, 2022
Donating requires some due diligence, especially when it comes to social media.
As the number of refugees from Ukraine increases, so does aid, and so do aid scams. Above, charity workers and volunteers in New Jersey pack boxes with humanitarian donations to be shipped to Ukraine.
Angela Weiss/AFP Getty Images

Has the pandemic made the U.S. less vulnerable to oil price spikes?

Mar 8, 2022
Biden's ban on Russian oil may raise already high fuel prices. Though recessions followed past runups, this time may be different.
High oil prices may not affect the U.S. like they used to. We produce a lot of the commodity ourselves, and many households are flush with savings.
David Ryder/Getty Images

Could China scoop up Russian goods at bargain-basement prices because of sanctions?

Mar 8, 2022
If fewer countries want Russian goods, supply goes up and China could, in theory, get cheaper prices. It is a whole other thing in practice.
Workers sort packages at a JD.com warehouse in Beijing in November. Items have been flying off the virtual shelves of a Russian store on the Chinese e-commerce site.
Jade Gao/AFP via Getty Images

Music from the episode

Rising Son Takuya Kuroda
The Game Gabriel Garzón-Montano
Wind Travel Richard Houghten
Divina Toro y Moi
Didn't Cha Know Erykah Badu

The team

Nancy Farghalli Executive Producer
Daisy Palacios Senior Producer
Sean McHenry Associate Producer
Andie Corban Associate Producer
Richard Cunningham Associate Producer