Anticipating an Oil Price Battle in 2024: The Dynamics of Oil Price Control and its Impact on Inflation

Figure 1. Three main causes of inflation. source: the author ecyY

This article examines the trends of inflation in 2024, focusing on the three primary causes: the reduction in the U.S. M2 money supply, the slow progress of reshaping global trade through de-globalization and friend-shoring, and the persistent impact of geopolitical conflicts on oil prices (Figure 1). The analysis…