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Justin Wolfers: Strait of Hormuz risks lift gas futures through 2027
Gas prices are climbing not just today but into the future, according to Justin Wolfers. He points to ongoing uncertainty in the Strait of Hormuz as a main driver behind increases in gas futures stretching through 2027 and beyond. Wolfers questions whether the energy secretary's recent optimism remains valid, suggesting expensive gas will likely persist until the situation is resolved.
Wolfers has recently examined broader questions facing U.S. economic policy. In a recent YouTube video, he explored the insolvency question for the United States. He has also argued that public debt can be managed sustainably over time, emphasizing its difference from household debt.
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