General Discussion

Happy Haslett was a Supply Side Economist advising the Federal Reserve on International policy for the past 30 years or so
Even a supply sider understands the workings of the international oil market - that's been the major market in the World for the past 90 years, with lots of data available on how international actions influences both the market and consumer prices.
It has always taken over two years to stabilize and recover, and the consumer never sees better than a 5% price drop from the high at the pump cost after stabilization.
If the Straits open today, we will never see the national average drop below $4.00. Say bye-bye to minimum $3.50 a gallon diesel or $3.00 a gallon unleaded anywhere going forward.