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Justin Wolfers REVEALS the Oil Shock Already Happened
Posted
August 19, 2026
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August 19, 2026
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9:41Now PlayingAmericans shouldn’t expect one dramatic moment when the oil shock suddenly arrives—it has already been working through the market. Oil traders reacted to Trump’s war before supplies ran dry, pushing prices higher based on what they expect months and even years from now.
Justin Wolfers joins Cliff Schecter and David Shuster to explain the difference between oil prices falling and actually returning to where they were headed before the war. The conversation also veers through electric cars, terrible drivers, bidets, and the strategic advantages of never getting a license - on Blue Amp Media's Amped Up.
Justin Wolfers is a professor of economics and public policy at the University of Michigan and one of the sharpest, funniest economic communicators in the country.
They're betting you look away. Let's prove them wrong.
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