Breaking Points: US Oil Reserves Hit 22-Year Low as Price Spike Looms

Oil, inflation, and geopolitics are colliding fast as Krystal Ball and Saagar Enjeti break down why U.S. households may be headed for another energy shock. This condensed recap trims the full episode into a quick listen, covering Treasury Secretary Scott Bessant’s testimony on inflation, Senator Maggie Hassan’s pushback over gas, grocery, and utility costs, and the political fallout from rising prices. You’ll also hear how tensions with Iran, restricted oil flows through the Strait of Hormuz, shrinking U.S. oil reserves, and China’s changing imports are fueling fears of a major price spike. The hosts connect the dots between energy policy, tariffs, renewable energy, global supply disruptions, and the broader risk to economic growth, inequality, and climate resilience. Listen now to get the key ideas in minutes.