Why $100 Oil May Be the New Normal

The oil market may have changed for years to come.Chuck Zodda and Mike Armstrong break down why energy analysts increasingly believe the world is entering a prolonged period of structurally higher oil prices as disruptions in the Strait of Hormuz continue to tighten global supply.Also covered:Why the world may never return to $60 oilHow damaged Middle East infrastructure could impact supply for yearsThe growing risk of jet fuel shortages and higher airfare pricesWhy strategic oil reserves are being depleted faster than expectedHow rising gas prices are hitting different states and consumers unevenlyWhat strong AI demand means for long-term energy consumptionWhy fast food companies are sending mixed signals about the consumer economyHow higher energy prices could reshape inflation, travel, and consumer spending going forward.