Dan Sally

As the Fed raises interest rates to fight inflation, the economic models they use include energy as a small part of the overall picture. Is that model flawed?

Carey King of the Energy Institute at the University of Texas at Austin discusses how the last 70 years of economic and population growth have been fueled by the transition to petroleum, how a decreasing supply of it has increased political polarization, and what the future might hold as supplies continue to dwindle.