MarketWatch: Saudi Arabia may be just days away from not being able to export much oil
Eric Smith, professor of practice and associate director of the Tulane Energy Institute, was interviewed by MarketWatch about how an attack on Saudi Arabia's East-West pipeline is likely to do more than just increase diesel prices.
Higher diesel prices have a faster inflationary impact than gasoline, said Eric Smith, a professor at Tulane University and an associate director at the Tulane Energy Institute.
"Diesel is used to move everything that we eat, consume and produce, and gasoline is just used predominantly to move people around," Smith said.
To read the story in its entirety, visit marketwatch.com:
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