The Rising Influence of Rising Affluence

[OakesCS]

the only thing I see that might cause lower oil prices and b assoc’d w the Iranian takeout is something along the lines of a 9/11 strike w a trailing recession. Curtailing some minor fraction of air traffic isn’t going to affect oil prices. The 737 MAX crashes had more effect on air traffic than killing a few military leaders.

The author doesn’t present any substantive mechanisms to support his hypothesis. Surprised that an editor let that out the door.