"The old economy is making a comeback!" Former Goldman Sachs commodities head: Fuel shortages are triggering structural inflation.
Brent crude oil broke through $107 a barrel, and diesel crack spreads soared to $110 a barrel—this round of commodity price increases is raising a deeper warning: years of systemic underinvestment in physical commodity production capacity is turning a supply shock into structural inflationary pressures.
Jeff Currie, former head