April Perspectives: War, Oil Prices, and Staying Grounded as an Investor
From The Money and Meaning Show by moneyandmeaning
March 27, 2026 · 10 min · Season 9 · Episode 4
About this episode
Jeff Bernier discusses the impact of geopolitical conflicts on oil prices and investor strategies.
In this episode of Money & Meaning, Jeff Bernier examines how geopolitical conflict influences oil and gasoline prices, drawing on perspectives from economist John Cochrane and JPMorgan’s Michael Cembalest. He explains how war creates supply shocks, why energy markets react quickly, and how those effects ripple through inflation and the broader economy. Jeff also outlines why the U.S. is less vulnerable today and what investors should focus on when uncertainty rises. Topics covered: How war creates supply shocks in global oil markets Risk premiums, sanctions, and policy responses affecting energy prices The structure and limitations of global energy supply Why fossil fuels still dominate and renewable transition is slow How rising oil prices impact inflation and the broader economy The U.S. energy shift due to shale production and reduced import reliance Historical policy mistakes during energy crises Why price controls and subsidies can worsen outcomes The cyclical nature of energy shocks and market adjustment over time Investor perspective: diversification and avoiding macro speculation Building portfolios that can withstand geopolitical uncertainty Useful Links: Jeff…
People in this episode
Host: Jeff Bernier
Topics covered
- geopolitical conflict
- oil prices
- supply shocks
- energy markets
- inflation
- investor strategies
Keywords
- oil prices
- geopolitical conflict
- supply shocks
- inflation
- energy markets
- investor strategies
- renewable transition
Mentioned in this episode
Organizations: JPMorgan, TandemGrowth Financial Advisors, The Podcast Consultant
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