{"id":32792,"date":"2026-03-12T18:39:15","date_gmt":"2026-03-12T18:39:15","guid":{"rendered":"https:\/\/allanhardingmackay.ca\/courtpainter\/?p=32792"},"modified":"2026-03-12T18:47:01","modified_gmt":"2026-03-12T18:47:01","slug":"in-the-futures","status":"publish","type":"post","link":"https:\/\/allanhardingmackay.ca\/courtpainter\/?p=32792","title":{"rendered":"in the futures&#8230;"},"content":{"rendered":"\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"750\" data-id=\"32800\" src=\"https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2026\/03\/Court-Painter-Futures-1.jpg\" alt=\"\" class=\"wp-image-32800\" srcset=\"https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2026\/03\/Court-Painter-Futures-1.jpg 1000w, https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2026\/03\/Court-Painter-Futures-1-300x225.jpg 300w, https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2026\/03\/Court-Painter-Futures-1-768x576.jpg 768w\" sizes=\"auto, (max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px\" \/><figcaption class=\"wp-element-caption\">  <\/figcaption><\/figure>\n<\/figure>\n\n\n\n<p class=\"has-yellow-background-color has-text-color has-background has-link-color has-x-large-font-size wp-elements-74a1168862a5b1c4ce0428057b6b7499 wp-block-paragraph\" style=\"color:#430110\"><strong>Dominant Force:<\/strong>&nbsp;Speculation and trading <strong>in the futures<\/strong> market are a primary driver of overall oil prices.<\/p>\n\n\n\n<p class=\"has-text-color has-link-color has-medium-font-size wp-elements-9d15abe8335fe4eafeac9e5924838e4c wp-block-paragraph\" style=\"color:#430110\">Futures markets significantly influence oil prices by acting as a mechanism for&nbsp;<strong>price discovery<\/strong>, risk management, and speculative investment. While long-term prices are primarily driven by physical supply and demand, <strong><em>futures markets frequently drive short-term price movements and can sometimes disconnect from physical reality.<\/em><\/strong><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong><em>Source: ScienceDirect<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"1000\" src=\"https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2026\/03\/mobile_134830-1720.jpg-copy-1.png\" alt=\"\" class=\"wp-image-32805\" srcset=\"https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2026\/03\/mobile_134830-1720.jpg-copy-1.png 1000w, https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2026\/03\/mobile_134830-1720.jpg-copy-1-300x300.png 300w, https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2026\/03\/mobile_134830-1720.jpg-copy-1-150x150.png 150w, https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2026\/03\/mobile_134830-1720.jpg-copy-1-768x768.png 768w\" sizes=\"auto, (max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px\" \/><\/figure>\n\n\n\n<h1 class=\"wp-block-heading has-bright-blue-color has-text-color has-link-color wp-elements-f6b427ddccb074cbbef5497814cd65c9\">How to deal with oil shocks and the inflation problem | WONK with Amanda Lang<\/h1>\n\n\n\n<p class=\"wp-block-paragraph\"><a><\/a><a>Public Policy Forum and Amanda Lang<\/a><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"How to deal with oil shocks and the inflation problem | WONK with Amanda Lang\" width=\"840\" height=\"473\" src=\"https:\/\/www.youtube.com\/embed\/gS_JhnEEfbs?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p class=\"has-text-color has-link-color has-medium-font-size wp-elements-9bfbf374799ef325137f733831ea24cb wp-block-paragraph\" style=\"color:#05436b\">Most Canadians are still adjusting to the inflation that has settled across our economy from the last big geopolitical disruptions. Now a new one threatens to send prices higher again. <strong>Jim Stanford is the director of the Centre for Future Work <\/strong>and one of Canada\u2019s most prominent economists. He talks to <strong>host Amanda Lang<\/strong> about the far-reaching impact of energy prices, social capital and leaning into Canada\u2019s strengths.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"714\" src=\"https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2026\/03\/Court-Painter-OIl-1.jpg\" alt=\"\" class=\"wp-image-32802\" srcset=\"https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2026\/03\/Court-Painter-OIl-1.jpg 1000w, https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2026\/03\/Court-Painter-OIl-1-300x214.jpg 300w, https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2026\/03\/Court-Painter-OIl-1-768x548.jpg 768w\" sizes=\"auto, (max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Dominant Force:&nbsp;Speculation and trading in the futures market are a primary driver of overall oil prices. Futures markets significantly influence oil prices by acting as a mechanism for&nbsp;price discovery, risk management, and speculative investment. While long-term prices are primarily driven by physical supply and demand, futures markets frequently drive short-term price movements and can sometimes &hellip; <a href=\"https:\/\/allanhardingmackay.ca\/courtpainter\/?p=32792\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;in the futures&#8230;&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-32792","post","type-post","status-publish","format-gallery","hentry","category-images","post_format-post-format-gallery"],"_links":{"self":[{"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=\/wp\/v2\/posts\/32792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32792"}],"version-history":[{"count":10,"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=\/wp\/v2\/posts\/32792\/revisions"}],"predecessor-version":[{"id":32809,"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=\/wp\/v2\/posts\/32792\/revisions\/32809"}],"wp:attachment":[{"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}