# The blockade is working. The cartel is breaking. Oil is going down.

Page: https://stenobird.com/podcast/noise-cancelling-with-neil-woodford-7475728/the-blockade-is-working-the-cartel-is-breaking-oil-is-going-down
Text version: https://stenobird.com/podcast/noise-cancelling-with-neil-woodford-7475728/the-blockade-is-working-the-cartel-is-breaking-oil-is-going-down.md
Podcast: [Noise Cancelling with Neil Woodford](https://stenobird.com/podcast/noise-cancelling-with-neil-woodford-7475728)
Published: 2026-05-01T14:04:18+00:00
Episode link: https://w4pz.podbean.com/e/the-blockade-is-working-the-cartel-is-breaking-oil-is-going-down/
Audio file: https://mcdn.podbean.com/mf/web/srt6pzme3rqn7ik2/EPISODE_35bbe29.mp3
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Duration seconds: 1867

## Resource

Brent jumped 7% yesterday to over $120. The consensus says oil is heading higher and the UK is heading into stagflation. We think the consensus is wrong about oil — and wrong in two directions at once.

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## Transcript

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