While many investors worry that rising oil prices will ignite broader inflation reminiscent of past energy shocks, economist Jim Paulsen contends that the current economy is better positioned to absorb higher energy costs without a major inflationary surge. The analysis points to two key reasons for this resilience, suggesting the economic structure today differs from previous periods when oil spikes led to widespread price increases. This perspective contrasts with concerns that energy cost hikes will inevitably pass through to consumers and businesses. (Source: https://www.marketwatch.com/story/the-two-reasons-higher-oil-prices-may-not-trigger-the-inflationary-spike-that-investors-fear-a807991f?mod=mw_rss_topstories)