Why today’s oil shock feels familiar and more dangerous

Half a period aft the lipid shocks of the 1970s, the signifier is returning with striking familiarity. Then, arsenic now, geopolitical struggle disrupted vigor supply, lipid prices surged, and ostentation dispersed rapidly crossed economies. The 1973 embargo and the 1979 Iranian Revolution showed however rapidly vigor markets could destabilize growth. Today’s situation echoes that history, […]

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