‘The 2011 oil shock’

“At its worst, the danger is circular, with dearer oil and political uncertainty feeding each other. Even if that is avoided, the short-term prospects for the world economy are shakier than many realise. But there could be a silver lining: the rest of the world could at long last deal with its vulnerability to oil and the Middle East. The to-do list is well-known, from investing in the infrastructure for electric vehicles to pricing carbon. The 1970s oil shocks transformed the world economy. Perhaps a 2011 oil shock will do the same—at less cost.”

read more here:

http://www.economist.com/node/18281774

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One response to “‘The 2011 oil shock’

  1. Pingback: March Madness! « RCS Investments

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