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What would happen next? There is a precedent: the oil shocks of the 1970s, when . The shock drove rapid change, from more efficient cars to sudden interest in alternative energy sources.
There is a precedent: the oil shocks of the 1970s, when oil prices quadrupled. The shock drove rapid change, from more efficient cars to sudden interest in alternative energy sources.
En­er­gy Min­is­ter Dr Roodal Mooni­lal is pro­ject­ing a rapid “ex­plo­sion” of high­er oil prices due to the Is­rael/Iran/US con­flict.
The market staged a full-throttle risk-on revival, launching global equities into the stratosphere as oil prices cratered and rate-cut bets gained momentum.
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