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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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