The Oil Shock and the Coming Reset: A Dire Forecast

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Sean Stinson

In 1973, the world learned a terrible lesson. A 7 percent cut in global oil supplies, lasting barely six months, triggered a decade of economic agony. Stagflation—that crippling marriage of high inflation and high unemployment—took root across the industrialised West. Factories closed. Workers walked the streets. Governments lurched from one emergency to… Continue reading