Commentary: Oil shock will hit Asia harder than the 1970s

Orientul Mijlociu

If the crisis in the Strait of Hormuz doesn’t end soon, a dramatic transformation awaits in Asia, says David Fickling for Bloomberg Opinion. SYDNEY: The dizzying changes wrought by energy shocks are only ever seen in the rearview mirror. When the 1973 and 1979 oil crises first swept the world, analysts assumed the future would be business as usual. Crude demand from Western Europe would remain broadly stable throughout the 1980s, according to a declassified 1982 analysis for the CIA. The

Commentary: Oil shock will hit Asia harder than the 1970s https://www.channelnewsasia.com/ - 05:59
Commentary: Oil shock will hit Asia harder than the 1970s https://www.channelnewsasia.com - 05:59

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Commentary: Oil shock will hit Asia harder than the 1970s https://www.channelnewsasia.com/ - 05:59
Commentary: Oil shock will hit Asia harder than the 1970s https://www.channelnewsasia.com - 05:59