Back in the summer of 2008 — or just before the great financial crisis — two unsettling financial trends collided: oil prices surged to almost US$150 a barrel and private funds holding subprime mortgages reported mounting losses. Read More
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How This Oil Supply Shock Compares to the Embargo of 1973
Governments have stockpiled oil, and cars are more efficient but the supply shock is global, and there’s no sense of when it’ll end. Source link







