The oil shock of 2020 appears to be here – and the pain could be wide and deep
- Written by Scott L. Montgomery, Lecturer, Jackson School of International Studies, University of Washington
The world is again undergoing an oil shock.
Prices, already on a downward trend, have collapsed 30% in less than a week, bringing the total fall to nearly 50% since highs in early January. Consumers, of course, can expect gasoline prices to...
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