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Is It 19 78 All Over Again?
Price of oil on international markets has been going up quite sharply in recent weeks. That will push up the price of transport fuels, for example. And that pushes up prices - and it's all creating a big picture. The root of this is that economies around the world slowed down dramatically last year during the lock downs in the early stages of the covin pandemic. Now they're all waking up again. All fighting for resources, they're all fighting for energy, and the consequence is that there are shortages, and we're ending up paying more. So is it 19 78 all over again? Let's find out if it is or isn't, or maybe is a bit with nick j
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