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Liberalism in crisis

Start the Week

What We Need to Know About Oil Prices After Second World War

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Oil becomes the energy source that matters for the exercise of military power. Oil starts to become, i'd say, immediately after the war in the united states pace. And from in europe, from the 19 sixties, essential to everyday life. So much of what we and requires oil as an energy source in one way or another. Any situation in which oil prices go sky high has profound consequences for economies. Pretty much every major recession in western economies after second the second world war, has a prelude of high oil prices.

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