Oil Shocks, Price Controls, and War
The Marginal Revolution Podcast
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The Oil Shock Effect: From Crisis to Change
This chapter examines the ramifications of the 1970s oil price shocks on U.S. energy policy and the shift toward alternative energy sources. It analyzes the economic and geopolitical complexities resulting from these shocks, including their role in shaping the energy landscape and the response to rising oil prices. The discussion further illuminates the broader historical context, highlighting the interplay between these events and significant global developments throughout the 20th century.
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