Worse Than the 1970s Oil Shocks

“Fatih Birol, the International Energy Agency’s executive director, has said the energy crisis is ‘very severe’ and that the global economy is ‘facing a major, major threat,’” CNN reports. “The situation, he said, is worse than the two consecutive oil crises in 1973 and 1979, in which the world lost about 10 million barrels of […]