The 1970s oil crisis and today: will it get worse?

The closure of the Strait of Hormuz, almost the only route for oil exports from the Persian Gulf, more than a month ago has raised concerns that the world is heading for an energy crisis worse than the one in the 1970s, writes the BBC. Former Maersk director and shipping expert Lars Jensen told the […] The post The 1970s oil crisis and today: will it get worse? appeared first on Baltic News Network.