Lessons learned in '70s have made the US and world economies less vulnerable to oil shocks - AP News
business 2026/04/12 11:28:00

Lessons learned in '70s have made the US and world economies less vulnerable to oil shocks - AP News

Source:Associated Press
Author:Paul Wiseman, Yuri Kageyama

The world economy is experiencing a disorienting flashback to the 1970s. Oil prices are surging in the wake of war in the Middle East, and that’s driving up the cost of gasoline, diesel and jet fuel and threatening a return to stagflation. But the U.S. and wo…