Fifty years after the 1973 Arab oil embargo, the fallout from the Israel-Hamas war has the potential to disrupt global supplies and raise gas prices.
Fifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and push prices higher. But don't expect a repeat of the catastrophic price hikes and long lines at the gasoline pump, experts say.
“We cannot squander our strategic advantage and retreat on energy leadership,' said Sommers, who has repeatedly criticized President Biden's policies restricting new oil leases as part of Biden's efforts to slow global climate change. “With an unstable world, war in Europe, war in the Middle East, and energy demand outstripping supply, energy security is on the line,' Sommers said in a speech at the Hudson Institute, a Washington think tank.
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Long lines at gas pump unlikely, but Middle East crisis could disrupt oil supplies, raise pricesFifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and raise prices.
Weiterlesen »
Long lines at gas pump unlikely, but Middle East crisis could disrupt oil supplies, raise pricesFifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and raise prices. But don’t expect a repeat of the catastrophic price hikes and long lines at the gasoline pump, experts say.
Weiterlesen »
Long lines at gas pump unlikely, but Middle East crisis could disrupt oil supplies, raise pricesFifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and raise prices
Weiterlesen »
Long lines at gas pump unlikely, but Middle East crisis could disrupt oil supplies, raise pricesFifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and raise prices.
Weiterlesen »
Long Lines At Gas Pump Unlikely, But Middle East Crisis Could Disrupt Supply, Raise PricesFifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and raise prices.
Weiterlesen »
Long lines at gas pump unlikely, but Middle East crisis could disrupt oil supplies, raise pricesFifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and push prices higher. But don't expect a repeat of the catastrophic price hikes and long lines at the gasoline pump, experts say.
Weiterlesen »