#oilcrises — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #oilcrises, aggregated by home.social.
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“Iran, Israel and the U.S. have all struck #oil and #gas facilities since the war started, worsening #supply concerns.
In economic terms, this is already the largest oil supply shock ever,” said Nicholas Mulder, an assitant professor of history who studies the economic impacts of wars at #CornellUniversity. As Gulf producers reduce output and shut down production, he explained, “we are seeing roughly three to four times as many barrels of oil lost as during the 1973 and 1979 #OilCrises.”
<https://apnews.com/article/markets-oil-iran-trump-war-brent-72e8c9a29c2ba1fd761ee968f3d4e553>