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Painful though it is, This Oil Shock Will Eventually Spur Huge Change. Beware the Hunt for Scapegoats
Oleh:
The Economist
(Editor)
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 387 no. 8582 (May 2008)
,
page 15.
Topik:
Recoil
;
Oil
;
Scapegoats
;
Arab Embargo
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.49
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
In the early 1970s a fourfold rise in the price of oil almost brought the world to a standstill. The schock of Arab embargo left a deep mark in many countries: America subjected its cars to fuel-efficiency standards, France embraced nuclear power-though sdaly shoene rukku, or “energy-concious fashion”, the inspiration for Japan’s fetching short-sleeved business suit, was ahead of its time. Thirty-five years on, oil prices have quadrupled again, briefly soaring to a peak of just over $135 a barrel. But, so far, this has been a slow-motion oil shock. If the Arab oil-weapon felt like a hammer-blow, this time stagnat oil output and growing emerging-market demand have squeezed the oil market like a vice. For almost five years a growing world shrugged it off. Only now is it recoiling in pain.
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