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ArtikelPainful 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
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  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: EE29.49
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Isi artikelIn 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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