This paper is a very interesting set of circumstances to consider for which countries are most vulnerable to oil crises.
I think it's very interesting how the UK and Japan are the most well insulated, it probably has something to do with their experiences in WW2 where
both countries' survival depended on their life lines of oil.
The US is far better situated than we hear, and I'm surprised to see Russia not in a top dog position, tho I think it is mostly due to government
reliance on global oil prices.
interesting document to read.
I haven't read the whole lot yet, just a few countries but still very interesting.
I was sceptical though as the price of oil at the pumps always jumps immediately to any tension around the world yet seems to take a while to come
I guess we have those oil speculators (on the stock market) to blame for that !
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