The Columbian

Lessons learned in 1970s have made U.S. and global economies less vulnerable to oil shocks

Oil prices are once again surging in the wake of war in the Middle East, driving up the cost of gasoline, diesel and jet fuel. But the U.S. and world economies are less vulnerable now tha ...

Lessons learned in ’70s have made the US and world economies less vulnerable to oil shocks

We have decades of experience now dealing with these kinds of oil shocks,’’ said Amy Myers Jaffe, research professor at NYU’s ...