In the 1970s, OPECs oil embargo quadrupled oil prices, triggering stagflation in the Westhigh inflation + high unemployment. It reshaped global energy politics forever.
World economy charts, business frameworks and diagrams
In the 1970s, OPECs oil embargo quadrupled oil prices, triggering stagflation in the Westhigh inflation + high unemployment. It reshaped global energy politics forever.