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Throughout history, all war conflicts have had economic and financial repercussions. But the invasion of the Uc

Throughout History, All War Conflicts Have Had Economic And Financial Repercussions. But The Invasion Of The Uc Help - Media - Latests News September 25, 2022 1

Throughout history, all war conflicts have had economic and financial repercussions. But the invasion of Ukraine caused an unprecedented surge in energy prices, re-proposing an inflationary pattern similar to that seen in the 1970s, on the occasion of the 1973 Yom Kippur war and the 1979 Islamic revolution in Iran. The acceleration in price growth of the 1970s can be traced back to the increase in the price of oil established by OPEC following the Yom Kippur war of October 1973, which caused the recession that hit industrialized countries between 1973 and 1975. In 1979-80 there was a second surge in the price of oil, following the Islamic revolution in Iran and the blocking of its exports, which for the second time put Western economies in serious difficulty. Subsequently, in the 1980s, there was an oversupply of oil, due to the increase in production by other OPEC members and the spread of alternative energy sources such as nuclear and natural gas. From what has been said, the main analogy between the energy crises of the 1970s and the current energy crisis clearly emerges: an unbalanced energy dependence on an oligopolist. by @simonedelrosso READ THE FULL ARTICLE AT THE LINK IN BIO #ucraina #kiyv #ukraine #ukrainewar #kyiv #crisi #economic crisis #energy crisis #electricity #power #powerplant #centraliacarbone #iran #iraq #israel #russia #energy # oil #gas #gasnaturale #gpl #gasdotto #gasdotti #yomkippur #opec #economy #finance #materieprime #etc #commodities

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