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The World Doesn't Understand How Bad Things Are: a Closed Strait of Ormous Will Cause Systemic Collapse in the Coming Weeks.
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The biggest oil shock in history has been one month: prices have risen sharply, growth forecasts for economies around the world have been revised downward, and the fuel deficit has spread to Asian countries from Thailand to Pakistan. But energy experts have warned: the crisis is just beginning, Bloomberg reports. The real scale of the events over the past week, Bloomberg journalists have spoken to more than three dozen oil and gas traders, compa…
·Kyiv, Ukraine
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