TheVoiceOfJoyce Many may not remember the gas lines of 1979 and there’s no need. We don’t and won’t have a shortage of fossil fuels. There are other factors to concern us. The World has changed and the Middle East is now part of our Financial Markets. What affects Dubai , may affect us. Let’s hope for a short war.
Read Krugman’s comparison of the risks to War with Iran now and the inflation that followed the 1979 gas shortages. There are financial markets in play. We’re no longer worried about too little oil. Though higher prices are good for Russia … More TheVoiceOfJoyce Many may not remember the gas lines of 1979 and there’s no need. We don’t and won’t have a shortage of fossil fuels. There are other factors to concern us. The World has changed and the Middle East is now part of our Financial Markets. What affects Dubai , may affect us. Let’s hope for a short war.
