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Concept information

Preferred term

oil crisis  

Definition(s)

  • Oil provides the main source of energy for advanced industrial economies. A sudden rise in the price of oil due to, for example, speculation or to a severe disturbance in the existing relationship between supply and demand can therefore create an oil crisis. [Source: Encyclopedia of Governance; Oil Crisis]

Belongs to group

URI

http://data.loterre.fr/ark:/67375/N9J-R1Q4BW2P-P

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