New Oil Shock is "Inevitable"

A new McKinsey report is out arguing that an oil shock is inevitable, and it could come sooner than expected. When? As early as 2010, under the firm’s "moderate" economic downturn scenario, and as late as 2013 if the downturn is more harsh. 

oil-shocks

It’s not all unalloyed oil awfulness, however, with McKinsey pointing out that immediate attempts to redirect demand would pay dividends. To that way of thinking, policy should immediately begin pushing natural gas, as well as driver harder in efficiency programs.

More here.

Related posts:

  1. Visualizing Economic Decline and Recovery
  2. $100 Oil is Inevitable
  3. Financial Shock and Awe Turns to RTC 2.0
  4. Causes of the Oil Shock of 2007-08
  5. Shock Discovery of Madoff-ian Cynicism

Comments

  1. Joni says:

    That’s not even 10 muitnes well spent!