World Sees First Global Energy Shock: World Energy Council ...Middle East

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The world is experiencing the first global energy shock in its history, the secretary-general of the World Energy Council said this week, expecting the crisis will have a transformational effect on energy consumption. “I think this is a first global energy shock, this isn’t the same as the 1970s crisis, oil shock crisis. This is a … consumer driven crisis and the consumer-driven adjustments that are going to come out of this are going to be very significant,” Angela Wilkinson told CNBC. “If you look at the price of…

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