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The Dig: The Fall of OPEC w/ Giuliano Garavini

Jacobin Radio

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The Oil Revolution

It was in 1973 that oil prices truly accelerated the so-called oil shock or what you instead call the oil revolution. What role did the oil majors, the oil producing countries and other various actors all play? And then lastly again, why do you call it an oil revolution rather than an oil shock?

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