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Rising oil prices, surging inflation: The Arab embargo 50 years ago weaponized oil to inflict economic trauma – sound familiar?

By Jim Krane, Fellow in Energy Studies, Baker Institute for Public Policy; Lecturer, Rice University
Mark Finley, Fellow in Energy and Global Oil, Baker Institute for Public Policy, Rice University

Russia’s 2022 invasion of Ukraine reprised the risks of energy weaponization, but the oil landscape today and energy security itself are changing.

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