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Oil prices are climbing again. Here's why this time could be different

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Submitted ⁨⁨1⁩ ⁨day⁩ ago⁩ by ⁨inari@piefed.zip⁩ to ⁨energy@slrpnk.net⁩

https://www.npr.org/2026/07/26/nx-s1-5905738/oil-prices-are-climbing-again-heres-why-this-time-could-be-different

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  • Buffalox@lemmy.world ⁨1⁩ ⁨day⁩ ago

    It’s weird how different this hits, here in Denmark our household has felt literally nothing. We drive electric, and 80% of new car sales are electric. And prices of groceries have remained stable.
    I bet the situation for Norway and Sweden is the same, and other countries that have relatively low dependence on oil.

    On paper the shortage on oil now is as bad as it was during the oil crisis in the 70’s. Where it was forbidden to drive cars on Sundays, and every other street light was turned off.
    But this time, most Scandinavians barely notice.
    But of course if this continues it will have an impact on the global economy, and that will hit us all.

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