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social science subjects > economics > economic systems > capitalism > oil crisis
... > social science subjects > politics and international relations > political science > comparative politics > economic systems > capitalism > oil crisis
... > social science subjects > sociology > social theory > macrosociological theories > capitalism > oil crisis
... > social science subjects > economics > economic concepts > political economy > capitalism > oil crisis
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... > social science subjects > politics and international relations > political science > ideologies > libertarianism > libertarianism and policy > economic development > international development > oil crisis
... > social science subjects > economics > macroeconomics > economic development > international development > oil crisis
... > social science subjects > economics > economic concepts > political economy > economic development > international development > oil crisis
... > social science subjects > politics and international relations > political science > political economy > economic development > international development > oil crisis
social science subjects > politics and international relations > governance > international development > oil crisis
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Preferred term

oil crisis  

Definition

  • Oil provides the main source of energy for advanced industrial economies. A sudden rise in the price of oil due to, for example, speculation or to a severe disturbance in the existing relationship between supply and demand can therefore create an oil crisis. [Source: Encyclopedia of Governance; Oil Crisis]

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https://concepts.sagepub.com/social-science/concept/oil_crisis

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