Lessons learned in '70s have made the US and world economies less vulnerable to oil shocks

Lessons learned in '70s have made the US and world economies less vulnerable to oil shocks

AOL.com business

Key Points:

  • WASHINGTON (AP) — The world economy is experiencing a disorienting flashback to the 1970s.
  • Oil prices are once again surging in the wake of war in the Middle East, driving up the cost of gasoline, die

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