Lessons from 20 Years of Oil Crisis Simulations (opens in new tab)

Oil shocks expose structural vulnerabilities, reinforcing that long-term energy security requires diversified supply, reduced dependence, and sustained investment. “The real lesson here is that it only requires a relatively small amount of oil to be taken out of the system to have huge economic and security implications.” Former Secretary of Defense Robert M. Gates made this observation during Oil […] The post Lessons from 20 Years of Oil Crisis Simulations appeared first on The National Inte...