How Rising Oil Prices Will Change the World as We Know It
FP columnist Adam Tooze on the implications for inflation and climate change.
The price of a barrel of oil peaked at $130 this week, its highest since 2008. The pain is already spreading around the world—to people who rely on gas to get to work or oil to heat their homes.
Cameron Abadi is a deputy editor at Foreign Policy. Twitter: @CameronAbadi
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