EPISODE · May 1, 2026 · 17 MIN
This Oil Shock is (Already) Worse Than 1979
from The Mark Moss Show · host iHeartPodcasts
The last time I ran caused an oil shock. It was 1979. Back then, the world lost 5 million barrels a day. Inflation went as high as 13% and it took years to recover. Okay, so this time, well, we've already lost 11 million barrels a day. That's more than both of the 1970s oil shocks combined. And what I don't really see anybody talking about, at least not as of right now, is that even if peace is declared right now, today, which it looks like it is.See omnystudio.com/listener for privacy information.
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This Oil Shock is (Already) Worse Than 1979
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