G20 Optimism Won’t Stave off a Potential Oil Crisis

The happy-talk that came out of the G20 meeting of major economic nations in India over the weekend faces reality in the coming days. Not only will the latest twists and turns in the fighting in Ukraine be interpreted in light of summit leaders avoiding chastising Russia on the subject, but the oil price — another subject downplayed — is heading upward, which will test the dreamy talk of dealing with environmental challenges and sustainable economies.

 

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