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单词 oil shock
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oil shock
oil shock n. a sudden dramatic increase in the price of oil; a period of economic difficulty caused by such an increase; spec. either of two oil price rises imposed by the Organization of Petroleum Exporting Countries (OPEC) in 1973–4 and 1978–9.
ΚΠ
1974 N.Y. Times 20 May 44/7 The South Korean Government official opened the briefing on a hopeful note. ‘We think’, he said, ‘the Korean economy has begun to recover from the oil shock’.
1988 Econ. Jrnl. 98 249 A range of domestic policies aimed at insulating the US economy from any future oil shocks.
1994 Crit. Intelligence Aug. 6/3 During the oil shock of 1973..MITI gave the world a virtuoso performance of leadership.
extracted from oiln.1
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