McKinsey on the New Oil Shock

I have these McKinsey reports, but not time to read right now. Fortunately, Paul Kedrosky has read and commented:

A new McKinsey report is out arguing that an oil shock is inevitable, and it could come sooner than expected. When? As early as 2010, under the firm’s “moderate” economic downturn scenario, and as late as 2013 if the downturn is more harsh.

oil-shocks

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