{"id":15625,"date":"2022-03-11T18:44:38","date_gmt":"2022-03-11T18:44:38","guid":{"rendered":"https:\/\/jsis.washington.edu\/ellisoncenter\/?p=15625"},"modified":"2022-03-11T18:46:49","modified_gmt":"2022-03-11T18:46:49","slug":"article-by-scott-montgomery-oil-price-shocks-have-a-long-history-but-todays-situation-may-be-the-most-complex-ever","status":"publish","type":"post","link":"https:\/\/jsis.washington.edu\/ellisoncenter\/news\/article-by-scott-montgomery-oil-price-shocks-have-a-long-history-but-todays-situation-may-be-the-most-complex-ever\/","title":{"rendered":"Article by Scott Montgomery: &#8220;Oil price shocks have a long history, but today\u2019s situation may be the most complex ever&#8221;"},"content":{"rendered":"<p>&#8220;The world is in the grip of an oil price shock. In just a few months, prices have risen from US$65 a barrel to over $130, causing fuel costs to surge, inflationary pressure to rise and consumer tempers to flare. Even before Russia\u2019s invasion of Ukraine, prices were climbing rapidly because of roaring demand and limited supply growth.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;The world is in the grip of an oil price shock. In just a few months, prices have risen from US$65 a barrel to over $130, causing fuel costs to surge, inflationary pressure to rise and consumer tempers to flare. Even before Russia\u2019s invasion of Ukraine, prices were climbing rapidly because of roaring demand and<\/p>\n<div><a class=\"more\" href=\"https:\/\/jsis.washington.edu\/ellisoncenter\/news\/article-by-scott-montgomery-oil-price-shocks-have-a-long-history-but-todays-situation-may-be-the-most-complex-ever\/\">Read more<\/a><\/div>\n","protected":false},"author":656,"featured_media":15629,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[16],"tags":[],"class_list":["post-15625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Article by Scott Montgomery: &quot;Oil price shocks have a long history, but today\u2019s situation may be the most complex ever&quot; - The Ellison Center<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jsis.washington.edu\/ellisoncenter\/news\/article-by-scott-montgomery-oil-price-shocks-have-a-long-history-but-todays-situation-may-be-the-most-complex-ever\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Article by Scott Montgomery: &quot;Oil price shocks have a long history, but today\u2019s situation may be the most complex ever&quot; - The Ellison Center\" \/>\n<meta property=\"og:description\" content=\"&#8220;The world is in the grip of an oil price shock. 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