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A Nobel Prize winner has warned there could be further spikes in the cost of oil, and it would be far worse than predicted. Paul Krugman believes estimates from experts predicting how high the cost of oil will reach could be understating just how expensive it could get. Writing in his recent Substack post, the economist…
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“I’ve seen some alarmists warn that a long war in the Gulf could lead to oil at $150 a barrel. That looks low to me.“
[analyse_source url=”https://article.wn.com/view/2026/03/13/That_looks_low_to_me_Nobel_Prize_winner_issues_grim_warning_/”]