The world economy has a certain amount of flexibility with respect to oil supplies, but room for manoeuvre remains limited, especially when no short-term substitution solution is available, which is the case in particular for road and air transport. The impact of a crisis must not be underestimated. Not only would such a crisis limit transport, it could also bring the entire economy to a standstill. In addition, development of the poorest countries would be irredeemably jeopardised, further increasing poverty and tensions in the world.
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