Oil shock (English: Oil shock) and began the year in the recession of the common name (the next) and the year (the next) (peak is 0 years), supply and tight and crude oil prices of crude oil, it due to the world it is the economic turmoil. Oil crisis (SekiYukiki, English: Oil crisis) also referred to as or petroleum shock. Although international balance of payments surplus of the OPEC countries was 0 billion a year, the year jumped to about 0,000,000,000 US dollars. On the other hand, the private bank lending for developing countries jumped to 0 billion in 2.0 years from 0 billion in 2.0 years. Around the world it has raised funds from the Eurobond market. Although OECD member countries were able to issuance of long-term fixed-rate bonds, non-oil-producing developing countries is such a means for country risk relied Torezu, to the syndicated loan of variable interest rate burden is large in place
The next oil shock
Situation leading to the occurrence
Yom Kippur War broke out in the year October day.