The oil shock could be worse than CovidThere is a dangerous tendency in government – and, frankly, in the public – to assume that every crisis can be managed the way we managed Covid-19. The oil market does not care about any of that. Public transport becomes erratic. A prolonged fuel shock will not remain confined to gas stations. In an oil shock, many countries will discover they are passengers.

Source: Philippine Star March 27, 2026 16:14 UTC