TheVoiceOfJoyce Are you wondering how high the price of oil would be, if the Straits of Hormuz remained closed for months? Krugman and the IMF wonder and see recession. I wonder and see an opportunity for alternative fuels , infrastructure and farming and

TheVoiceOfJoyce Are you wondering how high the price of oil would be, if the Straits of Hormuz remained closed for months? Krugman and the IMF wonder and see recession. I wonder and see an opportunity for alternative fuels , infrastructure and farming and

Another week, another false all-clear. The Strait of Hormuz remains closed. It appears increasingly obvious that the 20 percent of world oil supply that normally flows through it to world markets won’t be restored to normal anytime in the near future — quite possibly for many months. What will this disruption do to the world economy? The International Monetary Fund raised the economic anxiety level last week with a projection of a global slowdow…