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I guess it all goes down to the fraction of oil and natural gas in the average income of these countries. If your economy is more reliant on these (e.g. for he
by raphaelj 4y ago
I guess it all goes down to the fraction of oil and natural gas in the average income of these countries.
If your economy is more reliant on these (e.g. for heating, electricity or transport), all prices will go up significantly more compared to a country that is less reliant on these (e.g. because of nuclear/renewable, better energy efficiency, less heating required ...).