Oil shocks and their consequences

The world experienced three major oil shocks in 1973, 1979 and 2008. What impact do shocks have on the economy? Are they possible to predict? How do you deal with them? Jean-Marc Daniel, Associate Professor at ESCP Europe; Pierre Papon, Professor Emeritus at ESCPI ParisTech and Jean-François Minster, Senior Vice President of Scientific Development at Total answer these questions.