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词汇 oil shock
释义

Definition of oil shock in English:

oil shock

noun

  • A sudden dramatic increase in the price of oil; a period of economic difficulty caused by such an increase; specifically either of two oil price rises imposed by the Organization of Petroleum Exporting Countries (OPEC) in 1973–4 and 1978–9.

Origin

1970s; earliest use found in The New York Times.

Definition of oil shock in US English:

oil shock

noun

  • A sudden dramatic increase in the price of oil; a period of economic difficulty caused by such an increase; specifically either of two oil price rises imposed by the Organization of Petroleum Exporting Countries (OPEC) in 1973–4 and 1978–9.

Origin

1970s; earliest use found in The New York Times.
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