Another oil shock?

It’s possible, though far from certain, that oil prices will spike in the years ahead. Here’s why—and how you can prepare.

It’s been a while since the world has been truly preoccupied with the threat of sustained high oil prices. The global economic recovery has been muted, and a double-dip recession remains possible.

But that dour prospect shouldn’t make executives sanguine about the risk of another oil shock. Emerging markets are still in the midst of a historic transition toward greater energy consumption.

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