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What smart people are saying about oil's latest spike to nearly $120 a barrel

Business Insider Fews App News Provider
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Nobel economist Paul Krugman warned a prolonged oil shock could trigger stagflation. STR/NurPhoto via Getty ImagesEnergy gurus say Thursday's spike in oil and gas prices may be just a taste of what's coming. They warned of roiling markets, shipping chaos, rising food prices, and severe economic pain.

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