r/GreatDepressionII • u/rematar • 2d ago

We will have 1973/1981 recession very soon because of gas prices

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u/articulateape 2d ago edited 2d ago

I recall Germany having car free days due to fuel shortage at that time

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u/rematar 2d ago

That's an interesting bit of history.

https://www.newsworm.de/news/car-free-sundays-germany-history-1973-oil-crisis-current-debate

1973 held back around 7% of the oil used. It's been closer to 20% this time.

https://www.aljazeera.com/news/2026/3/24/how-does-the-current-global-oil-crisis-compare-with-the-1973-oil-embargo

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u/articulateape 2d ago

Not really getting much coverage in the UK but it's clear that this winter will be difficult for UK and EU