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The price of oil is arguably the most important price in the world economy. So when did the oil boom begin, how did we become so excruciatingly dependent?

The price of oil is arguably the most important price in the world economy. So when did the oil boom begin, and how did we become so excruciatingly dependent? Tim Harford wonders if there is any prospect of us weaning ourselves off what one oil minister called “the devil’s excrement”.

Producer: Ben Crighton
Editor: Richard Vadon

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14 minutes

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