The Geopolitical Impact of Cheap Oil
If the price of oil, which has fallen more than 25% in the past five months, remains at its current level, it will have important implications for many countries around the world, some good and some bad. If it falls further, as seems likely, the geopolitical consequences could be dramatic.
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CAMBRIDGE – The price of oil has fallen more than 25% in the past five months, to less than $80 a barrel. If the price remains at this level, it will have important implications – some good, some bad – for many countries around the world. If it falls further, as seems likely, the geopolitical consequences on some oil-producing countries could be dramatic.