The steep drop in
the price of oil we have seen the past few weeks threatens to
have profound political consequences. It provides a welcome respite to strained
economies that import fuel, but at the same time it puts pressure on countries
heavily dependent on exports, such as Saudi Arabia, Iran, and Russia.

Source: transitions.foreignpolicy.com

What if Venezuela starts playing solo?

See on Scoop.it – Oil and Gas Development in Lebanon and East Mediterranean


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